j3susb

My Story And Plan For This Bull Season

Long
BITSTAMP:BTCUSD   Bitcoin
Hello, I am j3susb, a contractor, artist (Jesus B.) and investor who lives in Alaska. I grew up on a small island in rural Alaska that had a population of 50 people yearly with a small school of few people my age at the time. I moved around Washington State and throughout Alaska but ended here (although I'm not done yet). Before moving back to Alaska I had a mental breakdown and was diagnosed with Schizophrenia, that is its own story I may or may not get into in a later post, however I want to keep this more positive (I didn't get into any legal trouble luckily but it was a very hard time for me). I didn't get into cryptocurrency trading until 2020, but I have few droggy and clouded memories of using it to buy weed and psychedelics on the web throughout my formative teenage and young adult years where investing was the farthest thing from my mind. In 2020 there grew a huge phase where investing was a very popularized thing (funny because it was during an economic recession yet cryptocurrency expansion), between GameStop, dogecoin, AMC, you name it. A few friends and family members were talking about it and I had some minimal knowledge prior of the markets due to a dalliance I had with the stock market and self taught education of technical analysis and experience with human nature and physics. I'd like to think you and I are much different people now than we were in 2020, and we have grown and learned a lot since then from lessons, trials and tribulations. Now I do believe everything happens for a reason, but in a very mechanical sense. Everything is just an oversimplification of infinite reasoning the deeper you get into what we call a fact (like the endless delve into the micro verse through a complex microscope or how sound endlessly decreases into lower and lower frequencies beyond our hearing capability), and I do believe every effect has a cause whether we fully understand it or not. I don't believe everything happens for a reason in some mythological sense, as I know it takes action to reach goals and it won't happen on its own. With that being said, I think that the choices we make are meant to make us better people in the future of our life spans and there are generally forces of nature we tend to avoid or that we are deterred from by ourselves and others.

Now in 2020 I got into trading as a passion (not a full time job, as I worked where I currently work as my primary source of income). Key words: trading, not investing. I say that I was a trader back in 2020 because I didn't fully understand the power of compounding interest and growth, and rather saw trading as a fun way to make short term income I could use on short term gratifying things (such as marijuana or a new pair of shoes). When I first started a lot of my trades were extremely lucky, it is truly unthought of as to how some of this shit went down. An example: in 2020 I messaged one of my best friends looking at this random cryptocurrency that was at $0.80 and I added the trading view preset auto Fibonacci retirement tool and saw that the 0.618 line was at $0.50, we were talking about trading and hoping to make some money, so I told him we will set limit orders at $0.50 and then sell when it hits $1. I shit you not, the very next day that cryptocurrency dropped to $0.50, and went to $1 the day after. I don't know what the odds of this are of this happening, but it was the perfect example of dumb luck. When I think about the percentages I was making on a weekly and sometimes daily (even hourly) basis, I get a little sick to my stomach. Making 100% was an easy thing for me to do, I remember being on vacation to the capitol of Alaska (Juneau), and making a trade right before getting on the plane to get there, and by my second day on vacation I was up 300%. I remember spending the money I made on it on marijuana at the local dispensary and getting completely faded off of it. I made 100% well over 10x times throughout the timespan of that period, sometimes up to 1,000% on some of the trades (however those usually took longer, like 1-2 months). Just to be clear, I am not rich, but if I had reinvested everything I made throughout that time into the next winning trade consecutively, I would definitely be a millionaire right now. The good news is I still have the same knowledge I did then with new insights into the ever changing market, so I think this bull season will be a second chance for me to heavily profit. It is easy to make 100% in cryptocurrency if you are minimally disciplined and have the slightest ounce of patience, however most people aren't. I remember telling my mom my thoughts on this and she said "Well, if it's that easy why doesn't everybody do it?" Well, I would say it is the same reason why people don't save enough money, overspend, and why over 1/3rd of Americans have less than $1,000 saved, because they don't have basic discipline or patience to save or invest. Now back to what I had said about everything happening for a reason, I could speculate and say that I didn't "invest" properly because it would have ruined my life and I would spend it all, but that is the effect that caused my poor trading and spending habits.

When I originally traded cryptocurrency I focused dominantly on spot trades on Kucoin for alt coins, as I saw more potential in profits for coins that weren't as high of a market cap. I didn't following groupthink trends like dogecoin or shiba inu, don't get me wrong, that works for a lot of people and many have gotten bags from that, however I figured doing my own thing was a safer bet as to avoid big sell offs and dumps (yet still inherently risky as is any trading). Eventually I got into futures trading and began trading 5x leverage and transitioned into 50x-100x. Now before I continue I will inform you this isn't a sad story as to how I lost it all, to be very clear I didn't have much to lose to begin with so it couldn't get much worse and I figured I was in more of a position to take higher risks. Now I'm not going to say that leverage trading is good or bad, there were times I'd make more than 1,000% in less than 6 hours trading and times where I would lose everything, I would say the important thing for me was taking profits and not losing everything after making a big gain. I spent much of what I had made on experiences in life and much of it towards short term gratification. Now a family member of mine had lost a very large amount to futures trading, and I had at that time just suffered a pretty long loss streak, so I decided to cut losses and take a break from cryptocurrency investing, as this was near the mid of the bear run and the stress was less worth the excitement. I recently as of a few months ago got back into cryptocurrency trading and am using my prior collection of knowledge and insights to short term invest, and hopefully by the grace of god actually build wealth and see myself in a better place. My plan for this bull season is to use my knowledge of human nature, physics, the laws of energy and psychology to make short term profits with long term growth and compounding. I have certain rules for my entry points, and my goal is sell once I've made 50%-100% or more, depending on my analysis of the market trend, and the opportunities for entries of other cryptocurrencies. There is a cryptocurrency that goes up 50% every day, and it is hard not to have successful trades during halving dates if you have any sense of self control. I recently had put capital into $GROK and $SPELL and they have gone up 100% since then, I was recently at the night club in my town and checked the charts in between dancing with some women, and I was happy to see my 1 week swing trades were both successful. I don't post every trade I make on here, but hopefully some of what I pass down from my own personal lessons can help you not only make better trades, but understand the world better and live a better life. That is my story, until next time mates...

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