This newsletter is sponsored by Bitget! Bitget is the best crypto exchange for both spot and leverage, world’s largest crypto copy trading platform, and the official partner of Juventus Football Club. They are offering my subscribers up to a $3000 bonus for signing up. You can find out more by clicking here. Be like Nike and Just Do It!The comments on my Twitter posts are consistently amazing, especially when I post a chart or about a coin.They range from irrationally exuberant, with 20 rocket emojis and mentions of “mooning,” to absolute disgust hate-filled diatribes and mentions about how “rekt” I am going to be.Then there are the countless bots with "The Moon Carl's" avatar, but I digress.Entertainment like this should not be free. But let's be clear about something.The only person who can get you “rekt” is yourself.Let me say it again for the people in the cheap seats who didn't hear me the first time.The only person who can get you “rekt” is yourself.You should NEVER copy someone’s trades. There are a number of reasons, but perhaps this is the most important...You have no idea how they will manage the trade, which means you likely have no idea how to manage it yourself.You are responsible for your own decisions and your own money. In this newsletter, I share my own trades and ideas but think it is important to once again remind you that I view these daily updates as educational. I am trying to show you my thought process and the reason that I consider the trades that I do. This does not mean that you should take the same trades. You need your own system. I lose money all the time on trades, which is totally fine and expected within my own system. You can’t copy anyone’s trade, because you are not in the same headspace, your financial situation is likely different and so are your expectations. Each trader is different and there are no one-size-fits-all solution for trading. If you copied Michael Saylor, (one of the smartest crypto investors) you would only own Bitcoin and would lose initially on each purchase. He rarely times the bottom as an investor who is dollar-cost averaging.People frequently comment that my trades are “ballsy” or risky. I disagree.What’s the worse thing that happens? My stop losses hit and I lose 1% of my account and move on with my life? There’s nothing ballsy about any properly managed trade. We are all just guessing, so it’s position size and stop loss that truly matter.This is my mental approach, but you may be more emotionally attached to your trades and portfolio, which is how I used to be as well. What works for me is unlikely to work for you.The reply guys on Twitter are certainly not in control of their emotions and are looking to blame someone for their own bad decisions. In reality, they are too lazy to do the hard work or are simply gambling.Use resources like this newsletter to figure out what kind of trader and investor you are and then take the ideas and put them into your own system. Above all, consider making yourself an investor first and keeping the trading small, in case you do end up losing money.Let me rephrase that - you are going to lose money trading, at least for a while. Consider this before deciding to go down that path.NOTE: I am in Miami working long days at the Bitcoin Conference and will not be focused on the charts. The newsletters will likely reflect that for the next three days. In This Issue:Don't "REKT" YourselfBitcoin Accumulation Continues - IntoTheBlockBitcoin Thoughts And AnalysisThe Disposition EffectElon Musk Joins Twitter's Board Of DirectorsMicroStrategy Did What MicroStrategy DoesMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #472 - Don't "REKT" Yourself
The Wolf Den #472 - Don't "REKT" Yourself
The Wolf Den #472 - Don't "REKT" Yourself
This newsletter is sponsored by Bitget! Bitget is the best crypto exchange for both spot and leverage, world’s largest crypto copy trading platform, and the official partner of Juventus Football Club. They are offering my subscribers up to a $3000 bonus for signing up. You can find out more by clicking here. Be like Nike and Just Do It!The comments on my Twitter posts are consistently amazing, especially when I post a chart or about a coin.They range from irrationally exuberant, with 20 rocket emojis and mentions of “mooning,” to absolute disgust hate-filled diatribes and mentions about how “rekt” I am going to be.Then there are the countless bots with "The Moon Carl's" avatar, but I digress.Entertainment like this should not be free. But let's be clear about something.The only person who can get you “rekt” is yourself.Let me say it again for the people in the cheap seats who didn't hear me the first time.The only person who can get you “rekt” is yourself.You should NEVER copy someone’s trades. There are a number of reasons, but perhaps this is the most important...You have no idea how they will manage the trade, which means you likely have no idea how to manage it yourself.You are responsible for your own decisions and your own money. In this newsletter, I share my own trades and ideas but think it is important to once again remind you that I view these daily updates as educational. I am trying to show you my thought process and the reason that I consider the trades that I do. This does not mean that you should take the same trades. You need your own system. I lose money all the time on trades, which is totally fine and expected within my own system. You can’t copy anyone’s trade, because you are not in the same headspace, your financial situation is likely different and so are your expectations. Each trader is different and there are no one-size-fits-all solution for trading. If you copied Michael Saylor, (one of the smartest crypto investors) you would only own Bitcoin and would lose initially on each purchase. He rarely times the bottom as an investor who is dollar-cost averaging.People frequently comment that my trades are “ballsy” or risky. I disagree.What’s the worse thing that happens? My stop losses hit and I lose 1% of my account and move on with my life? There’s nothing ballsy about any properly managed trade. We are all just guessing, so it’s position size and stop loss that truly matter.This is my mental approach, but you may be more emotionally attached to your trades and portfolio, which is how I used to be as well. What works for me is unlikely to work for you.The reply guys on Twitter are certainly not in control of their emotions and are looking to blame someone for their own bad decisions. In reality, they are too lazy to do the hard work or are simply gambling.Use resources like this newsletter to figure out what kind of trader and investor you are and then take the ideas and put them into your own system. Above all, consider making yourself an investor first and keeping the trading small, in case you do end up losing money.Let me rephrase that - you are going to lose money trading, at least for a while. Consider this before deciding to go down that path.NOTE: I am in Miami working long days at the Bitcoin Conference and will not be focused on the charts. The newsletters will likely reflect that for the next three days. In This Issue:Don't "REKT" YourselfBitcoin Accumulation Continues - IntoTheBlockBitcoin Thoughts And AnalysisThe Disposition EffectElon Musk Joins Twitter's Board Of DirectorsMicroStrategy Did What MicroStrategy DoesMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO