Francesco Lontri

Meet me

[Francesco Lontri @LontriFrancesco]

@CryptoMichNL Sell your alts once for all buddy, I am saying this for your mental health

[Francesco Lontri @LontriFrancesco]

@pk79z I guess this guy is doing pretty good right now

[Massimo @Rainmaker1973]

An extremely smooth cut

[📹 Elijah Storm]

[Francesco Lontri @LontriFrancesco]

Just became the #4417 backer of Just Like You from @annikarosesings on @soundxyz_
https://t.co/mXUlS0SZrk

[Francesco Lontri @LontriFrancesco]

I just purchased Cooperation is king from @AnimakamiNFT via @manifoldxyz

https://t.co/Qw9LSbwSNA

[Cred @CryptoCred]

Started trading lower time frames again recently after a long break.

Immediate observations:

--Uncomfortable being offside

--Poor ability to hold good entries even to conservative targets

--Managing trades unnecessarily (related to the previous point, usually in the form of taking profit early/without letting the original idea play out)

Solutions:

--Keep trading frequency on the higher end to regain trading 'muscle memory' and sync with the market

--Become even pickier with entries so that being offside has a higher probability of being signal as opposed to noise

--Only manage trades if a clear 'signal' emerges

General remarks:

--When trading lower time frame stuff, you're usually trading smaller rotations. That means less room for error if the payoff is going to be worth it i.e. more precise entries, tighter invalidations, and more conservative targets.

--Trade management is still important but should be used much more sparingly than with higher time frame swing trades or larger rotations generally. With lower time frame stuff, there simply isn't a lot of 'space' between your entry, stop, and target - so there is a higher chance that what happens in between is noise as opposed to signal. I generally lean towards letting the trade 'play out' vs intervening in a very narrow range.

--You can still use higher time frame levels for lower time frame trading. Most of my execution is on the M5 but often the levels are M15/H1/H4 and even D1. The main difference is given I'm executing on the M5, I like to buy below support/above resistance on the anticipation that I'm buying the lower wick of the higher time frame support/selling the upper wick of the high time frame resistance.

--R:R is a bit of a meme in this context. Especially when you consider the higher trade frequency and lower risk per trade. As long as there's at least 1R available, I'm punting. Higher probability + higher frequency compensate for the lower R:R.

Dunno if this is useful at all and it's not some glorious PnL card, just thought I'd share some of my ongoing experience as I get back into the nitty-gritty of things.

[Nassim Nicholas Taleb @nntaleb]

When I said pple lost interest in bitcoin, it was based on this: BTC Volume is slowly disappearing, down >85% from the peak.

As volume drops, manipulations become easier but, at some point, manipulators will need to exit.

This is how Open Ponzis implode.

[Francesco Lontri @LontriFrancesco]

@CryptoCred @CryptoCred you saved me more money than my ex wife’s new husband did we me taking away my wife from me. And that’s a lot I can say you man.

[Francesco Lontri @LontriFrancesco]

@JohalMiles @GShodl The chart attached doesn’t indicate properly halving periods I guess

[Francesco Lontri @LontriFrancesco]

@ElonMuskAOC 64774€

[Francesco Lontri @LontriFrancesco]

@vrutrecht Ma in inglese?

[Donut Operator 🍩 @DonutOperator]

@LilithLovett Daaaaaamn that dog came so close to room temperature

[Francesco Lontri @LontriFrancesco]

@abetrade @AltcoinPsycho Thanks Adam, clear and direct as always 🙏

[Francesco Lontri @LontriFrancesco]

@Pentosh1 Who are you considering the enemy that Sung tzu mention many times? The market itself, the crowd, the bears.. or someone else? Thanks in advance @Pentosh1

[Francesco Lontri @LontriFrancesco]

@Chianti_mipiace @maj_kong @RaphaelRaduzzi @esaagar Ma diglielo un po’ a sti americani del cazzo dai, quanto sono ridicoli

[Nassim Nicholas Taleb @nntaleb]

With bitcoiners, Covidopaths, Trumpobarbarians, politicians, etc., conclusions are invariant to information, but reasoning & methods change.

In science, scholarship, business, & trading, conclusions change with information, but the method stay the same.

[Nassim Nicholas Taleb @nntaleb]

Zero is much, much closer.

[Francesco Lontri @LontriFrancesco]

@imawful69_ hello

[Aadit Sheth @aaditsh]

Elon Musk is a big believer in First Principles Thinking.

Not just Musk — Jeff Bezos, Peter Thiel and Feynman too.

Here's what it is, how to use it, and become better at it: