$BTC Market moves explained - 4/26/22
so all right all right all right all right enough messing around right we're just we're not here for fun we're here to be serious right there's no room for fun here in crypto right it's just to be serious no you got to be you got to have fun with whatever you do uh i try to have fun helps me out i am big chad's i want to say a heartfelt thank you to each and every one of you out there somewhere in the world i love the fact that i can go live you can you can watch it you can talk to me here in the chat room you can see what i'm doing and we're connecting and we're doing this uh all over the world at the same time and we're pretty you know that's the point we're so similar similar there's so much uh about us that's so similar so i enjoy sharing this with you kind of sharing that common humanity hello from czech republic cheers from england uh folks you please hit like please hit subscribe as well from greece uh love from the kremlin okay all right um that's great to see everybody it really is a worldwide thing so that's really cool um so listen uh slovenia and we have someone from new york that's great so listen i know i see argentina they're going to keep flying in texas in the house so listen i really appreciate it if you're watching i appreciate that i want you to know that uh you know i i might see i'll see you on twitter and i may or may not see your message so um and i may not reply so like don't take it personally um and like for the the video here there's a huge chat room i don't have a team i get these emails it's like oh can you have someone on your team contact us it's like what team i'm just hanging out i'm studying charts i'm teaching teaching as i go i'm having fun with it i'm the author of course of trading wisdom uh 50 lessons every trader should know we'll get to that so let's get this let's get that stuff out of the way and then we'll get right into the fun right into the fun um let's go right here i'm on twitter i'm at big chad's i am the author of trading wisdom 50 lessons every trader should know it's great has great reviews you can get it in four different formats um like if you don't want to pay for it though i've got your back if you go to my youtube channel chad's trading go to playlist trading wisdom i'm going to do the whole book for free i've done 13 lessons i'll probably do less than 14 this week i'll eventually get the whole book for you for free bran you know so you've seen my tweets and you have no idea what i'm talking about well you need to first of all go to the um tutorials and watch these start with the most recent one it will explain everything my whole setup go to the quick market updates that's what this is uh these quick market updates um especially recently i'm gonna explain my tweets so if you see up here up top i have like 10 or 15 tweets i'm going to explain and then hopefully that will kind of you know get us uh from where we were uh in our last update the last update was was on april 8th and i don't do these a lot because i'm a founding analyst at bitcoin life live and i've been for over almost four years i've been doing twice a week full market updates and like i don't miss those it doesn't matter what's happening so i i don't always have time or energy to really do youtube so these streams are rare highly recommend you check out bitcoin live i'm really proud of it um we have a great group of members so consider checking that out um so that's kind of all that stuff we have the chart up so i'm gonna i'm gonna kind of um do a little bit of backstory kind of how we got here and then i'll dive right into the kind of progression of the tweets what i wanted to talk about um seeing everybody in the chart montreal on the chat montreal nigeria good to see you in brazil so listen folks um again thank you for watching so listen if you want to know like where i'm coming from um just what it's all there like i don't delete tweets i don't delete videos you can kind of see the progression and i just follow the progression of the price action kind of a combination of japanese candlesticks and classical sharding principles we've been in a corrective phase i talked about the the topic back in november and kind of live tweeted it live did videos on it all the way down and so we've been in a corrective phase and you can kind of anybody can kind of step a step back and kind of visualize generally a bare flag so if everybody's a bull everybody sees this and everybody's calling bull flag so you also kind of see it in the reverse and what this is it's a correction a temporary correction within a trend and that usually resolves in the direction of the trend so you're kind of looking at what's going on if you're just looking at it from that standpoint you see okay we have a bear flag you know after breakdown the up thrust and we're consolidating right and after consolidation trends tend to continue you see all that and then there's all these clues within that and you kind of see the mh you know 200 underside rejection you see the loss of ma200 potentially rolling over which would be a a huge warning sign for the trend i've been tweeting about this i've been talking about it and then most recently like the big the big elephant in the room i put out a tweet that people are kind of um underestimating