90% of you will become profitable if you cut your losses whenever you start to pray for a breakeven on a losing trade.
When your house is burning, you Escape .You don't pray for rain while burning alive inside.
My Plan right now.
1. Assume that no one knows the final Top target.
2. Keep buying all Dips and Sell at instant Rips
Instant Rips = sudden Pumps after accumulation with no warning like the latest Pump from 98K to 103K.
3. Dips with Liquidation need to be bought harder.
Liquidation bottoms when there's zero Volume on the one Minute = No Coins left to sell in the Market Orders.
4. When Strategy 1-3 doesn't work any longer and Dip keeps dipping, assume market has Topped.
5. Find out which assets you'd like to Own after market had topped, Study market Cycle of ETH and Set your Dump target based on that Cycle, for the Coins you like.
6. Hold using Strategy 5 for 12-18 Months.
Here is the reality.
Post halving $BTC typically sells off 20-25%
$ETH dropped over 30%
$SOL went down 45%
Alts dropped 65-70% from the highs.
Tapped monthly liquidity pockets on majors.
Even for trades picking off stuff yesterday and today the upside seems more likely.
Time Frame Cheat-Sheet.
Cheat-sheet for Chart timeframes to be used for making trading decisions.
Most traders don't know which time frame to use for their trading time period.
This is the first mistake they make.
This comes from my years of trading and trial and errors and these are the settings I use based on the time frame.
One Month Chart.
Investment for One Year+
Weekly Chart
Minimum 3 Month to 1 Year Positional trades.
Daily Chart
7 Days to 3 Months Short Term Positional.
Hourly Chart
Planning to Exit the Next day or within 7 Days.
30 Minutes
Exiting withing 24 Hours.
5 Minute Chart
Day Trade. Exiting the same day or Session.
Suggestions for People with a Job or Students :-
1. Avoid Day trading if you have a full time Job or Student.
2. Stick to Daily or weekly Chart for part time trading.
3. Yes it is absolutely possible to make money trading just the daily or the weekly.
4. Slowly if you want to move full time, practice on the daily and then slowly on 4 hour if at all.
Fed injects $300B into balance sheet in 1 week for bank bailouts
Liquidity injection has driven all SP500 bull runs since 2009
Here’s why it won’t happen this time
A thread 🧵