This is a weirdly awkward time for me. The list of stuff I have gotten OH-MY-GOD correct is pretty goddamned astonishing. Seriously. This shows the planet isn’t a meritocracy. Cramer makes $5 million a year and is a world-famous Bozo. Whereas I have to scrape around for subscriptions. Oh, well. At least I have my hair.
I am knocking it out of the park this year (charts=A+) and my trading remains a solid C+, at best (and that’s probably generous). I trust you’ve been benefiting, however. I’ve been tying myself up in a knot all night about what I’ve done right and wrong, and how I would handle today. Superficially speaking I’ll come right out and say it, I think we may be hitting an important low at the moment. Take note of the Fibonacci at the bottom.
I have to back all the way up to a WEEKLY chart to see lower prices, but having done so, you can see the import of this level.
The entire crypto space is a laughable train wreck. “Geniuses” like James Altucher and Raoul Pal have been revealed for what they truly are. My view is that Bitcoin won’t stop falling until $10,000l
Trading is a lifelong learning experience. Speaking personally, I probably preserve 1% of the valuable lessons that I should. But I’ve been doing a lot of self-talk lately, even more than normal, and I’m starting to really embrace the idea of actually paying attention to myself, and nobody else.
