I can't tell you the amount of times I took a slew of dumb trades that wiped out any gains I had the day before. Profit doesn't exist until it's never used to trade again. Be more careful after a winning trade not less.
The common pitfall that most people do is take profits on winning trades to take other positions. There are not that many runners out there in the first place. If you have one it's often times better to sit or concentrate on the few that are winning over the many that are not.
Just because you know the direction of the market doesn't mean you will make money. Trading is messy. Theory doesn't help when you are staring down a big drawdown in a big sweat wondering if you should run or buy more. Execution is hard.
The market doesn't care about you. It's up to you to adjust to the market not the other way around. If you missed the optimal opportunity. Think about why instead of blaming the market.
Depends on how confident you are in your entry. but personally think it's best to find a balance with what you are comfortable with holding if price goes up and saving some extra to DCA down further if it goes down after your entry.
There is always something you can do better. There are always flaws to think about. If you can't reflect on your progress and what you need to improve on you will be left behind as markets change.
Trading is mentally and spiritually draining. Stop trying to catch every move if you are feeling terrible and take that break if you need it. If you are trading with a shaky mindset chances are you are going to lose.
There is absolutely no way you are going to catch every opportunity out there. You will miss out and it will suck. The last thing you should do is force a trade after missing out. If the trade is gone it's gone.
Your PNL is only part of the equation. Focus more on how much gains you have made relative to your risk and whether you can replicate this. The process is always important.
The more you try to make back your losses the more painful it will be. Losses are lost. Don't try to make them back as that will just lead to more irrational decision making.
Too many people have these price targets that they want to reach. They want to get this, escape that. Focus on the process. Focusing on outcomes is going to make you do things differently. Take more size because you feel far away etc. Don't do it.
Even the best traders have losing streaks. You are statistically going to make a series of losing trades that make you question what you are doing. This is normal. If you are losing and can't find an edge, stop. This is the time to reflect not revenge trade.
If you don't know what your edge is, you shouldn't be trading. Know what you are good at and focus on that. If you are good with momentum, trade momentum. If you are good at early plays, do that. Don't play at a disadvantage or you will lose.
I have seen people make insane amounts of money but stay miserable because they can't stop. There will always be another mountain to climb. Another goal to chase. If you don't know when to stop you will always be stuck wanting more.
You will miss out on good opportunities. That's natural. The last thing you should do is try to revenge trade after missing out. If it's gone don't force it. You'll only make it worse.
Please open Telegram to view this post
VIEW IN TELEGRAM
β€44π9π2
JUST IN: A hacker responsible for the UXLINK attack fell victim to a phishing scam, losing 542M $UXLINK, valued at $48M.
π¦ Powered by White Horse
π¦ Powered by White Horse
π39β€8π4π€£3
JUST IN: The CFTC announces that stablecoins will be permitted as collateral in U.S. derivatives markets.
π¦ Powered by White Horse
π¦ Powered by White Horse
β€7
JUST IN: A post on SBF_FTX's account clarifies that SBF is not posting from prison; a friend is posting on his behalf.
π¦ Powered by White Horse
π¦ Powered by White Horse
π14β€4π3π€£3
Youβre allowed to have:
β‘οΈ Lambo
β‘οΈ Rolex
β‘οΈ House on the hills
But first:
β‘οΈ Retire your parents
β‘οΈ Retire your wife
β‘οΈ Provide for your family
The former are called luxuries.
The latter are called obligations.
π΄ Powered by White Horse
But first:
The former are called luxuries.
The latter are called obligations.
Please open Telegram to view this post
VIEW IN TELEGRAM
π₯39β€26π―14π2π2
Forwarded from WHITE HORSE | PRIVATE
$SNX Long
Entry: 0.71
Stop: 0.584
Partial take: 1.07
This token has been on the watchlist for a while since it was flagged by Upbit. That is exactly what happened with $AERGO right before it pumped 5x.
Right now Upbit is driving flows the way Binance used to, actively pushing tokens higher.
