Quote from: Double Kills on May 13, 2015, 06:23:30 PM

Quote from: toleng on May 13, 2015, 01:15:32 AM

Quote from: FelixOliver on May 13, 2015, 01:02:30 AM

Quote from: ClownHunter on May 13, 2015, 12:55:55 AM

1. Money can only go where it has a reason to

2. Money can only go where there is room for it to flow

3. There is a finite amount of coins in crypto, so money moves in cycles from coin to coin

Its the beautiful science bro. The traders that make hundreds of trades make ZERO. The traders that only make a single digit amount of trades per month (and actually know what they're doing) make fortunes. It's a difference in mentality

It's not just the mentality of a trader that brings in the profit, it's the knowledge

you cant create a strategy if you don't know what you're doing

and this is the only profession in the world where the amount of money you are able to accumulate, and the speed at which you generate this money, directly indicates your level of skill

I agree

The most important thing is efficiency
Think about it. All you are doing is using your mousepad to click buy, and then to click sell
If you need more than 20 minutes a day to do this there is something seriously wrong with you LOL

there is no justification in the world for spending freaking 15HOURS a day trading
People think the more trades they make the better,
but they never stop and realize that they have NEVER made money from doing this

You have to pick your spots, and grind out the ten baggers (1000% gains) there are soo many of them in the alts
I can make one trade this month is a high potential coin and end up with more money than someone who made 500 trades
so yah, knowledge is key, but EFFICIENCY is the LAW!

people think that the more they trade, the more money they make

that is a myth cause like ryan says, if 500 btc comes into the altcoin market every 24 hours, then thats 14,000 btc every month and 148,000 btc every year

so, by default, you make more money when the duration of your trades become longer

this is basic stuff, but most people in crypto are mentally ill so they aren't capable of understanding a concept as basic as this

this means they will carry on making 100 trades a day

and that means that I will carry on making double digit btc amounts every month