my mentor helped me to develop and grow
my strategies and and that's really
where it started now you've got that
choice which is slow and you've just
very difficult to get on a trading floor
right it's hard to get in there you
gotta be pretty damn persistent I was or
you can go along and actually find
someone who has trading strategies and
you can learn from them if you think
you're gonna go to youtube and pick a
little snippet from Joe over here and
sandy over here and Peter over here and
put it all together and have success
you're wrong...
Full stop. It will not work that way...
Dear crypto community & blockchain buddies
across the globe welcome back to season
2 of Cryptonites, we are here live from
the CC forum in beautiful London and
we're gonna dive deep into technical
analysis different financials
related to crypto currency as a new
asset class and we have an amazing
guests, 13 years of trading experience
Craig Cobb aka
Trader Cobb. Good to have you my friend. Lovely to be here... Thanks for talking the time
Thank you so much for and thank you for the seminar
yeah that's got a really good time doing
that your whatever your energy levels
man how do you keep your energies levels
so high from the morning yeah I do get
asked that quite a bit the front the
best compliment I've ever actually had right
was Steve Owen everyone knows Steve Owen in
the Crocodile Hunter that guy right
he had a biggest amount of enthusiam no
I grew up with that dude I was in
Australia tbh were with him hanging out
having fun right he's eaten two days and
rubbed off on me don't get me wrong I do
get tired I love what I do but I'd have
a wim HOF breathwork thing right so I'm
done with all these breath cycles to
bring me back to life after a while but
say it's just who I am like you do like
you got a massive personality - it just
comes out here naturally
thank you so much but it was contagious
like seriously I enjoyed your seminars
so much and I hope more and more people
can go there and especially like these
days there's a lot of BS in the space
and we'll dive deep into that later but
and so my first question for you
Craig is gonna dive into cryptocurrency
as an asset class so you have 13 years
of experience you went from equities to
FX yeah but now you fell in love with
cryptocurrency. Yep could you tell us a
little bit about those transitions yeah
sure it's funny I've done a full circle
back to London where is where I learn to
trade was in London I havent been here for
eight years at the CC forum having me back
I'm pretty stoked to be running around
looking everything again just have
enough time here but equities foreign
exchange, bonds, commodities you name it
I'd trade it and it's because I trade
technical analysis which is basically
human emotion on a chart and the
reason we have any crypto is it look
it's it really is dead-set simple mate
when it comes to it,  you've got the most
volatile market in the world
now you get volatile markets and
other sectors but they tend to be like
small cap little tiny volume type things
you look at BTC look at etherium
xrp, EOS, litecoin these have proper
volume which allows you to get a
decisive that you want to get and when
you can get a decent sized position in a
market that moves so astronomically fast
and hard like Bitcoin or crypto assets
you just can't look back it's
like you know the most intensely fast
market in the world go for Ferrari back
into a Mini Mok? You'll stick with the Ferrari
right? Yeah definitely so is it kind of
like a kid like getting into this candy
store for you in that sense because it's
so volatile it's so exciting yes and no
because the kid in the candy store just
wants to eat everything and chug in their
face then they're sick right so
kind of yes and no and yes there's a
lot going on the problem is a lot of the
Candy's poisoned as in a lot of the
projects suck, the volumes are low
they're very thinly traded asset classes
a lot of them are highly manipulated
because if there's low volume going
through them it's very easy to screw
with the books so there is a way of
doing it and as you have a larger
account you need to be more selective
with what you trade but I mean that's
what we do man like we teach people how
to look at a chart and understand if a
markets thin and not tradable or furs
enough orders going through and one of
the things that really annoy me about
and there are many okay there are made
don't you get me started but one of the
things that annoys me is all these
people are talking about oh look at the
order books of the other books the order
books are lying they are lying it might
say 30 here behind the wall there's
about 600,000 now you can't look at the
order book and think you know what
you're doing because it's just smoke and
mirrors you're gonna look at the actual
trades and transactions that have gone
through so there's so many things that
because I've been doing this for such a
long time I understand what's going on a
lot of people are there so most people
are out there "trading" and I don't say
that to be disrespectful because they
don't know what they don't know but
there really just having a punt
people say to me oh I don't use stop
