Daniel Jeffries discusses the biggest mistakes he has made as a crypto trader, and the most important things he learned from the most successful traders.
This is part 2 of our interview with Daniel Jeffries, an author, futurist, and serial entrepreneur. In this episode we talk about hard learned lessons and failures in trading, and necessity of developing the ability to see clearly and get objective information.
What we cover in this episode:
- Hard lessons for new traders
- Importance of letting go, and how delusional the human mind can be
- The subjects a person should study deeply to be good in trading
- How asymmetric distribution and process of information affects the mind
- What makes it impossible for us to see the patterns that are in front of us
- Developing a habit to go with the indicators and turn them into an algorithmic process
- Managing emotions as a tool among most brilliant traders
- Approaches suggested by the biggest minds in trading
Mentions and Resources:
- Daniel Jeffries on Medium
- Daily Posthuman podcast
- Market Wizards, a book by Jack Schwager
- Jordan Greenhall
- Jesse Livermore, trader
- Paul Tudor Jones, trader
- Ed Seykota, trader
- Crypto Radio’s Thought Leaders Series