And this is IMO also very applicable (rule#1) in life.
We aim to live (trade) as much as possible in the present.
Relflecting to the past to learn (backtest) or cherish good memories.
Or the future to plan ahead.
But the latter two only very deliberately, not per habit, or else, you risk getting stuck in a loop of constant decision regretting (stuck in the past) or trading your PnL (stuck in the future).
I can tell by a snap of a finger if an individual is stuck too much at either edge of the present and tend to avoid their advice and especially trade or investment position execution.
Alright...
Enough motivational talk for now.
And let's get back to the present. Speaking of, I'm still holding:
ETH positional longs from 1.8k
BTC positional longs from 95k
BTC swing longs from 110k
ETH late swing longs from mid 4k's
$AVAX positional long from 25$
All other altcoin positional longs
All altcoin challenge positions
Still no shorts, not ideal in the late stages of the cycle IMO with $BTC.D top in (compare these conditions to Q3 &Q4 2017).
Shorting only after the top is in or a pullback in the same way we projected 123k -> 110k to happen (not anytime soon).
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Has anyone ever typed in keywords "recession is here" on youtube?
It's a fun task I do from time to time.
Probably over 1000 videos with 1 million plus views over the last 3 years.
With recent years of price action, of nearly everything (not just crypto) being up drastically in that timeframe, that's proof of how youtube is one of the best platforms to waste your time and make you lose money.
Even if you watch "good content", the algo pushes fear through and you will click eventually.
Another golden rule I learnt being in Finance from all corners
... is to never trust the word of people who do not have clear proof or a clear (one sided, non flip floppy, and undubious) record of posts.
It's like hearing mechanical engineering advice from a car mechanic. It's probably decently accurate, but requires verification.
You see it a lot on this platform. A call, but no position. Constant doomposts as if the top is coming and as if the persona sold, but no clear calls of buying first (the air-sellers).
Or the opposite, bullposts all day, but all out of nowhere without clear enactment beforehand.
If you're bearish now but have no stakes, there's just no conviction.
If you're bullish all the time, but have no adjustment of positions, you're just uptalking your bags.
There's no value in either.
"Do not trust the stances of the ones who have no stakes"
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