losses Craig because I always get
stopped out it's because you're a crap
trader
that's why stop losses are there to
minimize your risk and that's what we do
is it you have to minimize your risk as
a trader if you don't have capital you
don't have anything. That's such a great
lesson in so many incredible lessons are
coming through your seminar
there's one thing that you talked
about when it came to trading your like
you said "many people have technicals,
they have indicators but very few have a
strategy" yep
so if you don't mind diving deep into
that because that was really really
inspiring when you well thanks man
yeah I mean look at the end of the day
what you gonna think about is a pantry
of 5,000 ingredients in a professional
kitchen right now if you've been asked
by a shift but make a souffle ya know I
don't know why souffles are so difficult
but it always seems when these cooking
shows everyone struggles with a goddamn
souffle right you've been asked to make
10 souffles you've never seen a souffle
you never tasted a soufflet you've never
seen the recipe for a soufflet you've got
to come up with Sandton souffles they're
walking on a kitchen that's 5000
ingredients everyone you try and pick
the right ingredients and the right
system and process to forego it through
and then put it in the oven for the
right amount of time what are your
chances are getting that right nil
you're not going to go right now
that is what trading is right now you
can go on you can have 5000 goddamn
indicators and you can make your chart
so you actually can't see the price
action you just can't see well you go to
say hijiki
you burn a little all this crap it just
it just causes you to I'm just like not
understand what the hell's going on so
this is the thing that I get frustrated
about people teach technical analysis
but technical analysis is like a some
sugar as sugar by itself doesn't bake a
chocolate cake yeah
ingredients coming together to create a
confluence of events that provide you
with the precise entry place thought
wasn't target or targets that is a
trading strategy and what we do is we
have a checklist based system yeah I
created that from myself I didn't build
this stuff for others all right I did it
for myself so I could be strategic
structured disciplined and focused and
efficient with my time so that's the
reason why I think it's really important
that people stop looking at trading as
as the technical analysis tool and start
looking for the recipes that come
together to create the magic because
without that you're just pissing in the
wind man we look at this moving average
zone between the ten period and
20-period moving average I call it the
cradle because it tends to be where it
gets cradled before it grows up yeah I
don't know it's an Australian thing we
have all these different things that we
say you'll get over and you'll get used
to it
we said pull in once it moves away Paul
then again moves away we see this
wonderful cycle the best thing about
this cycle is it's on any timeframe and
any asset class okay so it's not just
the weekly where this works it works in
any market as well in any timeframe so
it's an incredibly powerful thing to use
now of course this is one ingredient
that I use in the way that I teach
people to trade in the way that I trade
myself is through a little checklist so
you're going through essential factors
and ticking them off I don't teach
things that you don't need to know very
big difference between trading technical
analysis and trading strategy that makes
a lot of sense you know like when you're
creating this checklist of trading
strategies or or specific tasks that
will create your strategy like how can
someone start by doing that like you
have any tips on how for people out
there thinking like oh but I don't know
how to build a strategy are there any
ideas and Loretto starving I mean
honestly I speak from my experience you
know my dad's a builder it was a builder
X building that were tired he said to me
very early on in my life he said look
you know Craig Weber doing is a copy
someone who's better than you and make
it your own and that's what I've done
I've been fortunate to work with some
amazing traders here in London in New
York in Sydney in New Zealand I've been
very very fortunate and for me it was
about I will make your coffee I will get
your baking an egg roll I will literally
do whatever you want so long as I can
stay here and learn from you and I was
working with six traders at the time and
I learned a lot from them then my mentor
helped me to develop and grow my
strategies and and that's really where
it started now you've got that choice
which is slow and you it's very
difficult to get on a trading floor
right it's hard to get in there you got
to be pretty damn persistent I was or
you can go along and actually find
someone who has trading strategies and
you can learn from them if you think
you're gonna go to youtube and pick a
little snippet from Joe over here and
sandy over here and Peter over here and
put it all together and have success
you're wrong
full stop it will not work that way it
will mate maybe take you years and years
and years and here's the other thing I
