If you want a “safe” 3-5x, honestly this is the answer. Simple $BTC, nothing too fancy..
100k BTC isn’t out of the question, just a matter of when imo.. So I would like to at least own 1 BTC and accumulate BTC around 11-13k. That would be around 30% of my total PF. But I think it is worth the R/R at this point of time. So, if it comes, I will be bidding and DCAing throughout 2023 till 2024 BTC halving. I would be working at that point of time so accumulating some wouldnt be an issue, but if it comes now, the max I can go is only 1 unfortunately.. A small amount compared to many other financial folks out there.
Torn between ETH or BTC, but I think narrative wise going forward, BTC has a stronger edge. Nothing concrete yet, but I am open to accumulating either one. Leaning more towards ETH out of love for L1 but it’s important to detach your emotions from investing/trading.
These 2 years will have a strong impact on your net worth in the far future, so pick and wisely.. You will be rewarded in the end anons.
Been awhile since I’ve updated my trading plans, but I’ve managed to compound the initial $50 till $400 USD. So I’m pretty pleased with it. Of course Ive lost almost all but managed to make a comeback and have been tweaking my trading plan ever since.
So far, I’ve only been trading one type candle stick pattern. Literally just one LOL. I’ll prolly come up with another post for that talking about my strategy because it’ll be a fairly dry topic.
My plan forward is really simple and small, to generate $50-$100 per week if possible for my own spending LOL. Treat myself or my close ones to a cheap meal or whatever.
When I get more comfortable with trading in bigger size (4-5 figures) on low leverage, then the weekly generated income will prolly be larger. But the sole focus now is only 50-100 per week as this is the amount that I believe is possible at my current novice level. That’s all I want for now, not aiming for any unrealistic moonshot. Consistency is what I strive for.
Although I’ve improved emotionally in terms of trading, there’s more to work on and the learning process will never end because every situation is unique on its own.
This post shall serve as a reflection to always remain humble and hungry for knowledge even when in profit. I know that my profits are small and pathetic compared to many others, but I believe with time and a lot of effort eventually I’ll get there.
Sold all my short-term spot bags yesterday, managed to cut loses quick before it compounds. Adaptability is key here. Always prioritize capital protection in a bear market.
At the end of the day, it’s all just probabilities. Any bounces from here are shorting, just purely based on my trading system. Doge/Shib mooning was really the top signal. Guess that the only thing that I did well this time was cutting my losers early and hedging with a short. So close to breakeven. It is what it is, we learn and move on.
This is something that I will never understand, if you thinking of apeing into some meme tokens on a meme blockchain.
Kudos to your bravery, but you should avoid the HODLER mentality here or you’ll get rekted. The PvP game’s getting harder and harder to play as liquidity is drying out and it is likely that the players that you’re playing against are sophisticated gamblers.
So the odds are against you really. But please only ape in what you’re willing to lose. Stay safu anons.
Generally, when meme coins starts pumping, it is an indicator that the uptrending market is about to end. Except for the last cycle where Metaverse tokens followed suit, after which L1s were the narrative.
I do think that the metaverse is heating up and that it’ll be the next to run after meme tokens.
Currently, I am only invested in AXS as I like how the chart looks, hoping for alil more dip to get in with more size.
It’s ok if you miss the run with meme tokens, the higher it climbs, the harder it falls. I’ll remember it at resistance.
Those that bought ETH at 800-900ish, well done! I was one of the bearish ones that thought $750 was in sight. I still do think that ETH will eventually trade towards $750 eventually. But since I didn’t get my entry, I’ll look to play ALTS for a catch up trade.
Like I’ve said before, being adaptable is key. If this doesn’t work out then what? Have a plan B, find your best edge and learn to unleash it at the right time.
I find what works best to curb FOMO, is to enter half size first, and place another half size bid much lower. This prevents full on FOMO, so if things moons from there, you’re covered but if it dips alil, you’re covered too.
Sure your gains will be limited but at least you’ll be more consistent. Consistency is key. Now isn’t the time to fade any pumps. Sep 15, mark this date down.. ETH merge date.
That could be a catalyst to either a nuke or pump depending on the outcome. I’m leaning towards a nuke. Let’s see how it goes.
Hoping for a good pullback so that I can enter in full size for FTM & ROSE. Don’t think that my bids for PYR would be filled given that it’s already 20-30% up from my entry.
We still have 3-4 weeks to enjoy gains in an uptrend. Don’t waste it anons. Keep rotating and following narratives. Be flexible.
Both my bids for looks got filled kek. Still waiting for my PYR bid. Scary place to bid but I think that BTC still has legs. 28k within reach in the short term. Just playing bounces for now.
Was chatting with a close friend about his recent Apple long profit. Both of us agreed that the stock/crypto market is indeed a place for sophisticated gamblers. Whales or market manipulators will always exists be it in tradfi or crypto. I’ve heard of many whale stories from close friends working in tradfi industry. People lured into a big ponzi mind trap thinking that one trade is going to make them millions and ends up losing it all. I’m sure you’ve heard plenty.
I know of a person that lost 300k from Luna’s exploit. Really sorry to hear that. But these stories will never end unless human greed cease to exist which is virtually impossible lolol.
These are the group of people (whales) that are able to milk everything outta normies like us because of insider information. As retail investors, you’re already at a disadvantage. Additionally knowledge disparity further deepens the problem.
Put a few newbies at a poker table with experienced players and what do you think will happen?
The least you could do to protect yourself is to arm yourself with knowledge. Only then can you make your own calls and be a profitable trader. Like it or not, if you wanna survive in Crypto, you must learn how to trade and follow narrative. Bare basics imo.
Everything is reflected on the chart, the hard part is extracting information from it and reacting appropriately. Take years of experience. Know when to cut losers and keep winners. Let the chart guide you. It’s your best friend. Find a timeframe that fits you best. Spot and higher timeframe for me personally. Master the crap out of it now and it’ll be easy in the bull run.
The more I learn, the more I realise metrics like P/E ratio, TVL and etc are load of crap. The only reason why something is mooning is because people believe that a certain narrative will change the world. Metaverse for instance. This is why I don’t really believe in these “fundamental” crap anymore. Follow the narrative and it is unlikely that you’ll fail.
Look at how strong OP has been all because of ETH merge narrative? Use this information to your advantage. With this merge coming up, what would go up together with ETH? LRC/IMX? (Literally L2s) pull up a chart and you’ll get what I mean.
That’s enough for information for today. Thanks for reading! Have a good week ahead anons.