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My wife obviously read that book. She's never wrong!! :)

I hope I'm not wasting everyone's time. Getting people to think for themselves and question their beliefs is sometimes worthwhile.

Do you really think it would be a waste of time to explain to me, to others and mainly to yourself what it is you've learned in the 3rd cycle. And maybe explain your risk control strategy.

I'm surprised you haven't mentioned this before. :) Especially as you seemed to be arguing against selling. Although I always assumed you had sold some to build up your cash reserves. What lesson is it that you learned after the third cycle? I'm not afraid to go to 100% cash and I'll hold a...

Don't tell me you are coming around to my way of thinking. :)

Hey!! He gave him a gold star; that's pretty positive. You gotta be damn good at something to get a gold star from Vic

That's where it gets complicated, on the right side of the chart. When you start on the left side of the chart and show what you did and why you did it, then trading is easy. Showing what you did yesterday is easy. Explaining what you'll do tomorrow and calling trades in real time is a little...

Stockcharts.com $BTCUSD weekly. Tradingview BTCUSD weekly.

I don't see what I'd call much more than average volume. This weeks increase don't look all that impressive on a weekly chart. Gotta ask yourself who is selling?

A lot of might's and could's in that article. Hope is not a good investment strategy

Don't know if you've noticed but the stock market and the crypto market have been lowering prices. :)

That's too bad, I was rooting for you. 100 bucks a day seems pretty tame compared to your million dollar goal. They say a mans reach should exceed his grasp or something like that. Don't make life too easy on yourself. How the hell you going to live on 100 bucks a day?

Hey!! What happened to a million on 5 years?? :)

Why a business at this time? As a business won't data fee's etc be more expensive although they can be written off. What is your time line for being able to live off trading income?

You mean no one made any money selling at a profit as the price tumbled? What a shame. I'm not waiting for the bottom, I'm waiting for the trend to change, then I'll speculate.

Not sure you get raped by inflation, hauled into the bush and groped maybe but at least with cash you have something you can use immediately when an opportunity presents itself.

No I trade the daily/weekly charts. I control risk with position size and scale into trades that work. Start with a small position in case you need to get out. Tight stop on initial entry then add to position so that you keep the risk small. After the second entry the trade should be risk free...

Looking forward to it. It does help.

To state the obvious we have different strategies for taking money out of the market. The more volatile an asset the tighter I place my stops. If/when I'm wrong I want to keep my losses to a minimum. When it's volitile my wins will be much greater than my losses. 80/20 rule; I make 80% of my...

What do you do if you lose several trades in a row?