As the cryptocurrency #adoption takes hold globally and economic leaders, politicians, strategists, institutions, individuals and professional services firms coalesce with an avid interest on blockchain technologies and the emergence of the new monetary system – there is a need for challenging the notion of the archaic pump and dump nature of trading groups that have ensconced themselves as stigma across the minds of many! This stigma runs rampant whenever anyone hears about trading groups and as such, I would like to share my story of personal development, trading education and learnings of the tenets of psychology and risk management that underpins my own pursuit of happiness in the trading context. After joining various trading communities, I have learnt to appreciate the art and science of being composed whilst developing my abilities to become better at trading.
This asset class are established paragons of the most volatile markets in the world and it is not a place for the nonprofessional trading mindset to win. By adhering the rules and reading various professional guides written by the vast majority of educators out there (whom holds significant experience ex investment management and professional trading or via study and time, or something that comes naturally as well), it is irrefutable that these teachings, methodologies, market commentaries, outlooks and lessons on price action, correlations and Satoshi values are underpinned with a didactic and professional trading outlook- one that differentiates significantly from the gamut of groups that exist whom use signals, pump and dumps or a biased approach to trading cryptocurrencies!
These lessons are not limited here and can be equally applied to key forex and commodity pairs and of which I have observed to be poignant reference points when coupled with price actions and various areas of confluence. These are markets I have been trading on and off for a long time for I get easily bored and need to be occupied in engaging things!
Personally, If I had not joined the gamut of groups that I did in my journey – I would have been lost in the abyss with retail apes entertaining too many fancy indicators that are fundamentally lagging in. Professional traders do use them as confluence but #price_action is always #King! If I did not traverse into this type of trading, it means I would have derided my own personal history in trading that starts from the year 2004 in high school. The rich dynamics of the trading groups, its diverse community members and moderators collectively inspire a sense of belonging whilst providing a safe mechanism for the contribution of collective lessons, concepts and trading skills that nurtures iterative feedback aligned with the notion that #Confluence and #Coherence is KING in trading! This dynamic is underpinned by the guidance and oversight that educators provides as they impart their knowledge, teachings and commentary through rich technical updates and snippets which have fortified my understanding and given me inspiration to continue in my ever ending pursuit of happiness!
The main thing is to keep the main thing the main thing and the tenets of focus are practiced in specific discord groups through moderation and keeping balance so that retail sentimentalities of FOMO’ing into a trade are not entertained. This in fact drills the notion of composure back into various discord groups and allows everyone to appreciate the importance of price action, cross asset class symmetry, systems thinking and especially being able to trade in the “zone” and be aware of what others see and what they may not see and trusting your intuition! Reinforcement learning is at its best in dynamic online communities for this allows the #toolsets of #communication models to be effectively realised!
Never listen to a Wizards son – Lots of noise and flashbangs but they never listen!
– The Networked Enterprise
