Can we become a rich in our earlier twenties?
People in their 20s of these days often say that they have lost a ladder for class mobility.
It’s no joke trying to find a job these days and there might be main reasons for it such as inflation, stepping into a stage of sluggish development and so on..
However, there are some young people turning into a millionaire thanks to cryptocurrency and one of the representative man is 워뇨띠 or aoa on Bitmex in South Korea.
Like I said before, he first opened his eyes to a world of cryptocurrency in a bear market of 2017-18.
He started bitcoin trading with about $ 5,295.68 and now his asset became approximately $103,234,231.
He's famous for his own trading. He only counts on volume and candle.
He sometimes receives questions and gives answers.
Today's Q&A was written in June 1, 2021 and I'm gonna give you summary information about AOA's trading as my English is not good enough to translate all of writings.😂
Aoa's trading advice
1. He refers to technical indicators which many people are rely on like 1m, and 1d, not 3m and 3d because he believes that indicators lots of traders are dependent on have more credibility.
2. He didn't read any books or contents when he started trading
3. The reason why he keeps trading in spite of having over $ 100,000,000 is to rank up.
4. There haven't been books on investment that have left a deep impression on him so far but, he thinks that some basic and classic best-selling economic books might be a little helpful for investment beginners.
5. He predicts how a chart for short term will goes based on chart patterns and volume, which means the pattern like hammer, inverted hammer and head and shoulders..
(These patterns are just for examples)
* He got a handle on the chart moving by spending amount of time in watching and analyzing the chart and trading coins.
6. These days he sets to leverage 3x when trading alt coins and bitcoin
7. He always does day trading.
8. Q : Do you prefer to buy the dip or make a bet on a reliable direction?
A : He respectively prefers the former to take profit in a short position and the latter to take a long position.
9. He had been in front of his monitor for 30hours when bitcoin loses half of its value due to the Covid-19 outbreak.
10. He usually keeps holding his position for about one day until he takes a profit. He previously used to trade every one or two hours based on minute charts but his fast growing asset makes him to hold his position longer than before.
11. He pursues 40% of spot, 40% of futures, and 20% of bank deposits in his portfolio. When is a bull market, he holds 40~50% of bitcoin of his asset to deal with FOMO.
12.When bitcoin fell below 30k and touched 29k, he was so struck by it and he thought that he would have to shorten the time of the sleep.
13. He doesn't refer to divergence
14. Q : Reviewing a chart history and watching on ongoing chart, what is more important?
A : 3: 7
15. He doesn't recommend buying and holding coin.
Also, please make sure that its advice was written on June 1, 2021.
If there's something you can't understand, please feel free to ask me :)
I'll translate his other advice of March 27, 2021 next time!
Where i can read this QnA original source?
ReplyDeleteThe reason why I don't attach the link is because he often turns his account to private so people can't see his writings. If you want to see them, I recommend you to search '워뇨띠' (글쓴이=name) on DC. Only when he makes his account into public, you can see them. Also, plz make sure that there are lots of people pretending to be '워뇨띠'.
Deletehttps://gall.dcinside.com/mgallery/board/lists/?id=chartanalysis here is where he writes.
Also, aoa on the twitter is a fake account. He doesn’t have the twitter account.