https://t.co/jHdprNYt08
Very few people realize I have built something more useful then 99.9% of this space, and itโs free to use.
A paper trading platform that allows you to trade with fake money, hone your skills, track all your trade stats, build trading systems, journal, and compete against other traders.
Letโs break the Algo.
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Hopefully you found my video a few days ago helpful for the long case locally. Interested to see if we can get a strong move breaking out of this downtrend. Targeting ATH's
$BTC
#Bitcoin
In this video, I go over ALL of the major ideas I am interested in trading around, and why. Both long and short. Instead of focusing on a single idea, I am focusing on the LOGIC I am using to structure various long ideas, and short ideas, and some of the things I would look for in order flow that might make me interested in new ideas. We don't need to Predict what price will do, we can simply be prepared to navigate the charts, regardless of what it does.
$BTC #bitcoin
Statistically the majority of you reading this will quit trading this year, after losing a lot of money.
40% of traders quit in the first month, 80% within 2 years.
I will share some of my thoughts on why trader's quit, and what it takes to succeed.
The main reason someone quits trading is that their expectations weren't met. In the simplest form, they expected to make money, and they lost money. Their expectations were a fantasy, and when they were faced with reality, they gave up.
If you asked these people the question "Do you want to be a professional trader", most would answer "yes..but"
I am going to say something controversial. The type of person who succeeds, will never quit as long as the answer to the question is "yes".
There is no "but".
There is simply the resolution that they will do WHATEVER they need to do to succeed.
Where someone else might say "If I am not profitable within 6 months, I quit", they will say "I don't care what happens in the next 6 months, I will take what I learned, and be that much closer to succeeding". This sounds scary, because what if they just lose forever, blowing up account after account? What if they simply aren't cut out for it, and will never succeed? Is that possible? Yes. Does that mean they have to lose everything finding that out? No.
Are you on the verge of quitting because the thought of losing any more money is too painful?
-Why not continue with highly disciplined, and documented paper trading? Refine your edge, your execution, and keep improving without risking any capital? So many people think "not quitting" means losing a lot more money, but in reality it just means putting in more work, and limiting your risk however you want to define it.
Let me create an extreme hypothetical
- Instead of quitting. Commit to 1 year of paper trading. Document every single trade, with strict risk criteria.
If you are profitable after 1 year, put $10 into a trading account. Trade it for one year. If you are profitable after one year, 4x it $40 . If you lose money, go back to paper trading for one year. Repeat this process until you are trading the account size you want to trade.
If you trade profitably for 9 years in a row, you can scale to $2.6m (likely this gets most people reading this to "full size"). You will also have a 9 year track record of profitable trading.
There are two possible outcomes to this experiment. You either never get multi-year runs of profitability/consistency, in which case, you never have significant capital at risk, or you become consistently profitable, slowly scaling your trading account with that consistency.
Do I think this is what most people will need to do? No. It's an extreme example, to make the point.
The truth is, people don't quit because they don't want to lose any more money. They quit because they aren't willing to do what it takes to succeed. "what it takes" doesn't mean lighting money on fire, it means having the passion, desire, commitment and discipline, to do what they need to do to succeed.
I don't think there is any way to know who will succeed, and who won't. There are so many stories of people who appear to have been naturally gifted traders, but for all of those, there are also traders who didn't become profitable for a decade, and went on to have great careers.
I don't want to tell anyone they should quit, and I don't want to tell anyone they should keep going. Only you can answer that question. I can only say that no whoever made it, quit..
I do have a long here on $BTC, local invalidation. I do think there are some bullish ideas, but caution needed as we attempt to put in a pivot low. Could call this a simply trendline breakout retest, while it holds.
#bitcoin
It's been a week since LLaMA 3 dropped.
In that time, we've:
- extended context from 8K -> 128K
- trained multiple ridiculously performant fine-tunes
- got inference working at 800+ tokens/second
If Meta keeps releasing OSS models, closed providers won't be able to compete.
this platform is fully integrated on the blockchain, and all trades are tracked to a wallet. When we launch our token, you will have airdropped rewards, simply based on your performance paper trading
https://t.co/jHdprNYt08 Do you know that I have built a free paper trading platform? You can compete with other traders, track your statistics, and soon, you will be able to earn tokens based on that performance.
This is a huge undertaking, and you can use it to hone your skills for free.