Things I did subconsciously from 2022 to 2023 that I conquer this 2024đ
1. I use market order before the price goes to my entry level.
-I'm waiting for my limit order 100% of the time
2. I add my size whenever price comes back to my entry level.
-Never add on losing position
This afternoon I will be producing the most important video I ever will make or ever made.
The majority of you know me as The Inner Circle Trader and Trader/Mentor/Influencer.
Behind that persona is a simple man who walks with God and has some incredible experiences as a result of it.
If you don't know, I operate another Youtube channel BereanStudy, where I teach and share God's Word.
I know most of you are tuning me out - right about here. I understand if this feels unrelated to your personal interests or time in this life... but that is a mistake to feel this way.
I have had the absolute pleasure and honor to lead unbelievers, atheists, Jewish and Muslim students to The Lord Jesus Christ by my platform as ICT.
The majority of you know I went out on the internet and said some pretty wild things that were coming and they did. In 2019 July, October and December of that year I warned something worse than Sept 11 was coming.
In March 2020, the entire world lost its everloving mind. No one was talking about the things you seen headlined over the past few years, from Russia, China, the present fall guy in office, Gold and Silver vaulting higher and even the ufos!
I did.
I lost students over these warnings.
I was attacked both online and in my personal life.
Yet, what I warned came to pass.
What I want you to understand right here and right now is... the Lord is coming soon. If you don't have your house in order, you are a fool.
If you doubt His existence but believe in an Algo in the markets... you missed the point here.
He is my secret. He is my Source.
He is my Lord and Saviour and He is the Only True God and you are going to see what He is going to do soon.
If you don't have your eternity sorted out right now... I invite you to listen to me later today... it is more valuable than any trading lecture or profit you'd ever make.
We are about to enter a very hard time and don't allow the concerns of others judging your decision, your family tradition or religion ensnare you here to endure it all.
While we are here... we labor and occupy until He comes. Do for yourself, provide for your family and invest... but make yourself ready.
It is coming.
Thereâs a reason this is my cover photo.
Iâve never seen an image capture the essence of trading; or frankly, growth in any pursuit quite like it does.
You spend years working. Progress feels slow & invisible. You have wins along the way of course, but the bigger picture often looks like a flat line: a stretch of effort that seems to lead nowhere.
Then, almost without warning, the curve bends & momentum builds.
Thatâs been me over the past year.
Iâve had moments of success before, and plenty of setbacks too, but the acceleration Iâve seen in the last 6-12 months has been something else entirely, and yes, it comes with a healthy dose of imposter syndrome.
But thatâs the paradox of growth: the more you evolve, the more aware you become of how far there is still to go.
@MacnBTC read comments like 4.5% you will not beat inflation , fugging retard, can't people see the 450k per year for a comfort living life than risking everything
A life lesson I wish I learned earlier: A farmer doesnât dig up his seeds every day to make sure theyâre growing. He plants, waters, and waits. You canât rush what needs time to take root. Growth hides beneath the surface long before itâs visible above it. Remember that.
THE REAL EXPLANATION OF WHY SO MANY CRYPTO TRADERS BLEW UP
Iâve been fascinated by the crypto saga and also peopleâs reactions to it. Many people try to rationalize the action and paint those involved as idiots or unskilled.
There is no better book to explain what occurred than Psychology of Money by @morganhousel
Most traders think blowups happened because of bad risk management or the leverage. Sure, but thatâs only the first-level cause. Or if anything, itâs the symptom.
The real cause is psychology. Even the best traders build risk systems, but those systems can often fail when the mind that built them starts overriding them. Risk management fails because human nature takes over when money, ego, and the social media-fueled comparison enter the equation.
One notable crypto whale was on a race to $100M in profits. In anchoring to that arbitrary goal, much like I took my biggest less anchoring to an arbitrary goal, he proceeded to blew up over $60M.
Neither of us are idiots or unskilled. Psychology truly drives most lapses in decision making and the biggest losses of money, not a lack of intelligence or strategy (case study - read about the Long-Term Capital Management saga)
Morgan Housel wrote, âFinancial success is not a hard science. Itâs a soft skill, where how you behave is more important than what you know.â That single line explains why so many smart, experienced traders still blew up during the crypto boom.
As crypto has been on a year-long surge, Crypto Twitter became filled with traders posting seven-figure or even eight and nine-figure profits. Your friends, your community, and your social comparisons in that world started to get rich very quickly - especially the most levered ones!
When that happens, it triggers the most dangerous emotion of all⊠envy. As Housel says, âPeople donât want to be rich, they want to be richer than their neighbors.â Social media makes that worse. Suddenly your âneighborsâ werenât just people you knew, they were anonymous avatars showing 100x gains and exotic cars. That comparison game normalized leverage and extreme risk.
Stories of traders turning $100k into $50m werenât warnings, they became goals. Wallstreetbets does similar. But those traders do it with massive leverage, and now many of them are gone.
âThe hardest financial skill is getting the goalpost to stop moving,â Housel wrote. In crypto, the goalposts were moved so far back that risk of ruin for many became an inevitability.
Nothing is more powerful than ego and status. Judging our own place in that world versus where others stand comes to replace self-worth. Especially in youth and those that are most financially vulnerable.
Fridayâs collapse wasnât manipulation. It wasnât Trumpâs fault. He was just the spark. It was an inevitability due to the amount of leverage built up in the system.
That leverage was the result of unchecked psychology multiplied by social contagion and leverage. âWealth is built quietly and destroyed fast,â Housel wrote. And crypto proved it.
If you donât master your psychology, no system will save you. Markets donât punish ignorance as much as they punish emotional inconsistency.
If you havenât read The Psychology of Money, itâs one of the most important books for traders to understand why behavior, not intelligence, determines survival. And Morgan Houselâs new book The Art of Spending is out now. Iâm reading it and loving how it explores what to do once you finally master making money.
Stay safe this week everyone đ
Start to appreciate Ms. Sebastian for taking precaution with her risk profile...
no matter how good it seems, any investment vehicle must be based on your risk profile.
once you will take more risk, that's where emotion kicks in.
isipin mo na lang,
tayo kapag na late may kaltas.
pag nag out ng maaga may kaltas.
nag hire sila ng auditor pero hindi nila na audit.
nag hire sila ng security / intel pero hindi na poproyektanan.
pero sahod nila buo at mabilis lumaki.
Michael H.
talks about this before,
looting will come into your place,
Get your money right,
prepare for worst,
get your food and water in order,
Do not put target in your head (buying things that people hate you to have)
Do not share any possession
#1
Becoming a profitable trader wonât be easy
People go to university for 4 years to get degrees for $40k/year jobs
If you think youâll be able to learn a skill that can bring you an almost unlimited amount of money in just a few months, youâre kidding yourself
Of course it wonât be easy
But itâll be worth it if you stick to it