M A Y 2 0 1 9 N E W S L E T T E R
Trading Styles are Personal
What kind of a crypto trader are you?
What kind of trader are you? Are you the type that likes to get in for a taste
with a trade and play around? Or are you stepping in to make a statement
about what you believe the future will be?
Do you like to dance around in the market, or grab offers and pound bids all
day? Maybe you need to do deep analysis and research. Are you a
speculator, market maker or investor?
Everyone who becomes successful in the trading arena has a style that fits
their personality. The challenge is to find out what it is quickly so you can
get focused on developing your ideal trading process and get the results
you want.
Your Trading Activities are
Taxable
Get your crypto tax info ready early
So you’ve been trading a new asset class called cryptocurrency. It’s
largely unregulated. It’s a protest against “the man.” It’s not centralized…
And you still have to pay your taxes.
Tax time is unpleasant for everyone, especially for people who do some
trading, or a lot of it. So since tax season for 2018 is behind us, it’s a
good time for cryptocurrency traders to start some good habits to make
tax season next year a little less daunting. The key to getting through tax
season with a minimum of hassle and headaches is good record keeping.
Managing Crypto Trading Risk
Every day, multiple times a day, the anonymous oracles and soothsayers of
the Internet make predictions and assertions about where cryptocurrencies
will go. They will go higher. They will go lower. They will become the
defacto standard…
Have you made any money trading on these predictions?
Human beings are notoriously bad at making long term predictions
especially in dynamic environments like markets. So do you really want to
risk your hard earned money relying on the predictions of the oracles of the
Internet?
