BC TRADING
Saved by @Jacobtldr

1/ Feels like a good time to tell the story of how I went from broke to a millionaire to broke again in 2017/18 again...

Yesterday was brutal for some people...

Losing life-changing money sucks, losing any money sucks...you can chase the market or you can change your strategy.

 2/ The original thread is gone but you can read it here.

https://t.co/cLLNs75rB0

tl;dr
- Traded $32k to $1.2m
- Thought I was a genius
- Made poor investments
- Didn't conserve capital
- Peaked at 150 BTC
- Lost nearly all of it

2 weeks from losing my house + no income. Oops.
3/ I am going to assume you are in it for the money rather than the tech. Yeah, you might Tweet about the amazing blockchaining of cross-border payments and oracles yadda yadda...really, you are in it to make money.

If you are really in it for the tech, go and build something.
4/ Okay, so if you want to make money, trading is super hard, you are trading against:
- Better traders than you
- People who can move markets
- Unknown information

And if you are trading with leverage you might blow up your account with the volatility.
5/ If you are not trading, you are investing. Okay, so what are you investing in?

I made the decision that the crypto with the best opportunity of existing in 10 years is #Bitcoin:
- Solves a genuine problem
- The right tech
- A proven track record
6/ An easy signal for being right about #bitcoin is the institutional interest. How much interest is there in:
- Ethereum (minimal)
- XRP (Arrington Capital, oops)
- Link (lol)
- Dentacoin (err)

But Bitcoin - MicroStrategy, Square, Ruffers, MassMutual...
7/ Also - Grayscale, Coinshares, Skybridge, that millionaire Mexican dude.

There is a wall of money coming, and it isn't going into XRP... another easy signal, these people don't want to sell their #bitcoin, why? @bgarlinghouse can't wait to unload his shitcoin on you, why?
8/ Even the shitcoiners hold Bitcoin:
- Tezos foundation
- Block One (remember EOS?)
- I suspect Roger Ver still holds a load
- Even rogue states

Why?

https://t.co/wiKjHtRmY6
9/ But why #bitcoin:
- Only crypto which is meaningfully decentralised
- Regulatory moat established
- Genuine censorship resistance
- Fixed cap
- Predictable issuance

It is the best and hardest fucking money that has ever existed. You can argue against this but you are wrong.
10/ Every cycle:
- Detractors turn to bulls
- Maxi narratives are proved right
- Price sets new all-time highs
- Security increases
- Governments print more useless fiat
11/ I was an idiot through the last cycle:
- Argued against narratives
- Tried to fix Bitcoin (I was new and knew better)
- wAs oPeN MiNdEd
- Watched by BTC stack dwindle away
12/ But a full cycle teaches you a lot of things. Here are the most important lessons...
13/ LESSON 1 "The amount of sats you own is more important than the dollar value of your stack".

21 million divided by your sat stack = your score.

$ value is volatile but your score is the amount of the new financial paradigm you own.

Stack your sats (h/t @matt_odell)
14/ LESSON 2 "Patience"

Stop playing short-term games, zoom that shit out, if you can't handle the drops you are over-leveraged.

Bitcoin is economics 101 - supply and demand. We're talking about hard money, people who get #Bitcoin stay, they rarely sell...
15/ LESSON 3 "Find your edge"

Yeah, you're going to out trade the market, sure you are. Some will, most won't.

My edge is podcasting, so I make shows, sell adds, make a profit and buy #bitcoin. What is your edge?
16/ It really is that fucking simple:
1. Earn money
2. Buy #Bitcoin
3. Be patient

I know what some of you are thinking, but what if #bitcoin fails? Have you not seen the shit it has survived? Silk Road, Mt. Gox, civil wars.

It is still here and stronger than ever.
17/ Still have doubts? Go and spend some time reading stuff at the Nakamoto Institute. I have had my differences with @pierre_rochard but he has been right about so much, usually years ahead of how this plays out.

https://t.co/SPkFpl2Xz9
18/ You don't need to worry too much about the politics, whether you are a libertarian, conservative, progressive or jedi - everyone benefits from hard money.

Look, 2018 sucked, going from paper millionaire to broke was a motherfucker, but tears won't bring back the money.
19/ I have operated with one basic goal since then...
...at the end of every month, I will have more sats than the end of the last month.

Then with a little patience, I trust #bitcoin to do its thing.
20/ But Pete, #bitcoin is too expensive, XRP is only $0.30. If #bitcoin is expensive then why aren't bitcoiners selling? @jack isn't selling, @michael_saylor isn't selling....

...we're not fucking selling because it is heading to $100k.
21/ ...we're not selling at $100k because it is heading to $500k.

...we're not selling at $500k because it is heading to $1m.

