Traders and derivatives traders here in crypto land have been raking it in at least the successful ones have over the past 18 months, whereas altcoins were once the most exciting way to make outsized gains here in crypto land. A new focus on derivatives and options trading has most certainly taken the market by storm. Now, if you want to learn how to get involved with trading options, derivatives – something like that, then this episode is for you as we sit down with one of kryptos, most successful and most prolific, charts, Minh that's right we're talking with crown from crowns, crypto cave we're, Gon na do a whole market check in try to analyze whether we are back in a full blown bull market or not, and then we talk about how you can get involved with trading options, derivatives and other products here in crypto land and really what that journey. Should look like so if you're excited for this piece of content, if you think you're gon na get some value out of it, then please hit that like button and let's begin welcome back to the show Eric crown from crowns, crypto cave, how you doing my friend It'S great to be back man the place where I feel like I almost started in a sense, it's good to be back with an old friend and the flood TV community is just excellent, so happy to be here. Well, we're all very excited to have you back.
Obviously, the voice of reason crypto dad no seriously you you make it amazing calls in the market and we're all very lucky to have you constantly putting out content like you are tell us what's going on in this market right now. It sure feels bullish right right. So I suppose this would be a good time to share my screen over here. Just pull it up there, this one right here, I think it's right here hold on. Let me let me know what is this okay, beautiful is this? Is this up right now? Yes, it is excellent, okay, great yes, so we are at a pretty interesting part in the market right now, because open interest is just so damn high. We are literally over about 1.4 or around 1.4 billion that's billion, with a B and that's, typically indicative of a very, very big move. Coming relatively soon, that's gon na kind of tie in with the overall market analysis and I'm a lead in to and just second year, but when I start with that, because very rarely do I see it get this high by the way. This is our new apps. When homes I'm free, I can find that app ground trading on net and actually flood TVs in the new section right here, anyways off to the charts, no no no hold on before before we skim over that let's just gloss back. I was talking to you right before we hopped on stream here and I've been building apps and websites games for over 10 years and I've met a lot of entrepreneurs along the way and all the best ones.
I found build products that fill a need for themselves and they really understand their products. You obviously eat sleep and breathe this trading stuff, so tell me a little bit like what are the gaps. That is that this app fills like explain a painkiller for yourself, and I think that way everyone understand why it would be cool to them to download it right right. So, as Elliott said, I pretty much happen, no life. This is my life. Looking at this III, 100 cents, I went herb, send em in alignment with that. Yes, so basically, I was tired of going to all these different websites in the morning to kind of like round out. My analysis usually want to keep eyes on. You know the total dominance it's, the total mark koep. You know open interest and just kind of a general overview of the greater market and then also you know a lot of different features coming up on the left hand side rather than over here. But you know basically, as Elliott said, um really want to just make some for myself and then share with community, because why the hell not in this base, like I did, say, it's one up, seven free! So you know if you do want to go check it out: it's, just a tap tap ground trading net, but over here you know, there's a lot of features coming right now so for currently we only have this main page up right here shows you all the Market moving orders coming in right now, typically from pip max by the way, it's kind of funny, and then also all the different zones for different Bitcoin price, actually sometimes you'll notice.
A lot of people ask why sometimes you'll notice actually that the eastern zone will a lot of times lead price action. Funnily enough, you know this stuff up here, always want to keep eyes on the general market and everything. Bitcoin dome is just the general overview of the market is, is always helpful to kind of check in day by the day, and naturally, anyone who looks at this is going to you know essentially kind of come into alignment with it after looking at it, you know, For a couple of months, you're gon na kind of get a good feel of where, where things are on top of that, of course, we got an economic calendar going on right here. So a little bit of the you know a little bit of the actual. You know macroeconomic events that actually do technically matter. I always want to be aware of those and then, of course, just keeping them keeping them tuned with the news. So what we got you guys on there we got coin Telegraph and at perhaps a few others, but um. But overall man I'm just really really excited about this, because soon enough, we're actually be able to trade from it and manage portfolio from it. So I'll be able to actually manage all my positions and see all my positions kind of in one specific place across all different exchanges, that I'm kind of operating off of and so that's gon na make you know hedging from exchange to exchange.
