THE TOP GUYS AIN'T USING TECHNICAL ANALYSIS BRO - DataSets
Feb 24, 2025
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Luke Belmar, an expert in data sets and creator of The Fundamental Principles Known To Be True Across All Religions dataset, discusses the importance of calculation and critical thinking in trading, the power dynamics of institutional players in the cryptocurrency market, understanding trends and positioning for success, and the significance of taking action and avoiding misinformation in the business world.
Success in trading and investing is more reliant on information and knowledge than the amount of money you have.
Critical thinking and utilizing unconventional methods are crucial in trading and investing.
Deep dives
The power of multiplying money through information
The podcast episode highlights the importance of having the right information and knowledge in order to multiply money. The speaker shares their personal experience of turning a 5k account into 100k by opening strategic positions in cryptocurrency. They emphasize that it's not the amount of money you have, but the information you possess that leads to success. The speaker also stresses the significance of learning and researching, rather than over-trading based solely on technical analysis. They provide an example of a billionaire who launched satellites to measure oil reserves as a means of making informed trades.
Thinking outside the box and using multiple tools
The podcast emphasizes the importance of critical thinking and thinking outside the box in the field of trading and investing. The speaker argues against relying solely on technical analysis and urges listeners to equip themselves with as many tools as possible. They highlight the need to look beyond what the majority is doing, as top investors and billionaires often utilize unconventional methods. One example is a billionaire who used satellite measurements of oil storage lids to inform his trading decisions. The speaker emphasizes the value of critical thinking, experience, and knowledge.
Positioning oneself in a changing landscape
The podcast discusses the need to adapt and position oneself in a rapidly changing world. The speaker identifies green renewable energy as a major upcoming sector and advises listeners to look for opportunities within it. They stress the importance of not trying to disrupt the system, but rather understanding and capitalizing on the trends and movements within it. They caution against relying solely on communities and echo chambers for information, highlighting the potential dangers of misinformation and uninformed decisions. The speaker encourages individuals to take responsibility for their own success and to position themselves in communities where they can learn from those who are ahead.