The Importance Of Routine

G'day, ladies and gentlemen. Welcome to the Trader Cobb Crypto Podcast. I hope you've had a great day and a great week as we near the end of yet another week and we start the month of December. Second day in December, a lot of people in a festive mood and off to all their parties and whatnot at the moment. It's a very, very busy time of year

I know. And that's why I thought today in this particular episode, I wanted to start off with something to do with routine. I wanted to explain a few things about routine and give some examples as to why it's so important for us as traders. Because, you know, yes, we look at the markets, yes, we manage our risk, yes, we manage a lot of things and yes,

we follow a lot of rules, but a lot of people let the routine lapse. And I for one know recently, I certainly forens that bracket. Now the thing, you know, from my standpoint, what has happened in the back half of this year, mainly the last sort of, I think, five or six weeks now regarding the market and what's been going on, certain platforms and whatnot, it

kind of knocked me quite a bit. It was a significant blow. It hurt and I'm bouncing back from that. But one of the things that I did notice was my energy levels were low up. My ability to be as interested as focused, these sorts of things, they started to slide a little bit. And look, there's a number of factors that go into that. But one of

the main things I think that's really important for us to understand is what is it that we need as people and not everybody needs the same thing. You know, you'll see these influences on Instagram and whatnot on Facebook and who harb, blah, blah, whatever, telling you that you should be doing 100 pushups a day and 300 sit-ups and blah, blah, blah. And this is the, this

is the way to a successful six pack or whatever it may be. As sure, well, they might be right, I'm discrediting them. What I'm saying is it might not be right for you. So when it comes to routine, you don't need to be like anyone else. You need to find what works for you. Now, years ago, my routine used to be get up the cracker dawn

pretty much just after the sun would rise. I'd be down there walking along the coast of walk here in the east of Sydney, along Bondi and Bronte and so on. And of course, that would consist of turning on the computer, loaded out those sorts of things. But one of the big things for me, and I'll come back to the beginning of this routine in just a

second, was the sound that a door makes when it closes. I know, really weird, huh? But the thing is, this is the reason why that was such an integral part. It was, you call it an anchor. An anchor is think about, you know, when you heard it here a song and it reminds you of a ski trip you did with your mates back in 2012. So,

you know, whatever, something along those lines, you hear that music, or you smell that, smell it and you go, oh, instant recognition of a moment in time. That is what an anchor is. Now, from my standpoint, my anchor was that door clicking because I've always traded by myself. Well, nearly always, you know, we gone 18, 17, 18 years ago. Now, there was a couple of years

where I was in an office and I was doing with other people. But for the last sort of my successful trading career, let's say, was pretty much, pretty much being alone. Okay. Except for one year where I had that feeling. I had a fun set up. That was the only year that I actually worked with a team. And the thing is, every single time I would

go into any office that I had, whether it be a home office or an office that I rented, there would always be a door. And that door would always have a click. And I didn't change offices for quite some time. So when that door would click, that was almost like my pre-reaching was my exercise in the morning, my getting my coffee, having a shower, getting dressed,

saying goodbye to the kids or whatever it was, depending on whether I had kids or not. But this is recently. And, um, I got myself into the zone as soon as I closed that door, it was like, pre day, my daily routine, click, done. Check that box. And the next part of that was my trading routine. And my trading routine started when that door went click.

weeks, ten weeks, something like that. I'm still getting used to that new routine for me. And I think that's probably why I've been a little bit more exhausted of late, because when you do break a routine, you've got to learn how to live a certain, you know, a different lifestyle or a different life that you used to, it does knock you around a little bit. And

I'll happily put my hand up and, you know, admit that, yeah, it's, you know, my recent changes in life. It's definitely not me around a bit. It's been a tough year. But coming back, having that routine allows you to feel powerful. My current routine at the moment, which I've really started to sort of double down on the last couple of weeks, is I'm, I'll go and

have my shower. I've got my kids here. So therefore I've got to drop them off to school in the week. So I have them. And I'll finish my shower. Cold. And it takes your breath away. So there's breath work required to do all of that. Now, that breath. In the cold water, it's kind of like a positive affirmation type thing while you're freezing. And, and I've

got to get myself to a point when my breathing is now calm. I used to do a lot of ice baths until my personal trainer who used to do that has moved away since then. And now I've got to do some, you know, things myself in winter or go down and start my day in the cold ocean. But in summertime, nowadays, I mean, the water is

