High Impact News for Sept 16โ18
A big week for traders: CPI, Retail Sales, BOC, FOMC, GDP, and more are on the calendar.
Markets could get volatile, are you trading or staying out? ๐
This is probably the easiest market structure explanation youโd come across.
Retweet for others ๐
Give me 5 minutes ๐
Open the whole thread ๐
We've seen innovative tools for Discord.
Heck, we've had a ton of solutions for Telegram.
But now it's time for the very first tool designed specifically for X space.
Introducing @EaveAIโ your no-nonsense guide to the top Web3 discussions.
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I met a beginner trader who would always pray when his trades are in losses
I know this trader is spiritual and I know for sure that this isnโt how he ought to tackle the situation
So this day, he was at it again, this time around the trade was in bad loss
Then I decided to ask these questions
Letโs say he was about 70% down the capital
1: Did something in your mind/ heart told you to close this trade when it was at -10%?
He said YES!
But why didnโt you close it?
He said, he felt the trade is sure
2. I continued with my question; At -40% did that same thing told you to close the trade and let go?
He said YES again
Again, I asked why didnโt you close it?
He said, I canโt lose this money, I trust God will move this market in my favour
3. I told him; you know at a particular point in time, before this trade got this worse, there was a bit of retracement which took you back to -15%
Why didnโt you close it?
As any trader, he was hoping for BE
4. Finally, I asked, in all this turmoil, did this voice kept coming over and over again suggesting you need to stay out of this trade, right?
He said YES.
Then, I asked why the fuck are you still praying?
He said, I believe God would help me
I said look; God is just, is it until he comes out from heaven to move the market before you know he has already been talking to you?
He has been talking to you all this while and you chose to ignore him.
He doesnโt interfere with affairs of men, he suggests, instructs, corrects but he will not come down to move the market in your favour after you chose to ignore all his wrongs
Then I said, moreover why didnโt use a stoploss?
I am pretty sure he suggested to you and reminded you you failed to use stop loss
But you ignored.
Imagine being seconds away from buying the next 100x coin, only to watch the price skyrocket out of reach because your Dex couldn't keep up.
It happened to me, and trust me, you don't want this.
Fortunately, @FalconXOfficial is here to make sure that isnโt you.
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Ever feel like you're swimming with the small fries in the crypto sea while the whales dominate the waves?
Donโt worry, youโre not alone. 80% of retail traders feel this way.
More importantly, I've found a solution that can help level the playing field.
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