Azeez Olasunkanmi (@horlarkid) • Hey
I am a web3 lover, crypto Enthusiast, technical analyst and serial learner
Publications
- The most decorated player in the history of the game.
Lionél Andrés Messi🐐
44 Trophies
35 for Barcelona
5 for Argentina
3 for PSG
1 for inter Miami
- SHINSEI GALVERSE: ORIGIN STORY - EPISODE 1 by @galverse.lens #Lenstube
https://lenstube.xyz/watch/0x01c5b9-0x08
- Just a reminder, social media is not a true reflection of real life.
The person who 'has it all' online can be empty on the inside.
The person who never posts could be living their best life.
Be open minded.
Be kind.
Most importantly, treat people how you'd want to be treated.
Shalom!!!
- Can the economy survive without going into a recession? Itay Vinik explains by @bankless.lens #Lenstube
https://lenstube.xyz/watch/0x8b61-0xef
- Can the economy survive without going into a recession? Itay Vinik explains
ICYMI: https://www.bankless.com/will-the-fed-thread-the-needle-with-itay-vinik
#bytes
- I think it exist in the form of Vaults, like for example InstaDapp Lite https://lite.instadapp.io/
So they are kind of strategies that you could change. I would love to see more of these and some sort of standards actually on how these strategies are reviewed and audited from the risk perspective
- This actually got me 🤣
- The reason it takes traders so long to find their edge is because they're trying to build it around a model which correctly predicts the market.
Improvement happens when you accept uncertainty.
A correctly defined edge isn't build on predictions, it's built on risk management.
Good Morning from this part of the World 🌎
- You need many things to make it as a trader, but these two traits will eventually lead to your success:
- Persistance
- Continuous improvement
It's hard to beat someone that doesn't give up.
Persistently improving your skills is very important ✌️
- The most important work you will do to improve your trading isn't at your charts.
You need the right routines on and off the battlefield.
Start by:
- Reading
- Listening
- Journaling
- Exercising
- Meditating
- Visualising
Mental clarity is 🔑
- There are many things OUTSIDE of your control as a trader.
Risk is NOT one of them.
Create an idea.
Know where to get in.
Know where to get out.
Most importantly, decide how much it will cost you to test your idea.
Good morning frens
- The more I've learnt about psychology, the more I've accepted that emotions are NOT the problem.
It's the action we take in response to the emotions which are detrimental to our trading.
- Traders should focus their education on 3 things:
1. Find your edge
Technical analysis
Fundamental analysis
2. Risk management
A trade should only result in:
Small loss
Small win
Big win
3. Mindset
Think in probabilities
Be disciplined
Be consistent
- It's the season of Love
Merry Christmas and prosperous new year in advance #Frens
#phaverchristmas
- The more information you have access to, the more money 💰 you make
That's how the world works, especially in #cryptocurrency
• More information = More Money 💰
Seek for more information and keep learning always
- Have you ever ask yourself this question recently.
Which of the meme coin around now will be listed on @binance next❓
Presently we only have #Dogecoin and #shibainu
Which one is next?
- Anything you want in the crypto space for yourself next year.
This is the time to start it, you can't be reading for an exam when you are already inside the exam hall.
Myself want some other new jobs in the space, and I have started sending out my proposals, I want some coin that can give crazy returns too, and I have started making my reasearch.
SO, START NOW‼️, Let people call you lucky next year
- Where the attention flows, is where the money Goes.
There's no money to be made in a "Bear Market" is the biggest fallacy.
Community driven projects; Defi and Nfts are what prints the most in a Bear Market irrespective of whether they have utility or not.
Follow the Attention.♟️
Stay Inquisitive.
Stay Curious.
Question Everything.
To Know Is To Be Free
- Financial institutions are starting to realize they should have been embracing decentralized finance (DeFi) all along. By the end of 2023 the largest DeFi ecosystems will be the most demonstrably decentralized ones.
Although decentralization is the bedrock on which all blockchain technologies are built, it is hardly a guarantee across crypto. The recent boom-bust market cycle was marked by the rise of two competing approaches among crypto finance ventures: censorship-resistance versus speed.
Kevin Mehrabi is the CEO of Wealthchain. This article is part of Crypto 2023.
[DeFi’s Difficult Governance Decisions Lie Ahead](https://finance.yahoo.com/news/defi-difficult-governance-decisions-lie-160624316.html)
Decentralization was proven to be DeFi’s saving grace this year. Shouldn’t protocol governance also be as decentralized as possible?
- What is the worst crypto advice you’ve ever heard❓\n\nMine 👉🏼, buy a coin because the price is 0.00000747\n\nAnd when it get to null, you will be a billionaire 🤣😂
- It's more of a good advantage to yourself as a trader to stick to your way and style of trading
• A trader might say using SL on a trade is a stupid thing
• Another will say using SL is the best thing.
