EGO priceEGO

Another example showing the manipulative state of the market: DOGE got an ETF announcement right when it started pumping. Normally this would be a +1 confluence for shorts if the market was bearish. People got conditioned back in Q1, every bullish news was a bull trap for bearish continuation. Retail caught up to the pattern. In DOGE, they started shorting the news into the ''Trendline Resistance'' expecting yet another bull trap. The data of order flow shows it in the picture. You can also see it under big social media posts like Cointelegraph and Coinbureau saying altseason is upon us and that the altseason is index is in Altseason territory. Check the comments, people were conditioned and because of that, they didn't believe them. In Q1, those same people were euphoric under those posts. The people who did (perma bulls) believe the bull market is extended to 2026. No middle ground lol. Retail has to be right somewhere in the middle so that whales can keep them in the game. It's a game of deception and retail aren't aware of that. There are even people sidelined because of the ''Red September'' and this was exactly my reversal signal back in August. I was looking for a narrative validation for that (dump early September into a reversal around 9-12sept). Charts were so bullish (Accumulation) and Time was on the bull side. Bullish news aren't bearish if the market is bullish and sentiment is in the gutter. The true sentiment is reflected on order flow because it shows you what people are actually doing (not social media) and you can clearly see it in the 2 posts (ETH and DOGE). We are back on DOGE at July's previous high and funding rate is half positive of what it was in July. This data shows you the true sentiment and can give you an idea when Euphoria really kicks in. The bears that have been conditioned will only start longing again when the pain of being sidelined is bigger than their ego/bias. That would kick funding up (Euphoria) and it will be near a local/macro top and would be the time to turn bearish. Anw, thank you bears for this wonderful pump. I keep being amazed of how wrong people's decisions always are. So much more potential to push higher especially with those funding rates being so much lower than the usual at tops since 2021. (pic below)

Choose your battles wisely. Don't expose yourself unnecessarily. To Live long, Ego must take a back seat. THE CYCLE ENDS HERE 🫵.

you're always going to be 'right' if given a long enough time horizon. kill your ego, play what the market gives you, and always keep learning. Never stop clicking

Week 53 Review Apologies for the lateness for this one - ended up having a pretty active weekend. This review is for week 53 of my MT journey and week 9 of my FTMO challenge. This week was challenging mentally, as I had to overcome my fear of posting publicly and losing; this mental block was adding more pressure to my trades, since I made a commitment to myself to do this. However, I overcame this block by realising its just my ego, and that losing is part of the game. Furthermore, I started to reframe the idea of losing publicly as another strength; having a documented track record for when I do eventually make it, will only make winning taste even sweeter. Anyways, I digress - zero fear and block overcome. Performance wise, I took four losses and one BE, with one emotional revenge trade that was outside of my edge. Due to the lateness of writing this, P&L also shows trades from this week on graph. Frustratingly, I had two trades that were hit, but not filled due to spread, both of which performed very nicely; with one trade hitting my final TP plan and the other hitting TP1 & TP2. I did experience a lot of tilt on the first front run, but quickly regained composure, and just accepted the outcome - the edge works. Sure its annoying knowing I could have finished green this week, but my profit is a perfect reflection of my experience - more reps needed. Despite taking the weekend off, my trading habits still had a very consistent performance from mon to fri, and tbh I needed a break after working the past 27 days in a row. Will start decoding again soon daily once I've finished my more obsidian upgrades. Atomic habits was strong during the week, but I did miss out on my workouts over the weekend - other than that, not too fussed.