Yogee (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2020, 04:19:44 AM |
|
I also know some small traders who started to trade for years in stocks or forex but when they tried to trade in cryptocurrency, jeez, they are like WTF? But what I am amazed on them, they are positive and still believe that they will get back their losses in the future and also their emotion are the best and well controlled.
I'm sure it's fun to listen to their stories. It was probably hard for them to see 50% rise or drop in a few hours. Are they back to the game yet? Stocks and Forex are regulated markets and the usual pumps and dumps that we see in crypto won't work there I suppose. Those two markets are already considered volatile but nothing compared to how fast crypto moves.
|
|
|
|
CucakRowo
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2020, 07:27:50 AM |
|
-snip-
If those "veterans" traders like @Great Arkansas mentioned in his comment, i believe they will back to the game. I believe they use small money (as part of their money management) to test market. If they have adapted with the market, then they just need to apply the techniques they already have (with a few modifications of course). And don't forget, both (forex and stocks) certainly has a very volatile market in some pair/ticker. Such as gold in forex.
|
|
|
|
Reid
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2020, 09:21:44 AM |
|
What happened to the guy has both good and bad impact on crypto. - Good: It shows that whoever comes in and take crypto as another get rich quick or pump and dump scheme will have to learn the hard way. It's not something that can be mastered in a short time even if you are a business owner or a veteran trader in other markets.
They think they could just play with it just like that because they have the experience. The only problem is, it is way different and some people in this forum also think like that. I don't think they will admit they had a difficult time from the start. It's bad for their reputation. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) - Bad: It confirms what many critics have been saying about cryptocurrencies that it's a place of hype or pumps and dumps. A lot of his followers who are skeptical on bitcoin has more reasons to stay away now.
True. It might be negative when you are on that side. But for crypto traders those pumps and dumps is like a machine for profit. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
|
|
|
Botnake
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2020, 09:59:49 AM |
|
Why can't he just maximize his profit if he is telling the truth, the thing is some people are just boasting their profit but we really don't know if they are profitable in reality. Damn, crypto is really different as this market could sometimes be manipulated and high risk compared to stock market, so if one masters stock market already, there's no reason to try to trade in crypto, besides, the goal is the same, we just want to make money.
That's his way to set a trend so that people will believe that his ways are effective to set a huge profits, still, the truth struck him so hard. We all want to succeed and make our trading journey profitable, but we should also consider that we should make it in our own way. You can make your trading profitable if you are willing to learn and deal with those risks. Dealing with the stock market is not that easy depending on the market situation, but if you tried to become independent to make yourself grow your assets, that will help you learn something in every transaction that you do. In terms of fundamentals, stocks are more likely be affected through news and disclosures especially the blue chips and 2nd liner stocks who have high volume and market capitalization where the price can be manipulated by jockeys but in terms of technical analysis, the basics concepts and foundation are useful in both cryptocurrency and stock market. The volatility is also different with each other and also the time because stocks are usually traded in office hours while the crypto can traded 24/7. In order to become successful in our trading journey, we should focus on just 1 market in order to lessen the curve of learning. Both of it requires mastery and a set of rules that will create discpline. Correct, that's why he was surprise with crypto because crypto is a different ball game, success in stock trading does not automatically mean success in crypto trading as well. He should have learn his lesson, but I guess he'll not since he doesn't lose a huge amount of money that would make him think of improving his crypto trading, considering he is telling the truth that he is making 6 digits trading daily in stocks.
|
|
|
|
Hypnosis00
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2020, 10:23:04 AM |
|
He becomes a billionaire by September and so much confidence that he could make it after being out of the game. I don't think he's telling the truth but it just a sort of encouraging people to be like him and become a trader then have to experience losses by then. That was really funny to think. He underestimates crypto trading and made him suffer like that. He probably knows less about trading and he never expects that would be his ends. He can be successful in his previous carrier but possibly not for crypto trading.
|
|
|
|
buwaytress
Legendary
Offline
Activity: 2926
Merit: 3612
Join the world-leading crypto sportsbook NOW!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2020, 11:03:51 AM |
|
Correction: it confirms that apart from Bitcoin and a really small number of other crypto (and that's me being nice, I really just think it's Bitcoin), everything else is pure shit and speculation, using utility and vanity technology as smoke and mirrors. Shame on him if he really thought it was anything else, veteran stock traders should know better.