Fact is both can be right or wrong.
So always have your own way📉📈
- The most beautiful you would ever see on the internet today
World champion #Leo😍
#LionelMessi
#Argentina
#G.O.A.T
- For you to buy, someone must sell.
For you to sell, someone must buy.
This game is inherently player vs player.
If you're not outworking your competition to improve your edge or your mindset, someone will take your money.
📌📌
- Learning to shift your perspective is one of the most powerful tools to manage your trading psychology.
Let's work on this..
Think about how your last loss can be a blessing in disguise?
- Cognitive bias:
An error in thinking in how we process and interpret information in the world around us.
All traders suffer from this.
An example is putting more weight on things which have happened recently.
This is why journals, diaries and data will always trump our memory.
- If you spend time preparing your charts, you should spend time preparing your mind.
Analysis means nothing if you can't execute or manage a position accordingly.
- Emotions and Trading profitably
Trading preparation isn't just about analysing the markets.
It's preparing your mind for what to do when you feel fear.
How you deal with that will determine your success.
- Breaking down an edge:
There is randomness in 1 outcome
There is predictability in 100 outcomes
This is why it's not possible to judge your performance based on your next trade.
- As a trader, focus your energy to spend more time waiting and less time trading.
Less is often more.
- You need to master 3 things to make money:
- A setup
- A market environment
- A probabilistic mindset
- Losing streaks are normal.
Every profitable edge can go through a period of underperformance.
Your job during this time isn't to tweak your strategy, it's to execute as per your edge and manage risk.
- Where attention goes, energy flows.
This is often why the thing you fear most becomes a reality in your trading.
- Beliefs are all typically created from two things:
- Experiences
- Passed on from those around you
Beliefs can come in two forms:
- Limiting
- Empowering
Traders that are stuck likely suffer from various limiting beliefs.
Until these are resolved, you'll remain stuck.
- If you want to change how you react to situations during your trading day, you have to change the way you think about them.
Perception is everything.
- If you back-test a system and it makes money over time, you have to accept that losses are the fee you pay to implement your profitable edge.
Don't strive to eliminate all losses, just learn to manage them.
- No feeling is permanent.
If you're frustrated, give yourself time to let it pass.
Your aim should always be to trade with a clear and peaceful mind.
- The quality of your thoughts is one of the biggest factors in determining your success.
Thoughts determine how you feel.
Feelings determine your actions.
- Goals should set the direction.
Action is what helps you reach your destination.
Therefore, goals don't change your life, action does.
So if you want to be a better trader, ask yourself what ACTION I can take today to be better than yesterday?
- If you don’t enjoy trading, it’s because you are focusing on the money aspect & not the process it takes to make it.
Process over the proceeds is the first step
- Many times, a trader is "right" but loses because they didn't follow their plan or didn't have one at all.
You can't build a house without a planned blueprint; you shouldn't be taking trades without a plan either.
Once you enter a trade without a plan, emotions will guide you.
- Trading books can be a fantastic source of wisdom.
I have learned countless amounts from them.
But nothing ever really compares to your own experiences.
Practice > theory.
- Your odds of success in the next trade are probably about as likely as calling heads or tails on the flip of a coin.
If you truly accept that, you'd be foolish to go all in.
Take controlled risk and play the long game.
- The market will find a way to humble you just when you think you know it all.
This is why you can never get complacent - it takes one trade to undo days, weeks or months of hard work.
- If you struggle with patience, try this..
For the next week, analyse the charts as normal but you're not allowed to trade (real or demo).
The more you get used to observing, the less difficult it will be.
Impatience isn't a personality trait, it's a habit.
- Two things that will ruin your progress:
- Lack of discipline
- Lack of risk management
If you can do both of these, you improve your odds of surviving long enough until you find what works for you.
- The markets have to be viewed in probabilities - that means short-term outcomes are random.
If you're measuring your success on the profit of your next trade, you will never find the consistency you are seeking.
Focus on your process.
Money should be a byproduct of doing this.
- Your biggest enemy as a trader is not the markets, it's your impatience.
Stick to your plan.
Wait for the right setups.
Grow your account exponentially over time.
- If the edge was fully in the strategy, everyone learning it would be banking. That is never the case.
The edge is in you as the trader.
It always has been and always will be.
- Every trade you take should give you 1 of 2 things:
1. Win give you profit
2. Losses give you informations on how to profit in the future.
- Impatient is the biggest problem of some traders
• Trading is not an hobby nor a lottery
• Trading is 89% waiting
===>>> So stop being impatient.