A former trader reminisces about the old days of trading and compares it to the non-stop, 24/7 nature of the crypto market today.
The speaker tweeted a thread on his advice about trading during global events, adding that having an edge trading against headlines from major media outlets is unlikely.
Traders who hacked into companies to steal press releases made millions of dollars in profits by making trades based on the information they obtained, as seen in the case of Caterpillar in 2012. However, this illegal activity eventually caught up to them and led to their downfall.
Understanding the brain's functions during trading can help optimize performance. Specific nutrients can aid brain function, including the firing of particular neurons needed for successful decision making.
The use of checklists in trading is valuable because it allows traders to objectify their plan and scenarios for entering and exiting positions. The if-then statements become black and white, allowing traders to act on their plan effectively.
