List of tools and platforms you will see me using, some are paid, some are free (I have no affiliation):
Exocharts, Laevitas, Coinalyze, Sierra Charts, Insilico Terminal, Tradinglite, Coinmarketman
I won't DM you, I don't have any other services than Bootcamp, no Telegram or anything else.
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It's been a few weeks now that I have been watching and trading altcoins more closely, roaming around discords, catching up on narratives and so on.
Let me share some tips that are important when it comes to everything.
cont/
1- "Narratives" are really just short-lived fundamental events people like to believe to pump things. Some are more stupid than others.
Never ever get hooked up on something thinking this is the next big thing because the minute you do, it is most likely over.
2- Finding narratives, well, most people will tell you that you need to be hanging around on twitter, million discord servers, and telegram chats to see what is happening right now.
I was day trading for a long time, taking a lot of round trips every day, but as my account grew, I started focusing more only on a small sum of trades where I could really go in with big confidence.
- Focus only on high-probability stuff
- Cut things that don't work quickly
The curve for the last 3 weeks, shows only BTC and ETH. With alts I don't really have confidence or experience to put any meaningful size
I think a lot of people fuck up because they are not able to sit on their hands. You need to take trades where the market is literally screaming at you to take them. Ofc if you are undersized, this is hard to do because you want to make money quickly, but it is what it is.
One of the things I get asked about so often is Free trading/markets education resources, so here we go.
This will be somewhat more intermediate list rather than where you can learn fibonacci retracement.
/cont
Of course, gonna start with a shameless plug of my blog, but I do believe that at this point the blog is the best place you can learn for free about discretionary trading, risk management, price action, orderflow, market profile, and many more.
Khan academy is all around awesome resource for free learning across many topics. There is a specific section about Finance and capital markets that teaches you about fundamental drivers in financial markets.
Not like you people deserve anything but here comes the fairly straightforward / no BS thread that will improve your trading.
/cont
Social media/Twitter: I feel like I keep saying this every time, but this place really gets progressively worse and although it can be beneficial for your trading the amount of grift and overall garbage is insane.
When people talk about "sharing alpha" with every other post, it is never any alpha whatsoever. Most of you like to shit on paid stuff but at least it is straightforward, there is always something hidden behind "free" signals, indicators, groups etc.
) got some nice positive feedback so let's have a talk about another extremely popular and misunderstood trading concept.
Orderblocks, Supply and Demand Blocks, Clusters, and so on.
/cont
Why do these work? If anything, the "smart money" trapping retail traders logic is nothing more than a marketing trick. The reality of it is much more boring, but it was tested and proven.
The research paper "Why is equity order flow so persistent?" tested these reactions and came up with two major explanations. You can read the whole thing here - arxiv.org/pdf/1108.1632.…