Search results

If I'm forced to take a trade at only 3815, then either at A when it hits the first time, or we can take it at B as it comes back up. Seeing the double bottom a few minutes later would be nice, but I'd still be worried about that overnight low test at 3809

Luckily in this example your trade is safe since it never hit 3809, but you see that a stop right at the overnight low is actually a bad area for a stop? It ideally has to be lower than this. And ideally you would want to see what happens after the break. So often if can poke 2-3 points below...

If I change my bar chart to candles, I do see that at 3814.75 is a green candle that is bigger than others. Some people might call this a demand zone. Does this stand out as significant to anyone? Shown via the blue arrow.

Yes, it did, but the overnight low was lower, and I honestly don't see anything that significant about 3815. The green arrow points to this 8am low. The red arrow shows another low at 3817, and this is also a double bottom, hence why none of these stand out for me other than the actual...

I love this part from the tweets: (and by love I mean hate... LOL) Customers with crypto in their account(s) will receive in exchange a combination of the crypto in their account(s), proceeds from the 3AC recovery, common shares in the newly reorganized Company, and Voyager tokens. So instead...

Yes, confirmation bias is a bitch, but so is price risk vs. information risk. If you wait to see the trade working before entering, you're now paying a much higher price. The markets love to drop down one more time, flush out the stops below a swing low for example and then continue back up...

Yes, FOMO, exactly right. But what do you mean by forced? Also, anytime I wait to see the action at a specific price, it usually means having to enter at higher than your price because you want to see its being bought up. If you wait till it goes up 4 points, a 5 point stop now is rather...

Ok, so here is the story. I have 30 SOL from an average price of $200. (yikes!) I can wait for it to recover, and hope it does, or I can also scale in. If it gets to $30 again and I buy another 30 for only $900, my average price is now $115. That way, it only has to do about a 4x in order...

I'm sure everyone is wondering what it means to be forced to trade.. so I will ask! I know that every time I take a trade that I feel I was forced to take after watching it go in my direction and sitting in agony, its usually the worst time to enter. :banghead:

Yes, I did go into detail, but I still think that how easy a person says that trading is, is a direction reflection of their expectancy. If its really high, of course trading is easy, if its low, then not so much. In other words, trading expectancy is directly correlated with how easy you...

So I have been thinking about this some more, and I can certainly look at it from another perspective than the one I gave earlier, which is very similar to I think what you are saying nooby. If we consider your above statement to be true 90% of the time, then its not difficult to see how...

Yes, he was very transparent about this and I highly respect this. He said if he gonna shill something, he felt he should have skin in the game as well. Yup, that is almost too much money in one place. But it is all hindsight afterall. You would think all the crap exchanges were long gone at...

When I track my trades, I use every entry and then see what would happen if I used a 3 point stop and 5 point target, or 5 point stop and 10 point target, etc. It was amazing to see how my trade management resulted in the least number of points. Usually a 5 point stop and 10 point target for...

LOL... see... you just proved my point. You said initially that coding wasn't necessary, that is actually hinders, and yet here is a direct example where your coding skills gave you the go ahead signal after running a test that gave you faith in what you are doing. I think in trading, so many...

My issues are mostly psychological. My trade stats have been very positive if I stuck to a strict stop and target. But of course, I think I know better in the moment and then fudge them. Its obvious my losses are bigger than my gains, but this isn't how much OCO orders are set up. LOL... The...

But I think you are overlooking that everything you say only comes from experience of having done everything else that didn't work. We have talked about being red pilled before. How many true alphas are there out there? Maybe a handful of thugs that truly don't give a shit about anyone but...

I mean this with all due respect, but its only been in the past few weeks/months where you have been showing amazing and consistent returns. Your name here goes back 12 years. So does it become easy after 12 years? You had previous journals which I guess didn't go too far, that is part of the...

If the payment for the energy is coming from dollars that are just printed, will the producers not expect a better form of payment? Perhaps the prices of energy keep rising because they are already pricing in the "printer" surcharge.

I posted too soon before finishing the video. What David says about what we are seeing is free markets working is spot on. This is what happens when you don't have unlimited money printing as a way to prop up a fake system. If or when this happens to fiat, us crypto guys will be laughing just...

Wow, he had millions of dollars on Voyager. To be honest, given how huge these liquidation events are, its surprising how well bitcoin is holding up. I mean you have forced selling of tens of thousands of bitcoin, and yet it only dropped about 50% during these past 2 months. I know everyone...