Pro-Traders Answer THE Million Dollar Questions...
Crypto Banter
Introduction to Trading and Interview Overview
- The hosts, Fafideh and Adrian, discuss trading and interviewer Adrian's background.
- Adrian is a professional and profitable trader with a CMPT (Chart of Market Condition) certification.
- He has been trading since 2015 and has a large following on social media.
Adrian's Trading Journey
- Adrian started trading in 2015, initially focusing on currency fluctuations while running an e-commerce store.
- He became a full-time trader in 2017, after graduating from his first studies and before starting his second master's degree.
- Adrian's journey to profitability involved many downs, including blown accounts and significant losses.
- He emphasizes the importance of learning and education in becoming a successful trader.
Advice for Beginners
- To become a profitable trader, Adrian stresses the importance of persistence, discipline, and investing in one's education.
- He recommends starting with a small amount of money, such as $1,000 to $2,000, and setting realistic goals.
- Adrian suggests that new traders engage in community forums, participate in airdrops, and consider taking courses like the CMT (Chartered Market Technician) to gain a solid foundation in technical analysis.
Key Takeaways
- Trading is a marathon, not a sprint; it requires patience, discipline, and a well-thought-out strategy.
- Risk management is crucial to avoid significant losses and stay in the game long enough to catch big wins.
- Trend following and break-out strategies can be profitable, even with a lower win rate, as long as risk is managed properly.
- Social media and influencers can have a subconscious impact on trading decisions; it's essential to limit exposure and focus on facts and reliable information.
Conclusion and Resources
- Adrian can be found on Twitter and his website, where he offers free and premium educational content, including infographics and newsletters.
- His resources are available on Burnnas.com, and links will be included in the description of the interview.
- The hosts appreciate Adrian's time and look forward to future conversations.