Can’t sleep, so random thread on how to make your swing trading better.

1. Use HTF levels. HTF levels = bigger moves = bigger rotations. Also clearer charts. Monthly, weekly, daily.

2. Stop monitoring immediately on LTFs. HTF = can take days/weeks/months to play out. 3. Stop managing so aggressively on LTFs. If your thesis involves direction for the coming days/weeks/months, it’s unlikely that a single hourly candle should uproot your entire thesis.

4. Stop moving to break even ASAP. HTF = more time at level + retests likely. Allow it.

Fear of being wrong typically leads to poor trade management.

- Closing around entry as soon as PnL flashes red
- Immediately jumping to low time frames to monitor a higher time frame trade
- Moving stop to break even as soon as possible even though nothing has changed

1/5 If you worry too much about being wrong, you don't give yourself a chance to be right

Invalidation is one thing, panicked overtrading around your entry is another thing entirely

The most common culprit is putting on too much size and/or having a stop that's way too tight

2/5

Two important lessons from 2021:

1. If something is strong, buy that thing. Looking for 'the next thing' because you missed the initial pump will often underperform buying the leader.

2. Experimentation is rewarded. Airdrops, new chains, NFTs, and so on. Use the tech. It's 4AM and I can't sleep, so just going to add to this thread indiscriminately.

A better Cred would make a neat end-of-year article, but you have me instead, suckers.

Here goes:

2/n

1 like = I'll respond with 1 trading-related thing that I wish I had known earlier. Wow, this is gonna be a tough one.

Will try to accommodate as many as I can.

Random order.

1. Learn to trade a spot Bitcoin daily chart before pissing about with margin trading on low time frames.

2. Cutting losers is hard. Start by not doubling down on losers/widening stop.