Quote from: RyanPumper on April 30, 2015, 04:26:28 PM

By this point our skilled trader who bought weeks ago is now sitting on a pretty hefty 500%+ profit, and he didnt even lift a finger except to press the sell button and cash out.

This is how you allow the market to work for YOU... This is how to use the time, energy and resources of others for your own financial benefit. This is what allows a skilled trader to open a trade and then to walk away, and then come back to see a windfall of revenue.

..........

So I must mention again... wealth is born out of the conservation of time and energy

Daily Tip

If you are spending hours each and every day in front of the screen, then you are almost certainly making less money than a skilled and informed trader who spends a mere 40 minutes a day engaging with the market.

You must learn how to use the time, effort and energy of other people. As I mentioned above, there are people who trade altcoins almost fanatically and they have never made a meaningful amount of profit in their lives. Yet they continue to willingly spend hours beating away at the market day after day.

These types of traders are in the majority so there is vast amount of these guys the best thing about that is, these guys will do the heavy lifting for YOU

Consistent profit in this market is a result of strategy, not hard work.

I call it trading on autopilot Putting that sum bitch into gear and letting the novices carry my trades. Peeps just don't get it, they don't even think.

They will trade for the whole day and "lose" money. Where do they think that money goes?
Do they think it just disappears into the ether or what? lol

You can't put a bunch of time into trading because all your doing is buying and then selling and that takes seconds. But noobs will buy a coin and then sit there all day like some entranced bot, looking at charts and other useless things.
That would be like buying a box of chocolates at wholesale and then sitting down and looking at the box thinking that something magical will happen Cheesy

But if you bought your chocolates and then set up a stall in the most busy retail space in town, I bet the market will do all the work for you. People will walk by, see your signs and grab some damn chocolate bars.
Then a crowd will form and other people will be attracted and by the end of the day you will have no chocolate left and all you did was sit there and let the market go to work

elbow grease is for the uneducated

if you want to sweat all day go get a job as a plumber, trading is for slicksters and strategists not mules and lackeys