So much so much more easier for me. Yeah there was waiting for a long time when I dabbled in trading. At the beginning, there was an app called coinage year – coin, aggie or whatever that uh yeah and – and that was that was sort of like a small portion of what your you've done here. It'S, a sleek looking at man, congratulations and anyone looking to trade that you want to have the same tools as the best go check out this app. It looks absolutely congratulations. Man very much appreciate it yeah! Yes, so let me know if you can see charts now. Can definitely see those okay beautiful? Yes, the lovely red and green peace and prosperity, yeah anyways um as far as a general market overview over if you don't want to get too logs down in the lower timeframes here. But you know tie into what we just spoke about earlier, with the open interest being so high, which is usually indicative of a pretty shattering move coming relatively soon, with HT every passing day that we don't get a move. You can imagine that that move is just gon na get one degree bigger essentially, and it makes sense with the market structure right here. You see that Bitcoin, obviously the last for the last couple months straight to the upside, beautiful and all major move damages on higher timeframes. Looking good here so, like I said, I'll focus on the higher time frames here and the big things that are the most actionable.
That I think people are gon na be the most interested in right now is. The is, is essentially a chained to behavior on Bitcoin that's about to be confirmed on this next weekly close, which is gon na, come in at Sunday at 7 p.m. Eastern Time. For all the people who are watching this at a later date – and that is bitcoins gon na – have a chance to actually revert and confirm its first reversal on a weekly trend behavior now, why is that important? Well, essentially, all the reversals and in bitcoins weekly history have led on to these massive moves. You got your first reversal to the downside right here: that's your 16000 down at 3000 move. You got your reversal right on over here, four thousand fourteen and then more recently from 10 three, which got us bearish on my channel back down to back down to like 7000 ish region. And of course you can. Oh, you can go back to the Genesis and same thing essentially so bitcoins gon na actually have a chance to reverse that, һәм, more importantly, or perhaps just as important, I put a lot of weight on this we're, seeing change, behaviors being preliminary or started putting prematurely They'Re on all of our assets, so this is the benefit of looking at some. You know of looking at your momentum. Monitors and Bitcoin is a pre, damn good history of this we're. Looking at weekly Stokes right here, I do have a little bit different Studies on these it's 1436 and we do see that we're getting back above the bullish control zone and, more importantly, you'll notice.
That anytime is below the bearish control zone, which is essentially below the 40 marker right here. That'S our bear markets it's by no mistake that you see it. Bitcoin weekly Stowe's go below this region, starting in about January of or late January of 2018, and when do we get out March of 2019 that's, the breakout from 4000 more recently goes back down below from middle September. They also break at 10 3. Give me that first initial signal that we're gon na be heading south and then breaks back above literally on last week's close. So pretty. Damn interesting right here and kind of aligning that with an even more important factor, is the weekly RSI, which has actually been invaluable. Since the genesis of Bitcoin here now I'm gon na put on my drawing tools – oops – maybe wrong – maybe whatever we can, we can redo it anyway. Some in this I've done so many times. I can down exactly where the numbers are in this range between about 55 and the 56 marker on weekly RSI for Bitcoin. That has again, since the Genesis is a Bitcoin, essentially got your ball marks in your pair markets. It'S, not perfect, but anytime, that bitcoins above it we're generally in an upwards market and all day dumps down into the in this blue box territory. Here are major massive, buy opportunities and vice versa, for the downside, you know when we're operating below it and again you just kind of line us up yourself, pretty damn stocks standard and right now we actually go first close above this region as of last week.
