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Bitcoin Machine

How to Become a Bitcoin Machine Through Bitcoin Psychology

Traders must act like machines. Stay calm. Ignore feelings. Do not chase bitcoin prices just because they rise a bit. Execute trades without getting pulled by quick moves.

So to trade like a bitcoin trading machine as a trader you need to transform your bitcoin psychology. To transform your btcusd trading psychology then you'll require to write down rules which you will follow in your bitcoin plan.

The example illustrated below shows how to write the bitcoin psychology rules

MINDSET/PSYCHOLOGY

  • Trade without Emotions (greed, fear, anticipation, impulse, bias, over-excitement)
  • I trade what I see on the trading charts and not what I feel.
  • I will be patient.

My Role is Not to Act as the Trading System Itself

It isn't to decide which trade positions looks promising & which does not.

My BTCUSD trading system handles that task. It offers clear guidelines I follow. Avoid chasing Bitcoin price moves and creating rules on the fly.

MY JOB IS

To sit patiently and wait for my system to show that it's time to enter or it is time to exit. And then with maximum concentration I execute trade position as planned.

Taking trades not indicated by trade system, second guessing system and not taking trade positions given, hesitating and getting in late, anticipating & getting in early are all common-place & boil down to lack of faith in strategy and not having a burning desire on accurate execution.

Goal: Build full focus to master running my trading system with precision.

More you cultivate your ability to step back from bitcoin price movement and watch btcusd market dis-passionately, waiting for a signal to trade, the easier it will be to witness the oscillations of your trading emotions without getting sucked in to them allowing them to throw you off your game.

Write down bitcoin trading psychology rules like those. You'll stick to your system. Trade like an automated bitcoin machine would.

The more diligently you adhere as a trader to these established rules of btcusd psychology, the more effortlessly you will navigate the btcusd market, minimizing influence from transient fluctuations in market activity.

Open bitcoin trades only when your rules match and a signal appears. Skip jumping in just because BTCUSD spikes.

By adhering to a bitcoin trading system, you will trade more like an automated bitcoin trading machine, following the established rules of your method and increasing your profitability.

It won't be simple to change how you think when trading bitcoin, so you should always try to stick to the bitcoin trading psychology rules you write in your bitcoin plan until you know them well and can trade the btcusd market without feeling anything and trade like a perfect bitcoin trader.

To learn and know more about bitcoin psychology read the following bitcoin trading psychology guide

Bitcoin Trade Psychology for Bitcoin Traders.

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