If you're confused, anxious, lost about crypto, then this thread is for you.
This thread will try to help you decide the path to take.
1. If you're a young student, around 18-22 with no savings, you're supposed to study.
Investing, Crypto, and everything else should be a hobby. A skill that you develop part time.
Follow crypto and investment actively, build habits to save, but don't compromise on life.
Get a degree if you can. Avoid all debts. Learn Crypto on the side.
Make friends who are sincere, honest and have similar goals. DON'T compromise your studies, college, or anything else. You can make it big by learning on the side, learning when your friends are wasted etc.
Save- Try saving what you can. I won't tell you to stop drinking coffee or live in your car.
But save as much as you can. Go to every professor, Uncle or whoever can give you a good part time job which will pay something but also help you learn.
SHARE! Grow 10X
Build a twitter, blog, youtube or whatever, where you share for free what you learnt.
Sharing things you know for free will bring you the best connections, opportunities and friends. This is the best way to learn and grow.
I speak from experience. Trust me.
Conclusion
This is what you should do if you're below 22-23 and have little savings: 1. Study/get degree if you can. 2. Avoid debt. 3. Learn on the side. 4. Get part time job. 5. Save all the money you can and invest on the side. 6. Share. Share. Share.
2nd Category.
Some Savings. Bad Job. Feel Miserable.
If you have a bad job and feel miserable and need financial freedom.
1. Do not leave your Job.
You're lucky to have any kind of job during and after this Pandemic.
2. Make time in your spare time. Learn all you can before you sleep, before you go to the job or whenever, and trade, invest.
Please don't tell me you don't have spare time. Like 30 minutes a day to make life better.
3. This is the formula that I adopted, it's tough but everything that's worth anything is tough.
I will publish a thread on how to trade whilst having a full time Job or being a full time student.
Read that and trade with those methods.
Four of my friends and People I mentored
(You know them) have done it. Learn to trade while having a job, become consistent and then leave the job. You can do it too.
Conclusion.
Consider Safety before any adventure. Take small multiple bets before any bigger risk.
If you're already thinking about making it big, congrats, you're already in the top 10% who are taking action.
Consider Safety before any adventure. Take small multiple bets before any bigger risk.
I hope this perspective helps.
P. S. I have not told you anything new and you knew everything said above already. You just needed a reminder, didn't you?
See you soon.
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1. Visible Range OI Delta Profile on @coinalyzetool
Shows where traders are entering and exiting. Use this like VPVR.
Use this indicator on LTF to identify trading levels in a trending market.
In range, use this to scalp on either side as target when price deviates.
2. Aggregate OI:
Having net open interest across all trading pairs is very useful.
Sometimes, one exchange will market enter large long positions while there is no action or selling action on other exchange. This filters out misinterpretation of that data to a large extent.
Understanding some trading Analysis can be difficult because of Complicated Terms.
Must Know Trading Principles and Terms for Trading and Analysis.
A Thread.
P. S. I will keep Updating this List.
This is the thread of most important trading Concepts and Terminologies you should know to Understand and do your own Analysis.
Consider it the language of trading.
I have added links to important tutorials along side Explanation.
1. MSB - Market Structure Break.
Break of Lower Low formed in Previous impulse = Bearish MSB.
If Lower Low is Broken, consider it a Bearish MSB.
Remember, Lower High formation isn't a MSB, but Lower Low Break =MSB.