So this is completely new now I do think we're gon na come back down and test into this blue box territory at some point, probably comes, maybe like the next month or two and that's probably be the next opportunity. As far as I see as as potentially you know, retesting into that reach didn't want to see a bounce right there and then that's gon na add on to validity of it and really confirming that change. Behavior that's likely gon na come alongside this higher high on the weekly being printed and weekly Stokes already there not only that, but if we want to just say so. Instead, in theory that that bounce that will be coming potentially into seeing in the next month or so that would be an opportune, buy time if someone hasn't sized up a good position yet so, of course, it's not funny Abbas cannot venture buzzer but um. You know, if I'm looking for a longer term position. That would be something that would be very, very interested in on that retest, not because it's infallible, not because it can't be wrong, but because it offers up a good edge and the way that I look at trading and press we'll get into this a little bit Later the way they're looking into trading is that, if I can get as close as I can to this blue box on a position, then I actually have to risk, then I actually risk in the way that I look at it.
The least amount of money. True, in order to be wrong on that trait, because any trade comes with a degree of gon na work or not, you know there's, no one haven't sent trade here, but if I, if I, for example, by position, you know when we retest back back in this Area right here, it doesn't work out well. I'D. Really don't have to wait all that long for this to tell me that it's not gon na work in my favor, what I thought was gon na happen. What I was being notified to happen by this indicator is is obviously not happening so that's. Why I like that errand that's, why I look at it as a at you know as an opportunity to kind of explain my position a little bit further anyways um what's. Even more important to me – and I kind of finished this with with this one or actually there's, two more things – perhaps is this guy right here, weekly moving averages, absolutely absolutely beautiful, really well, first off bitcoins, above all major moving averages, which is you know, always a Good thing, more importantly, we do see that bitcoin is above this yellow 21x pension average, which Bitcoin loves to play off this baby in long term. Bull marks: you can see going back to the Genesis right here whenever we're in an up market likes to base off it and maintain above it and whenever one bear Marx likes to essentially sell off of it in the same in the same direction.
Now that's is taken one step further, because we actually just got a recent positive slope on that same moving average, which, as onto loaded, be of it you'll notice that there were actually several closes above right here and above over here in 2018. But you'll notice that the slope was never positive as well, so that is the key, critical ingredient and kind of measuring it, because the efficacy of this one long term – and that is you know pretty much confirmed as of last week's. So we did have that in 2019, though, we did have a positive slope in 2019, as well as absolutely absolutely all the way through here from about 5000 turning point all the way to 14000, then leveled off and and then turned around on that break from ten Three essentially so 5k was a decent place to get in last year for sure no, not so bad man, yeah that's, the beautiful thing about the weekly here and I'm, focusing on the on the higher time frame. Deliberately, of course, bitcoins gon na have its ebb and flows. You know if you're trading a lower time for errands. This is like not relevant at all right, but but you know, oh, you know. On the whole, I figure that more people, especially coming from a community like this, are more interested in. Like the long term, you know trajectory of an asset like those fans. I think that this accurately represents its or at least offers up a good amount of edge for it without like having to you know, go through the daily grind of having like the major emotional, meltdowns and euphoria that a critic, a nap which is great man.
You know I totally totally recommend, but but for a special type of person, anyways. What timeframe are you trading right now crown or all of them? Um? Actually, you know I've kind of synthesized it down a little bit more. I don't really look at anything under a 4 hour anymore, not because it doesn't work, but just because you know life, wife to to trading ratios, just improved um, bigger edges and Bitcoin loves to play. Bitcoin left to play best on, like the 4 through 12 hour. I'Ve found, as far as that goes anyways, so yeah, you know we're, but we're back above this baby right here at the 10 cent, this red tens, simple, is starting to curl up, got a positive slope as well. So just add another. You know positive thing on on the Bulls core for that and looking like you know, the the next cross that it has up to the upside of the 21. That would be even better now let's. Take this one step further and look at CMEs over here and I'll start to and I'll start to round off this topic a little bit more. We do have an inverted head and shoulders on CMI's here. I don't really identify it as such on a spot price action, but CMI's, I think, do have the better chart, the the easier to read chart and the more accurate chart over a long period of time. Well, it doesn't really have a long period of time, but throughout its history and it's been more or less better and we do have an inverted head and shoulders, and there is a nice proverbial target all the way up here towards our August, our August 20, 1975 To twelve thousand bucks, that's also synonymous and lines of pre dam.
