Algo Trader now in #Crypto. Fiat maximalist. Miss me with your fractal. All paid groups are scams. See Pinned Message.
Jun 12, 2021 • 32 tweets • 12 min read
Thread - I want to become a (better) trader, where do I start?
I'll write here a possible course of studies / actions for beginner, intermediate and advanced traders that want become better at this cursed game.
NOTE: You may never get to be a successful trader (the mental side is where most fail, no matter how hard they try), but if you want to try you may want some clear direction. 1/
Jun 4, 2021 • 19 tweets • 5 min read
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:
"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 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.
May 29, 2021 • 18 tweets • 6 min read
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.
May 22, 2021 • 4 tweets • 1 min read
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
May 20, 2021 • 16 tweets • 5 min read
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...