Spicy @spicyofc

• Ex-Prop Trader • 8 Years Crypto • Follow to learn how to trade, the simple way. in the orderbook Joined June 2018

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Spicy @spicyofc

3 hours ago

Top 2 most important things I care about as a Trader: - the strength of my current alpha - my current rate of discovering new alpha the 2nd one is more important but 99% of people completely ignore it and don't bother improving it.

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Spicy @spicyofc

13 hours ago

1 Minute Timeframe is better than 1 Hour Timeframe for improving as a Trader in the short term it's going to require more effort, more pain and more annoyance. in the longterm it's going to result in faster feedback, more iterations, more improvement and higher skill

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Spicy @spicyofc

15 hours ago

Drawing lines and rectangles on a chart won't make you rich. You still need to control risk. You still need to manage your emotions. You still need to track and review your trades.

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Spicy @spicyofc

17 hours ago

for traders who have been playing for less than 12 months: focus on learning how to lose properly, rather than learning how to win. survive > thrive

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Spicy @spicyofc

20 hours ago

In order to make money as a Trader: - you don't need to be right - you don't need big R trades - you don't need to risk big

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Spicy @spicyofc

22 hours ago

Breakout Trading Top 3 things to look out for to take more good trades and less bad trades Explained ↓

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Spicy @spicyofc

a day ago

Trading is a mental game Meditation improves a person's default mental state Put 2 and 2 together.

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Spicy @spicyofc

a day ago

For Traders who want to Study this Saturday: 1. x.com/spicyofc/statu… 2. x.com/spicyofc/statu… 3. x.com/spicyofc/statu…

Spicy @spicyofc

2 weeks ago

For Traders who want to Study this Saturday: 1. x.com/spicyofc/statu… 2. x.com/spicyofc/statu… 3. x.com/spicyofc/statu…

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Spicy @spicyofc

2 days ago

If traders improve at this 1 thing they will make less mistakes: - less "rushing into trades" Something as simple as setting up multiple alerts on the way to a key level instead of having just 1 alert on the level can be enough to make a bunch of execution mistakes vanish.

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Spicy @spicyofc

2 days ago

If some shitcoin is pumping like crazy I don't really care I don't bother touching something unless it actually meets my criteria Nothing wrong with feeling a bit of FOMO here and there. It only becomes a problem if it's actually acted upon.

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Spicy @spicyofc

2 days ago

If you want to actually get better as a Trader: 1. No plan for the day? Don't trade. 2. Bored? Don't trade. 3. Excited? Don't risk too much 4. Journaling your Trades? Don't forget to actually review them Sounds simple but 99% of people don't bother.

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Spicy @spicyofc

2 days ago

Trading Tip: Instead of spending time searching for the next best strategy, Spend some time on creating a structured process for reviewing your performance + improving your current strategy

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Spicy @spicyofc

2 days ago

How I trade Reversals I put a lot of attention on fast vertical spikes which will have big volume spikes that come with them. Explained ↓

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Spicy @spicyofc

2 days ago

I've been in Crypto for 8 years What I realized is the people who actually make money are the ones who have a specialty in something and are better than 99% of people in that specific niche. Explained ↓

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Spicy @spicyofc

2 days ago

"Without an edge, good trader psychology is useless." Wrong. Good trader psychology is what helps a trader go from having no edge to actually building an edge. Bad trader psychology is what helps a trader go from having an edge to being no different to a gambler.

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Spicy @spicyofc

3 days ago

High Volatility - A time where most profits are made - But also a time where most accounts are blown "omg it's high vol, I'm entitled to make loads of money right now" is a thought that leads to a lot of mistakes. If markets are moving fast, relax and stick to your original…

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Spicy @spicyofc

3 days ago

Trading Trap that many people fall for: • Having an idea which makes perfect sense in theory and instantly risking large amounts of money on it, hoping that it will work There are many things in the market which make sense logically but do not actually work in practice.

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Spicy @spicyofc

3 days ago

1 Trading Skill that most traders know they need to improve at (but they don't want to) is Patience Patience is just the act of "doing something else in the meantime." I've found research/study/review to be really helpful things to do while waiting for an entry