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RE: Gaining a Trading Edge by Thinking a Few Steps Ahead (Part 2)

in #investing7 years ago

That was a great read Alex, a lot to take in but in a good way!

I really like your outline steps for things to look at when trading. I've done a bit of trading before, but mainly do fundamental analysis in my investments with a small amount of T.A. I actually have a checklist that I follow for most cryptos.. It's very easy to spot potential long term winners in this market in the midst of shitcoins!

Thanks for sharing this update, I'll definitely be keeping up to date with your content!

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glad you enjoyed it @lukebrn, and thanks for the kind words. I've covered quite a bit more in other past posts as well. As for fundamental analysis, you'll be hard-pressed to fill in any of your DCF spreadsheets in crypto-land (which often end up rather speculative in their own right)... lol

But, of course, the best you can do is take your collective experience, put together the pieces as best you can, then throw your cards down on the table, so to speak, and "hope" for the best (and "hopefully", not with more down than you can afford to lose)! :)

No problem, I'll check some out today. I agree about you regarding fundamental analysis, but I work full time in cryptocurrencies so I generally have my investments on lock!

I agree there for sure, especially regarding never risking more than you could lose. Thanks for the comment! I'd love to talk more if you're on Steemit chat or discord, my handle for both is @lukebrn :)

well, you're welcome to stop by the WhaleShares Discord Chat and say hello! :)