The Wolf Den #4 - on vacation, but the crypto market never sleeps.
thewolfden.substack.com
I am on vacation (although maybe best described as a "trip" according to this article) this week in Colorado, and am presently preparing to lug my family out the door into sub 0 temperatures. We are going to "shred some gnar," or whatever popular vernacular the teenagers on snowboards that are whizzing past me on the mountain say these days. That won't stop me from putting out the 4th edition of The Wolf Den!As I mentioned last week, I will be expanding the newsletter with a paid version starting in January. As an addition, each week I will run a poll on Twitter asking what coins you would like for me to chart. I will create a dedicated issue on Thursdays featuring the 5 most requested charts. I intend to bring tremendous value to my paid subscribers and to help in any way possible with your trading careers.To that end, remember that trading is all about psychology and emotional control. I can chart coins for you until I am blue in the face, but that won't make you a profitable trader, even if they all go to plan. I can only offer an unbiased review of what the chart says to me - if you read my last issue, you know that charting is not a science and that charts cannot predict the future."Trading is a psychological game. Most people think they are playing against the market, but the market doesn't care. You’re really playing against yourself." - Martin SchwarzThe moral of the story? As DJ Khaled would say, DON'T PLAY YOURSELF. You are your own worst enemy - the best traders are the ones who know how to get out of their own way.A note on the present market. The crypto market looks very shaky right now. I could share a number of potential trade setups, but it would be irresponsible - when the market looks bad, I trade it with extreme caution. You should consider adopting a similar approach and, in my opinion, beginners have no business taking any trades at the moment. I will never force feed you charts if I would not consider taking the trades myself. One of the biggest challenges with trading is accepting when market conditions are poor and being able to sit on your hands. NOT BEING IN A TRADE IS A POSITION that traders need to learn to take. Go outside, do something with your family (like ski). Wait until the market decides where it's headed.What’s in this issue?Bitcoin thoughts and technical analysisDefining a good tradeAltcoin Trades - KNC, FUNLesson: 5 bullish candlestick patternsInterview with Brad Kam from Unstoppable DomainsBitcoin beats Netflix and MicrosoftInterview on the Crypto Entrepreneurs PodcastA list of my preferred platforms and tools
The Wolf Den #4 - on vacation, but the crypto market never sleeps.
The Wolf Den #4 - on vacation, but the crypto…
The Wolf Den #4 - on vacation, but the crypto market never sleeps.
I am on vacation (although maybe best described as a "trip" according to this article) this week in Colorado, and am presently preparing to lug my family out the door into sub 0 temperatures. We are going to "shred some gnar," or whatever popular vernacular the teenagers on snowboards that are whizzing past me on the mountain say these days. That won't stop me from putting out the 4th edition of The Wolf Den!As I mentioned last week, I will be expanding the newsletter with a paid version starting in January. As an addition, each week I will run a poll on Twitter asking what coins you would like for me to chart. I will create a dedicated issue on Thursdays featuring the 5 most requested charts. I intend to bring tremendous value to my paid subscribers and to help in any way possible with your trading careers.To that end, remember that trading is all about psychology and emotional control. I can chart coins for you until I am blue in the face, but that won't make you a profitable trader, even if they all go to plan. I can only offer an unbiased review of what the chart says to me - if you read my last issue, you know that charting is not a science and that charts cannot predict the future."Trading is a psychological game. Most people think they are playing against the market, but the market doesn't care. You’re really playing against yourself." - Martin SchwarzThe moral of the story? As DJ Khaled would say, DON'T PLAY YOURSELF. You are your own worst enemy - the best traders are the ones who know how to get out of their own way.A note on the present market. The crypto market looks very shaky right now. I could share a number of potential trade setups, but it would be irresponsible - when the market looks bad, I trade it with extreme caution. You should consider adopting a similar approach and, in my opinion, beginners have no business taking any trades at the moment. I will never force feed you charts if I would not consider taking the trades myself. One of the biggest challenges with trading is accepting when market conditions are poor and being able to sit on your hands. NOT BEING IN A TRADE IS A POSITION that traders need to learn to take. Go outside, do something with your family (like ski). Wait until the market decides where it's headed.What’s in this issue?Bitcoin thoughts and technical analysisDefining a good tradeAltcoin Trades - KNC, FUNLesson: 5 bullish candlestick patternsInterview with Brad Kam from Unstoppable DomainsBitcoin beats Netflix and MicrosoftInterview on the Crypto Entrepreneurs PodcastA list of my preferred platforms and tools