Before I get to today’s headline topic, a few words about the “Saturday Night
Massacre” in BTC & the alt-coins … it was fast, vicious, and welcome to 20%+
declines in a matter of a couple of hours … welcome to crypto! … 2 points I want
to bring up … 1) when the entire world gets too long anything, what happens, is
crypto somehow different and above the laws of investment / trading physics?
… err, no … and when MOMO builds to the downside and rats start fleeing the
ship via sell stops, what happens to said sell stops? … forget the cranks on the
internet talking about why it happened … it happens cuz humans are
trading / investing based on … wait for it … “fear & greed”! … it has always been
such, and always will be such, so don’t be surprised when it happens … 2) I have
always been and will always be a scalper / short-term trader … I don’t pretend
I’m something I’m not … Nobody is a “guru”, and all of the high priced talent
making millions at the criminal outfits on Wall Street, are no better than you or
me when it comes to predicting the future … and so, I break things down to the
“microcosm”, and gauge very short term factors I can see & read that give me a
probability advantage over others … I seek out markets that are volatile, cuz in
volatility you’ll find the best & most opportune trading conditions for making
money … it’s as simple as that … and over the very short term, YOU control the
horizontal & YOU control the vertical, and after you book some coin, YOU can
walk away from it all, sleep at night without worry, and come back at it the next
day without prejudicial bias cuz you’re NOT emotionally invested … and in FREE
markets [NOT the horseshit manipulated stuff], like markets used to be and are
now available in crypto, you play the crowd and use the “fear & greed” universal
principles that guide them to your advantage & profit!
Today, over on places like YouTube, the “Crypto Gurus” are busy spinning out
bullshit to the masses, like they have any clue about trading psychology or
probability theory that CONTROLS EVERY MARKET [2 years ago, many of them
still lived in Mom’s basement] … hoping to get “clicks”, they spin & spin trying to
get subs who will listen to their “chicken cackling”, like it matters … guess what?
… it doesn’t matter … all FREE markets rise / fall on the “wall of worry” that
something COULD happen to cause them to lose money, and when they are
finally CONVINCED there is no worry left, they FOMO into it like lemmings over a
cliff … and at some point, what happens next is inevitable cuz
TRADING / INVESTING IS A ZERO SUM GAME … NEWS FLASH!, somebody has
to lose, not everybody wins and gets to sell the top … in other words, “not every
dog gets to ride on the fire truck”! … pay attention to what you can control.
When I was on the trading floor many blue moons ago, I would have NEVER
dreamed possible what we see today … the concept of crypto, NO KYC
brokerage accounts, the slow motion train wreck of the financial demise of the
U.S., and the complete adoption of electronic trading and the movement of
money at the speed of light … there are many more to be sure, but these come
quickly to mind … financial freedom is not a “final destination”, it’s a process
that continually evolves and DEMANDS your constant attention & devotion … if
you don’t bother to look after your wealth [a/k/a “your best interests”], why would
you expect anybody else to? … we live in an era of unbelievable technological
change, and nowhere is that more profound than in trading … hell, 1 - 2 years
ago, none of this existed! … now, it’s becoming mainstream! … and the options
available to you, have NEVER been such as to give you the OPPORTUNITY that
lies before you … if you're not on the “Road To Wealth”, what frickin’ road are
you on?
But when it comes to trading, there are barriers that must be overcome … over
the last couple of years, many of these barriers have been smashed into dust,
but some linger … the very nature & concept of crypto, is anathema to traditional
investment / trading finance … crypto demands privacy, anonymity, & security,
yet traditional trading demands to know everything about you, including your
identity … why? … what does my “identity” have to do with me trading my own
money? … and here we go down the road to governmental control, with
Apparatchiks wanting overlord control of what you can & cannot do, just in case
you’re Pablo Escobar, or any other number of “straw man” evils they deem not
acceptable … what utter horseshit, it’s none of their “Hoover Dam” business!