Well with that last gap in cry section that we see right here from about eleven eight eleven nine. So I do like to confluence they're. Not only that, but you know if you do want to bring it back to spa price action here. Well, I don't necessarily call this an inverted Head and Shoulders. We do have a long following channel over a very long period of time here, a six month, long following channel very, very lovely, and that would have a similar measure move. I believe, if I do this properly somewhere right around or sorry no that's that's, my ten one, two ten three region, which I don't even talk about on this one. But if we do use Wix here, which is fair enough, you can do that and that would just probably target up to that. I had to guess probably around 12, exactly yeah, eleven five to twelve thousand regions. So I do like all those areas I'm sure that it matches up with some sort of a fib as well. We can quickly put one on, and just these things naturally just gon na want to each other more often than not it's, usually a good sign that something's wrong if they don't line up with each other. But something like this, what I'd be looking towards you know, are we gon na argument it hidden like the three a to around that region? Perhaps do you want to take a bearish or bullish retracement on it? Mmm it's gon na be about the same thing, just different numbers.
Essentially I got seven eight six right around there as well, so everything's everything's kind of in Lima there for a longer term anyways. I did briefly allude to that ten one, two ten three target. I do think that that's the next area of interest after 9850, which is our current area, that we're getting stomped out right now promised I wouldn't go down too far in the lower timeframes, but it you know should probably should probably round it out with this and Yeah any sort of a close above ninety eight fifteen. I would look for a move towards ten one to ten three and I'm generally bullish on Bitcoin, especially as long as we're holding this last prior higher low here at about what was it? Ninety one about? Ninety one, ninety one, fifty ninety two out of this region, this blue box, right here just overall generally bullish and from the shorter term timeframes 9600, would be that critical point of failure. Anyways. Take that one step four and and go on over here and make a correlation between traditional markets and Bitcoin. I think this is this is really really in seeing from the macros well I'm kind of rounds out that I'm generally bullish on Bitcoin here, in the reason being, because not not only for everything that we just spoke about, but we do see contrary to the popular Crypto anarchist belief that um that that Bitcoin in traditional markets are like some sort of a hedge against each other they're actually not – and this is mathematically proven right here.
What you see in all these different panes are well, essentially mathematical representations of this. This first one right here is your correlation coefficient such you measuring, well, the correlation between the two assets and you can see that's a Bitcoin in the white line chart and this is actually spy. The major Boris for US markets in the blue line chart. You know pretty much the same on the macro scale and we do see about it, not 0.62. A correlation coefficient right here, which is pretty strong. I mean you rittany see that that high what's even more important than that and what people typically get mixed up on or get wrong or don't look in a little bit further. Is they don't look at r squared right here? So let me explain, r squared is, is essentially measuring. The efficacy of your correlation coefficient, so correlation coefficient tells you direction in relationship between the two and then r squared tell r squared tells you how much of that data actually fits, and this is just astronomically high. I'Ve never seen it, I not 0.68 it's, just incredibly high, so over the long term, these guys seem to benefit from each other, and you know you can just look at the charts themselves and you generally see that when once around the other ones growing and when One'S dumping, the other ones dumping as well, they coin a little bit more emotional on the dumps and the pumps to be fair and spy always makes new highs after those Corrections um, but but on the whole they do seem to trade with each other.
