Analysis is the easy part
Anyone can draw lines on a chart
But being a good analyst doesn't automatically make you a good trader
Execution is where most traders fail
Lots of good analysts on CT
Not as many good traders
If you been losing money for last month, two or more but in the past you had awesome results — stop doing what you do now and reset.
No matter what amount of money you had before your reality is now different and you need to do everything in order to survive.
Liquidate all your holdings and just let go. Stop gambling, especially in online casinos. Don’t let the bear boredom get to you. Sit on your hands and wait for perfect moment. Do not put everything you have onto next coin but stack small wins and over time you will get back to your port ATH.
Spend some money if you can and feel the worth. Whenever we see first legit bounce you will make it back.
@yukinthecut@Austen Great thinking, just making sure it’s done in a legal way.
Austen has been meeting with lawyers to make sure he’s doing things in the cleanest and most transparent way possible. (He authorized me to say this.)
If you’ve lost a lot of money over the past few months and your confidence is low when it comes to taking new trades, here’s one thing that’s been helping me lately.
Go back to the basics and reduce your risk exposure.
Get comfortable making small, consistent gains over time. Those really add up, and more importantly, they help rebuild your confidence.
Pay little to no attention to the big PnLs you see on the timeline, 99% of them are larping anyway. Focus on your own process and your own journey.
majority fail to understand that actual money is made around the bottom of the bear market
most of you clock out - only to return in bull
that's exactly why you're forced to keep returning
I'm 37. Instead of regretting that I can't wake up age 18 again, I pretend to myself that I'm 90 and I've woken up age 37 again, and that I get to magically, wonderfully have the next 50 years again.
If you want something to dip for a better entry, just buy an initial position.
It’ll magically come down because you’re in it. Works about 67% of the time.
Reflecting on this past month has made me extremely bullish on onchain.
Even though it's demoralizing as fuck to round trip 6 figs again and again.
But that same delusional optimism that keeps me from selling is what's keeping me in the game looking for the next opportunity.
I missed runner after runner hitting $100M+ but they kept coming EVEN as BTC dropped to $80K and then $70K.
There is signal in that.
People want to gamble.
And outside/dormant capital will get involved when there are runners.
The move is to play trends without getting attached. We’re in a hyper-accelerated timeline where yesterday’s biggest story is irrelevant overnight
And this isn't going to slow down.
Think of the whirlwind of events that have happened since the start of the year.. And we're still in January.
There’s strong demand to bid on cultural moments, especially when they escape our bubble and capture mainstream mindshare.
The strategy is simple:
1. Sit in stables and wait for the inevitable global event that grabs everyone’s attention
2. Size in before consensus
3. Exit while the everyone is frothing about it being the next big thing.
4. Rotate back to stables and wait for the next wave. (Don't try to buy dips, way too many people are up way too much and attention is fickle)
I feel like with the way things are going, there won't be a shortage of catalysts to trade.
Follow the volume.
Follow the mindshare.
Don’t hyper gamble between these pockets of opportunity.
Shit is only going to get weirder from here on out.