Replying to Avatar Kendy

I’ve paid plenty of trading “tuition”, unfortunately. I have mid-level technical chart analysis experience after about 5 years. But I’ve come full circle that literally >99% of people will not successfully and consistently time markets over long time frames so I stopped trying and stack sats instead.

Naïveté in a trading context is preferable in my hindsight. I wish I never wasted that tuition money.
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375e48eb... 1y ago

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Kendy 1y ago

Odds are you will conclude the same if you’re honest with yourself. If you continue to trade, I highly doubt you will beat the S&P at least 6 of the next 10 years. I highly doubt you will outperform BTC 4 of the next 10. Great for you if I’m wrong.

37
375e48eb... 1y ago

90% + Bitcoin long exposure. I also use options to generate income. no gambling or guess directionality/timing. simply using traditional financial markets to take advantage of mis pricings in Bitcoin derivative markets while I still can. eight years strong, slowly starting to narrow as institutions are starting to catch on.

I've never once tried to trade a chart. never will.

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Kendy 1y ago

Nice, I hope you can beat the odds.

I found my intuition about charts and simple horizontal support/resistance was often right but I struggled with execution or patience.

da
Rand 1y ago

calendars? selling options/buying?