“We’re towards the end of the cycle” = I took too much profit / sidelined / price is above my exit

“We’re in a supercycle” = I haven’t made any money yet

“We’re in the early innings of the cycle” = I just made some money, this better keep going because I’m sizing up

GM

$BTC sandwiched between recently reclaimed range low and a cluster of trend followoooor MAs

Burger Open in 3 hours or so

Still flat (I sold everything in March 2020 and am waiting for bullish confirmation on the yearly chart)

Most of your trades will be insignificant blips on your lifetime PnL

If you never size up, you'll gradually bleed out

Small size for learning, experimentation, and market tuition

Large size for high probability and/or large asymmetric bets

Don't diddle in the middle

GM

It’s important to have a balanced diet so that your mind is sharp for trading

For example, I had three mangos for lunch

There are plenty of traders who make a lot of money with 'basic' tools (price, Moving Averages, standard momentum indicators et cetera).

More complexity often = more noise, which makes it harder to build a system that you can actually execute in the market.

Unnecessary…

$BTC

Looked at my PnL and had to do some rebranding

Outline your most bullish setup

Something that results in a high probability of price moving higher

Now outline what it looks like when that setup fails

Congratulations - you have a strong bearish setup

Do the same for the bearish side

Result: 4 high probability setups

Funding rates are a hot topic again

I wrote a detailed article about funding, open interest, liquidations, and CVD a few months ago

I think it's a decent piece

medium.com/@cryptocreddy/…

Trading should be boring.

You should know what you're looking for, how to execute the idea, and how to manage it.

The majority of the time is spent waiting - doing nothing when there's no trade, and doing very little whilst letting the trade play out in most cases.

If you have…

Hindsight risk management post
Vacuous trading psychology post
Vague bullpost about surviving before real bull run
Hindsight did you buy the dip post on green day

Queue 'em up

Maybe it’s the fever speaking, but am I an idiot for not doing ‘KOL’ angel rounds?

My reasoning is some combination of:

1. I’m probably not smart or experienced enough to materially add value in any technical way.

2. Projects that have a large or predominantly KOL investor…