*THREAD*

Hey. Easily influenced people.

Yeah, you. I'm talking to you.

Big dump? Find yourself panicking on what to do next? Browsing CT for confirmation?

I want to explain a couple of things in this thread that I feel can lead you astray in time of high volatility.

Whenever we see large dumps in the market you often see a similar string of tweets appear.

First: Panic and urgency to tweet as the action is happening.
Second: Reflection, often condescending advice on "hope you took profits"
Third: Hope you bought the dip tweets emerge.

I want to explore this to try and give you my thoughts and maybe pass on some advice to those who find themselves influenced by the non-sensical babbling of the avatars on this platform.

Panic tweets:

Often these can make you feel nervous about the market. This isn't just a 2 minute process, the lasting effect of absorbing these tweets can constitute a full blown bias switch or closure of positions/cashing of spot holdings.

Remember that during big sell offs or panic moments Twitter accounts are looking to simply provide over the top commentary on the market action. It doesn't reflect their actions, it's just like tweeting when a major news event comes out.

Ignore them. Don't let it influence you.

Reflection tweets:

"I warned you about this"
"Hope you took profit"
"Should have listened"
"Called this but didn't trade it"
"Signs were there"
"Closed positions last night"
"Moved stops to profit just in time"
"Made some serious cash on the way up so don't care."

It's all fucking nonsense. Typically they should all be ignored. It's just ego/account management and continuing the impression of a successful account. Not to say these accounts are unsuccessful but image is important here for growth and acceptance. (Sad!)

With reflection tweets, you can often find yourself even more annoyed. This is typically where you slap yourself for being a greedy pig. Seeing reflection tweets can be crushing for your mentality, it can make losers feel even worse.

See this thread: https://twitter.com/ColdBloodShill/status/1294281538041978881?s=20

While reflection tweets can often be helpful in reminding you about your mistakes for next time. In the moment appreciate that it will do nothing more than make you bitter and in some cases more likely to revenge trade or try to achieve back your losses or profit you chucked away

Hope tweets:

These tweets often appear once the dust has settled where people start spamming about "buying the dip"

I find this often some of the most misleading advice and generally worst part to follow along or take action from.

"Buying the dip" in bull market conditions is generally good advice. However, every dip requires a set up, requires a stop, an invalidation a target, a sign of life, an indication of continued strength.

You get the picture, it's not as simple as just "buying the dip."

You'll notice that often people use "starting a SMALL position here" - this is to protect themselves from any potential further downside, while also giving them a valid "not much loss" excuse if price does stop them out.

I'm not shitting on this, it's valid, but learn from it.

When you begin seeing these posts, newer traders can feel enthused (often forgetting about their losses) and begin acting with overconfidence. This is where I think the danger of "buying the dip" is revealed.

At some point, the dip won't be a dip, it'll be a macro pullback.

Every situation is different. Every sell off is different, has different characteristics, bounces from different levels, has a different set up.

Do not simply believe that because people are posting about "buying the dip" that it's a sensible (or the right) thing to do.

I agree that we should absolutely be long focused if you monitor Twitter during sell offs or large price action volatility you have the ability for your psychology to run off the scales. Irrational behaviour tends to dominate fuelled by the adrenaline of sell offs and big swings.

Take each set up individually.

Ignore Twitter.
Do not get drawn into the Circus of tweets that appear consistently in the same loop.
Manage your own position.
Make your own decisions.
RELAX. We see sell offs all the time.
Step away.

One last thing in this thread. Be very careful about placing blind bids or asks in these conditions. They can often be blown through, producing very awkward positions or positions that are opened and stopped while you sleep.

Just be careful out there. Don't believe all of the dip buying nonsense you read. Don't let random internet avatars shape your psychology and discipline.

Ignore the noise at times of strong sell offs and buys, it really will leave a lasting mark on you.