Sunday, May 24, 2020

Day 432 - Fear and Greed – Part 1



I have observed markets for a couple of decades now, but have not put much money into it, just watched.  With that said, I have had some limited success, such as buying Bitcoin at $889 just before it went to 20k, buying Litecoin at $53 just before it went to $420, and buying silver bullion at $33 just before it spiked to $50.  I was 3 for 3 on these calls and could have literally made close to 80k between all three of them if I had a discipline established before-hand.  Instead, I made a sum of about 5k between all three of these. 
Outside of that, I have watched countless hours of technical analysis on youtube and have thus developed the ability of technical analysis for myself very nicely.  I have also developed the skill of identifying trends early to a fairly good degree.  These abilities I have already developed for myself are a great platform to be a successful investor (of course these abilities are always being improved) – evidenced as recently I was able to call the bottom of the stock market crash in late March of this year and then pick the hottest sector, mining stocks, buying at their all time lows.  Two months later, between mining stocks and one other stock where I literally doubled my money in one day, I am up 5k from an initial $7,500 investment financed with 0 percent interest credit cards.  That is a pretty good return in these last couple of months, and shows promise; but if I had my shit together, I could have easily more than doubled my money in these last 2 months with the same investments. 
So, with all of this said, I would like to take investing very seriously now, and hone this skill to the point where I can make a living off this on the side.  This would be ideal because this skill could easily make me very wealthy in my spare time, while then allowing me to turn my attention to what I would really would like to do full-time: Techno Tutor sales, something that is not easy to do while working a traditional 9 to 5 in sales like I do now, and has been a point of frustration for me for years now. 
So, this success in the markets in the last couple of months says to me that this could be a turning point for me.  This is the first writing, to help hone my skills as an investor, using TT and self-forgiveness to help me make money easily so that I can then focus more time on creating a world that is best for all through the development of myself as a successful Techno Tutor distributor.  The TT word list I have already done.  The next writings will be SF on the TT word list.

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