If you are spending hours each and every day in front of the screen, then you are almost certainly making less money than a skilled and informed trader who spends a mere 40 minutes a day engaging with the market.
You must learn how to use the time, effort and energy of other people. There are people who trade altcoins almost fanatically – and they have never made a meaningful amount of profit in their lives. Yet they continue to willingly spend hours beating away at the market day after day.
These types of traders are in the ‘majority’ so there are vast amounts of these guys – the best thing about this is, these guys will do the heavy lifting for YOU
Consistent profit in this market is a result of strategy, not hard work
You have all heard the saying, “in trading, timing is everything.” Well, at PumpersPicks, we tend to disagree with this statement. Timing is important, but it isn’t everything – not at all. At PumpersPicks, our philosophy is that “TIME is everything.”
I mean life itself is a race against the clock…
From the very second you are born, each passing minute has only brought you closer and closer to your death…
Those with 9 to 5 jobs get paid ‘hourly,’ so essentially their employer is buying their time and paying them on a per hour basis.
For order to be maintained, everything in life has to be done ‘on time’ – imagine you have booked an appointment with a plumber, you’d be immensely upset if he failed to be ‘on time’ because you have set aside an entire chunk of your own time (which can never be recouped) to meet with him, and by him failing to show up at the agreed upon time – he has virtually shown how little your time matters to him, despite the fact that lost time can never be gotten back.
Time is the world’s most sought after commodity, and those who are able to harness, purchase and/or exploit the time of other people are essentially doubling, tripling and quadrupling their efficiency… they are multiplying their own time on this earth by using the time of other people – so essentially, they are able to accomplish immense and extraordinary things, things that would take others several lifetimes to achieve.
This is the difference between the poor and the rich.
Simply put… poor people are sellers of time.
They trade their own time for money. Quite literally, they sacrifice entire portions of their life in exchange for money… Which is why they remain poor.
You see, there are only so many available hours in the day. Those who sell time are confining themselves within the boundaries of a 24hr time span – which instantly depletes all forms of efficiency that can be achieved, and also depletes the amount of tasks that can be completed.
Poor people remain poor because not only are they chasers of money, they sell their own time for money.
On the other hand… we have rich people… people that seem to make more and more money every year, all whilst working lesser and lesser every year. These are the people who are zooming through life in shiny new Rolls Royce’s, whilst everyone else is clunking up the street slowly in dilapidated rust buckets.
There is no mystery to the success of these individuals… simply, they are buyers of time.
I mentioned above that from the very second that you are born, each passing minute brings you closer and closer to your death…
Therefore, the ability to buy time is the ability to buy life itself.
We have all seen it… We all know a guy who works his fingers right down to the bone… Let’s call him Tom…
Tom consistently puts in overtime at work. He practically breaks his back day in and day out, yet is barely able to afford to pay his monthly bills… he drives a 15 year old rust bucket of a car… wears a pile of old and musty smelling clothes… has an entire collection of health problems… hair loss… and still lives from cheque to cheque.
Where is he going wrong?
Well let’s look at his employer… his employer doesn’t break his back all day, why? Because he has hired (bought time) several employees to do the heavy lifting for him. He is barely in the office, because he has delegated tasks away from himself so therefore doesn’t even need to show up to work and the money will just keep on pouring in… He doesn’t even wake up until 12pm in the afternoon each and every day, WHY? Well because his business is fairly automated and runs based on directions that he has given weeks in advance.
He has several cars, a huge home, a pile of luxurious trinkets, a boat… a vacation home… all the trappings of wealth… but how is this possible when he doesn’t work even half as hard as Tom?
Well he is a buyer of time…
He has multiplied his level of efficiency in life by buying, using and/or exploiting the time of other people.
This principle applies perfectly to the crypto currency markets.
You see, just like Tom who slaves away day after day but gets nothing in return, there are traders in this very market who sit in front of their screens day in and day out – but yet have nothing to show for it.
These traders spend more than 15 hours a day analysing the market, trying to stay up to date with the latest gossip, trying desperately not to miss out on coin tips thrown out on twitter…. and still, this trader has nothing to show for all of this spent time and energy.
Just like Tom, these traders work their fingers right down to the bone… they consistently put in overtime in the market, sometimes even neglecting their families and their own social lives. They practically break their backs day in and day out, yet all of them are barely able to afford to pay their monthly bills… they probably have also accumulated a collection of health problems… hair loss… and the whole 9.
