$Bitcoin (BTC.CC)$ This could have been your long entry, but...
This could have been your long entry, but instead some of you would rather argue, its all good 🤷🏽♂️
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If it pays, I plays 777
I scalp 0DTE on SPX SPY, and random YOLO plays.
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iOnlyDoTA : lol hindsight bias![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Crimson 777 OP iOnlyDoTA : It would nice if you actually did some research before commenting, go to my profile its all there. This isnt about luck brother.
76543210 Crimson 777 OP : I follow your moves, bruh! I can attest to your accuracy and power of analysis. Haters are gonna keep on hating, keep doing your thing
Crimson 777 OP 76543210 : Apreciate the kind words bro, Im not always right, but I do my best.
76543210 Crimson 777 OP : hey in my books, you're a lot more right than wrong. Block the noise and help lead the way. God bless
Intention-loop : oh, you’ll get another chance bitcoin loves confirmation plus I preferred to enter around the current market. This way you can DCA your trade on levrage down to a much deeper liquidity point ensuring that it doesn’t need to be closed for quite some time. Sometimes the best entrance is not the bottom. It’s what you do with the entrance that you take.
Crimson 777 OP Intention-loop : I cant disagree with youre statement. I tend to enter earlier which isnt always optimal in the sence that if youre wrong you will average down which basically means you were messed up in the first place. Ideally I would wait for the liquidity sweep prior to the move and then wait for confirmation once support is confirmed to make an entry.
ill give an example here from an old SPY trade just because it demonstratez it correctly.
I like to get in where the left arrow is, the right arrow is what would be considered a "safe entry" by the majority. I'll explain why. If you trade contracts, the price of Calls in this case will start going up as the velocity of the drop begins to slow down, prior to the actual reversal. That isnt visible on the chart, the chart at that point is still all red doom and gloom and so you sound ridiculous to most when you claim a reversal. However it allows you to buy in at the lowest price possible, which also gives you more wiggle room in case you were wrong, which happens at times. Once the the reversal becomes visible on the chart and lagging indicators which is what most retail goes by, the price of said contract have already shot up significantly. That in turn makes it more risky (just my opinion), because youre already paying more and now you need to be right right off the start which will affect your mental state and decision making.
Crimson 777 OP : here I'll show you few more. These might all look different, but they are all exactly the same setup up.
Intention-loop Crimson 777 OP : that’s the beauty of trading you’re never really wrong or right and almost always. If you use proper leverage in proper discipline I bet most of your trades come back to entrance at some point whether you were right or wrong patients and being intentional and knowing exactly what you’re willing to lose when you feel your right is all super important and it’s fascinating and I love trading
Crimson 777 OP Intention-loop : yeah its really personal for everyone, my brain is not your brain and so on. That's what's cool about it, I mainly post to keep myself accountable lol, and help some learn from others etc.
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