still bloody cold, but, you know, it gives you that shock. And whilst I'm doing that breath work, I am also, you know, doing positive affirmations. It's going to be a good day. I am going to be strong. I'm going to do really well. Well, there is there and what it will be will be, but I'm going to be the best version of me. That sort of

stuff. And I come out of that shower. And I'm, you know, your skin's all tight and warm or so not warm. Your skin's all tight and cold. And you're like, right, let's get into this day. Those are the little things that make a difference. Then I'll drop the kids off. Come back. Boom, boom, boom. I'll start my day in that way. And that's my, my routine

at the moment. Now I'm looking to change that up a little bit. I've got to get a better routine for when I'm not here in Sydney. When I'm here in Sydney, I've got a fairly strict routine mostly governed by my children. And what I can and can't do. But when I'm on the goal coast, or fortunate enough, this time to be staying on the beach. So

I can walk out the front door or back door, whatever you want to call it and walk on the beach. Go for a swim. And that doesn't take very much time at all, but it's a beautiful way to start your day. And I found with the routine, it's about, it's as much about a beautiful start to your day as it is about a positive action. Beautiful

start to your day. It can be a rainy, horrible, terrible day. But if you walk down, you jump in that water, or you go for a nice walk through the bush, you'll through these streets, or wherever you're able to do it, it sets you up because you've already done something. And that's why I think the ice bath and the cold shower works really well for, you

know, snapping you out of it. Each time you're doing ice bath, do I like doing ice baths? No. Who wants to get into a bloody, I got this massive wheelie bin? I got it brand new, don't worry. And you feel, you feel it with water and then you put about 20 bags of ice in it in the last couple of days. Did I like getting into

that ice bath? Is there ever a time I'm like, oh, goodie, I'm going to have an ice bath. No, never once have I thought, oh, goodie, I'm going to get in a freezing cold, three degree, you know, tub of ice and water, because that's what I really, really want to do. I know it's not something I want to do. I do it anyway. And because you

start the day overcoming something that you don't want to do, you prove to yourself that you can do something that you are worthy and you are able to do more than you suspect. And it gives you a really good sense of understanding of self. Now self is an important part of us with everything in life, but in trading, we need to back our self in our

decisions that we make. We need to make sure that if we're not feeling that strength that we don't trade that day, if we do feel that strength, we go about our day like you wouldn't believe you do. Where you think you're meant to do and if there are trades that you take them when it comes to dealing with relationships or people that might be annoying you

if someone gets triggered and starts getting angry, typically if you're tired, you're not feeling confident and strong, you'll snap back. What does that lead to? It leads to our arguments, it leads to problems, it leads to more issues that you don't need. So starting that day, would that routine and starting your day with a bit of, you know, a bit of something you might not want

to do. That's why morning training is good. You don't necessarily want to get up out of bed at six in the morning and go for a run or go to the gym or go to your class or whatever it may be that you do when you do it and you get back, you feel all the better for it. So just think those things. So just think

about it as you approach this weekend and think about the routines that you're placing down. Because right now, is it's good a day as any to make sure that you understand what you need and you can change it, you can work with it, find what works for you, but a routine can change your life. So that's my chuck on routine leading into a quick little take,

sorry, a quick little run through of the top 10. What's happened? Well, yesterday we're talking about Bitcoin here. Yesterday we saw off 1.1%. Today we're doing a lot of things that we're doing. So 9.4% off of a percent. Not a great deal going on at this stage, very, very slow, but this is absolutely fine. We haven't seen the radical sell off, bam, straight back into it.

We've seen a why I'm sorry, a mile not wild, not wild for a change. A mile bit of a pull back and we may. Excuse me, we shouldn't let me, we need to rephrase that we have the opportunity here, the weekend maybe hit a note. I think 16, 8 looks pretty good. Test that level or where? Now, if that is to occur, we'll have a second

wave of buying in what has been a very new uptrend on Bitcoin. Does it mean it's going to move higher? Absolutely not. No, this is a very new move in the market, but it has slowed right up, but it's grinding its way back. It's not just going to put sold off heavily. We're still up this week, despite the last two days of selling. It's not up

