There is plenty of money to be made in the markets. This is what a great deal of the allure resides. If that is the case, how come most do not make money in the markets?
In this video I discuss how the retail money is always the last in and out. It seems that is always fall on the wrong side of the market moves. For this reason, to make money, we should do the opposite of what the masses do.
▶️ 3Speak
Of course, quite the opposite, it is a good strategy because most of them may have ideas, but the markets behave in different ways, so the opportunities are there, we just have to know how to detect them and take advantage of them.
Nice point.
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It’s certainly different and hard to do the opposite of what mass markets do, all the time. A fair amount of things are scams sadly. Trying to find the things that aren’t and get in early can be awesome but a challenge!
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True, good point, we must be careful.
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I agree but the markets are unpredictable. Anyone buying the dip after 8 red weeks believed there would be a rebound and it never really happened. So sometimes, it's just tough to know if you did the right thing but locking yourself into FOMO is not the right answer.
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True, you have to DYOR and decide how to deploy your capitol, hopefully you DCA in to avoid missing the bottom or the top.
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View or trade
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I agree with the idea that you need to do what most aren't doing to be successful.
Statistically speaking the top 1% are doing what the other 99% aren't doing.
I think they are investing in assets
Reducing liabilities
Living below their means
Investing not saving 50% or more of their income.
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to have a self journey and the experience, having risk management and fishing elon musk tweets to scalp dogecoin lol non financial advice
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Summary:
In this video, the speaker discusses the challenges people face when trying to make money in the markets. He emphasizes that despite the abundance of resources and strategies available, most individuals end up losing money in trading or investing. The speaker attributes this to common misconceptions such as viewing the markets as a casino and the tendency for retail investors to buy high and sell low. He discusses the importance of going against the crowd to achieve success in the markets and mentions Warren Buffett's advice of buying when others are fearful and selling when they are greedy. The speaker also reflects on the current state of the crypto market, highlighting the opportunity presented by lower prices compared to previous months.
Detailed Analysis:
The speaker starts by acknowledging the various training techniques and strategies available for making money in the markets but points out that despite this plethora of resources, most people still end up losing money. He highlights the allure of the market's potential for quick gains through leverage, which can be enticing but also risky. The speaker suggests that a misguided view of the markets as a get-rich-quick scheme contributes to individuals' losses.
The speaker mentions the common comparison of markets to gambling and questions the validity of this analogy, emphasizing that markets behave as markets do. He acknowledges that markets can be manipulated but does not believe this manipulation is the primary cause of people losing money. Instead, he attributes losses to individuals failing to make wise decisions in the market.
The speaker discusses the behavior of different types of market participants, distinguishing between retail investors and professionals. He explains that retail investors often tend to buy at market tops and sell at bottoms, while professionals are ahead of the curve and make informed decisions.
The speaker emphasizes the role of fear and greed in driving both individual participant actions and market movements. He highlights the importance of overcoming these natural instincts to succeed in the markets. The speaker references Warren Buffett's famous advice of buying when others are fearful and selling when others are greedy, emphasizing its simplicity yet difficulty in execution.
Regarding the current state of the crypto market, the speaker notes a significant drop in prices, making assets more attractive than they were months ago. He speculates on whether further price decreases may occur but stresses the opportunity presented by the current price levels for potential buyers. The speaker reflects on his own experiences of blowing up trading accounts and emphasizes the importance of going against the crowd and taking actions that are contrary to the majority in the market.
In conclusion, the speaker advises viewers to be mindful of going against the grain in the market and urges them to consider adopting a contrarian approach to increase their chances of success. The video closes with a positive message, wishing viewers a great day and indicating a future episode to come.