Well well well (serious insight inside!)

Seth Walsh

Seth Walsh

The man in the mirror is my only threat
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So.

The advantage we have versus prop shops, hedge funds etc is that we have NO OBLIGATION to trade every day.

The best objective strategy? You WAIT for the markets to move (i.e., you wait for price to displace from a "mean" point, in 1 direction, with follow through and continuity).

Something traders get confused on is "buying the dip". Buying the dip is for long-term investing. Trading requires buying assets that are trending, and you buy with the trend, and limit your downside losses. That's how you stay in the game.

Simplified to a one liner?: Wait for the markets to trend. The best strategy when markets are moving sideways, or choppy is to KEEP YOUR DRY POWDER.
^^ Simply do nothing.

I am using some of my 2023 Solana gains to jump into coins like Injective and Dogwifhat. Very nice profits so far. I have no take profit target, I'm in it 'til the markets trend no more.

I do know exactly where I'll get out if the markets move back towards my enter price though.

Cap your downside. Compound your home runs. Do not trade in markets that aren't trending. And most importantly - all these cryptos are CORRELATED.

You could trade any of the big coins and still make as much money as if you traded a higher volatility coin.

When you adjust volatility for a coin like $WIF. You can see it's very similar to just trading Bitcoin with leverage.

It's all about the risk reward. It's all about keeping your money and having it ready for the next market surge.

It's stop start. Those who are always in the markets get crushed. Knowing when to stay out and when to jump into a position all guns blazing, makes all the difference.

We don't know what will happen, we don't know how far the prices will move up. We have to be reactive. Imagine the price can move up ad-infinitum. Preparing for that situation, while capping your possible losses with stoplosses, leaves you in the most advantageous position possible.

Good luck in all your trading!
 
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Bump this.

Important message I feel.

Really hope it resonates.
 
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Bumped (best section on org) Of course! :chad::yes:
 
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nvm this is crypto didnt see subforum
 
Last edited:
Which people in the crypto space would you recommend learning from
 
how to get this kind of knowledge instead of coping w podcast and books
what u recommend ?
 
another one of my strategies is to buy individual stock in companies that I think will do well. Based on the industry I am in i can predict this well. Paper trading im at like +300% prior 2 months so I am going in with actual money now.

What i do is wait for the market / sector wide to drop then I will buy 2-3k of stock in a company i like.

then I will write puts / calls depending on which way the sector is going with them expiring before something like earnings.

then hedge the event and let shares ride
Cool. I think that can be extremely difficult (trading stock picks). I rely heavily on correlation analysis and volatility.
1746878583767


I'm pretty much set in my ways in the sense that I can't proactively "pick" what's going to outperform. I tend to play the game looking at either the entire market trends up, or down, or I stay out.

I look at cross-correlations among specific cryptos, then weight my positions per volatility.

But I also like look at cross asset correlations. For example: The crypto and equity markets are very correlated at the moment. Sensitive to the same things: interest rate speculation etc.
 
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Which people in the crypto space would you recommend learning from
I wouldn't learn from the crypto space.

I'd just learn from investors and traders, and apply the basics first. Risk management is most important. Learning about opportunities (i.e., trending markets, and how/when to refrain from trading, and when to know when you should enter markets.

The greatest trading quote of all time, in my opinion comes from David Ricardo sometime around the early 1800s.

"Cut short your losses, let your profits run on"

That idea stems into the notion of cutting short your losses and compounding your home runs. Since we aren't trading investor money, we don't need to operate on a daily basis. And that is a HUGE HUGE advantage.

No one can predict what will happen in the markets. So just enter when trading conditions are more favourable.

There will always be future opportunities. But you can only continue to trade if you don't lose your money!
 
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So.

The advantage we have versus prop shops, hedge funds etc is that we have NO OBLIGATION to trade every day.

The best objective strategy? You WAIT for the markets to move (i.e., you wait for price to displace from a "mean" point, in 1 direction, with follow through and continuity).

Something traders get confused on is "buying the dip". Buying the dip is for long-term investing. Trading requires buying assets that are trending, and you buy with the trend, and limit your downside losses. That's how you stay in the game.

Simplified to a one liner?: Wait for the markets to trend. The best strategy when markets are moving sideways, or choppy is to KEEP YOUR DRY POWDER.
^^ Simply do nothing.

I am using some of my 2023 Solana gains to jump into coins like Injective and Dogwifhat. Very nice profits so far. I have no take profit target, I'm in it 'til the markets trend no more.

I do know exactly where I'll get out if the markets move back towards my enter price though.

Cap your downside. Compound your home runs. Do not trade in markets that aren't trending. And most importantly - all these cryptos are CORRELATED.

You could trade any of the big coins and still make as much money as if you traded a higher volatility coin.

When you adjust volatility for a coin like $WIF. You can see it's very similar to just trading Bitcoin with leverage.

It's all about the risk reward. It's all about keeping your money and having it ready for the next market surge.

It's stop start. Those who are always in the markets get crushed. Knowing when to stay out and when to jump into a position all guns blazing, makes all the difference.

We don't know what will happen, we don't know how far the prices will move up. We have to be reactive. Imagine the price can move up ad-infinitum. Preparing for that situation, while capping your possible losses with stoplosses, leaves you in the most advantageous position possible.

Good luck in all your trading!
no fucking shit man
good insight
just dont use that on shit coins like $WIF and $cum
use it on real markets
 
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no fucking shit man
good insight
just dont use that on shit coins like $WIF and $cum
use it on real markets
Depends on your risk tolerance. I just trade whatever sustains a trend.
 
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Depends on your risk tolerance. I just trade whatever sustains a trend.
do you have dedicated strategy or enter the trade whenever you think you should?
 
do you have dedicated strategy or enter the trade whenever you think you should?
"Trendfollowing" is my core philosophy. I trade just like the Turtle Traders used to trade.
 
It's stop start. Those who are always in the markets get crushed. Knowing when to stay out and when to jump into a position all guns blazing, makes all the difference.
Dayum son if I only had a team of whales with me and we could all buy and sell together to create a movement...

Wait a minute?!?!!!
 

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