Cred (@cryptocred) 's Twitter Profile
Cred

@cryptocred

Always trader, often shitposter, sometimes educator. @breakoutprop

ID: 899558268795842561

linkhttps://www.youtube.com/@TechnicalRoundup calendar_today21-08-2017 09:06:19

27,27K Tweet

698,698K Followers

1,1K Following

Cred (@cryptocred) 's Twitter Profile Photo

Market goes up - Donโ€™t chase, wait for a pullback Market goes sideways - Donโ€™t diddle in the middle, wait for range to resolve Market goes down - Donโ€™t knife catch, wait for reclaim Somebody please help me I havenโ€™t taken a trade since 2017

Cred (@cryptocred) 's Twitter Profile Photo

The market went down, so I was bearish at the bottom Then it went up, so I flipped bullish at the top Now it's down again, and I have no money Follow, like, subscribe for more advanced momentum trading tutorials

Cred (@cryptocred) 's Twitter Profile Photo

The price action of the last week leads to awkward bag-holding. You don't want to sell because it's already down a lot and/or you're tempted to wait for a bounce to reassess. Simple test: "If I didn't have a position, would I want the exposure I have now?" Yes --> Cool,

Cred (@cryptocred) 's Twitter Profile Photo

Most people would trade a lot better without looking at Twitter. Engagement bait, PnL cards, doomer takes, euphoria posting, hubris masquerading as certainty, random indicators, momentum monkeys cheerleading every price move, and so on. All noise. When it's time to execute,

Cred (@cryptocred) 's Twitter Profile Photo

If I had to start learning how to trade from 0 I wouldn't start with technical analysis I'd start with market microstructure basics Article: tradingriot.com/market-microstโ€ฆ Video: youtube.com/watch?v=H5IkSUโ€ฆ

Cred (@cryptocred) 's Twitter Profile Photo

Trading is hard Most traders have not outperformed buying and holding the S&P 500 Even fewer traders have outperformed buying and holding BTC The PnL cards and portfolio screenshot carousels on social media aren't real life While it may seem that 'everyone' is trading

Cred (@cryptocred) 's Twitter Profile Photo

You probably donโ€™t have a tariff/macro edge Simplify your trading Trade when people do stupid shit at obvious levels Keep it short to medium-term Trade less

Cred (@cryptocred) 's Twitter Profile Photo

Q1 Crypto: The dog has a hat, hot air rises, vape cabal caught another daily runner Q2 Crypto: Watching this treasury auction to get a read on risk sentiment, the basis trade is blowing up and Iโ€™m growing concerned about credit spreads

Cred (@cryptocred) 's Twitter Profile Photo

As an average retail crypto punter, your sources of edge are likely to involve: Size - Getting in/out without significant slippage or market impact, trading shittier and less efficient markets with dumber and/or more insensitive counterparties. Time - No weird quarterly

Cred (@cryptocred) 's Twitter Profile Photo

โ€œEveryone is a macro investor until they get green candles in the face.โ€ - Mike Tyson, Founder of Bridgewater Associates

Cred (@cryptocred) 's Twitter Profile Photo

We bottomed during peak tariff fear and stopped going up when a deal was announced Thereโ€™s an important lesson here: Trading is a scam and I got liquidated

Cred (@cryptocred) 's Twitter Profile Photo

In previous cycles, BTC strength was positive for alts because the pool of buyers was crypto-native and you could reasonably assume theyโ€™ll roll profits and rotate to other stuff eventually So a lot of altcoin front running would take place and BTC pullbacks/consolidations

Cred (@cryptocred) 's Twitter Profile Photo

Did I buy the Bitcoin bottom? No. Did I trade this breakout perfectly? No. But did I carefully buy enough spot Bitcoin in the last few months to allow me to relax and ride this trend without FOMO? Also no.