//THREAD//

My advice to you today - Stay off Twitter.

There are multiple reasons for this and I'll cover them so you can spot the situation and remove yourself from it.

So stick around to read and then think about taking a break.

There are probably 2 primary feelings the majority of you who are reading this feel right now:

1. Panic, anger or disappointment - you were long from lower and you closed, you have no position or you're exposed in alts.

2. Happiness, excitement, eagerness - you are long.

So basically you're angry or happy.

Both aren't great in this environment. Let's deal with the anger side first then we'll cover the happy crowd.

*ANGRY*

Twitter will make you feel worse. If you had a long, closed a long, aren't exposed to BTC or are overexposed to alts, Twitter will make you feel like a piece of shit human being.

For some reason on Twitter "happiness" at an event turns to making others feel bad.

You see this through a range of posts:

"Imagine not being in BTC since $3k"
"Imagine being in alts"
"Stop shorting, you're re[dacted]"
"I TOLD YOU I TOLD YOU I TOLD YOU"

Ingesting these sorts of posts will change your behaviour heading into the rest of the day or week.

Your mindset turns to "you're an idiot, look how well everyone else is doing, just get long."

If you're not long, it may cause FOMO.
If you wait for a pullback you may move too soon.
You may increase your position size to make up for missing out on the move.

In these environments every Twitter account begins the great clout hunt. Searching for their furthest dated tweets that they can throw in your timeline to demonstrate their trading prowess.

The process is to show how great they are and how stupid you are for not listening.

If you're already pissed off, Twitter isn't the place to be.

The financial markets are huge and there's opportunity everywhere you look. Literally EVERYWHERE.

Relax, go look at some HTF charts and begin planning.

*HAPPY*

Firstly, great job, you're happy and you caught the move.

Now you're in a situation where your thought process is running wild, did you get the bottom? Are we going to ATH? Can you just hold for the next 6 months in your long?

If you're using Twitter heavily as a "happy" user you'll be absorbing all of the positivity and using it to further buoy your confidence and bias.

You have to manage this process otherwise you'll become a victim of overexposure and overconfidence.

Seeing all of the positivity may cause you to add more to your position at a really poor spot because you are just caught up in all of the excitement.

It may cause you to hold stubbornly into spots you should be taking profit.

Keep your entry and your targets in mind. In this environment we can swing heavily and quickly several hundred $s so please make sure you're protecting aggressive longs and don't get caught in the hysteria.

Happy users tend to seek out confluent tweets - things that perpetuate the thought process of continuation, EG. large liquidations, no HTF resistance, funding rates, and depending on your position entry this may or may not be a sensible approach.

So if you're happy, play the chart, play your position, think logically about the chart without all of the confirmation bias creeping in.

Enjoy your success, take your profit and come back to Twitter to relax once you're done.

*Hit send too early*

Let me just round this off. Twitter is a great place, but it can fuck with you hard mentally from both sides.

Don't get drawn into the utter shit that goes on here with everyone turning into an on the ground news reporter for the nano-second updates.

Give yourself thinking space without any outside influence.

If you're angry today, fuck 'em, log off, don't ingest it. Markets provide opportunity daily, you missed a BTC move, who cares man, don't let the Twitter plebs get you down. Chin up, chart, be better.