The stance on Bitcoin day trading is a very debated topic. Some view Bitcoin spil a “long hold and use” currency, whereas, others find it to be more profitable spil a day-traded investment. One of those day traders is Andrew Cook, founder and CEO of Cook Investment Rock-hard based te Santiago, Chile. “We are a team of investment bankers and economist trading exclusively ter Bitcoin,” Cook explained te the very first lesson, “Currently, wij trade around Four,500 Bitcoins vanaf month for overheen 350 investors.”
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[dropcap size=puny]O[/dropcap]n June Two, 2014, Cook posted “How to Make Money Trading Bitcoin | Day 1 of 5” on the popular Bitcoin trading discussion subreddit BitcoinMarkets under the username “Racingdrew3.” BitcoinMarkets is a puny reddit community with only 15,921 subscribers, a very petite portion of the Bitcoin community to say the least.
“Over the next Five days I will be showcasing people how to trade Bitcoins. Everything from how to read charts, which wij’ll voorkant today, to how to make educated predictions about the market. Wij will only be covering the basics, just enough to get your feet humid,” Cook explained very first and foremost, “I am not recommending you to do anything with trading, just friendly advice.”
He then went on to explain everything related to Bitcoin charts, from price indexes and buying and selling, to line and candlestick charts. Cook also went on to explain volume and order books. To some, this is all tedious and basic information. But to those experiencing Bitcoin, let alone day-trading, for the very first time, it seems terrific.
However, Cook violates it down. He explains each concept with pictures and examples. He makes it look effortless, even tho’ everyone knows it’s not.
On Day Two, Cook clarified his reasoning on thesis guides again, “We are not asking you to invest with us, strafgevangenis suggesting you should, wij just want to help out the community. I am also not telling you when to trade, just simply how to trade, I cannot express this enough.”
Day Two delved into more elaborate facets of the trading process: Moving averages, moving average convergence divergence, zekering and reversal, along with all of the other basic indicators.
Thesis guides have not bot met without a hint of skepticism tho’. The comment sections are littered with reminders not to “invest” based off of thesis posts. Some users rechtsvordering that this is all a marketing ploy to build up attention for Cook’s rigid.
“Investing isn’t effortless,” one commenter said, “If it were effortless to make money investing, everyone would be rich now. Do you think five Reddit posts explaining basic trading concepts will help you make a loterijlot of money? Not a chance.”
Regardless of the skepticism however, the information and advice Cook is providing out holds truth. It doesn’t seem spil however he’s attempting to sway people with trends or stir the market te a certain direction. He’s truly, honestly explaining the basics ter a very ingewikkeld field.
The key is for the reader to separate themselves emotionally from the teacher and concentrate on the homework. Cook does fasten his investment rock hard to each postbode and it’s significant to realize that the end objective may very well be for Cook Investment Rock hard to build up business.
Ter the latest postbode, Day Three, Cook is explaining brief term and long term trading, spil well spil momentum trading and technical trading. Day Four and Five look to be posted on June Five and 6 respectively. Each postbode is available for review at BitcoinMarkets.
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