So a healthy tradition, Marx right now, which is literally making it like literally making new all time, highs right in it right here right now and has been for the last like three four months, is generally good for Bitcoin. Contrary to what I think, a lot of people, unfortunately believe so, if you are reading for the Trisha Marx to collapse and the Bitcoin to like shoot to the moon, I think that that's misguided. I think that that's not at least not it's, not supported by data right now, no it's, no, not right. Now it could change in the future. You know it certainly could change in the future if Bitcoin actually did become a legitimate hedge for market, but you know people look at like a mature. You know. Mature asset, like gold, is a hedge for the market and that thing dumped 35 percent in 2008. As well I mean we can. We can show that very briefly right here. So um you know. Generally, you know: I'm bullish on tradition marks I'm bullish on Bitcoin. As far as like the longer term time frames go lower term timeframes, there's gon na be, you know, ebbs and flows. I think that's uh, sorry. This was 2008 right here down about 35, not so hot. But but you know you know. Oh, you know over the whole looks, looks overall, fine, overall, good, lower term timeframes, that's, where that's we're gon na see a lot of volatility, a lot of inflow of this market, but for right now you know: do we have a little bit of a local high In the making right here – perhaps yes, perhaps not I'm – not too concerned with that I'm more concerned on the higher time frames right now, just because there's so much more so much more interesting, so much more edge offered up on them right now, yeah! Well, that's! Amazing! Thanks for sharing – and I think the big thing is that we don't really know yet what Bitcoin will do in a time of economic uncertainty.
Definitely no data to support the whole crypto anarchist belief that it's just gon na moon as everything else is going to hell. But there is a possibility that it does happen at any rate. This is this is pretty awesome. If someone wants to get involved in trading these kinds of moves in the market. I see a lot of interest right now in margin trading, it's kind of the new Ault season. You know, like people have kind of ditched their altcoin appreciation, clubs and they've moved on through to leverage trading, clubs and it's that one before oh yeah, I died yeah yeah yeah anyway. So what would you say to those people who obviously the action right now, is a lot of its and levers trading biggest companies in the space now they're all exchanges and leverage exchanges by the way where, where do you do your trading as well, for people looking For a reliable exchange to trade on what would you say to people who really want to be involved in this, and obviously we know that this stuff is tremendously risky right right? Yes, so it is tremendously risky ads absolutely and I'm gon na speak directly to the people who, who kind of alluded to you in the sense that they don't have all that much experience, but they're kind of interested in it. So you know, if you're not in it, then this obviously doesn't apply to you and we can just agree to disagree.
I suppose, but if you are that interesting person who's looking to get into trading, what I really really suggest is taking a long term view. This is a this is a hard skill. I'Ll tell you straight up. I'Ve certainly had my own trial and some tribulations with trading. I there it's it's, it can be done absolutely it's very difficult, and it will take a lot of dedicated, dedicated, well mental Ram. To studying and learning – and I would really give yourself a lot of time with that learning phase – don't put any pressure on yourself to make money for you know if you're looking at like learn trading today, so that you can make money today or tomorrow or literally, Like in the next year or so, it's, not a good way to start off, you really want to start off in a more calm environment where you can kind of just focus on the fundamentals of trading or technically tentacles. If you want to get super specific with it and and just kind of get, you know give yourself time, that's really what it's all about! Because what the biggest mistake that I see most people make with learning out of trade is that they start trading while they start learning which you, the problem is it's gon na take a while, until you get good very, very likely some people, you know, get there Faster than others, some people I see, get there in like three months, some people usually like a year in my programs, usually usually around six months to a year in my programs, from what I've seen but some people as fast as like three months, pretty it pretty Amazing that was not me.
It took me a lot longer, but the thing is: is that what a lot of people do is they will lose all their accounts or their trading equity before they actually really master the skill, in the sense that they can be consistently profitable over time and that's. The goal you know: you're, never gon na – be one homer sin when home, isn't, profitable, there's there's, always an eminent flow when we're talking about technical, technical analysis and indicators. These are just indicators that offer you up a statistical edge essentially, and you know that edge might be 50 percent might be, 60 percent might be 8 percent. Whatever might be, it depends on you know what piece you're using, but you have to understand that that's gon na come with gains and losses, assuming that you know how to interpret it correctly. To begin with, so you know first things. First, give yourself a lot of time, because if you blow, if you blow your trading account before you can actually learn it, no, you know no sense in that. You know you can't, you can't get good like that, and it's gon na cause a lot of emotional pain. What you probably don't, want and realistically we're in this day and age, when you have demo accounts available readily available on exchanges, like, I think, bin max hasn't ribbit Eve, all probably hasn't, which I trade that's. You know that's a great way to learn to get some skin in the game: it's not perfect, obviously, but hmm, but it's a lot better than than risking any real money.
