If you survived a bear market you're now an OG.
Anyone that's been here from the highs to the lows that didn't get shaken out can now claim this title during the next run.
Congratulations on being part of this elite group. You've earned it.
They didn't buy at $3k because "it will go to $1k".
They aren't buying at $5k because "it's a bull trap".
They won't buy at $10k because "waiting for the dip".
They won't buy at $20k because "it's too expensive".
They will buy at $100k because "it's going to $1M".🤦♂️
#bitcoin
Come on people!!! It's time to brush up your basic math skills and run some f*^#$ng numbers!!!! It is mathematically impossible for Bitcoin to be less than $1 mil by the end of 2020. Bitcoin is not an effing stock!!! You can't apply stock paradigms or formulas and expect answers!
"Trading is a waiting game. You sit, you wait, and you make a lot of money all at once. Profits come in bunches. The trick is not to lose too much in between while going sideways between your home runs"
-Covel
People don’t like being told that the reasons they are shit are often quite simple.
Lazy
Lack of record-keeping
No rules
No routine
No discipline
If you trade like a punter you’ll have the equity curve of a punter.
1st step of profitability is taking trading seriously.
In trading the most popular mantra is "But low,sell high"
However, the more realistic and far more useful mantra will always be:
"Do more of what works and less of what doesnt"
So, let's get this straight: if a washing machine doubles in price, we call it inflation but if a stock doubles while the earnings don't, we call it "multiple expansion." And when the same happens to a lot of stocks? We call it a bull market. Something's off here...
Make all trading losses into trading lessons. Review and study each trade.
"Sometimes failure is merely chasing you off the wrong road and onto the right one"