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RE: Daytrading vrs Position Trading, which will make you more money?

in #trading7 years ago (edited)

Thanks to you Luc, I have confidence to do this part time now alongside playing poker (which I've done for over 10 years), and maybe full time down the road. Here are some charts
https://www.coinigy.com/s/i/59763028be5ba/
https://www.coinigy.com/s/i/59763123063aa/
https://www.coinigy.com/s/i/597631c65da57/ (ignore the trades between 13-15)
https://www.coinigy.com/s/i/597632180a637/

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very nice, small account building charts.. great trades, soon you will be trading the big panics .. But there is nothing wrong with taking all those small big percent trades, well done.

Appreciate it. I'm a little eager, so waiting for big panics during slow days is no fun (but when they come, they become EXTREMELY fun)
Even tho these are small volume coins, you'll be surprised of how much you can put in for a trade and your orders can still be filled. You won't be able to fill 10k USD worth of BTC orders, but you can def get a decent amount of money in. Get a feel for the order history and get lucky with these flash sells :)

exactly.. there is tons of trades out there everyday.. your job is just to find them and only take those trades that have a great chart.

To add, I've never done any trading or knew anything about trading before watching your videos. Your videos on "What moves price" and "Is there a holy grail" was the answer to a strategy I employ now, so your videos resonate with me. I've actually watched them at least five times each.

  1. Look for an argument
  2. Read the story of the chart
  3. Set up alerts, or buy/sell orders

I know quite a few poker players who have become devout followers of Luc's guidance, I have been calling Luc the "Ed Miller of Crypto". I even convinced one of the players at last week's WSOP Main Event FT to start following Luc's content. The days of buy and hoard are over for poker players, the future is in position trading to accumulate wealth.

The "Ed Miller of Crypto"? I tend to agree :)
I got lucky finding him by stumbling upon his article "How i turned $300 into $50,000 in one year trading Crypto currency", after googling cryptocurrency trading.

Poker players tend to make great traders. I think there's a lot of overrlap with the psychology of being a successful trader/poker player.

Yes, for sure!
Both seem to overlap with success by .....

  1. Understanding fundamentals or foundations, and coming up with a working strategy
  2. Suppressing and controlling emotion/tilt
  3. Having proper bankroll/account management
  4. Putting together proper software, tools, and process (online)
  5. Don't try to mimic anyone else (this goes for anything you do)