The Chart Kitchen Mindset

There is something in common with most novice traders, no matter where they are from, how old they are, or what their background is. They all treat the financial markets like a massive, always available, casino with a huge jackpot. They will throw money into random assets like a slot-machine, hoping to hit the billion-dollar prize. Play blackjack on financial markets, always taking the next card, buying more assets with every turn upwards until they go bust, get caught in the dump, lose a massive proportion of their initial stake. Others will treat it like Roulette, betting on black after they see it turn up on the table, switching to red as soon as it follows, losing turn after turn—just like they buy assets when they see green on a chart, only to sell it shortly during the next red move. Always looking for the revelation, the big magic pill, the one game they “can’t lose” – the perfect strategy to beat the house. Here is the harsh truth: There is no magic pill, no big revelation, no 100% sure strategy. Trading, just like casino, is a game of odds. You can put the odds in your favor using various strategies and technical analysis—but you can never outsmart the house and the people behind the markets. That is one of the most essential things to understand when trading, especially when dealing with cryptocurrencies.

You have to conclude that the market is hostile. It’s a big monstrosity trying to suck you dry of your money, your time, your energy. At times it will get the best of you, make you impatient, anxious, it may make you neglect your loved ones, bring your life out of balance. Handling a monstrosity like this is not an easy task— you need education, training, and discipline.

Forget the kind of people presenting you this as something exciting. You know the type of guys, living the “Forex-Lifestyle” driving their “Lambo”, showing off their luxury every way they can. These are the kind of people that are here to draw you into this market, to sucker you in for the “get rich quick schemes.” They not only profit with the payments you make towards them, but many of them also earn commissions from obscure and unsafe exchanges and projects they advertise to you. In some very condemnable cases, they also utilize their user base, you, to pump their pre-bought assets, which they then dump right back on you.

At The Chart Kitchen, we don’t sell you “the magic pill” or another get rich quick scheme. We are determined to not only give you the best trading signals by our expert technical analysts, but we also do our best to enable you to craft your own profitable, rule-based, and consistent approach to the market. Join our Discord to capitalize on this opportunity, find even more insights into trading, the chance to get into direct contact with our experts, and participate in a lively trading focused community of novice and advanced traders alike.