How do market makers harvest through the anchoring effect?
This is a pit that 99% of traders who lose money have stepped into...
01. What is the anchoring effect?
Originating from the field of behavioral finance, it is a type of cognitive bias.
In simple terms, our decisions are easily influenced by first impressions.
Use the initial value you encounter as a benchmark,
For example, investor A enters the market at 100,000.
When BTC drops to 85,000, he will likely think it's very cheap.
Investor B entered the market at 65000.
When it rises to 85,000 points, he will most likely feel it's

1. Markets are born in despair, grow in skepticism, mature in longing, and are destroyed in hope.
2. Invest when the market is extremely pessimistic, that is, be the most optimistic when it is extremely pessimistic.
3. Buy when others are feeling dejected and selling, sell when others are greedily buying.
4. Finding certainty in uncertainty is the art of the investor.
5, riding the waves of trends on a sailboat of faith.
6. Not every opportunity is worth pursuing, but every decision should be filled with wisdom.
7. In the market, a calm mind is more valuable than an enthusiastic heart.
In the

Brothers, it's time to copy the homework of the stock god Warren Buffett again.
Warren Buffett's latest holdings have been disclosed. In the third quarter, he bought Google for the first time, acquiring 17.85 million shares at a total cost of 4.3 billion dollars.
This is Buffett's first investment in AI-related companies. Previously, he mainly held technology stocks, with Apple being the only one. This time, he sold some Apple shares and bought Google, indicating his optimism about the development of AI over the next decade.
I think this is a very important signal. When everyone is

Has the BTC bull run really ended? Has it reached the liquidation price for the top institutions?
A diagram to help the brothers understand the holding costs and profit and loss situations of major micro-strategies (BTC/ETH/SOL) giants.
Among them, the #mstr holding cost is 74079 USD, with a total value exceeding 60 billion USD and an unrealized profit exceeding 13.4 billion USD.
Ethereum #BMNR version MicroStrategy holding cost 4020, currently floating loss exceeds 4.25 billion USD.
In addition, the SOL version of MicroStrategy #FORD is currently experiencing significant losses, with a cost p

One image to understand: What is Position Management, the speculation king Livermore's breakthrough buying method:
(1) First buy 20%;
(2) Suppose you buy a wrong one, and immediately stop the loss if it falls by 10%, and the loss amount is 2% of the total position;
(3) Assuming the purchase is correct, increase the position by 20% immediately after a 10% rise;
(4) If it rises another 10%, immediately add 20%;
(5) Finally, add 40% directly;
(6) Expand the results of victory, and then hold as long as it does not drop below 10%;
(7) Sell the entire position immediately once it drops by 10%.
T

President Trump signed the government reopening bill.

Depth! Legendary stock god Buffett takes a bow, these eight wise sayings you must hear!
At the age of 95, Buffett stated in his Thanksgiving letter to shareholders that he will step down as CEO of Berkshire at the end of the year, marking a spectacular farewell for a legendary investment guru.
What can ordinary people learn from someone who became the world's richest person by trading stocks?
Let's first take a look at how the "God of Stocks" Buffett was formed?
In fact, Buffett was born into an ordinary family like most of us, and as a child, he did odd jobs like delivering newspapers

A visual guide: The behind-the-scenes founders of major public blockchains (lite version)

A chart to understand: Major macro events of the week.