significantly, but it's 2.9%. It will be lovely to see if we can get a bit of. I don't even mind if I go sideways this weekend and then we get some up with momentum, possibly into the early stages of next week and throughout that week. The more established these trends become, the easier it's going to be for us to profit from them, because we're going to

have more options, simple as that. So Bitcoin's down point four of a percent today at 16,896 the current price of Bitcoin. Ethereum holding its ground a little bit better yesterday selling off 1.4% today, only down point two. It's a 1270. Very similar to Bitcoin, except for it hasn't broken the low of yesterday's daily candle. The four hour, sorry, not the four hour, the 12 hour. Look

at V, there's a little bit of support down at 1,235. That's about as deep as I'd want it to go before potentially seeing further upside to keep the trend nice and smooth. It's what we're after there with Ethereum. On the buy end, $288.61, that represents a fall of 1.3% today, yesterday down 2.7%. And look, it's not looking as healthy as some of the other markets. In

fact, we may actually move into a 12 hour downtrend, not the cleanest of downtrends, but it's just starting to roll over. Which I don't mind, because there is a 1 hour downtrend, if it does extend its lows further on this 1 hour trend, there'll be some pretty decent shorting opportunities there on BNB. I'm happy with that. I don't mind if I go along or short. I

just want to get trends. It's 2.8864 right now on Binance. XRP having a bit of a burning today. Yesterday it was down 2.7%. Today it's down 2.5%. It's really sold off a lot steeper. There's a lot of other markets out there. Perhaps that's got something to do with Coinbase saying they're going to de-list it. I'm not quite sure. But there's certainly has been a bunch of

talk about that of late. And that's the only thing I can relate to. XRP's price declining further. As far as the 1 hour time frame goes, there's a little bit of a trend, but it ain't too pretty. It ain't too pretty at all. From XRP, sorry, it's $38.6 down 2.5%. Doge down 3.1% today. It doesn't look too bad on the daily chart. Yesterday down 4.7% as

I said today, 3.2%. It's at 9.8 cents. The thing with Doge right now is that the daily, you know, it doesn't really set a high or low properly yet. Maybe this will be the opportunity for Doge to do exactly that. Last week it did have a strong week up 28%. So far this week we're down 0.2. So not much happening so far in the bigger scheme

of things. On the car, Dino and X, which is down 0.32% at 31 cents. And look at that. You've got to say, it is a horrendous looking chart. It is not attractive in any way, shape or form. It did not push itself into a daily uptrend. Like many of the other markets has got to break above 32.2 cents for that to occur. It does have the

potential for a high or low yet again. But until we get more, I'm not really interested at 31 cents on car Dino. The only market in the top 10 so far today that is up is $5.43. That represents a half percent gain so far after closing down 1% yesterday. If and only if we can push above, it's roughly $5.50. We get above there. We've got a

four hour uptrend and tickety-boo off. We go weekend trading opportunities. You beauty. You know, wait and see how that goes. So Lina is down half a percent today after selling off yesterday 4.7% sitting at $13.41. It's very similar to car Dino in the sense that it's a yuck chart. Nothing pretty about it right now. I'll be leaving that alone. And finally, on to Shiba, which was

down 1.5%. Yesterday, it's down 0.33% right now. And that level I spoke of yesterday a little bit of resistance coming in. It didn't really amount to much. You just sold off from that point, not creating the trading opportunity for a breakout. So yeah, guys, it's really a pretty good time to go and do something else. There are some opportunities that are popping up. But we are

really lacking that next wave. If we do get that next wave, that's what I'm after. The next wave of buying would be optimal because we do have a lot of money. We do more uptrend than we do downtrends. And it would be a nice feel, good feeling into the end of the year leading into the Christmas period. I hope you're all well. And don't forget ladies

and gentlemen, if you haven't already, make sure you jump on the disc or plenty of things in there that you don't get on here or Twitter or anywhere else. Like asking his questions and having access to others like mind the trade is absolutely free. And we go to do is click on any of my social channels, all the description in the podcast. But I know when

it comes to podcasts, most people probably won't do it because you're listening, not really reading. But you know where to find it and same as the become a trade of course, totally free there, coming into the holiday season. Why not learn something new? Get yourself some trading education. Doesn't cost you a dinging. And it could change your life. That's up to you, not me. Have a

great weekend, everybody. I hope you enjoyed this show. And I look forward to bringing you more next week. Take it easy. Bye for now.