It’s time to wake up and smell the money. One of the most exciting use cases of crypto is to both earn yield and get low-interest credit loans, especially since banks are only throwing pennies at our feet. I’ve had enough and that's why NEXO is sponsoring this newsletterNEXO is leading the charge in this arena with 360-degree crypto banking services.If you are looking to park your crypto, sit back, and earn some yield, you can make up to 12% annual interest by doing nothing. If you’re in the market for a loan, they have them for as little as 5.9% APR and you don’t have to sell your crypto which is a taxable event. Their credit lines are dynamic, meaning that as the value of your crypto goes up, so does your available credit. Really cool and innovative.Check NEXO out and put your crypto to work for you.There is a famous saying in poker - if you can’t spot the sucker in the room, you are the sucker. I recently read a tweet that made a similar observation about trading - if you can’t spot the liquidity in the market, you are the liquidity.Or as I often say - your stop loss is a whale’s entry.Have you ever experienced the following scenarios?1) You identify a trade, set your stop loss and take profit, and wait to see it play out. You set your stop loss below a support level, demand area, or Fib level. Price drops down to your stop, triggers, and immediately goes the other way. Your trade idea was correct, but your stop loss was slightly too tight.2) You take a trade without a plan. Price goes against you, dropping and dropping. You finally decide to sell, and the minute you do, the price goes the other way, creating what would have been a profitable trading opportunity.Why does this happen?1) You have placed your stop loss in a liquidity pool, which a whale has identified as an area that they can likely fill their order. Your stop loss is a sell order - they need sell orders to buy en masse to fill their large bids. This is often seen in the form of an SFP (Swing Failure Pattern) - price flies down past a previous swing low, wicks into the liquidity, and then closes back above the swing low. Someone actually sells down into that liquidity to fill their buy orders. DO NOT HAVE YOUR STOP LOSS SITTING IN AN AREA OF LIQUIDITY. They are “hunting your stop,” “sweeping the lows” or whatever other euphemism is used for this phenomenon. In the same area that you have placed your stop, others have placed their shorts - support is “breaking” and they want to get in line with the new downtrend. Your stops and their shorts = liquidity for buy orders.2) Every chart is a visualization of human emotion - namely fear and greed. The moment that you finally feel fearful enough to exit your position is usually the same moment that a big player is capitalizing on that emotion and buying. As crazy as it seems, you will see this on a chart all of the time. Your fear usually strikes at the same point on the chart as the liquidity pools described above.THINK LIKE A WHALE.The simple fix? Wider stop losses and smaller positions. It’s not rocket science, but giving your position a bit more breathing room, placing that stop a bit lower is likely to save you from this error. You will still get stop hunted, it will happen sometimes. But trading with more of a margin for error and a looser stop will save you a ton of money in the long run.The ability to place proper stop losses and then size your position correctly are two of the most important facets of trading - and they can only be learned and improved upon by testing them over and over again.If you do desire to get this email more often, you can join the paid version!The paid version is only $15 a month and goes out every single weekday. It is just like the issue you are currently reading! Composing this newsletter is how I spend the majority of my time, and I take the fact that my members are paying me very seriously. I would love to have you become a more frequent part of this community.https://www.getrevue.co/profile/TheWolfDen/membersIf you cannot pay with a credit card, please respond to this email and we can get you setup with crypto. If you do want to pay with crypto, I can offer 7 months for the price of 6, or 14 months for the price of 12 for the inconvenience!This newsletter is ALWAYS sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COIn This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsChart RequestsMake My Charts Your Own!Hundreds Of U.S. Banks Have Their Eyes Set On BitcoinMore Bitcoin Added To Corporate Balance SheetsChina’s Hashrate Is DroppingThe Wolf Of All Streets Podcast Ft. Jamie RogozinskiMy Recommended Platforms And Tools
The Wolf Den #236 - Think Like A Whale
