it came to my attention that @obviousstops posted about ETH earlier than me, because that if ETH goes down today, make sure to DM him all your angry messages.
(if it goes up, I called it first)
not an easy trade, took one stop before catching the move, covered some to compensate and letting rest run
Trading any derivatives market (not only crypto) with high leverage should have been viewed as a job; if you decide to trade instead of just passive investing, you can view it as starting your own job. /cont
There are two essential problems when it comes to trading. 1) You are getting spammed 24/7 with success stories of others 2) You are on your own sitting naked at home most of the time.
This can lead to the urge of "speeding up" the whole journey, but same as starting any other business, it's not smart to just wake up one day and be like "fuck it, I'm just gonna yolo send it here and hope for the best"
A little bit about orderflow and footprint. I'm still getting an overwhelming amount of messages and screenshots from people sending me bid/ask footprints with delta asking if this is absorption or breakout and so on. 1/
As much as I can understand using these new tools can be exciting, when you are learning something new it is really good to just start with the basic stuff first and slowly build upon it. 2/
I have recently noticed this great post from @NOBStrades about these two types of patterns. There is no bid/ask or delta, this is just a simple y-axis volume profile for each bar.
ttps://twitter.com/NOBStrades/status/1423107825564332033?s=20 3/
/1 thread about daytrading.
I gained lot of followers lately, although its still not much compared to others, it comes very clear that most of you people are trully dumb as stick. I wish there would be another way to say it.
2/ and this is something big account dont tell you to just look good, but most of you people are just lazy bastards who keep crying in the comments as you made number one mistake in trading which is getting emotionally involved in assets you trade.
3/ as much as I think crypto is awesome and it is innovation we wont see again in our lifetime, if you want to actually trade instead of just investing you need to put big man pants on otherwise you get utterly fucked.
at this point I get 50 same questions everyday so here is a little thread so you can leave me alone.
- I use sierra chart and I watch Bitmex data only, I don't look at any other exchange or even aggr T&S.
The reason for it is that I get information overload if I do look at more
- You can use Exochart (with Tradingview combo) or Quantower if you like, all platforms can do the same things. I used Sierra for years now, they are a terrible company but I'm used to the platform. The bottom line is platform choice is 100% up to your taste.
- Although I execute trades on LTF I find my trading setups at 30min (sometimes 60) that are a combination of PA, TPO levels or levels from composite profiles. Besides that, I have weekly and monthly pivot points on the chart. I'm not scalping, I only take 1-3 trades a day.
1/ my Twitter was always mostly about sharing trades from Eurex futures but since I started focusing again more on BTC huge amount of people followed me. This is cool, but the messages I get are fucking insane.
2/ lot of you are reading the blog or even considering getting the Blueprint but coming from the place where you either lost a lot of money or you don't know much about trading.
3/ although this is probably not the best marketing if this is your case I highly recommend you not getting into day trading yet. There are a lot of moving parts that are really hard to digest and I'm sure 99% of you would be better of just DCA or taking swing trades.