xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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Join BitDAO to earn a $BIT token here
Everyone believes that Wall Street is a heaven for investments 😇. At least all movies and promotional news portray it to be.
Unfortunately, it is not 🥺.
There are full of traders that try to beat the market - day traders 🤯.
One of the legendary day traders is Jesse Livermore. He is the guy who invented the technical analysis.
Have you ever heard about technical analysis? Sounds fancy 😉?!
It is a fortune teller's skill to try to predict the market 🔮. Sometimes they were called chart analysis.
An old saying is that 90% of day-traders lose their money because technical analysis is complicated to master 🤑.
However, the real reason is that day trading is 90% of the time not working!
😏 Should I risk betting on that 10% which works?
You should not because only 0.1% of that 10% will make your success. And the rest of 9.9% is just pure luck!
Still don't convincing?!
Let's take a look at the legendary life of Jesse Livermore.
Young Jesse is very good at betting. He is not investing or format trained. He was just very good at betting intuitively.
His first bet at age 15 earned him 62.4% of profits.
At 16, he bought a house from his full-time day trading job.
At 23, he turned his $10K into $50K in five days. That is 500% gained in 5 days!
Again, at the age of 24, he turned $10K into $500K. That is 5000% gained in one year! That is equivalent to $7.5M in one year of income!
He did not stop from here and retire. On the contrary, he got even crazy successful from here.
At the age of 30, he won another bet of $250K, and at the age of 31, his other bet won him $1M in one day!
All his five bets made him $300M in total or $1.5B equivalence to today's money.
Wait a minute, I thought you wanted to convince me that day trading is bad but look at this guy! 🧐
And Jesse was a self-taught billionaire at the age of 31! What a Wall Street Legendary!
End of the story! 😅
But...wait...
He lost everything in the next five years, and before his death, his net worth was negative $2.5M or $37.5M debt nowadays😭!
It only took him another five bad trades to lose everything after all.
During those bad trades, his mental health declined eventually got suicide in 1940 at the age of 63.
Today, there are so many Jesse Livermore wanna-be in the market.
People remembered the early part of the legendary journey but forgot how it would end.
To sum it up:
To be a successful day trader, you need:
✅ start gambling as early as possible
✅ win at least five bets consecutively
✅ self-taught genius
If you got all three above, you would likely become a successful day trader 💯!
Join BitDAO to earn a $BIT token here
Everyone believes that Wall Street is a heaven for investments 😇. At least all movies and promotional news portray it to be.
Unfortunately, it is not 🥺.
There are full of traders that try to beat the market - day traders 🤯.
One of the legendary day traders is Jesse Livermore. He is the guy who invented the technical analysis.
Have you ever heard about technical analysis? Sounds fancy 😉?!
It is a fortune teller's skill to try to predict the market 🔮. Sometimes they were called chart analysis.
An old saying is that 90% of day-traders lose their money because technical analysis is complicated to master 🤑.
However, the real reason is that day trading is 90% of the time not working!
😏 Should I risk betting on that 10% which works?
You should not because only 0.1% of that 10% will make your success. And the rest of 9.9% is just pure luck!
Still don't convincing?!
Let's take a look at the legendary life of Jesse Livermore.
Young Jesse is very good at betting. He is not investing or format trained. He was just very good at betting intuitively.
His first bet at age 15 earned him 62.4% of profits.
At 16, he bought a house from his full-time day trading job.
At 23, he turned his $10K into $50K in five days. That is 500% gained in 5 days!
Again, at the age of 24, he turned $10K into $500K. That is 5000% gained in one year! That is equivalent to $7.5M in one year of income!
He did not stop from here and retire. On the contrary, he got even crazy successful from here.
At the age of 30, he won another bet of $250K, and at the age of 31, his other bet won him $1M in one day!
All his five bets made him $300M in total or $1.5B equivalence to today's money.
Wait a minute, I thought you wanted to convince me that day trading is bad but look at this guy! 🧐
And Jesse was a self-taught billionaire at the age of 31! What a Wall Street Legendary!
End of the story! 😅
But...wait...
He lost everything in the next five years, and before his death, his net worth was negative $2.5M or $37.5M debt nowadays😭!
It only took him another five bad trades to lose everything after all.
During those bad trades, his mental health declined eventually got suicide in 1940 at the age of 63.
Today, there are so many Jesse Livermore wanna-be in the market.
People remembered the early part of the legendary journey but forgot how it would end.
To sum it up:
To be a successful day trader, you need:
✅ start gambling as early as possible
✅ win at least five bets consecutively
✅ self-taught genius
If you got all three above, you would likely become a successful day trader 💯!
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