find really frustrating is that people
have been trading for something I think
I've been trading for seven years
already who cares yeah I couldn't care
less
are you consistently profitable have you
been trading six months into consistent
through those six months you're better
than the person who's been doing over
ten years because you can look out you
can be jumping and grabbing it all the
flashy things like you indicator here
and you think here new thing here all
you're doing is spinning around and
around and around like on the
merry-go-round you can't get off the
goddamn thing you've got to get off at
some point and get into that Ferrari and
start going forwards if you don't will
you just keep going around in circles
right yeah definitely so the trading
strategies are really for consistency
absolutely that why you have a strategy
consistency of approach equates to
consistency of returns the one thing
that I can't teach we try a lot in the
psychology side of things and the very
fact that it is so structured through a
checklist is I can't teach patience
alright a lot of people will over trade
a little take too many trades right and
then on the trades look I'm scared but
what you've got to understand is that
it's about trading frequently when the
market allows it 80% of your profits
will come from 20% of your trades is
taking the step by step approach the
consistency of this strategy you as an
individual you've been in the courses so
you as well Alex you need to understand
that you've got to put yourself in the
right headspace because the only
variable wants you what a checklist
system is you so you need to work on
yourself to make sure that you know
you're cool calm and collected when the
time comes to sit in front of a computer
screen yeah so just be mentored trying
learning about yourself and then just
finding what rules are best for you
basically that consistency so I know in
your course you talk a lot about MACD if
you don't mind telling us what is MACD
and why you love that as an indicator
for cryptocurrencies
yeah sure so my clear stance on moving
average Convergence and divergence
now you know because I talk a lot about
convo and divergence occurs from my
point of view I don't use indicators I'm
never using indicators it put me into a
trade I'll never use the indicator to
get me out of a trade an indicator it
will never make me hit by and it will
never make me hit sell because they're
the two options you've got in these
markets right strip all the rubbish back
you can buy your himself that is all
that you can do there is not
there was literally nothing else that
you can do so it needs to be simplified
now I use the MACD in agreement with
price action so for me
the MACD or the price of a price action
is my god it is my kingdom it is my
everything I know everything about price
action that there is to be known at the
moment I continue to try and learn more
and that's just because of the you know
more than 20,000 hours I've spent
staring at computer screens sounds
boring it can't be but so the MACD for
me I need MACD to be an agreement with
the trend
so what MACD does for me as opposed to
like making me buy or sell it's kind of
like a mate the days only about the job
for the bridge dude it's it's too
shallow don't do it it's mid tide you go
or maybe I could jump maybe I won't do
it but it's not worth the risk I'm I'm
gonna step back and I won't do it so the
MACD for me tells me the same thing
momentum starting it look it's waning no
I don't want to be with the waning trend
I want to stick with the same trend so
it helps me to stay out of trades one
put me in won't take me out but it will
stop me from actually taking a trade
awesome thank you so much for that
chambray mr. hanray
and and there's some so many interesting
things that you said obviously if you
give fish to a man you feed him for a
day if you teach him how to fish you
feed him for a life but many of these
online youtubers may be giving them the
wrong pod to actually fish or a lot of
people seem to be copycatting each other
or just taking random technicals and I
remember one part of your seminar you're
like calling out a few technicals which
too you don't make any sense at all such
as the RSI and you also talked about it
was sloping a lot of celebrity friend
lunch yeah yeah you tell us about all
the others ascending triangles
descending triangles yeah let me just
let my social media short gonna buy the
white line is a 10 period moving average
the purple line
well that's the 20-period moving average
and I don't use crosses I don't use a 50
period moving average or the 200 period
moving average I don't care about a
golden cross or a dead cross because I
understand what a moving average is it's
a moving average of
that's what it is so what happens is
when the market does this and doesn't
move a great deal it's like two snakes
making love they're intertwined wrapped
up together as soon as the market moves
either up or down and then you see it
unfurl and they're nice and open it
makes it a wonderful wonderful hindsight
indicator Heights light indicators can't
do anything for us so I use moving
avenues in a very very different sense