He's no veteran stock trader. He's a blogger and accidental celebrity. He's been at it for a few months and there is no way he is making six figures a day in the stock market. I'm amazed people in here are taking his word on that. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm pretty sure he lost money on Bitcoin too, not just LINK or whatever. I saw him cheering for $12K a few days ago. BTC has done nothing but dump since then. Veteran trader relative to what a lot of people in the trading section or even in other crypto trading channels would claim. Seen a lot of them, even been in some of these channels (we all made mistakes in 2016/17, didn't we?). I'm amazed anybody takes anybody seriously in these channels, not even experimental, they follow all in. Gotta learn these psychological things some day!
|
|
|
|
crzy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2020, 12:54:01 PM |
|
I also know some small traders who started to trade for years in stocks or forex but when they tried to trade in cryptocurrency, jeez, they are like WTF? But what I am amazed on them, they are positive and still believe that they will get back their losses in the future and also their emotion are the best and well controlled.
Stocks trader already have their own skills on trading, they are just adjusting with cryptomarket but I'm sure they can get it sooner or later. Trader must be versatile, and trade on any market because we are all reading the same rules in trading. We always have to look for the good side despite of our losses, trading is about losing and winning and only those who survive their emotions, will have the chance to win.
|
|
|
|
bitgolden
Legendary
Offline
Activity: 2926
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2020, 04:37:39 PM |
|
I guess there are also personal differences as well, not every person in the forex or stock market trade the same way, there are differences in there as well and people do make a lot of calculated decisions there, so when those people come to crypto some of their decisions works out here and some of them doesn't, some people's methods translates well into crypto and some doesn't, we can't really say that "all of other stuff traders comes to crypto and lose money" that is too much of a broad generalization, there are people who could be successful as well, I hope that they wouldn't really lose money because we need every hand on deck during these times and when people profit they come back and try for more, I hope this dude comes back and has a success story next time.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
South Park
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2020, 06:12:09 PM |
|
Correction: it confirms that apart from Bitcoin and a really small number of other crypto (and that's me being nice, I really just think it's Bitcoin), everything else is pure shit and speculation, using utility and vanity technology as smoke and mirrors. Shame on him if he really thought it was anything else, veteran stock traders should know better.
Agreed, what I find really funny about all of this is that he loses a significant amount of money and then when he's called on it he just answers that he is making so much money in the stock market that it doesn't matter, I wonder if this person is trading with the money of someone else? Because if I was one of those people I will be very worried and I will take my money out of his investment firm because if he takes the same reckless decisions in the stock market than the ones that he took in the cryptocurrency market I have no doubts that he will eventually lose it all.
|
|
|
|
exstasie
Legendary
Offline
Activity: 1806
Merit: 1521
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2020, 10:02:18 PM |
|
I'm amazed anybody takes anybody seriously in these channels, not even experimental, they follow all in.
Sheep in search of a shepherd! ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I really respect analysts who are rigorous and methodical in their TA, not to mention experienced. (Portnoy is none of the above) They are somewhat rare, but we even have a couple on the Speculation board (dmwardjr and xxxx123abcxxxx). When they speak, I listen! Doesn't mean I blindly follow them, but I do find it's really important to incorporate ideas from other analysts to challenge my own biases and to understand all the different possibilities.
|
|
|
|
MCobian
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2020, 11:59:39 PM |
|
This taught us all that being successful traders in the stocks market is not necessarily successful trading in cryptocurrency. Besides, I am disappointed with experienced traders who don't have the patience when trading, experienced traders shouldn't behave like a newbie who expects a profit in a short time. After all, this person chose the wrong coins for investment, the LINK price was already too high when he bought. What he did was only make LINK pump prices reach all time high, and benefit to LINK holders.In conclusion, Dave Portnoy deserves this loss, because he cannot control his emotions when trading crypto.
|
|
|
|
gbrendeh
Jr. Member
Offline
Activity: 172
Merit: 1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2020, 04:10:41 AM |
|
If you are a veteran in other market, you can be an amateur in the crypto world. It takes time and patience to study and belong.
|
|
|
|
buwaytress
Legendary
Offline
Activity: 2926
Merit: 3612
Join the world-leading crypto sportsbook NOW!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2020, 09:14:52 AM |
|
Agreed, what I find really funny about all of this is that he loses a significant amount of money and then when he's called on it he just answers that he is making so much money in the stock market that it doesn't matter, I wonder if this person is trading with the money of someone else? Because if I was one of those people I will be very worried and I will take my money out of his investment firm because if he takes the same reckless decisions in the stock market than the ones that he took in the cryptocurrency market I have no doubts that he will eventually lose it all.
