Here’s a shocking truth: Over 90% of crypto traders quit in their first year!
One of the main reasons is that they pursue the wrong goals.
In most cases, people start trading because they want to make money (nothing wrong with that). They set goals like “I want to make 10k in 3 months” or “100k in one year.”
The problem is that these are goals no one can control (even the world’s best trader couldn’t).
Uncontrollable goals lead to uncontrolled actions.
👉 The result: Traders make wrong decisions, lose money, and ultimately stop trading.
💡Here’s a better way to do it: Successful people (not only in trading) usually focus on tasks, not goals.
Don’t get this wrong. Of course, they have goals.
But here’s the trick: They break down the goals into required tasks & focus on their execution.
It’s a small yet essential perspective change.
Let’s make this tangible 👇 Instead of focusing on making 100k, you break down this goal into required actions:
For example: ‣ Educate about trading: 1h daily ‣ Build trading strategies: 2h daily ‣ Backtesting: 3 times/week ‣ Document and automate processes: 2h/week ‣ Journal your trades daily ‣ Analyze your trades once a week
As a next step, you continue focusing on the execution of the actions, tracking, monitoring, and improving them.
This might sound boring, but it is exactly what you must do.
Alex Hormozi once said: Extraordinary accomplishments come from doing ordinary things for extraordinary periods.
And this is precisely what will happen if you consistently execute the defined tasks. You will reach the overall goal.
Summarized, here’s what you need to do to reach your trading goal:
✅ Set a goal ✅ Break it down into actionable tasks ✅ Execute the tasks consistently ✅ Celebrate your success!
If you want to be one of the crypto traders who don’t quit, you can check out Crypto OS. It’s the platform I developed based on the mistakes I made. It contains data-driven trade signals, backtests, trading bots, and much more. Check my X Profile for the link: @ben__crypto23 #trading
Hope y’all are having a great weekend. Here are the last days’ top performing trading signals.
➡️ Once again, the Hyper Scalper leads the pack with almost 13% gains on $DAR ➡️ The EMA Crossover signal continues to deliver strong results and timed the $UNI pump perfectly. ➡️ Finally, using the Power Scalper signals would have led to some nice gains on $PEPE
The crypto market is ranging nicely into the weekend. With $BTC close 70k, $ETH at 3.8k, and many #altcoins in the green.
➡️ In terms of Bitcoin a weekly close above 70,000 would signal further bullish strength. Based on the current level this seems absolutely doable.
➡️ Many altcoins show a perfect setup for some massive gains in the upcoming days and weeks.
➡️ In terms of trading signal, we can see a balanced picture between bullish and bearish signals. However, this will quickly change once the market starts to move upwards (or downwards).
Summarized: The market continues to show bullish signs and it is just a question of when we will see massive pumps (imho).
Here's probably my favorite trade signal of the day.
→ $COTI flashed a bullish EMA crossover on the daily chart. → Based on 14 historical events, the signal has a win rate of almost 86%. → Most technical indicators look good. Especially in terms of momentum indicators, COTI looks promising (bullish MACD and neutral RSI and Oscillators). → Chart looks good too. The token made a higher high on the daily chart, is in an uptrend, and had a small pullback — usually a perfect entry. → Negative aspect: The ADX is weak. Therefore, it can make sense to wait for more strength.
If the market enters a bullish scenario and signal plays out, we could quickly see COTI challenge 0.175 - reflecting a ~30% potential.
Yesterday, the SEC approved a batch of spot Ethereum ETFs after a sudden pivot just four months after it approved spot Bitcoin ETFs.
And what did the crypto market do? Nothing :) Certainly, there was some volatility, but overall, the market acted quite relaxed. No sell-the-news, no god candles - business as usual.
However, I am super convinced that the #ETHETFS approval will be a huge catalyst — for #Ethereum to reach new heights and for a proper #altseason
When it comes to trading, we should enter a phase defined by perfect conditions. Overall, there is a bullish sentiment, lots of new money flowing into the market, and many tokens that should reach new ATHs in the coming months.
Looking at the daily chart's signal count, we can see that the bulls are still in control—although yesterday was a rather bearish day.
Putting it together: I think we should have some perfect entries. I will def post some setups during the day.
ETHEREUM — 4k Pre-Announcement Pump — 5k Next Stop?
Ethereum woke up and seems to be ready for a pre-announcement pump.
I would assume that $ETH challenges the 4k level before an announcement about the #ETHETFS is made today.
The big questions of course is, what will happen after the announcement. Let's have a look:
Option 1️⃣ - The ETF won't be approved. In this case we can assume a massive drop to 2.6-2.5k. However, I think it will quickly recover and we end the day at 2.8-3k.
Option 2️⃣ - The ETF gets approved. As mentioned yesterday, I don't expect a sell the news event. Since an approval was unlikely until a couple of days ago it is also unlikely that the price already reflects a possible approval. Therefore, we will see volatility but imho to the upside.
I would go as far as saying that ETH would tackle the ATH shortly after an approval (probably today).
So, let's see what the day will bring, lean back and enjoy the show!
Market Status 23 May — Bulls are in control — ETH ETF Decision Upcoming!
Today's the day (once again 😅) — The SEC must decide on VanEck’s spot #ETHETFS application.
This is the first of several similar applications due for a decision. Expectations around approval timelines have recently shifted for reasons related to VanEck’s stance.
As a result, the market looks mainly bullish today and most tokens shining green. Additionally, the amount of bullish trade signals is outperforming the bearish (1D chart).
However, when it comes to trading, I will sit on my hands today. Volatility can be crazy on days like this. Therefore, the risk that you're flushed out is just too high.
If we see an approval of the ETF (and I think it gets more and more likely), we will certainly enter another huge sustainable bullish phase. Therefore, there is plenty of potential to make money (lots of money) at a much lower risk.
- Watching charts - Searching for influencer calls - Doom scrolling X - Trying to control my emotions
It took me a while before I understood that crypto trading isn’t defined by the number of hours you stare at candle charts (or by the number of screens ;).
Today, my trading is about:
- Building strategies - Automating - Backtesting - Educating
Unsurprisingly, my results are completely different.
—— If you want to stop wasting time, you can check out Crypto OS. It’s the platform I developed based on all the mistakes I made. It contains data-driven trade signals, backtest data, AI forecast, trading bots, and so much more. Try it for free!
The crypto market has taken a breath after the #Ethereum news, the massive pump of $ETH and many altcoins.
Although everything is possible now, I assume we won't see another bigger move before Thursday.
We will have the first #ETHETF deadline on Thursday, with VanEck's proposal up first.
In case the ETF gets approved, I am convinced that we will see another rally instead of a sell-the-news event. The difference to the $BTC ETF is that nobody expected approval until a couple of days ago. Therefore, Ethereum's price didn't rally and hasn't priced in the approval yet, in my opinion.
Looking at trade signals, the daily chart shows many bullish signals. However, I don't think it's a good time for trading since volatility will be high, and the ETH ETF is still unpredictable.
If you open orders and want to benefit from a potential move, make sure to use a tight stop loss.