that's why no offense to anybody out
there who uses these things but there's
a lot of people out there trading the
crypto asset market at the moment who
really don't have a clue and that's okay
because you know I started with nothing
as well I had to learn from great
mentors and go through the hard knocks
myself
yeah it looks social me I mean where the
analogy of our give amount of fishing
beautiful life yadda yadda that thing I
think the problem is there's a lot of
these social media people is they're
actually giving you a tennis racket to
play golf yeah it's like you're going to
the wrong field to play the wrong sport
with the wrong tools it doesn't make any
sense right but because they've got a
big following of kill so they must know
something you know what that will make
Kim Kardashian the expert on Crickley
the second year was a mouth about it
right so from my point of view when it
comes down to those indicators it's how
you look at how you use them now don't
get me wrong on others dudes out there
and chicks out there that know exactly
what they're doing that they're doing
well they're trading well and they're
using all sorts of different things I'm
not the only player I certainly don't
think that I'm the only person in the
world that knows how to trade I just
know what I know
all right and because I've got to be
strict in my methodology the rest of its
shit asked to me right
from my point of view the RSI seems to
be a really big one here in this country
I saw it in description in this
community is in crypto overbought our
site under board RSA why does everyone
put such an emphasis on it's because
it's taught in day one of the crypto and
day 1 of trading books RSI most of the
crypto community still haven't read the
first chapter I've read the book six
times have written my own do you know
mean so with RSI it's you know if it's
overbought so to speak 90% of my trades
are an RSI is overbought and the
traditional sense of using it because it
means is a strong trend so I'm not
trying to trade against the trend if
you're if you're if the RSI is up and
you go okay
down through the 70 line I'm looking to
sell then that means you're selling
against the train I don't try and pick
bottoms because you get smelly fingers
and I don't try and pick the top okay
because it's too dangerous
take the chunk in the middle man and
that's the more consistent place to be
so that's what RSI for me it's not an
indicator that I use MACD as well I take
the signal line off right because what's
the point of it
there's no need at all to look at those
crosses because and same way that you
know moving averages all the 250 period
moving average crossing over you do
realize that while the markets going
like this it's like two snakes making
love they're wrapped up together all
over the place as soon as the market
starts to move
they unfurl and now it's the best
hindsight indicator you've ever seen
because before every big move is across
well they don't realize is well the move
hasn't happened while it's still
sideways they twist it up so again and
it's a complete false fallacy about you
know how important the dead cross or a
golden crosses means absolutely nothing
to those that know what they're doing
that's really interesting I mean I was
blown away when you were talking about
how the RSI well it just tells you if
it's overbought or oversold but when
there's a trend it's overbought so it
makes a lot of sense on how that might
not fit you know or might not be the
best criteria what's an indicator okay
it's what people forget to realize is
there's logic behind everything they
throw the logic out the window to focus
and what they think they want to obtain
from whatever it is right so from my
point of view in RSI it's an indicator
okay so let's think of where else
indicators are used okay you're driving
on the motorway you get a turn right
there's a head-on traffic right 110
kilometres an hour all right big truck
right there your indicators on right
does that mean you're gonna pull it in
front of the truck and kill yourself no
it means you left the indicator on
that's it it doesn't it's not called an
absolute er for a reason it's an
indication of what might come people are
putting too much power into an
indication of what might be as opposed
to looking at all the individual
ingredients to collectively momentum
wise understand we're likely to go next
and in trading all you have is
probabilities you literally have nothing
else nothing else definitely and so
talking about the slopping the sloping
lines you know that
is so funny you have one page in your in
your seminar book where you have like
ascending triangles descending triangles
all these sloppy lines all over and you
just came in with a ruler and said 180
degrees that's it yeah that's all you
need stop what all it is these crazy
lines on your chart can you tell us a
little bit more about that that was yes
might absolutely look like I had a
fantastic mentor for a good four years
and he's like look just follow me I'll
teach you how to be a great traitor
don't worry about it we'll get there all
you need to do is do what I say okay
cool that's easy I kept drawing Slurpee
