Trading Lecture Notes

Key Concepts Discussed

Analyzing Market Sentiment

• The speaker doesn’t follow market sentiment but focuses on targeting the greediest entries and exits.
• Emphasizes highly logical entries and exits over emotion-driven decisions.

Levels and Trends

• Importance of identifying the "right" levels amidst various market levels.
• Looking for levels that will reject and break the trend.
• Massive pullbacks are often due to breaking whole levels and hitting another trend within a larger time frame.
• Current market situation: Bitcoin appears to be moving upward post-massive pullback.

Understanding Short Positions

• Scenario Discussion: Shorts at a specific price range causing price movement upward.
• As the price moves up, shorts exit, leading to liquidations—advantageous for setting up shorts later.
• Real short positions enter after a pullback, not at initial minor levels.

Specific Coin Analysis: Myth and Theta

• Myth has a strong trend and is positioned well for a potential leap if Bitcoin allows it. Specific price ranges for entry discussed.
• Theta had already broken its trend, making it less appealing at the moment.

Example Strategy Discussion

• Importance of marking super greedy levels and trusting Technical Analysis (TA).
• The idea of one good trade a day being sufficient for significant gains.
• Identifying contracts' range entry points and their importance in market movements.

Bitcoin Specific Strategies

• Scenario Analysis: Market reactions at specific levels (e.g., 66-14 on Bitcoin).
• Discusses potential entry and exit points and their implications.
• Preference for waiting Bitcoin's movement before proceeding with other trades like Myth.

Risk Management and Adjustments

• Emphasizes not taking every trade but waiting for the best opportunities.
• Continues to make adjustments based on Bitcoin’s behavior to improve entry points.

Final Thoughts

• Confirmation of trends and levels is crucial before making trades.
• Having backup plans and varying strategies (e.g., focusing on Myth if Bitcoin dumps).
• Continual reassessment of the market and individual trades is necessary for success.
• Always considering the potential of false breakouts and market extremes.