Trading ( fx , stocks , ...) & Nofap

Option trader here.

Vizualizing options and their greeks is very brain-intensive, and I can't imagine doing iron condors while also doing PMO. If you want to get rich, there's no harm in getting rid of PMO.
 
Demodectic said:
Hi I trade stocks and options but have had a series of losers lately. Losses so bad that they wiped out my gains of the entire year and left me in the negative now. I basically would have been better off if I had not made a single trade AT ALL. In fact i got so disillusioned that I began to doubt my skills and my judgement and i think I am going to hang up my boots once and for all. I mean QUIT TRADING.

It is sad because I was really excited about it and devoted so much time to learning the Technical Analysis and so forth but I am frequently wrong in my predictions and the few times I was right I ended up getting stopped out and then the next day the stock took off TO THE MOON and I was no longer in the position (because I had been shaken out of the position by a blip that triggered my stop-loss).

I would have made more money if I had been working at McDonalds flipping burgers. I am not being sarcastic, I mean that I have LOST more money than I made this year and also in 2018. It is very depressing to have spent hundreds and hundreds of hours in study and watching the screens....all that work and all that effort and to have LOST more money than if I had just stayed in bed watching television and done absolutely nothing.

And of course I turned to fapping and to drinking alcohol to try to feel better. But I have lost all my confidence in my ability to trade and have wasted so many weeks and months of study and in the end I have to look in the mirror and admit that I am a failure at trading....that I dont know what the hell I am doing and my predictions are wrong about 75% of the time. Im glad to hear that you other guys are better at it than me and are actually turning a profit. But in my case I decided to quit about 1 week ago FOR GOOD and to learn computer programming instead.
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Trading options now is a bad idea due to high implied volatility, maybe try going long VXX to make money off of the 2nd tech bubble this century? Options (excluding married puts, etc) seem to be a nightmare to trade due to ridiculously irrational markets.

I am not an advisor, just a bearish trader.
 
Hey guys I'm a stock day trader and I believe nofap can help ,, when your trading your going vs institutions, retail traders,algorithms, and the one that can mess you up in a instant if you don't know how to control it is your own mind .. self control plays a big role..
 
Guys is it always always supply & demand that directs the price?
Shouldn't the price move up if bidders overwhelm sellers?

Can someone suggest any trading forums I could take these questions to?
 

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Retentionistheway said:
Guys is it always always supply & demand that directs the price?
Shouldn't the price move up if bidders overwhelm sellers?

Can someone suggest any trading forums I could take these questions to?
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It majorly is supply and demand, however, Market depth is mostly, if not completely, divorced of the direction of price. What market depth is, is a mere reflection of public opinion.
 
I know virtually nothing about trading and stocks, I just know that I want to learn and be succesful doing it, (especially day trading). I've downloaded a bunch of books and like listening interviews with succesful traders and listening to their advice, such as meditation, emotional control, etc. But actual information or practice I have zero, mostly because I am currently broke and unable to invest. But it is deninitely my goal
 
I just spot buy BTC and HODL. NoFap gave me bravery to allocate, decission to not sell, determination to go on while others crumble in fear, resist FOMO... its all about emotions, NoFap helps with those a lot.

Also maybe the clean mind to abandon daytrading which is mostly a loosing game.
 
A Conqueror said:
especially day trading
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I don't think day trading is a good idea, especially for a newbie. I suggest focusing on ur career and being diligent about always putting money away in a diversified portfolio. If you do it every month, ur passive income from dividends and bonds will grow, and u'll feel like a king
 
Cryptocurrency trader here.

Crypto have caught my eye in January 2021, with the massive spike in price. Bought some, traded some but eventually ended up loosing all my profits. I fell in love with trading despite all the drawbacks it caused. I realised there must be a way to learn this and do it in a constant and profitable manner.

Took me almost two years to make it click in my head. In those two years I have been trading with real money but using small positions, I kept on loosing, but only amount that I was ok with. Today I am becoming profitable, if there is a loss I am able to make up for it - it all comes to the risk management.

