DELSU MTL COMMUNITY

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@pho3nix_19 - 1 day ago
Quoted - emmanuel19

I don't really know o

But what's over analysis?

Overanalysis is exactly what it means, only in this context it has to do with trading

It simply means the process of second-guessing yourself over and over again, trying to get the perfect validation from the market(looking for the perfect trading opportunity), but the truth is that the perfect validation doesn't exist and because most traders fail to realize this, they keep on analyzing and analyzing and analyzing and in the process end up missing out on most opportunities that the market presents to them

It's also synonymous to analysis paralysis: Meaning the act of not being able to act on opportunities because of too much analysis or info

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@pho3nix_19 - 1 day ago

Hello traders

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@pho3nix_19 - 1 day ago

Fun fact guys: Currencies are actually quoted based on their rank. Like so:

1. EUR

2. GBP

3. AUD

4. NZD

5. USD

6. CAD

7. CHF

8. JPY

Traders, do you agree with the statement, your psychology depends on your risk and position size in every trade?

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@pho3nix_19 - 7 hours ago
Quoted - dibiedestyjefe

Traders, do you agree with the statement, your psychology depends on your risk and position size in every trade?

Nahhh

I believe psychology's more than that

Sure risk management and position sizing is there, but u still need to grasp the flow of the market, understand why the market changes and what causes such cuanges

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@pho3nix_19 - 6 hours ago

Afternoon traders ๐Ÿฆโ€๐Ÿ”ฅ

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@pho3nix_19 - 2 minutes ago

Top down analysis: Necessary or overrated

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