anon dough

Round trip connoisseur

[anon dough @anon_dough]

@MoonOverlord Nice! I just pulled this haul from the garden

[anon dough @anon_dough]

@Pentosh1 @PeterSchiff @Tradermayne

[anon dough @anon_dough]

America

[anon dough @anon_dough]

@Tradermayne @uniqueskillz123 Don't be mad cuz Kendrick just shit on Drake's Canadian ass

[Mr. Anderson @Truecrypto]

I’ll make a deal with you. If there is an evident demand for this

If this post receives 1000 likes, I’ll create a long video in which I clearly build a system right in front of you and prove to the vast majority that you can learn to trade with an Edge in EVERY market.

I see charts with nothing but a big arrow on them receive 1000+ likes each day, and this would be time-consuming, so if it doesn’t get 1000 likes, then there simply isn’t a demand for it.

I’ll leave it to you to decide.

[Cold Blooded Shiller @ColdBloodShill]

RSI Masterclass video.

Make sure you're up to date on all things to do with this basic, but incredibly helpful indicator.

https://t.co/auaP6olwNa

[Bob Loukas 🗽 @BobLoukas]

One piece of advice for young people starting a family.

Don’t go seeking the “big house”. And don’t view the primary home as an investment, as you’re told it is.

Buy something modest and affordable, and make do. Reduce the stress of repayments and plow ALL that extra cash into your investment journey.

You’ll have to make do with the smaller house compared to your friends. You won’t have the flex. But within a decade, you’ll be compounding at an accelerating rate. And your options will be plentiful. While your friends look for a bigger McMansion to flex, they will be buried deep into house and living paycheck to paycheck.

This is important because early on housing is such a large monthly nut. It all but consumes your investable ability, at a time when the earlier you start meaningfully investing the far better off you will be.

Yes, I know that requires a little sacrifice and looking “long term”, something many are adverse to doing. But that time comes around, and have options and flexibility when you’re older and wiser is far more powerful.

[anon dough @anon_dough]

@ColdBloodShill What site do you like to use for calls?

[anon dough @anon_dough]

@donalt Oh shit, the upside down duck is back

[Mr. Anderson @Truecrypto]

Edge-Based Signals Service

Next week I will open up my Edge-based Signals Svc to the public.

For the past year, these systems have managed to produce consistent returns.

Active Traders interested in no-cost access to this tool:

1⃣Like
2⃣Retweet
3⃣ DM for details

[Mr. Anderson @Truecrypto]

Simplified rules to profit as a trader

1. Never add to a loser
2. Add to a winner only
3. Let profits run
4. Cut losses fast
5. Don’t pick trend changing tops
6. Don’t pick trend changing bottoms

And most important of all:

7. Let the market make the decisions, not your ego

[anon dough @anon_dough]

@Tradermayne

[Cold Blooded Shiller @ColdBloodShill]

Trading Addiction

You're addicted. People don't like the term (more about that later) but unfortunately it's true. This thread isn't to make you feel bad, or to shame you, it's to hopefully try to assist with eliminating the negatives.

Sometimes that's good, sometimes that's bad. You'll go through various methods for justification but you also need to accept some of the truth to make better financial decisions.

A topic I've written about so many times but we're due for an update and a deeper dive into the new mechanics at play, along with the education for the new market participants.

Let's start with the classic addiction symptoms, firstly the real-life interrupters:

- Compulsively checking your phone for charts
- Unable to complete normal, everyday tasks without checking your phone in between
- Checking your phone in the middle of meals
- Doing one task on your phone and getting distracted half way through to look at charts
- Muscle memory loading up charts on autopilot when you unlock your phone
- Needing to keep your phone on charts when in the shower or somewhere else and finding creative ways to enable you to do that
- Telling your friends/family it's "work" or "important" and that you need to be on your phone
- Getting angry that you have to do something that breaks your time from access to a phone/charts
- Not listening to conversations or being distracted just staring at candles

And now the trading symptoms:

- Entering and re-entering the same position multiple times based on no change in setup
- Throwing money into coins based on small impulses on the LTF
- Throwing money into coins based on a green candle appearing to be moving fast
- Looking to utilise leverage whenever possible to hit bigger wins
- Never wanting to close or sell a position because "what if it goes higher"
- Starting to do the mental calculation for how much profit you'll have if your coin reaches a certain price
- Rotating between multiple coins all the time in the hopes of catching a big move but capturing none of them
- Always feeling "late" to coins and to moves in the market
- Feeling overly emotional about your positions and necessity to have access to an exchange

There's more examples but hopefully that's captured enough of them for you.

