Rhymes and Rhythms. What's your strength? HBAR:BTC As a Trader it's important to know your strengths... & your weaknesses. When you're self-aware you have no more excuses. It's not the markets fault, it's yours. Own it. And work on getting better tomorrow than you were today.
My trading personality is:
A "Patient Gem Fossicking, Value Investing, Swing Trader, with a specialization in capitulation."
Identifying the following strengths and weaknesses is how I came to understand what my trading personality is. What's yours?
My strengths:
I trade better looking at 'the bigger picture' (1 day bars plus)
My best trades come during capitulation (for entry's and exits on long term swing trades)
Ability to get big in my best setups (having confidence in my analysis allows me to comfortably get in with size)
I have excellent visual 'pattern recognition' (allows me to identify patterns that others often miss)
I am extreemly patient (can sit in front of the screen, analyze the carts and not take a single trade for months)
My weaknesses:
Short time frame scalping (Too much information to process & patterns are less reliable)
Holding trades that go against me because "I really like the project" (next minute f**k it... guess I'm an investor now)
Incorrect position sizing (Incorrect risk in some shitcoin trades)
Not entering and exiting trades correctly (Often 'all in' & 'all out' in one go)
Trading setups that aren't my best
The reason for sharing some of my strengths and weaknesses is to get you thinking about what yours are. A good way to identify them is to create a 'playbook' of your setups. Record your trades in a journal as they happen. Review your winners and losers daily. Analyze yourself. What did you do well and what could you improve on? Once you know what your best & worst setups are, you can work on reducing your least profitable trades and start taking more of your most profitable trades. Journaling will also help you identify any good and bad habits you may have. When you have a good idea of where your best trades are, the next step is to learn how to get bigger in these 'best setups'. If you're interested in learning more about this process I highly recommend reading "The Playbook" by Mike Bellafiore. If you're struggling as a trader, the answers to most of your problems are in that book. Good luck!
Oh and as for this HBAR:BTC chart.. They say history never repeats, But it defiantly seems to rhyme. One of my strengths is 'pattern recognition' and it looks to me like a moonshot is incoming for HBAR... Just saying.
Can this pattern fail? Absolutely. Am I in this trade? Definitely.
Never Trust. Verify.
D.Y.O.R. Not Financial Advice Just an Observation.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
