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Oct 12, 2018 15 tweets 4 min read
1/ By now you should be ingrained with how bullish, bearish and ranging environments look and behave like
2/ Bullish enviroments are quick, give almost no time for doubters to hop in and enjoy the uptrend. Highs get taken like there's no tomorrow. Any deviation or retrace gets erased quickly by violent pumps. Have your take profits ready, they may hit quicker than you think.
2.1/ How you'll feeling watching the markup
3/ Bearish environments take longer. Define your levels and wait for a retest. Relax, bears take their time distributing, this isn't as fast paced as with bulls. The pleasure of closing a position due to overthinking will be short lived; once dumping, finding an entry is tricky.
3.1/ You witnessing mark down not as surprised due to slow pace of things
4/ Ranging is very intriguing. It presents itself on turning points, decisive tops and bottoms. Be on the lookout for change of character. Be wary of feeling too bullish or bearish at range limits, you'll act as great liquidity for a change of trend, or continuation.
4.1/ You on range limits. Stop this and you'll stop getting chopped.
5/ For these environments, we can look up to Tom, who is calm and collected, waiting for a retest or pullback to get in. This is how most should strive to feel.
5.1/ This is how he sleeps at night knowing he made the right decision.
6/ This is Tom back in the day, looking at price dipping slowly without stopping, price pumping with no retrace, or price looking to break up or down from the range. He is desperate to enter a position. You should strive to pay no attention to any kind of desperate feeling.
6.1/ After losing 10% in one trade or missing the trend, this is how he ends up.
7/ Context matters. These environments are affected by volatility which is affected by where in a market cycle we are. The bearish environment is obviously much more ruthless after a generational blow-off top.
8/ Examples

Bulls are quick, bears take their time
8.1/ Examples

Ranges are the pit stop. They'll decide a continuation or a trend change. Once a range limit is broken, look for continuation. Watch out for deviatons, you'll catch them don't worry, they feel odd.
End thread/

The intricacies not covered will be up to you to discover and trade with your own style. From emotions to environments, this is all you need (besides basic math to manage risk) to better your odds in the market, especially the crypto market.

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More from @redxbt

Jul 6, 2020
So I spent 8 hours listening to the Trading in the Zone audiobook on youtube, here are some cliffs notes.

TLDR below this tweet.
Trading is a paradox. The market often proves or disproves our beliefs/edges. You will enter the zone once accepting this uncertainty and trade appealing to our edge in the long run. Strive for this consistently and you will become a trader, and the zone will come naturally.
Qualities of top traders + 4 primary trading fears

>Disciplined
>Focused
>Confident

1) Attitude on being wrong
2) FOMO
3) Losing money
4) Leaving money on the table
Read 30 tweets
Oct 28, 2019
We all see winners here, every home run, every insane call.

I’ve yet to see though, people posting a losing period, how they managed it and what they learned.

This is my current equity curve.

A thread on headspace, fear and some takeways for moving forward.
First let’s take a look at the first half of the PNL (it took me a month to get used to the new params I had, so excuse that bit of time).

Looks like price action wouldn’t you say? Could even do TA on it. Anyway, active, volatile and trending, upwards.
Lots of action was taking place, everything was going up, price was hectic, everything was vibrant. Aside from the market, IRL was pretty normal, nothing bothered my trading, all eyes on the money.
Read 13 tweets
Dec 28, 2018
1/ On the anticipation of swing points; getting front ran or getting run over
2/ Front running is when an anticipated level gets traded right before reaching it, leaving basically everyone with no fills.

Most of the time it's a very obvious level, namely round numbers and historical levels.
3/ Getting run over is when an anticipated level is completely "ignored" and price trades right through it, into the next level.

I say "ignored" because price reacts to it, but extremely lightly and not as expected.
Read 8 tweets

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