If you lost 70% and think what's left to lose... you are wrong, I had that mentality when I was down from a mil to $300k in dec 2017 and lost everything afterwards
First day I'm realizing that I literally am becoming a refugee. Almost zero physical assets (a couple of shirts, bags and tshirts and a laptop), with my 2 flats in Kyiv with everything else (physical) I own and a car under risk of complete destruction or being inaccessible.
Everyone saying goodbye to their ftx money. I guess I cannot mentally accept it so quickly and for now still believe a miracle (CZ) will save over 50% of my nw. Since I cannot do anything anymore with this, massive hope is not so damaging in this case like it is with trading
If 9400 breaks up CT will say it's because everyone is buying $btc due to $Libra announcement.
If 8800 breaks down CT will say it's because everyone is selling $btc because of $Libra.
doctor says I need to be hospitalized asap or I could die, lol
mentally accepted this state quite quickly but also in disbelief that just a week ago everything was ok
Back in 2018 during my degen run on Mex I was often asked "wen leaderboard"? 3.5 years later, a couple of exchanges changed, having at some point a 97% drawdown again (yikes! sloppy phone trading without putting work q3'19-q1'20) I can finally answer the question: now (FTX PNL)
I would describe my trading results like this: 70/25/5
70% of trades are losses or near-BE trades
25% are profitable; couldn't reach my ultimate goals but cover 75% losses
3-5% are home runs that built my capital
I'm in the market for above 5%; 95% of my activity is "useless"
I'm already getting criticized for having 3rd losing trade in a row while all of them being sub-1% losses in a very choppy market! Friendly reminder: I don't owe you anything. Haters gonna hate, traders gonna trade.
Should I go through coin by coin (~top 20) with my thoughts on theoretical valuations on them? That's not an easy work so only if you would appreciate it (like, RT comment whether you agree or disagree and point me out when I'm potentially wrong)
Man, I have been spot on with most of these moves. I don't remember being in such a good trading shape since my bitmex run. The 2 year trading hiatus apparently was rather good for me. It's a shame that I only got 35k followers but I appreciate the ones reading it - I have seen a
Where I've been? Building a lot of IRL connections preparing to enter business world, especially since I can fund some of my ideas myself. Trading is fun, but isn't that just a tool to reach some higher-level goals when certain life standard is already set in stone?
1. We broke down 3-months consolidation and 200DMA -> I am assuming bear market till proven wrong.
2. With
#1
, it means $btc bull market failed to break previous ATH for the 1st time -> I am going to assume the first MACRO-BEAR market!
Happy to be wrong.
Guys, please stop wasting your time messaging me with donation requests. I don't mean to sound arrogant but I have a large list of IRL people who are higher on my priority list compared to internet strangers.
Coins from 2017 that have not (or not close to) broken or challenged their ATH during this bull run are very likely to be ghost projects/chains. IMO one really needs to rethink holding them.
Mother's husband just joined the ranks. Unlike your dumb (in same cases fake) Ukrainian friends "who were not worried, it's just propaganda", mother evacuated a bit earlier, sister and friends still in the capital though. My paradise vacation turning into shit
Likely will have to sue a person who, just half a year ago, was calling me a friend. Money destroyes relationships easily. And shows the true personality.
Strangely, I'm excited to get this life experience. Feeling large influx of energy to win and destroy
I think alts won't do another big alt season, but I can't be certain about it.
I am absolutely (99.99) certain they are never breaking their combined ATH ever again.
Ok guys, i haven't been writing for a while but I figured a very nice Bitmex trick. This helped me making the killing trade below.
I'll go with an example.
Current Index price: 5500
Current swap price: 5000
These days feel like the days where I would be pretty active in the market for good or bad reason. First time in over a year I even felt some FOMO, despite not making a single trade since FTX collapse. Can't wait to get my monies back and enter the game! Who still remembers me?
First time in my whole trading history I bought a significant % of net worth, 7 figure $ amount of
#gem
/
#shitcoin
(depends on your terminology) of a project FAR outside of top 100 coins (L2 AAM). Should I write about it with my thesis in detail?
#DeFi
If 15 years ago, I liked games like Age of Empires, Starcraft I, Commandos II, Total War series, what PC games would I like now? Usually i like something semi-educational, esp. in terms of history
March 2020 was probably the last nail in the coffin for leveraged trading for me. I will never get rid of PTSD from that day. Today's mini crash immediately brought up the memories. Was almost on the brink of being destroyed and definitely didn't believe i'd be where I am now lol
I don't spend much $. Before covid, my avg spending was ~4k/month, now 2-2.5k. I live in small apt that isn't even mine and drive a nice used 2013 Porshe. What are the non-obvious (eg house/cars/travel/donations) but specific things to spend $ on? Not huge on parties + have gf
Am I the only one who feels like Bitmex leaks memory? If I leave bitmex tab open for a very long time, my computer starts to slow down and I see the tab using gigabytes of RAM
I tried to short almost every resistance in this bull run. If not lessons, made when I lost 99.7% in 3 months, I'd probably be completely rekt right now. Instead, I made new USD capital ATH today.
Going from crying from what's happening to laughter and happiness seeing how fierce and united is our country. The first two days is a psychological victory for Ukrainians.
🇺🇦🇺🇦🇺🇦
Ngl, after seeing how rich are some people younger than me (often because they joined the space in '13-14' or just cuz they are better than me) I forget to appreciate that I'm a multimillionaire in my mid 20s and feel kind of poor. It's a temporary emotion but still interesting
I am not against making money through social media branding but making a paid group is the last thing I would do. And why would I want to get a scammy "job" again if my goal was to leave it since the very beginning? RT if you agree
$btc
#nopaidgroup
#noscam
Got a somewhat typical but nevertheless interesting question. Interesting, because I think is one of those, where the answer is not typical to what the average newbie expects.
HAVE (or develop!) MORE FEAR THAN GREED.
If you are into trading you are already greedy enough.
Has been overtrading and overleveraging in early-to-mid July getting easily shaken out. Decided to stay out of the market to re-build mental capital and wait for better conditions. First trade in more than a week - perfect dip bottom buying and start of a new trading season! :)
$btc looks pretty bad. Shorted above 10k, today might be the last time we are at 5 digits for some time if we can close below the trendline I'd love to finally fill that 8.5k gap and go long around then. But it feels like if we go there we probably wick even lower.
Losing money never stops to make you feel momentarily poor as fuck. Even if just recently this was your ATH. Hands itching to make it all back in one trade like in good old days of using big leverage but need to stay in control
It's interesting that everytime $btc low is taken off, we instantly go back up. Accumulation sign? For me - as long as we are above 42k, probably the answer is yes
It you were around in 2008 - how does this feel in comparison?
I am feeling mixed emotions of disbelief, being amazed, slight fear about my country but also opportunity
Markets can do anything they want and this can be completely wrong.
But, hell, bulas, tell me that this doesn't look like classic Wyckoff distribution!
Someone had a 40mil spoof buy wall of $40mil on mex. I prematurely bought $9mil pos at 11700 earlier today, dumped him on market at BE since he provided so much liquidity. Interesting what happens, if he was a spoofer, he shouldn't be too happy. Myself, I'm still leaning bullish