Despite practicing semen retention for the past two years I have been relapsing regularly and that messed up my concentration on the trades. Haven’t been loosing because of it, but missed trading opportunities because it kept bothering my mind. Sitting in front of the PC most of the time gets you in a disadvantageous position.

Happy to give help to any fellow Bitcoin traders here. The journey to become profitable is long and bumpy, same as the road to become happy man with no urges to watch P. So the similarities are there, I believe if anybody wants to make money trading, he/she has to become master of self first. Master your self control, very important.
 
Traders Journey:
 

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absoluteminded said:
Technically yes, if there is large bid to hold the price up, that could indicate a low being put in - at least on the local scale. But remember it’s the sellers drying up that causes the reversal not the buyers buying.
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I found something:

"Understand this, there's always a buyer for every seller. So is there a seller for every buyer. What moves the price? Price moves up when the buyers are willing to buy at a higher price. Price moves down when the sellers are willing to sell at a lower price. Always remember, in order for you to enter the market somebody has to take your contract on the other side. If there is a buyer, there is always a seller. If there is a seller, there is always a buyer. Buyers and sellers do not move the market. What then does moves the market? Is it the price you buy and sell at? Yes, that's it."
 
Loving the traders journey, it’s actually very true, thanks for sharing.
Retentionistheway said:
I found something:

"Understand this, there's always a buyer for every seller. So is there a seller for every buyer. What moves the price?"
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I might be wrong but the rule that there needs to be buyer for every seller is only true for limit orders. You can market buy even though there are not enough sellers to get you filled, as market orders are instant. Market orders move the price, limit orders are only able to hold the price at a certain level (by absorbing the limit orders on the opposite side). Correct me if I am wrong.
 
absoluteminded said:
Loving the traders journey, it’s actually very true, thanks for sharing.


the rule that there needs to be buyer for every seller is only true for limit orders. You can market buy even though there are not enough sellers to get you filled, as market orders are instant.
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Limit or Market, behind every transaction there is equal amount of buys filling up the sells. A market order mostly doesn't reflect on bid/ask because it's instantaneous, but behind it, there was always a buy call for every sell and vice versa.
Your Market order would not get processed if there weren't someone or "something" who was willing to buy/sell to you at the price of your desire- which is Mkt price in case of Market order.
 
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I prefer investing in ETF and I usually keep my portfolio for 4 years. Currently I'm investing for example in Cyber security, Electric vehicles technology, automation and robotics and such.

This is crazy time for investing but every crisis brings new opportunities. Unfortunately I don't think that bitcoin is one of them. That time has passed. I don't think bitcoin is going back up. I think that in the next 2 - 3 years we will see it going below 3000.

It's just one opinion guys and there isn't really much evidence or specific indicators behind my words. It's more like a hunch. I think bitcoin is dead.

Good luck though and don't mind me. :)
 
Thanks for your insight Kierann appreciate your view. When investing in stocks it’s always good to look at the fundamental values of the companies. With crypto not so much, these markets are very speculative. Crypto suits the few with big pockets who are able to move the price as they like in their favour. I trade crypto only since there is the usually best volatility and I am able to do it pretty much incognito.

Current environment and state the crypto market is in is because of all the FUD that was created in the last months. To me it states that the reversal is getting close. It’s always the doubt and fear in the markets that makes for the best opportunities. However I would not buy Bitcoin right now. It’s going to go lower, to at least 13-10k. That can possibly be the support for another move up. There are institutional money that are underwater, you need retail to buy back in in order to sell on them. There was no proper push up and there are still trapped traders that are waiting to get out. Many will be scared if there is another leg down, but I would see that as an opportunity, especially if the dip is fast and goes deep. Something like during the covid crash.

None of this is a financial advice, but with the current trend of the devaluation of fiat currency I believe the markets must hit a bottom and keep going up. We will soon see digitalisation of currencies and that could be bullish for the Bitcoin as cash will be no more and people will look for different ways of payments because transactions of state governed digital currencies will be traced and crypto might provide some alternative to those who do not want to obey the regime that might follow. Just a speculation but it seems like it’s on the horizon.

Anyway I am buying BTC if it goes to 10k and I will keep adding on if it goes lower. That is just too good of an opportunity to miss.
 
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