(Okay, I will definitely sell a little at $1m for a Lambo, bite me - but 0.2btc for a Lambo, sounds good right?)
22/ #bitcoin teaches financial discipline, it is really simple. It rewards prudence while fiat rewards recklessness.

Inflation punishes the prudent. This isn't right, is it?
23/ So do your thing. If you still want to invest in shitcoins, trade etc... good luck to you.

If you want to build a solid financial future then you need to build solid foundations. You got this!
24/ Learn from the best, I'll miss a few but my goats - @pierre_rochard, @bitstein, @PrestonPysh, @JeffBooth, @Breedlove22, @real_vijay, @matt_odell, @MartyBent, @stephanlivera, @parkeralewis, @jimmysong, @giacomozucco, @LynAldenContact (even @saifedean).
25/ DMs are always open...

...Stack sats, eat your veg, get some sunlight, stay healthy, enjoy all forms of art, be patient, laugh at Tottenham and have a merry fucking Christmas.

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Fake chats claiming to be from the Irish African community are being disseminated by the far right in order to suggest that violence is imminent from #BLM supporters. This is straight out of the QAnon and Proud Boys playbook. Spread the word. Protest safely. #georgenkencho


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"A trend once established, is more likely to continue than it is to reverse"

A thread on Trend (Market structure)-


A trend is a path of least resistance, basically the side where the smart money is betting upon.

And our work is to be on their side, to make some money.

Why do we use trend?

In an uptrend, the sum of the rallies will always be greater than the sum of the declines.

In a downtrend, the sum of the declines will always be greater than the sum of the rallies.

How to Find the trend?

There are 3 methods which one can use-

1. Swing points method.
2. Moving averages.
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1. Trend identification by using swing points-

• UPTREND in simple words - Higher highs, higher lows

• DOWNTREND in simple words - lower lows, lower highs.


• Flat trend - The price stays in a range
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Like humans , stocks too have different nature and if you are trading every stock the same way then this thread may be for you.

A thread on Nature of stocks and how it can help you to improve your trading results.


First start with what is the nature of stocks ?

I broadly categorize stocks in two categories-

1. The momentum stocks-

These are the stocks where most of the moves are swift in nature, or we can say that the pullbacks in a trend are smaller.

2. The AKBC stocks-

These are the stocks where most of the trending moves comes with deep pullbacks.


Examples-


So the purpose of categorizing these stocks, is that we Trade those stocks/instruments which are more suited to our style.

Say if you are a mean reversion player and you are trading in the momentum stocks category then you are more bound to lose over large number of trades.
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Aditya Todmal
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@AdityaTodmal
TradingView isn't just charts

It's much more powerful than you think

9 things TradingView can do, you'll wish you knew yesterday: 🧵

Collaborated with @niki_poojary

1/ Free Multi Timeframe Analysis

Step 1. Download Vivaldi Browser

Step 2. Login to trading view

Step 3. Open bank nifty chart in 4 separate windows

Step 4. Click on the first tab and shift + click by mouse on the last tab.

Step 5. Select "Tile all 4 tabs"


What happens is you get 4 charts joint on one screen.

Refer to the attached picture.

The best part about this is this is absolutely free to do.

Also, do note:

I do not have the paid version of trading view.


2/ Free Multiple Watchlists

Go through this informative thread where @sarosijghosh teaches you how to create multiple free watchlists in the free


3/ Free Segregation into different headers/sectors

You can create multiple sections sector-wise for free.

1. Long tap on any index/stock and click on "Add section above."
2. Secgregate the stocks/indices based on where they belong.

Kinda like how I did in the picture below.
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Emperor\U0001f451
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Crypto Day-Trading Secret Strategy.

SIMPLE. HIGH PROFIT. NO NONSENSE.

One of the best strategies for Scalping crypto.

Share it to help all beginners.

(A THREAD)🚀🚀


We will use three basic indicators.

1. Pivot Points
2. Stoch RSI
3. VWAP

Note- This strategy will have a MUCH higher probability of success if basic Price action, volume and Candlestick pattern is kept in mind.

USE THE STRATEGY:

I will introduce the tools and then explain the strategy.

I Will talk about the calculations to arrive at the indicators separately.

IMPORTANT- Don't use the indicators alone.
Eg. Stoch RSI has less than 26% hit rate so you can't use it alone to trade.

Tool 1- Pivot Points:

They are reversal points based the historical prices.
Go to the indicators tab and type 'Pivot point standard'

The settings to be used have been disclosed in the pic below.

Note- You can choose your own settings but I have disclosed the ones I use.


This is what they will Look like.

Ignore All notations and just remember.
ALL the lines are Support or Resistance lines
(Lines of Interest)

It doesn't matter if it's been denoted as P,R or S.

We will learn how to use them below, practically.
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