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Marinero
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Key events for today, Monday, May 20, 2024: 🇨🇦 Canada - no trading - Victoria Day 🇮🇳 India - no trading - elections 🇨🇭 Switzerland - no trading - Pentecost 🇬🇧 Broadbent (Bank of England) - 12:00 UTC+3 🇺🇸 Bostic (Federal Reserve) - 15:45 UTC+3 🇺🇸 Barr (Federal Reserve) - 16:00 UTC+3 🇺🇸 Waller (Federal Reserve) - 16:00 UTC+3 🇺🇸 Jefferson (Federal Reserve) - 17:30 UTC+3 🇺🇸 Mester (Federal Reserve) - 21:00 UTC+3 #binance #ETH #Polygon #Bitcoin #Web3

Key events for today, Monday, May 20, 2024:

🇨🇦 Canada - no trading - Victoria Day

🇮🇳 India - no trading - elections

🇨🇭 Switzerland - no trading - Pentecost

🇬🇧 Broadbent (Bank of England) - 12:00 UTC+3

🇺🇸 Bostic (Federal Reserve) - 15:45 UTC+3

🇺🇸 Barr (Federal Reserve) - 16:00 UTC+3

🇺🇸 Waller (Federal Reserve) - 16:00 UTC+3

🇺🇸 Jefferson (Federal Reserve) - 17:30 UTC+3

🇺🇸 Mester (Federal Reserve) - 21:00 UTC+3

#binance #ETH #Polygon #Bitcoin #Web3

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If it seems to you that everyone around you is making money, and you are not, don't be deceived. This cycle has actually been quite challenging. If you're struggling, you're not alone. - Most altcoins have underperformed compared to $BTC. - Only certain sectors have thrived (memes, AI, RWA, etc. - most utility/infrastructure projects have barely moved). This makes capital redistribution very tempting, but constantly jumping between narratives can be detrimental. - Even rotations WITHIN these favored narratives have been hard to catch - typically leading to leaders significantly outperforming their peers, while the betas barely keep up. - Even in the case of memes - it was mostly a "throw a dart and hope" approach that proved effective unless you went all-in. However, what can you do to increase your chances of success? 1. Trade less. Prioritize high-confidence trades, and potentially sit out when there are no attractive opportunities. 2. Prefer sector leaders over beta assets. If the narrative has resilience, you might catch a late rotation, but leadership with beta exposure has not been effective in this cycle so far. 3. Use periods of apathy to master your craft. During a "bull run," it's hard to focus. Sideways/boring conditions are a blessing as they give you the opportunity to learn, plan, and improve your skills without distractions. Opportunities in this space remain limitless, but today I want to remind you that if you're not finding them, you are definitely not alone. Despite what many "authorities" might make you believe. This cycle has been challenging for many. #BNB #SolanaUSTD #ETH #binance #Ethereum
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