Iโll start being more active again and share my journey to becoming a full time trader (the ups and downs).
I know these skills will become especially useful when weโre back in a bull market.
Keep grindin. Keep hustlin.
Been silent for about a year now, quietly developing my trading skills.
After several blown up account and failed evaluations, hit my first major milestone and got funded by @the5erstrading.
My trading progress truly accelerated in the last 3 months thanks to @I_Am_The_ICT .
One of my favorite @I_Am_The_ICT videos is about risk management.
When I now have a streak of 5-7 winning trades, instead of increasing my risk I now reduce my trading size to protect my gains for the eventual loss that is coming.
Preparing for a losses was a game changer!
Took my profits on my $SOL short (187% lets go!) and looking at $BTC to see if we have another opportunity to short.
Back in Nov 22nd, we were also coming from a major dump and these EMAs acted as levels of resistance.
Could be something?
As I strengthen my TA skills, any particular indicators you enjoy to use?
I've really been liking the MA Ribbon: 25 and 50 EMA, and the 100 SMA.
Really helps gauge trends and possible locations of support/resistance.
$SOL - been range bound for the past few days. Short term, I have no idea if it'll break out or break down.
But the macro situation isn't much better and I don't see why we won't have another leg down in crypto. Just not sure when that will happen.
$EMT - got myself another bag on this big dip. Sitting at $180K MC.
Probably have another correction before it ascends higher. Another 150% till ATH.
Has potential.
Made bank last night then gave half of it back to the market. ๐
Notes to self on my long & short plays yesterday.
- Keep to a plan
- Let high time frames anchor entries & exits
- Be Patience
- Don't trade when tired (shit judgement)
$BTC $SOL $GALA $AXS
$SOL I exited my position breaking even and went long. Got to follow the trend. Will be aggressively taking profit.
My mistake earlier I was too greedy and had my profit marker a bit too optimistic for the short term.
@Nik18296102 called a bounce really well.
I'm trading $BTC and $SOL as though Bitcoin is going through a wycoff distribution phase.
I think we're entering Phase B.
I'm also usually wrong so....
$SOL I exited my position breaking even and went long. Got to follow the trend. Will be aggressively taking profit.
My mistake earlier I was too greedy and had my profit marker a bit too optimistic for the short term.
@Nik18296102 called a bounce really well.
$BTC wants a strong bear market rally but I don't think it's the time just yet.
If we see $13K before the year ends, then I think $SOL falls the hardest among the top L1s.
I just don't see any reason why it's still at these prices. $3-$5 EOY?
Shorting it for the long haul