"History clearly shows that virtually every super performance stock was in a definite uptrend before experiencing its big advance. In fact, 99% of them traded above their 200-day moving average before their huge advance and 96% traded above their 50-day moving average."
"Good trading is boring; bad trading is exciting and makes the hair on the back of your neck stand up. You can be a bored rich trader or a thrill-seeking gambler. It's entirely your choice."
"To have lasting success in the stock market, you must decide once and for all that it's more important to make money than to be right. Your ego must take a backseat."
"A good retail merchant doesn't hang on to dead merchandise, hoping a style comes back in a vogue a year later. If he's smart, he marks it down, gets it off the shelf as quickly as possible, and then looks to restock the shelves with something that everyone wants to buy."
"Investors usually become emotionally attached to their stock holdings. When their proud pick takes a dive, they can't believe it. They search the internet for favorable opinions to back up their faith in the company. They ignore the only opinion that counts: the market verdict."
When the market is under selling pressure and you are experiencing what I refer to as a "distribution dominate tape", breakout traders that use tight stops will get frustrated as stocks emerge, reverse and fail, usually during intraday strength that dissipates by the close or on short term rallies that fade after just a few days. Amateur traders get whipsawed during volatile periods, blame the strategy and think foolish thoughts like... "breakouts don't work anymore." No! You just suck at executing sound tactics at the correct time and you argue with the verdict of the market, or you are late to respond and adjust. Either way, it's your skill you have to build, and that takes time. Otherwise, everyone would be a millionaire from trading. Don't blame, take ownership of your results. Then you will cultivate the ability to respond effectively... responsibility. Good luck!
"In the stock market, you're playing probabilities, not certainties; that means you cannot be correct all the time. If you make more on your winners than you lose on your loses over time, that's all you need to accomplish to be successful."
NFTs are mass bleeding.
So long as there are @blur_io bid and and lend incentives, non-hodlers will step in as supply, which begets more supply.
And capitulation repeats. A quick look at Azuki, Degods, and MAYC🧵⬇️
4am. Cold shower. Gym. Protocols in. No caffeine.
No one cares about your excuses or problems, but you will always be judged and held accountable for your results in life all the same.
Shut up n get results.
Pound it back with a like and let’s get to it gents.
If you’re trading NFTs and crypto right now, you’re playing a losing game
There’s no new people entering the space
It’s simply a game of hot potato
On top of that, the people with the power are totally corrupt
If you saw how many DMs I get on a daily basis asking me to do undisclosed advertising for a meme coin you’d never trade meme coins again
The influencer culture is totally corrupt
Accounts popping up out of nowhere, botting to 100k, then asking for a million dollars for a mint
Alpha groups getting paid to “call” tokens without letting you know they’re getting paid
The game is a set up. It’s set up to take your money and not give it back.
I still believe blockchain technology is the future, but unfortunately at the moment it’s overridden by scammers
If you truly want to see the space succeed, be a builder.
Build products that actually provide value and improve people’s lives
Don’t buy the latest ponzi
If you see people posting charts of a coin, you’re too late, I promise.
One day Web 3 will take over. And when it does, the gamblers won’t be the ones on top. The builders will be.
Act accordingly
There's power in a narrow focus. Become a specialist. Know everything there is to know about a way to do something. Don't be afraid of being unbalanced; it's called specialized talent. I assure you if you become great at just one thing, your expertise will be rewarded.