the impact of what just happened the damage on the false breakout we had this really kind of unimpeded downtrend and then um you know after that after the double top kind of a corrective phase and then we had that uh kind of first overreaction high volatility you know uh bottoming handle with the spring the false um bear break on january 24th set the high came back we did it again february 24th right all the stuff we talked about you know we set the level we broke out right when you have a level that that's this well defined uh with time interval in between attempts and with the multiple data points it's a really significant level you break it and you fail to hold it right it was full risk off below 45k and i've talked about that so that's that's kind of how we got there so after that you're not like you're not itching to go along a lot of people looking for bull narratives but you're avoiding them you're waiting for confirmation right you're a smart trader you've studied these things you've been around more than one cycle and you want to buy into bullish confirmation right you're not just going to kind of buy every minor uh relief rally right every minor balance to a moving average in in a descending channel you're you're not going to do that you're more patient you're more disciplined so you've kind of been without a trade for most of this choppy channel anyway so where are we at let's go back so my last video was april 8th um and in april and i talked about kind of here so we had the rejection despite all the enthusiasm on march 29th right it's worth observing the daily tweezer m8 at the ma200 so right here so we kind of saw all this coming we kind of saw it happening in real time right we saw that everyone's enthusiastic but we have a candlestick signal with the shooting star at the upper bollinger bearish confluence ma200 you know moving average underside uh you know rejection and then the tweezer top um which is fine because as long as you hold the throwback everything's good you didn't hold the throwback or the retest of the horizontal zone but that was the um that was the beginnings of that and then boom flashing a major warning sign so this was april first first that's kind of led into it on uh signs of a potential failed breakout where i'm just gonna go i'll probably i'm not gonna check the chat room i'm just going to kind of riff here and hopefully get through these but um you can see where we had the failed breakout ring warning signs april 1st so we initially started to violate it april 1st and we ended up rallying on that day and people were again long people were again itching to go long um this was a blimp this is a bear trap you see the uh where it's like they're scooping up the guppies below the stop-loss level there's this meme that like bulls were posting all the way up to november and then you know they're still here but um anyway so that's what they were saying here but for my money and what i've been talking about in my commentary my analysis and i've talked about this you can see it is that trust had already been violated you'd already kind of broken the level and for me i was you're starting to now look for a lower high you're starting to look for kind of a you know a bounce to fade at that point because you're gonna you're almost definitely gonna break uh that level so major warning signs and then we did break through um so april 9th so so at this point it's april 9th where am i at so i'm going to kind of explain my thinking so we're down here so we've broken down and i'm like confirmed in my mind like okay i know exactly what's going on with high confidence um and then just the price continues to confirm that thesis right so now we're down here april 9th down to around 42k and we're at like a potential you know there's all these like potential support levels 40k 42k 40k 37.5 these are all kind of theoretical um ill-defined support levels as opposed to the well-defined resistance zone right so this is uh what was this in response to let's see i basically said um basically like you know if you're gonna risk money like you know arm yourself it's almost like if you're gonna go into battle if you're gonna go into battle you know like don't go into battle without a set of armor and a sword i mean like give yourself a chance right because trading's trading so hard it's mind it's a no it's mind numbing it's it's all that stuff so someone replied or just close your eyes and doll crash average bitcoin you know wake up and you'll be happy in five to ten years and it's probably true but like depends because first of all you've got whatever only of like 10 years of history so the whole thing like we can never go below a prior all-time high before just because we haven't done it i mean you don't have that many data points so yes this maybe is true but you're giving away your it's an excuse not to exercise any any risk methodology along the way it's it's an excuse not to define your risk and that goes against everything you know everything you've learned right um and it's always or say okay this is your excuse to forego you know risk management and basic trend analysis what guarantees do we have this coming decade does what last one did that's the point you can't just rely on that like i've been in too many i've been down in too