stop trading like a cnut - 16th June
Yes, i should listen to myself more often, and perhaps 'stop trading you cunt' should become my mantra going forward as currently (past month or so) i have been trading like an utter, complete, total CUNT. I tweeted something out today that showed a bitcoin chart with some pink and green boxes on it. I did this after looking at the chart zoomed out and remembering where my most profitable trades had been taken, and at the same time, where i had traded badly. It didn't take long to realise that i get chopped to shit when btc is ranging, or, in other words, when its hit a high and is about to reverse (or at least looks like a top is in). Tops for btc tend to be more volatile than bottoms, the emotion (yes i know i know, a good trader shouldn't have emotions, gfy)) of that potential big run still gets your hopes up of the trend continuing upwards, and the fomo of not being in a position before this happens is what fucks you out of all your hard earned profits on the way up if you're not careful (yep, been there done that and got the t-shirt thanks - it sucks trust me). So, what do? Well, i'll tell you what i do, although i don't recommend you try it. You come up with a plan, set some levels that you want to trade, journal it all, set some alarms, be really patient and have a lot of conviction in your plans, and then, just as price starts doing something unexpected you log in to twitter, see some anon accounts going long bigly, and you end up COMPLETELY THROWING YOUR PLANS OUT THE WINDOW AND FOMOING IN!!! what a cunt, honestly, again, i have such a love hate relationship with twitter, but, if only i could filter out anything to do with actual trade setups people are taking and just keep it to the memes and usual bullshit about gainzy being old, wassies being abused, and Charles verbally self-harming himself with tweet upon tweet of self-depracating negativity (which is really funny by the way) that would be great, thanks.