Firstly, you need to understand the technology and the fundamentals of blockchains.
You should be able to answer:
1. What makes some blockchains better than others?
2. Why are some Layer 2s better than Layer 1s?
3. What cryptos are not built on blockchains?
Because if you don't understand what you're buying, then why are you investing in it?
Secondly, you should know how to analyse a token fundamentally.
You should be able to understand the:
1. Tokenomics of a coin, both its utility and distribution
2. The calibre of the team developing the token, their levels of education, and experience
3. The trend of the token and whether it is getting better, and having more users, or is it past its best and trending down
Because if you can't see underneath the hood of a second-hand car, would you trust it?
Thirdly, you need to be able to understand macroeconomic trends.
We all saw what Trump's tariffs, Jerome Powell's interest rate hikes, and cuts can do to the market!
So you should know:
1. How to interpret economic data reports.
2. Where to find reliable economic data reports.
3. How to act based on economic data reports.
Because if you don't understand the economy, how can you predict what will happen to its elements?
Fourth, ONLY after completing steps 1-3 shall you consider Technical Analysis.
This is:
1. How do you read the prices in the charts?
2. What is a harmonic chart versus a diverging chart?
3. When is a coin in a trend reversal versus a trend continuation?
If you can buy at a good time, then you can make 10x profits versus buying at a bad time.
Fifthly, you must combine steps 1-4 into a system that brings you reliable profits. With minimal effort.
This must be constructed for you based on your:
1. Daily spare time
2. Risk tolerance
3. Time horizon and ability to wait patiently.
Because if you try to copy someone who's full-time whilst only having an hour spare each day, you will be stuck!
Learning all of this on your own can be difficult, cost you thousands, and ultimately take you a very long time.
Luckily for you, this is the same process I take my students through in my coaching program.
To learn more, click the link in my bio
You should be able to answer:
1. What makes some blockchains better than others?
2. Why are some Layer 2s better than Layer 1s?
3. What cryptos are not built on blockchains?
Because if you don't understand what you're buying, then why are you investing in it?
Secondly, you should know how to analyse a token fundamentally.
You should be able to understand the:
1. Tokenomics of a coin, both its utility and distribution
2. The calibre of the team developing the token, their levels of education, and experience
3. The trend of the token and whether it is getting better, and having more users, or is it past its best and trending down
Because if you can't see underneath the hood of a second-hand car, would you trust it?
Thirdly, you need to be able to understand macroeconomic trends.
We all saw what Trump's tariffs, Jerome Powell's interest rate hikes, and cuts can do to the market!
So you should know:
1. How to interpret economic data reports.
2. Where to find reliable economic data reports.
3. How to act based on economic data reports.
Because if you don't understand the economy, how can you predict what will happen to its elements?
Fourth, ONLY after completing steps 1-3 shall you consider Technical Analysis.
This is:
1. How do you read the prices in the charts?
2. What is a harmonic chart versus a diverging chart?
3. When is a coin in a trend reversal versus a trend continuation?
If you can buy at a good time, then you can make 10x profits versus buying at a bad time.
Fifthly, you must combine steps 1-4 into a system that brings you reliable profits. With minimal effort.
This must be constructed for you based on your:
1. Daily spare time
2. Risk tolerance
3. Time horizon and ability to wait patiently.
Because if you try to copy someone who's full-time whilst only having an hour spare each day, you will be stuck!
Learning all of this on your own can be difficult, cost you thousands, and ultimately take you a very long time.
Luckily for you, this is the same process I take my students through in my coaching program.
To learn more, click the link in my bio
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.