Vwap Thread
So what is Vwap? Volume Weighted Average Price
VWAP = Cumulative Price x Volume/Cumulative Volume
A simple indicator but when properly understood became the most valuable part of my system
Open Interest(OI) Thread:
What is OI?
It tells us how much open value there is on a given contract.
Meaning when OI is 1billion $ on contract btcperpxyz, there is 1 billion dollar worth of longs and shorts open.
Momentum Loss Pattern
(Three drives/Multiple drives)
The pattern we see that causes directional shift in price
Commonly referred to as "Three Drives" but can be any number of moves. The number required for price to turn around is dynamic, not scripted
Never buy on the first…
Giving away $1500 to start; $500 to three winners
I want to begin the new year with good vibes. I've given some funds away to family and friends, now its time for ct
Follow
@TraderMagus
as well as Like/RT/Comment on this tweet for your chance to win
Psychology Write up
In this write up I will be covering my views on the topic & aiming to pass some of my experience from my time as a trader
Psychology is often outlooked & over simplified but is the area traders should focus on the most. Lack of understanding self is the…
Profile thread
What to learn?
There is no substitute for screen time.
Do not mindlessly stare at a screen all day.
Observe, hypothesize, test, confirm or reject.
Move forward
Psychology Thread
Psych imo is the area where most aspiring traders will end up failing. Its really not much of a challenge to make a system and create an edge
Stop skipping psych & spend more time working on your own mind.
I personally work on this topic the most these days
Substance Abuse
Almost a year ago now, I decided to make some changes to my relationship with drugs. For a long time I had control of my professional life but near zero control over getting high, drinking & pills. It was easy to ignore the harm it was doing because I continued…
One of the most valueable skill sets in the modern world is the ability to take in and decern information.
To filter out 98% of the noise down to what matters.
Only the top can hear logic that contradicts their current ideas and say to themselves "maybe I'm wrong"
I just read that only 25% of people have inner monologues
As much as I find this unbelievable, it really explains a lot
Mfs just can not think things through
New footprint series in the works(Will be free videos)
-Absorption
-Imbalance
-Delta & CVD
-Initiation & Exhaustion
-Aggressive OI change
-Tradingview Footprint setup
-Tying it all together
Content mostly complete, need to edit still
So you wanna outperform in 2024?
Portfolio foundation
-BTC
-SOL
-DOGE
Hold plays on(I'll share tickers soon)
-RWA
-AI
-Memes
Trade on chain shitters to stack more Doge
Might pivot hard to ETH if it ever gets any momentum going, not trying to frontrun this with any size
Market Outlook April 23rd
BTC Macro:
Bullish despite the chop; Trend is intact & healthy
Waiting for the larger range to continue compression before next expansion
Bulls need to hold 60k support to maintain structure
Current macro resistance is 69k(prev. all time high)…
Free Alpha
Never long the first drive down unless upside momentum is extremely high
Wait for downside momentum to be lost, then buy
Study multiple drives
"Introduction To Trading" is about 70% complete
Should be published in early February
If you lot get me to 50k followers, I'll release it sooner
Of course, it will be all free for everyone
A game’s Meta, refers to the best way to play the game at that certain point in time. The better gamers discover the new meta first(when changes are made to the game) and exploit this advantage until everyone else starts to catch up.
Most of my life I have used drugs and alcohol to self medicate. I've always used my "perceived successes" to hide from reality
"There's nothing wrong with me, look at what I did"
My carrot on a stick approach to life only works when my brain is turned off
I have recently quit cold turkey and fuck me, its been rough
I'm not writing this to get sympathy but because I know I'm not the only one dealing with this
I'll share more once I am further along
Free Alpha
Never long the first drive down unless upside momentum is extremely high
Wait for downside momentum to be lost, then buy
Study multiple drives
My favorite educational videos
Some are older, some newer but all worth checking out
Topics ranging from Orderflow to Mental health & Psychology
rt if you enjoyed
I started rewatching Mr. Robot last night(Will be 3rd watch)
I consider this to be one of the best done shows of all time. It very rare to see, the story, cinematography, music, acting, etc. all on point
First we'll go over open and close:
If price goes up & OI goes up = Longs are opening at market
If price goes up & OI goes down = Shorts are closing at market
If price goes down & OI goes up = Shorts opening at market
If price goes down & OI goes down = Longs closing
Meta
Meta this, Meta that
This term gets thrown around all the time but what does it mean & how can you use it to improve your trading?
Lets Start by covering the origin
"The Meta" comes from competitive gaming, which essentially defines the approach the best players of a…
Tradingview alpha
You don't need to wait for the Black Friday Deal
Just click unsubscribe and it offers you the same deal to prevent you from leaving the platform
Marketmakers do not hunt stops, paint charts or move prices in any way. MMs simply provide liquidity by quoting spreads around current price. The only thing MMs have direct effect on is volality
Too many ppl on this app live with tinfoil hats on complaining about marketmakers
I'm going back to my old ways & dropping educational tweets regularly again
I've got a few cooking now
Let me know in the comments what you'd like to see me write about
Shoutout
@Trader_XO
He is always going out of his way to check in on me and provide guidance when needed
In a space where everyone is so selfish and hates one another, its refreshing to get support from someone that has nothing to gain from helping me
Thanks bro
Lending Thread/
Lending rates are the cost associated with borrowing leverage from derivatives
Futures - A contract that represents the underlying assets, pricing is balanced through contract expiry
Perpetuals- Futures without expiry, price is balance through funding
Seeing plebs shit on Light is one of the most strange things I've seen on ct lately. The homeless are heckling a professional as he walks down the street.
If you're fading this today, too early imo
Looking for liquidity to be swept to the upside
Momentum fading into 22k+ is the short to take back to the lows 19/18k
Momentum Loss Pattern
(Three drives/Multiple drives)
The pattern we see that causes directional shift in price
Commonly referred to as "Three Drives" but can be any number of moves. The number required for price to turn around is dynamic, not scripted
Never buy on the first…
Random guy logs on ct right after a dump
Sees bulls bragging about slurping the dip
Sees bears making fun of bulls for buying
Better learn to think for yourself or you ngmi
Feb 2020 I quit my comfy job to trade
Was the worst timing possible
I made some serious mistakes @ 7k managing portfolio & ended up going into serious drawdown
In hindsight, this ended up being my cannon moment
Surviving & overcoming the PTSD made me the person I am today…
Market Participants
The Blue whale(MarketMaker) - The MM places resting orders(liquidity) which move around dynamically waiting for takers to hit into them. Just as the whale survives by eating millions of tiny organisms that swim into its mouth.
The Orca(The Hunter) - The…
Over the years I have always found edge in constantly adapting my approach to what I believe the best style is for the current market environment
This is referred to as meta recognition. I've written on meta in the past and consider it an important topic for crypto traders
Just got monthly dividend checks for the two equities I have good holdings in
Dividends have to be one of the biggest scams to convince poor ppl to hold shit
Getting barely over 200$ for over 100k positions
"Idk how yall do that 9-5 shit meme*
The thing that fucks traders the most is that you want it fast
Slow & steady has worked well for me
You want it fast with leverage or meme coins but then you never keep any of it
Stop feeling poor because of socialmedia & learn to play the long game
It must be said to our aspiring traders, dont be lazy and skip the basics
Price action, Market structure, basic risk management & psychology are often skipped over. Passed over for flashy things like Profile, Orderflow, etc...