http://www.scmp.com/business/money/markets-investing/article/1601245/mystery-day-trader-makes-millions-betting-japanese
CIS: "Buy stocks that are being bought, and sell stocks that are being sold."
Warren Buffett: "Be fearful when others are greedy, and greedy when others are fearful."
Seems to me these 2 pieces of advice conflict. Is there a way to reconcile them? Who do we believe; oldfag wiseman, or memelord nip gamer?
And what does it mean for when I should decide to buy moar BTC? Right now, in the middle of the dip? Or later, at the beginning of another bull run?
CIS: Go long when the trend is up, go short otherwise. He is talking about stablished trends only.
Buffet: He is taking about trend changes or extremes.
There is no contradiction.
>>3314508
Perfect example of survivorship bias. Millions of people day trade like this. Just based on probability there's bound to be some guy that hits every time and gets rich
>>3314702
So should I buy buttcoins right now then.
Assuming the overall trend is of cryptocurrencies accelerating the very imminent future of fully-automated luxury gay space communism?
>>3314508
Margin trading is too balls deep to bet on losers...one strategy is outrun the bear, this strategy is outrun everyone running from the bear