@haejin's Trading Nuggets All Learned Through Tonnages of Failure Experiences
SUMMARY
Besides Laddering IN and OUT, here are @haejin's other Trading Parameters
- Buy what the crowd hates! This will help prevent you from herding.
- Never empty the wallet into a single trade! Even with laddering, you will crumble to emotional distress if price goes against you!
- Market makes the news and never the other way around. Know this and understand this!
- NEVER short a bull market!! Your account will go to ZERO!
- NEVER trade on MARGIN! Your account will go to ZERO!
- Always FOLLOW THE TREND!! First, identify the trend, then trade in its direction. Trend is your friend!
- In a Bull Market, BTFD! (Buy the F*cken Dip) (I got this acronym from Zerohedge.com). Reverse for Bear Market.
- Have the courage to let your profits ride higher. Humbly and gratefully take your profits.
- Take your profits before the other guy...let him hold to take the remaining last crumbs. In other words, no need to hang on for the very last penny.
- Be impatient with your losing trades...e.g. allow yourself to get stopped out.
- Don't day trade...trade big trends!
- Celebrate your losses and mistakes...they teach better than your successes!
- Never be inflexible in your analysis and beome myopic! This will make your account go to ZERO!
- Forgive yourself for any bad, dumb, idiotic, asanine trades and learn the lesson.
- It's always better to be out of the market wishing you were in it than in the market wishing you were out of it. Never forget this.
- In the words of the Oracle of Omaha: Be fearful when others are greedy and be greedy when others are fearful.
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
These are my best pick.
It's always better to be out of the market wishing you were in it than in the market wishing you were out of it. Never forget this.
In the words of the Oracle of Omaha: Be fearful when others are greedy and be greedy when others are fearful.
Thanks for being standby.
I wish you MASSIVE profits!
Wishing you the same.
@haejin personal question: why the other guy hates U? I am new here
thanks
HAEJIN & RANCHO LIVESTREAM
Great advice,
Post!
We may have to start calling you the Oracle of Crypyo!
Or perhaps the clairvoyant of crypto sounds better.
LOL!
Though I need to find ways to attract the whales so as to gain greater visibility within Steemosphere....
Some of the whales are already aware of you, I saw @kingscrown here once just keep it up.
I wouldn’t worry about that. Word will spread! Your number of followers has already gone up frantically in the past few weeks. Could be 2k by xmas!
It will happen.
I wish you MASSIVE profits!!
Great comment!!! I like them both!
In my apartment I live with at least 2 ghosts. One is a victorian woman that lived in the structure that used to be on the property, the other is a drag queen. We made a deal, that the bedroom was off limits, and that they had run on the apartment when I went to sleep. They don't really cause any problems - and are pleasant to be around.
HOWEVER. At one point I was letting a friend crash on my couch, and she was dating a much older man. I had come home, and she was out. I could tell that something was off in the house, because the normal feel of the space was drastically off. It didn't feel like my place usually does. It wasn't inviting, and it was very confused, cold, and tense.
It was late in the evening, I was the only one in the whole building, and I was on my way out to the gym. When I stepped out of my bedroom I looked up and saw a man standing in my kitchen. Now, I could tell it was a man, but it was more like a dark opaque smudge in the shape of a man. The only clearly defined thing about him was his hair, it was a nutty dirty blond, parted on the left side, it was coarse and had a pronounced wave.
I pretended not to see him, because I was busy and didn't need to deal with that shit. I walked over right next to him, and pick up my gym bag. He slipped into the kitchen - the beaded curtain between the living room and kitchen barely even moved. I assumed he had left, and was just a transient ghost that just died somewhere around the area.
As I picked my bag up, he came out of the kitchen again, and I jumped a little bit... it was enough for him to know that I could see him. I grabbed my bag and he came at me, I held steady and pretended like it didn't happen. He went back into the kitchen, It was obvious he was looking for something frantically but couldn't find it.
I used this time to start walking to the front door. As I reached the front hallway I turned around and he was standing, in the center of the living room, looking right at me. I looked right at him, and he knew I could see him. at the point he moved quickly towards me, I ran for the front door. He was right next to me, I could tell he needed something, or was looking for something - but he was so confused and angry.
