The #Bitcoin four-year halving cycle is active.
A break below $55,000 would increase the probability of a generational bottom near $35,000 forming between September and October this year.
@sheetalbytheway In the War of Survival, your enemy is the market—and your ignorance of how unforgiving it can be.
In the War of Evolution, your enemy is stagnation. The market changes, and if your ego refuses to change with it, your edge disappears
3 BATTLES THAT DEFINE A TRADER'S JOURNEY
1. THE WAR OF SURVIVAL - Most traders never get past this one.
- protects capital
- accepts that losses are part of the game
- stops trying to get rich quickly
- survives the bad phases
- learns that staying in the game comes first
2. THE WAR OF EVOLUTION - This is the longest war.
- strategy must evolve
- market conditions must be understood
- ego must adapt
- experience must replace excitement
- mistakes must become data
- consistency must become more important than big wins
A trader who stops evolving eventually becomes a trader the market has already figured out.
3. THE WAR OF DETACHMENT - The rarest war.
Once a trader becomes profitable.
A new enemy appears: himself.
Greed. Overconfidence. Bigger positions. The need to make more. The belief that he has finally figured it out.
Many traders lose in this phase what took years to build.
First war keeps you in the game.
Second war makes you better.
Third war determines whether you can stay profitable.
The #Bitcoin four-year halving cycle is active.
A break below $55,000 would increase the probability of a generational bottom near $35,000 forming between September and October this year.