As I mentioned previously, novice traders make up 100% of market fatalities because they fail to define what their role is in this market, and so their roles are defined for them by the professionals.
Simply put, in the altcoin market, novice traders are the cash cows.
Simply put, in the altcoin market, novice traders are the cash cows.
Exactly +1
I have been saying this for so long.
If you don't know what you're here to do then you are selling yourself short because there are people who DO know what they're here for, and they create strategies to get what they want
Even when I started out I had a target to make 2 btc a day but i didn't understand the preparation that comes before that, so I kept fluffing up my trades, selling to early or buying too soon and all of that was happening because i didn't have a defined criteria of my ROLE
People who make 2 btc a day this month are only making that much because they bought wisely last month
True but more importantly and more to the point, ryan was saying that thers structure to everything
even if you think you're trading without a structure your actually following a structure that has been created by someone else for their own benefit
Look at it like this, if I only trade as a hobby then i will only be making trades with a small amount of money and i will want to get every thing over and done with right there and then, i will not wait any longer than one day to see something happen
so because of this, i will only logically trade a coin that i can see is already moving up
this is how so many people fuck up, not only are they trading with $40 and expecting to make $1000, they are buying false signals
because they have a peasants mindest so they think that if they dont make money every day that there is no value in trading
but because they aren't educated they will never realize this
One guy can do two trades with $1000 in a month and then the month after he will have slowly cashed out $4000 or more, this is how smart money operates. Traders who are in the dumb money category will make 50 $20 trades a day and end up with -$1000 by the end of the month
because they are too small minded and too short sighted to go the distance
that is how they get taken advantage of by people who understand things a little better
