Bitcoin Machine

How to Become a Bitcoin Machine Through Bitcoin Psychology

When it comes to bitcoin trading as a trader you will 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 bitcoin trading psychology then you will require to write down rules which you will follow in your bitcoin trading 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 not what I feel.
I will be patient.

My job description is not to be the bitcoin trading system!

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

That's the job of my bitcoin trading system. My system has a set of guide-lines which tells me this is what I follow. Do not get caught up in bitcoin price action making rules as you go along.

MY JOB IS

To sit patiently and wait for my system to indicate 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 trading system & not taking trades given, hesitating and getting in late, anticipating & getting in early are all common place & boil down to lack of faith in system & not having a burning desire on accurate trade execution.

GOAL: To have 100 percent% undivided desire on mastering my ability to execute my bitcoin trading 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 trading game.

By writing bitcoin trading psychology rules like the ones above then as a trader you will 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 bitcoin trading 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 will be able to trade more like a bitcoin trading machine and follow the rules of your system & your trading will become more profitable.

Changing your bitcoin trading psychology will not be easy and that is why as a trader you must constantly make an effort to follow the rules of bitcoin trading psychology that you write on your bitcoin trading 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 & 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