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RE: Life as a crypto trader// My life lessons - I need intestinal fortitude

in #crypto7 years ago

The thing about haejin advices is that he claims he is a Elliot Wave Expert with 90% of accuracy.

Elliot Wave Counting technic is pretty controversial, and 90% of accuracy it pretty stretched (check this article for a good idea of pros and cons about Elliot wave)

I started do dive deeply into financial markets for about half a year, and all honest big players i met say two things is common:

  • The market devour those who want to go in to make quick easy money
  • There is no easy way. You have to study, win, lose, win, lose again, until you are ready to be a good player on the market.

Also, you need to find wich tools (Technical, Fundamental, etc) work for you.

And if you start to look into the intraday graphics you might go crazy, if you are not into day-trading.

And yeah, how the way you handle your emotions is a big part of the game.

I suggest you to watch this guy: @cryptovestor. He have honest views about the crypto markets, and have no fear of warning when things are not going "to the moon".

Also, a personal opinion, but its up to you what to do:

Don't keep all your money into cryptos. The risk and the volatility is too high to be 100% invested in it. Make sure you put some of you money on stable less risky investiment.

It can go "to the moon", but there is always the possibility of cryptos failing completly.

Peace man! Keep up the good work! Your Radio Shows on PAL are getting better everyday!

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Second on following @cryptovestor. One of the crypto youtubers I have come to respect.