$BTC A bearish divergence formed on the daily time frame. Bounce from the $98,931 daily level likely a short term relief with more downside. Price closing above $108,800 on the daily invalidates this. Time to be cautious is now, will be selling more $BTC and happy to buy back higher if I’m wrong. Nov 2021 top had similar price action. History doesn’t repeat itself but often rhymes.
Every once in a while, the market hands you free money.
Your only concerns are:
- Be there when it does
- Make as much money as possible
- Leave with as much as possible
Failure to do all the above and you're fucked. Will forever chase the castle in the sky as reality sinks in.
UPDATED TRADING EXERCISES FOR CRYPTO TRADERS.
1. Exercises that Helped Me Trade Better.
Trading is amalgamation of Skills and Instinct. But how do you hone that instinct?
Here's a regimen I swear by, and I believe it can make a difference for you too.
You have one fucking life.
Don’t live it being mediocre like the other 99% of people.
Be bold. Take risks. Fuck societal pressures and expectations.
Live your life with no regrets so that when you’re on your deathbed you can smile as you exit this world.
I really hope we see some M&A in crypto in 2022, especially for data providers.
There's so many more that don't even make the list. I pay way too much for subs...
1. If young, get a good understanding of FA with TA.
2. Tokenomics,how unlock works,Judging a team AND Learn TA.
3. FA tells you what to buy, TA tell you when to buy.
4. Master both roughly and you'll get a girlfriend in 3 years.
5. If not, just keep betting and clicking.
Solution for a problem every trader faces.
"There are so many lines on my chart, which ones should I keep"
Keep the lines you would consider taking a trade at when price reaches there.
Won't be interested in a trade at that line? Don't keep it. Simple.
If you're afraid, buy. If yesterday's confidence is shaken, buy. If others are selling in fear, buy.
These are the days when you make your money as a trader. You buy, and when others regain their composure, you don't let go of what you bought until others are again euphoric.
You will make life Changing money via trading if you don't have to rely on trading for your daily expenses.
You don't want to be worried about rent or grocery when you take the next trade.
You perform best under zero pressure of the worldly problems.
Plan, grow a system.
Don't say trading is hard until You've done 100 planned trades.
1. Wait for entries.
2. Enter when your price of interest hits.
3. Position Size as Per Risk Management.
4. 3 Level TP set.
5. Invalidation Level set.
Repeat 100x.
Once you do this, you won't say its difficult.
At times, you need to stop being humble.🔥
Keep your family first and buy them everything they have ever dreamt of. Take them to places they couldn't afford.
Buy all the toys that were your boyhood dreams.
Let your money shut up everyone who ever doubted you.
Feel me?
1) Sleep 8 hours instead of 6.
2 )Wake up early instead of waking up at noon.
3) Spend time on your goals instead of social media.
4) Spend more time outdoors instead of being in your home all day.
5) Read good books instead of watching TV, YouTube, and Netflix for entertainment.