There's are different types of risks to consider which is catastrophic risk, system risk, and a position risk. The regulation space is evolving rapidly and what you can trade in one country from one month to the next can change. The future of particular tokens or parts of the market can also change over time. You need to be cognizant and be nimble with your strategy and portfolio and get out if...
The first and most obvious is a broad-based adherence to buy and hold. This idea is very popular in crypto, that if you buy and hold, you'll be a billionaire or be rich. That might be true if you happen to choose the right tokens. That might also be true if you just held Bitcoin or Ethereum. But the reality is, this is so new wherein we don't know where it's going regarding the market direction....
Look, I think the biggest challenge that I faced in my trading journey is really just understanding my own psychology and learning about myself as a trader and what I need. I mean, I read a lot of books about different styles of trading and in the early days I was really grappling with trying to connect with every different style of trading that I read about and really pushing myself to...
With cryptocurrency breaking the news almost every day, this is the best time to talk about the most common cryptocurrency myths and misconceptions people tend to have. Chances are, some of these misconceptions about Crypto have hurt your trading / investing or maybe even stopped you from investing altogether. Comment below and let us know your experience! Many people don't want to invest in...
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Get started trading crypto the right way. Download The Crypto Acceleration Bundle!The Crypto Acceleration Bundle Does 3 Things:📈 Gives you the critical ingredient for trading success that most crypto traders just don't do, so you can win where most fail! 📈 Eliminate the 20 Killer Trading Mistakes that most crypto traders make, so you can protect your capital and grow your wealth faster 📈 Show...
The problem of your account growing, and slippage or execution are becoming an issue is something that everyone will eventually face. Whether you face it on day one or the next few years, eventually, you'll face it as you grow as a trader. These are the ways to deal with it: Increased liquidity filter. So that the stocks you are getting signals in are high liquidity, and you can get trade bigger...
The reason we paper trade in our world is to make sure we understand the process and we can execute it seamlessly and mistake-free. It's not to prove whether or not the system is profitable because we could paper trade for a couple of weeks, months, or years and still not have a sense of what the long-term performance of one system will be. Because if we paper trade through a bear market and...
There's a slight distinction between switching off and going to cash. All of the systems should eventually go to cash if the market conditions are not suitable, just part of they don't have any more buy signals, and all of the open trades close out. So, you're in cash. The switching off is like, "Oh, the system is broken. I need to stop trading that system." In that case, it's a bit more...
As you grow, there are always holes in your portfolio you can plug. There is market behaviors and scenarios that you could dream up that your portfolio may not do brilliantly well in. Thus, you could create a system to address that. There's always the benefit of adding more, but there is a diminishing benefit. Adding one system is way better than no system, and two systems are way better than...
The purpose is to make sure that the system is yours, that you understand the rules, and you know why the parameter values are chosen where they are. You've satisfied yourself that that's okay. You like the performance, all of these things. It's sort of the handoff from me to you and taking ownership and responsibility is, "Yes, this is my system." Your system now, and you like those parameter...