Welcome back, thank you for taking some time from your busy schedule and coming here to read part- II of the blog.
Your busy schedule right? Lol.
Let’s start with the sentence from part- I, ‘I highlighted the part around while talking about Support and Resistance’. The reason is that “Price pumps from support and dumps from resistance” only happens in books or YouTube videos. If it were that easy, then every guy would be trading by longing from support and shorting from resistance, making millions. If it were that easy, those big influencers didn’t need to rug their followers in order to earn money.
Social media is full of Crypto influencers, but have you noticed that only a small percentage of them are genuinely successful traders with actual winning rates?
Being a good trader requires a lot of discipline, mental work and stress tolerance.
That’s why I used the word “around”—because price pumps around a support and dumps around a resistance. That’s why your entry should be perfectly timed, neither too eager nor too lethargic.
I have worked as market maker for some Crypto projects and have learned few things that I will share with you. Smart money doesn’t
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Creating freedom through Crypto as a Community
8 Responses
Excellent perspective. Thanks.
Thank you Silver Wolf BTC, awesome to read insight from someone who has operated as a MM for Crypto Projects. Any common emotional trading trigger management techniques of your own or that you’ve recognized as used effectively by other successful traders would be even more valuable information, should you be willing to share with us.
Your insight is so valuable! Thank you!
Totally agree with your take on paper trading. We lack emotions when we do that, therefore it’s not representable to our real trading skills. Thanks for your ongoing input, really enjoy your content!
Looking forward to read the next part 🙂
SilverWolfBTC, thank you for your guidance, very valuable.
I am LOVING your blogs. Thank you so much for sharing with us. Cant wait for the next part!!!
Thank you for sharing your trading experience and keeping the explanation straightforward, which helps in raising awareness about the emotional aspects of trading. Could you write a post about account management software for buying and selling crypto? I’ve tried some software available on the market, but they don’t connect to all my exchanges, and I have noticed one, in particular, provides some incorrect purchase prices that are inconsistent with my exchange trading history.