Over the last 12 months or so, I spent some time creating cartoons to work around some heavy educational topics. A lot of this is done by using the TradingView Polyline tool. I wanted to share them in one place along with a chronology that might fit some pieces together for some of you in the community.
So let's walk through each;
For those who don't know me, I've traded a very long time - from my experience, the major hurdle for any new trader, regardless of the instrument is psychology. People think they can come into a market, follow a guru or watch a youtube video and become industry experts! You need to understand the psychology behind the market and yourself, before you can even start to scratch the surface in terms of trading.
To highlight this, take a look (each post - you can click through the image for the full post) Let's start with Homer Simpson.
Although this next one is not Cartoon based - there are a bunch of useful resources in each of these books.
If you are a complete novice - here's a few pointers from an Easter egg post. Not for the more advanced, just a few tips to you guys starting out.
Too often, especially in Crypto I see people rush in on bad advice; I tried to use other styles of cartoons to highlight the obvious - this shows that when the market is exhausted, it cannot be ONLY UP!!!
For this, I covered a post as to why people get into Crypto. What is the logic for jumping both feet into a new, unregulated asset class?
This one image sums it up nicely!
Bitcoin was more than happy - rolling around at the levels we were seeing, expectations and sentiment wanted 100k, 275k - even a million. But there was no supporting evidence to suggest that was where we are headed (yet).
You see although the cartoons are simple - they are very specific to the journey - either as a new trader or if your a follower of crypto markets.
The main issue I see with Crypto - is the crowd. Therefore you have to analyse the charts from an emotional perspective; some great traders including Elliott, Wyckoff & Gann. Actually understood not technical analysis - but emotional sentiment.
Wyckoff in particular spoke about "Composite Man" whereby one can assume the market operators being one force. The game is to obtain profits from retail losses.
Last March I was showing the major move down inbound - all I had was stick, people kept telling me it was accumulation and not distribution. Well look how that played out.
Once you understand the process - it is much, much easier to make informed decisions with an edge. Instead of playing the fool, learn to think for yourself.
You can follow social media personalities - but you will get burned. These guys often make money from social posts and affiliate links not from trading.
I know it's tricky, especially when starting out - your often left scratching your head.
There's a lot of "un-common" sense in the world. Following or not bothering to learn only leads to failure. You wouldn't perform heart surgery after watching a video. Why throw your hard earned money at an investment with that level of insight?
Like I said above - it's a battle between composite man (institutional) vs Retail.
Keep in mind - these guys are professional money makers; they spent years practicing the dark arts. They know the tricks. Some of which are not all that obvious. Take dark pools for example.
After reading that post, you might need a little cryptotherapy ...
Sitting back to relax and not wasting hours on a chart - can actually be beneficial for your health and your wallet. I know it's not easy to say and of course, its even harder to do. But what you need to remember is retail tend to lose 70% + of their trades. So take a few less and search for higher probability. It's a numbers game overall.
Either that or you end up like the Perma bulls who followed Plan-B or moon carl into buying the top.
You might be buying every tweet made telling you Microstrategy just bought again?
You have to remember with the last couple of years - from Brexit, to Trump vs Biden, Covid, Putin - the world is in a volatile state. Don't rush in, assess and take higher probability positions. Sometimes less is actually more.
I am speaking for myself - it's something that comes with experience.
You can't be a bull forever and not get put on the BBQ.
I hope by now you see my point - the educational posts where all there. I've walked through this period like a storyboard. So although we all want Bitcoin and the crypto market to be thrilling! Sometimes it's not, take that time to read, learn & evolve. You will thank yourself later.
"THE GREATEST TEACHER - FAILURE IS"
This one highlights the sentiment and the crowd. Using Minions to tell the story.
I enjoyed writing all of these, some more than others. Here's a DC post.
I even put another "full education chronology" post together using the simplified teachings and put them in order.
From South Park
To Flintstones
I hope you enjoyed some, if not all of the posts.
Enjoy the rest of the week!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
So let's walk through each;
For those who don't know me, I've traded a very long time - from my experience, the major hurdle for any new trader, regardless of the instrument is psychology. People think they can come into a market, follow a guru or watch a youtube video and become industry experts! You need to understand the psychology behind the market and yourself, before you can even start to scratch the surface in terms of trading.
To highlight this, take a look (each post - you can click through the image for the full post) Let's start with Homer Simpson.
Although this next one is not Cartoon based - there are a bunch of useful resources in each of these books.
If you are a complete novice - here's a few pointers from an Easter egg post. Not for the more advanced, just a few tips to you guys starting out.
Too often, especially in Crypto I see people rush in on bad advice; I tried to use other styles of cartoons to highlight the obvious - this shows that when the market is exhausted, it cannot be ONLY UP!!!
For this, I covered a post as to why people get into Crypto. What is the logic for jumping both feet into a new, unregulated asset class?
This one image sums it up nicely!
Bitcoin was more than happy - rolling around at the levels we were seeing, expectations and sentiment wanted 100k, 275k - even a million. But there was no supporting evidence to suggest that was where we are headed (yet).
You see although the cartoons are simple - they are very specific to the journey - either as a new trader or if your a follower of crypto markets.
The main issue I see with Crypto - is the crowd. Therefore you have to analyse the charts from an emotional perspective; some great traders including Elliott, Wyckoff & Gann. Actually understood not technical analysis - but emotional sentiment.
Wyckoff in particular spoke about "Composite Man" whereby one can assume the market operators being one force. The game is to obtain profits from retail losses.
Last March I was showing the major move down inbound - all I had was stick, people kept telling me it was accumulation and not distribution. Well look how that played out.
Once you understand the process - it is much, much easier to make informed decisions with an edge. Instead of playing the fool, learn to think for yourself.
You can follow social media personalities - but you will get burned. These guys often make money from social posts and affiliate links not from trading.
I know it's tricky, especially when starting out - your often left scratching your head.
There's a lot of "un-common" sense in the world. Following or not bothering to learn only leads to failure. You wouldn't perform heart surgery after watching a video. Why throw your hard earned money at an investment with that level of insight?
Like I said above - it's a battle between composite man (institutional) vs Retail.
Keep in mind - these guys are professional money makers; they spent years practicing the dark arts. They know the tricks. Some of which are not all that obvious. Take dark pools for example.
After reading that post, you might need a little cryptotherapy ...
Sitting back to relax and not wasting hours on a chart - can actually be beneficial for your health and your wallet. I know it's not easy to say and of course, its even harder to do. But what you need to remember is retail tend to lose 70% + of their trades. So take a few less and search for higher probability. It's a numbers game overall.
Either that or you end up like the Perma bulls who followed Plan-B or moon carl into buying the top.
You might be buying every tweet made telling you Microstrategy just bought again?
You have to remember with the last couple of years - from Brexit, to Trump vs Biden, Covid, Putin - the world is in a volatile state. Don't rush in, assess and take higher probability positions. Sometimes less is actually more.
I am speaking for myself - it's something that comes with experience.
You can't be a bull forever and not get put on the BBQ.
I hope by now you see my point - the educational posts where all there. I've walked through this period like a storyboard. So although we all want Bitcoin and the crypto market to be thrilling! Sometimes it's not, take that time to read, learn & evolve. You will thank yourself later.
"THE GREATEST TEACHER - FAILURE IS"
This one highlights the sentiment and the crowd. Using Minions to tell the story.
I enjoyed writing all of these, some more than others. Here's a DC post.
I even put another "full education chronology" post together using the simplified teachings and put them in order.
From South Park
To Flintstones
I hope you enjoyed some, if not all of the posts.
Enjoy the rest of the week!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
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