I think I won't reach 13 losses in a row. Idk maybe something special happens when I get to 13. I'm "only" at 11.
The gravity pattern I invented is too good. It won't fail me. Or maybe since I share it people that laugh at me will start taking it seriously and then it will stop working. Or maybe it doesn't really work at all I just got lucky a few times.
You only get rich if you make money while you sleep, I got filled while I was sleeping. (More like lose money while you sleep rip).
Let's do this, I'll try staying in as long as possible.
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Broke the top neckline. I'd love to see it dump. Will move SL soon but not right yet not sure where to put it. I'll stay until it bottoms or if there is a sharp reversal. Leave my SL far for now.
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Might hesitate a bit at this level. Moved SL to breakeven.
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Dumping. Moving SL but leaving it really far until I see some kind of bottom.
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Going out. Will set a new stop loss in 2-3 hours.
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Usually when something goes superstellar your way directly as you enter it will be one of the best winners. I count on running this one to the moon! So simple.
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Should have posted this as educational.
The week is over for me, I will still check this and trail my stop, but I take it easy on the trades I am in, and I stop looking at my watchlists, I don't ever take anything new on a Friday. Don't want to take weekend gaps.
The weekend, saturday or sunday evening depending on my motivation I'll often just delete all from my tagged watchlists and all my alerts and just start clean.
I have 40 charts to check (4 commodities - Metals & NRJ - 5 indices 31 currency pairs 0 crypto now 0 bonds 0 agri 0 stocks).
I look at the price and the support & resistance levels, and try to remember what I was thinking of it. If I was very interested (Right now afaik I am in USDCHF & interested in shorting NatGas & Dax soon) I'll tag it, otherwise I set some price alerts and when they pop I look at the instrument more in details check my bias and then wait for a good double bottom or top to enter.
And then rince and repeat.
I am interested in shorting all indices but I chose the Dax because it's the most bearish one with the best RR and the cheapest fees of anything are a nice little bonus. Dow Jones just gets saved and pumped to new highs anyway zzzz.
Simple routine. I think I watch a manageable amount. I am never in more than 3 trades maximum. If I was a little whiny coward that wants to avoid drawdowns I'll look at more and diversify more, I think 8 to 20 is what gets recommended? But I don't care about 11 losses in a row, I embrace it. I try to beat records.
I rather put all my eggs in 1 basket and watch it closely. I look for rare gems, I want to know everything about a trade and getting comfy with it before entering it.
I really think it is much more enjoyable that way also, to really get to know what you are down and then watch it closely.
I don't ever go all in on a single trade at once thought and I rarely have 1 position at once.
My degen bets last anywhere from 1 day to 1 month and I like having 2-3 at once.
If I get bored and hyperactive and need more of this I could look at more metals than just copper gold, or agri, or some stocks but then it will start anoying me and I'll be too split apart, I just don't like it. So I watch the world economy, paradigm shifts (back to socialism and far right), crypto collapse (hilarous ponzi).
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And a new stop loss... Lose spree is clearly over I will make at least 5,5 times my risk. It bounced on exactly 10x 2 hours ago lol. I want more, I want the M00N.
The "So Simple" theory has been costing you money. "Never see 10k again" lol. I would just stop shorting . We have bakkt coming in right at the end of the wedge. Halving has always had a bullish result. There are too many reasons not to short. I am not yet a believer that Bakkt will do a lot but try and sink Bitcoin so you might have some short term success there, but than after that dive they will accumulate for halving. Boom.!
gnosis7777
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@BradTrimas, Bitcoin is a scam and this chart has nothing to do with it. You're in the wrong place.
BradTrimas
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@gnosis7777, if Bitcoin is a scam Who are the benefactors? Why are those benefactors any different when they manipulate the stock market.
MrRenev
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@BradTrimas, Ye I wonder who. There is clearly no one profiting from it or dumping on bagH0DLers.
BradTrimas
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@MrRenev, yea. The winklevoss twins are clearly broke. I bought a house with half my holdings. No profit.
BradTrimas
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@gnosis7777, So early investors are the scammers. So when I bought LVS at 1 dollar they I was a scammer because now it's over 40 and this stock is a scam? Wow. All early investors are scammers. Promoting something they don't control or own. Sure they mined Bitcoin at an early date using a computer and a proof of work costing them money for their investment via electricity. The dollar is printed by a corporate entity, at will, and gambled by the banks at 100x leverage in the derivative markets and that's "real money". Real money is an illusion. Fiat currency has never been secure, always counterfited, more private for crime than Bitcoin and controlled by a centralized corporate entity the fed. Bitcoin bears no difference than any other investment in the world except that it's decentralized and not controlled by any one entity. The 100 dollar bill costs 4.3 cents to make and has 100 dollars in purchasing power, even worse 90 percent of all fiat is digital issue out of thin air. It loses value in purchasing power every year, approx. 98 percent since 1912. The dollar is an outdated manipulated currrency printed at will in China also by counterfitters as our technology has passed the paper fiat. Bitcoin is a gift to the people over the dollar.
gnosis7777
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@BradTrimas, BTW, I don't believe you're anything more than a teenager who doesn't understand basic economics. Here, maybe this site can help you: defundcrypto.org
BradTrimas
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@gnosis7777, Sorry, you can google me at brad trimas, I am 50. "Regulated markets like the stock market". If you dont already know the stock market is rigged, than your the sucker. Naked shorts control the market when your a whale.