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“It was the change in my own attitude toward the game that was of supreme importance to me. It taught me, little by little, the essential difference between betting on fluctuations and anticipating inevitable advances & declines, between gambling & speculating.” “It’s a bull market, you know.”
Great video, I'm currently starting a demo in forex, I've been do crypto for 2 years now. It seems so different. I'm struggling with the differences enough I almost don't know if I can switch.
I think ultimately you have to trade and know the particular market and follow the catalyst ie news , stop losses set reasonable to regular movement not to wide , dont hold the losers
In cryptocurrencies, 90% of the markets (excluding the stable coins which are pegged to the dollar or other fiat) are moving up and down with Bitcoin, except more in terms of percentage so that has a bigger impact, kind of like leverage trading so switching markets doesn't help much since all coins move up or down together, on exchanges with lots of liquidity.
I get the point, but I have the same problem just trading one market. I find markets can change their behaviour at the drop of a hat? One minute I'm in tune with it and the next minute I'm floundering. Do you have any thoughts Mark on being flexible? Thanks.
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
“It was the change in my own attitude toward the game that was of supreme importance to me. It taught me, little by little, the essential difference between betting on fluctuations and anticipating inevitable advances & declines, between gambling & speculating.” “It’s a bull market, you know.”
Great video, I'm currently starting a demo in forex, I've been do crypto for 2 years now. It seems so different. I'm struggling with the differences enough I almost don't know if I can switch.
I go where money's flowing:) thanks for sharing
I think ultimately you have to trade and know the particular market and follow the catalyst ie news , stop losses set reasonable to regular movement not to wide , dont hold the losers
I think trading is a art form I would to see a master at work
In cryptocurrencies, 90% of the markets (excluding the stable coins which are pegged to the dollar or other fiat) are moving up and down with Bitcoin, except more in terms of percentage so that has a bigger impact, kind of like leverage trading so switching markets doesn't help much since all coins move up or down together, on exchanges with lots of liquidity.
Yep one of my edges is use the BTC pairing charts for entrys on Fiat pairings. I don't know how you could trade crypto without it
I get the point, but I have the same problem just trading one market. I find markets can change their behaviour at the drop of a hat? One minute I'm in tune with it and the next minute I'm floundering. Do you have any thoughts Mark on being flexible? Thanks.