Longer and wider is larger for more and better profits. Looking forward longer in the future can increase peace of mind. Daily or/and weekly fluctuations are only noise, staying away from this could decrease doubt and fear of missing out (FOMO). Trading day-to-day horizons can be extenuated. Few-day traders succeed better long-term. Expanding the timeframe of trading and investing can drastically increase the chances of success and the stability of portfolio volatility. ~If you want to do better as an investor, the single most powerful thing you can do is increase your time horizon.~ Morgan Housel I made a foundation with this new paradigm. Next week I will (re)start investing and trading focusing on the process, not the goal. The goal is to make money by preserving capital first and, of course, securing profits. The process is better risk management by opening fewer but sounder trades. Thank you to all of the 25 followers for their trust and appreciation since the beginning of the fabulous year 2024. Let's go! $BTC $ETH $SOL
#FLMPricePrediction fake rally still in place. As soon as wallets get filled with your orders, you know where the retracement fast and sharp will go. Yes, we will see you at $0.025 as soon as possible. Cash in your profits, do not round-trip them. Don't be dumb money. Don't hold another big bag. Take your profits as you still can.
#TRB The big whale made a great move which made by the big whale and positive sentiment. As soon as wallets get filled with your orders, you know where the retracement will go. Yes, we will see you at $30 ASAP. Cash in your profits, do not round-trip them. $TRB at under $29 soon.
#TRB The big whale made a great move which made by the big whale and positive sentiment. As soon as wallets get filled with your orders, you know where the retracement will go. Yes, we will see you at $30 ASAP. Cash in your profits, do not round-trip them. $TRB at under $29 soon.
#FLM The big whale made a great move of $FLM made by the big whale and positive sentiment. As soon as wallets get filled with your orders, you know where the retracement will go. Yes, we will see 0.02 ASAP. Cash in your profits, do not round-trip them. $FLM
The big whale made a great move of $FLM made by the big whale and positive sentiment. As soon as wallets get filled with your orders, you know where the retracement will go. Yes, we will see 0.02 ASAP. Cash in you profits, do not round trip them. $FLM
Looking forward: The market always goes up in the long term, indeed. Short-term though... Most of the money is made waiting for the good set-up to develop and the target to be reached. Patience is another name for the most precious ability of a trader. Yes, the recession period can be long and painful for most. Not for me, not for my partners, not for my friends. But this time is not here, yet.
~The scared money won't make money.~
Where are you now?
What are you doing to protect and multiply your money?
~Some people get rich studying artificial intelligence. Me, I make my money studying natural stupidity~ Carl Icahn We will go up sooner than later. What do you think $BTC will do this week, till Sunday? $XRP will retouch ATH soon.
To put on a winning trade is easy. To have a winning strategy is easy too. It was an experiment with a monkey pressing buy/sell buttons and beating most of the professional traders. To win consistently and to do it without gut hurts long-term is a huge realization and requires skills and experience pondered with great patience and discipline.
But something still missing to become a great trader or investor long term. What is the last item necessary to complete the magic pack? Detachment.
Full detachment from market noise, from up and downs screamings, from panic and euphoria, from self-aggrandizing, "how great I am".
Look for something where you love both the long well-awaited process and also the day-by-day struggles and pain, and the results will follow for sure. 100% sure!
Now is a particularly difficult time provide trading or investment advice. Even though, I am confident enough to state the following:
If you focus on risk, profit will come. If you concentrate your attention on profits, risks will increase and near you atracting mistakes and than losses sooner or later.
I intend to continue to trade less and less, to balance attention and energy on investing part of my portfolio. It will take some time, maybe some months, but long-term viewS and decisions will prevail from now on.
Focus on risk and profits will increase over time.
Focus on profits and risk will increase quickly.
I will trade less and less from now on.
“Good investing is not necessarily about making good decisions. It's about consistently not screwing up." Graham Mann
Here are my top 4 observations, just from internal analysis and correlations with my results, which I hope will help you too:
1. You have to take care of your health, physically and mentally. No negotiations here. You are playing among the most brilliant and powerful traders and investors in the market. You must be sharp thinking daily and crystal clear in harsh decisions. Staying away from trading or investing in a bad-blue day is a good decision. It is a day for fishing and a day for drying nets. 2. Trust your gut, but use your brain to be detached from market noise. Risk management before anything else. Staying alive is a priority in markets. Position sizing matters - no doubt here. 3. Following your plan strictly, being led step by step by your strategy, and being disciplined day by day can protect you from wrong moves at the wrong times. Do not get distracted by the news and rumors. 4. Patience will be always rewarded: think about your investment and trading horizon looking for months or even years ahead.
Patience is a huge under-rated trading and investing quality. #Launchpool I hope those will help someone, it is a gift for my followers that happily overwhelm me.
Take profits more, faster, and more often, but give time patiently for some red days of your just-started well-prepared investment. One needs to step back a little in order to push up harder. One step back, two in front. Bearish is my new second name this week.
“Always make decisions that prioritize your inner peace.” -Izey Victoria Odiase I am bearish here. Shorting a lot. But patience is required.
From today ahead for the next trading days, the market will test some lows.
Discipline + Patience + Detachment from the emotional rollercoaster of the market noise are a full recipe for a long-term profitable investment strategy.
Cold blood is the foundation of good decisions in the markets. I will trade less and less from now on. Watching grass grow is an art in trading. More than important even in investing itself.
In the next post, I will write my 5 (five) big lessons that made me a relaxed profitable well-seasoned trader.
Cold blood is an edge for good investing or trading. Wait for a better position to long for longterm holding.
Great knowledge without discipline is like a powerful supercar without a steering wheel. You can go fast and furious for a while, or look gorgeous in a parking lot or stats, but with no good target or proper destination or safe journey. You can grow fast or go high for a while, but sooner or later crashing, pain, and dismay are inevitable. Focus on risk and profits will increase over time. Focus on profits and risk will increase quickly.