Forwarded from Crypto Mumbles
the market conditions the animal to expect mean reversion precisely at the time that the market shifts from mean reversion to trend
π₯7
Forwarded from UMβs Trading Journal
Think at least for the next month you probably don't wanna touch your coins that you're bullish on a longer time horizon
π₯3
i remember when we started trending last year from 25k to 73k
after every pump i was like, "no way right? has to retrace"
btc was like uhhhh NO. HIGHER.
and this repeated on and on for weeks
i even tried shorting expecting a correction but everytime it just gets blown out
i think most of us underestimate how quickly a momentum asset like btc moves
when it trends it really TRENDS
after every pump i was like, "no way right? has to retrace"
btc was like uhhhh NO. HIGHER.
and this repeated on and on for weeks
i even tried shorting expecting a correction but everytime it just gets blown out
i think most of us underestimate how quickly a momentum asset like btc moves
when it trends it really TRENDS
π₯10
Crypto Mumbles
i remember when we started trending last year from 25k to 73k after every pump i was like, "no way right? has to retrace" btc was like uhhhh NO. HIGHER. and this repeated on and on for weeks i even tried shorting expecting a correction but everytime itβ¦
in my head was just "retrace now?"
and we only got 1 20% flush which was swiftly v-shape reversed up
only one significant dip after weeks before continuation
and we only got 1 20% flush which was swiftly v-shape reversed up
only one significant dip after weeks before continuation
π8
managed to generate more liquidity in the trenches
i will be buying dips
i will be buying dips
π4π₯4
Crypto Mumbles
one thing im doing now is constantly cashing out bit by bit with every winning trade, maybe about 10-20% of profits while i compound the rest (eg. win 10k, cash out 1k) this does not apply to "long term" bags as someone who is almost all in crypto, personallyβ¦
sticking to this
constantly cashing out 10-20% of profits per play
i must remain disciplined even tho im really tempted to try snowball all of it
constantly cashing out 10-20% of profits per play
i must remain disciplined even tho im really tempted to try snowball all of it
π9
Forwarded from Grand Exchange V3
Seems like soros was wrong a lot more than druck but sized his winners much more aggressively
π₯1
Forwarded from Grand Exchange V3
When you look back at your PNL over the course of a year you realize most of it comes from a few home runs
Forwarded from Grand Exchange V3
Makes you start feeling like if you can't size a trade with conviction, maybe you shouldn't even take it at all
π₯7
Forwarded from Grand Exchange V3
We all have probs lost too much money to low conviction trades
π’2