trend lines of guys look I'm like oh and
it better I know what to do with these
things these are fantastic you guys one
day look if you use them anymore you're
gone okay all right got rid of a
changement rating for evan and the
reason i used to use them is because i
used to try and trade bounces off of
these sloping trend lines my problem is
what would you do okay I know everybody
who's watching this right now if you're
using slope interns you've done this
guaranteed 100 you had your line here is
you go try to bounce off it didn't quite
get there so you move it and now it hits
now the market is a partner and dance
okay the market is a partner don't get
me don't with your way I'll tell you
what that means right when you're on the
dance floor you're swinging around and
she doesn't know how to dance you know
you drag her everywhere or him
everywhere and obviously you look an
absolute twit you got two left feet
you're gonna elephant dancing right now
if you've put some training into things
you look wonderful and magnificent if
you go to the market and you try and
jerk the market to where you want for
the outcomes and you desire and I'm
gonna work because the market doesn't
give a shit about you it doesn't care
about you you need to care about the
market and get in its flow and dance
with it right you can't go into it
trying to do things so with the sloping
trend lines they're too subjective if
you've got a thing that you can have
that the only degrees you don't have is
zero and 180 you can literally do
whatever you want
180 objective like every other trading
will I've got objectivity wins any
subjectivity at the back kick it out and
that makes a lot of sense because you're
saying like 180 degrees you cannot
change it you cannot be subjective is
what I've said and it doesn't have 360
degrees which makes things even more
complex and more subject
yes objective thinking for outcomes
based on the two things you can do you
can buy you can sell
let's keep shit simple from now on let's
get people to actually learn how to
trade and not just go out there like
with candlesticks or shooting star wars
and doji who cares what Tom Dick and
Harry caught nothing I don't care it's
the story that the market is telling you
I've been reading this story for the
last 13 years every single day I'm
pretty good at reading that book so it's
about understanding what is actually
going on as opposed to what you think
might be going on because you've read
some crappy book somewhere when to buy
and when to sell when to buy is when
you're looking for price to come back
into that cradle zone in and around that
10 and 20 period moving average when it
gets very very extended from that moving
average that's at which the price you're
looking to sell and the more time you
develop in the market the more you learn
the more you understand the more this
will make sense to you but just using
these two very simple moving averages
that 10 and 20 period will help you in a
massive massive way so when we're and
there's one really funny thing that you
were talking about the bees so if I'm
tracing the line that one a 180 degree
line you know to try to find support and
resistance yes what if it doesn't
perfectly trace you know I can actually
there's also a right so go there very
simple rule the reason I say these
things because people will remember it
okay it's about thinking something into
their heads I remember if you go draw a
horizontal line and it doesn't mean
exactly ones poking through just a
little bit it's called the bees dick
rule alright because it's poking through
just a little bit well how BIG's a bees
dick it's pretty small just poking
through the bees dick well it's okay
trailer above these dick so speaking by
the way that's probably the Australian
me I suppose that was so cool man so all
we need to do is it doesn't need to be
perfect but we can understand as long as
it's just like a little tiny bit going
through hey it's okay it's respected
that horizontal level and I'm cool with
that yeah obviously
Craig you want this space to succeed you
really want cryptocurrency to define
itself as an asset class yeah having sub
asset classes
you know today bitcoin is the real mover
whenever a Bitcoin moves unfortunately
the market or fortunately obviously I
would love to hear your take moves with
it in tandem how do you is that good
thing for us or a bad thing the fact
that Bitcoin leads the entire market
yeah look it's um it's an interesting
thing I mean whether it's good or bad
I'm neither for or against what you need
to understand though is that it let's
say you were trading with margin which I
love to do of course and a little bit
for a lot so I'll take that every day
let's say you're trading the market from
when Bitcoin goes up yet the rest of the
market does tend to follow it so you
just need to manage if you're going to
go be if you've got three trades Bitcoin
extra big moment USD theorem USD and say
EOS USD you've now got three percent if
you're risking 1% per trade exposure to
what the USD yeah so if the whole market
goes up you're gonna kill it if the
whole market goes down there goes you
three percent so you've got a look at
