Do You Want To Make Money Or Do You Want To Be Right? by readthisplease

hive-167922 · @readthisplease · Jul 27 '21

$0.28

Do You Want To Make Money Or Do You Want To Be Right?

I learnt this the hard way through trading forex and relying on Technical Analysis. I learnt all the basics behind technical analysis like the market patterns, the price actions, different candles and what they represent. But I was not still successful in trading technical analysis. This was because most times I always wanted to be right. I believed in Support, Resistance and Reversal candle so much that when I see them I expect them to be right.

![image.jpeg](https://images.hive.blog/DQmZqgZ6abXQwMw4aZq4YMpdvvfrGnLbD56ZhFbujadVdKy/image.jpeg)

[source](https://cdn.pixabay.com/photo/2017/07/13/12/51/puzzle-2500328__340.jpg)

When the price of a token approaches an obvious resistance or support zone, I wait to see if I can see a reversal candle, while waiting for that I neglect all possible incoming news that might affect the particular token, when the reversal forms, I trade. When the trade doesn’t go as I predicted, I get angry and start asking myself where I went wrong. I look at my chart and re analyze, then I say to myself, “but I was right, why go contrary to my analysis”. I then realized that the market doesn’t care about me or my analysis, the market doesn’t care if I was right or not, everyone in the market is more focused on making money than being right.

![image.png](https://images.hive.blog/DQmYjPPYv2PQXkozQapwaKjraBcASoe9PkzziS5d8jXSxsk/image.png)
[source](https://cdn.pixabay.com/photo/2017/01/18/09/59/freelance-1989333__340.png)

I was so focused on my analysis being right, I forgot I was there to make money. Then I realized that if I want to make money, the best is to follow the fundamental analysis that depends on the news. This is because no matter how right and how coordinated you think your chart is, it takes one tweet from an influential man and your analysis is down the drain.

If you keep the mindset of trying to make money rather than being right, you will make money. I don’t mean you should be nonchalant and take unreasonable risks. It’s ironic to know that when you make money, that’s when you are considered right. You can’t lose money and be expected to be right. If you lose money that means you were not right.

👍 ctime, arcange, laruche, oldtimer, fengchao, walterjay, felt.buzz, successfull, queengaga, star.leo, raphaelle, senseiphil, hive-143869, mindtrap-leo, pboulet, crimsonsha, sqube, mk-leo-token, haxxdump, toni.curation, abdul.qadir, voiceofgod, terroristlist, timedclevadanz, tosmomatrainin, thyx314, slavetwo, slaveone, tugmyuglyboat, sushispention, silendbondage, skinnydipping, wonmanhandling, theresheblows, stagmovie, terrabull, turtlnecksweatr, thisishowwedoit, throwmoney, standbyme, sucker, spoilerbot, wayfair, wontyou, worldrecords, underyourbed, spareshorts, stalechaser, sofakingcool, squattypotty, texasleather.com, strokanater, undersuespition, strangeleft, takemymoney, twilightzone, waddofstash, tweetiebird, stonedstill, weedeez, womeninblue, threestooges, theflip, tyrantalert, and 6 others

`author`	readthisplease
`permlink`	do-you-want-to-make
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`created`	2021-07-27 17:12:57
`last_update`	2021-07-27 17:12:57
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`last_payout`	2021-08-03 17:12:57
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properties (23)vote details (70)

voter	rshares	pct
arcange	105,064,613,686	2%
raphaelle	1,326,761,966	2%
oldtimer	15,495,741,221	50%
sqube	349,765,316	1%
walterjay	4,117,185,473	0.35%
felt.buzz	3,053,402,206	0.35%
whambulance	0	5%
trollbooth	0	5%
thereyougo	0	5%
soupdog	0	5%
slapajo	0	5%
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tyrantalert	0	5%
theflip	0	5%
threestooges	0	5%
womeninblue	0	5%
weedeez	0	5%
stonedstill	0	5%
tweetiebird	0	5%
waddofstash	0	5%
twilightzone	0	5%
takemymoney	0	5%
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strokanater	0	5%
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squattypotty	0	5%
sofakingcool	0	5%
stalechaser	0	5%
spareshorts	0	5%
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worldrecords	0	5%
wontyou	0	5%
wayfair	0	5%
spoilerbot	0	5%
sucker	0	5%
standbyme	0	5%
throwmoney	0	5%
thisishowwedoit	0	5%
turtlnecksweatr	0	5%
terrabull	0	5%
stagmovie	0	5%
theresheblows	0	5%
wonmanhandling	0	5%
skinnydipping	0	5%
silendbondage	0	5%
sushispention	0	5%
tugmyuglyboat	0	5%
slaveone	0	5%
slavetwo	0	5%
thyx314	0	5%
tosmomatrainin	0	5%
timedclevadanz	0	5%
pboulet	831,272,420	0.7%
ctime	266,261,163,533	2.5%
terroristlist	0	5%
voiceofgod	0	5%
haxxdump	116,413,049	10%
queengaga	2,097,132,458	50%
mindtrap-leo	1,180,002,344	50%
mk-leo-token	226,904,946	100%
toni.curation	16,526,661	1%
fengchao	6,766,225,793	2%
laruche	30,459,274,915	0.7%
hive-143869	1,183,818,661	0.7%
senseiphil	1,323,232,373	1%
abdul.qadir	0	0.62%
star.leo	1,350,345,802	50%
successfull	2,796,833,033	100%
crimsonsha	485,009,986	100%