I am 21 and know nothing about trading one of my friend said me to open this trade I opened and now he is not replying Please experts guide me what should I do I know your time is precious but you few minutes really helps me a lot I don't need followers nothing just guide me Thanks I will respond to every comment $ETH
Part 2 That being said, if you truly want to become a trader, put in the work.
Master the craft.
Accept that it takes years of dedication.
Itโs one of the best jobs in the world if you can do it successfully.
But if you think you can casually day-trade for a living while juggling a normal life, youโre lying to yourself.
Most of the so-called โtradersโ on this platform are only showing you the positive highlights of their trading journeyโor, even worse, donโt even make money day-trading.
Donโt let their bullshit give you a distorted image of reality.
To conclude this rant:
Macro investing still works.
99% of the wealthiest people in this space didnโt get there by flipping their bias every 2H candle.
If history rhymes, the euphoric phase of the cycle is still aheadโand when it comes, it will be powerful as usual.
And guess what?
Trading works too โ but you donโt have to get blinded by fancy shit and actually embrace the journey to mastery.
The best strategy?
My advice?
Do both:
1) Build a long-term portfolio to ride the macro cycle and wait for euphoria.
2) Use 5-10% of your capital to actively tradeโlearning the craft while keeping your risk in check.
By adopting this approach, youโll get the best of both words.
Rant over.
Hope every single one of you will make it in the coming months, despite the path you will choose to follow.
Iโve recently seen a lot of people giving up on investing.
Theyโre now convinced that buying quality coins and holding them for some time doesnโt work anymoreโand that the only way to make money in this market is through active day-trading.
All Iโll say is this:
Congrats, youโve been successfully brainwashed.
I donโt blame them.
The past few months have been mentally and emotionally brutal for Altcoin holders (especially those deep in small/micro caps).
So naturally, they start thinking this shit doesnโt work anymore.
But cherry-picking a timeframe that fits your โinvesting doesnโt work anymoreโ bias while ignoring history isnโt exactly smart.
We just went through some of the nastiest PA in the history of the magic internet money market.
Even some of the best investors got caught off guard.
But hereโs the thing about financial markets:
When the pendulum swings too far in one direction, it always snaps back aggressively.
And trust meโyou donโt want to be sidelined when that happens.
Nothing has changed.
Playing the macro cycle will always be the most lucrative way for most people.
You just need:
> A strong mind. > A bulletproof plan. > A Fโฆ.&k ton of patience.
TIME IN THE MARKET > TIMING THE MARKET.
Youโll look delusional until payday arrives.
But when it doesโitโll be worth the wait.
Donโt get me wrongโIโm not hating on trading.
It can be insanely profitable too.
But the truth?
99% of the wannabe traders you see on X will ultimately get rekt and quit.
Most confuse beginnerโs luck with skill.
They learn some random TA from โsuccessful tradersโ and think thatโs all they need to beat the market.
Then they hit a few wins and believe theyโre some kind of genius.
Until reality humbles them.
Once beginnerโs luck fades, they realize they know nothing and are just lambs in a world full of wolves.
Little tip:
Donโt confuse analysis with trading.
Being an analyst โ Being a trader.
Anyone can be an analyst.
But being a consistently profitable trader is a whole different beast.
- Indices dropping heavily (important to see how the US ๐บ๐ธ stock market opens on Monday, especially Nasdaq and the SPX) - BTC dropping from 99 to 94k - ETH dropping from 2800 to 2600
As said, bybit handled the hack like real professionals.
The market is already back at pre hack levels.
If US opens in the green we have odds of going to retest the high of the range 102.6-104.3k where ideally Iโd be vigilant for either a breakout to the upside and finally leave this choppy price action behind or rejection back in the range.