It's been a minute since my last trading update. Time to bring it back a little more!
I love trading and I've talked about it many times in the past. I also always preface my posts about trading with the following disclaimer:
Trading is very different than investing. Trading crypto is VERY different than trading just about anything else in the world.
Be very careful about how you trade and how you operate, this stuff is dangerous!
And now, on to the fun bits!
When I trade, I approach it very differently than investing. I approach it with the mindset that whatever I put in is what I'm likely to lose.
When I trade, I'm looking for those small little gateways to profit that people aren't really aware are even there. They're the smaller plays.
Done on a 1 by 1 basis, they really don't amount to much. When you do them on a much more scalable basis, you can see massive results.
Thus, you can see that many traders get caught up in chasing after the 1 big whale when many small fishes will suffice over the long-term.
Investing in a long-term income-based strategy produces similar results. It's all about the long-term and consistent, albeit small profits.