This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!Don't follow the herd.A common mistake made by new traders is that they blindly follow the herd; as such, they may either end up paying too much or FOMOing into a hot coin or stock. Experienced traders are accustomed to exiting trades when they get too crowded. New traders, however, may stay in a trade long after the smart money has moved out of it. Novice traders may also lack the confidence to be contrarian when required.You should not be a contrarian for the sake of being a contrarian either, but there is a time to counter trade mass sentiment. 20K Bitcoin in 2017 is a great example.Many cryptocurrency traders are blindly following calls by strangers on Twitter. There is no surer path to financial ruin than spending your hard-earned dollars on assets being shilled by avatars who are likely manipulating you for their own profit. It is essential that you learn what works for you and trade your own system, regardless of what the herd believes.Here is the link for today's 2 PM EST live stream on YouTube! https://www.youtube.com/watch?v=DVQpiV3JnZ0In This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsSkyBridge Founder Anthony Scaramucci Comments on Bitcoin India Is Cracking Down On Bitcoin (Again)Coinbase Receives $6.5M FineDexe.NetworkMy Recommended Platforms And Tools
The Wolf Den #203 - Don't Follow The Herd
The Wolf Den #203 - Don't Follow The Herd
The Wolf Den #203 - Don't Follow The Herd
This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!Don't follow the herd.A common mistake made by new traders is that they blindly follow the herd; as such, they may either end up paying too much or FOMOing into a hot coin or stock. Experienced traders are accustomed to exiting trades when they get too crowded. New traders, however, may stay in a trade long after the smart money has moved out of it. Novice traders may also lack the confidence to be contrarian when required.You should not be a contrarian for the sake of being a contrarian either, but there is a time to counter trade mass sentiment. 20K Bitcoin in 2017 is a great example.Many cryptocurrency traders are blindly following calls by strangers on Twitter. There is no surer path to financial ruin than spending your hard-earned dollars on assets being shilled by avatars who are likely manipulating you for their own profit. It is essential that you learn what works for you and trade your own system, regardless of what the herd believes.Here is the link for today's 2 PM EST live stream on YouTube! https://www.youtube.com/watch?v=DVQpiV3JnZ0In This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsSkyBridge Founder Anthony Scaramucci Comments on Bitcoin India Is Cracking Down On Bitcoin (Again)Coinbase Receives $6.5M FineDexe.NetworkMy Recommended Platforms And Tools