risk management not just on the size of
the trade that you're taking but also
the correlated pairs so if I was to
trade long a theory in Bitcoin and along
a theory of dollar they're two totally
opposite trades because once matched or
once paired against the base rate being
BTC the others matched against the base
rate being USD so they will move
differently what I find very interesting
at the moment and well it's like I just
don't want to find interesting with the
way I work the market is recently I mean
sitting here on October 15 I think you
said it was right October 15 right now
bitcoins been doing this it's being
caught in a bit of a range now a lot of
people sit back and go there's nothing
to do and wrong answer go across trade
the alts against Bitcoin stack your SATs
if you believe in Bitcoin you believe in
building your SATs or build your Bitcoin
transfer about the capital and go buy a
boat
absolutely do you like to see that
because some people think of their
wealth in terms of USD but some people
think of I've accumulated more Bitcoin
how about yourself
what is your oh my look I think that
Bitcoin has got a big future look I
don't know when it's going to go high I
don't know if it's going to be the
standout these are things that nobody
knows I'm not a Bitcoin maximalist I
find it very difficult to be like for
anyone to be a maximally
because how can you be so stubborn but
yet you managed to get into the most
interesting market in the world
very early on for a lot of them so how
can you possibly shut your eyes to the
power of blockchain in business I'm not
sure but yeah I stack BTC and a theory
might I think of theorems of the
theorems another one I have a fairly
decent holding of as well just because I
think the you know I don't think we've
hit the year 2000 the dot-com boom I'll
be there when it happens and I'll be
exiting my BTC back into probably
aud/usd at the time and wait for it to
pull back and then I'll jump back in
again it's just a market socket there
was the other day we had this issue of
silica thank you so much was an amazing
answer the CEO is lillico saying that
you know if you want to find those
hidden gems you know that may eventually
be like the dot-com survivors yeah he
said you really got to look at sub asset
classes so this is a smart contracts
portfolio here there is an XYZ scaling
portfolio here's do you kind of see it
like that do you see a future for
altcoins as you were saying as as these
oh I see and I see I see a future for
blockchain based businesses that's what
I look at the maths I mean I was
speaking with my mate Brad here last
night about a lot of a lot of projects
and I'm like why do they need the token
you know what why does this project is
it just to raise capital if Y if that's
if that's what you don't just be honest
about it and we saw that a lot in 2017
with poor treasury management a lot of
these most of these companies have just
since disappeared
I believe that blockchain is a very very
serious contender for a world a world
changing opportunity right for business
I want to see why are the token needs to
be used and what that business is doing
when is that business getting to revenue
and how has that business getting to
revenue now I don't look at a token for
tokens sake if the token is the way that
I get access to the underlying asset
class which is the business and the
revenue model hey link those things
together and I'll take a good look at it
if it's a token for the sake of token
sake I don't care what the thing is the
token might be worth nothing the
business might be worth a billion but
the token holders don't get a you know
anything of that if that makes sense so
yeah I think there's a I think there's a
place for all points and
simply trading for the time being longer
term down the track I have to wait and
see what comes out so far it's been
pretty difficult to find things that
really make a lot of sense to me but
don't forget I'm not someone who
researches projects every day I'm in the
market trading every day and that's what
I do
awesome awesome man and there's one
thing that when you're using trading
view that was really cool I remember at
the end of the seminar you would
actually lose your scan through multiple
projects and put little like flags on
the ones you're easy to watch those do
you mind telling us a little bit about
your train of thought and creating your
watchlist and yeah just a little snippet
of that that was really fascinating and
you just so fast at reading the charts
always will not slow I was doing that
slows donut slow for the audience so so
every morning I do every morning five
days a worker do a scan on trader cob
con called live trading for that's what
I do that scan to all the margin pairs
to try and find were tuned --'tis are
available and then at the top 150 BTC
cross Pierce right that's based on spot
market so no leverage
but yeah so for me that's it's generally
looking for a trend multi-frame trend
moving averages to be in the correct
order and if you want moving out it's a
ten and twenty period exponential and
convergence or divergence on that
timeframe it's pretty simple stuff trend
moving averages in the correct order and