I wrote on Friday about investigating the possibility of forming a hedge fund to
trade crypto … however, the very process of creating one defeats the purpose
and intent of crypto … lawyers, accountants, government bureaucracy, and
registration of participants … maybe there’s a solution, but I haven’t found one
yet that meets my satisfaction for “passive” people participation on a number of
different logistical levels … they are either too slow, too costly, or both, and that
robs performance “bigly & yuge” … but, I’m still looking & investigating in my
spare time.
So for the time being, from my perspective, the most practical solution is what
comes May 2, when I release the algorithm … and while the algorithm is indeed
important, cuz it is the mechanism by which we trade crypto and make trading
decisions, there is another equally important set of criteria that nobody should
ignore … and that is joining my upcoming PATREON group for $5 per month [or
more if you like!], and getting live chat, email support, and a bunch of other
digital media that’s in the works … I plan on being in the chat room from about
4 AM EST [New York time] - around 2 PM EST … that’s about 10 hours plus or
minus some minutes, and that doesn’t include some Asian session time when
crypto “spirits” come alive & are moving … so not only will I be able to give
support as markets are moving, but I’ll also post my trades in real time, as I’m
doing them for “The Syndicate” … the benefit for you isn’t in the fact you try and
copy the trade ASAP, cuz that will inevitably involve a time delay, and most likely
get you a rotten fill, so I DON’T RECOMMEND DOING THIS! … instead, the
benefit comes from you “seeing the trade”, and understanding the trade based
on the algorithm you’ll have in your hands … and it won’t take long before you
are trading milliseconds around the time I am … and then taking the money when
the “buy fuel” comes in from the usual suspects [no, not the scumbag banks cuz
there are none in crypto … “buy fuel” comes from panicked spec shorts, who
figure things out a second or two AFTER we’ve gotten long, and then hit the
buy button … take thousands / maybe millions of ‘em at once as a collective
group, and you got the needed volatility FREE markets enjoy! … this Ladies &
Gents was exactly what pit trading was all about before it perished.]
As you can see, this isn’t “passive” at all … YOU GOT TO BE ENGAGED!
… instead of me managing the money inside “The Syndicate”, and paying me my
pound of flesh, you open & fund the account and do the trading yourself and
ONLY PAY $5 PER MONTH … this is as great a deal as you can find for the price,
cuz as I’ve said before, I’m not in this for your money, I’m in this to help people
trade for a living and enjoy life via financial freedom … if I was in it for the money,
the price would be $100 / mo. or maybe more … but understand, I got to do
something about “tire kickers” who eat up time & resources and have no
intention of trading, period … absolutely nobody benefits from that scenario,
and if you’re gonna sit there and tell me $5 / month can’t be done cuz it’s too
much, then here’s my NEWS FLASH: “you’re nuts … anybody can do this if you
want to make money … anybody!” … so, bottom line is you control your own
money, you set your own volume totals, you decide how much to start with … I
provide support and trading experience to keep you humming along making
money … can you make a living trading crypto? … absolutely! … it’s solely a
function of how much you start with, and how long you want to stay and trade at
your computer screen, and how much you can realistically expect to make given
your capital & time available to you … want to make a lot? … then DO what’s
necessary, and stop frickin’ around like it’s some kind of “hobby”.
In other words, this is what trading was all about back-in-the-days of “pit trading”
futures, when markets were FREE & volatile [just like crypto is now, but not as
much], and NOT the bags of flaming dog poo they are today cuz of overt
government manipulation via the scumbag LP banks, as they openly manipulate
volatility across time zones to screw retail spec traders … and while the
algorithm supports MT4 markets cuz who knows what the future holds, and I’ll
offer support for them, do NOT be under the illusion they can make you money
like crypto can … they CAN’T! … you want to make a good living trading? … then
trade crypto, especially the alt-coins between $0 - $5, cuz they are even more
volatile than BTC and/or ETH, and the volumes and liquidity are AWESOME!
