Can Somebody Teach Me How To Trade? While we are still kicking +best stories of the day :)

Hello again,

Things are going good in the Crypto Sphere, wouldn't you say :) It's been an explosive month and I'm sure all of you will attest to that. I'm sure there is a lot of hype flying around and with market caps flying off like kites I'm sure for most it's been a wild run, where we are finally getting some bang back for our buck.

This post is inspired by my entry in the world of trading, so I want to share my noob findings in the market sphere, I'm not a classical trader so this is not a classic guide, it's more of a philosophy piece than just buy low sell high and watch inside the market :) we all know that, but who has the time and with such laggy sites we have :D (can somebody teach me how to trade)

This is my take and my findings,

Volitility

Quick Surges, Low Spikes, we have seen it all, Steem was 4$ each, Bitcoins went through the roof in a month, first it was 1.5k:1btc then it got as high as 2.8k:1btc in the last days what can we learn from it, people want money and they will do anything possible, including buying at 2.2 and selling at 2.4 whatever it takes.

Philosophy

Low margins need high volume to make profits and it could be risky if you miss the spot, so the more you have on the line the
more you have to loose and the more the things you sohuldn't be concerned about start to creep in, what if the exchange buggs out? what if power goes out? well you can loose, loose a lot, more than you've gained, so don't take big risks, unless you want big drops

Hypes/Lows

After seeing BTC break barriers @1800 and again @2000 everybody got hyped, so much so people even heard of btc and started buying and buying, while we were selling and selling, so the bubble normalized, I would like to see which market bumped the price so much(Asia?) but whatever the case, wherever there is high demand and people are starving to sell, prices drop, so here we are, STEEM was 1.3 we were going to grow and grow, but since we are tied to BTC we have lost half of what we gained, because we were a part of the BTC Bubble, hey whoever saw the drop and bought some Fiat is on a roll, if BTC goes back up :) so just go with the flow and choose your stream little fishes

News/Stories

Again I'm going back to the Hype, I think it's bad but who asks me anyways, stories, hype, drama, emotion, all that causes volatility, expectations and demands, just don't be heartbroken if the idea you had of making millions backfires and you are back at square one, just remember where you started off at and you might make a long Journey otherwise, you will need more wisdom next time you start off.

History, Terms

Crypto seems known for Pump Dumps, I think all the above factors attest to that, coupled with how little is mapped out, the more you know the more it earns you, since the advantage you gain stacks against your "opponents" of course, trading is more a game than something real in my eyes, whenever you can make "money out of thin air" something blinks scam in my mind, but hey when you don't see the crying eyes and the loss you can't feel bad. I would like to have more people win, but that wouldn't be possible, since it comes at the cost of some-thing/body else so the best I can hope for is people that don't fall into "traps"

High-Mind and Swaps

Never run into "fights" Stand back and see which way the tide flows, everything is connected, there are patterns and you can move by them, when a price drops, you can move to some other place where it will rise, then you can be ready again with more "force" when the above-mentioned market starts moving back up again, so you can make more and more and more, thus allowing you to move into different markets, I wouldn't trust anybody since any collusion is unwelcome, :) or is it :) i think I'm colluding with you right now :D

Results

How I got here
openledger-wallet sent 22.468 STEEM
to j3dy
9 days ago

Where I'm at now

~24.413 STEEM in BTC
plus 6.98 STEEM so 31,393 in Total STEEM

8.925 STEEM just as a bonus :) for registering and making some moves here and there :) it seems trading is a lot about strategy, position swaps, timing and resilience. Just as I was writing my BTC turned "Unknown Value" :D and I saw for a fracture how the Crypto can turn to a Void :) make sure you know how and where you move, stay as "balanced" as you can

Resilence, Spread and Zen :)

Know when things are about to happen and move :) I'm listing a great example below. Be smart, learn and adapt, overcome :) I'm going to give you some great articles and information below, I agree around 90% with all the people and my views on this topic are the same, so dear steemians, think with your head and vote with your money :) we are here for free and yet we have made so "much" I hope we can increase the smarts numbers :) it's never easy to cross a barrier, but it could be just a bubble :)

Call Me a Fool but I am Taking 50% of My Crypto Currency Profits and Exchanging for Dollars.

https://steemit.com/cryptocurrency/@hilarski/call-me-a-fool-but-i-am-taking-50-of-my-crypto-currency-profits-and-exchanging-for-dollars

Why Not Sell Everything?
I am 100% playing with house money now. All of my original investments were taken out of the market over a year ago. If this continues to go up it is mana from heaven. If not, so be it. I will be on the other side of the peak waiting to buy Bitcoin and quality Crypto Currencies when they go on sale just like the folks who were in cash bought homes for pennies on the dollar when the real estate market crashed.
If I am wrong I win. If I am right I win. This is a great position to be in. Happy trading!

Here you can learn more on

BitShares :) Open Ledger,

https://steemit.com/bitshares/@virtualgrowth/steem-bts-and-asset-market-update-5-27-and-giveaway-for-6-3
thanks to @virtualgrowth

oh and the same "advice" can be seen here by @dragosroua it's hilarious and true to the last word :) Mordor is going strong today :)

Steem Price Analysis - Week May 27th - June 2nd

Thanks to @dragosroua

Same disclaimer applies here too :)

Disclaimer: I'm not a professional crystal-crypto ball reader, so don't take my advice literally. I'm just a wizard from the 5th dimension trying to have some fun, until my punishment (of living here, obviously) expires.

Thank You :) ! Happy Tradings

Trade Topics

interesting and still fresh :)

Good Opportunity to Pick Up Some More STEEM!

https://steemit.com/steem/@ancapwarren/good-opportunity-to-pick-up-some-more-steem

Late Night Market Recap!

https://steemit.com/bitcoin/@thomasgutierrez/3ovnew-late-night-market-recap

ABANDON BITCOIN!

https://steemit.com/bitcoin/@jacobtothe/abandon-bitcoin

oh and thanks to @beanz for her trading analogy with cars, that saved me and gave me some inspiration :) kept me going and even let me step over the line and actually do some trades :)

still I used only 20 steem, so 3% of my total net worth here :)

Cheers

@j3dy