In this episode of UpOnly, Cobie and Ledger are joined by Kaleo, Rookie, Loma, Altcoin Psycho, and Mayne to talk about trading. Don’t miss it.
This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio
- How do you feel about your tweets being self fulfilling prophecies? – All in agreement that it happens. Cobie says it’s great for clout building to share positions as a profitable trader.
- Cobie – Dogecoin has become a MintPal pump, except now it’s the entire world focused on the asset – legitimised by Elon etc. Cobie believes it’s now possible that Doge won’t follow previous cycles.
- Bollinger Bands creator (John) helped save Cobie by DM-ing about his euphoric tweets at a local top
- Trading Strategies:
- Mayne: Changed a lot over the years, taught by Kaz about TA. Trades price action, horizontal levels, order blocks.
- Lomah: Mainly trades price action, struggles with trading price discovery without the levels.
- Psycho: Price action also, when trading price exploration – two tools for building an edge is mean reversion and using a modified parabolic indicator that he built. Acceleration factor, when it breaks the parabola it tends to be when a dump will happen.
- Rookie & Kaleo: Simplistic, looking at S/R levels and past liquidity. Taking profits on the way up to lower stress.
- Cobie – On Price Exploration: Look at leverage positions, open interests current P&L, where will they look for profits and exits. That’s the levels, future is written out for you.
- Ledger brings up altcoin leverage – targets and time frames are lower. How do you manage differently vs spot.
- Lomah: Level to level, if he sells early he struggles to get back in. You can’t sleep well in leverages positions, spot bags help.
- Kaleo: Agrees, moved a lot into spot, peaceful and feels better. Not the same hit as big leveraged swings but don’t get too greedy with it.
- Rookie: after you get to a certain point, leverage trading is a sacrifice on mental health. If you’re aping in at this point with your net worth it’s just gambling.
- Mayne: Agrees it is gambling.
- Cobie: the start of the cycle is when to make use of leverage, more obvious invalidation. As cycles progress, confidence using leverage as the price goes higher.
- Psycho: Majority in spot, not the environment to be trading leverage
Music by GiovanniPickle