What do you think about this overextension? $IREN
14 g/candles in a row, and 10x the volume of the last candle compared of yesterday.
I need to study more cases like this...
I realized that to be a successful trader I must optimize every single detail of my execution. I’m competing against the best in the world
-Fast execution
-Hotkeys
-Low commissions
Jumped on the $OPEN trade (WallStreetBets meme play).
Technical setup: Inverse Bouncy Ball
Market momentum supports the move
Watching for potential squeeze into Monday>>
Grade trade: B
Not a big fan of altcoins, but an opportunity is an opportunity.
•$ETH close to breaking ATH
•$PEPE is the main meme on ETH
•Bounced after a false breakout → possible accumulation
This could be the start of new momentum.
Risk Trade: B
Here's what we can learn from Trading by looking at @JamesWynnReal -$90M/week performance:
1. Risk control
2. Accept losses
3. Do not add to losses
4. Do not move the SL
5. Don't fight the market
6. Don't expose yourself too much, social pressure may be greater than the market
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