The Sidelinoor Thread 🧵
Sometimes you feel frozen out of the markets. Price never returns to your levels, you miss each move higher, your alts never seem to move, when you close the position down they moon.
Common feelings for many.
I'll give some advice.
Bulls:
+ Excited about the Weekly candle
+ Great reclaim of $1500
Bears:
+ Just going to print a lower high
+ Nice short squeeze into the former consolidation highs
Add in Monday open and CPI Tuesday and this week is shaping up to be a monster.
In my trading I try to make the smallest number of assumptions and instead take the market for what it is
Support is support until it breaks
Resistance is resistance until it breaks
A breakout/breakdown is valid until it fails
The trend is intact until it's broken
A lot of people fall into trading as part of a process when they start learning about investing.
Lack of knowledge and understanding of trading turns to gambling which fuels addiction.
Many would probably be far more successful if they just invested and learnt how to sell.
I don't think it's really about continuation at this point. Everything looks awful.
It's whether equities all pull a $TSLA and simply fail to find any buyers.
The inefficiencies are present everywhere.
Cliff edge, will see where they find a ledge to stop the fall.
🧵A THREAD:
Key to a successful crypto trading journey and how to avoid the retail trap.
Sticking to a simple set of rules is a lot easier to talk about than to do, there is always a devil on your shoulder telling you what to do.
Here is how to avoid the retail trap:
Albert Einstein said: There are five ascending levels of intellect: Smart, intelligent, brilliant, genius and simple.
#SRC is simple. You can learn all the rocket science about price action, all the ways how banks or institutions SUPPOSEDLY trade, but ! Simplicity wins.