many plays in too many chat rooms over the years where i just wanted to hear what i wanted to hear i just wanted someone to tell me it was going to be okay and like this feels like that follow the trend follow the trend focus on momentum all this other stuff you can't you can't just assume it's going to be okay you have to define your risk okay april 9th that's the back drop to that tweet april 10th so what's going on with the price april 10th let's take a look so we're after the failed breakdown uh 45k we'll leave that up there we'll kind of take a look here so what are we doing again april april okay april 10th all right so yeah all right here so like all right so this is you've lost 42k you've had a flush right but what have you done um even though i'm people say oh you're so bearish yes i'm bearish because the price is bearish but you've got an upper to lower bollinger move on the daily right you're you're likely to have some relief soon some kind of a minor mean reversion to the ema8 right and you get that and you get this all the time where the eight rolls over um and it's support and then it becomes resistance on the way down and so you've seen that it's just standard it's just standard it's just standard right you gotta understand that and that's why like look at what you're buying and where you're buying it in kind of the context of the story right um it's like a four act play like understand where you're where you're buying in that so this is after after it's breaking down it's going to have a relief rally it's not the bottom it's it's a bounce which should be faded um but you can you can go long here and maybe make some profit up to 45 1 5 42 k right so so what i said was most likely scenarios relief reset oscillators and then continue the fade i'm basically telling you here we're probably going to bounce and while that's bouncing like the rsi is going to is going to build up again right it's already down to sub 30 it's at 20 and whatever time frame four hour hour everyone's trying to go long early on their divergence you finally get some relief and the rsi trickles back up you get that hidden bearish divergence with a higher high in the rsi back up to 50 60 and then you can continue down so you see pauses that's like what a bear flag is does any kind of a consent um uh consolidation or continuation pattern it it pauses and allows those res those oscillators to reset so that's what i mean right you all chad you're so um you're so cryptic what do you mean i'm not going to tweet this and then like type out a book to you right you can read my book or you can google you go to youtube like if you would be if you're curious you know um satisfy that curiosity do it but i'm not going to give you everything i don't know the time for it and plus i could give it to you and you still would say i don't know what you're talking about so it's got to be your journey but this is this you know there's this is a pretty clear message relief reset oscillators continue fade oh chad's what do you think this tells you exactly what i think i could do a 10 minute video on this but that tells you exactly what i think is going to happen there's all this subtext and it tells you exactly what's going on here we go next is april 11th so i'm trying to so i'm telling you this first i'm saying look people are going to probably long here people are going to start long in here let's uh clear that up a little bit and april 12th or we got here if you were smart enough april 11th so if you're smart enough to short so this is that same day we're kind of breaking down we're below 40k um you can see that kind of progression of those lower bollinger dips in that rising channel right you can see that if you're smart enough to short on that kind of breakdown level which we know we talked about kind of at the beginning major warning signs ready for smart enough to short there um there's a good spot to take profit basically i'm basically saying like we're probably gonna bounce this is exactly what i'm saying like and it's tying into that to that other uh quote from my book where i said when you're when you're so excited about your trade that you're getting ready to send a screenshot to your buddy um that's when you should take profit right and so i'm kind of tying that in i'm basically saying like hey if you're right now a lot of people are feeling really good about their short probably good time to take profit because we're probably gonna bounce and so what is that that's on the that's on the 12th and so we get a little bounce and it's expected you get a little bounce right up to the ema eight primary downtrend or primary uptrend resistance it's like almost every time um and it's typical so and a lot of people are getting excited right here april 13th they're getting excited and it's like this isn't where you get excited you haven't even flipped the underside of this price cluster it's like what are you doing it's it's an underside ema-8 tag which is like a 9 out of 10 reject on this kind of in this kind of price action um it's like it's anyway i can't i just i'm glad that other people disagree that's how you make a market but i'm looking at this i'm like of course so if you're smart enough take a profit then it's bouncing while this is going on this is a point i want to make um sometimes