eTrader @eTrader_

One of the most important trading quotes I ever read changed the way I looked at why traders lose, and I think most people miss what it’s actually saying. The idea is basically this… Losing traders want different results. Winning traders are willing to become different people. Most people want the better strategy. The better indicator. The better market. The better mentor. Anything that lets them keep thinking, reacting, and behaving exactly the same while somehow getting a completely different result. But if you overtrade because you can’t sit still, another setup won’t fix you. If you move your stop because you hate being wrong, another indicator won’t fix you. If you chase because watching a move happen without you drives you crazy, the problem isn’t on the chart. The problem is sitting in the chair. At some point you have to be willing to say, “The person making these decisions is producing these results. Something in me has to change.” That might mean more patience. Less ego. Better emotional control. Learning to do absolutely nothing when there’s nothing to do. Following your process when every part of you wants to abandon it. Changing yourself isn’t what happens after you become successful. Being willing to change is part of how you become successful. That’s true far beyond trading. A lot of people spend years asking for a different life while protecting the same habits, excuses, and behaviors that built the one they already have. Sometimes the breakthrough isn’t finding something new. It’s finally becoming someone capable of producing a different result.

Most people think swing trading means fewer decisions. It actually means fewer trades and more precise ones. Here's the full framework we use. 🧵

WYCKOFF CLIFF NOTES 🧵👇 Most traders don’t struggle because they lack tools. They struggle because they don’t know which evidence matters. They memorize the picture, name every event, then try to make live price fit something they already studied. Start simpler. Who is in control? Is that control getting stronger or weaker? What did price just try to do, and did it succeed? Technical analysis is detective work. The labels are only shorthand. The footprints are the point. 1/8

Happy 17th #Bitcoin Whitepaper Anniversary! 🧡 Decades before Satoshi released the whitepaper in 2008, cryptographers, mathematicians, and cypherpunks had already laid the groundwork. Here’s who they were, what they built, and how their ideas shaped Bitcoin. A thread. 🧵👇

$BTC I like to use line charts for market structure. They tend to be clearer as they only show the closes. We've only seen lower highs on the weekly thus far. Locally, this is the bears' last stand i.e. last reasonable area where a lower high could form if they're right + close proximity to invalidation. $64k+ weekly close, ideally an impulsive one, would suggest a bullish break in market structure (first one in a while). If that happens, the following considerations apply in my trading system: 1. HTF directional bias is set. Essentially means lower time frame long setups can be held for longer and/or with wider targets + stricter criteria for short setups. 2. Weekly close meme entry. If I get a strong HTF candle close signal, I'll often try to trade the nearest daily open setup to have some exposure in case the strong close turns into a trending runner without a pullback. I think I have a video on this but my brain is damaged from being on CT for almost the entirety of my 20s. 3. Medium time frame pullback entry. A lot of longs can pile in after a higher high, and if they're too horny they end up puking on a minor (no Diddy) pullback. This pullback, conveniently, can land at a nice higher low level. This is a slower trade as it can take a while for the higher high to higher low structure to form on the weekly time frame, but offers better proximity to invalidation. In summary, we're at local resistance in the context of bearish weekly market structure, but if bears roll over here the technical implications are quite significant - you should have a plan. So, what does all of this mean and how should you position? Up or down? I don't know - I sold all my crypto in the March 2020 crash and never looked back. Thank you for coming to my Cred Talk.

True Trading Tip You must assume that it's not only possible but probable that your trade idea might be wrong. Without this realization, you cannot establish appropriate risk thresholds or ensure your protection.

TRADING RULES Small Losses only Avoid big losses at all costs. The higher your % loss, the higher the % gain you need to get your money back. On a 50% loss, you need a 100% gain to break even Control Risk Know your exit criteria before you enter a trade. Exit as soon as the reason for your entry is not valid anymore Liquid Assets Liquid assets are easier to exit. As a matter of fact, technical analysis is more reliable w/ highly liquid assets. Large volume makes it much more difficult to manipulate an asset Buy Strong Assets, Short Weak Assets A strong asset has less overhead resistance & better "flow" Just The Charts Trading for a living requires different skills. Everything you need to know is right there in front of you. If you can’t see it, it probably isn’t there. Pattern Pressure The asset needs to display some kind of basing pattern or consolidation pattern. Don’t chase or knife catch Market Analysis You need to know what kind of stage your asset is in with most of your Trades being in the direction of the primary trend. Discipline Stay disciplined. Keep emotions in check. Emotionally detached traders yield better results. Discipline will separate you from the pack

Edge-Based Signals Service Next week I will open up my Edge-based Signals Svc to the public. For the past year, these systems have managed to produce consistent returns. Active Traders interested in no-cost access to this tool: 1⃣Like 2⃣Retweet 3⃣ DM for details

$ETH Move off the lows thus far look corrective. Keeping in mind its a Sunday. Corrective moves channel. Impulsive moves do not. Example: - Move up right now is channeling - I expect a move back down to do the same - IF at any point we break the channel, *then* we likely transition from corrective -> impulsive move and thats when the fun begins. (It could reclaim the current channel resistance, but if not up/down channels at the lows would form a larger range - which is fine). - Green dot = example of breaking a channels resistnace Or we are due a lower low towards 2700. So the two key things I'm watching, ETH as an example: 1) We break a corrective channel's resistance or 2) We leg lower into D1 EMA 200 and/or put in some bull div on the 4hr on the next move down.

SUPPLY & DEMAND 📚: 1. Look for strong price momentum, candles must be backed with big volume. 2. Define the base of this price momentum. Base refers to the area just before price exploded into a direction.

"6 Stages Of A Trader" If we are to become a great trader we will go through some variation of all 6 of these stages. Being aware of these stages can help you identify where you are now and where you need to eventually be. (Which stage are you currently at?) Stage One: The Mystification Stage This is where the neophyte trader begins. He has little or no understanding of market structure. He has no concept of the interrelationship among markets, much less between markets and the economy. Price charts are a meaningless mish-mash of colored lines and squiggles that look more like a painting from the MOMA than anything that contains information. Anyone who can make even a guess about price direction based on this tangle must be using black magic, or voodoo. However, as one begins to observe, read, study, the mess may begin to resolve itself into something that may make sense. Sort of... 😉

95% of traders lose everything within 5 years. 5 mental models to survive in the trading arena:

You spend years studying every possible combination of RSI, MACD, moving averages, BB, stochastics... To realize that a simple price action setup is more powerful than any lagging indicator.

#PriceAction Understanding Supply/Demand vs Liquidity Knowing what a Supply/Demand (SD) is and knowing how to use them are different. Small writeup to provide clarity, to my perspective. Small write up to cover: - Improper use of SD - Suggested Use of SD - Conclusion

1. Price Action Strategy to Buy the Dump. Time Frame- 15 to 30 Minutes, supported by the 1 minute. Try it as an Exercise 🔥 (Strategy is in Tweets 2-4)

How to Use Fibonacci Retracements! A Master Thread👇🧵

1/ 🧵 THE HIDDEN SECRET OF CHARTS - ORDERBLOCKS 🏅 Have you ever heard of these mystical OBs yet and still struggle with what they really are or how to effectively use them in the charts? In this thread, we gonna look in-depth into what they are and how to use them 👇👇👇

90% of traders waste 2-3-4 years on finding the perfect trading indicator. 7 steps to go from 0 to 100 in 30 days:

@wasabiwallet Signing keys kept offline

Gary Gensler getting grilled on whether he thinks ETH is a security or commodity Enjoy