Unless you’ve been living under a rock, you know that one of the most exciting use cases of crypto is to both earn yield and get low-interest credit loans, especially since you earn next to nothing in your actual bank account. Nexo, my amazing podcast sponsors, is leading the charge in this arena with 360-degree crypto banking services.If you are looking to park your crypto and earn yield, you can make up to 12% annual interest for doing nothing. If you are looking for a loan, they have them for as little as 5.9% APR and you don’t have to sell your crypto which is a taxable event. Their credit lines are dynamic, meaning that as the value of your crypto goes up, so does your available credit. Really cool and innovative.Check them out HERE and put your crypto to work for you.Fear and greed are the two most common emotions that traders experience, and these account for most of the poor decisions that lose them money. Fear is often caused by trading with too much size, compounding the consequences of a bad decision. Traders often make mistakes when they are in too large of a position that they would not make otherwise. Fear is also common when you take a trade with little conviction — you know that you are in the “wrong” trade but are unsure how to escape. Fear is what makes us sell our winners too early and hold our losers too long.In the movie Wall Street, Gordon Gekko famously stated that “greed is good.” A certain amount of greed is necessary because it's required to make speculators want to trade in the first place. The downside to greed is that it causes traders to “chase the market,” or FOMO into bad positions. An example is buying after a large sudden move higher when the market is already overbought and demand is waning. Greed also causes traders to hold a position past their target, often failing to exit at the right moment, right before the price turns the other way.Do not let your emotions alter your plan. Gain control of fear and greed and you will become a profitable trader.I will be live streaming tonight with gigachad trader and HXRO exchange CEO Dan Gunsberg looking at long term Bitcoin price targets and more.8PM EST: https://www.youtube.com/watch?v=7PaovVGBRW0This newsletter is always 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.In This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsChart RequestsBitcoin’s HODL RatioBlackRock’s Pathetic Bitcoin TradeSEC Commissioner Hester Peirce Says Bitcoin ETF Coming SoonThe Wolf Of All Streets Podcast Ft. Peter WallMy Recommended Platforms And Tools
The Wolf Den #211 - Fear And Greed
The Wolf Den #211 - Fear And Greed
The Wolf Den #211 - Fear And Greed
Unless you’ve been living under a rock, you know that one of the most exciting use cases of crypto is to both earn yield and get low-interest credit loans, especially since you earn next to nothing in your actual bank account. Nexo, my amazing podcast sponsors, is leading the charge in this arena with 360-degree crypto banking services.If you are looking to park your crypto and earn yield, you can make up to 12% annual interest for doing nothing. If you are looking for a loan, they have them for as little as 5.9% APR and you don’t have to sell your crypto which is a taxable event. Their credit lines are dynamic, meaning that as the value of your crypto goes up, so does your available credit. Really cool and innovative.Check them out HERE and put your crypto to work for you.Fear and greed are the two most common emotions that traders experience, and these account for most of the poor decisions that lose them money. Fear is often caused by trading with too much size, compounding the consequences of a bad decision. Traders often make mistakes when they are in too large of a position that they would not make otherwise. Fear is also common when you take a trade with little conviction — you know that you are in the “wrong” trade but are unsure how to escape. Fear is what makes us sell our winners too early and hold our losers too long.In the movie Wall Street, Gordon Gekko famously stated that “greed is good.” A certain amount of greed is necessary because it's required to make speculators want to trade in the first place. The downside to greed is that it causes traders to “chase the market,” or FOMO into bad positions. An example is buying after a large sudden move higher when the market is already overbought and demand is waning. Greed also causes traders to hold a position past their target, often failing to exit at the right moment, right before the price turns the other way.Do not let your emotions alter your plan. Gain control of fear and greed and you will become a profitable trader.I will be live streaming tonight with gigachad trader and HXRO exchange CEO Dan Gunsberg looking at long term Bitcoin price targets and more.8PM EST: https://www.youtube.com/watch?v=7PaovVGBRW0This newsletter is always 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.In This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsChart RequestsBitcoin’s HODL RatioBlackRock’s Pathetic Bitcoin TradeSEC Commissioner Hester Peirce Says Bitcoin ETF Coming SoonThe Wolf Of All Streets Podcast Ft. Peter WallMy Recommended Platforms And Tools