When you see such tweets, you should be careful with your longs on #altcoins
The bull run will be back in 2024-2025. These pumps are just "bear market rallies"
Your current struggles are the cornerstone for tomorrow’s success. These struggles are important and required for your improvement as a trader and as a person. Learn from it. Study it. Embrace it!
Trading is a gradual process...
- Time will make you gain skills
- Mistakes will make you a better trader
- Experience will make you understand markets
Trading is a process of self-discovery.
If you're getting stopped repeatedly it's because:
1. Your stop is placed in an area of liquidity
2. You’ve misread market context/structure
3. Stops are too tight for that setup
Widening your stops can affect your R:R but taking optimal trades will allow for tighter stops.
Apparently no one has ever lost anything EVER in cold storage.
It is trivially easy & inconsequential “write down 12 words” (that’s the ONLY step) & you are immune from all theft & loss forever! ❤️
If you have any concerns you are an idiot who doesn’t belong in the #Bitcoin. 😂
To eliminate greed --> Follow your rules
To eliminate rage --> Focus on the next trade
To eliminate anxiety --> Reduce your position size
To eliminate fear of losing --> Think in probabilities
Master the right mindset for successful trading.
Self custody is not a magical solution. It’s extremely hard for most people and not something they are comfortable with.
Personally I hate it. I hate exchanges and centralized control even more. The whole thing sucks. Props to the companies working on making this easier.
If you're still here today, you WILL make it.
I'll talk about my experiences of the 2018/2019 bear market which will be relatable to many of you right now.
A thread... 🧵👇
My 5 principles of trading
1. Plan your trades in advance
2. Trade only high probability setups
3. Set take profit targets; lock-in gains
4. Trade with a stop loss; minimize losses
5. Never add to a losing trade
On breakouts:
In a range: breakouts are more likely to be traps, not trend-forming
In an uptrend: breakouts are more likely to stick while breakdowns are more likely to be traps
In a downtrend: breakdowns are more likely to stick while breakouts are more likely to be traps
Crypto investors will be destroyed, because they're complacent. Most think this crypto bear market is nearing an end, because of past examples, but this is a REAL recession now, and crypto is going to be annihilated during it, and so many projects will collapse. Be careful.
One trade can wipe out your trading account.
One trade can damage your confidence.
One trade can ruin your mindset.
Risk management is such an undervalued trading skill.
Are you done with your cute new years celebration? Now on to a serious topic.
Have you mentally designed what your life should be in 2023? Have you intentionally planned in detail all the specifics? If not, then I command you to do so now. Otherwise, mediocrity awaits you.
It does not matter how fast you make money. What matters is whether you are able to hold on to it and grow it steadily over a period of time.
Wishing you all a wonderful New Year and hope it brings you many blessings! ❤️
The best new years resolution you can make is to become time and location independent. Make money from anywhere in the world, don't be chained to low quality people, architecture, laws and weather.
I think Genesis files bankruptcy protection (early Jan) and becomes the catalyst for the #bitcoin bear market (4yr Cycle) lows.
Few crypto players (OG and new) would have escaped massive losses and capital tied up years this Cycle.
Expect slow and arduous path out in 2023
⬇️