The Wolf Den #236 - Think Like A Whale
The Wolf Den #236 - Think Like A Whale
It’s time to wake up and smell the money. One of the most exciting use cases of crypto is to both earn yield and get low-interest credit loans, especially since banks are only throwing pennies at our feet. I’ve had enough and that's why NEXO is sponsoring this newsletterNEXO is leading the charge in this arena with 360-degree crypto banking services.If you are looking to park your crypto, sit back, and earn some yield, you can make up to 12% annual interest by doing nothing. If you’re in the market for a loan, they have them for as little as 5.9% APR and you don’t have to sell your crypto which is a taxable event. Their credit lines are dynamic, meaning that as the value of your crypto goes up, so does your available credit. Really cool and innovative.Check NEXO out and put your crypto to work for you.There is a famous saying in poker - if you can’t spot the sucker in the room, you are the sucker. I recently read a tweet that made a similar observation about trading - if you can’t spot the liquidity in the market, you are the liquidity.Or as I often say - your stop loss is a whale’s entry.Have you ever experienced the following scenarios?1) You identify a trade, set your stop loss and take profit, and wait to see it play out. You set your stop loss below a support level, demand area, or Fib level. Price drops down to your stop, triggers, and immediately goes the other way. Your trade idea was correct, but your stop loss was slightly too tight.2) You take a trade without a plan. Price goes against you, dropping and dropping. You finally decide to sell, and the minute you do, the price goes the other way, creating what would have been a profitable trading opportunity.Why does this happen?1) You have placed your stop loss in a liquidity pool, which a whale has identified as an area that they can likely fill their order. Your stop loss is a sell order - they need sell orders to buy en masse to fill their large bids. This is often seen in the form of an SFP (Swing Failure Pattern) - price flies down past a previous swing low, wicks into the liquidity, and then closes back above the swing low. Someone actually sells down into that liquidity to fill their buy orders. DO NOT HAVE YOUR STOP LOSS SITTING IN AN AREA OF LIQUIDITY. They are “hunting your stop,” “sweeping the lows” or whatever other euphemism is used for this phenomenon. In the same area that you have placed your stop, others have placed their shorts - support is “breaking” and they want to get in line with the new downtrend. Your stops and their shorts = liquidity for buy orders.2) Every chart is a visualization of human emotion - namely fear and greed. The moment that you finally feel fearful enough to exit your position is usually the same moment that a big player is capitalizing on that emotion and buying. As crazy as it seems, you will see this on a chart all of the time. Your fear usually strikes at the same point on the chart as the liquidity pools described above.THINK LIKE A WHALE.The simple fix? Wider stop losses and smaller positions. It’s not rocket science, but giving your position a bit more breathing room, placing that stop a bit lower is likely to save you from this error. You will still get stop hunted, it will happen sometimes. But trading with more of a margin for error and a looser stop will save you a ton of money in the long run.The ability to place proper stop losses and then size your position correctly are two of the most important facets of trading - and they can only be learned and improved upon by testing them over and over again.If you do desire to get this email more often, you can join the paid version!The paid version is only $15 a month and goes out every single weekday. It is just like the issue you are currently reading! Composing this newsletter is how I spend the majority of my time, and I take the fact that my members are paying me very seriously. I would love to have you become a more frequent part of this community.https://www.getrevue.co/profile/TheWolfDen/membersIf you cannot pay with a credit card, please respond to this email and we can get you setup with crypto. If you do want to pay with crypto, I can offer 7 months for the price of 6, or 14 months for the price of 12 for the inconvenience!This newsletter is ALWAYS sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COIn This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsChart RequestsMake My Charts Your Own!Hundreds Of U.S. Banks Have Their Eyes Set On BitcoinMore Bitcoin Added To Corporate Balance SheetsChina’s Hashrate Is DroppingThe Wolf Of All Streets Podcast Ft. Jamie RogozinskiMy Recommended Platforms And Tools