If you have made money but feeling you have made much less than others. Instead of fomoing you can still outperform them by losing less when the dump comes.
I started trading stocks in 2007-2008 in my native country and I turned profitable just before financial crises and luckily I was able to predict the crisis and thanks to shorting i was able to 150x my small capital by end of 2009. I was young and this bear market experience
Most of the smaller guys think institutions and big investors are smarter than you they are not . Sbf is a prime example ,big institutions are already 15 years late in bitcoin than retail. In stocks Tesla was most shorted stock by institutions for long time while retail was long.
Things I do while trading alts -
Buying strength
Buying narratives
Low leverage
Using btc to time my entries and exits on alts.
Reenter higher if it still looks good
I am long only trader because
- most of big money is made during bull run
- not easy to switch bias from short to long quickly
- lot of bad habits like shorting pumps during bull run
- keep things simple
Your trading is your responsibility if you got scammed/liquidated or any other thing. Stop finding excuses for your mistakes. Until someone has put a gun on your head and forced you to take a trade it’s on you
Here is how I see positive funding rate :-
-High funding rate is fine if new money is coming and it’s just beginning of run. It just shows high buying interest
- Hi funding rate is bad if everyone is already long and no new money is coming .
-High funding rate will always
Here is horse's simple guide on when to enter in tokens that are being shilled on twitter
If sentiment is poor or fresh rally is just starting you will get enough time to buy the coin as People will be slow to react.
If sentiment is bullish or uptrend has been ongoing for a
In coming months hopefully we will have a good market for alts volatility will also go up with it. Keep leverage very low otherwise you will get chopped up and won't be able to benefit from it. Compound your gains dont **** it up with greed.
Majority of retail is better off not shorting at all everyone is not Gcr and One mistake you are liquidated. Secondly it is not easy to switch bias fast . You will end up missing bigger moves like this.
I am not in favour of setting portfolio return targets in trading. Returns are asymmetric you can make years of gains in days and lose everything in 1 go. Having a number in mind puts undue pressure. Just stick to your strategy and keep grinding you will make more than you have
When it comes to trading psychology everyone is different and not all trading methods will suit everyone. Also You don’t need to kill your mental demons but have to find a way to work with them.
I always had low confidence and poor self belief issues and also careless gambling
From last month most of trades have been going my way thanks to good markets. Eventually I will get caught and take losses in some . Please don’t blame me then. 🙏
Will keep on deleting all trade entry posts which are more than 15 days old. As trade is done no point keeping it on timeline. Likely to bring only headache if anything for me in future.
If you are ever in loss and in doubt whether to exit the position or not. Ask yourself if you would take the same position at current price and time. If the answer is no exit position.
From 26000 to 44000 nothing fundamentally has changed etf is still pending. But everyone is very bullish now only because btc is up and our shitcoins are up multiple exes keep this in mind .
In coming months hopefully we will have a good market for alts volatility will also go up with it. Keep leverage very low otherwise you will get chopped up and won't be able to benefit from it. Compound your gains dont **** it up with greed.
I think its better to try to predict behaviour of market participants rather than trying to predict the price. Eventually price is an outcome of action of market participants.
Almost 3 years into crypto ,it has been mostly up only for me. I have made 2-3 big mistakes in between which I was able to rectify in time. Frankly I don't consider myself genius and i don't work hard. which only means one thing my competition is more retarded than me.
To become successful leverage trader Learn about yourself learn about the circumstances you perform best. If you do well under pressure put sizeable amount of your savings and then trade. If you like to keep things light . Keep small amount as margin. If you can’t digest losses
Learning from trading style of other traders is way better than copy trading. Following
@KeyboardMonkey3
and
@HighStakesCap
on ct has helped me a lot in making it big .
From
@KeyboardMonkey3
I learned trading big on high volatility and panic days is best. Returns you can make in
As volatility is drying down don’t pump up the leverage to make same type of gains. If you get caught on the wrong side you will be liquidated. Have patience sit on the cash try to catch the surprising sharp moving alt.
Great traders show least path dependency, don't get married to your positions switch bias fast when necessary and Don't book your trade because it is in profit If it is still long keep it.
a story of my luck and how easy it was to make money in bull run .Back in August 2020 I opened an account in ftx along with binance and deposited $1000 on ftx lost $500 in few days experimenting and then I saw weird chart on some defi index on ftx it was market maker bot
In trading when you start calculating your annual gains based on the profit of last week/month. it is time to be careful and slow things down or you will give all your gains back to market.
One of my favourite ways to trade is to go with any surprising move by markets. Btc starts pumping without any reason go long. Market pumping or not falling on bad news go long and vice versa.
Many people are asking my exit strategy and my time frame. I don't have one markets are always changing with new information so I try to adapt accordingly . Flexibility is an edge.
Here is how I see positive funding rate :-
-High funding rate is fine if new money is coming and it’s just beginning of run. It just shows high buying interest
- Hi funding rate is bad if everyone is already long and no new money is coming .
-High funding rate will always
happy birthday to me. my last birthday was right after the ftx crash. despite 5x-ing my liquid net worth in the year following, i'm still unhappy with where i'm at. yeah, i fumbled the car, the house, the boat, and the jet. and when bitcoin is 6 digits plus, i'll always
Majority of retail is better off not shorting at all everyone is not Gcr and One mistake you are liquidated. Secondly it is not easy to switch bias fast . You will end up missing bigger moves like this.
@coinmamba
and
@Pentosh1
were one of my first follows when I started crypto in August 2020.
- After seeing
@coinmamba
's trades I got confidence I can do this too in crypto.
-
@Pentosh1
was shitcoin trader and influencer at that time. And I invested in presale recommended by him