Thread and observations over the last few weeks, thoughts, lessons learned, and events.
Posted trades:

Trades: Short 11.7k $BTC
Stopped at 11.4k on alt/longs
Longed 10,090 w/ taget of 11.1k went flat

I am a trader. I trade both directions. I enter a trade with a plan.

I don't go into it w/ a greedy mindset but one coming from a place of what I'm willing to lose on a trade or idea.

When the market topped there were red flags everywhere.

Thread here: https://twitter.com/Pentosh1/status/1296132444257689600?s=20

But everyone was euphoric. At the time I had reached out to several

prominent traders and expressed my concerns. At that point I took out a few years of CASH out of the market. Enough to live a few years and potentially diversify. The euphoria truly gave me fear. Fear that came from experience of losing 90% before when feeling that euphoria.

I had expected 11.1k to be resistance and print a LH, but kept seeing the majority buying alts which most didn't follow BTC and many continued to bleed out. The rejection at 11.1k confirmed a short/mid term bearish reversal. But sitting in tether I got to observe and not post

setups. I know for a fact many people lost 35-50% from ath's. Many are still "longing" every dip. Because they are in denial and waiting for a bounce that may never come to get back to break even. And I know that bc I've done it, and basically am sitting watching through a glass

window as people repeat the same mistakes from 2018-2019. There are a few traders who managed to escape like @pierre_crypt0 and @devchart for the most part. We are in crypto, and it's volatile. It is incredible to watch and have been lucky enough to have been on the correct

end of two extremes during this time. Seeing the market participants behavior, actions, and even mindset has been extremely educational. In saying that. YOU HAVE TO LOSE TO LEARN. There is no other way. But you have to learn after you lose and not make the same mistakes

There are some incredible opportunities but you have to be willing to switch bias quickly, and LEARN TO LOSE. Once you learn to lose you can learn to profit. It's not easy, and we won't always be right. Risk management is a huge part and being okay with invalidations.