Trading rules (Focus: Risk Management)
Important terms:
1. SL: Stop loss
2. Position size: The amount allocated to 1 particular trade
3. R:R - Risk Reward ratio: xx % risk u are willing to lose to gain xx % reward
4. TP - Take profit levels
Wait for the market to shift towards solid utility projects.
It will be like a tsunami
And unlike short-lived meme pumps that only lead to copycats this will create whole ecosystems
It is honestly my favorite part of the #bullrun
Hopped into this meme $RIBBIT
Still at 1.2 mil MCap
If PEPE keeps running like it has, this seems to me like the next decent small-cap frog meme
Maybe this one reaches 100-200 mil Mcap if memes continue to go crazy this cycle
Hopped into this meme $RIBBIT
Still at 1.2 mil MCap
If PEPE keeps running like it has, this seems to me like the next decent small-cap frog meme
Maybe this one reaches 100-200 mil Mcap if memes continue to go crazy this cycle
$KIBA call from the Academy yesterday
Since the memes are running wild, thought to punt a lagging meme
Update: 2.5x in a day :)
Probably can hold onto this for the entire cycle if you got that entry yesterday
Cheers !
$PEPE at 3x now from entries shared in Free TG group
$BONK Breaking out from entries shared earlier this week (on chart request by one of the members)
Come join us for some TA and fun :)
https://t.co/DHScaL53hA
Did you miss this $PEPE chart that @BTC_Bubble posted in the FREE Telegram yesterday? If so, you're missing out!!
Join us today:
https://t.co/QoKiDXoLgb
#crypto#eth#meme
Follow my man Mojo for unique insights for comparison of TradFi markets with the Crypto market and some underrated FA gems for this Bull Cycle
He has been on point most of the time and has a great sense of the longer game!
THE GREAT DECOUPLING
Below is a weekly study of the correlation between
$BTC and $NDX from the end of the last market cycle Every blue box representing a week where they were uncorrelated
Since I entered the space in 2017 I’ve heard people talk at length about how #Bitcoin will become a hedge against traditional markets and inflation
But in reality it’s always been macro correlated to the stock market. Especially #NASDAQ100
Over the last year I noticed a Decoupling of $BTC and $NDX
A week or two at a time isn’t uncommon but I’ve been watching these get longer over the last year.
As the “be your own bank” and “better currency” narrative grows, along with big players getting involved, this decoupling will become more and more pronounced.
These occurrences were quite significant over the last year, but in comparison to what we’ve seen over the last months, they seem quite insignificant.
Not weeks at a time but months. And much more frequent.
From around 12% uncorrelated to around 70%
That’s around 6x over the last 7months
Now over the last few weeks as stocks turn Bullish and $Dxy is breaking down $BTC is pumping with $NDX
I believe this is the market cycle where #Bitcoin truly begins to forge its own path and truly becomes a hedge against the failing monetary system
#HODL #BTC
A winning mindset is the first thing I teach and the most important part of becoming a successful trader/investor. Here are 12 tips for cultivating that mindset 🧠
🧵🪡
#tradingpsychology
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Mindset & Trading Psychology
Risk Management
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Knowing when to play Aggressively/ Risk On
and knowing when to play Defensive/ Risk Off is absolutely the most crucial thing in the market
In crypto, every 4th year is the one where u survive!
The easiest way to survive is to do absolutely nothing.
Most people will do better sitting on their hands in this market rather than trying to trade
Sure DCA key Alts & take risk managed opportunities that arise but above all: Preserve capital for when easy mode returns!
Use the time wisely to improve your charting & paper trade etc