Quote from: RyanPumper on May 20, 2015, 10:51:56 PM

Quote from: krasaan02 on May 20, 2015, 09:24:46 PM

I was wondering what the best way to be consistent is?

My first win was for a total of 0.9 btc, since then it's like i've been trying to recreate that one trade but nothing seems to be clicking

Now it's like the harder I try, the more money I lose, this is what has made me consider joining "the darkside" lol

I just want to know how to be consistent, I have been reading the posts on your website and that has helped.

I haven't actually "lost" money this month, but I am struggling to place my trades cleanly for big profits

What would you say is the ONE THING that I need to be doing to be consistent and make the real money like you guys do?

Trading really isn't about trying hard.

In fact, if you're trying too hard then that's the first and most potent sign that you're doing something wrong.

I always say to people that the "hard work" in trading comes in the preparation that comes before you execute the trade. If you're doing it right, then the actual trade itself should be a seamless process from start to finish.

You said it yourself, "the harder you try, the more money you lose," and believe me, you're not the only one. There are thousands of traders in this very market who are stuck in that cycle...

... they score one win, and then waste countless hours trying to recreate that trade. This is because people tend to assume that there is no strategy to trading altcoins, and that's where they often go wrong.

If your goal is to establish long lasting consistency in terms of profits, then the one thing that I'd say you should be doing is studying how people lose money in this market.

You should study and become familiar with all the factors that cause novice traders to lose money consistently, because more than 90% of the participants in this market are novices - and a particular and recurring trait among novice traders is that they 'consistently' lose money.

This one fact accounts for 100% of the cashflow in this market - and, quite literally, if you are a consistent winner in this market then that is where your profits are drawn from: the losses of inexperienced/novice traders.

Therefore, to be 'consistently' profitable, you must 'consistently' position yourself in trades that allow you to be at the opposing end of novice traders because, for the most part, an inexperienced trader who isn't using a strict strategy, or isn't part of a trading group or syndicate, will lose money 98% of the time. Guaranteed.

So you shouldn't be just simply "trying to win." You should be trying to put yourself on the other side of market novices.

If you position yourself into a trade correctly, then every time a novice trader misfires and loses money - BINGO - you've profited... (be aware, every time you are trading a coin 90% of the opposing traders will always be novices. So this strategy is an incredibly potent one)

It's as simple as that... especially when you ask yourself, "when is it that people generally lose the most money in crypto?" - During/After a pump! Therefore you must switch from "chasing pumps," to looking for "opportunities" that will evolve into pumps, so that you can get there first, and profit when the laggards/amateurs/novices arrive.

When you "get there first" 98% of the work will be done for you by the rest of the market, allowing you to sit back and count your money as it rolls in.

Trading isn't about working hard, it's about being time efficient and outsmarting the person on the other side of the trade.

thanks for giving some context ryan things are slowly starting to come into perspective for me, im actually starting to enjoy trading for once Cheesy

. anyway i have sent you a private message for application into this weeks "activity" Wink

just waiting to hear from you

krasaan02

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