I hit the front door pretty hard, the man was standing right next to me. At no point had he touched me, or attempted to hurt me - but I was scared. I could feel how confused and frightened he was and it making me confused and scared. All I knew was that I needed to get out of there ASAP.
I ran out the front door and slammed it shut. He didn't follow me out.
I went to the gym, and did my thing. When I got home, the couch surfer was home and the apartment felt normal again. The couch surfer was crying - again I didn't feel like dealing with it. So I went to my room and slept.
In the morning we chatted. She said that the older man she was dating had a sudden heart attack and passed away earlier the day before. She showed me a photo of him and BAM - his hair was exactly the same as the smudge thing that had been in the place the night before. I told her what happened, and she started to dry again. We both concluded that after he passed away, he came over to see her - one last time.
I asked her to tell him to leave - she did, and I've never seen the smudge or had another issue in the apartment since.
For what it's worth, I am happy to have found a great mentor to learn from. A resource that will undoubtedly provide lots of invaluable gems of knowledge - not on how to make more money, but how to learn the trade.
I am deeply grateful to you to be willing to share your knowledge with those that seek it. Thank you!
Thank you Haejin. I saved it in a file called' trading pearls of wisdom from Haejin'. You are a Guru!
Never trade on margin. I'm in the process of learning this lesson myself right now. I went long on ETH/USD a few days ago and I've been watching it go lower and lower. It doesn't help that I also emptied my wallet on it, so I broke two rules.
I am going to print this one and post it over my desk
Great work!!Thanks! an update on recent BTC movement?
https://steemit.com/bitcoin/@haejin/bitcoin-btc-morning-update-overnight-hit-usd7-352-what-s-next-check-out-this-analysis
Excellent lessons, thanks
In my apartment I live with at least 2 ghosts. One is a victorian woman that lived in the structure that used to be on the property, the other is a drag queen. We made a deal, that the bedroom was off limits, and that they had run on the apartment when I went to sleep. They don't really cause any problems - and are pleasant to be around.
HOWEVER. At one point I was letting a friend crash on my couch, and she was dating a much older man. I had come home, and she was out. I could tell that something was off in the house, because the normal feel of the space was drastically off. It didn't feel like my place usually does. It wasn't inviting, and it was very confused, cold, and tense.
It was late in the evening, I was the only one in the whole building, and I was on my way out to the gym. When I stepped out of my bedroom I looked up and saw a man standing in my kitchen. Now, I could tell it was a man, but it was more like a dark opaque smudge in the shape of a man. The only clearly defined thing about him was his hair, it was a nutty dirty blond, parted on the left side, it was coarse and had a pronounced wave.
I pretended not to see him, because I was busy and didn't need to deal with that shit. I walked over right next to him, and pick up my gym bag. He slipped into the kitchen - the beaded curtain between the living room and kitchen barely even moved. I assumed he had left, and was just a transient ghost that just died somewhere around the area.
As I picked my bag up, he came out of the kitchen again, and I jumped a little bit... it was enough for him to know that I could see him. I grabbed my bag and he came at me, I held steady and pretended like it didn't happen. He went back into the kitchen, It was obvious he was looking for something frantically but couldn't find it.
I used this time to start walking to the front door. As I reached the front hallway I turned around and he was standing, in the center of the living room, looking right at me. I looked right at him, and he knew I could see him. at the point he moved quickly towards me, I ran for the front door. He was right next to me, I could tell he needed something, or was looking for something - but he was so confused and angry.
I hit the front door pretty hard, the man was standing right next to me. At no point had he touched me, or attempted to hurt me - but I was scared. I could feel how confused and frightened he was and it making me confused and scared. All I knew was that I needed to get out of there ASAP.
I ran out the front door and slammed it shut. He didn't follow me out.
I went to the gym, and did my thing. When I got home, the couch surfer was home and the apartment felt normal again. The couch surfer was crying - again I didn't feel like dealing with it. So I went to my room and slept.
In the morning we chatted. She said that the older man she was dating had a sudden heart attack and passed away earlier the day before. She showed me a photo of him and BAM - his hair was exactly the same as the smudge thing that had been in the place the night before. I told her what happened, and she started to dry again. We both concluded that after he passed away, he came over to see her - one last time.
I asked her to tell him to leave - she did, and I've never seen the smudge or had another issue in the apartment since.
Thank you!