And then, after you know what a little bit. But what if I miss the bull run? What if what if I miss the bull run, you know this is perfect to get into you right now, and I you know I notice you're saying that facetiously, but some you know as a trader, you can't care about this bull run, bear run whatever the it Means very little what's more important as a trader is to not get caught up in the emotions of market and instead likely play ranges. Yes, you can play trends as well, but as a trader, you have to trust in your own skill that you can miss a bull market and you can still be fine. If you have the skill of trading you should you know your there's always another up to you, there's always another asset. You know if it's, not Bitcoin it's something else I mean you know. Tesla just had a major major run if you're looking for that pair of all but rabble what's up with Tesla are you? Are you buying Tesla? You know what it's I I think, it's, I think it's topped out. Okay, are you shorting right now I don't. I don't play Trisha marks anymore: okay, but yeah it's uh, it looks pretty topped out to me – might might run out back to like 850 issue region. Maybe, but I do think that the tops in there a couple days ago, I believe I said I believe the tops in and I'm pretty sure it so stick with that.
It feels so much like the whales are pumping Tesla. You know when you play look man, you got like 60 Tesla and 40 Bitcoin that make these whales bring me to my next point: man, if you're really looking to trade and you're coming from this space. You know if you're listening to TV or listen to my channel you're, probably like you're, probably intimately involved with Bitcoin, which is great. You know I love Bitcoin as well. I think you know it probably has its place in the world's market. However, it's really a bad idea to learn on an asset that you have an emotional attachment to. I would strongly suggest trading. You know nameless assets in traditional markets or or Forex it's really hard to fall in love with like a Swiss franc. You know it's better. You know it's better and use a deep quote, really um. You won't really worry about missing out on the quote. Unquote, bull run! If you can just trust in your strating skills, because that is what it is to be a trader it's not to get everything or get every little last bit of a move, that's, actually a really bad mindset to be coming in at from a trader. Because, realistically, no one really ever gets to like buy the exact low and sell the exact top. I mean you know, maybe maybe one person every once in a while, but it's it's, incredibly rare and realistically as a trader, you have to be happy with getting like.
You know, 60 өсөн 70 percent of a move. That'S, like really good and – and you can make a living like that that's that's, a crazy thing, so um, you know just just adjusting your expectations when you come to this game is, is absolutely critical, because I notice that a lot of people have very very. Like Hollywood driven ideas about what it is, it's, not reality is what it is you know, so so even with wits restraining your own desire to be a part of a bull run is probably training. Your muscle, your trading muscle in the best way possible right because you're actually controlling your emotional. The FUD is big, but FOMO is even bigger right. The fear of missing out is like one of the biggest emotional drivers of all decisions it in in our brain. So if you can fight that FOMO to like really throw all your money into a Tesla or a Bitcoin while things are pumping that's, essentially preparing you in the best way for this this craft, that is essentially, as you said many times, controlling your own emotions right Right and that's the whole thing you want to have that awareness of your emotions, because the very diabolical thing about being a trader is, you know, you're gon na, be you know, probably like a studious person, learning trading everything doing all the right things, and then you Go on crypto, Twitter or crypto YouTube or whatever, and you see all these people like yelling a hundred thousand tomorrow baby we're going to do it.
