This newsletter is sponsored by Bitget! Bitget is the best crypto exchange for both spot and leverage, world’s largest crypto copy trading platform, and the official partner of Juventus Football Club. They are offering my subscribers up to a $3000 bonus for signing up. You can find out more by clicking here!Some of the best traders that I have ever met only trade a single asset.If you have ever dabbled in Forex, you will find these people - fixated on a single pair and oblivious to every other unrelated asset in the world. They identify as such - I am a EUR/USD trader, an AUD/JPY trader, etc.In the crypto market, there are plenty of traders who have made millions only trading Bitcoin with leverage, completely ignoring altcoins and legacy markets. Then there are those who solely traded a single altcoin through 2017 and made generational wealth. I had a friend who only traded $AION and turned thousands into millions focusing on this single coin.There are a lot of ways to skin a cat as a trader. There are endless opportunities for profit on thousands of assets and equally endless strategies for trading them. This can be a problem, especially in crypto where the casino never closes and there’s always a coin that is pumping harder than the one you are trading. It’s emotionally exhausting and inevitably causes FOMO.This phenomenon isn’t just unique to trading. Investors are also susceptible to hyper-focused strategies. I know investors who have been Tesla bulls for years with no concern for other sectors outside of what affects their stock price. As far as crypto, many of my friends will only ever touch Bitcoin and that’s okay. At the end of the day, it’s about staying profitable and doing what you do best. I want everyone to have the opportunity to open their eyes to trading, investing, diversifying, etc. but will never knock a winning strategy no matter how contrarian or odd it may be. Right now, certain NFTs are pumping and beating almost every crypto asset on the market. It can be tempting to compare your gains to what a particular NFT is doing and leave you wondering why your promising coin is being outperformed by a fluffy cat JPEG. These thoughts are normal, but acting on them can cost you a lot of money.So if you are overwhelmed with the amount of opportunity, then find a few assets that you prefer and study their price action and fundamentals. Get to know them better and focus on making money trading them. Eliminate the noise of crypto Twitter and other traders screaming about huge green candles on other coins - they become irrelevant to you if you are focused. This will inherently force you to slow down, waiting for the right opportunity to enter an investment or take a good trade on a chart that you know like the back of your hand. You will likely trade and invest less and make more. Everyone has a different approach - find one that works for you. If you are always jumping in and out of coins and “missing out,” this may be worth trying.In This Issue:Trade Less To Make MoreBitcoin Thoughts And AnalysisLightning Strikes Mainstream AdoptionBitcoin Friendly Regulation In The Works In Three More CountriesUFC Will Offer Bitcoin To FightersMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #474 - Trade Less To Make More
The Wolf Den #474 - Trade Less To Make More
The Wolf Den #474 - Trade Less To Make More
This newsletter is sponsored by Bitget! Bitget is the best crypto exchange for both spot and leverage, world’s largest crypto copy trading platform, and the official partner of Juventus Football Club. They are offering my subscribers up to a $3000 bonus for signing up. You can find out more by clicking here!Some of the best traders that I have ever met only trade a single asset.If you have ever dabbled in Forex, you will find these people - fixated on a single pair and oblivious to every other unrelated asset in the world. They identify as such - I am a EUR/USD trader, an AUD/JPY trader, etc.In the crypto market, there are plenty of traders who have made millions only trading Bitcoin with leverage, completely ignoring altcoins and legacy markets. Then there are those who solely traded a single altcoin through 2017 and made generational wealth. I had a friend who only traded $AION and turned thousands into millions focusing on this single coin.There are a lot of ways to skin a cat as a trader. There are endless opportunities for profit on thousands of assets and equally endless strategies for trading them. This can be a problem, especially in crypto where the casino never closes and there’s always a coin that is pumping harder than the one you are trading. It’s emotionally exhausting and inevitably causes FOMO.This phenomenon isn’t just unique to trading. Investors are also susceptible to hyper-focused strategies. I know investors who have been Tesla bulls for years with no concern for other sectors outside of what affects their stock price. As far as crypto, many of my friends will only ever touch Bitcoin and that’s okay. At the end of the day, it’s about staying profitable and doing what you do best. I want everyone to have the opportunity to open their eyes to trading, investing, diversifying, etc. but will never knock a winning strategy no matter how contrarian or odd it may be. Right now, certain NFTs are pumping and beating almost every crypto asset on the market. It can be tempting to compare your gains to what a particular NFT is doing and leave you wondering why your promising coin is being outperformed by a fluffy cat JPEG. These thoughts are normal, but acting on them can cost you a lot of money.So if you are overwhelmed with the amount of opportunity, then find a few assets that you prefer and study their price action and fundamentals. Get to know them better and focus on making money trading them. Eliminate the noise of crypto Twitter and other traders screaming about huge green candles on other coins - they become irrelevant to you if you are focused. This will inherently force you to slow down, waiting for the right opportunity to enter an investment or take a good trade on a chart that you know like the back of your hand. You will likely trade and invest less and make more. Everyone has a different approach - find one that works for you. If you are always jumping in and out of coins and “missing out,” this may be worth trying.In This Issue:Trade Less To Make MoreBitcoin Thoughts And AnalysisLightning Strikes Mainstream AdoptionBitcoin Friendly Regulation In The Works In Three More CountriesUFC Will Offer Bitcoin To FightersMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO