Look I just want to get in front of any potential rumors. No I did NOT kill John McAfee. I didn’t even know the man personally. And just because I recently spent two weeks up in the North of Spain does not mean I hired some local goons to have him snuffed in his prison cell. I mean – sure, I COULD have. And he did after all welch on his bet that BTC would hit the $1M mark by 2020.
If there’s one thing I’ve learned in my illustrious career as an all purpose market megalomaniac then it is this time tested rule: Right when I’m getting heaps of frustrated calls and nervous emails from friends and clients – that is usually the bottom.
Just a quick crypto update since my workload has been relentless since I got back from vacation. Bitcoin is exhibiting classic trading range behavior. Up-down-up-down. Choppy, hard to read. Pressing all of our emotional buttons.
If I had to name the number 1 mental hangup that is preventing retail traders from being successful traders then it would be the constant need to be proven right. It’s a pernicious mental trap that has wiped out a many trading accounts. Unfortunately just like gravity or bad customer service in Spain I don’t see this changing anytime soon. And don’t think I am excluding myself either – quite to the contrary.