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RE: Could we have predicted the BCH crazyness?
Interesting how you bashed haejins analysis, and he called that rise to the tee. Who would have seen it? He did. And in case you want to call bullshit, here's your proof: https://steemit.com/bitcoin/@haejin/kaboom-kaboom-kaboom-bitcoin-cash-bch-rises-300-from-my-recommended-avg-entry-usd381-new-target-usd4-589
the question is if I could have seen, I don' believe in this mumbo jumo T.A. Feel free to do as you like :)
Honest discussion here. How can you not believe in something that is proving itself over and over right in front of your eyes? Did you know that he is currently doing a mutual fund project in real time with 100k he put in to prove he has the skin in the game and the system works? That's pretty ballsy, and you don't do that if you don't know what you're doing.
I did not know that. Where is this information? And if i may ask, how are you connected to this project?
I volunteer my services for free.....because he has taught me to make a bundle of money. I'm completely serious. He is doing this for free because he has become very successful after 15 years of as he calls it "tonnages of failures" - Failing is very often the best teacher of all if you are willing to get back up and figure out what you did wrong. I really admire the fact that he does this for free, where many professionals charge 100s to 1000s a month to get their advice. I started following him when he had 40 followers. I vetted his calls for weeks, then finally signed up and became part of the community. I've learned so much more than I ever knew about the ins and outs of trading...not just investing, and I made a lot of money thanks to that new knowledge. Before that, I could get a win here or there, but now I have no fear in my moves, and my level of anxiety and stress over trading is almost nil. Because I admire what he is doing, and he certainly does not need the money, and I believe in moving things forward in a way in which helps all and does not attempt to harm anyone, I decided to offer any help I could for free. It's kind of funny, most of the people on his blog don't even know all of this. I stay in the background, because it is his work. The techniques he teaches allow you to breathe and relax, knowing what the most PROBABLE movement is, not just all the possibilities. And absolutely there are times where there are 3 or 4 alternate counts, and he is very open and clear about that, but his primary count is so refined that he rarely misses.
Most people view a miss being that the call didn't happen that day, or that week, but that's really not what we are doing over there. We are making profits sometimes in a day, sometimes in a week, sometimes in a month, and sometimes over a lifetime....and when those profits come, you humbly and gratefully take them without trying to nail the very very peak of the price....because that's almost impossible, that's just dumb luck, and we don't mess around with luck. We apply strategies that allow the most flexibility for protection of your assets getting into a trade, and also ways to get out of the trade without trying to guess. Let everyone else take there few extra bucks, and the others with the greed for the top will be left out in the cold on the correction.
I'll look for a post he did about some big time trading competitions....the winner of many of them is asked how he did it....and it was using Elliot Wave theory. But here's the thing, EW is great, but it's not the whole picture. EW combined with Chart Pattern Recognition is where you start to see the real trends and the trend changes taking place before they take place.
The mutual fund project just started, I will dig up the link and send it to you shortly. I signed up in the chat under the same name as here if you would like to direct message there.
My fault, I said Mutual Fund project....but it's actually how to beat mutual funds with ETFs. The first post is an outline....the second goes into more detail and sets up the scenario to watch.
https://steemit.com/bitcoin/@haejin/would-you-like-to-beat-every-mutual-fund-manager-here-is-an-aggressive-equity-portfolio-that-can-average-47-per-year-or-more
https://steemit.com/bitcoin/@haejin/would-you-like-to-beat-every-hedge-fund-manager-s-performance-here-is-a-method-on-how-the-secret-sauce
Also, just as a note, admittedly I just read the entirety of your post here, and would like to let you know that learning to count and label waves is far less complex than you might think currently. The learning curve is really more about recognizing which pattern is coming into play. The numbers and counting only require you can count to five, and know about 8 letters of the alphabet. Very glad to talk more about it if you're interested.