tales from the crypt

posted last week on envids site...... will try to catch up here.....
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a good friend asked me about doge coin last friday..... he had bought a lot...... it was something i had never heard of..... which shows my knowledge of crypto's......

but trading is trading.....

this weekend i read everything i could find on DOGE, ETC, ETH, BTC, BCH, BSV......

opened an account..... and took the plunge......

one thing that strikes me as nice is that it is truly 24/7..... of course you knew that, but i didn't......

there seems to be a cult following but more and more traditional institutions seem to warming up to the idea..... wells fargo bank mentioned it today.....

being able to buy fractional coins has an appeal to my brand new and very small crypto account.....

another thing is the wide daily ranges .....

and like forex, the pattern day trader rule does not apply .....

this was probably a good week to dive in for someone looking to the future...... todays terrible moves stand a good chance of being repeated before the uptrend continues.....

the 50 ma is below the 100 on all, so it's small limit buy grid trades for me......h

blink......

malcom gladwell's book 'blink' is about making snap judgements...... judgements that are made in the blink of an eye..... that concept is universal....

a downhill skier traveling 90 mph only has a split second to decide on his path around that fast approaching tree.....

it can apply to high pressure trading like paul tudor jones..... we've all seen his videos were large amounts of money made or lost in a blink .....

or, we can back away take our time and look at the big picture......

we can blink, blink again, and even take a nap..... prepare yourself for support.....h
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Hi Bruce,

Any updates?
How are you doing in the Crypto world?