I’m getting more and more interested in understanding the wider economy and how the financial sector influences it. The gained insights are rather shocking.
“I could kick myself!”
I don’t know how often I have said this to myself in the last few months.
Lately I’ve been busy with other things. So, trading took a backseat. I have been trying to keep a hand in, though, and that might have been a mistake.
I mentioned recently that I have finally started trading Bitcoin. There are two great aspects about this new endeavour:
- Trading is free.
- Bitcoin’s price rise compensates for my losses.
Thus, for me Bitcoin trading is essentially a safer playground compared to my stock trading account; a bit like a soft play park for toddlers.
Recently I noticed somebody ask on social media whether other traders felt guilty when they won money in a trade because it means that somebody else has lost money. My first thought was…
Are you serious?!
A friend recently recommended this book. It captivated me because it takes an interesting approach to mind management. Even though this book does not specifically target trading psychology, I think that it is very useful for traders because it gives you tools to control your emotions and mindset.