moving average Convergence for
divergence now because my three trading
strategies the bitcoin break a cryptic
rate on a fibonacci booster they're
designed around what the market does the
market goes sideways then it breaks
that's the breakout strategy that I've
got in place now I know lots of people
have traded breakouts yeah I get it
everyone's got a breakout strategy but a
lot of people get faded out it breaks
out there guys
someone's like they go on watching me
long ago sure the cradles where the
market is trending really nicely like
Tarzan swinging from you know vine to
vine it's like beautiful Cercle City
pulls back in little bullish channel in
that uptrend
BAM and then the third one is when the
market absolutely goes gangbusters you
know like what was it back when we broke
through the little breaking of 8089 and
we raced up someone's 14,000 through
there we didn't really pull back dude
but when it doesn't pull back you got to
get down those lower timeframes and the
market does it it's ping ping ping so I
got three strategies
the market moves in three different ways
okay when you've got that in place
you're looking at trends first moving
average Convergence or divergence and
the moving average so and a trend moving
averages and moving average Convergence
and divergence throw that into your
watchlist now all I have to do is check
that a few hours every day I wouldn't
get the chance to that's a look at the
rest of the market it's simple stuff
it's about finding what fits your rule
so I don't go to the market going I want
to find the trade I go to the market and
eliminate things every chart on trying
to eliminate and till I get to a chart
what's so good I just can't leave it
alone I love that mindset it's it's
really really beneficial for everyone
who wants to trade and invest because
rather than looking for the opportunity
you eliminate all the crap for this and
that's so important right you look at a
long list of potential trades and it was
so funny you're like no no it'll yeah
you make a little sound you're like oh
no that looks disgusting and and one
thing one really one of the best lessons
I've learned is if you're not sure just
don't do it yep yeah I'm not clear it's
not the number one rule if it's not
clear it's not there and that doesn't
mean like it to me it might be clear as
day but you can only make your own
decisions based on your own
understanding and you're not going to
climb Everest in one step I've climbed
the goddamn thing slowly but surely I've
climbed up the trading Everest right
you're not going to do it in one day
take your time look if it's not clear to
you just live alone as you progress as
your experience goes I mean the courses
are all there online for a lifetime
membership you can go back through and
do it again and again and again I
couldn't care less that's the idea of it
refresh refresh refresh but if you are
not going in there step-by-step and
taking the pressure off so the whole
thing about the if it's not clear it's
not there rule is to take the pressure
away trading is not something where you
will do well under serious pressure
people go oh isn't it stressful I can be
as stressful as you want it to be yeah
or you can just be cool calm and
collected and go you know I refuse to be
stressed if it's not clear it's not
there move on to the next one if it's
clear I'll take it there's gonna be
plenty more trades man there's be plenty
more opportunity if you miss this one
because it wasn't clear who actually
cares
doesn't matter it's so good and I
remember people they were in the in the
crowd in their life
well it's you ask them is this is this a
good trade or not and they'd be like mmm
no you're thinking that's wrong yeah
yeah if you're thinking too long they
exactly risk my skin mmm it was go tell
ya everything like that terror there
anything like full of fires okay second
that sound comes up move on a next Jack
because it's not clear that was so cool
so simple and really people realize they
pretend to overthink things everyone
other things things because we brought
up in a society whereby the smartest
person gets the best credit at the back
of your head train doesn't work that way
I mean as a trader you just need to be
simple at what you do and very good at
it you just because there's a horizontal
line there's three tests what else could
I read into this there's nothing else to
read into it stop thinking start doing
it must be hard for you because you know
like you said we were just through
education we were we learn how to try to
make things even more and more
complicated for tests and the more
complicated we go and the better result
and a better grade and all the crap that
goes you know after that you're like guy
stops thinking keep it simple keep it
simple symbols the word dog because but
for me you know I'm I'm not I'm just
very few times where I'm the smartest
guy in the room usually when I'm just
the only person in the room all right
i I've built these systems in these
course in these strategies but ran the
way I trade it's gotta be keep it simple
if it's not keep it simple if I don't
get it
how am I going to use that information
to make a decision if it's one thing
