My conditions for successful trading:
- Zeus is in a favourable mood.
- My wife remains unaware of my positions.
- The sacrificial goat is healthy.
- I have drawn sufficient lines.
- The market agrees with my analysis.
I have yet to experience all five simultaneously.
VERY few traders win consistently over the long term. I knew I needed to take a different approach, so years ago I started studying an unconventional way to try to beat the market.
It's called the paradox of indirect pursuit...the idea that big goals (like making crazy money as a trader) are often best achieved by creating the *conditions* for success rather than chasing the outcome directly.
Conditions where:
- your financial future doesn't depend on your next trade (u have a job, business, cash cushion, whatever)
- you can sit on your hands for weeks/months without feeling like you're falling behind
- you don't freak out during downturns
- you can cut a losing position without worrying about getting that $$ back
- you have the time/freedom to wait for exceptional opportunities (not force mediocre ones)
Irony here is that the less you NEED from the market, the more you're capable of extracting from it.
Doing stuff outside the markets might just be the best thing you ever do for your trading tbh. Markets are a multiplier.
Idk, food for thought.
@ThomasSayre13@kevinnbass I see the Democrats have discovered how to create 20 million votes using projections.
I have been using the same technique to value my portfolio.
Unfortunately, my bank manager refuses to recognise the gains.
$BTC basic play:
My preferred option is down first, look for wicks into 200ma/vwap 73-74k to take out the likkis
If it goes up from here I'm not sure how much fuel it will have so I would think lower high then down
@KookCapitalLLC Thank you. I wanted to believe the worst was over, and your confident prophecy has given me something to tell my creditors.
I shall forward them your chart and consider the matter settled.
@vip92226041 An extraordinary track record predicting the crash AND the recovery.
I admire a man who refuses to be wrong.
That's someone I trust completely. How much is your subscription?