What are the mindset and core beliefs of the best crypto traders and analysts?

iTradeChips

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Quote from: paxmao on March 23, 2021, 04:40:10 AM

The best traders mindset is: I know that technical analysis is crap so he only thing that can make me earn money is opneing 20 accounts with 500 USD each, play with them with a variety of crap-strategies an show to the public only the one that has thrown profit and do not forget to make a youtube video selling my "method" to those gullible enough to believe that I am going to teach then how to be rich on a zero sum game.

Did I get it right?

Edited to add: Add a referral link to a dubious trade platform whose add reads in fine print "80% of retail accounts loose money with us".

I was always curious about these Youtube ads from so called trader of the year fellas that says they have formulated a "this and that" strategy for trading and that this is fool proof and would guarantee profits for many. I mean if that is true then we should all be rich right now and many should have gone out of poverty. I do not know if we are dealling with scammers or legit people that only gives their knowledge and it is really up for the person who bought their knowledge to profit out of that knowledge.

iTradeChips

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Leading Crypto Sports Betting & Casino Platform

Quote from: franky1 on March 23, 2021, 01:49:54 AM

never initially invest what your unwilling to lose
once in profit only take bigger risk on the profit not the initial outlay
buy the dip not the hype
buy low sell high.
never sell at a loss
dont hodl for 10x(1000%)
take quick 1-4% rinse repeat
'compound interest' is better than hold'n'hope

These are, in my opinion are the most basic and the best advises one can see on this forum that is intended for all of us. All we need to do at this point is simply know by heart what this means and how we can memorize these by heart. I have always shared this to my friends and colleagues that were already starting on Cryptocurrency. It is not late for the beginners to start with crypto but rather we need to learn and make sure that we can put all of these basics by heart.

Rruchi man

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A general street code for traders is, "Never count/calculate the money you invest/use to trade the market." The reason is this, when you stop counting the money you throw into every trade as available money, you are not perturbed even if the value of what you bought is dropping, all you got to do is wait for a short while.

franky1

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Quote from: paxmao on March 23, 2021, 04:40:10 AM

The best traders mindset is: I know that technical analysis is crap so he only thing that can make me earn money is opneing 20 accounts with 500 USD each, play with them with a variety of crap-strategies an show to the public only the one that has thrown profit and do not forget to make a youtube video selling my "method" to those gullible enough to believe that I am going to teach then how to be rich on a zero sum game.

Did I get it right?

Edited to add: Add a referral link to a dubious trade platform whose add reads in fine print "80% of retail accounts loose money with us".

those idiots do not do technical analysis.. they do TREND analysis..
their game is to draw a random line from old data and pretend its going to repeat again.
their hope is if they can convince enough people it will happen again. those new people make it happen.
thus self fulfilling a prophecy

its typical pump and dump methodology.
..
real technical analysis is not about moving average lines.. its about 'realised value' utxo. its about mining cost. its about charting the stablecoin/price to get a 'buyer demand. its about exchange reserve of coin supply.

the idiots drawing moving average trend lines are not doing proper TA.. and yes in many cases you will see them on youtube. making videos. and then only keeping the good ones

paxmao

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Do not die for Putin

The best traders mindset is: I know that technical analysis is crap so he only thing that can make me earn money is opneing 20 accounts with 500 USD each, play with them with a variety of crap-strategies an show to the public only the one that has thrown profit and do not forget to make a youtube video selling my "method" to those gullible enough to believe that I am going to teach then how to be rich on a zero sum game.

Did I get it right?

Edited to add: Add a referral link to a dubious trade platform whose add reads in fine print "80% of retail accounts loose money with us".

jrrsparkles

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Eloncoin.org - Mars, here we come!

Quote from: cryptokangaroo on March 23, 2021, 12:16:44 AM

in every industry, there are people who are the top talent and so they tend to possess certain attitudes and exhibit certain mindsets that actually contributed to their progress. Let`s maybe discuss what can be their belief systems, the models, and the mindset?

Take the risk and it will pay off later that is actually what every crypto investor, trader or anyone in the crypto field is doing. It may similar to gambling but not completely because here you are in full control of managing your funds and can exit with little loss if you feel like you are drowning in the bear market.

franky1

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never initially invest what your unwilling to lose
once in profit only take bigger risk on the profit not the initial outlay
buy the dip not the hype
buy low sell high.
never sell at a loss
dont hodl for 10x(1000%)
take quick 1-4% rinse repeat
'compound interest' is better than hold'n'hope

this will mitigate loss risk.
because investing $1k for 2 year hold'n'hope of turning it to $10k may never happen(1000%)
but $1k+3% a flip = 400% in 52 flips and 1000% in 78 flips

other methods include what i call the tennis trader.
have both a reserve of coin and fiat
when the price is high and not good to be a fiat holder trying to buy. be a coin seller
price high: coin seller shorts themselves sell high buy low
price low: fiat buyer longs themselves buy low sell high

that way your not playing one side. waiting for a one sided oppertunity

cryptokangaroo

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in every industry, there are people who are the top talent and so they tend to possess certain attitudes and exhibit certain mindsets that actually contributed to their progress. Let`s maybe discuss what can be their belief systems, the models, and the mindset?

If you are a highly successful individual in the crypto sphere (trader, investor, analyst) please do us all a favor and share what mindset helped you elevate, thank you

Topic: What are the mindset and core beliefs of the best crypto traders and analysts? (Read 130 times)