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0 sats \ 3 replies \ @kr OP 1 Feb \ parent \ on: Are Technical Analysts Just Fortune Tellers? bitcoin
can you recommend some of the good books on this topic?
I forgot to mention this one earlier. I have it in PDF, if you'd like, i send it to you.
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Thomas N. Bulkowski's was the one I used, but I know that Jack D. Schwager's is also very good.
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Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder is an excellent introduction.
I haven't read the later edition (The New Trading for a Living) or his Study Guide yet, but I'm sure they're worth as well.
In any case, with Bitcoin, being such a highly asymmetrical asset, its very difficult to beat long term holding. Being really methodical with TA and having a good money management strategy might make you increase your fiat capital, but that capital might likely buy you less BTC later. Long term holding it'll be a better strategy in most cases.
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