Hey silverstacker! Interesting life you got there! I got your next big thing, and you don´t even have to leave the wife ;P. Learn to trade cryptocoins.
See, what you always wanted was financial independence right? And you´ve almost achieved it many times but failed only at dealing with unforseen consequences. So, we know you´re a good player at the money game, but maybe a little prone to rage and lacking in adaptability. It doesn´t matter, you got great skills and drive there bro.
Now you´ve settled down and from the looks of it, you learned to tone your temper(or rather the married life has done it for you), but you don´t have to relinquish your dream, you may still achieve it but in a different way.
What is so great about trading crypto? Well, for starters, you win in PERCENTAGES, meaning that if you "bet" a small amount of money, then you earn a small amount, but if you go big, you earn big. From the surface it looks just like poker, with a few exceptions: you can WITHRAW your money "in the middle of playing a hand". That´s right, for example let´s say I bet on bitcoin reaching 20k soon. I have my money and my orders in place, but if I see a great sudden change in the market, and I´m smart about it, I can change my plans and get out at 16k. Trading is all about MANAGING RISKS, not about being right all the time.
So, you could be still working your job and living your life while dedicating a small amount into trading with the objective of earning big. And when you do earn big, you can then decide if you want to leave your job and your wife for a chance to play long hours at that game. Just kidding, don´t leave your wife. Trading didn´t make me rich yet, since I´ve been doing it only half a year, but it did pay me a free vacation so I can´t complain.
I love it, and I´ll probably keep doing it till I die.
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Btw, also hold on to your steem, since market analytics say 1 steem will probably be worth 20 USD in a few years. ;)
You know what. I have all of today and most of tomorrow with nothing to do and i will just research this subject and really put 8-12 hours into it over the next 2 days. I feel motivated to do something. I have some small holding in other cryptos outside of steem i can use the learn and lose with. Im guess it's a you sorta pay to learn by making rookie mistakes in the beginning?
Thank you for taking the time to write that comment, i will write back tomorrow evening with what i have learned.
You know what? You motivated me to do a saga of trading courses so that people can learn from scratch.
When I started learning trading a while ago(about 1 year ago), my problem was that I mainly encountered these types of courses and videos:
- Overcomplicated technical courses in a specific fintech dialect for people with years of trading experience.
- Lots of people that do live trading sessions to show how good they are but don´t explain the fundamentals.
- People who do explain the fundamentals but do so in an exceedingly boring and impractical way.
- People who try to excite you about trading and making a living in trading, but you see them trading with millions of dollars and they don´t explain how the hell they got there.
- People that try to sell you 500 dollars courses that, according to the reviews because I never bought one of those, they weren´t worth the money.
Along the way, in every 20th video or so that I found, I found a hidden gem who told me a specific aspect of what I wanted to learn. But to get where I am now, I had to watch about 50 videos from different authors, which I could compile and explain in easier summarized ways or even refer you to the good source material.
So yes, finding a good structured practical and useful and FREE trading course(and that starts from 0) can be a bitch. I´ll try to summarize one for you in my next saga, starting the next week. ;)
How is your research going btw, what videos have you watched and what source material have you learned from?
That sounds great, how would you go about it?
My research is coming on slowly, i always start with google and try to find forums and chat rooms but always end up at youtube and you know how that goes.
Well, I know that you might already know some of that stuff but I´d start from total 0.
-I would first show the people how to trade their fiat currency(eg. Dollars) for Bitcoins, introduce them to finance gateways and exchanges, review the main exchanges and explain what a chart is and how to read candlesticks.
-Then I´d brush them up on some of the fintech terminlogy so that they can at least understand when they read the investopedia.
-Then I´d introduce them to technical analisys and the main indicators, how to use the moving averages, money flow indexes, and the difference between chart types and what they are used for.
-I´d explain the differences between investing, swing trading, daytrading, and explain the differences between markets(eg. Penny Stocks on the regular stock exchange vs. FOREX vs. main cryptos vs. craptocoins)
-Then I´d talk about trading strategies(the normal ones, not the super wild ones, since I´m still discovering most of the complex and bolder ones)
-I would incite my readers to share good material so we can build "a good library of bookmarks of trading videos" together.
I´m sure I can think of more things to add, but those are the ones which come off the top of my head.
I will prepare something for posting it next week(I got several other articles in the "pipeline" to be posted this week before that).