The risk here is concentration. More than 60 percent of the supply sits in a few wallets, which can create sell pressure once price moves.
But on-chain signals point to accumulation and potential breakout. That makes the setup worth taking with defined risk.
Entry: 0.71
Stop: 0.584
Partial take: 1.07
This token has been on the watchlist for a while since it was flagged by Upbit. That is exactly what happened with $AERGO right before it pumped 5x.
Right now Upbit is driving flows the way Binance used to, actively pushing tokens higher.
The risk here is concentration. More than 60 percent of the supply sits in a few wallets, which can create sell pressure once price moves.
But on-chain signals point to accumulation and potential breakout. That makes the setup worth taking with defined risk.
β€22π3π₯3
Crypto Insider
Avalanche is showing strength across both price and fundamentals, with momentum building fast in the past two weeks.
When fundamentals expand, price usually follows and right now, both are moving in sync.
Please open Telegram to view this post
VIEW IN TELEGRAM
β€8π5
JUST IN: Trust Wallet is set to launch perpetual trading in collaboration with Aster Dex, offering over 100 markets and leveraging up to 100x.
π¦ Powered by White Horse
π¦ Powered by White Horse
β€9π₯7π1
Corporate treasuries have quietly overtaken ETFs in total Bitcoin holdings, signaling a new phase of accumulation.
The real question now is not whether institutions will keep buying it is at what price retail will finally hand over their coins.
Please open Telegram to view this post
VIEW IN TELEGRAM
β€4
Onchain: The on-chain staking volume of $MERL has increased, with 232M $MERL ($71.5M, 23.7% of the circulating supply) staked, while only 91.84M $MERL ($28.3M) remains on CEXs.
π¦ Powered by White Horse
π¦ Powered by White Horse
β€2π2
This media is not supported in your browser
VIEW IN TELEGRAM
JUST IN: NFT stickers are now available on Telegram, allowing users to mint exclusive stickers into NFTs.
π¦ Powered by White Horse
π¦ Powered by White Horse
β€7π1
JUST IN: Polymarket now offers 4% annualized rewards daily on open positions in specific long-term markets.
π¦ Powered by White Horse
π¦ Powered by White Horse
π2
JUST IN: Tether's latest valuation places its chairman as the world's fifth wealthiest individual with a net worth of $224 billion, as reported by Bloomberg.
π¦ Powered by White Horse
π¦ Powered by White Horse
π2
For the first time since Bitcoinβs 2022 bottom, the Gold/BTC ratio has formed a higher low - hinting that gold is gaining relative strength.
This chart is a reminder: cycles arenβt just about Bitcoin in isolation. Watching relative value against gold helps spot where real strength or weakness is emerging.
Please open Telegram to view this post
VIEW IN TELEGRAM
β€20
Be uncomfortable for a year or two to be comfortable for the rest of your life.
Stay disciplined, it's all gonna pay off.
π΄ Powered by White Horse
Stay disciplined, it's all gonna pay off.
Please open Telegram to view this post
VIEW IN TELEGRAM
β€31π7π6
JUST IN: Nine European banks collaborate to launch a MiCA-compliant euro stablecoin, reports Coindesk.
π¦ Powered by White Horse
π¦ Powered by White Horse
β€βπ₯4π1
Ethereum has retraced about 16%, landing right on the same zone that marked the last strong launch higher.
ETH is back where strong hands often step in. Whether it repeats the last move or not, this is the area traders are watching closely.
Please open Telegram to view this post
VIEW IN TELEGRAM
β€11π₯5π€£1
Onchain: A newly established wallet has withdrawn 1,524 BTC (approximately $171 million) from exchanges in the last three days.
π¦ Powered by White Horse
π¦ Powered by White Horse
β€3
This media is not supported in your browser
VIEW IN TELEGRAM
Take a break from $ASTER and $BNB. Do something from this list instead.
My goal is to hold a proper plank before I turn 50. Not there yet. Just getting startedβ¦
Health is wealth.
Please open Telegram to view this post
VIEW IN TELEGRAM
β€21π€£21π1