Tell us a few words about yourself and what made you enthusiastic about crypto.
- My name is Timothy James, a U.S. Naval Academy graduate, and a Quantitative Economist. Was a Naval Officer and Pentagon analyst for several years. Have been investing in the financial markets since 2007 and came to crypto in 2019. The volatility in crypto is what excites me; volatility brings opportunity.
What kind of benefits can a beginner trader expect to receive from joining your Discord community?
- The harsh truth. If the technical analysis of crypto says down, then most likely, the answer is down…regardless of whether it’s your favorite project or not. I can also teach you hundreds of different technical indicators to make better trades…but they are useless unless you develop a risk mitigation strategy and execute it consistently. You have a better chance of becoming wealthy by implementing a sound strategy over time, than wild speculative bets. Don’t HODL or Diamond hand; if you are “HODLing” it means your analysis was wrong, and you are making your account depreciate value, for an indefinite period of time [gold went down for 27 years in 1980…don’t think anyone wants to HODL that long]. You should maintain value for a future date. Don’t dollar cost average (DCA), it’s the worst strategy out there. “Losers average losers” – Paul Tudor Jones ($7.5B).
What kind of change do you want to bring into the world through your content?
- Education. No one remembers the influencer that flaunted a rental Lamborghini or Gucci bag 10 years from now. But I still remember the Professor that taught me fundamental technical analysis more than a decade ago. I also want to teach people that degenerate gambling in crypto is not the path to success. Degenerates are turning what could be the greatest wealth opportunity into a slot machine…house wins if you approach it that way.
What’s your asset allocation strategy?
- Truth be told, NEW investors with little to no technical analysis capabilities, should actually start with ETFs in the traditional markets. They naturally shake out loser stocks and go up in value over time. They are also the easiest to trade for newer investors, as they are trading with long-term trends.
As for crypto, accumulate when the majority of social media influencers, mainstream media, companies, and politicians are yelling for “doom and gloom”. Buy cryptos that show “life” in the charts. Sell them when the reverse of all of this is happening. The sentiment is one of the best indicators out there, and you need little to no skill to utilize it.
Buy cryptos that demonstrate building and activity in the bear market. A lot of these projects fund their team by selling their own tokens. If they get quiet during the bear market… it’s likely they won’t be around in the next bull market, as they went bankrupt. You are essentially giving your money to these projects by investing in their tokens; in the prospect that they will build, grow and make a change in the world. If they can’t prove they are working, don’t give them your money. Remove your feelings from all of them.
Sum up technical analysis in a sentence – as you see it
- A science and art form to increase the probabilities of successful trades while also being cognizant that there is no 100% accurate form of technical analysis.
How do you see the future of cryptocurrency evolving in the next 5 to 10 years, and how do you think it will impact traditional financial systems?
- Crypto will be heavily regulated (hence why I look for cryptos already trying to work with regulators and thus be more likely to succeed in 5 to 10 years). Regulation is not a bad thing; the cannabis industry was similar to crypto in its infancy: scam company IPOs, stock collapses, poor products, etc. When regulation came along though, the cannabis industry market cap grew by ~300%. Regulation will destroy most non-compliant crypto projects. But the ones that survive will “go to the moon”.
What advice you’d give to a beginner crypto trader to help him navigate this bear market?
- If you really want to learn, learn from successful traders and investors, not social media influencers (that may even include me). Find a mentor, smarter than yourself. Mark Minervini, 2-time U.S. Investing Champion, is my inspirational financial leader. Learn a new indicator or tool to increase your probability of success, and then trade a small amount of money to apply it, while at the same time putting some skin in the game to learn to control your emotions. Don’t listen to mainstream media, they are usually wrong. Develop YOUR OWN plan and strategy, one that fits your lifestyle and schedule. Trading and investing is a job, don’t make it miserable by going in blindly…you will get wrecked.