Let's break this down, remember the idea was not to shame you, it's to try and help.

Firstly, not all addiction is bad addition when it comes to trading. The majority of us are addicted, whether that's through the close ties to gambling or because of a genuine love and affinity for the world of crypto.

You have to learn to harness the good addiction, you have to have power over your actions and understand the differences between the good and the bad.

Spending time searching for opportunity = good

Blankly staring at a 5m chart entering and re-entering a position on max leverage = bad

You can see the common split here so I can leave you to come to your own conclusions about a positive use of time in this space and not something that's simply based on addictive gambling qualities.

Typically positive or good addiction doesn't actually involve money at all, it involves time. The longer you spend researching before actioning typically leads to better decision making, you're slower, more patient and have more information when it comes to putting money on the line. And you need to have that. You need to put the time in. Success doesn't come without earnings your stripes.

Addiction and impulsiveness are closely tied so our bad addiction qualities usually come from the decisions we make because we believe there will be a quick and very positive response from them.

FOMO into coins
Buying because someone tweeted
Attempting to use high leverage and getting chopped up

Impulsiveness is linked to time. Many people are in a rush to "make it" - they operate at 100mph constantly in the hopes of hitting it big. Giving themselves incredibly small time horizons for success.

We have a combination of addiction, impulsiveness and unrealistic time horizons.

Now the thing that really seals it for a lot of people is justification.

The justification side is very important to understand for addiction purposes. If you've found yourself justifying your actions because you believe they offer huge opportunity, like SOL presales, it's often just the minds way to allow you to complete the dumb action. People add justification to try and avoid the gambling or addiction label.

We often justify our actions as a way of deceiving ourselves that the stupidity can be accepted.

"use max lev because this could be the breakout"
"this presale really will moon"
"all my buddies think this is a good idea too"
"a lot of people are talking about this coin now!"

Our minds typically always look for the positive outcome first, especially those rooted in this space. We are often optimists because of our risk tolerance and so we allow that optimism to encourage us (or at least tip the scales) to make decisions we really shouldn't. Again, look back to examples of leverage usage and how we can convince ourselves very quickly that "now might be the opportunity to get in!"

But of course, reasoned, well balanced justification is important which is why we're brought full circle to the good vs bad addiction.

Addiction is tough, it is very hard to break, but you can be addicted in a positive way. Slow down the speed at which you chuck money away by actioning on your impulses and instead divert that passion and love you have for the space (and the potential for opportunity) into researching, educating yourself and coming up with smarter more informed ways to use your capital.

The gambling capital spiral to zero is real. It haunts many people and unless you make changes to your actions, your dreams will remain unfulfilled.

Slow down.
Treat leverage sensibly.
Use your time wisely to make informed decisions.
Accept that success is built over many months/years.
Learn to change and adapt your negative behaviours.
Question your actions.
(And probably utilise spot and chill a lot more)

[anon dough @anon_dough]

@hentAIsolana 7cCfY4dkp3aKZ16MjgvdAYMeCydBQ9WCBAWbX2tYLZHU

[Cred @CryptoCred]

A few common mistakes in these conditions:

1. Excessive leverage. Specifically, introducing liquidation risk in assets that are regularly moving 10%-20%+ in a day. Let the volatility do the heavy lifting, not the leverage (or specifically, massively inflated position sizes facilitated by leverage that force you to use very tight stops or liquidate you on small moves against you).

2. Excessively tight stops. Same consideration. If you're targeting larger rotations in a higher volatility asset, being overly tight with stop placement can work against you. You don't want to create a loop where your idea is broadly correct, you get wicked out because you were LARPing as some 50R tick sniper, and then the market moves straight to your target without you.

