The psychology behind why retail traders fail:
It's not lack of knowledge.
It's not bad strategies.
It's not market manipulation.
It's this: You're trained from birth to be right, but markets reward being wrong correctly.
Let me explain... 🧵
[🌲] President Trump: Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA: Truth Post
As a confident trader I feel the need to say that this cycle is really hard...
Like, Im really glad I have the skill to short term trade because it's saved me so far when my long term portfolio just keeps having such large swings.
It's exhausting trying to keep the faith all the while watching your alts look like they're about to take off, only to then not...
It feels like we're always waiting for something for alt season...
Wait for the election...
Wait for the FOMC meeting...
Wait for rate cuts...
Now we're waiting for inauguration...
Always waiting, waiting, waiting...
So yeah anyway... just wanna say if you're thinking this cycle is tough, then from a pro trader, I have to agree with you that it is.
Fingers crossed 🤞
What the hell is going on in the US Senate? Hours after Donald Trump wins the most conclusive mandate in 40 years, Mitch McConnell engineers a coup against his agenda by calling early leadership elections in the senate. Two of the three candidates hate Trump and what he ran on. One of them, John Cornyn, is an angry liberal whose politics are indistinguishable from Liz Cheney’s. The election is Wednesday, it’s by secret ballot, and it will determine whether or not the new administration succeeds. Rick Scott of Florida is the only candidate who agrees with Donald Trump. Call your senator and demand a public endorsement of Rick Scott. Don’t let McConnell get away with it again.
The 2024 Pennsylvania Republican vs Democrat vote is now over 500k better than the same day in 2020, when Biden’s victory margin was only 80k!
Moreover, yesterday there were more Republican early votes than Democrat.
Pennsylvania will be a decisive Republican victory.