i had someone say like chad's i don't know if you're bullish or bearish like that's the best compliment you can give me but i'm pretty clearly like i i'm observing the the fact that our the trend is bearish right now which is a secondary trend secondary bear trend primary uptrend you know kind of over a long you know like a 10-year basis or whatever it's we're in a strong bearish secondary trend right now that's the trend but i can still articulate kind of a larger bull thesis like a true chart technician can articulate the bullish and bearish thesis like that's the point you have to be able to because if you can't you won't be able to see data points that that kind of eventually will start to build up in that direction and eventually kind of topple it over like a seesaw right you have to build so i'm still observing three-day market structure still intact with ma200 close above and you can just kind of see the price as hell has at that time had held closed above all of 2022 you know especially as it was setting kind of the bottom of the range and setting the top at you know 45k or 46k where it eventually broke out and came back right so three-day market structure still intact uh april 12th so that's that day we're right here okay oh no that's here that's this day okay as we're kind of expecting to bounce a little bit of a bounce and what do we have here april 14th so you know i'm watching it and we're getting up here and i'm starting to look for lower time frame rejections just because that's where you should get one that's where it makes sense to get one i start to observe the beginnings of a tower top and i tweeted that out four hour this is right here on that day four hour looks like it's setting up for a tower top i later kind of quote tweeted it as it had completed and you know kind of like i guess patting myself in the back or but it's also because it's fun it's fun when you spot things and they kind of play out the way you've read in a textbook or the way it kind of makes sense based on your interpretation and your experience it's fun it's like when you hit when you're in poker you hit like a flush draw the flush hits it's exciting stuff like that right so um what i'm trying to say here and this is on april 14th so i basically said we're probably going to release relief rally here's april 14th it's kind of in this area and we probably just started to break down we actually had broken down quite a bit i said a standard mean reversion to primary downtrend resistance ema8 it's a standard it's a mean reversion you're bouncing back to kind of a mid the middle of the trend a middle of that downtrend that allows your indicators your oscillators to reset it's a standard mean reversion bounce to primary downtrend ema8 and then we have it right here so i'm kind of showing showing what happened before and then i'm showing showing what's happening essentially on that day or really the day before right standard mean reversion 4h tower top into likely continuation towards daily range lows what does that mean what is that what what is that chad's you're too cryptic chad's what does that mean i'm saying we just bounced because we probably should bounce and now we're going to reject where we should probably should reject at that spot where you look for it on a lower time frame we have a reversal pattern that reversal pattern just completed so we're probably going to continue doing what we've been doing towards towards in the direction of since i'm trying towards in the direction of range lows right that's what we're doing that's where we're heading it's momentum it's like what direction is the train heading what direction is the car heading what direction is the missile heading it's heading in direction that's what this tweet says that's what i'm telling you here's your data point price did bounce and chop above that but this is what the trend is telling us okay now i'm getting chad you're so bearish april 15th yeah i'm trying to i'm trying to get through to you i'm trying to explain to you that people are underestimating the impact the damage on the trend of the failed breakout and your favorite influencers are still pumping you full of opium they're still telling you it's gonna be okay they're drawing their this they're drawing their that they don't want you they want you to feel good i don't you know i want you to feel smart i don't want you to feel good i want you to feel smart and this is april 15th the easy bunnies is made it's a grind that's it be ready it's a grind get ready it's survival market there's good money to be made but you have to grind you have to learn you have to be smart okay and a lot of you aren't gonna make it i know it i just know it you're either you're either you're just probably you know either you just don't have the experience and you're probably not going to work hard enough you have to work really hard and you can maybe sometimes you have to get lucky it's everything um but it's discipline it's discipline it's risk management and that's why that earlier tweet about like that's why this this thing earlier drives me crazy here like you can't just forgo risk management okay because who knows i don't know if you're gonna make it are you gonna be here for the next bull run are you gonna have to capitulate because you have to