Guys Let's All Get Rich - Are You Ready?

Afro_Vacancy · Dec 22, 2017

JeanLucBB said:
CMC markets is much better at least in Australia but not sure about the international stocks availability on it elsewhere.

What makes it better?

JeanLucBB · Dec 22, 2017

Afro_Vacancy said:
What makes it better?

Lower fees, better interface, better data offerings, connection to a CFD (leveraged trading) platform, technical analysis charting options, etc

Rudiger · Dec 22, 2017

macaroni said:
I think you guys will do very well with Crypto. Actually, i think @Afro_Vacancy can probably become a millionaire trading crypto with his analytical and methodical mind, i really believe it. I wish only prosperity to my bald/ing brethren!

Afro? What about me sensei

David is a beta trader who wants to sell ASAP.

No I agree, he has that sort of potential in difficult problem-solving (and I'm just going with gut instinct, which is why I won't last forever in this sort of game). It's up to David what he wants to do but I was a little disappointed it seems he wants out (although I was saying similar only a week or so ago).

Rudiger · Dec 22, 2017

@macaroni @JeanLucBB are you seeing what I mean about ETH and LTC's amazing similarities? They're even always within a half of a percent difference in daily fluctuations pretty much constantly, I just find it absolutely bizarre that the graphs are near identical. Why is that?

Afro_Vacancy · Dec 22, 2017

I'm smart enough to know that I'm not smart enough to do well at this unless I go in with full energy, maximum effort, with many hours of research. That's because there are many experts, many other intelligent people, and it would take me a long time to catch up. What I'd like to to do is to set everything up in a relatively decent manner, and then to put minimal effort into it at the cost of better psychological health and more time for other things.

rclark · Dec 22, 2017

sunchyme1 said:
suck my dick

Best answer ever!

rclark · Dec 22, 2017

DoctorHouse said:
@Wolf Pack, what happened to JeanLucBB? He is one of most valuable posters on here. He has really given me some great advice. He is my financial advisor too.

He's BROKE, living in a TRAILER, and is taking FACEBOOK donations to get money!

Rudiger · Dec 22, 2017

Afro_Vacancy said:
I'm smart enough to know that I'm not smart enough to do well at this unless I go in with full energy, maximum effort, with many hours of research. That's because there are many experts, many other intelligent people, and it would take me a long time to catch up. What I'd like to to do is to set everything up in a relatively decent manner, and then to put minimal effort into it at the cost of better psychological health and more time for other things.

You need to rid of these negative emotions and embrace this group as imperative to your wellness, I call these negative emotions Cryptones, we should discuss this through a series of tests.

rclark · Dec 22, 2017

macaroni said:
I think you guys will do very well with Crypto. Actually, i think @Afro_Vacancy can probably become a millionaire trading crypto with his analytical and methodical mind, i really believe it. I wish only prosperity to my bald/ing brethren!

@macaroni

I like you, because you keep things funny here. But come on, does anybody really get rich from this?

rclark · Dec 22, 2017

macaroni said:
my brother made $150,000 in 2 months with crypto
yes, people make money from it everyday, it's serious sh*t

SOLD! I'm quitting my JOB THIS WEEK.

Time to move out of the house, and INTO A NEW TRAILER PARK!

Rudiger · Dec 22, 2017

macaroni said:
That's precisely why you would do well; also, keep in mind you don't have to be smarter than everyone, you just have to be smart enough to see where the dumb people will drop their money and beat them to it. In that sense, it's not such a difficult game.

I have the same reservations as David, except I know even after infinite hours of research I still won't be as good as the average smart trader with experience. I'm pretty content and realistic in the fact I can temporarily ride the coattails of people with better ideas.

I don't know if it's unfortunate or fortunate, but in life you start to realise your capabilities, and you aren't Elon Musk, and there's plenty of people ahead of you. I probably got redpilled on this years ago when trying to excel in being an actual professional at poker (although to be fair, self-awareness and caution meant that I've only had profit from that).

Bitcoins stalled below 15k and I want to buy more, maybe I should just rid myself of Cryptones and keep the gravy train a-choo'in.

blackg · Dec 22, 2017

Rudiger said:
Yeah beta, like when a guy has to confirm how inferior he is by watching another man f*** his partner and then ironically dress it up as feeling "secure" in himself.

Gee, more amateur psychology again. Just what this site needs.

Rudiger · Dec 22, 2017

So I just discovered Coinbase rejected (I guess?) my 1k from over a week ago and sent it back yesterday, and that makes sense as it appears that bank has stopped my card making transactions. But I'm not even mainly using it as this phone app called Revolut (I don't know if this is available outside the UK) has been much better, I still have some invested in coinbase but I don't know why.

