Stop being frustrated at the slow pace of progress you seem to be making in life.
Behind all the shiny LinkedIn and Instagram updates from your contemporaries, they're exactly as broke and unhappy as you are.
Growth will take time. Give yourself time.
Your body is your biggest sign.
Are you feeling emotional, tense, tired? Your body is telling you to take time off, rest and refresh.
Are you feeling focused, calm, rested, and fresh? Then attack the markets.
Profitable trading only comes from a place of mindfulness, neutrality, and a rested body. So - pay attention to those things.
Are you watching your body when you trade? What are some patterns you observe?
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There are 4 Phases of a Bull market.
Weâre nearing the end of Phase 1. Here's how to play market cycles so you donât screw up your best chance at generational wealth.
Hereâs your playbook for:
1) Navigating each phase of the bull market
2) Maximizing your profits
3) and avoiding the most common traps.
/ PHASE 1: The Accumulation Phase
This is where weâre at and have been for the past year. The market bottomed out after Terraâs collapse, FTXâs collapse, and the scare of USDCâs depeg.
(Make sure you bookmark this post. You want to use it as a reference guide once the bull marketâs on the way. I wrote this for myself and am sticking it to my wall to remind myself.)
The worst is over (unless Binance / Tether fuck up).
Prices are boring and choppy. Big news barely moves prices, such as Paypalâs stablecoin. Right now, thereâs no new liquidity entering the system. No volatility. Itâs the same 500 degens PVPâing each other and trying to front-run each other to the next degen narrative.
This is the phase of preparation. Start putting the Chess pieces on the board to make your big moves. Plant your seeds now, and reap them during the bull market.
Action Plan:
⢠Accumulate good projects. Look for projects that you think will thrive in the upcoming bull market. Projects with product/market fit, competitors' advantages, the teamâs still building, solid roadmap, and sound financial metrics.
⢠Save some ammo. Itâs tempting to ape into so many older projects. They look like a steal because theyâre -90% from their all-time highs. Hereâs the thingâŚmost of the best performers for the next cycle donât exist yet. People favor being âearlyâ to something completely new, than buying an older project.
⢠Donât Overtrade. Donât screw yourself over because you were bored and lost everything in Hamster races and Bald. You have to survive first before you can win. Donât play bad poker hands because youâre bored - wait for the good ones.
⢠Fill in the Gaps in Your Knowledge. The bull market isnât for learning. The bull market is for picking money up from the floor. This is the time to be learning. You donât want to hear about a new protocol building on top of GMX, but you have to spend a week catching up on the basics of GMX during the bull.
⢠Monitor liquidity. Look for inflows to CEXâs. Look for Stablecoins being deployed. Look for DeFi TVL increasing. Look for the size of the Cryptoâs overall market cap to increase. More liquidity means things are shifting.
/ PHASE 2: Early Bull Market
The prices start rising, and the bears will be in disbelief. Capo will pop up every 2 months, talking about how $12k BTC is coming soon.
What screws people over is disbelief. Their bear market PTSD holds you back from making gains. Ironically, the earlier in the cycle you are, the more risk on you should be before the crowds are here.
What Can Cause a Bull Market to Trigger?
⢠Major events such as BTC or ETH ETF getting approved. Or a new country adopts BTC as legal tender.
⢠BTC halving is coming in 2024. The past doesnât guarantee the future, of course. But if enough people believe it thenâŚ
⢠New primitives. The previous cycle had DeFi and NFTs. Whatâs going to be hot this cycle? GambleFi? TelegramBots? NFT comeback? GameFi? RWAâs? Most likely theyâll be a few sectors we havenât even begun to imagine. Think of things like Axies Infinity or Stepn, but with better mechanics.
⢠Macro Changes. The Fed pivots and stop raising interest rates. This allows more liquidity to enter the markets potentially.
⢠Regulatory Changes. The U.S. and other companies can provide more transparent and more crypto-friendly frameworks.
⢠Lowering of Friction. Itâs still a pain in the ass to onboard normies. Better wallets, account abstraction, and more newbie-friendly dapps will help.
⢠The Far East. Crypto Twitter has an extreme bias towards America. Itâs why most of CT doesnât âgetâ why Tron is so popular (Itâs used heavily in Asia). Donât fade the power of Korean degens, and Hong Kong becoming more Crypto friendly.
It just takes a major single event to trigger the domino effect.
A few degens start making some life-changing money. They upgrade their lifestyles and tell everyone about it. And then this slowly spreads across their network.
Action Plan:
1. Cut your Losers and add to your winners. Donât become emotionally tied to your bags. Just because a project did a 5x doesnât mean it canât do another 10x from there. Look at the metrics, momentum, and sentiment. Be brutal with cutting your losers.
2. Take profits on the way UP. No one can time the top perfectly. Donât try to squeeze every cent out of a trade. Create a take-profit system and stick to it.
3. Be careful of taking on too many risks. This is where people start using leveraging, tapping into their home equity/retirement accounts, or selling their BTC / ETH to chase shitcoins. You should be risk on, but donât be redacted about it.
4. Lower Your IQ - Some of the best performers will have the worst fundamentals. The tokenomics will be complete shit. But remember this: prices only go up when other people buy. And people are too stupid to understand the high iq plays. Donât mid-curve it.
5. Cult Leaders - This is where cult leaders start gaining power. They know how to pump tokens and sway emotions. Inevitably, cult leaders all seem to die off in the end. You can either hop in early for the ride and take profits before it crashes or avoid them altogether.
