I was looking at some top caller here. And FOMO got to me when I saw one of their recent call.
Their calls had been amazing. (winrate of 80% ?) Would link it but I couldn't find it anymore.
And me being someone who doesn't understand crypto (even the mainstream ones), couldn't resist the possibility of a 2x - 3x trade.
However, I had instant regret after entering because I did zero analysis by myself. (maybe I just saw a massive flag and was dreaming for a major breakout)
The irony is, had I done my own analysis, I wouldn't even be in the trade, my entry would not be hit.
And as with all the trades I've missed, I want to try to at least understand a little.
And it bothers me a lot that my trading criteria filters out so many workable trades
AND, they don't seem to protect me from plenty of failure trades.
The issue with just looking at patterns in charts is you don't get the whole picture. The reason why Tfuel is doing well right now, has nothing to do with anything in the history of the chart. Assuming Theta & Tfuel is just another crypto will also fail to ascertain why it is going up.
Best compared to the Tech Bubble in the '90s, Theta Labs is actually doing something with the technology. The crypto aspect of it is only facilitating what they are doing. Which back in the day the successful launch of Windows Operating system would send shares of Microsoft up and vice versa. There are no shares to buy in that sense, it is melded into Crypto, and if it helps you can think of a Theta Token as a share in Theta Labs. That analogy falls short when it comes to Tfuel, because it would be like saying Microsoft will only allow access to the Windows Operating System if they pay them in MicrosoftFuel. Essentially the currency of the system.
So we're on a bold new frontier here, a merging of IT with Crypto with a dash of the stock market. Because of this Traders often don't get it, Stock Brokers don't get it, IT people don't get it, and Crypto people don't take it as a legit crypto.
It is fairly unique in the field and because of this, you need to understand multiple ways of viewing it. Those who can, got in so early, they are retired now and I honestly don't think it has really started.
Best compared to the Tech Bubble in the '90s, Theta Labs is actually doing something with the technology. The crypto aspect of it is only facilitating what they are doing. Which back in the day the successful launch of Windows Operating system would send shares of Microsoft up and vice versa. There are no shares to buy in that sense, it is melded into Crypto, and if it helps you can think of a Theta Token as a share in Theta Labs. That analogy falls short when it comes to Tfuel, because it would be like saying Microsoft will only allow access to the Windows Operating System if they pay them in MicrosoftFuel. Essentially the currency of the system.
So we're on a bold new frontier here, a merging of IT with Crypto with a dash of the stock market. Because of this Traders often don't get it, Stock Brokers don't get it, IT people don't get it, and Crypto people don't take it as a legit crypto.
It is fairly unique in the field and because of this, you need to understand multiple ways of viewing it. Those who can, got in so early, they are retired now and I honestly don't think it has really started.