The Wolf Den #2. Bitcoin, Alt Trades, Trading Tips, Upblock And More
thewolfden.substack.com
Welcome to the second edition of "The Wolf Den." I would like to thank all of you for continuing to spread the word about the newsletter, which already has well over 1,400 subscribers. I have big plans for the Wolf Den and am thrilled to have all of you along for the ride - please share this with anyone who you believe would benefit from my thoughts.Last week, I received feedback that it was difficult to zoom in and read the specific levels on my charts when they were posted as images. Moving forward, I am publishing the ideas privately on TradingView, which will allow you to open the idea and push the "play button" to see the progress from the time that I posted. This should make the setups far easier to read and follow.A quick note on risk management... I love this quote, because it sums up my overall philosophy on trading in a few words."If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong." - Bernard BaruchI talk about this all of the time and will continue to do so ad nauseam. Being right is practically meaningless! You can lose more trades than you win and still be profitable. All that matters is risk management and, more specifically, the ability to lose small. Eliminate your ego and make more money.So without further adieu, this is what is in this week's edition.Bitcoin thoughts and technical analysisWhy exposure to Bitcoin reduces overall portfolio riskAltcoin trades - MATIC, WPR, ARPA, DOCK, LINK, FET, VETUpblock - a new tool for fundamental analysisTrading Tip - Take a 3% profit on every trade for a monthMy interview with VoyagerCharity - the "Miracle On Main Street."A list of my preferred platforms and tools
The Wolf Den #2. Bitcoin, Alt Trades, Trading Tips, Upblock And More
The Wolf Den #2. Bitcoin, Alt Trades, Trading…
The Wolf Den #2. Bitcoin, Alt Trades, Trading Tips, Upblock And More
Welcome to the second edition of "The Wolf Den." I would like to thank all of you for continuing to spread the word about the newsletter, which already has well over 1,400 subscribers. I have big plans for the Wolf Den and am thrilled to have all of you along for the ride - please share this with anyone who you believe would benefit from my thoughts.Last week, I received feedback that it was difficult to zoom in and read the specific levels on my charts when they were posted as images. Moving forward, I am publishing the ideas privately on TradingView, which will allow you to open the idea and push the "play button" to see the progress from the time that I posted. This should make the setups far easier to read and follow.A quick note on risk management... I love this quote, because it sums up my overall philosophy on trading in a few words."If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong." - Bernard BaruchI talk about this all of the time and will continue to do so ad nauseam. Being right is practically meaningless! You can lose more trades than you win and still be profitable. All that matters is risk management and, more specifically, the ability to lose small. Eliminate your ego and make more money.So without further adieu, this is what is in this week's edition.Bitcoin thoughts and technical analysisWhy exposure to Bitcoin reduces overall portfolio riskAltcoin trades - MATIC, WPR, ARPA, DOCK, LINK, FET, VETUpblock - a new tool for fundamental analysisTrading Tip - Take a 3% profit on every trade for a monthMy interview with VoyagerCharity - the "Miracle On Main Street."A list of my preferred platforms and tools