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RE: The #1 mistake most crypto traders make
I've never been a fan of chart formations and wave patterns. Other then being aware of certain indicators and looking at general resistance and support areas, I prefer to operate on fundamentals.
Of course, that's not useful to all the day traders who want instant results.
It's an awereness of both fundamental and technical factors thats important to have.
You can do very well just focusing on fundamentals and investing for the long term. Technicals can help pick good entry/exit points but if you're a long term HODLer then technicals are far less important because in the long run technical factors tend to average themselves out.
I'd be curious to know what you're holding, if you're open to sharing?
That my be true in crypto, but I'm not sure it's true in other markets anymore. The bonds of most developed nations trade ludicrously far from fundamentals.
My main holds atm are Steem, Bitcoin Cash, EOS, OMG, Neo, Monero.
I shoulda waited longer to buy on EOS though. And Neo, didn't exactly catch the bottom there either.
You are dead right about the bond markets. If you believe in fundamentals you'd have to expect a reversion to the mean is due. Though maybe we'll see a reversion to poverty if some get their way ;)
Thanks for sharing your holds. I don't know much about OMG but the rest all seem like really good long term holds.
OMG looks like it may be a big one. People are really going nuts for it. Check it out. They have some potential big partnerships coming.