Above the desk of one of the greatest traders of all times, Paul Tudor Jones, is a piece of paper stuck on the wall with the words written "LOSERS AVERAGE LOSERS". Wow this is powerful stuff people especially when one of history's greatest "Trend Trader" has this above his desk to keep him focused. But what does this mean? Why is this important to understand? Are...
I am ever so grateful that many of the responses and messages I get are from Investors from 18-30. As my grandmother used to say "tickles me pink" to see you saving for your future. At least that's what you should be doing. I understand from experience that when you are just starting out you do not have a lot to invest, but you want to. This is a good thing;...
In almost every post I have stated the MOST Important tool in any traders tool box is the TREND! I cannot emphasize this enough. I even posted an update yesterday on how you can trade the trend void of EW and Fibb. They are only add-ons, and not the main tool. I see there are more opinions on the direction of Bitcoin then there are charts on TV (ok i'm old school...
Well it appears that we have weeded out the weak hands, and are ready to run with the bulls this morning correct? I mean nothing like waking up and seeing the market on an upswing, accounts popping so let's throw in some more cash as we might miss the next run right? No! I'm not so sure the bears have gone back into hibernation just yet. We may want to make a...
I want to make it painfully clear the difference between trading and investing. I am an investor for the long haul in cryptos. I have diligently chosen 6 coins I do not intend to sell unless something fundamentally changes about one of them. These are 2-5 year+ holds for me. Agree or disagree, from my experience I know that a solid portfolio out performs...
As we enter the final phases of correction, we have not heard much on OmiseGo or NEO. Been awful quite on the news front, as many have sold which to me provides an ample opportunity to buy. Yes rising tides raise all boats but some rise faster than others. I was looking at my chart of core holdings and noticed that OMG and NEO have quietly out performed the...
Some have asked about NEO and to provide an update. Fortunately it is relatively easy as I keep notes on all my holdings in chart form. Attached is the cleaned up version. You should also have notes and charts saved for your core coins so you are not recreating the wheel every time, it also improves your TA when you can go back and see what you were thinking and...
I have been following ETH to see how it reacted in response to Bitcoin's correction cycle prior to posting this update. I have looked at several different Elliott wave charts and many of them are showing we have completed the correction and are headed higher from here. I'm not so sure about this. Please note I am not a EW expert by any means, many are better at...
Finally after waking up to dire returns there is a breath of life in our portfolios! Yes, let's back up the truck right? NO. Though we completed the first midterm cycle correction, we in theory just finished the A leg of the longer term cycle. We must keep in the back of our mind, that there are always longer term cycles happening and we need to insure we know...
Kore coin is an interesting coin. From a TA perspective it's a pretty easy trade and was one of our first blogs. That is correct it has more than doubled since we first posted about it less than a month ago with a 0.001032 target price. It has been a consistent trade, and it is time to take my money and profits off the table. But why would we not hold any of...
It has been a long week and nothing hurts more than seeing your account down 20-30% or more. It's heart wrenching at times, and most of us, including myself, felt the urge to just sell and get out of the market. This is where hindsight comes in. I shouldn't have sold! I want to address a couple things as I often am asked the question where should I buy, where do...
Yesterday one of the top CEO's in the world came out and pretty much hammered bitcoin. Every news blog raced it across the headlines. Jamie Dimon Call Bitcoin a "fraud", related it to the tulipomania where tulip contracts bubbled and popped in the 1600's, and warned that "Someone is going to get killed". Seriuosly? Sounds like strong words. Why when many on...
If you have been following me I have mentioned over and over the importance of having good quality coins, as market corrections tend to weed the weak from the strong. We have all been expecting a correction in Bitcoin, and like tides, lower tides lower all ships. It appears we are entering a new moon. So how do we profit from this? I'm do not recommend shorting...
As my other coins seem to be recovering nicely from the market correction, Neo has become a laggard. I wrote yesterday that when everyone is calling for a pullback,and most are negative on the market, this is generally the signaling point we have hit bottom. So we take this as an opportunity to trim off the fat in our wallets and adjust our holdings for the...
Vitalik Buterin was allegedly quoted in saying 90% of coins will cease to exist and fail. Wow coming from him (if this is true) this is a red flag to us that we must be cautious on what we invest into. A lot of traders trade the news, so if I was doing a pump and dump, I would be forefront in the news, providing updates on twitter, pumping up the coin on sites,...
When we look at the fundamentals of a coin, there are very few other than longevity, application, Team, and most importantly, is there a current application or is it still in development. GEO was my first alt-coin I bought for speculation, but maybe it's not speculative anymore. We see coins with promises, timelines for development, and alledged "contributors or...
I wrote yesterday that I appreciate the many coins people have requested for me to review. I'm putting together a Team that I want to win championships with. I get sent many potential players to the field to see if there is any potential. Yes just like coaches that assess players we assess coins. Well of all the coins I have looked at, Metal metal quickly made...
Interesting comparison I was looking at before I go to bed. I thought some of you may like it. Just confirms why OMG is the largest holding in my portfolio now. I have compared all of the coins people ask me to review. I may not have posted on them yet, but I do a very quick review. I hit compare and see how it has done compared to OMG. I have yet to see one...