I am 21 and know nothing about trading one of my friend said me to open this trade I opened and now he is not replying Please experts guide me what should I do I know your time is precious but you few minutes really helps me a lot I don't need followers nothing just guide me Thanks I will respond to every comment $ETH
Part 2 That being said, if you truly want to become a trader, put in the work.
Master the craft.
Accept that it takes years of dedication.
Itās one of the best jobs in the world if you can do it successfully.
But if you think you can casually day-trade for a living while juggling a normal life, youāre lying to yourself.
Most of the so-called ātradersā on this platform are only showing you the positive highlights of their trading journeyāor, even worse, donāt even make money day-trading.
Donāt let their bullshit give you a distorted image of reality.
To conclude this rant:
Macro investing still works.
99% of the wealthiest people in this space didnāt get there by flipping their bias every 2H candle.
If history rhymes, the euphoric phase of the cycle is still aheadāand when it comes, it will be powerful as usual.
And guess what?
Trading works too ā but you donāt have to get blinded by fancy shit and actually embrace the journey to mastery.
The best strategy?
My advice?
Do both:
1) Build a long-term portfolio to ride the macro cycle and wait for euphoria.
2) Use 5-10% of your capital to actively tradeālearning the craft while keeping your risk in check.
By adopting this approach, youāll get the best of both words.
Rant over.
Hope every single one of you will make it in the coming months, despite the path you will choose to follow.
Iāve recently seen a lot of people giving up on investing.
Theyāre now convinced that buying quality coins and holding them for some time doesnāt work anymoreāand that the only way to make money in this market is through active day-trading.
All Iāll say is this:
Congrats, youāve been successfully brainwashed.
I donāt blame them.
The past few months have been mentally and emotionally brutal for Altcoin holders (especially those deep in small/micro caps).
So naturally, they start thinking this shit doesnāt work anymore.
But cherry-picking a timeframe that fits your āinvesting doesnāt work anymoreā bias while ignoring history isnāt exactly smart.
We just went through some of the nastiest PA in the history of the magic internet money market.
Even some of the best investors got caught off guard.
But hereās the thing about financial markets:
When the pendulum swings too far in one direction, it always snaps back aggressively.
And trust meāyou donāt want to be sidelined when that happens.
Nothing has changed.
Playing the macro cycle will always be the most lucrative way for most people.
You just need:
> A strong mind. > A bulletproof plan. > A Fā¦.&k ton of patience.
TIME IN THE MARKET > TIMING THE MARKET.
Youāll look delusional until payday arrives.
But when it doesāitāll be worth the wait.
Donāt get me wrongāIām not hating on trading.
It can be insanely profitable too.
But the truth?
99% of the wannabe traders you see on X will ultimately get rekt and quit.
Most confuse beginnerās luck with skill.
They learn some random TA from āsuccessful tradersā and think thatās all they need to beat the market.
Then they hit a few wins and believe theyāre some kind of genius.
Until reality humbles them.
Once beginnerās luck fades, they realize they know nothing and are just lambs in a world full of wolves.
Little tip:
Donāt confuse analysis with trading.
Being an analyst ā Being a trader.
Anyone can be an analyst.
But being a consistently profitable trader is a whole different beast.
- Indices dropping heavily (important to see how the US šŗšø stock market opens on Monday, especially Nasdaq and the SPX) - BTC dropping from 99 to 94k - ETH dropping from 2800 to 2600
As said, bybit handled the hack like real professionals.
The market is already back at pre hack levels.
If US opens in the green we have odds of going to retest the high of the range 102.6-104.3k where ideally Iād be vigilant for either a breakout to the upside and finally leave this choppy price action behind or rejection back in the range.