Active Trading vs Passive Trading





#bitcoin #crypto #cryptocurrencies
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22 replies
  1. JHawksNumbr1
    JHawksNumbr1 says:

    One thing that I think is important to add is the "95% of traders fail" saying is for traders that are using brokers. The margin for error is extremely low when as a retail trader you're paying 7+ dollars a trade or sometimes even more if you're using more expensive brokers. With cryptocurrency, there really is no broker. The trading exchanges do charge for trading but the percentage is so low ( 0.1% in and out ) that it's effectively non existent. So for this reason, I think people would have MUCH more success trading crypto than they would in traditional brokerage markets simply because the broker isn't eating up all your capital in trading fees.

    Reply
  2. Der Kong
    Der Kong says:

    Just sold all of my bitcoin. My fears…
    1. quantum computers able to break crypto security.
    2. Centralized control by China
    3. Possible outlawed by US government
    4. Every single transaction is a tax issue and it makes things very complex and open to an IRS screw job.
    5. Not private, every transaction is tracked.

    I could buy back in if some of these fears are addressed.

    Reply
  3. JP H
    JP H says:

    Large volume day trader here: Nick is right. There’s three gauntlets new day traders face: 1) Learn to lose your money with grace or you will fail. 2) Learn to stop losing your money on garbage trades. 3) Learn when to take profit and roll it over or repeat step 1. Repeat this again and again and again. 9-15 hours a day is all it takes to nail 15X.

    Reply
  4. William Miller
    William Miller says:

    Good advice. Better to hodl longterm with crypto (especially bitcoin).
    Only thing I ever made any real money in was trading Forex with CFD's before they shut it down (I once was able to trade $BTC directly for CFD Forex, but Dept of Justice shut the place down).
    I was doing really good with it, my strategy was correlating news cycles about various world economies/currencies then either shorting or doing 2 hour-8 hour type intervals (risky with CFD's, especially at 10x or 100x, but can be done).
    So the one thing I was really good at, it went away (never opened a 'traditional' Forex, too much kyc/aml required).
    Anyway, thanks as always for the good info/videos, you are one of the few I make sure and catch every episode of 🙂

    Reply
  5. Judit Erdy
    Judit Erdy says:

    I have a friend who follows a trading signal group and does very well .Now he lends part of money made on those trades to have a different income stream .It keeps one mentally active and gives pride of achievement .I wonder if it is more realistic to trade and make money this way..

    Reply
  6. Memyself Here
    Memyself Here says:

    Well, I'm defo passive I bought at the high end at about 12.4K BTC… lol have under 5 coins but a nice holding in it. I usually have just gave to JP Morgan and forget about. Feel I suffered from FOMO and some of the hype… Live and learn and hope it hits super high highs next 5 years. Anyways nice videos thanks..

    Reply
  7. Tom D
    Tom D says:

    95% losing traders is very similar stat to losing poker players. The majority just don't have the patience. They don't have the time to study what they are putting their money into. They treat trading and poker as just gambling.

    You need to find your edge and keep ahead of everyone else in all endeavors that have risk involved!

    Reply
  8. Crypto Mass Adoption
    Crypto Mass Adoption says:

    Traders are traitors. If you are here to make cash (FIAT) then you have not understood anything about the revolution that is going on. Initiate rather initiatives to ship newcomers. Me here, I insite the waiters in the bars / restaurants / hotels to receive tips in ADA. Yoroi to Yoroi / peer2Peer transaction. This is concrete and feasible today. No need to wait for Plutus or Shelley to do that.

    Reply

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