Balaye.eth

#BTC, Young trader, trying to learn and improve each day
My tweets are not financial advice

[Balaye.eth @Balaye_eth]

TP hit on $XAU

[Balaye.eth @Balaye_eth]

@vulturetrades Trade

[Balaye.eth @Balaye_eth]

New and even seasoned traders often focus on the wrong thing, and don't get me wrong, myself included

You should focus on the process of trading instead of the outcome.

Did you follow your plan?
Did you manage your emotions?
Did you journal?

If yes, that's progress

[Balaye.eth @Balaye_eth]

Be honest:

Do you journal every trade?
🫡 Yes

🤷‍♂️Sometimes

🙄I want to

🙅Never (but I should)

[Balaye.eth @Balaye_eth]

Last week:

I took 5 trades.

Only 2 matched my plan.

The rest? Emotional, FOMO, or revenge trades.

This is why journaling matters.

You can’t improve what you don’t measure.

[Balaye.eth @Balaye_eth]

Most traders don’t lose because of their strategy.

They lose because they can’t sit still.

Discipline beats alpha.

[Balaye.eth @Balaye_eth]

Winners journal; losers guess.

Which one are you?

What’s in your trading journal today? ✍️

[Balaye.eth @Balaye_eth]

If you nailed your entry criteria but still lost, guess what?

You won.

Process over profit every single time.

[Balaye.eth @Balaye_eth]

If you are struggling with overtrading like I used to, apply the OTAAT methodology: One trade at a time.

Easy said than done.

Try to stick to it, you'll see your consistency go through the roof.

[Balaye.eth @Balaye_eth]

SL hit on this SOL long at the bottom of the range

Am I angry this didn’t work out?

No.

I had a plan, I stuck to it

That’s a win in my book

On to the next one

[Balaye.eth @Balaye_eth]

Ever get that FOMO itch and just click buy? Next time, pause for 10 seconds and jot down why you’re about to press the button.

You’ll thank yourself later.

#tradingpsychology

[Balaye.eth @Balaye_eth]

Update: initial rejection from the resistance area.

Shorted $ETH to hedge

[Balaye.eth @Balaye_eth]

I added to my $BTC long open from 88k$ on a break on the trendline on the H4.

We might see a new ATH this week in my opinion
But we are still a resistance on the higher timeframe, so caution is needed.

[Balaye.eth @Balaye_eth]

This is already my biggest trade ever. SL is in nice profits, even if BTC decides to puke and go back to sub 100k$ as some people are calling, I'll be happy.

[Balaye.eth @Balaye_eth]

I added to my $BTC long open from 88k$ on a break on the trendline on the H4.

We might see a new ATH this week in my opinion
But we are still a resistance on the higher timeframe, so caution is needed.

[Balaye.eth @Balaye_eth]

@Bagueth_ Ça va Boubou?

[Balaye.eth @Balaye_eth]

GM

Update on my $BTC trade:

We broke the blue box with a big fat candle, we might come down a bit and retest it but I'm confident we keep ripping higher in the next few days.

BUT, if we want to be conservative, on the weekly we are still at major resistance

So... patience

[Balaye.eth @Balaye_eth]

$BTC
Level to watch out : 98k$-99k$

If we break this then it flies imo.

[Balaye.eth @Balaye_eth]

Gm ☕️

[Balaye.eth @Balaye_eth]

I’ve been trying to implement the concept of adding to winning positions lately.

@TomHougaard talks about it in his (great) book « best losers win » and I must say it’s a game changer. Thanks Tom for your work 🙏

[Balaye.eth @Balaye_eth]

$btc short update: going well so far
SL put at Break even