Bobby's homework assignment 1

8.29.23 In this video I show you how I would frame Bitcoin. Earlier this week somebody asked if there was a book that I could recommend so they could understand how to read markets. I don't have a book to recommend. I've had a good number of mentors but only a few Helped me in meaningful ways. One Mentor taught me about structure and it was a real eye opener for me... but I still couldn't trade with a high degree of reward and a small amount of loss. They were very good Patterns and there was also the exposure to Fibonacci extensions that I learned from Larry pesavento and they were very important to me.... but I had some serious issues despite the good things I learned from Larry.... and as Fate has it it took a number of years longer Before things dramatically change for me.... and I was fighting for bits and pieces before markets became fairly easy for me. I Was always concerned about risk because I had too many losing trades. It took a long time to learn more detail about the market... and I had to change paradigms about what Constitutes An acceptable risk with a high probability that the market will trade in my direction without stopping me out for a while. I spent years just studying charts something was needed I found the person that could help me or the book. At one point I had to hire a PhD psychologist who specializes for high-end Established Traders who need therapy. And this guy understood how difficult it is for professionals who are successful. I wasn't successful, I wasn't stupid... but if you looked at my Trading you would wonder how I could make that claim. I was missing something.... and I knew it wasn't just one aspect about the market. I had to look at everything and re-analyze everything I was doing and every tool that I was using. I didn't talk about the markets with anybody for years. and then a dear friend of mine From the past called.... and she needed some help Trading and I had no idea that she was training. she didn't know that I traded...And I knew I could help her... and this Forced me to articulate the thing so that I knew Intuitively... including how To stay out of bad trades until the market looked better.... and I had no idea that it would be so difficult for those two people who became my Students.... my dear friend and her sister... and it helped me to find and articulate what was intuitive for me..... and it takes a lot of work to trade it takes more effort to keep people out of trades that will be bad for them.... so it helped me to articulate for myself as well. The idea of trading for me Is this stay out of trouble and wait for the opportunity and make some money without losing a lot of money first learning how to trade. at my stage of life I know that I'll never own a Learjet... one of my fantasies when I was younger... and that's okay if I can find some good trades and my friends can find some good trades and they don't lose capital that's good enough.

ScottBogatin

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ScottBogatin