"The beauty of trading is it's a rhythm. You're just doing your thing.
The problem is when it slows down sometimes, you start thinking. Anytime anybody thinks, you're usually pretty fukd." - Mike Walsh
Vitalik had a few "Easy Residence" nights at my home in 2015, way before ETH took off. Should have put in a 5% investment like we do at Easy Residence now. But then again, there might not be #BNB had I done that.😆
(photo from July 2014, chilling in my hotel room in Chicago)
Trader musings:
A long time ago I came to the realization that there's almost no "wrong answer" in trading. A sign of an immature trader is one who argues over minor details and definitions of things. You see a gravestone doji, I see a bearish pinbar. Who cares. You think a head and shoulders needs a more defined left shoulder and I don't. Who cares. Profit targets, stop losses, risk management, leverage, patterns, triggers, confluence, etc, etc.
What matters the most is that whatever you've structured your trading rules around that you stick to them and stay consistent. You'll never be able to tweak and improve your trading if you keep playing with the variables because you'll never know what parts are/are not working for you. Find that groove, stick to it, and don't get caught up in technical and philosophical arguing.
This is one of the biggest reasons I don't try to teach my trading style to others anymore is that I don't think I can take my entire trading approach and plop it into someone's lap and them be successful with it. Each person has to work out their own style.
And as a final note, I believe the bulk of trading performance is how you exit a trade, not how you enter it. Even though most traders obsess over the entry and make the exit an afterthought.
I just learned via Zerohedge an "incredible fact" that every time the Fed cut rates with stocks at all time highs, the S&P was higher EVERY time:
https://t.co/JkPVVhPqbz
That's so incredible, I had to see for myself:
Below we see the past 25 years of Fed rate cuts. The Fed cut rates one year ago and indeed stocks are higher today, however there was a -20% crash earlier this year.
Go back to June 2019 and the Fed cut rates with stocks at all time highs, but then came the pandemic collapse -35% within the year. Stocks were breakeven a year later, and THEN went higher amid record global stimulus.
Then we go back to June 2007, the Fed cut rates with stocks at all time highs. A year later in June 2008 stocks were lower and then in October 2008 they collapsed -55% amid record global stimulus.
My advice to everyone is always check facts especially when dealing with well known peddlers of fiction and Wall Street criminals.
Solana is literally running out of memory.
Every token launched takes up space on chain. With all the validators running, the network is able to survive, for now.
As more tokens are launched (about 12M a day), where is that data stored?
Users are not using SOL incinerator fast enough, hence recent network issues and price decrease.
The only solution is removing some of that data. Either the foundation will have to physically delete it, or Solana risks total collapse.
Insane to think about.
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