whenever I'm wrong on this app, I admit it fairly, and get 'dunked on'
but whenever I'm right, people naively say: "yeah but all you do is trade moving averages. that's so easy"
I don't take offense; I was once that clueless too.
depending on what chart you're looking at, it's sometimes incredibly difficult to argue against that naive assumption.
because sometimes the market is so damn kind that it decides to abide by rudimentary concepts, and the simplest of systems proves to be 'pure alpha' without any nuance or discretion even necessary:
Exhibit A:
Exhibit B:
Exhibit C:
but anyone that's ever thought this way has eventually been humbled by the market.
markets are not easy, now or ever.
and "all men have the brainpower to make money in markets; not all men have the stomach."
if you've paid attention for long enough, I feel I've been able to prove my skillset is not so rudimentary, with more nuanced takes on the market: even when sentiment was seemingly favorable, the posts coming from my feed were still "do nothing / not the environment to bet big / know the difference between dips and downtrends / this is a relief bounce, not a rally / etc,"
however, one day it becomes difficult to refute these naive assumptions once again on the crypto market
as it often is:
and when that day inevitably comes, the % gain for applying even the most basic of principles will be magnitudes higher than other markets
that's why you're still here.
eventually a good-character that is praised for only ever making a post once a year comes back to tell us: 'survive so you can thrive' in the form of a lengthy article
and crypto participants are left astonished at that profound wisdom.
I suggest you simply carry that mentality with you the other 364 days out of the year as well.
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whenever I'm wrong on this app, I admit it fairly, and get 'dunked on'
but whenever I'm right, people naively say: "yeah but all you do is trade moving averages. that's so easy"
I don't take offense; I was once that clueless too.
depending on what chart you're looking at, it's sometimes incredibly difficult to argue against that naive assumption.
because sometimes the market is so damn kind that it decides to abide by rudimentary concepts, and the simplest of systems proves to be 'pure alpha' without any nuance or discretion even necessary:
Exhibit A:
Exhibit B:
Exhibit C:
but anyone that's ever thought this way has eventually been humbled by the market.
markets are not easy, now or ever.
and "all men have the brainpower to make money in markets; not all men have the stomach."
if you've paid attention for long enough, I feel I've been able to prove my skillset is not so rudimentary, with more nuanced takes on the market: even when sentiment was seemingly favorable, the posts coming from my feed were still "do nothing / not the environment to bet big / know the difference between dips and downtrends / this is a relief bounce, not a rally / etc,"
however, one day it becomes difficult to refute these naive assumptions once again on the crypto market
as it often is:
and when that day inevitably comes, the % gain for applying even the most basic of principles will be magnitudes higher than other markets
that's why you're still here.
eventually a good-character that is praised for only ever making a post once a year comes back to tell us: 'survive so you can thrive' in the form of a lengthy article
and crypto participants are left astonished at that profound wisdom.
I suggest you simply carry that mentality with you the other 364 days out of the year as well.