And before I get hundreds of emails with the obvious question, “Well OK, how
much would I need to start, in order to make a decent living”?, let me first make
some general observations … 1) right now many [dozens] of the alt-coins are
going “nutso”, both up & down … and while it’s great VIX is “off the charts”, at
some point in the future VIX is bound to slow some … even so, I’d be thrilled if
crypto VIX were ⅓ [one third] of what it is today! … the algorithm would still be
literally “nailing” these coins to the barn door in terms of profits … what we can’t
have, is what you see in FX over on the MT4 platform, where VIX is scraping
along at 50 year lows in terms of VIX, and there are literally ZERO signs the
manipulators ever let it recover … quite frankly I find this probability event in
crypto, akin to getting hit by lightning on a sunny day … 2) generally speaking,
using conservative guesstimates about your trading “style”, if your trading 6 - 8
hours per day and following the algorithm, and if IVIX [intraday volatility] holds
at acceptable levels [not a problem these days for sure], whatever you fund your
account with in terms of dollars, your first months of trading, will most likely be
HIGHER THAN about 20% - 30%+ … not a promise or guarantee, simply a
guesstimate, and it could be MUCH HIGHER OR MUCH LOWER THAN THAT
… and from that you build your account higher so your volumes can increase
… and 3) I have no idea what “decent living” means to you … do you live in
Manhattan, New York or Manhattan, Kansas? … it kinda makes a difference!
… so, bottom line is, with about 5K in a trading account, somebody could make
enough trading crypto to say it’s time to leave the “Pudding Business” & live a
modest normal life.
I don’t want to regurgitate verbatim from the algorithm manual, but there is an
important concept traders absolutely cannot overlook or ignore, CUZ IT MAKES
A “BIGLY & YUGE” DIFFERENCE FOR YOUR ACCOUNT … and one that indirectly
affects whether or not your account [and income] grows like it should or doesn’t
… and that is the “COST TO TRADE” … you MUST trade crypto pairs [or anything
else for that matter] that 1) have good to excellent volatility, 2) have good volume
& liquidity, AND 3) razor thin bid/offer spread with either very little “gas fees”
[commissions] or NO FEES … these are the pairs to trade, and leave everything
else alone! … it’s ALL 3 OR IT’S NOTHING!
You identify & trade these coins, and the algorithm will make you money over
the course of the day from scalping … for example, right now my favorite coin
is TRON [TRXUSDT] … and I’m not even considering the volatile Asian session,
simply the European session, running into the U.S. session and going to about
2 PM EST … about 10 hours or so … and from that, here last week, the algorithm
had about 10 - 25 buy signals [depending on the day] per day, and out of that
bunch there was only one trade that showed a small loss … now, it could get
better than that, or it could get worse than that, but when volatility is good to
excellent, making money is a function of spec FOMO and “fear & greed” … and
this is almost all spec money … NEWBIES WELCOME! … and all over the world,
small, medium, and large spec accounts are gravitating to crypto in droves, cuz
it’s where the action is … 24/7/365 with very little down time [mostly New York
afternoons the slowest], and no matter where you live or when you want to trade
[other than New York afternoons], you can expect a vibrant & volatile market
… what I love about TRX are 1) its razor thin 0.00005 spread about 95% of the time,
no matter the movement, 2) ZERO TRADING FEES at PHEMEX in spot, and 3) oh
baby, does this thing move, and that means excellent scalping conditions
for profit!
So, for 16 CENTS PER DAY, you get ALL OF WHAT’S COMING! … if you’re
serious about making a living trading, then this is a “no brainer” … I’m pretty sure
ALL OF YOU reading this piss away $10 - $20+ per day on useless & worthless shit,
and don’t think twice about it … so, you’re gonna complain about 16 CENTS PER
DAY, for some reason, for something that actually makes financial freedom
possible? … “OK, buh bye Felicia”.
… outta here, onto the week … until tomorrow … “the future’s so bright I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
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