Pretty late to the party, but cut some $MYRO to get $WIF short, so we can scoop $MYRO again later.
Читать полностью…Technically, the rejection of the ETH ETF is expected. They will probably pull the ETF by the end of the year. That is why people are targeting a maximum bullish trend in 2025. Watch Q1.
But, let’s see…
To make any short swing position, will be looking for monthly close for conviction. Otherwise not gonna randomly taking an action again.
Читать полностью…$BLUR is back to the level where we were longing it, while $JTO skyrocketing.
Learning something here.
Small lev swing position that has been open 25 days, with 2x cost around IDR 400K-ish.
Читать полностью…When there is no volume 😅
Entry wise, $PEPE is having much better movement than $MYRO. 24 days in. Literally just waiting.
$JTO not moving much, but still maintaining key level, despite the bitcoin correction.
Читать полностью…17 days since opened. Once trade close, will try to make a public journal as well. So we can learn together about reasons of actions.
Читать полностью…$JTO weekly pattern, remind us with $BLUR's setup before it went higher a few weeks after the weekly consolidation candle. Still maintaining strong levels despite the recent market breakdown. Higher low.
Читать полностью…$130 B coming from blackrock ETF in 16-17 May 2024. The last two days. Are they also scooping more Bitcoin during the weekends?
Читать полностью…Some memes that survive the rugpulls are at peak level, only few are laggards.
Screening…
$MYRO for long, $WIF for short and $JTO for a good day. Never financial advice. Only food advice. Dont believe anybody but your own entry. Ciao.
Читать полностью…We will put a couple of things on the short watchlist, including $WIF and some other memes. Before taking any action, I am still hoping the laggards will follow the running mates first.
Meanwhile, public position is still $MYRO.
Over the time we need at least 100 trades to back test trading strategy. Imagine only open one once at a time 😅 You need years.
Unless if you are scalping 1h - 4h time frame.
Sejauh ini, lo tracking total trading lo, lebih rewarding mana, antara scalping, swing, holding atau holding + DCA?
Читать полностью…Always backtest your trading strategies; it's a constant battle of “you vs yourself.”
Thorough backtesting includes:
• Setups, Patterns, and Candlesticks: Test your favorite technical indicators against historical data.
• Money Management: Evaluate your risk tolerance and how you allocate funds per trade.
• Time Frames: Determine which time frames align best with your strategy.
• Leverage: Experiment with different levels of leverage in conjunction with your chosen time frame.
• Entry and Exit Points: Assess ideal trade entry, close, stop-loss, and take-profit levels based on backtesting results.
• News Sources: Backtest the reliability and impact of your news outlets (e.g., Telegram channels, specific accounts,Discord servers) on your trade timing.
Realistic Expectations
No trader achieves a 100% win rate. Focus instead on keeping losses smaller than profits. High margins with a lower win rate are achievable.
For example, with a 20% win rate (2 out of 10 trades), if your two winning trades significantly outweigh the losses on the remaining eight, you're still profitable.
Patience is Key
Finding your perfect trading rhythm takes time – potentially months or even years. Remember, this is a marathon, not a sprint. No competition for the grind, take your time. Fall 7 times, get up 8 times.
The results of this 3rd public trade with a starting capital of $1,000 haven't been consistent. To manage the risk of margin liquidation and allow for small DCA opportunities, we've added another $600. Despite this, the position remains at a loss of 47% compared to the initial investment.
$MYRO