You should find your own trading method.
There's no need to blindly follow standard trading rules and expect to achieve high results. You need to find an effective way to do what others can't.
You can trade stocks, forex, commodities, cryptocurrencies, etc. Recently, we have seen advantages in the cryptocurrency sphere because it has its own unique characteristics that can be exploited.
For example, when news broke on Twitter that Krone wants to focus on things other than DeFi (March 2022), it took at least 10-15 minutes before FTM and YFI started to decline.
Looking back, we can say that it was one of the easiest shorts we have ever taken on Fantom.
For us, it was a scalp short, but considering how poorly this market cycle ended, we probably should have just held it for a few months.
We want to say that cryptocurrencies are not as good as the stock market. When news emerges in the stock market, you can be sure that it will be reflected in the price within a few seconds.
Cryptocurrencies have gained significant interest from retail buyers, and frankly, there are many idiots in the crypto space. By this, we mean people who simply buy random shitcoins and hope they will skyrocket to the moon.
There is a stark contrast between smart individuals and those who follow TikTok experts.
By the way, we don't consider ourselves among the smart Tier-1 traders like GCR, Cobie, HighStakesCap, HsakaTrades, CryptoCred, Light, to name a few. There are probably 50+ more we could mention.
There is an advantage for people who genuinely make an effort to stay informed about cryptocurrency events and actively seek alpha.
We believe that as cryptocurrencies evolve, the market will become less inert, and trading will become more challenging in the future.