RE: Crypto Academy Season3 | Intermediate Course: Market Psychology and Trading Psychology
Hi @kyara2, thanks for performing the above task in the second week of Steemit Crypto Academy Season 3. The time and effort put into this work is appreciated. Hence, you have scored 6 out of 10. Here are the details:
| No. | Parameter | Grade |
|---|---|---|
| 1 | Type of psychology in case study and explanation | 1 / 1 |
| 2 | Explain at least 5 biases that influenced Jane's trading behaviour with examples | 1 / 2 |
| 3 | Explain how each bias you have mentioned can be avoided | 1 / 2 |
| 4 | How to monitor market psychology and differences between market and trading psychology | 1 / 1 |
| 5 | Measure market psychology using crypto charts and explain how trading biases causes overbought and oversold | 1 / 2 |
| 6 | Explain EMH and give the advantages and disadvantages | 1 / 2 |
| 6 / 10 |
Remarks:
Overall, this is a good work. That said, you did not provide new information to this course. Most of the points you stated have already been mentioned by other participants.
• Mental accounting bias
This bias can be avoided by a trader making a technical analysis of the crypto assets that he or she is holding. For example, If the technical analysis conducted says that there will be a loss in holding on stellar(xlm) and a profit on steem. This means that the trader should sell of the stellar coin earlier to avoid further losses arising from holding on to it.
Although you have done well explaining the above concept. It does not apply to Jane's case. Again, thanks for your time and effort. We look forward to your posts in the coming weeks.
Thanks professor. Am happy I tried