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RE: Short-term Profits and Long-term Gains

in #cryptocurrency7 years ago

Blind Men & Elephant.

I trade options on tastyworks.com, making pretty good rate of return. I'm not large enough to move any market.

If I found a similar trading tool crypto, I'd consider trading them too.

I tend to get in when volatility is high and out when it contacts.

Lots of traders have directional bias. They tend to balance out unless the market goes asymptotic. That's always a good time to step out. Then you have funds to reload after the correction.

My view is that traders take lots of volatility/risk away from producers and consumers. Many more traders loose and win in the wild swings than long-term holders.

I've missed several swings in crypto, not my trading space. While making over 20% since November.