Trader Jake

[Trader Jake @TraderJKE]

@TheCryptoDog Too long to type here, check DM ✊

[Trader Jake @TraderJKE]

Could it be this simple? #BTC

I still think there's room to squeeze higher. A 50-60% retrace of this rally to reclaim prev range lows ~18.5k should shake out late longs and make bears comfy again. Then rip to 28-30k June 2022 lows which was never retested after break.

[Trader Jake @TraderJKE]

Crypto holders feeling good today 📈

[TraderNick @tradernickfx]

I was having a conversation with a trader about his trading performance last year.

He made ~9% in returns for the year, and was disappointed he didn't make more.

To his surprise, I told him he's actually done quite well. Here's what I told him:

[Trader Jake @TraderJKE]

@tradernickfx Crushing 📈📈

[Trader Jake @TraderJKE]

The biggest mistake new traders make is trying to grow a small account into a big account fast. They end up in a cycle:

Small account > High risk > Blow up account > Back to 0 > Repeat

Instead, they should focus on slow compounding gains over time. Play the long game…

[Trader Jake @TraderJKE]

Why do you trade?

[Trader Jake @TraderJKE]

The easiest way to improve your trading this year is to plan your entries. Don’t open the charts and hop into a trade. Make a plan, set alerts, wait for the right conditions.

[Trader Jake @TraderJKE]

Happy New Year! What are you gonna do with it?

[Trader Jake @TraderJKE]

I swear some of the best workouts you’ll ever have are when you’re sick and would rather be doing anything else. Amazing what your mind can drive your body to do when you push through pain/weakness.

[Trader Jake @TraderJKE]

At family dinner and the boomers are making jokes about crypto. Either we’re close to a bottom or this is the worst timeline 😂

[Trader Jake @TraderJKE]

S&P500 looks pretty straight forward. Ran the highs of channel, broke structure, and looks ready to continue to the downside. Intra day setup for next week potentially on the retest. $SPX

[Trader Jake @TraderJKE]

As a trader you’re not gonna be able to catch every move the market makes. Sometimes there will be great moves you miss, it’s part of the game. Do you have the discipline to stick to your strategy and be patient after missing moves?

[Trader Jake @TraderJKE]

Market is pricing in a slow down of rate hikes. USD initially gained strength on Powells hawkish comments, but we’re seeing USD weakness now as the market prices in a slow down of restrictive policy into 2023.

Overall, nothing crazy, pretty much as expected today.

[Trader Jake @TraderJKE]

Most important question now is “No longer the speed” of rate hikes.

- Powell

[Trader Jake @TraderJKE]

Powell mentioning inflation goal of 2% numerous times, and saying “we will stay the course until the job is done”

Not sure this “Fed Pivot” narrative has legs anymore for the time being.

#FOMC

[Trader Jake @TraderJKE]

Paddy fight was rigged… That’s that Dana privilege right there. #UFC282

[Trader Jake @TraderJKE]

Most people have the wrong idea about trading. The goal isn’t necessarily to “predict” the market. It’s good enough to catch momentum once it’s already been established. And if you can do that with a decent win rate, and good risk/reward, you’ll be very profitable.

[Trader Jake @TraderJKE]

@Pentosh1 Friday NFP and unemployment rate gonna be crucial. If jobs numbers are still still decent, we get another 75 in December. Only way we get 50 is if jobs get hammered imo.

[Trader Jake @TraderJKE]

@depression2019