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Trader's tell you "Don't FOMO" for a reason! by thatguyjoe

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· @thatguyjoe · (edited)
$155.56
Trader's tell you "Don't FOMO" for a reason!
<center>![](https://steemitimages.com/DQmPN9z2phtKJVLUZQar9f8M11xvfgirFp67PoeJ1WZJyg6/image.png)</center>

Faith, a consistent effort and your own guarantee, that it's going to happen. 
Fear is the mind doubting your faith, or realization of your ego allowing you to make the same mistake more than twice - which is a solution to save humanity from its end -- in all that matters.



So today, I covered my short, took a decent chunk of a loss averaging up. Exited all but a small portion of crypto to USDT while moving more to my short.  If I don't see a pullback(after retesting 9k), I will keep on covering. 
You call it a bull run, I call it parabolic growth with 0 test of support and it will be a giant slide -- WEEEEEEE --- if the littlest thing happens. 
(<i>Right at 9k as I was typing this, we saw it, it took very little to start it moving down.</i>)

Let's say this. If we see 10-11k, before retesting 8k,  crypto is gonna have a rough year. If we see 14k before an actual retest, you're homeless. 
At that point, I won't even bother shorting, I'll cash out and wait for the bottom to buy for keepsake, as a reminder of what It could have been for retail, If you just listened.

<b> We say don't FOMO for a reason.</b>
Our Market is just a history built on patterns of human behavior. 
We say everything repeats, because we never tried to do the opposite. Decentralization is a history we are writing now. Are you? 
If you don't - then what are you doing? Next time you trade, try to call the moon for X1000 gains. If It doesn't work - call again.

Will the Market fix itself? - Yes. 
Will It be at the cost of all #hodlers and retail investors if this continues? - Yes.
 Will I still have more BTC then I do now? - Yes. 


But I wouldn't be at #crypto at that point, because the purpose of decentralization would dissipate and be replaced by exactly what we wanted to escape from. If you came here for the dream, If you came here as innovator, If you wanted to be the leader of your own life - stop being a sheep.
https://pbs.twimg.com/media/DYix9EQXUAAsG6T.jpg

To all of you, who is chasing #americandream. Remember, we are not here for the price, we are here for the value.


Make smarter decisions, and don't just fly in on every green candle. Greed will be your downfall if you continue doing this. 
<center>
![](https://steemitimages.com/DQmePy8BkFNtnPSUxjFzhq4mFyHaL2MxYYWSoh3RBY4iaLW/image.png)</center>

<i>Resteem and Bidbots were used to help promotethis post, in hopes you gain value. Transparency is key, and until their is a solution to the abuse, I will atleast do my part and be transparent about it.</i>

If you would like some actually informative posts of mine check
[This One on Risk Management](https://steemit.com/cryptocurrency/@thatguyjoe/don-t-get-bogged-risk-management-increasing-btc)
[This one on the March Correction](https://steemit.com/bitcoin/@thatguyjoe/correction-crash-nope-we-are-taking-out-the-trash)
[Or Check my Trading view on using Double Cloud for Confirmation on movements](https://www.tradingview.com/chart/BTCUSD/KKCm8aYJ-Double-Cloud-for-Confirmation/)
Or if you would like help learning TA join 
[Telegram](https://t.me/cryptohights)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 172 others
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@alelimon ·
Quiero leer todas tus publicaciones anteriores a ver si logro un "despertar"
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@anealireki ·
Very good application for checking cryptocurrency and receive notifications https://icoincourse.com/
Telegram support: @icoincourse (https://t.me/icoincourse)![DQmViNu6KhpvsSYaAw6uAi9knuwcVwRKhapLXSqpDaUJDba_1680x8400.png](https://steemitimages.com/DQmPDNn45FY47VZMjqThPtwt1aor5xTUw1Th8z6Kjyj6pDi/DQmViNu6KhpvsSYaAw6uAi9knuwcVwRKhapLXSqpDaUJDba_1680x8400.png)
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@augraphy ·
Thanks for share, it is a usefull post.. I appreciate it..
πŸ‘  
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@thatguyjoe ·
no problem thanks for reading! Hopefully you get a chance to read some of the older posts!
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@augraphy ·
Yea, i'll try to read some of your older posts..
πŸ‘  
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@boomerang ·
This post has received a 6.82 % upvote from @boomerang.
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@ccoldwell ·
Lot's of FOMO currently and I think the bears are top fishing. We are due for a pullback after this run. I'm watching for a pullback into a cup and handle, or further consolidation into a weekly equilibrium. ![Screen Shot 2018-04-22 at 8.41.51 AM-1.png](https://steemitimages.com/DQmRjynhhktXZgYMJkXShzSwbB2q5gTVno5C2Naue6Evq8M/Screen%20Shot%202018-04-22%20at%208.41.51%20AM-1.png)
πŸ‘  
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@thatguyjoe ·
Yeah we are constantly trying to Pierce that daily cloud, and we are due for a pullback legit yesterday. This has been a great distribution phase and we need to markdown and reaccumulate. So we can build a nice support floor. Thank you for sharing TA we need more of that here!
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@crypto2crypto ·
$15.09
It’s almost comical, the same ones that fomo are ones that panic sell.  You can somewhat say they are the the reason for the wild swings.
πŸ‘  ,
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@alelimon ·
Sometimes I feel that this world is like being in the jungle and not just on vacation, much to learn.
πŸ‘  
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@thatguyjoe ·
Between the thin order books and panic buyers and sellers id absolutely agree!
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@emmanueltare ·
Give him all your best Upvote and best comment and the sky will be how limit, always celebrate with the best, tomorrow is my birthday everyone, it @emmanueltare  please show me love..
πŸ‘  
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@emperorofnaps ·
re-thatguyjoe-trader-s-tell-you-don-t-fomo-for-a-reason-20180422t022630933z
You got a 14.79% upvote from @emperorofnaps courtesy of @thatguyjoe!

Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
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@luistoledo ·
good afternoon community. I feel cheated since I lost 0.500SBD with this BOT @anonwhale. since I transferred to him with so much sacrifice 0.500SBD since I saw that they offer that you resteem your post and they give you 25 positive votes. which have never come since yesterday that I use this bot. How sad I feel since it was not easy for me to gather those SBD!
I hope this message greets you from Venezuela
πŸ‘  
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@murtaza78 ·
Informative...
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@thatguyjoe · (edited)
Mostly Just stating an issue, that we as a market continue to make.
People Love to buy when it is green, and sell when it is red.
When we need to be doing the exact opposite.

If you would like some actually informative posts of mine check
[This One on Risk Management](https://steemit.com/cryptocurrency/@thatguyjoe/don-t-get-bogged-risk-management-increasing-btc)
[This one on the March Correction](https://steemit.com/bitcoin/@thatguyjoe/correction-crash-nope-we-are-taking-out-the-trash)
[Or Check my Trading view on using Double Cloud for Confirmation on movements](https://www.tradingview.com/chart/BTCUSD/KKCm8aYJ-Double-Cloud-for-Confirmation/)

While this post was mostly a reaction to the entire market and massive amount of spam I am seeing of "moon" "lambo" "bulls are back" rather than giving information on how to mitigate risk, or increase your position, or how to DCA.
Which I would much rather be doing, but honestly people would rather fomo than learn TA and understand market psychology.
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@topfreeser ·
Buying and hoarding cryptos is a great business but not an investment in my own opinion. As you need to follow the market trends and any little bearish movement,  one developes a blood pressure. But since it takes risk for one to hit it big, we really need to apply the above mentioned principles. Thanks.
πŸ‘  
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@pheonixdown-dee ·
Great article and very informative, thanks for sharing. I've smashed the upvote button for you!

If you are looking to get hold of some crypto without investing or mining, look into https://www.crowdholding.com. They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
πŸ‘  ,
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@thatguyjoe ·
That's super cool, great to know, thanks!
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@shenobie ·
Brilliant post! Absolutely agree with  your points. 

As FT quoted Vitalik Buterin talking about everybody's attitude in the current Crypto climate: "Lambo[rghini], vrromm, buybuybuy now!”. I guess it says it all! 

Best Wishes
@Shenobie
πŸ‘  
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@thatguyjoe ·
While the excitement to find the "next Bitcoin" will always be there and is what brings new money to the space, I truly believe that we need to self regulate better and offer as much help as we can to newcomers on TA and FA in hopes they do not continue down the same paths we did. The problem truly is that people came here for instant money, and several made out well, they spent it terribly thinking we would never come down, and now they are in a bad financial spot because of their poor money management. Sadly the only ones benefiting is old money, which also happens to be what we wanted to get away from and create a better future for ourselves.
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@shenobie ·
I could not agree more!
πŸ‘  
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@slider2990 ·
$0.29
Hilarious.  Great job.  