Doesn't matter. If other people are actually allowing him to trade with their money, then shame on them if they find out he's bragging about that publicly. Fool and his money often parted, that's a saying that keeps aging well IMO. Anyway, we're definitely back on the hype horse.
|
|
|
|
Kelvinid
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2828
Merit: 344
win lambo...
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2020, 01:33:52 PM |
|
This taught us all that being successful traders in the stocks market is not necessarily successful trading in cryptocurrency. Besides, I am disappointed with experienced traders who don't have the patience when trading, experienced traders shouldn't behave like a newbie who expects a profit in a short time. After all, this person chose the wrong coins for investment, the LINK price was already too high when he bought. What he did was only make LINK pump prices reach all time high, and benefit to LINK holders.In conclusion, Dave Portnoy deserves this loss, because he cannot control his emotions when trading crypto.
Indeed, you right. Not all have succeeded in the stock market will also be succeeded in crypto trading. But above all, he thinks it negatively and quit crypto. What he has done now is not trading but an advertiser. He promotes LINK and so much to believe that people will like to invest and lost their money. I know some people will listen to him because he has a name already and being an ambitious person but never think that he'll turn you back if you lose your money because of stupidity. I'd never think that he deserves to lose but he deserve s to be corrected and realize that he will be wrong. He stands of what He believes is right without considering the people around. Actually he has experience in trading but was different from crypto.
|
|
|
|
Savemore
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2020, 02:03:17 PM |
|
This taught us all that being successful traders in the stocks market is not necessarily successful trading in cryptocurrency. Besides, I am disappointed with experienced traders who don't have the patience when trading, experienced traders shouldn't behave like a newbie who expects a profit in a short time. After all, this person chose the wrong coins for investment, the LINK price was already too high when he bought. What he did was only make LINK pump prices reach all time high, and benefit to LINK holders.In conclusion, Dave Portnoy deserves this loss, because he cannot control his emotions when trading crypto.
Indeed, you right. Not all have succeeded in the stock market will also be succeeded in crypto trading. But above all, he thinks it negatively and quit crypto. What he has done now is not trading but an advertiser. He promotes LINK and so much to believe that people will like to invest and lost their money. I know some people will listen to him because he has a name already and being an ambitious person but never think that he'll turn you back if you lose your money because of stupidity. I'd never think that he deserves to lose but he deserve s to be corrected and realize that he will be wrong. He stands of what He believes is right without considering the people around. Actually he has experience in trading but was different from crypto. I agree to you because crypto and stock market are not the same investment vehicle especially in terms of liquidity and volatility. But if you have knowledge from the stock market then you become interested to cryptocurrency market or vice versa, understanding the new market will be lessen because of the past experiences. I first make investment in stock market but I managed to switch in global markets and cryptocurrency market. At first it is hard but I managed to understand it easily because of my past experiences in the market that I used to trade.
|
|
|
|
goaldigger
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2020, 11:35:13 PM |
|
If you are a veteran in other market, you can be an amateur in the crypto world. It takes time and patience to study and belong.
Definitely because you are in a new market but considering the skills that you already have then you can trade easily after a month of studying crypto market or much earlier. As a human we are adjusting in the new things so its normal to experience some losses at your first trade, but don’t give up and you have to continue trading until you familiarize yourself. If you’re good in stocks then you can become better in cryptomarket.
|
| │ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███▀▀▀█████████████████ ███▄▄▄█████████████████ ███████████████████████ ███████████████████████ ███████████████████████ █████████████████████ ███████████████████ ███████████████ ████████████████████████ | ███████████████████████████ ███████████████████████████ ███████████████████████████ █████████▀▀██▀██▀▀█████████ █████████████▄█████████████ ████████▄█████████▄████████ █████████████▄█████████████ █████████████▄█▄███████████ ██████████▀▀█████████████ ██████████▀█▀██████████ ▀███████████████████▀ ▀███████████████▀ █████████████████████████ | | | O F F I C I A L P A R T N E R S ▬▬▬▬▬▬▬▬▬▬ ASTON VILLA FC BURNLEY FC | │ | | │ | | BK8? | | | █▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . PLAY NOW | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ |
|
|
|
AmoreJaz
Legendary
Offline
Activity: 3220
Merit: 1103
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2020, 11:52:53 PM |
|
If you are a veteran in other market, you can be an amateur in the crypto world. It takes time and patience to study and belong.
