The Thief’s Almanac

After speaking to “normies”, I realised one of the biggest misconceptions is that there is no edge in trading (especially crypto) if you don’t have a $500k system coded in C or something. 

Trading is at least 50%, imo a lot >50%, psychological. Some people have traits that predisposes as better (or worse) traders. Knowing how to take a loss is imo the *number one* success trade. With a bit of experience, these people can know when not cut losses too quickly. But you can almost never teach people in the inverse sense.

Just wanna give the other half of the pic. There are unique challenges and snakes in crypto. 

- smart contract exploits
- losing private keys
- stablecoin depeg
- exchange blowup
- fundamental analysis traps
- ease of access to leverage 

These are nothingburgers with the right framework. But can see why the average joe stays away. And please for the love of god stay the fuck away.