Bitcoin Machine

How to Become a Bitcoin Machine Through Bitcoin Psychology

When it comes to as a trader you'll need to execute your trades like a bitcoin trading machine, without any emotions, or without being swayed by bitcoin price movement that the bitcoin price has moved up so much that you now need to open a buy trade because the up move has really moved some pips.

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--feelI--am--feelingMy--feelings--are--telling--me.
I will be patient.

My job description is not to be the system!

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

That is the job of my btcusd trading system. My system has got a set of guidelines which instruct me this is what I follow. ==22==Do--notDon'tDo--not get caught up on bitcoin price action making rules as you go along.

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 extreme focus I execute trade 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 system ==22==and not having a burning desire on accurate execution.

GOAL: To have 100 percent undivided resolve on mastering ability to execute my system accurately.

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.

By writing bitcoin trading psychology rules like the ones above then as a trader you'll begin to follow your system and trade more like a bitcoin trading machine would if the system you are bitcoin trading with was to be automated.

The more you as a trader follow these btcusd psychology rules the easier it'll become to trade the btcusd market without being influenced by the various market movements.

Always make sure that you are opening a bitcoin trade because the guidelines of your system have been met and a signal has been generated and not because you have seen the btcusd market jump and so now you decide it is time to buy.

By following a bitcoin trading system then you'll be able to trade more like a bitcoin trading machine and follow the rules of your system and your trading will become more profitable.

Changing your bitcoin trading psychology won't be easy and that's why as a trader you must constantly make an effort to follow the trading rules of bitcoin trading psychology that you write on your bitcoin plan until the time you master these rule and you can now trade the btcusd market without emotions and trade like a bitcoin trading machine.

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

Bitcoin Trade Psychology for Bitcoin Traders.

More Lessons:

Trade Bitcoin Trading

How to Become a Bitcoin Machine Through Bitcoin Psychology