Trading Like a Fisherman: Wisdom from the Water

My father, a renowned fisherman, taught me that fishing, like trading, doesn’t guarantee a catch every day. Some days, despite hours by the river, we’d return empty-handed. When this happens, we’d rest and wait for the next opportunity, understanding that patience is part of the journey. We might return home to find mom had already prepared pap, hoping we’d bring fish to complete the meal.

Fishing is an art that demands patience, planning, and the right resources. My father would prepare carefully, ensuring every tool was in place. Yet, even with all the preparation, some days the river would be raging, making it impossible to fish. Not every river has fish, not every fish is edible, and some are beyond our reach.

The fisherman is patient, tactical, and decisive. He knows when to cast his line, where to look for fish, and when to wait. Likewise, a successful crypto trader embodies the qualities of a wise fisherman. Wins aren’t guaranteed every day, but with the right mindset, traders can navigate the unpredictable currents of the market.

Be resourceful, resilient, and resolute. Approach each day with the heart of a fisherman, knowing that while the catch may not come every time, every experience by the river brings lessons for the future.

Set Targets and be disciplined to stick to them. Who will sign a job contract without knowing how much they will earn?

If you treat trading as a job you will do well.

Happy trading

But, would wish to own, I think Powell is campaigning for a job in Trump MAGA.

If you missed my post on 29 October 2024

#Remember

1. Coins in the market are not loyal to anyone!!!
2. Do not be loyal to any coin, even BTC,
3. Trade with all your eyes open
4. All time high and all time low are just data points

Good morning treasure hunters!!

I would like to share a few thoughts.

1. Money is easier made in the middle, timing the bottom and top is difficult, find your edge and trade the middle ground.

2. Tempering your expectations, small profit chucks over time leads to success more than putting take profit 100x positions away.

3. Never pay someone to help you trade, if they are masters then they will make more money trading and won't need a subscription from you,

4. No one has a blueprint to time the market accurately. Do your research, pray and hope the market will move in your perception. Educate yourself daily!! You will be wrong sometimes, cut your losses and learn.

5. Avoid band wagon, it's bad for your wallet, enter a trade because you have done your research and to your best of your knowledge it's the best entry level.

6. Let this week be prosperous for you all in Jesus name.

BTCUSTD Qtly soared above $77000 something is about to happen or happening ?

Which of these tokens has the potential of achieving a new All Time High ,(ATH) if there is a major crypto adoption by big institutions and countries?

The future belongs to God.

However, imagine God has gifted humanity with 5 more years and you happen to be alive that time.

The year is 2029 April 30.

1. Do you think BTC/USDT will be above $250000?
2. Do you think JTO/USDT will be above $100?
3. Do you think SAND/USDT will be above $100?
4. Do you think LSK/USDT will be above $100?
5. Do you think AEVO/USDT will be above $100?

If you think so, what are you going to do today?

By think so, I mean after careful consideration, analysis, research and traders' judgment and not just a wild uneducated "Think So".

Good day to you all.

Today, I am sharing my experience with cryptocurrency trading.

1. I am sharing my family's journey.
2. We started trading spot since 2017.
3. We mainly used Luno.
4. Currently, we mainly use Binance and Luno lightly.
5. Since then, we have tried stock trading as well.
6. Until now, we have not made life-changing gains or wealth.
7. Over the years, we made decent gains that would help us now and then.
8. In the Year 2023, we ventured into futures.
9. At first, we were using small amounts and making really good profit. We could make enough to pay monthly rent and food.
10. We tried different leverage sizes, from 20x to 50x.
11. Not long after, we started getting liquidated heavily, and it was very depressing.
12. Two instances, however, we managed to grow our portfolio from ZAR 40000 to ZAR 175000.
13. We did not close our positions.
14. In short, on a certain Sunday, we got wiped out/liquidated.
15. Most liquidations happen on Sunday.
16. We are still trading, but now only on 4x, and not utilizing the whole trading account.
17. At every instance, there shouldn't be any estimated liquidation price, or at worst, it must be about 150% away from the entrance price.
18. We still believe that we will make life-changing wealth trading cryptocurrencies.
19. We are hopeful about the future of the finance revolution through crypto, and thus we are mainly long on our trades.
20. Closing remarks: Maximum 4x, don't utilize all your account potential, and choose good projects.
21. God bless you.

#Trade entry
Today I will briefly touch on trade entry, whether on Spot or Futures.

The best a trader can do is to enter the trade at the right time; this feat is by no means easy.

Generally if you enter trades easily, you will find it difficult to exit the trade. One has to be thorough and strict when choosing an entry point.

People use different tools to pick a trade; technical analysis; financial analysis; social sentiment analysis and much more.

It is better to spend hours or days looking for the best entry in a trade than to enter a trade in minutes and only realise that you will remain stuck in the trade for extended periods of time.

Not entering a trade at times is trading.

When you have chosen the right trade move, you will quickly begin to see profits, on futures you can immediately start stop (loss) in profit; which I will call {Profit Protect}, the upper bound you will have umlimited opportunity and on the downside you would exit the trade with minimum profit.

As the trade becomes more profitable you can keep moving your {Profit Protect} up.

With all I said, remember God. Without God you can do nothing. Let God be your centre in all things

Happy trading and God bless you.