I guess this feels weird because I'm telling nobody about it outside of this forum, I know if I mentioned my bank is getting cautious over transactions etc. and even blocking me, people would think I have a serious problem. Or maybe I do? But I cope with the fact that I've only made money so far, and it would take a terrible discrepancy to put me in red.

JeanLucBB · Dec 22, 2017

macaroni said:
That's precisely why you would do well; also, keep in mind you don't have to be smarter than everyone, you just have to be smart enough to see where the dumb people will drop their money and beat them to it. In that sense, it's not such a difficult game.

The best traders have balls of steel though, it isn't all brains and a lot of it is "feel" . Identifying points of action is easier than implementing them without fear. I have a cousin without half the knowledge of myself in technical analysis, identifying fundamentals + market sentiments or trends, he got involved about a month ago and has turned 3k into 50k. Diving in at every potential trade he sees without hesitation. My issue is I often feel I miss a lot of opportunities out of fear, even if from a knowledge standpoint I can identify movements very effectively.

JeanLucBB · Dec 22, 2017

Like this is a SCREAMING f*****g buy, but how many have the balls to buy here?

Rudiger · Dec 22, 2017

JeanLucBB said:
The best traders have balls of steel though, it isn't all brains and a lot of it is "feel" . Identifying points of action is easier than implementing them without fear. I have a cousin without half the knowledge of myself in technical analysis, identifying fundamentals + market sentiments or trends, he got involved about a month ago and has turned 3k into 50k. Diving in at every potential trade he sees without hesitation. My issue is I often feel I miss a lot of opportunities out of fear, even if from a knowledge standpoint I can identify movements very effectively.

Well this is what I want to hear. Screw analytics I go on gut instinct even if my head is cautiously telling me different.

One thing that's bothered me is the amount of analysts who criticise those who invest in companies they have no idea about, I mean, what the f*** difference does it make? I could do my best to understand in bitcoin or litecoin or whatever, and whatever goals they want to achieve, will that make me invest more or less?

I pretty much see these analysts as cope artists, usually they are cynical about crypto's and I think that's because they didn't actually invest in them.

Rudiger · Dec 22, 2017

JeanLucBB said:
Like this is a SCREAMING f*****g buy, but how many have the balls to buy here?

View attachment 74073

I don't know exactly what this means but to me that's like an obvious choice, I don't know everything about the circumstances but yeah, that's exactly when I'd want to buy. It's cheap! If the investment has been progressing then of course, I practically see this as risk-free.

JeanLucBB · Dec 22, 2017

Rudiger said:
Well this is what I want to hear. Screw analytics I go on gut instinct even if my head is cautiously telling me different.

One thing that's bothered me is the amount of analysts who criticise those who invest in companies they have no idea about, I mean, what the f*** difference does it make? I could do my best to understand in bitcoin or litecoin or whatever, and whatever goals they want to achieve, will that make me invest more or less?

I pretty much see these analysts as cope artists, usually they are cynical about crypto's and I think that's because they didn't actually invest in them.

I mean technical analysis matters, but it's mostly basic sh*t that you need to get down. If you understand basic chart reading, then indicators like MACD, moving averages, channels like keltner and bollinger, ossicilators like RSI and stochastics especially you'll be fine. None of that takes a long time to get the hang of. Then basic pattern recognition of wedges and triangles etc and reading sentiment.

JeanLucBB · Dec 22, 2017

macaroni said:
I agree. If you can predict the movement of the masses (which most are ignorant and easily swayed) then you can make money. Analysts think the masses think like them, but they don't. If the majority of investors don't understand the basics and there is herd mentality going on, then no amount of analysis will help.

It's like playing poker by the rules with a noob, it will piss you off to no end because they will break every "rule" and beat you while you wonder what is wrong with them. There's nothing wrong with them, you are just playing by two different set of rules and luck is favoring them.

"Analysts think the masses think like them, but they don't. If the majority of investors don't understand the basics and there is herd mentality going on, then no amount of analysis will help."

f*****g exactly. Especially in a market like crypto where it is still largely retail investors and traders (with institutions only breaking in recently).

Same with dipshit institutional analyst w****s saying crypto has no fundamentals and suggesting "why would the masses want peer to peer, fast digital currency outside the fiat system backed by trustless cryptography and is non-inflaitionary? I can't figure it out!". Like use your f*****g heads guys.

Rudiger · Dec 22, 2017

JeanLucBB said:
I mean technical analysis matters, but it's mostly basic sh*t that you need to get down. If you understand basic chart reading, then indicators like MACD, moving averages, channels like keltner and bollinger, ossicilators like RSI and stochastics especially you'll be fine. None of that takes a long time to get the hang of. Then basic pattern recognition of wedges and triangles etc and reading sentiment.