pay your bills um i'm not bearish i just switched from kool-aid to water i mean it's been a little being a little bit harsh here but i just like the copium the opium the kind of false like in my just like not good ta hopi mta charts it kind of bothers me because it's like you can't ignore what's going on sometimes i'm emotional um and you know some of that's in here but i'm telling you what i think i'm not i'm telling you exactly what i think all right um i'm point this is a tweet i do where i'm basically telling you pay attention to this because i'm setting up the next tweet where i say first close below since right i'm basically saying it looks like we're about to break break a record here because earlier we talked about the fact that the uh three day ma200 had held right it held right i'm telling you now i'm starting to talk about it reminding you uh has not closed below since april 2020 right where we're getting there we haven't closed all right at that point um and having that's on april 18th all right and i'm sorry i'm clicking around a lot that's right up in here we're still up in there okay april 21st still holding the smash sma what does that mean simple moving average okay there's an exponential moving average and a simple moving average right exponential means more price uh more waiting more more data waiting is given to the most recent candle okay exponential simple means all all you know if it's simple moving average 10 all 10 of the same weighting equal weighting still holding sma-200 here's this tweet on april 22nd and i'm basically saying like like i i just i just i'm surprised people are i'm really surprised people are not talking more about this okay classical charting i said it earlier like you establish a level data points time interval historical significance um it's context as well in this case it was it was the it was let me show you what i mean let me move in my hands um so it's like it's this it's this metaphor i've used a million times bitcoin live youtube videos the downtrend has to try to go sideways before up right red light turning yellow before green and you're you were you had already you had i say bulls had forced you had forced sideways and it's clear that that sideways had been forced right we had evidence of that on the daily chart m a 50 recapture um you know moving average crosses right with the bull cross here at 834 bull cross there was evidence that the downtrend had been forced sideways but you where's that pivot point right that's your job is to identify levels in the chart that reflect an increase or a decrease in the momentum momentum of the trend okay and that was a level where you were going from sideways to up and you were right there right all you got to do flip ma200 um you know hold the throwback to 46 flip ma200 and we were at 58k that's why everybody had the target of 58k everybody everyone was looking there because that's where you're supposed to go that's where you should have gone that's where it made made sense to go big big big big big level break out retest and go right and probably you know have a little messy retest and just you know stair step it up there didn't happen big time failed breakout you can't ignore that that's like a death knell to the bulls that's why you are i you know 45 below 45k risk off i have the tweet i talked about last you know last time i i call i'm clear i'm in my opinion of what i when it's like full risk off that was full risk off and i'm saying that most most market participants are under estimating the impact of the failed breakout it's a you know and that's that's how i felt then that's how i feel now okay um again we're right there i'm saying listen we haven't closed below that the three day ma200 since april we're right there okay um and then we're getting close to it again again a visual of what happened here we go now we're getting fun so what happened after a bull trend right it's when it it's not when it just rolled over here and oh look what happened last time it was this is the context people everyone everyone misses the context because they're so blinded by their bias they're so blinded by the conclusion they want to reach before even looking at the data you have to you ha you can't say oh the last time it did this was in you know whatever march of 2020 and it ran to all-time high no that wasn't after a bull trend that wasn't after a big bull move okay this is after a massive bull move because you're looking at the contacts of the ma200 the ma200 came up and flattened out so it was rolling over same thing here it's the same context back here after the massive bull run not the sideways consolidation this is part of that was just part of that that larger equilibrium right the high the low lower high the higher low and the break um that's like a you know it would that was part of that move and that was part of that consolidation after the big move so it's what happens after a big move up when the ma200 is starting to roll over sorry the yeah i may 200 rolling over what happens when you break it i mean so you could see i mean that's a damaged weakened to trend and that gets you to 20k that gets you to sub 20k you know bear flag targets take you kind of in that general area so it's not it's not like it's it's not like it's crazy to talk about this stuff and