Many aspiring traders aspire to become full time traders -- i.e., trading as their source of income/wealth
Here are my general checklist for quitting a day job to trade
1. You need to exist on trading skill, not that a market bet will immediately come through for you
2. Account capital -- how much do you need to live on. Multiply this by 5.
3. Account capital should represent profits already bagged, not on a loan or savings or second mortgage on your home. Trading WITH profits proves that you can actually be profitable
4. Have enough $ saved outside trading account to live on for two years
5. Assume that market conditions will be such that you lose money in year 1
6. Paper trade your proposed approach for at least one year to work out details -- it's the details that will make or break you
8. Know that if you "make it," you will be among the 3-5% that tried
Good luck -- prove me wrong, then let me know after two years where I was wrong
9-5 you work to feed your present.
5-9 you work to feed your future.
Mon-Fri you work to feed your present.
Sat-Sun you risk to feed your future.
To get ahead, you gotta work like you’re coming up from behind.
Because you are.
GM
Some mfkrs have been shorting $OIL & $Gold recently like there is no tomorrow.
Hello, yes, we are those mfkrs @DacianZanfir@Dey_Andrei_Dey 🫡
@CatalinSfarlea @tornadoMargin 🫡
Trades closed or with trailing stop & chilling before the FOMC tonight.
#ParadigmShift
Happy to see this team grinding & working hard behind the scenes, even during this last bearmarket.
I really think that the health sector combined with AI (btw, they were building with AI before it was a hot topic) + blockchain can be one of the biggest narratives. 🫡
#ZayaAI
ParadigmShift 1 Year Anniversary Party - To my dear Shifters!
1/ About last night: we celebrated more than just a party - we celebrated resilience, growth and the unbreakable bond that defines our amazing community.
TradingView just gave me 3 premium plans to give away for free.
Will select 3 people that:
1. Follow me @milesdeutscher
2. Retweet this post
3. Comment
I'll pick the winners in 24 hours. Good luck!
12/ Remember that being right is not the ultimate goal, being profitable is, so don't get lost in the sea of analysis: set sail to execute & make those profitable trades.
If you enjoyed this post, like and ReTweet so other traders can see it 🫡.
#ParadigmShift#Mindset
Current status on #Bitcoin : Neutral
Said it lots of times since mid-August that this is my plan.
Under 25k area daily close > very bearish
Up to 28.5k bearish and sell all rejected rallies.
Between 28.5k and 30k area > neutral
Above 30k bullish, but will add more context here:
Now I want to see 30k area being flipped to daily support, see a new High above 32k, go back and retest 30k and HOLD that level as support going forward. Most likely on that retrace to 30k + bounce will get bullish short/medium term.
No need to over-complicate things.
I am printing a new batch of my Book; Crypto Trading Guide
I will print 1000 books and give away 100 signed hard copies.
If you want get your copy, all you have to do is: Like, Share and tag your Crypto buddy in the comments.
Will publicly select winners.