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Trader Mayne explains why you should consider holding more Bitcoin and day trade a smaller portion of your portfolio “Let’s say you bought BTC at $30K and sold it all at $100K. That’s a 230% return in less than 3 years. Did you outperform that with your trading?” “I...

17,425 Aufrufe • vor 5 Monaten •via X (Twitter)

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Qullamaggie on Trading Coaches and Don’t Spend Time Solving Problems You Don’t Have “Is a trading coach a good idea? No, it’s a waste of time. Trading coach—who the hell is there such a thing? It’s all a waste of time guys, guys stop it. You don’t need a fucking trading psychologist. You don’t need a stupid fucking trading coach. Fuck off, no, guys stop it bullshit. No, your problems stem from not having a setup. That’s what your problems are. If you have discipline problems or this or that, it comes from you not having a setup. You don’t know how to implement a setup. You don’t know when to trade it and when not to trade it. That’s what your focus should be on, okay? Your focus should be on studying setups and owning a setup like, let’s say you have watched my streams for a while and you’re like oh, this breakout setup he keeps talking about a lot and recommending, maybe I should study this thing, maybe I should spend a couple of hundred hours going back looking at hundreds of stocks, go back a few decades and then you look for all of these variations of that setup, like you confirm it. Is this a real thing okay? And then you look at it, what should I do, where should I put my stop, what kind of exit rules should I have? Like I know Kristjan recommends a 10 and 20 but if I use maybe the exponential moving average, this and that, maybe I oh I think this works a bit better than what Kristjan recommends. Hey I’ll use this instead or hey I think the 10 and 20 work fine. And then you start looking at okay what type of market environments do most of these setups happen? When do these things break out and have the best follow through? I know Kristjan has been talking about trying to you know avoiding buying breakouts when the 10 days sloping lower, the 20 days sloping lower, and the 10 days below the 20 day. Most of the time when the 10 day if you look at the major index like Nasdaq when the 10 days sloping lower, the 20 days sloping lower and the 10 days below the 20 days most of that time you don’t get many setups and if you get them they usually fail. Hey okay so now I know what setup to trade, where to put my stop, where to exit, where to take profits, I know what kind of market environments to trade this setup. Hey look at that, I don’t need to pay that scammy trading coach or trading psychologist a bunch of money to help me solve issues I didn’t have to begin with. Look at that.”

Lone

24,924 Aufrufe • vor 5 Monaten

Q explains once you worked hard and know what to look for, its all about waiting and not over trading. "How long did it take your journey, for instance? How did you do it? What process did you suggest for people down this road? Well, when I had a 40k account, I was day trading. I started doing more overnights when I had like a couple of hundred thousand or like 100,000, and then I started doing more swing trading, like three to five days, when I had a few hundred thousand. Now that I have in the millions, I don't even bother with these shorter-term trades. I'm just looking for big opportunities because I don't really have to make money. I don't care if I don't make money for the rest of the year. I'm just waiting for the next big opportunity, like when the market goes up a lot and I can make a million, two million in a short amount of time. The rest of the time, I don't sit there and day trade for a few thousand here, a few thousand there. I'm just getting too old for it. I don't want to spend the rest of my days like that. I want to trade the rest of my life, but I don't want to day trade. I don't want to sit there and look at charts seven, eight hours per day. I've done that. It's really exhausting. So I'm just sitting around and doing other things. Meanwhile, I look for big opportunities. The last big opportunity was late last year, early this year. I made well over a million in a very short time, in a few months. And I really didn't have to do much. I bought a few stocks and now I just waited. And that's how I like to trade. I don't want to work too hard for it because you don't have to. If you wait for your setups, you don't have to work that hard, but you have to work hard to get to the point where you know where the good setups are, if you understand what I mean. Patience is the hardest part because you feel like you have to do something. Every day I'm fighting the urge to trade. I'm a chronic over-trader. I probably always will be, and that's fine as long as I realize it and don't go crazy with it."

Qullamaggie Wisdom

18,136 Aufrufe • vor 2 Monaten