As I glean thru the news each day, I get a sense of urgency from each news article as all of them fight for a top spot and they insert blurbs with no info as to the author or facts.
In this 24 hr news cycle and the FUD/FOMO of the crypto metaverse, it seems to be magnified. How do you filter the news? How do you insulate yourself from the emotional waves that constantly pull in both directions?
This is one of my favorites. Who the hell are these experts? Who made then an "expert" and let me see their track record. Then I can put some faith behind their prognoscations.
My newest bone to chew on comes from a group called Live news. In particular is a section that addresses fake news. A Day late and a Dollar short is the best way to describe this news.
This most recent pull back has been described as so many ways to "lose or gain" a fortune. So, which is it? It can't be both in the same time frame can it? Moon shots and drops?
So many hail a soon to be "moon shot" and even within one company that advertises the best technical analysis and data I see authors disagree. The one will claim BTC dropped because of El Salvador, and the other will claim liquidation due to leveraged trading.
Live News drops the ball as they often use "Experts say" as the front of a paragraph.
After spending hours in research, and seeing the # of whales and the data showing huge purchases, I want to just blame it on sun spots and moon beams. Or because they got a tip from an uncle that has a knee that hurts on every other bull run. I'm sure if you combine all these theories, add them together and divide by a common denominator ; you will get an answer.
Maybe not a good answer, but an answer.
We used to call this " The Fog of War". Too much info, too fast, and too divergent. It takes practice to pick the proper target and confidence to move on that decision. Confidence that allows you to look thru the fog to the other side of your predicatment; and Experience to sift the noise and find the gold.
So........ who to belive? The group that charges $200 a month for up to the minute data drops; or the free emails that populate your inbox everyday ( and includes ads ). Should I flip a coin or should I look at on chain data vs social media, vs TA tools from the MA to the SMA ; 50 to the 200; to the RSI or the 2 sigma deviant.
If I were to comment now on all this, I would have to put a HUGE disclaimer in front and back of my opinion. "I Don't Know." If I really did Know, I would take advantage of the entire market and become a Market Maker and Mover.
It's not that I don't like my readers ( both of them ). It's just that I want to test my theory and make a ton of money before I share it with the world. Does that make me a bad person?
At least you know, I am being transparent with you. The other thing is, ( i apologize ) you have spent all this time reading an opinion from a guy that you know very little about, and you still have to deal with all this conflicting information.
When it comes to making a good decision, be patient. Be kind to yourself if you make a mistake. Learn from the mistakes and don't go all in until your track record is indisputable and you don't have to suffer from a bad call.
I say this, because you should never risk more than you can afford to lose. With a good track record and understanding of the price movement, you can afford to be right 50% of the time and still profit. And that is a fact ; Jack.
And that is what FNL is all about. Learn and earn. Keep good records and understand the price movement. Don't gamble. Test your trades small and win big.
Oh, and take the wife some flowers now and then. Life is easier that way.
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