Posts

Market Psychology

Image
The Psychology  matters the most to sustain and to remain in the market for long time. Here are few history which shows you and encourage you to make change and adopt change. Three stories to boot: 1. Nokia refused Android 2. yahoo rejected google 3. Kodak refused digital cameras Lessons : 1. Take chances 2. Embrace the Change 3. If you refuse to change with time, you'll become outdated Two more stories: 1. Facebook takes over whatsapp and instagram 2. Grab takes over Uber in Southeast เคเคถिเคฏा Lessons : 1. Become so powerful that your competitors become your allies 2. Reach the top and eliminate the competition. 3. Keep on innovating Two more stories: 1. Colonel Sanders founded KFC at 65 2. Jack Ma, who couldn't get a job at KFC, founded Alibaba and retired at the age of 55. Lessons : 1. Age is merely a number 2. Only those who keep trying will succeed Last but not least: Lamborghini was founded as a result of revenge from a tractor manufacturer who was insulted by Ferrari founde...

Understanding Relative Strength Index

Image
๐”๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐  ๐ญ๐ก๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ข๐ฏ๐ž ๐’๐ญ๐ซ๐ž๐ง๐ ๐ญ๐ก ๐ˆ๐ง๐๐ž๐ฑ (๐‘๐’๐ˆ) The Relative Strength Index (RSI) is a momentum indicator used in technical analysis. It measures the speed and change of price movements to help identify overbought or oversold conditions. ๐‡๐จ๐ฐ ๐ƒ๐จ๐ž๐ฌ ๐‘๐’๐ˆ ๐–๐จ๐ซ๐ค?  ๐Ž๐ฌ๐œ๐ข๐ฅ๐ฅ๐š๐ญ๐จ๐ซ: The RSI fluctuates between 0 and 100.  ๐Ž๐ฏ๐ž๐ซ๐›๐จ๐ฎ๐ ๐ก๐ญ ๐š๐ง๐ ๐Ž๐ฏ๐ž๐ซ๐ฌ๐จ๐ฅ๐: Traditionally, an RSI reading above 70 is considered overbought, suggesting a potential price reversal downwards. Conversely, a reading below 30 is considered oversold, indicating a possible price increase.  ๐Œ๐จ๐ฆ๐ž๐ง๐ญ๐ฎ๐ฆ: It measures the velocity and magnitude of price movements. ๐“๐ซ๐š๐๐ข๐ง๐  ๐ฐ๐ข๐ญ๐ก ๐‘๐’๐ˆ  ๐ˆ๐๐ž๐ง๐ญ๐ข๐Ÿ๐ฒ๐ข๐ง๐  ๐Ž๐ฏ๐ž๐ซ๐›๐จ๐ฎ๐ ๐ก๐ญ ๐š๐ง๐ ๐Ž๐ฏ๐ž๐ซ๐ฌ๐จ๐ฅ๐ ๐‚๐จ๐ง๐๐ข๐ญ๐ข๐จ๐ง๐ฌ:  ๐๐ฎ๐ฒ ๐’๐ข๐ ๐ง๐š๐ฅ: When the RSI falls below 30, it might signal a potential buying opportunity as the asset is considered oversold.  ๐’๐ž๐ฅ๐ฅ ...