Once you realise that a financial market is composed of nothing other than a series of actions and reactions, your performance in the altcoin market will transform.
Simply put, trading is a mind game. Just like chess... dots and boxes and even connect four.
Your one objective is to out manoeuvre the person on the opposite side of the trade. Therefore, in trading, the skill is in ones ability to out-think his opponent.
So clearly buying with the pack is an option that can immediately be thrown out the window because, if everyone is thinking the same thing, then someone ISNT thinking. ... Or perhaps, someone else is doing the thinking for them?
Trading is a battle of the wits, and there is a lot to be said about a person who is buying today what another person bought cheaply several weeks ago.
At PumpersPicks we are advocates of simple market psychology.. the simple acknowledgement of the fact that prices move upwards or downwards when the herd is in a state of reaction. So in order to out-perform the herd and get there first we endeavour to employ strategies that exploit this innate nature of human beings to react instead of act.
Fascinating post Ryan. I have found myself on the reaction end of the scale many times before

reading this has put some things into perspective for me
I see now that staying afloat with altcoins comes from simplification instead of always over complicating things, so im trying to get better at these things
p.s i sent you an email about coaching, im interested in getting a step by step run down on your complete and entire trading method
thanks in advance