3. Excessive rotation. If you're trying to make the most of a multi-week and multi-month trending period, you shouldn't be overly concerned with any specific 24H window of returns. It is a form of overtrading. It is also a form of FOMO. This also introduces the risk of creating a loop whereby you sell your bags to chase the strong stuff --> strong stuff consolidates --> the bags you sold moon --> repeat ad infinitum. Find some setups or ideas that you like and give them some room to breathe.

4. Mistaking consolidation for weakness. This is another version of time-based FOMO. Participants will infer that just because their bags haven't turbo mooned in a short period of time, the market is weak or they've allocated poorly. Instead, your rebuttable presumption should be that consolidations are a form of pullback and present an opportunity to buy stuff that eluded you when it was breaking out. Boredom and impatience do not necessarily signal weakness.

5. Excessive trade management. The degree to which you intervene in your trade ideas should somewhat mirror the time frames of those ideas. For example, if your trade is predicated on a breakout from a multi-week range, your targets and trade management time frames should be derived from (or resemble) the weekly time frame. That makes more sense than, for example, buying a large weekly breakout and setting a target at 15M resistance that's 5% higher and panicking over every red 5M candle.

6. Overtrading your core holdings. There are countless stories of traders getting very good swing and/or HTF positional entries but gradually fumbling them through trying to time every single dip and rotation that takes place on the way to their target. An unfortunately common version of this is selling 100% of exposure at some level in order to 'buy back lower'. This is particularly a strange choice when a trader's target is materially higher than the pullback they're hoping to rebuy. For example, if your ultimate target is 50% higher, is it worth selling all of your exposure in an attempt to time a 5%-10% dip? This can result in the market not offering the pullback that was hoped for, and now the trader is sidelined - this usually comes with a mental block, as buying back higher than you sold can be psychologically tricky/feels like you're chasing. In short, this is a form of overoptimisation. If you're bored and feel like gambling in between, use a sub account or @breakoutprop (disclaimer: I have a financial interest in its success) so you can scratch the trading itch without sabotaging yourself. Or go to the casino, get a hobby, whatever.

7. Excessive number of open positions. With every added position, your capacity to effectively manage any single position decreases. The altcoin market is still pretty tightly positively correlated, so you're more likely just spreading yourself thin rather than 'diversifying'. Focusing on a smaller number of higher conviction trade ideas and managing them patiently and judiciously is probably better than trying to catch everything at once and drowning in noise. If you want to spread yourself thin, go buy some Solana shitter lottery tickets i.e. X amount of $ across [large number] of memecoins/new coins that will either go to 0 or appear on your feed when you're up multiples. At least that doesn't take up your trade management RAM.

8. Allowing social media to materially impact your perception. It's PnL + leaderboard season. It may feel like absolutely everyone is winning massively all the time. Granted, the market has been very good unless you've been stubbornly short, but social media is still a highlight reel boosted by selection bias and survivorship bias. You don't see the fumbled entries, the break evens, the times traders got stopped at the bottom, undersizing great ideas and oversizing bad ideas, not pulling the trigger, and so on. As long as you're trading well and improving, don't try to speed run some arbitrary returns or net worth goal.

TL;DR
I ain't reading all that. I'm happy for u tho. Or sorry that happened.
stop writing essays nerd give me a ticker

[anon dough @anon_dough]

@MoonOverlord

[anon dough @anon_dough]

@MoonOverlord Stop sweeping them all moon I'm trying to scoop some

[anon dough @anon_dough]

Check it out

Referral code: 6DXYHZD

[Grvt @grvt_io]

It's time.

Ready to test the first-ever safe, self-custodial CEX on @zksync?

Closed beta will be invite-only - held in phases, starting with our ecosystem partners.

Early access testers are set to be rewarded.

Mark your 🗓️. March 19 is marching in.

[anon dough @anon_dough]

@Pentosh1 I tp'd too much at 58,500

[Watcher.Guru @WatcherGuru]

BREAKING: $60,000 #Bitcoin