
Is it about making money, or being right ? git commit Connoisseur. @LuckyChartApe 🎯 Level up your TA. Trading Arena Lead Dev
Joined August 2022
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The cross happened on Sept 22th - 2022.
The cross happened 3 times before, marking the start of a bottom.
#BITCOIN
Are you paying attention?
The cross happened on Sept 22th - 2022.
The cross happened 3 times before, marking the start of a bottom.
#BITCOIN
Dehoucks retweeted
tradingarena.io/trade
Very few people realize I have built something more useful then 99.9% of this space, and it’s free to use.
A paper trading platform that allows you to trade with fake money, hone your skills, track all your trade stats, build trading systems, journal, and compete against other traders.
Dehoucks retweeted
Hopefully you found my video a few days ago helpful for the long case locally. Interested to see if we can get a strong move breaking out of this downtrend. Targeting ATH's
$BTC
#Bitcoin
Dehoucks retweeted
In this video, I go over ALL of the major ideas I am interested in trading around, and why. Both long and short. Instead of focusing on a single idea, I am focusing on the LOGIC I am using to structure various long ideas, and short ideas, and some of the things I would look for in order flow that might make me interested in new ideas. We don't need to Predict what price will do, we can simply be prepared to navigate the charts, regardless of what it does.
$BTC #bitcoin
Dehoucks retweeted
Statistically the majority of you reading this will quit trading this year, after losing a lot of money.
40% of traders quit in the first month, 80% within 2 years.
I will share some of my thoughts on why trader's quit, and what it takes to succeed.
The main reason someone quits trading is that their expectations weren't met. In the simplest form, they expected to make money, and they lost money. Their expectations were a fantasy, and when they were faced with reality, they gave up.
If you asked these people the question "Do you want to be a professional trader", most would answer "yes..but"
I am going to say something controversial. The type of person who succeeds, will never quit as long as the answer to the question is "yes".
There is no "but".
There is simply the resolution that they will do WHATEVER they need to do to succeed.
Where someone else might say "If I am not profitable within 6 months, I quit", they will say "I don't care what happens in the next 6 months, I will take what I learned, and be that much closer to succeeding". This sounds scary, because what if they just lose forever, blowing up account after account? What if they simply aren't cut out for it, and will never succeed? Is that possible? Yes. Does that mean they have to lose everything finding that out? No.
Are you on the verge of quitting because the thought of losing any more money is too painful?
-Why not continue with highly disciplined, and documented paper trading? Refine your edge, your execution, and keep improving without risking any capital? So many people think "not quitting" means losing a lot more money, but in reality it just means putting in more work, and limiting your risk however you want to define it.
Let me create an extreme hypothetical
- Instead of quitting. Commit to 1 year of paper trading. Document every single trade, with strict risk criteria.
If you are profitable after 1 year, put $10 into a trading account. Trade it for one year. If you are profitable after one year, 4x it $40 . If you lose money, go back to paper trading for one year. Repeat this process until you are trading the account size you want to trade.
If you trade profitably for 9 years in a row, you can scale to $2.6m (likely this gets most people reading this to "full size"). You will also have a 9 year track record of profitable trading.
There are two possible outcomes to this experiment. You either never get multi-year runs of profitability/consistency, in which case, you never have significant capital at risk, or you become consistently profitable, slowly scaling your trading account with that consistency.
Do I think this is what most people will need to do? No. It's an extreme example, to make the point.
The truth is, people don't quit because they don't want to lose any more money. They quit because they aren't willing to do what it takes to succeed. "what it takes" doesn't mean lighting money on fire, it means having the passion, desire, commitment and discipline, to do what they need to do to succeed.
I don't think there is any way to know who will succeed, and who won't. There are so many stories of people who appear to have been naturally gifted traders, but for all of those, there are also traders who didn't become profitable for a decade, and went on to have great careers.
I don't want to tell anyone they should quit, and I don't want to tell anyone they should keep going. Only you can answer that question. I can only say that no whoever made it, quit..
Dehoucks retweeted
ended up being pretty close. $BTC
Dehoucks retweeted
It's been a week since LLaMA 3 dropped.
In that time, we've:
- extended context from 8K -> 128K
- trained multiple ridiculously performant fine-tunes
- got inference working at 800+ tokens/second
If Meta keeps releasing OSS models, closed providers won't be able to compete.
Dehoucks retweeted
this platform is fully integrated on the blockchain, and all trades are tracked to a wallet. When we launch our token, you will have airdropped rewards, simply based on your performance paper trading
tradingarena.io/trade Do you know that I have built a free paper trading platform? You can compete with other traders, track your statistics, and soon, you will be able to earn tokens based on that performance.
This is a huge undertaking, and you can use it to hone your skills for free.
Dehoucks retweeted
tradingarena.io/trade Do you know that I have built a free paper trading platform? You can compete with other traders, track your statistics, and soon, you will be able to earn tokens based on that performance.
This is a huge undertaking, and you can use it to hone your skills for free.
The chart you all need
The best traders I have known in my half century (50 years) of trading futures market are sincerely interested in what the people on the other side of their bets think, whether technically or from a global macro viewpoint.
With that in mind, it is extremely interesting to note that Bitcoin $BTC price (adjusted for inflation) has not made a new high in three years despite halving and Bitcoin ETFs
Question for Bitcoin bears, in your opinion why has the market not trended into new ATHs?
Dehoucks retweeted
These were some beautiful shorts.
Was reminiscing tonight about some great memories over the years in The LATF.. can't believe this is almost 2 years ago. Feels like yesterday.
I have been publicly sharing my my work for years now,
Day after day, week after week, month after month.
Huge shoutout to all the grinders who show up every single day. Especially all the of the OG LATF members. Some amazing times over the years.
And more to come. ❤️
Dehoucks retweeted
If I had to say what I thought the most bullish case on #bitcoin is here, it would be holding this ascending structure over the next couple days, ending in an impulse too All Time highs.
For now, I am trading with it.
I also do lean much more bullish then bearish medium timeframe. Order flow is in my view distinctly bullish
$BTC



















