DOW Futures

I doubt another leg lower, my bias is bullish on the daily..
Maybe sideways until new year.

Until new year is an horizon tooooooooooo loooooooong for my trades.
Yes, probably you're right but sideways for a while, maybe until next friday expiration, we'll see.

Hahaa it is too long offcourse, especially I am not spending not more than 60 minutes off NY open... Practicing on "take your money and run" mindset.

Detailed journaling is required as I am not writing everything in this journal.
Continue to do my journaling offline hereafter.

Planning to go for 3*200k from MFF ansd 2*200k from FTMO one by one within next 8months horizon.
Found my sweet spot to operate from.
Boxed up my plan in detail.
No more daily updates here.

"No matter how many mistakes you make or how slow you progress, you are still way ahead of everyone who isn’t trying. Don’t carry your mistakes around with you. Instead, place them under your feet and use them as stepping stones. There will be always forces who try to drag you down, take them as motivational boosts, and be patient. "
source: FEARLESS MOTIVATION

How's it going RMG? I'm just dropping by from the Swing Trading island to say hello and checking in on you, looks like you're still at it! That's good.

As most people know, I have graduated to the Crypto markets and turned into a swing trader. My new job is paying me 6 figures and my trading income is approaching 6 figures...The taxes are looking really ugly! Never have I ever done this well, AND retained all my profits so effortlessly!

My swing position updates are as follows:

Dogecoin: Still holding a large amount from the low 30 cent range. Well positioned for the moon blast off. Haven't touched the trade at all, other than to add to it! Mostly it has been consolidating and flat-lined with stable demand and positive horizon as some events are coming up which may help push it higher.

Shiba Inu: Took this coin as a total gamble back in middle of September 2021 here. I knew I should be careful as it's a token coin and a joke of a joke meme coin.
Bought 119 million for $1k USD and cashed it out at $5k total. Turns out if I had let the whole trade run, I would have made about $10k! It really blew my expectations out of the water for sure! At this point, I'm very glad I exited the trade, as it's now pulled back almost 50% off the high. I'm starting to re-buy the position back at a discount and will be positioned for a re-test of the prior high at some point. Consolidation after this huge rally will take some time, weeks to months. My attitude is - if I miss the next run up, that's fine with me. I will not pay the ATH price range on this coin, too risky. But I will average down as it pulls back further and get heavier as it pulls back.

I know from my experience in futures that there are plenty of chances to buy the dips and sell the rips...The difference now is that I am growing more patient and willing to sit and wait and swing it out and not using ANY margin is the huge kicker! Also, I do NOT go short on crypto, EVER. So that right there eliminates a lot of losing trades easily and my timeline is long enough I can let the trade play out for a long time.

Here's an extremely simplified technical analysis for whoever is interested. And currently, I feel that the liquidation on Shiba Inu is probably going to funnel slowly back into Dogecoin, as both of them have been fighting for the 35 billion market cap spot roughly. I speculate there is some rotation underway between the two.
Shib is just beginning the hard pullback, while Doge has lingered post-pullback for months now.

I have a "long term" target of $1 to $3.50 on Dogecoin. 10x moves are always happening in crypto, but usually it catches me off-guard!
A lot of fresh young millionaires are being minted in fact. But I never risk money I can't afford to lose...then again it's hard to lose when I'm not pressured to sell anytime soon... I could sell in a few months or a few years, open timeline.

And it takes little to no skill, just buy and hold and know how to average in slowly at price points that make sense and realizing it may take weeks to months to fully setup. But when it happens, 6 figure profit days are really mind blowing and sweet. Some people are calling it the Fools Game, but really any short term trading borders along those lines anyways! If my pockets are flush, I'm a happy bloke!!!!!!!

Glad to see you doing well mate!!
Not fully trading at the moment, busy at day job and taking a time off from blowing up accounts, lol.
Certainly looking at cryptos and especially ETH, and its potential of changing the future technology . Thinking of following your footsteps quite a while now.
I will pm you when I am ready.
Meanwhile Hold onto your cryptos until BTC reached 5 millions.
.

while Dow goes berserk at ATH, Gold comes in handy ..beautiful short setups since rejection from previous highs.
Got through 1 10k account and another phase 1 completed, thanks to DOW bulls and GOld bears.

Xauusd BO beauty, phase 2 completed in 2 days.