No 200000. You know million. No, you know it's even higher than that right, but you have it out because you like, if you want to get psychological for a second, your brains actually caught up caught up cut off from making literally logical decisions you're in an emotional state. So you literally cannot even make good decisions when you're feeling you know quote unquote, FOMO or whatever the doom variant of that is, and you have to be able to recognize that so that's. So cultivating that awareness is a part of the process I mean most. People can learn the basics of technical analysis like relatively fast it's, not it's, not that rocket science. Man there's plenty of plenty people doing it. But what separates that person? Who has the knowledge of it from someone who's that successful with? It is usually some sort of emotional component, because most people can come up with a good trading strategy. They just don't follow it. So you know it's it's, really going through that process and it's a very tedious and a very really boring process, or it should be boring, that's, that's, usually round the time when you start to get good and I'm just trusting that over time. If you prat, if you practice and if you and if you lay down the foundations, just trust in the process that over time, it'll work out in your favor it's like going to the gym man, you know, if you go to the.
If you work out super hard in the gym one day, are you gon na get jacked? No, you have to do it like day by day by day, for, like you know, a few years, you know being being really really diligent with it and just repeating that process over time. Just trusting in it, you can't really rush it. In the same way, you have to lots of grass lots of ground beef as well right, that's, a key right there, baby speaking of which Crown has a Fitness channel coming very soon, so so say, say: I'm I'm ready for this journey. I want to enter the dojo I want to train. Where should I go for some starting resources? Um you can head on over to my channel. My channel has free ta, 101 playlist, which is gon na get you started, but after that you really want to hunker down with exactly kind of like deciding who you are as a trader: cuz there's, all sorts of different trading. Styles um. You know you might be like a maybe you're a short term person. Maybe you don't want to be stuck in a trade for like weeks at a time. In that case, you probably want to be like this. You know scalping the lower trim timeframes, maybe want to be that person holding on you know. Looking at what we were looking at earlier, which is probably more relevant to people, you know doing long term investing long term trading.
You know you might hold those positions for years in some cases, so you really have to nail down exactly who you are as a trader and then double down on that, because what's really important is that whatever your style is whatever your strategy is. Is it has to be maintainable for you and the only way that you're going to get is, if you come up, is if you kind of understand exactly who you are and the the weird thing about it is: is that training will teach you a lot about Yourself, you think you know yourself, you don't, you probably don't. Well, maybe you do. I mean there's there's plenty people out there, but I certainly did it before I came into trading and you know I thought that I was like emotionally resilient, a really strong person. No not at all when you start, you know when you start feeling or seeing something that you thought was gon na happen not happen, or vice versa. It can really really mess with you so I'm, just cultivating that awareness and in and then trusting in the process over time that you'll get there that's, really the best way that I've seen it and then getting the foundation material and then doubling down on whatever your Specific trading personality is and, and that's usually gon na be the way to go. I myself had a mentor. I was very lucky to get a mentor. I got a.
I got a mentored by a guy on the New York Stock Exchange ARCA, and that was a really really precious experience. I would suggest searching out a mentor as well. If you can, it see it's the digital age, so there's plenty of there's, probably plenty of connections out there there's also probably plenty of bad cashes out there as well. So definitely be careful verify. You know whoever you go with, make sure that they can prove that they're profitable. They should be very open with that and – and you know just find some way that you can add value to their life as well, and then you know their so that they might be happy to chat well. Thank you. So much obviously, hopefully there's a lot of people who end up watching this who are looking to get into trading and obviously crown you put in the work every day. If you're looking for someone to consistently give you the updates, highly recommend crown and yeah. I just thank you so much for coming on and giving us the the market update and this intro to trading. Your advice is very, very welcome and very, very much so respected here in crypto lands. It'S, always a pleasure to be here. Man, pleasure speaking with you Elliot and, of course, the community as well so just just happy to be here. Man thanks a lot. Obviously the link to Crowns channel, as always, is in the description and thank you so much for coming on flood TV.
Well, I hope you guys enjoyed that. I know I certainly did if you got some value out of it. Do me a favor and hit that, like button it's such an easy way for you to support the channel. Like I said, the link to Crowns content is in the description of this video and I hope to see you guys very very soon on the next episode don't forget to subscribe.