Was funny to see people shit on me bearposting $BTC for months and saying I'm waiting for 83K, be patient. Every tweet I made.. reply guy: "bottom".
Funny I get long per my plan, first long in a while. Every 5 minute down candle, reply guy: "told you so, lower".
Crypto traders are truly a different breed. Very emotional, very few with a concrete plan, constantly swayed by the tweets of influencers who don't even trade, no planned or proper risk amounts, all euphoria or doom, the list goes on.
Maybe I'll get back to teaching sometime soon, some of yall really need it. For my respectful followers, I know there's a ton of you and I see you, thank you.
@follis_@Crypto_Chase Hello kings
Could you please check the pm i sent you two? Was just curious to know what went wrong with the triggers in one of my trades. Thank you!
Someone out there got liquidated on Friday
Loaded up a new perps account over the weekend
Longed a bunch of coins yesterday
And just got liquidated again
$ETH
This is the only level speaking to me atm. Willing to miss a bounce if it happens earlier. I longed the hell out of the 2024 uptrend (on $BTC) n I'm falling back to HTF charts in case we have a potential local top on our hands.
Looking to bid Weekly discount / liquidity.
I haven’t done a giveaway in a while so this will be extra shocking
To enter:
Like+Retweet ❤️♻️
Tag a friend/duo/lover
Winners will be announced on 11/11, you and the person you tag will EACH win a mouse 😱
*Worldwide, I will cover 1 international shipping fee if necessary
Feed is full of trading platitudes and speculation as to why the dump may have happened.
Not much of that is useful now that the moves already happened.
These types of moves are part of crypto, they can offer unbelievable opportunities if you are able to execute properly.
Don’t be upset if you were caught off guard, most were.
Use it as a lesson for the next one.
If you took a big hit, don’t do anything drastic. Reach out to your homies.
The goal is always the same, survive.
a big sign that a guy is truly killing it is that he doesn't know how he got to where he is. there was no monk mode, no cutting off of old friends like the gurus told him, just some hard work and some luck? "networking" for him was just taking genuine interest in cool people who ended up becoming friends. "the grind" was just working on something he enjoyed for long enough until it started working. sometimes the best hands are dealt to those not even trying to play the game.
Youtube algo recommended me a video on a failed trader this morning. I watched a man cry talking about the money he's borrowed from family, loans he took out, all the debt he now has, his trading addiction, and much more.
I had multiple people reach out to me this week and tell me they were taking a break from or quitting trading. My ref links (which once were 'decent') are now mostly dead. I had friends who made 100K~ during the COVID bubble and are now at zero.
All these traders, wiped out. And we say traders, but behind every trader is a person, their family, their struggles, promises they made to others, and much much more.
Trading isn't a game nor is it something to be taken lightly. Profits shouldn't be taken for granted, they should be transferred to your bank. As much as it can creep in, there's no place for emotion such as euphoria or fear. It's just you, your level of interest, your stop loss, and your take profit. It sounds generic, but it's so easy to deviate from your plans on any given day.
I predicted 62K-> 67.5K, but I got front ran by $130 on my entry.
I predicted 63.2K -> 70K~, but I got front ran by $250 on my entry.
I predicted these moves on $BTC, but didn't make any money. That must have been extremely frustrating, don't you think? Shit like this makes you vulnerable to mistakes and you have to recognize that.
Most respect the transparency, but some press the issue even further and clown me. "No coiner" they say, "we're going to leave you behind", they taunt me. At this point, weaker minds would succumb to the overall negative situation (slight front runs, missing out on good money, taunted by peers, etc). Undisciplined traders will FOMO into shitty positions, they will deviate from their plan and winning strategies, rack up losses, lose confidence, and the list goes on. I know all this because I've been there before, only years of experience has helped me overcome demons like these.
With all that piled on me over the past week, I stayed patient, and captured +1.5R in a couple minutes yesterday on the Trump speech liquidity trade. I stayed true to my strategies and did what I do best. I didn't allow the market (or the trolls to a lesser degree) to impact my decision making.
