Let me remind everyone again: how to tell whether a KOL is real or fake:
First, see whether a KOL is useful to you, or whether they’re just a fraud.
Here are a few points:
1、Do they take orders or not? If they take orders, then all of them are shysters—without exception. They can’t make more than you can yourself. And they can’t match your level. Why? Because to make their data look good, what they show you is all fabricated. And real money-makers won’t come out to teach others and take orders, and profit off everyone’s pocket change. If someone truly makes money through trading, they don’t need to go out and scrape together the “three or five bucks” from everyone.
2、They talk about Bitcoin price levels—saying that the levels have been unchanged for 800 years. They insist on it. But financial markets are ever-changing; they won’t stay the same. Today it’s support—tomorrow it’s a trap. Today it’s pressure—tomorrow it’s the starting point.
3、They teach everyone to trade frequently—800 directions in a day, and they want you to catch every swing. Anyone suspected of frequent trading is water, and that’s as watery as it gets. How to judge whether it’s frequent trading: if you trade more than 5 times in a month, that counts as frequent trading.
4、Watch whether they have “main-force (institution) mindset.” What is that? It’s a way of thinking that uses news to harvest retail investors (“cabbages”). The more you watch the news, the more you become a cabbage—please understand that sentence.
Real, useful KOLs: those who don’t take orders; those who only teach people to build their own trading system; those who teach contrarian, anti-instinct trading; those who teach reverse thinking; those who teach an institution/main-force mindset; those who teach people to reduce trading frequency; and those who teach how to break down the truth behind the news.
First, see whether a KOL is useful to you, or whether they’re just a fraud.
Here are a few points:
1、Do they take orders or not? If they take orders, then all of them are shysters—without exception. They can’t make more than you can yourself. And they can’t match your level. Why? Because to make their data look good, what they show you is all fabricated. And real money-makers won’t come out to teach others and take orders, and profit off everyone’s pocket change. If someone truly makes money through trading, they don’t need to go out and scrape together the “three or five bucks” from everyone.
2、They talk about Bitcoin price levels—saying that the levels have been unchanged for 800 years. They insist on it. But financial markets are ever-changing; they won’t stay the same. Today it’s support—tomorrow it’s a trap. Today it’s pressure—tomorrow it’s the starting point.
3、They teach everyone to trade frequently—800 directions in a day, and they want you to catch every swing. Anyone suspected of frequent trading is water, and that’s as watery as it gets. How to judge whether it’s frequent trading: if you trade more than 5 times in a month, that counts as frequent trading.
4、Watch whether they have “main-force (institution) mindset.” What is that? It’s a way of thinking that uses news to harvest retail investors (“cabbages”). The more you watch the news, the more you become a cabbage—please understand that sentence.
Real, useful KOLs: those who don’t take orders; those who only teach people to build their own trading system; those who teach contrarian, anti-instinct trading; those who teach reverse thinking; those who teach an institution/main-force mindset; those who teach people to reduce trading frequency; and those who teach how to break down the truth behind the news.