Transcription
Hey, what's going on YouTube? So, we need to have this conversation. We're going to talk about smart money and dumb money within the cryptocurrency market because a lot of people don't talk about this. So, I'm going I'm just going to go ahead and just get to it.
So, on the dumb money side, you have three people. You have the day traders, the majority of the wallet holders, and the people that want to get rich quickly. Okay? But you can tie into the day traders if you want. That's totally fine.
Now, here's the thing, right? The idea of where I got this video from is from a lot of the people that are in my Telegram and the people that purchased my course. And I appreciate you all uh supporting me. And you know, if you head over to the blacksocciety.com, you can actually check that out. But when I created or designed this system, I did not design it for day trading. The majority of you do not understand that. Okay? And again, you can do what you want with your money. That's totally up to you. I never give financial advice. But the reason why I am successful at this 95 to 98% of the time is because I stick to what works. and it is not day trading.
Now, there are times where my trades do turn into day trades like the one that I posted with Zbec Network. I wasn't looking for it to pan out in a few hours. It just happened to do to pan out that way. However, I did not design this for day trading.
Let me let me break down to you how day trading works. Whether it's in the forex market, whether it's in cryptocurrency, it doesn't matter. It works one way. There are two people that provide liquidity to markets. Market makers and day traders. You can go and look up the statistics. The majority of people that get into day trading lose money. And in these markets, in order for somebody to make money, somebody has to lose money. Okay? So when I came up with this system or designed this system, I designed it for people, myself included, to be on the receiving end of money, not the one that is going to lose money.
I'll say it again. If you are looking to turn this thing into a a day trading opportunity, you will lose your money 99% of the time because you don't have the skill set yet. I've been doing this since 2011, okay? I lost money for 13 years every day, okay, trying to chase this day trading dream. The way that I put the thing together, it will work for you if you follow everything that I put there um for you to use. Stay away from day trading.
Okay, here's the other thing. When you see a lot of these influencers that are day trading and they bring you in their group, they want you in their group, these brokers, um, and this is mainly in the Forex market, will pay them 70% of your money every time you lose. Now, no matter how good they are, most people are going to lose in the Forex market. But when you lose, these guys get 70% of your money. So, that's how that that's how that day trading game is designed. These people do not want you to know that what I what with what I'm doing, swing trading is the way you take money out of their pockets and out of these exchanges. That's what works. I am telling you, leave it alone. The reason why I am able to do this consistently is because I stick to the same thing over and over.
Now, let me move over to the people that want to get rich fast. You are going to lose your money. you try to get you you try to day trade um you know you move too fast and you end up what I call BMF blowing your money fast because you are too impatient.
Now, this is the second reason why I'm so good at this. Because I already have money, okay? And this this isn't from a a level of of arrogance. I tell people all the time, go make money somewhere else, right? So whether you have a skill set, you know, you have a highpaying job or, you know, whether you start a business and then use that business money to fund this thing. Okay? And that way you're not somebody that like, oh, I need I need I need I need this money now. You're gonna blow your account every time. Every time I see I'm see I'm seeing it happen left and right and I'm like, "Hold on. Send me send me the picture of the chart you're using." Or you're using the 10 minute, the 15 minute, the 20 minute chart. You you're trying to day trade. Get out of here. It's it's going to it's going to happen every time, right? And then the other thing is I say, "Hey, send me the the trade setup." Like this trade setup doesn't even make sense. I didn't show you anything, you know, in this course to even uh imply that you should even take a trade like this. You're just doing it because there's power there. There is power there. But most people don't know how to calm down and harness that power and know how to deal with it. That's one of the reasons why with these get-rich overnight people, you you got to get it out your system. You're going to you're going to continue to lose money.
So, if you're putting money into this thing that you can't afford to lose and you got bills and stuff due, you're going to blow your account because you're going to be way too emotional. Every trade that I take, I'm okay with losing 1,500, 2,000, 2500, 3,00. I'm okay with that because I'm I have other very large income sources. So, I can afford to do that. People that are trying to flip money overnight, you are going to lose your money. I'm telling you that right now.
There is a certain way to do this thing. And if you listen to me, you will make money consistently. The people in my Discord listen to me and they see that 95 to 98% of my trades pan out because I look for certain things. If I don't see these certain things line up, on to the next one. Get it on to the next one. On to the next one. I'm not interested in being on the losing end of anything. That's how these markets work. I don't care if it's the stock market, if it's cryptocurrency, if it's forex. Somebody has to lose money for the other person to gain money. And the majority of people lose money because of these things because they want to, you know, it sounds cool. What do you do for a living? You at the bar? Oh, I'm a day trader. Like, it sounds sexy, right? But again, most people that are day traders are losing money. They're losing money.
Now, since I've been doing this so long, I probably could day trade. But why bring why bring my percentage down just to flex when I can just literally keep doing what I'm doing and keep making the same amount of money that I'm making off this thing easily. It's easy. It's easy as Just stick to what I showed you.
The the higher time frames 10 times easier to predict than the lower time frames. Once you get on the 10-minute, the 15 minute, the hourly, that's when it gets too noisy. It's too much noise. If you're on the monthly, the weekly, the daily, it's a lot less noise. It's a lot less noise and you can see really what's going on, which direction the market is going. But people want to break down into these one minute and 10 minute and 15 minutes and they and they get and they get spanked every time. You you're going to get spanked every time. The majority of day traders and these get-rich overnight people are not are not consistent. They all lose their money. All of them.
So, you know, that that's one of the reasons why day trading is so big on YouTube is because it the the the power is there. There's power there, but most people do not know the correct way to harness that power and the correct way to to use it. And that's why they lose money every time. Every time.
So, I'm telling you, if you want the thing to work, do exactly as I do and do exactly as I as I say and what I've said in the course or if you're in the Discord, listen to what I'm telling you. People want to take a bunch of trades every day. You do not have to do that. You can you can make a lot of money just taking one a week, one every two or three days.
I tell people in the Discord, everything that I do here, I plan for the future. I'm planning to make money in the future on all of my trades. I'm not looking at the chart and say, "Oh let me get in this trade right now." No, in the Discord, I say, "Hey, here's a chart. This is what I'm looking for. Hey, watch out for this one in the future." Not right now, but put it put it somewhere, you know, whether you save it or or or set a notification for yourself. This right here is going to be a fire ass trade in the future. And those trades pan out. I plan for the future. Most people are too busy trying to plan for today and you're going to get your ass spanked every time. I promise you.
I've been doing this for 16 years. I lost money for 13 years every day straight. I used to get paid for my job making $30,000 or $40,000 a year and I will put half my paycheck in that forex and lose my money. I promise you. I've everything you're going through right now, I've already done it. Stay away from them lower time frames. a certain skill set that most of y'all do not have.
So anyway, I'm not going to draw this out. I I I don't want to, you know, wrap you all up too long, but I just wanted to just keep it real. I'm being 100% transparent, honest with you. Don't turn what I have put together into day trading. That's a skill set that you have to build first. Now, once you build how I showed you to do it and you get better, then you can come down and say, "Okay, yeah, I understand." because the the the patterns that I show you are a lot it's it it works on every time frame, but it's a lot more volatile. The more volatile it is, the the more of the likelihood that you are going to make irrational and emotional decisions and smoke your account every time. Every time.
So, I just want to just uh you know give you all that. Make sure you all check out the blacklinesocciety.com. Link is in the description. And uh if you at all got any questions, just feel free to reach out. Thanks for watching.