Even with labels and warnings and information some humans are still going to make the wrong decision.  It is amazing how they fall for so many traps.  Like the OTC stocks who change their name and description to crypto and blockchain.  Dumb people bought the name change with no evidence that the employees even know what blockchain is.  Now all those companies share price has collasped.  

Just unbelievable.
πŸ‘  ,
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@thatguyjoe ·
Omg I remember seeing some random stock like 100x because it added Blockchain to their name. It's absolute insanity.  It's the same people who stare at Binance all day and are like woonits going up *dump all into the fomo coin* first pullback "noooo market sell market sell" lol.
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@steembottrackerr ·
<center>https://steemitimages.com/200x200/https://s-media-cache-ak0.pinimg.com/originals/81/28/3c/81283c6aed7bdb5b9f8ad73b8ce62c2f.jpg</center>
---
<center>Hello @thatguyjoe , Congratulations βœ… . Your content began to appear in the hot section.
I am the information account of "SteemBotTracker" site.
</center>
---
<center>
Your Informations
Total SBD: 57.003
Total STEEM: 5.699
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---
<center>
I recommend to increase this;
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βœ… The most profitable whale in the last round. @smartsteem
</center>
---
<center>
I'm taking this message once. You need to use the #steembottrackerr tag for more information.
Those who "upvote" this interpretation will be awarded a "UpVote" prize of 100 Sbd per week per person.
I am a bot, I can not answer the comment. I hope I could help. Good luck. Sorry if I disturbed you.
</center>
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@tipu77 ·
yes fomo is reason πŸ˜‚
πŸ‘  
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@thatguyjoe ·
#fomolife 
I mean we have kids buying 100k SATs saying they are rich now. 
Everyone has that one friend who was broke in 2011, and now sitting in a penthouse. 
They all think they are gonna do the same and don't miss out. Turn that $100 bucks into a million. 
They don't understand that institutions will rekt them and that moment when it feels like we are gonna go parabolic again, and everyone is losing their minds "moon" "lambo" "#hodlgang" and it's gonna dump. Like dump dump. 
Like wyckoff distribution over time for markdown and fomogang will not understand and dump with it and we will eat it up :)
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@tirke ·
Resteemed. Thank you, my friend.
πŸ‘  
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@thatguyjoe ·
Thank you!
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@transparencybot · (edited)
<h3>This post, with over $50.00 in bidbot payouts, has received votes from the following:</h3>

minnowbooster payout in the amount of $48 STU, $84 USD.
promobot payout in the amount of $21 STU, $36 USD.
smartsteem payout in the amount of $11 STU, $19 USD.
appreciator payout in the amount of $9 STU, $16 USD.
mercurybot payout in the amount of $6 STU, $11 USD.
boomerang payout in the amount of $7 STU, $12 USD.
rocky1 payout in the amount of $6 STU, $11 USD.
inciter payout in the amount of $4 STU, $8 USD.
therising payout in the amount of $4 STU, $7 USD.
estabond payout in the amount of $4 STU, $7 USD.
emperorofnaps payout in the amount of $2 STU, $3 USD.

**For a total calculated bidbot upvote value of $122 STU, $214 USD before curation, with approx. $31 USD curation being earned by the bidbots.**

This information is being presented in the interest of transparency on our platform @thatguyjoe **and is by no means a judgement of your work.**
πŸ‘  
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@thatguyjoe ·
Still the most valuble thing on Steemit. 
As i continue to post, If i use Bots I will always disclose that they will be used on the post. 
Also will always upvote @transparencybot to ensure it can let people know that results like this are not possible without using bots.
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@bycoleman · (edited)
Thank you Joe for the support.
πŸ‘  
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@zemiatin ·
The truth is that if you cannot think long term, than maybe cryptos aren't for you.
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@thatguyjoe ·
I absolutely agree, and while thinking long term, I look to DCA to the bottom of most alts and take profits when they hit my targets. 
When thinking long term, My logic is how do i accumulate more in the best and most efficient way for long term growth. My USD value is irrelevant. 
I see USDT or USD as a 1x short rather than preserving USD, and the goal is to ensure I have the most BTC possible by the end of each year.
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@unlimitedorizons · (edited)
$0.04
Do yourself a favor, read about decentralization. Then read this post again. I’m sure you could give a smarter β€œinsight”. However, if you can only think long term, then maybe life is not for you, Mr. β€œ I just know how to hodl.”@zemiatin
πŸ‘  ,
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@ziapase ·
Wooww your post is amazing, I like your post .!!
πŸ‘  
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beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id51,308,407
net_rshares1,863,833,979
author_curate_reward""
vote details (1)