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- TSP#25: Emotionless and successfull trading
Marco Johanning
Hello everyone!
Welcome to edition #25 of my newsletter! Every Saturday I’ll be sending out a quick newsletter on how to master crypto.
Today, I focus on your brain.
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Use. Our. Brain.
Today, I want to tell you this: Don't let yourself be so strongly influenced by others, for example, your favorite Twitter influencers.
Use your own brain.
You really need to start thinking for yourself and trading on your own. Otherwise, it makes no sense at all.
That's the only way you will succeed in your long-term trading, believe me!
Let's just take an example: Kaspa. This coin polarizes so strongly, it's really intense.
Guys, let your emotions out. They really have no place in trading! The number of people writing bullshit under my posts is really enormous.
And don't let yourself be confused by big influencers, like the doc, who says the chart is ugly. Just remember one thing: doc writes good posts, but he also knows how to get people to read them - by polarizing and appealing to people's emotions.
But that's the point. These emotions have no place in your trading. Make it clear to yourselves, when you're looking for information on Twitter: it's mainly about being seen, getting likes and comments.
And that's not a problem at all. As long as you're aware of it!
So, here's what you do. Get your information, analyze it objectively, and use your brain!
And how do you do that?
Analysis. Data. Patterns.
Take a look at Kaspa again. That's a strong uptrend with a solid trendline, which hasn't been broken as of today. If it breaks, short it to the next level. If it holds, consider a long position.
Keep it simple. No emotions.
Twitter Reads
Great overview:
You don't need 69 indicators to be a profitable trader.
In fact you only need to master 1 thing.
Price Action.
Stop waisting your time, let's dive into candlesticks & patterns, to master your skill 👇
— Cr7z The Wizard 🧙🏻 (@mental_wizard)
5:40 AM • Oct 17, 2023
Welcome to crypto…
Random guy on telegram writes a fake headline —> Cointelegraph tweets —> Reuters and others pick it up —> $100 million+ of liquidations
— Will Clemente (@WClementeIII)
9:48 PM • Oct 16, 2023
ETFs:
The people that keep saying the ETF doesn’t create new demand for BTC are missing that Blackrock/Fidelity/etc. will utilize their resources to create it.
— Will Clemente (@WClementeIII)
8:21 PM • Oct 16, 2023
Don't get chopped up. Your one job right now. twitter.com/i/web/status/1…
— tedtalksmacro (@tedtalksmacro)
7:09 AM • Oct 17, 2023
With my best regards and wishes, I hope you have a wonderful weekend.
Marco Johanning
Use. Our. Brain.