This, for the lack of better terminology, sucks…
Because on the other hand, you have market manipulators who understand the way money moves through the market.
You see, market manipulators are buyers of time.
Manipulators know that they don’t need to do a thing to interfere with this process, other than buying the right coin at the right time.
It’s just like standing at arrivals in an airport waiting to see your luggage appear on the conveyor belt… You don’t climb onto the belt and crawl up the shaft to retrieve your own luggage like some primitive ape – you simply stand in the right position, and your luggage makes its way to you…
A skilled manipulator can build his position and walk away, feeling no fear or trepidation whatsoever because he knows that there are more than 1000 novice traders who are glued to their screens every day, and prepared to do the heavy lifting for him.
He knows that there are 1000 traders who are willing and ready to buy any coin so long as it is giving signs of a coming price advancement, and with there being only a finite amount of tradable coins available on the market – activity will always cycle right back around to this coin that the skilled trader is positioned in.
It will start slow…
Eventually buying within the accumulation price range begins to become saturated, and the price begins to lift.
This attracts what we call ‘goal hangers’ who will hover around the market looking to catch a coin while it has already started to move upwards. These guys jump in and execute their buys – pushing the price higher.
The coin will have increased in value by more than 20% several days in a row – but ‘the majority’ will still not be aware of this, because they only take 24hr price movements into account. However, this doesn’t take away from the fact that the coin, after five days in a row of small 20% price advancements, is now worth 100% more than it was when our skilled trader built his original position.
Then, eventually, after already advancing by 100%+, our coin makes its return to the front page of Bittrex, where every altcoin promoter in the land waits in anticipation for something that “looks interesting.”
So upon seeing our coin which is showing a 43% 24hr price advancement (even though early birds are already at a 100%+ profit) altcoin promoters jump for joy as they are looking at a coin that seems to be in the early stages of a pump so they begin to broadcast their financial wisdom on twitter – “Buy XYZCOIN NOW it is going to the moon” – of course they would have pre-bought their own small positions at this stage, further pushing the price higher.
Now twitter is buzzing about this coin, every novice trader in the land is now rushing to Bittrex to “buy early” before “the whales start dumping” – this influx of volume pushes the price even higher
By this point our skilled trader who bought weeks ago is now sitting on a pretty hefty 500%+ profit, and he didn’t even lift a finger except to press the sell button and cash out.
This is how you allow the market to work for YOU… This is how to use the time, energy and resources of others for your own financial benefit. This is what allows a skilled trader to open a trade and then to walk away, and then come back to see a windfall of revenue.
In the altcoin market manipulators buy a coin whilst the attention of everyone else is elsewhere…. knowing that money moves through this market just like luggage on a conveyor belt – and by buying the right coin, the manipulator is already positioned… eventually they belt draws closer and closer, until all the manipulator has to do is lean over, reach in and retrieve a gigantic money bag
Being successful in this market isn’t about working hard, it’s about working smart
Great wealth is born out of the conservation of energy… Monumental wealth is born out of the conservation of time. Hard work is the draining of mental energy, resources and time – all of which are vital ingredients to your financial success in this market. If you’re deficient in anyone one of these areas, then you have absolutely no hope of attaining any form of continued and sustained success in crypto.
You see, time and time again, amateur traders make the common mistake of thinking that profits are a direct result of hard work. This is not the case. How do I know this? Well, just ask yourself – look at the amount of time that you spend trading each and every day, then compare it with the amount of money that you have made. 9 times out of 10, the people who spend the most time trading this market, make the least amount of money. They end up with absolutely nothing to show for their efforts.
Now don’t get me wrong, this is very common amongst amateur traders. Simply because they are not experienced in the art of extracting profit from a crypto coin. The mechanics are very simple. It only takes a minute or two to press the buy button to get into a coin, and then another minute to press the sell button to get out of the coin – so, where is the justification in spending numerous hours day after day in front of the screen? … There is none.
You see, a pump that occurs today is providing those who bought last week with profit – not the people who are buying today. In fact the people who are buying today, are putting their money directly into the back pockets of manipulators – who are always very grateful indeed.
So if your strategy consists of waking up every morning, logging into Bittrex and then sitting there for hours on end waiting to catch a quick pump – then you have already failed.
Winners do not chase pumps. Winners let the pumps come to them