fine tuning

This year (2020) we trade. We finally found the right way to do that! It takes time.

That's crypto!

What you see in the picture above is taking place all the time. Crypto is a pump & dump market. It is a highly volatile extremely manipulated market.Whatever anybody says about bitcoin: at 10K we put in a stop loss at 9.9K , at 10.1K at 10K and so on. We don't look at prices and long term expectations anymore. We follow the moves - because it moves!

We stopped investing and started trading. With a lot of discipline. Taking profits, taking losses. Not biased about what we trade: we just watch short term patterns. No FOMO.

Updates, the battle of the chains, the Corona virus, mass adoption, unbanking the unbanked, money of the future and all other news: we have a selection of news sources, but do not react on news unless is it confirmed by charts. Some pumps are predictable. It' s good to know what goes around. We are not in it for the tech and not for the ideology. In our view it is impossible to predict anything in this market that exceeds the time span of a couple of days.

It is a matter of (personal) economics. We spend a lot of time the last years to understand projects and be in early. We learned a lot, but conclude that we wasted a lot of time. We ended up learning how to trade and analyze the specifics for crypto. That works - not spectacular but steady and profitable.

Sure we hope one day our money, the money of mankind, is immune to manipulations of states and banks. Crypto/blockchain however is still a very experimental space and constitutes less than 1% of money going around. It is far from being either disruptive or revolutionary. There are good projects with still very uncertain outcomes. Not enough to take big investment risks, but rewarding to trade and follow.

<br /><center><hr/><em>Posted from my blog with <a href='https://wordpress.org/plugins/steempress/'>SteemPress</a> : https://cryptmove.com/2020/02/23/fine-tuning/ </em><hr/></center>