I know some people probably view me or how I respond to some questions as pompous.. like I'm above the trades people ask me about or I'm not willing to give them the time of day to talk about current prices. I'll respond with lines like "I post trades when I have them" or "I don't care what price is doing atm, I just wait for my levels". Hopefully you're beginning to understand why I respond in that nature. It's to protect me from deviating from my own plans.. it's to maintain the steel trap. I can't entertain you because I can only entertain trade ideas I develop myself. They have to be formed from scratch. And I truly don't care where price currently is, I only care when a setup presents itself and at what prices I seek to do business.
The point of this novel is that trading is hard. Proper technicals are hard, the discipline required is hard, patience required is through the roof, everything about it is difficult. It isn't something you should take lightly or play around with. CT makes it look easy.. a highlight reel of successful traders (or larps), hindsight screenshots galore, million dollar PnL's, but the reality is at the start of this tweet. Most struggle, fail, or win for a short amount of time (showing you the wins), and then lose it all (disappearing without a word). The illusion of everyone succeeding is just that, an illusion.
I come from a middle class (or slightly lower-middle class) family, never really had money. I started with a $2500 loan from a friend and family. I didn't have any Bitcoin from old poker sites or any shit like that. Pretty sure I started with like 0.2 BTC or something. And I won't pretend all my gains were trading.. there were ICOs, ref links, groups, etc., but I've proven enough over the years that I can remain disciplined and provide profitable setups amidst an endless stream of euphoria, headlines, and people flashing +2 mil PnL trades around me.
This tweet isn't about patting myself on the back though. It's about showing you guys the mindset you must have to succeed. You HAVE to stick to your setups, you HAVE to take profits when they're available, you HAVE to cash out and change you and your family's lives for the better when you have the chance to.
Remove the stresses from your life and you will trade so much better! If you're constantly "ALL IN", you will end up with zero. You always see me pushing for profit taking and cashing out and I don't give a flying fuck if price goes up without me or whatever stupid shit some crypto maxis reply in the comment section. I'll take a better life for my family over a Bitcoin every single day of the week. I maybe recognize one or two reply guys that have stuck with me for years (they aren't rude enough to block, but love to chirp me on occasion). All the others disappeared over time (likely failing to become successful traders).
They say trading is PvP, but it's more like you versus you. If you can TRULY block out the noise, employ a mostly winning strategy, and take profits rather than be greedy, you can be successful. Best of luck.
If I didn't have the chart, I'd think $BTC was trading at 150K per CT. It's bullish that politics are turning pro crypto, ETF flows are strong, Mt. Gox being absorbed etc.
I wouldn't let these headlines affect your local trades though. The day we saw +500m ETF flows on BTC, everyone went wild. I'm sure tons of FOMO longs hit the tape. Yet.. we closed that day red and have retraced since (small retrace, but still).
All I'm saying is don't get wrapped up in the headlines. This place always makes newcomers and even intermediates think they're never going to get a chance to buy again and price is going to triple overnight.
Take a breather and trade your levels. If price moves up and you didn't expect it to, that's okay. Find the nearby gap, S/R, etc., and move your longs up (if it makes sense to). 99% of the time, the whole move doesn't happen in a single candle. There's always chances to get aboard.
I take the best Inversion trades on this app.
This is because I follow a step-by-step checklist every morning.
I can easily charge $99 for this.
But today, I'm giving it away for free.
Like + comment "checklist" and I'll send it to you.
(must follow so I can DM)
Of course traders start philosophically posting life wisdom after a year or two in the game.
It’s right about the time when you start to realize that your trading mistakes are usually reflections of your flaws as a person.
Greedy, hot-headed, or impatient as a person? Good chance it shows up in your trading as well.
I love seeing it cause it’s the transformative period in a trader’s journey. Some people never conquer those demons, some do.
That last mile is the loneliest.