you're you know ultra bear it's that you kind of look at your look at what the trend could do and when you're at those key pivot moments and we're saying listen i'm saying here this is on april 24th here's what happened last time not a prediction i might say it's going to happen and then boom another warning sign okay first close below the three-day ma200 since april 20 2020. all right here's these prior warning signs here's the prior warning sign the failed breakout here's another warning sign right starting to break down that's a big deal um that's a big deal i had a conversation with one of my one of my one of my friends who's an excellent trader excellent chartist and he was he was bullish and i said i said basically we just had that's a big deal that's a big deal to me in my analysis and i think that's important um here we go so this drove me crazy do i have it look at this thing it's like what are we talking about what are we talking about with this like yeah yeah it's a bold trend great so like what are you you don't even need ta if this is your whole thing where um it's always been an uptrend great then like what are we even what is there to talk about what are we even doing okay um what are we even doing at that point right within this what what's not what's between the lines it was within this is all these series of failed higher lows within this right there's all these breakdowns you can see that and it's about managing your risk and it's about understanding the broader trend so here's my point like and i saw this i drove me crazy oh it drove me crazy it drove me crazy like back at the like but at this topping period after it was so clear we had topped off in november like everyone just like zooms out to a monthly and draws like a like a big diagonal line and it's like oh we're still an uptrend great like what is the point of that um what is what does that do for what does that do what why are we even here why are we even here like what is the point right why are we even looking at candlestick signals in bollinger bands if like if if no matter what we're just gonna fall back to this uh you know fall back to this if we're gonna f if we're gonna fall back to this then like what are we even doing right this is like something carl the moon would post so you know like what is the point why even bother learning risk management and ta so it just it drives me crazies all right again four hour tower top so why am i looking for a tower top all right april 26th all right let's clean it up a little bit all right april 26 april 26 that even happened that's a three day okay so we're right here right we just had a really nice candle okay um we got another spring another potential spring right where we set the low if we kind of recaptured it and we closed near the the top of the uh chat of the candle that's a great signal outside bar completely eclipsing the prior two candles big strong candle kind of mild volume normally like this is a candle set to trap you but if you observe we just had the outside bar it completed the relief rally completed at the m850 underside all right then you had the up thrust or the false bull break here right on the temporary uh temporary brake and inability to hold you know that 42k level see the outside bar the completed with weak follow through this bull outside bar which is what the great candle at that time four bulls to force another you know force a relief rally force a broader relief rally okay and it bounced right in and the up thrust came back and then another one so this is a really tempting candle to get long on it's really tempting candle get long on the problem is i wouldn't go long unless i was already long down here which would have been fine it would have been fine to go along uh from when i say that from the standpoint of being prudent cautious uh taking advantage of kind of those basic uh overreaction moves and on the recapture of that low okay you went long there but up here kind of light volume outside bar and the last outside bar kind of fizzled out um and i see m820s here i'm already thinking fade i'm already thinking we're gonna reject like it just makes sense we're probably gonna reject here so i'm looking at like four hour i'm switching to lower time frames you switch to lower time frames um at the key levels okay and we were at the m820 and that was the time uh that was the time when i switched to four hour i mean look at that gorge that's gorgeous a beautiful tower top um so right here so look 4h outside chad ah chat you're so cryptic oh he just wants to i read i read a lot of them i don't respond oh he just wants to tweet it both ways so he can he can quote tweet you know he can quote tweet whatever one is right i mean it literally says here 4-h outside may be setting up for a tower top what does that mean what does that mean 4-h outside type of tower top this it means this it's a tower top it's the same thing we talked about earlier had done this uh where was it relief rally there there we go right it had done that tower top it had done that it was it did done that recently right um and it does at that key moment what four hour for whatever tower tops on bitcoin um they're pretty solid they're pretty solid but it's about contact you're expecting a rejection there i talked about that daily ma20 