Harantii

When you’re new to #trading, everything is a learning experience. Make sure to capture the painful moments you'll go through and learn from them, so you can accelerate your success. Here is a thread of the top 10 things I learnt in my first year of trading #Forex

@Alikhan_tpt Turtle soup

Just finished creating a masterpiece! I made a PDF all about LTF entries with a special focus on Turtle Soup. I even included live examples from my trades this week on XAUUSD. If you want this PDF like this post and comment “turtle soup” — I’ll send it straight to your DM!

Investing with mimetic theory in mind requires discipline though. It's about knowing when to join the trend and when to secure your gains. After all, in the crypto market, timing is everything.

The key takeaway? Understand the mimetic forces at play. Align your strategy with the human tendency to imitate and want what others want. It's controversial but I believe that profits lie in understanding the crowd psychology and not in the technology.

Have you ever wondered if your desires are truly your own? René Girard’s mimetic theory suggests we want things because we see others wanting them and valuing them. Ever since I read about it, it's been the lens that I've used to view human behavior – especially in the world of crypto. 🧵👇 #MimeticTheory

I obviously, like everyone else on X want the bull market to begin ASAP so I can make a lot of money. I just don't think this is THAT moment.

ALT coins have also been exploding and riding on the coat tails of BTC as they usually do, but again... It just seems too easy. Maybe I am overthinking it but it's better to consider all possibilities.

I am not one for making predictions & prefer to stick with reality & what I see in front of me. What I know is that the market has been on an up only trajectory over the last couple of months due to the anticipation of this ETF decision. BTC has increased by 75% since October.

3. It's too easy - What's the likelihood that these firms will start plowing money in from Day 1. This is too easy. Why would smart money make it easy for the retail investor. It's likely that something happens, retail get shaken out and these firms get to buy cheaper.

2. History tends to repeat itself - In June 2022 everyone was hyped up about HK & SG coming into the market & how the 'China coins' would pump with massive green candles. It did not happen. I am not saying this is exactly the same, but it's better to temper emotions in investing.

1. Potential sell the news event - Even if it gets approved, and retail sitting on the sidelines pour money in, there are tons of others who are leveraged up the ass hoping for a pop. Profit taking galore.

Everyone in crypto is excited about the upcoming ETF decision & many believe that the expected approvals will result in the start of a super cycle It is easy to get caught up in the excitement & jump on the bandwagon. However, we need to take a step back and think independently

They're also likely to have already bought in at the lows (if they were smart / had a plan). Here are the reasons why I don't believe that an ETF approval is the start of a super cycle.

X is an echo chamber. It is easy to get caught up in it because everyone is saying that the approvals are guaranteed and that BTC will explode to $100k. There's a reason for this. The people saying this are invested and want their bags to go up.