6. Donât Ignore Retail - Itâs easy to get caught up in the Crypto Twitter DeFi echo chamber where everyone circlejerks each other over âreal yield curve war flywheel effects.â Retail doesnât understand any of that shit. Go to places where they hang out like Reddit and YouTube comments.
7. Focus. Find a few sectors to specialize in. It's impossible to keep up with the entire market. Be ok missing a few bets, then entering too late and becoming exit liquidity. Build your squad now to cover your blind spots.
/ PHASE 3: Peak Bull Market
This is where retail users start FLOODING in. Theyâre entering phase 3 out of 4 (In their heads, they think theyâre entering Phase 2 out of 5).
Bull markets are self-reinforcing. As the price goes up, this drives fomo. Thereâs a positive feedback loop that keeps driving prices higher and higher.
Everything goes up. $10k in a shitcoin can turn into life-changing gains. You canât get a haircut or hop into an Uber without hearing about Crypto.
FOMO and Euphoria kick in. It feels like the party will never end, and all common sense goes out the window.
People start quitting their jobs to become full-time Crypto traders. Others will sell their house to invest in Crypto.
Everyoneâs in a fucking great mood.
Can you spot the top signals?
⢠Mainstream media starts covering Crypto. Youâll hear repeated stories about the guy trying to find his hard drive with 8,000 bitcoin or who bought 2 pizzas for 10,000 bitcoin.
⢠Financial Youtubers like MeetKevin, Max Maher, and Graham Stephen will start uploading 3+ Crypto videos daily.
⢠Mainstream brands like Pepsi and McDonalds will start mentioning Crypto for clout. Mainstream celebrities try to cash in through sponsorships or launch their NFT collections.
⢠Everyone's Flexing. Rolex Submariners on the timeline. New cars. When thereâs too much bragging on your Twitter timeline, your spider senses should be going off.
Everyoneâs going to try to convince you that this timeâs different. You have to fight against your instinct.
The most important thing during this phase is thinking about your exit plan. Be level-headed and realize that the partyâs not going to last forever.
Take chips off the table. Your future self is praying that youâre not an idiot. If you donât take profits, the markets will take them back.
/ PHASE 4: The Mark Down Phase
What goes up might come down - the peak of the bull run has peaked. And now everyoneâs wondering if that was the peak or if it will extend into a âsuper cycle.â
Theyâll try to tell you that this time is different - weâve finally gone mainstream! Watch for super cycle chatter, Bitcoin lengthening theories, or made-up charts. The cycleâs going to last a few more years!
Remember, everyoneâs financially incentivized to keep the party going. Have to keep the audience engaged for that sponsorship money. Must keep getting more liquidity into the shitcoins.
And there will be moments of glimmer and hope. Bitcoin peaked in November 2021. But there was still action with OHM forks, FTM / Solidly, and Luna.
Once prices crash, this is where Capo emerges to say, âI told you so,â after missing the 2-year bull cycle and generational wealth.
/ What Gives me So Much Conviction That There Will Be Another Bull Market?
Iâve staked my career and the next decade of my life to DeFi. I have the utmost conviction in this space.
Iâm going to make it simple.
Life fucking sucks for the average person and is getting worse.
⢠Credit card debt at a record high
⢠Everyoneâs debt is at a record high
⢠Student loan re-payments are starting soon
⢠Credit cards interest rates are at a record high
⢠Interest expense on debt to reach record high
⢠Average monthly payment for a new car at a record high
⢠And donât get me started on housing prices
Society and culture have turned life into ultra-hard mode for everyone. Going to college and getting a job isnât enough to survive and own a home. The cost of living keeps rising, and the middle class is disappearing.
All this is happening while societal pressure to succeed keeps increasing.
No one in the new generation is interested in maxing out their 401k and getting rich when theyâre 65 (Iâm speaking as a Boglehead).
They want to get rich now. Everyone wants instant gratification. Everyoneâs dopamine receptors are fried. Thereâs pressure to show off a fantastic lifestyle and to show everyone youâre the main character.
BasicallyâŚhumans are greedy and will want the 100x.
Cryptoâs not just selling a new financial infrastructure - itâs selling dreams. And thereâs no faster way for people to realize their dreams than Crypto.
Crypto is our best chance of making it and not just settling for a life of survival.
P.s. If this would be useful to your audience, then help me out by giving this a retweet.
GBPUSD 2017-2020 Feb price action
WEEKLY, DAILY & 4 HOUR TIMEFRAME
Studied, STRUCTURE, LIQUIDITY and my entry models
in case you see me murdering the markets again next week, know I did put in the work first
STUDY HARD, TRADE EASY
The more you procrastinate, the farther you get from your Dream Life
Maybe you wouldâve discovered your edge last 3 months & even made your first million from Forex market
But you procrastinated on backtesting
Youâre still procrastinating now
Fix up. Youâre a Royal priesthood
Thread đ§ľ
I am a fulltime ict/smc trader with almost 10 years experience in the markets đ¤
I am a multi-millionaire đ°
I trade fulltime it is my main source of income đľ
Im going to give you some of the biggest lessons I have learned along this journey đ
Read on...đ
4 things I learned while studying GUâs past price action
*the higher timeframe is powerful asF
*my entry method works like đĽ
*lower timeframe is the reason most people aren't profitable
*2017-2020 price action was easy,
if I knew how to trade then, Iâd make so much money!! Than I'm doing ATM
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