given the context the weakness of the prior outside candle you're looking for a top and you see it in the candle progression too uh large candle body you know smaller even smaller even smaller look at the size of those real candle bodies the look of the compress compression of the force and then the outside bar look at that that's combining eastern and western technical analysis the the progression of that that candle body and then uh a classical charting the outside candle that is like momentum just got encompassed boom outside candle now you're really looking for an out now you're really looking for a tower top boom 4h outside may be setting up for a tower top you got to be defensive you have to read the trend you see it there it is you know 40.5 k and boom there's your tower top so it completes all right it's not magic oh how do you do it chad's chad you're a magician oh legend i'm no it's like right here i'm i'm walking you through it i'm doing these videos and i think too many of you have been conditioned to believe that btc only goes up and that's that's with this context earlier i talked about um you know i talked earlier about just like foregoing your risk you know and there's no exa there's no guarantee that that like this this 10 years is like the last 10 years i don't like that you like you have to protect your capital you have to protect your capital every a good trade is like a first date it starts out with an exit plan right you always start out with an exit plan can't just buy and hold because everyone else has told you that it's always worked it that may be the case and yes i believe i'm a btc maxie but like i'm not gonna hold all the way down i have well actually it's funny because i do have a huddle which i'll never sell but i'm not like my trade portfolio um you know my huddle is not an amount that's going to totally over expose me one way or another and i want to add to it but i'm not going to add to it until there's a capitulation until there's volume and volatility and some type of a thesis that i can know when it fails i'm not going to go heavy into it unless the price structure is going to allow me a way to do that and then to be quickly wrong and to know i'm wrong okay uh for our tower top too many of you have been conditioned to believe it only goes up and you're buying the dips you don't understand you buy the dip in an uptrend you don't buy the dip when it's down trending when it's correcting right we don't just buy the dips after it had a false breakout you just wait till there's bullish momentum wait until there's a recapture on the daily chart you get back up above these moving averages um so that you don't just buy every dip okay and then there it is textbook tower top right whatever right great call so i'd rather be right in the other direction i'd rather be right like calling like a buy the dip when it's going up but like that's not what we're doing that's not what's going on right now all right i want to get back to just chilling and relaxing listen i don't do these videos all that often i'm a founding analyst at bitcoin live i do twice a week full market updates um and chart requests and we have a really great team when you sign up you get access to all the content not just my stuff everyone else's stuff and it's a team i can really be proud of so i encourage you to check that out um of course i'm on twitter i'm at big sheds i'm the author of trading wisdom 50 lessons every trader should know um feedback's been unbelievable um i really appreciate that i read i read those comments and um it's it's something special it's really something cool and proud of um i actually have a third book coming out sometime this year i may push it back a little bit because i really want to work on it it's trading quotes quotes from the book and then i've taken like all my new quotes like i'll go to the gym and i'll come up like a quote like you know farmers pray for rain like traders you know pray for volatility whatever i'm just like always thinking about this stuff um and so uh the cover art is out i tweeted it out check that out um but that'll be exciting new book this year i'm an author i'd like to write um please do check that out as well so i will tell you this that uh trading is really hard trading super hard it's fun and it's like when you get those wins you think man all i got to do is do this again oh it's easy and then so when you have a win you've got to be really careful uh you got to be super careful because after wins is when you get riskier you you forgo your risk management you make you make 400 bucks in a play you say oh i can afford to lose 400 bucks so i'm gonna go try something i'm gonna go experiment like don't do that you know be really careful after you have a win right because you're going to be risky it just always happens my biggest losses always come after my biggest wins it's just it's just a fact so kind of keep in mind i hope that that helps that kind of um tidbit of wisdom i want you folks to know that i do appreciate each and every one of you even though i may not i'll respond to your comments um i definitely appreciate you i've been there um i've been in the trenches i've been burned but i'm still around and that i'm thankful for as i am for your continued support big chats out so you
2022-05-01 14:56
