aoc | Crypto Trader
over 1 year ago
Trading is war. War against others. War against yourself. I've been a soldier in this war for almost 5 years. Here's some tips on how you can come out on top: 🧵
Most traders in this war are like peasants. Pawns sent out by the kings to die a meaningless death. (lose all their money) You're probably a pawn. No offense. But you can fix this. Here's how:
1. Adopting a contrarian mindset In this war... Most people simply charge headfirst into the frontlines without a second thought. This'll look like: • FOMO entering on pumping assets. • Panic selling near the bottom. • Zero semblance of a trading plan/system
Instead... Do what others do not. Have the courage to: • Ignore the popular coins • Buy the "boring" coins • Sell the green candles • Buy the red candles And most importantly... Have a system. When price does x. You follow: Step 1 Step 2 Step 3 Do this and you will win.
2. Prepare like a warrior. Imagine you were going into war tomorrow. What would you be doing right now? You probably wouldn't be scrolling TikTok late into the night and screwing up your sleep. Or eating junk food that'll mess up your energy and mental state. Right?
Instead... You'd probably be: Fueling up like a warrior... So that you have strength to fight. Meditating... So that you remain calm in battle. Polishing your gear... So that it does not fail you in battle. Resting... So that you have the energy to wage war.
Understand that every time you enter the markets... You are entering the Colosseum. Where your enemy gladiators are: • Hedge funds with state-of-the-art algorithms • Central banks with near-infinite capital • Literal sharks (pro traders) who've been doing this for decades.
Are you simply going to enter the arena with half-assed preparation? Probably not. Right? In fact... The traders who've been in this game for a long time will also tell you: Getting into a healthy routine will improve your trading performance like nothing else.
3. Intelligence gathering Imagine for a moment. You are a general about to send your soldiers into war the next day. Would you send them in without: • Knowing how strong the enemy forces are • Studying the terrain • Predicting the enemy's potential moves Prolly not. Right?
The same applies to us as traders. Before we enter the markets. We must study the environment. What is the higher timeframe doing? Is it bullish? Or bearish? How is the macroeconomic enrivonment looking like? Quantitative tightening? Or easing?
Not acquiring intel before you send your troops into war... Is akin to sending your soldiers (your trading capital) into battle to be slaughtered like pigs. Always study your environment prior to placing trades.
4. Be like water The markets are like a battlefield. Conditions are always changing constantly. The best generals are able to take in this constant stream of ever-changing information... And make the best out of any situation. Rather than being dead set on one strategy.
As a trader. You must do the same If your trade isn't reacting the way you thought it should... Cut it Heck Maybe even take a trade in the opposite direction right away Be able to shift your bias at any moment. Especially when the markets are telling you: You might be wrong
There is an important lesson we can learn from the great Bruce Lee. It goes like this:
“Empty your mind. Be formless. Shapeless. Like water. You put water into a cup, it becomes the cup. You put water into a bottle, it becomes the bottle. You put it in a teapot, it becomes the teapot. Water can flow, or it can crash. Be water, my friend.”
Hopefully this thread showed you a different perspective on the game of trading. If you enjoyed it... Drop a like and RT on the first tweet. twitter.com/_theartofcrypto/status/1675234075475410944 And if you want to see more like this... Drop me a follow @_theartofcrypto Have a great day!
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