@haejin's Trading Nuggets All Learned Through Tonnages of Failure Experiences — Steemit

@haejin's Trading Nuggets All Learned Through Tonnages of Failure ExperiencessteemCreated with Sketch.

in bitcoin •  last year

SUMMARY

Besides Laddering IN and OUT, here are @haejin's other Trading Parameters

  1. Buy what the crowd hates! This will help prevent you from herding.
  2. Never empty the wallet into a single trade! Even with laddering, you will crumble to emotional distress if price goes against you!
  3. Market makes the news and never the other way around. Know this and understand this!
  4. NEVER short a bull market!! Your account will go to ZERO!
  5. NEVER trade on MARGIN! Your account will go to ZERO!
  6. Always FOLLOW THE TREND!! First, identify the trend, then trade in its direction. Trend is your friend!
  7. In a Bull Market, BTFD! (Buy the F*cken Dip) (I got this acronym from Zerohedge.com). Reverse for Bear Market.
  8. Have the courage to let your profits ride higher. Humbly and gratefully take your profits.
  9. 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.
  10. Be impatient with your losing trades...e.g. allow yourself to get stopped out.
  11. Don't day trade...trade big trends!
  12. Celebrate your losses and mistakes...they teach better than your successes!
  13. Never be inflexible in your analysis and beome myopic! This will make your account go to ZERO!
  14. Forgive yourself for any bad, dumb, idiotic, asanine trades and learn the lesson.
  15. 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.
  16. 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.**

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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.

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Wishing you the same.

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@haejin personal question: why the other guy hates U? I am new here
thanks

Great advice,
steemit - fantastic.gif Post!

We may have to start calling you the Oracle of Crypyo!

Or perhaps the clairvoyant of crypto sounds better.

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LOL!
Though I need to find ways to attract the whales so as to gain greater visibility within Steemosphere....

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Some of the whales are already aware of you, I saw @kingscrown here once just keep it up.

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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!

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I wish you MASSIVE profits!!

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Great comment!!! I like them both!

Thank you Haejin. I saved it in a file called' trading pearls of wisdom from Haejin'. You are a Guru!

@haejin, this may sound like a dumb question, and probably doesn't have an easy answer, so please forgive me... how do you identify a "trend" before it's too late? What are signs of a trend vs. a temporary movement?

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The fastest answer I can tell you is to stick with @haejin and learn.

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

Excellent lessons, thanks

Just wow. How powerful.
Since I have already made several of these mistakes, I will work on rule 14 (forgive myself) LOL!! then follow the rules in the future.

Haejin,
Would you start and online class???
Stupid question though, because this is very much like a class.
However, I would sign up as your first student if you every ran a class.
Meanwhile, I look forward to your posts and videos. They are extraordinary. And those bullies in the earlier post can go blow smoke.

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Have you bought the books?

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hello are there in Italian?

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Printed this out and have it staring me in the face above my monitor.

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And you'll be soon making your own list.

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Agreed

I love Haejin even more now that I know he's a ZeroHedge reader.

The classis BTFD video, per #7 above (NSFW).

very nice reminder. Thank You !

Thanks Haejin. I am new to trading and having the right mindset and patience seem to be the most challenging aspect of trading. I read these whenever I lose trade or panic and exit, and then the chart moons :P

What could I say...simple excellent post, always educative, thanks!

GREAT ADVICE AS ALWAYS! Thank You Haejin :D

Thank you @haejin for everything. I follow you now for around 6 Weeks. I learned so much already. Its also intersting to see as the more followers you get as more conflicts are coming up, just like in the real world. You are doing a great job though- positive and giving . In case i succeed over the long term with BTS and others i will use my money to built a health center where people can come to work on themselves. Meditate, go inwards and heal. We all need the healing. Somebody more then the other maybe but we all do.
Send you postive energy and thank you again!

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!

great info thanks

Clear and concise. This is helpful. Thanks @haejin

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You may appreciate this @nightcook

Haejin, thank you for all the work you put into helping this community!

Printed and on my wall

Thank you! I am still really new to crypto and have made lot of dumb decisions and have been wayyyyy too emotionally invested. In my research, I have come across your page and I really like the solid technical approach you take.

I need to print out this list and put it on the wall right in front of me so that I can remind myself of some of the key points I need to focus on.

I am really learning this one right now:"Forgive yourself for any bad, dumb, idiotic, asanine trades and learn the lesson." I need to force myself to get out and forgot about my positions I am in for a bit and let the charts do the work for me.

Thank you again for all that you are doing for the community. I look forward to the future and learning from you.

Great tips. Some I already follow and others I will need to incorporate.
Thanks a million Oracle :)

New to steemit, new to crypto. But your posts are certainly entertaining, and hopefully will help me profit. Thanks!

(Edit: and new to trading, too)

please voteback..
thanx

BY God! words of wisdom........

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