Being a top trader!?
Study why traders fail, not why they win.
An industry with about 95% failure rate.
You won't be any different unless you understand what's making many to fail.
Develop your character to be the exact opposite
It's the most sensible thing to do
The hardest part about trading is not trading!
The ability to sit on your hands and wait for setups to present themselves isn’t talked about enough.
You don’t need to trade everyday, every week or even every month if your setups don’t present themselves!
Trading needs discipline, few people can hold to this.
Have a proven trading plan/ strategy and stick to it only thus trade only when it's necessary from your analysis.
It's not about the number of trades you take, but how you fully utilise a trading opportunity.
There's no better time to start Dollar Cost Averaging into Bitcoin than today.
First, the KES is very stable. That's not going to last unless you trust William Rooftop.
Second, it's selling at a 28% discount. A noticeable pattern where BTC often does this before pumping.
Third, IMF wants the CBK to quit stabilizing the shilling. Guess what direction the IMF has recommended for other nations before us under SAPs.
Fourth, check Kenya's debt maturities.. they are coming in big and heavy over the next 3 years. Extra taxation will lead into FB2024-like protests. So, the KES 5,000 note they are proposing hints at more money printing which will spike inflation. That is, the price of everything in the country goes up.
Fifth, you don't have an option. MMF returns are now looking like a dwarf. Bonds are bleeding by the day. The great performing NSE is quickly meeting investors who've been holding the bag for decades. They want exit liquidity. Bitcoin is your only safe way to preserve purchasing power.
Lastly, have you ever effed the government? FAFO!
Kenya’s first Bitcoin ATM has now opened at Two Rivers Mall, next to the NCBA ATM.
It allows users to buy and sell Bitcoin worth up to Sh10,000 without KYC.