Definitely because you are in a new market but considering the skills that you already have then you can trade easily after a month of studying crypto market or much earlier. As a human we are adjusting in the new things so its normal to experience some losses at your first trade, but don’t give up and you have to continue trading until you familiarize yourself. If you’re good in stocks then you can become better in cryptomarket. if you already have the trading skills, it will be easier for you once you grasp how crypto market works. because every alt or token, is like different companies that you are studying here. so you need to get a hold of what's going on in every project so as not to make mistake in investing your money to pump and dump coin or to an empty token surrounded by fomo only. we all started from scratch and only experience, all the tips and tricks gained thru the years will make you confident in crypto market.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Yogee (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 25, 2020, 02:10:31 AM |
|
........ I really respect analysts who are rigorous and methodical in their TA, not to mention experienced. (Portnoy is none of the above)
They are somewhat rare, but we even have a couple on the Speculation board (dmwardjr and xxxx123abcxxxx). When they speak, I listen! Doesn't mean I blindly follow them, but I do find it's really important to incorporate ideas from other analysts to challenge my own biases and to understand all the different possibilities.
I read that he lost money in stock market as a beginner and was able to bounce back but I admit I don't know a lot about this Dave guy. You seem to know more. Does he have a public channel where he shows his TA? Thank you for posting the two other users here. I've checked their TA thread and will save them. Are they 100% in crypto or they started with stocks or forex as well?
|
|
|
|
Shasha80
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 25, 2020, 04:23:07 AM |
|
Investors like Dave Portnoy who are already successful trading in the stocks market have high self-confidence. This is what makes him lose money when he tries crypto trading, he equates crypto trading with the stocks market. In the end, he had to suffer quite a large loss, but this loss became a lesson for him that crypto trading was different ball game. Likewise, experiences of crypto traders may not immediately succeed when trying trading stocks. Everything that is new to us must first study it.
|
| | | | | BIGGEST AND MOST TRUSTED FULLY LICENSED CRYPTO CASINO | | | | ▄▄▄▄█▄█▄▄▄▄ ▄█████████████▄ ███▀▀███████▀▀███ █▀ ▀█▀ ▀█ █████████████████████ █████████████████████ █████████████████████ ███████████████████ ███████████████████ █████████████████ ███████████████ ███████████ ▀▀███▀▀ | █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ █ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █ █ █ ▄ ███ ███ █ █▀▄▀█ ▄███▄ █ ███ ██▀▄▀█ █▀ ▀██▀█▀█▀██████ ██▀ ▀█ █ ▄▀▄▀▄███ ██ █ █ █ █▄█ ██ ██ █ █ █ ██ ██ ███ █ █ █ ██ ██ █ ▀▄ ▀▄██ ▄▀ ▄▀ ▀▄ ▀█▀ ▄▀ ▀▄ ▄▀ ▀▀▄▀▀ | ▀▄ ▄▀▄ ▄▀ █▄ ▀█▄▄▀▄▄█▀ ▄█ ▀█▀███▀███▀█▀ ▄█████████████▄ █████████████████ ███████████████████ █████████████████████ █████████████████████ ▀███████████████████▀ ▀█████████████████▀ ▀███████████████▀ ▀███████████▀ ▀▀▀█▀▀▀ | | SPANISH CLUBS OFFICIAL ASIAN BETTING PARTNER | │ | ACCEPT MULTIPLE CURRENCIES | │ | . JOIN US | │ |
|
|
|
tbterryboy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 25, 2020, 06:05:24 PM |
|
I believe that it has a learning curve for sure, but I believe that learning curve is not really as high for someone who has done trading in other stuff versus people who haven't done anything like that before.
So, let's assume we have two people, one of them has done nothing in the trading world at all and never been involved with financial system but just work and get salary and that's it, and the other one is a very successful stock trader, just because one has some experience doesn't mean that he will start with a ton of profit right away, but it does mean that the trader would have a quicker learning curve and start to profit before the other person. Plus, we also have to take the moment they get in into consideration, someone who gets in during bearish time is likely to lose versus the guy who got in during bull time.
|
|
|
|
|