MONEY IS EVERYWHERE.
MOST PEOPLE JUST DON’T KNOW WHERE TO LOOK.
AI doesn’t replace effort.
It redirects it.
Here are 7 prompts to turn ChatGPT into a quiet money engine:
READ THIS if you are a trader or aspiring to be one:
Huss was the first to like my reply and inspired me to write more (atrached).
Here’s the cold truth. It almost never makes sense to go “full time solo investor.” There are of course exceptions, but you are likely not it.
Full time solo investor:
-manages own money
-must able to work all hours
-there are periods of time when you need to be tuned in non-stop
-work 60-120hrs per week, you have to cover everything by yourself (reading, data, execution, etc.)
-very stressful because your savings are at risk
Institutional trader/PM:
-steady salary + variable bonus or % cut of profits for the elite
-get massive leverage without personal capital at risk (I’m ignoring chop shops)
-50-100hrs per week
-work with other very smart people who can share the workload, but also whom you can learn from and exchange ideas
It’s clear that solo investing has way less upside and retains full downside. If you are aspiring to be a trader, you should go get a job and learn from smart people. If you are already a solo investor, you should go get a job if you’re good enough. If not, then quit trading and invest unless you are one of the exceptions.
The truth is most of the traders on CT, even those that have done well, have terrible sharpe/sortino’s and can’t get a job at a below avg MFT firm. They likely have underperformed hodlers. They simply did well for just being early, and gave some (or all) back trading the chop.
Of course, we need all these traders in the market for those with real alpha to make money, and it incentivizes institutional liquidity for us all. Don’t make the mistake of thinking you can beat scores of teams with dozens phd’s and years of experience passed from generations of traders. Instead, get a job or focus on investing not trading.
Exceptions:
-You are one of the .001% of elite traders who do better on their own. You have no wife/husband or kids. You’re happy to be engulf yourself in markets nonstop and do nothing else with your life.
-you’ve made it and trade part time to fuck around
-you’re a scammer, pump and dumper, ref shiller, subscription piller, etc. You’re not hirable and this is how you can maximize your EV.
Open secret for those that don’t know, all these CT influencers who draw sacred lines on charts make up entries after the fact. They say their stop is here and target there, and it looks like they make consistent money, but truth is those entries don’t happen in real time. Anyone can post an “entry” 15 mins after a swing failure pattern becomes clear, but you can’t possibly enter in the middle of it because the pattern is backward looking.
End rant.
Special announcement. 🚨
No, not about breakout $PUFF price, or that its top-trending on CoinGecko.
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Key Details👇
Notifications on- More will be revealed tomorrow when the Mint begins!
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@cryptomanran Couldn't agree more. You and your Banter team provide incredible alpha and one can see that you all genuinely care about your community. Well done on what you've built. Long may it continue.