you've got to be as a trader its
decisive so I found that the better of
the trader I was working with the less
they had on that chart and I've got MACD
the turn 20 moving average and that's it
price action keep it nice and simple
keep the head clear avoid analysis
paralysis and take the pressure off and
that's what the checklist system does
it's amazing man there's so many gems in
that sooner I definitely want to come
back next time you're in London I have a
few last questions to ask you Craig as
of today which platform do you love
trading on when it comes to
cryptocurrency and also right after if
you mind telling us what are we lacking
in terms of what do you been used to in
the off chain world and the traditional
world that you would love to see on an
investment or trading platform yeah good
question for me bit max is one a simple
it's a terrible platform sorry--but max
no actually not sorry
get better it's a terrible platform you
got good leverage good margin right on a
theory and you've got good margin on
Bitcoin of course XRP it's pretty good
right the volume is really good as well
so naturally you trade a bigger account
you want volume and you want margin
that's that's what I'm focused on so I
thought these bit for next a bit but the
volume seemed to become real thin I'm
not sure if it's just because of the
market at the moment or if there's
something else going on obviously
BitFenix is having a lot of problems
around the USD T it's a constant boiling
pot of he-said she-said it just it just
seems like when I was big rumor mills
until something's proven otherwise I'm
pretty happy to work with them but a
smaller amount and also by an answer
just because again they've got volume
what does the space mess it's lacking a
lot like a lot in that trading world
right if I go and train with an external
brokerage firm right now I can go in and
I can put in my entry stop so my entry
level in and I can put my stop-loss
leveling in one order
so what's once triggered the stop-loss
goes in so I'm instantly safe and go to
bed with an order raised and now it's
safe that I'm not going to bed with the
naked open position right and I can also
have multiple targets the other thing I
really like is that what we're lucky in
crypto is that the calculation risk is
not clear so let's say I want to risk
half a Bitcoin per trade if I put on my
entry price than my stop-loss in the
amount of contracts it there should be a
box that says you are risking 0.5 and
BTC which converts to XYZ USD it makes
it so much easier for people to go oh
okay I now know how much I'm risking by
now I'm not going to go out of control
and they also now know what my entering
stop loss will be because I can put on
the same order this allows people to
trade more frequently more easily more
risk manage more calmly and that will
lead to better outcomes better outcomes
lease the more volume exchange more
volume exchange
leads to more have the exchange of
people right it's a very simple process
in my eyes and nobody's doing it
properly there are some small exchanges
that I've interviewed only try to cope
crypto show that it did Adam end of the
orders correctly but the catch-22 is the
small exchanges that are doing these
orders have you know
any volume sounds like oh great orders
great terrible volume it's like there's
an arrogance in the inner system right
now where it's like we made so much
money so quickly we don't care what you
have to say that they're not they don't
realize that you know the plant might
have grown really quickly in good times
but until you if you don't keep watering
that plant that got their plants gonna
die the tree could be 500 years old
you know how the meat is high if it
doesn't have water it's going to die so
empires will fall when good products
come out unless those empires are in a
position where they actually do it
properly and I've seen nobody door
properly just yet well hopefully they'll
listen to your advice especially someone
who's been training for so long thank
you so much for all your tips where
should we follow you was the easiest way
to catch trader Copper Creek cop yeah
thanks I look we're on twitter facebook
instagram i've tried a carb about the
youtube channel at trader carb the
trailer called crypto show which is the
podcast get that on any platform that
you listen to your podcast we're very
fortunate we got number one in the u.s.
in business section nine other countries
last year which was pretty sick and of
course get across the trader cob comm
we've got a a newsletter that's free
right you can silencer that i'll send
you a video a week or sometimes two
videos a week on the markets give you
some commentary that sort of things so
yeah try to cob comms we want to find us
awesome so guys if you got some few gems
here with a real traitor don't forget to
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blast a bell notification and drop a
comment if you have any questions we're
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and he'll definitely help us answer
those questions for you in the meantime
see you next week on kryptonite's
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