/biz/ - Business & Finance

Well, that was fucked up.
My prediction was right.
Teeka called a coin that was a high marketcap such that his actual subs can get in safely below the buy up to price.
Fake leaks and hints about power coins, pot coins, Teeka is playing 5D chess.

What have you learnt? WAIT FOR THE ACTUAL CALL!

https://discord.gg/PZuzs7

People of Biz.

You realise that for somebody to make a profit trading crypto, somebody else has to make a loss.

Right now, the majority of you are making losses.

Stop day trading. Face it, you have no idea what you are doing.

Buy coins you believe in, get on with your life, and hold. Invest what you can afford to lose.

If you make a loss, do not chase trades trying to make it back. The good trades should come to you, not vice versa.

With the upcoming fork, its a good opportunity to make back some of your losses. Put some money into alts you believe in after the fork. Hopefully you can make some losses back and then start to trade intelligently.

How to avoid buying at the top: Look at the fucking chart. If its going parabolic, its probably not a good time to buy. I can't believe how many people buy into shit thats going parabolic; no wonder you lose money.
The only exception here is Bitcoin. That is always a good buy. Bitcoin is a fucking honey badger, remember that.

You know, that Teeka guy from PBC is a cunt. But, he does say one thing that is very true: Put around $500 into coins you believe in and forget about them. If you lose out, big deal.

Remember, when you day trade, you are trading against professionals. People who know more than you, have more power, have more funds and have more experience. You are giving money to them by thinking that you can just turn up and do it too.

Let the trades come to you. Do not overtrade. Do not chase trades because you've made some losses.