Host of !MF Market Flow💹 Boss Fighters TA ⚔ Straight up Traders Tired of time & money lost on others so I focus on myself and crew "It was always SOLANA"
Above alltheBS
Joined September 2014
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M◎DE AssA retweeted
Are you solana:FjTfaSH861nVcbAxdFAHTvhoSL4kyR6wgTWynuJkapht -pilled?
The Digital Credit Flywheel leaves no bears behind
Let's play a game...
We called the-open-network:native at 10am est as last chance before breakout in #BossFightersTA Discord this morning.
TP targets at $3.90 & $5.45
It's been written. #BFTA
I got into crypto with to much money, not enough experience, and at a time when number just go up.
It made me think I was a good trader. When the market and the Reality was, you could buy about any token and number go up. And if it got exchange listed back then ... BOOM🚀
Money was EASY to make.
Money is easy to make in crypto. Keeping it is the hard part.
I round tripped what wasn't lost in Celsius, Luna, Voyager etc etc. Just to then take what I managed to keep to sell bottoms to chase pumps that would inevitably retrace, just to watch the token I sold then have its rally.
Along with that came my wallet inflation and then destruction from NFTs.
I then went FULL FOCUS on the charts. Everyday. Most of the day. For years. I needed better TA and understand the markets on a whole new level.
I tried 10k diff strats and indicators and put 10k hours on charts.
I learned to nail entries... but not yet exits. Again, money is easy to make but hard to keep. My TA focus grew to near obsession along with my progression.
I got to the point where I considered myself a high level chart analyst. Chart predictions that more often then not hit targets. Easy plays in hindsight, but foreseen to trade.
At yet, I still wasnt profitable. Like what? How?
Because I wasn't consistently profitable, because my trading wasn't consistent.
It took a long long loooong road to realize that it wasn't better TA that I needed. It was consistent rules and trading structure that was needed to be profitable and remain profitable.
Understanding true Risk:Reward is more valuable than better indicators.
Understanding true portfolio management is more valuable than access to more capital.
So many lessons learned. More than I could detail here. Still, above all...
#1 is keep losses small.
I consistently make (and share in my group) profitable calls. From spot and stonk to total degenshit, we nail clean entries and clean exits. But it's not just about making money. It's about HOW to make money and how to do it consistently. It's learning the rules and structure to MAKE money & KEEP money.
To keep money... keep losses small.
And take profits.
if you are new and trying to get experience onchain then you need to prioritize keeping losses small
that’s #1 and it’s not even close
win rate is overrated when you’re starting out because you don’t have enough reps to understand what makes coins move yet
big losses are hardest thing to comeback from statistically. there’s lots of gambling/risk math that supports this.
if you already have taken a big loss then either take a break or if you redeposit then wipe your slate clean and stop trying to “make it back”
yes conviction is cool when it pays off
but conviction is not worth it, if it means you have a high likelihood of sustaining a big loss
end of the day, this is a social pvp game where the goal is to buy things that others will buy at higher prices
in this type of game, the best coins will always be the ones that attract the biggest buyers at the highest prices
