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Algo Hammie 💙 Profile picture
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4 Jun, 4 tweets, 2 min read
Index of Threads

All I know about #trading
(almost)

I'll collect here the links to all the previous threads for easy reference.
Analysis of the mega-nuke we had in $BTC $ETH on May 2021

Thread on "Resulting" - judging trading decisions by the outcome - and why it's one of the major issues in profitable #trading

How to Think to be a Successful Trader - why trading has absolutely nothing to do with technical analysis and fundamental analysis

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More from @AlgoHammie

Algo Hammie 💙 Profile picture
4 Jun
Thread: About Technical Analysis, Charts and The Realm of Shadows

"My mind is not my best friend when it comes to highly profitable trading. I don't believe for one second that technical or fundamental analysis are the Holy Grail."

- Tom Hougaard
1/ Continuation of the previous thread:

2/ "I like charts, I could devour 1012 hours every single day.

I analyze purely to train my
mind but I'm also fully aware of the way
my mind works"
Read 19 tweets
Algo Hammie 💙 Profile picture
2 Jun
Thread - How to Think to be a Successful Trader

"If 90% of all people engaged in trading are
losing maybe it's a time we have a real
long hard look at what it is that we're
actually doing when we are trading"

- Tom Hougaard Image
1/ Notes and reflections about the Tom Hougaard presentation:

From trading psychology series, "Normal doesn't make money"

Tom Hougaard watched 50,000 people trade over a decade.
2/ "I realized that actually
trading had absolutely nothing to do
with technical analysis and fundamental
analysis."

"People tend to make the same
mistakes over and over and over and
actually very few people are capable of
making money consistently" Image
Read 32 tweets
Algo Hammie 💙 Profile picture
29 May
Thread: How I nailed the exact TOP and BOTTOM on $BTC and $ETH
and why I'm a fu*king idi*ot.

The last few weeks:

- First I did everything right AND lost a decent chunk of money

- Then I made a GIANT mistake, I nailed the exact top and bottom, and made a decent chunk of money
1/ Let's see what happened

At the end of February I started leaning towards a top in $BTC. Pretty much nobody back then was seeing anything like it. Yes, I'm cool like that.
2/ People were screaming for flippenings, $BTC at 100k, $ETH at 10k, productive assets, Django OnChained, Ziupercycles and the rest of the memes.

$alts Ziupercycle:
Read 18 tweets
Algo Hammie 💙 Profile picture
22 May
Smol thread on taking profits along the way / scaling out

The Math:

- Beats (hands down) not having a full-out exit strategy

- Doesn't beat having one (you'll hurt rewards vs maximize risk, you'll have your biggest position at the moment of max risk, the entry)

1/x
The non-Math:

- Can help (a lot) with psychological and emotional management.

At the end of the day, a system that outperforms scaling out is completely useless if you're not able to run it.

2/x
I've seen countless times people with perfectly working systems starting discretionary trade around them and get fooked.

Your system is only good as your ability to keep executing it.

=> Find a system that

A) works
B) FOR YOU

3/x
Read 4 tweets
Algo Hammie 💙 Profile picture
20 May
Thread 1/n

Post mortem on what happened yesterday on $BTC, $ETH and all the gang.

Take this as an opportunity to step up your game.

Let's start by saying that I lost a decent chunk (30%) of unrealized profits from this bull run in the alts account.

Several things happened:
2/n
- Most people caught in this nuke said "nobody could have predicted it"...my man lol.

- I didn't "predict it", I surely didn't predict the magnitude of the move. What I predicted was that there was a strong possibility of further downside...
3/n
...and that the CT larpers that kept buying every single green 15 minutes candle until the day before were about to nuke their followers.

We were ALREADY in a clean technical downtrend, if you didn't notice.

Read 16 tweets

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