* Relative Strength Thread *
Let me explain the spaghetti and how I use it to trade $ALTS.
This chart shows the return of certain alts during the selected period (i.e. from the far left).
For the time period selected, Fartcoin would have given you the best return.
This Paragraph From Reminisence book literally changed my trading life.
1. Take 100 charts everyday.
2. Write down every observation about it in a notebook. Write it with hand.
3. Mark the levels of interest and how you expect the price to react, where the price can go and how it'll behave at your target.
4. At what level you'll buy and what price Action you expect there.
Jesse did it everyday when he was 15 and he had an obsession. You should too.
This was the most life changing ritual I learnt from the reminesence book and life never was the same.
Do it. Everyday. 100 times. See your mind transform for better.
Book suggestions for active traders:
1. The Alchemy of Finance
2. The Laws of Trading
3. Trader Vic methods of Wallstreet
4. Reminiscences of a Stock Operator
5. Rise of Carry
6. The Misbehavior of Markets
7. The Mental Game of Poker
8. The Man Who Solved the Market
9. Fooled by Randomness
10. Best Loser Wins
11. Trade Like a Casino
We've surpassed 6000% ROI on this and have almost captured the entire $1000 move on $ETH.
I'd absolutely kill to long near the mid range before things go insane but have a feeling that won't happen.
Giving away 50% of the pnl of this trade to someone who has been engaging with these posts.