this pattern is only possible if xrp is bearish for next 6 months which is impossible ATM totally non sense approach

$XRP



Sometimes we just want to make money fast. Or at the leas that's the excuse we give ourselves when we want to enter the market with 20X.

Sometimes we are inspired to trade, to participate in Cryptocurrency trading, or any trading, based on the promise of high yields, fast money, easy gains.

Many times this are the idea that drives many of the participants in this craft.

They think, "Maybe I can nail this thing and make money fast."
And thus starts the rat race.

In the quest to make money fast we enter the game without the right preparation.
We enter the game unprepared and instead of making money fast we start losing money and this losing starts to accumulate.
Immediately we reach the point where we no longer want to make money fast we just want to recover, "If I could just breakeven; get back to the starting point, that would be good enough." We tend to think to ourselves.

The Cryptocurrency market tends to grow between 4-7X on each single bullish wave.
A bullish wave can develop within 3 months once it is already going.

The entire process can last 4-6 months if we take into account also the consolidation phase.

If you have a capital of say, $100,000, you could easily split it between 10 pairs, using a diversification strategy, and end up with a nice $400,000 - $700,000 by the end of the bullish wave. Is this money fast or slow? Is the risk high or low? What other actions are needed other than buy and hold?

Here comes the leverage game.

Since you are using leverage, you don't need 100K. So you start with $10,000 and get ready to play.
The first few weeks are good; beginners luck. The market keeps moving and you keep on pyramiding, growing your position more and more.

Never take profits. Just let it roll and grow.

The market starts to retrace but you don't even consider closing your positions because this wasn't planned; what if the market resumes growing today or the next day?
(Greed)

When the market has been red for 3 weeks straight, you are close to getting liquidated and have to decide; leave or stay?

A sudden drop and that's done. You are now at zero, you went through a nerve wrecking experience and your mood is very low.

This process is repeated but never straight down. Sometimes the market goes up, sometimes it goes down.
Sometimes you are in the green. Other times you are red.

This time you have $20,000 capital and managed to reach $50,000. This can happen fast because you are using leverage but next thing you know, sudden crash and gone again.

When six months are up, you are down $90,000 and some experience that might or might not be useful. And you started trading to make money fast.
But the Altcoins/pairs that you bought 6 months ago are now all of them, without exception 3-5X up.

The spot trader is reading his books, enjoying some nice, clean organic foods, enjoying the beach bathing under the sun.

The $100,000 capital can be easily $300,000 or any amount for that matter. No stress, but the capital grows rather than shrink.

Money fast or money slow?

In the quest for fast money, we tend to lose everything in one go.

It is ok to trade with leverage.
It is ok to take risks.

But if you are going to trade with me, patience is key.

Our leveraged trades are a hit or miss. So we need the right timing, the best possible entry in order to succeed.

All these numbers above are just examples of course.

You can trade all you like but never fool yourself, if you lack experience, mental and emotional stability you can make money if you buy and hold. Specially in this bull-market.
The mistake will be over-trading, mark my words.

Just make a plan and follow that plan.

If you can't quit your gambling addiction, try reducing leverage to 2X.

The best possible choice is to trade spot until you can win successfully for two years straight.

If you can achieve this milestone, you are ready for the leverage game.

It is a game for adults.

Thank you for reading.

Namaste.