bossmodetrader

DOGE and why you should stop being an ape

Long
BITTREX:DOGEUSD   Dogecoin
This is a log chart (click Option + L if using a normal computer (Mac) or Ctrl (or whatever "they" use instead of option) + L if using the other type))

After looking at this, my questions is this: Does this voodoo charting really make any sense? Imagine someone (me) sat there and scribbled on Doge charts when it was on .004 and was trying to find support and resistance, do fib extensions, sacrifice lamb in the name of doge and when you look back at it you realize none of it really mattered so why continue doing same thing?

We can sit here, scratch our heads and draw scribbles all we want but I am coming to one simple conclusion:

1. Find top 5-10 industries/projects/markets/whatever it is that makes you excited and study it.
2. Pick your 10-20 top ETFs/stonks/cryptos/metals/commodities that you believe in within the selected industry and go deep so you know what you own vs not sure why I bought it but saw someone post about it so I am going to Yolo in.
3. Find top thinkers/industry professionals to follow (to help you reassure your decisions that you arrive to after doing your due diligence) and follow them. Fintwit is a great place for that.
4. Take 10% of your income and buy shit with it (inside of a non-taxable account) but never sell unless your gains are mega attractive and you have another asset class to rotate into. Stop jerking it.
5. Smile and be happy without stressing about voodoo charting. Imagine how selfish this is? You provide zero value to society by being a trader AND then you stress over your trades like a jackass when you could have been helping the world solve it's poverty, aids, racial or global warming issues. If you think you are doing something smart and above everyone else with this charting BS - you are wrong. You are gambling.
6. Don't want to do the work - contribute to your 401k, delete TV account and leave everyone alone.

Doge is going to run and I will be left holding my D*** and crying because my average purchase price on Doge was .004 with an exit at .012. I bought it because I aped into on Elon tweets although I tried to do DaVinci scribbles on the chart. Then it ran to .70 which is 100X and would have been a 7 figure bag if I held it. And the worst part about it that makes me want to kick myself - mistakes are meant to be learned from, you are not supposed to keep making same mistake over and over again unless you are a degenerate ape (me).

You do you but I am done over trading and aping. Going to cash, studying, deep diving and then executing. Being lucky only works in a bull market because you can afford to make a mistake, bear markets punish 99% of traders (pigs) out there.

(The only good thing trading did for me is expose all of my bullshit and helped me to learn to be honest with myself. This post is for future me so I can come back to this 5 years from now and kick myself in the face for being an arrogant prick.)

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