Paul_Varcoe

Paul_Varcoe

I have written on this subject before, see my signature. There is more though. If you are starting out, there is a LOT you need to know. I will start with some basics. Some of them you may scoff at, and say I am wrong, but I can assure you I am not. Truly. Read my previous post here: After reading that, you may well think again about trying trading. If the...

Paul_Varcoe

I've been trading since 1987, on and off. You need to be realistic about the time it takes to become profitable. You wouldn't expect to learn a skill in a few weeks of evening classes, so don't expect to become profitable in the same timeframe. Expect a year of study. Good for you if you crack it before then, but be wary of hubris. The market is set up to have...

Paul_Varcoe

It's all in the picture. Rallies like this need to be driven by the banks and HFs. They didn't accumulate enough before Retail took the price away from them. The banks and HFs have sold it all the way up from 30. They don't lose very often. It's usually best to be aligned the same way as they are. "Buy the Dip?" May as well say "Baaaaa" like a...

Paul_Varcoe

Since my partner @Mayfair_Ventures started talking bearish about BTC in March 2021, and also talking about Wyckoff theory, a lot of commentators picked up on it and made Wyckoff more widely known. Most likely they read up on it quickly and got some kind of understanding, but unless you have been using it for a while in anger, as in, making real trading decisions...

10:19

Paul_Varcoe

No. Don't touch it. Please see previous video ideas and normal ideas

02:39

Paul_Varcoe

Follow up to yesterday's post looking for a change of character (CHOCH) on the shorter timescales, having seen one on the Daily TF.

07:51

Paul_Varcoe

This is an update to my earlier piece from earlier this month, where I was saying I had detected a bearish outlook. PLEASE don't just sell it, look at the reasoning, and remember to wait for the Change of Character (CHOCH). It's not here yet. Wisdom: Always wait for confirmation. be happy to miss trades that do not offer confirmation. yes, you can just sell...

05:35

Paul_Varcoe

Nothing really changed except what we have been saying is happening. Don't buy the dip.

03:44

Paul_Varcoe

Should you buy the dip? In general, I would say this is not a good level. See the video for why, and where it might be worth doing it.

15:42

Paul_Varcoe

This is part 1 of a newcomers course I am publishing free. TV are suspending streams, so this course moves to YT when they do. NOW LISTEN HERE! Learn something for free, why not? #proptrading #daytrading #daytrader #freeadvice #BTC #bitcoin #forex

144:49

Paul_Varcoe

Generally, the bigger picture holds all the clues you need. #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

30:01

Paul_Varcoe

I had to redo this as my mike was off, sorry for that. Stock Index Stream. Crypto Traders also take note, because it'll affect you if (when) I am right about this. #daytrading #daytrader #freeadvice #BTC #bitcoin #bitcointrading

14:31

Paul_Varcoe

A quick look at bots and what they can do. You need to start with a proven strategy, then maybe a bot can help capture profit without you staring at the screen all day. #daytrading #daytrader #freeadvice #BTC #bitcoin #bitcointrading

28:54

Paul_Varcoe

I have been a bit busy with other stuff, but here is an AMA. #daytrading #daytrader #freeadvice #BTC #bitcoin #bitcointrading

Paul_Varcoe

My partner @Mayfair_Ventures and I like innovation, but we have been sceptical of bot-driven trading. This if for one simple reason. If it was available and consistently profitable, then someone would be doing it, then others would find out, then everyone would be doing it. No one would need a job. If you know about chaos theory, then you'll recognise trading as...

Paul_Varcoe

Here is my post from September: Read it, it's still true. TL:DR We proles are hard up because price-gouging has been rampant on top of inflation. The music is stopping and there aren't enough chairs. We can't afford to buy stuff because we need food and power. There is a delay before the scummy companies report this drastic fall in activity, but the MAN...

141:31

Paul_Varcoe

This is part 2 of 2. Feel free to ask questions. #daytrading #daytrader #freeadvice #BTC #bitcoin #bitcointrading

Paul_Varcoe Updated 

There will be loads of you who have followed me for a while. Maybe you think I've been wrong? I know that I didn't start buying till 32k, and I DCA'd down to 21. For the record, I have NEVER shorted Bitcoin. On the way up I sold 28 and 32, so I am long half my BTC allocation from 23 on average. I'm happy with that. Now what? I could sell now for 60% profit...