Absolutely. Correcting mistakes in your strategies is also crucial. But OP asked about controlling your emotions, and I believe (a) that emotions are unavoidable to some degree for human traders, and (b) that they can be seen as some form of statistical biases. If removing these biases is not an option, then countering them in the way I described seems to be the next-best option.

I work under the assumption that controlling emotions in trading (and maybe in other aspects of life else as well) is practically unachievable for all or most of us. The best one can do, often with decent results, is recognizing them, and applying some (simple) self-hacks to counter these emotions.

I like to think of this process as applying 'filters' to my own biases, which I have observed over time in my own behavior and/or actions. Example: after noticing that I frequently act according to some bias (over a certain time frame, on a certain market), I will try to counter this bias by adjusting my current decisions in the opposite directions, e.g. lower my (subjective) probabilities for an upwards scenario to come true in case that, historically, I have suffered from a bullish bias in similar situations.

Like I said, kind of crude -- but so far, somewhat effective.

Hey guys 'n gals.

Did I miss anything important? What's the big topic of the month?

With all due respect for luc's remarkable track record over the years, he didn't exactly nail the market during the last ~3 months, right?

Approaching the 20k ATH, he repeatedly mentioned a (more or less) resistance-free path to 40k as the most likely scenario. After the ATH, he (correctly) predicted a steeper correction than many anticipated initially, but again: his most frequently mentioned scenario was staying above 10k as part of that correction. More recently, he talked about "three options", i.e. long-term scenarios, one of which saw price go to the current levels. But the way I understood him, this was supposed to be a sort of flash crash, since he's been advising to buy below 10k until last week or so.

I don't want to sound too dismissive: he's definitely worth following and reading, as always. I just increasingly get the feeling he's hedging his bets in the way he writes his predictions.

I don't understand the aversion to Ethereum (or other alts), especially from speculators that otherwise seem to be pretty dispassionate about the market.

What's wrong with holding a diversified long-term position, where the ratios approximately correspond to your long-term belief of success of the respective asset?

Taking that view, one could still have the most faith in BTC coming out on top, but grant that ETH serves a purpose as well, for example: as a bet on "single competent person in charge of an open-source project", think: Linus Torvalds and Linux kernel development.

Nice find. What a trip down memory lane.

Also, fuck 'finex.

I think there's a decent chance precisely that will happen within the next ~6 months or less.

That said, the market cap is mostly a meaningless metric anyway, largely an artifact of the ratio of total coin supply vs. traded supplies.

That said, if and when the overtakening happens, meaningless as it maybe be in fundamental terms, I do expect some noticeable market reaction.

I'm quite confident that both actively contributing to modern civilization, as well as beautiful women are more of a theoretical issue for you personally.

Why does reading this thread today make me think of Hannah Arendt at the Eichmann trial?

I mean, if Eichman would have also been boastful and a goldbug, in addition to being an anti-semitic psychopath.

Congrats, BobLawblaw. Well deserved. Now stop putting yourself at risk by flaunting it  (:

Also, if your profile age is your real age, that seems about the perfect age to retire. If you're much older and retire, it's hardly different from regular retiring, if you're much younger, it somehow feels wrong to me, like you're dropping out too early.

I've been a customer of Poloniex for many years now. I've always had a good experience with them: trading went smooth, and withdrawals were never a problem. However, this changed recently.

I submitted a support ticket, requesting an increase of my withdrawal limits, on December 6th. I noted that, given my current limits, it would take months for me to withdraw even a fraction of my funds. I asked which documentation they require to enhance my verification level -- and haven't received a response for 40 days now.

I can understand that under the current load of new customers, support times across all exchanges tend to be longer than usual. But 40 days of waiting time is no longer acceptable. I'm not overly fond of public ultimatums, but since Poloniex choses not to interact on any communication channel, I don't have much of a choice:

If I haven't received an answer to my support ticket #554603 within 10 business days, I will take legal action to take possession of my funds currently held on Poloniex. I still hope this outcome can be avoided, but I will not allow Poloniex to effectively hold my funds hostage without an explanation or any sort of response.

No reason to gloat or ridicule, chessnut made great calls over and over again.

That said, part of trading this market successfully also requires knowing when it's best to skip predictions of the tops, and ride it out as long as possible -- only reacting after a clear shift of sentiment. As in: getting out on a rebound after a massive correction, not trying to time it and do so before.

Since the recent change that shows 'change' addresses separately, the 'coins' tab is now effectively the best way to get a quick overview of your funded addresses. The label used there however seems to be taken over from the last transaction, not the corresponding address label.

I think it would be more consistent, and increase usability, if the address list inside the 'coins' tab would use address label information instead. If you agree, perhaps you could consider making that change at some point in the future.

Must. Resist. Adopting. Anti-semitic gold bug big blocker permabear persona...

At least Ripple lubes up in those case. BCH went in a bit too dry, for my taste.

reminds me of something...

Prove that you're the real r0ach by unloading some of your finest tinfoil-y antisemitic low-resolution jpeg montages.

My naive bet would be that weekly SMA (~3k and rising) seems to be a watershed level. But the market's also wisening up all the time to previous 'rules', hence, emphasis on 'naive'.

"Back to $200! Bear market any minute now!" ... "It's just a flesh wound! 10k by the end of the year!"

How about: the market is testing the downside after huge gains were made during the past months. And "continuation or reversal?" will be largely determined by how this test proceeds? (e.g. support will or will not be found at a level which suggests the larger bullish trend remains intact)

I'd be surprised if quite a few people in here didn't believe exactly that. See:

@article{botstein2017cryonics,
  title={Cryonics, Anti-aging and Transhumanism: Savviness and Naivety in the Cryptosphere},
  author={Botstein, Patrick and Dong, Wei},
  year={2017},
}