Who are you in trading?

There are three stages of trader development.

The crypto market is full of people who want to make money. But why are some in the black and others in the red? Why do some people swear that triangles work, while others are dead set on the RSI? Why does someone analyse only the spot, while others bury themselves in futures and everything related to it? And why are people always on the lookout for that ‘holy grail’ and grabbing for any trading software?
The answer’s pretty straightforward, but let’s take a closer look at it.

There are always three stages in any activity:

• A child is interested in everything and wants everything at once.
• A teenager - a bit of understanding, but already thinks he’s the smartest.
• An adult gets what he needs, keeps things simple and only does the minimum.

The problem here is that 95% of people in the market don’t have a stable income on the crypto market as they’re still in the child or teenager stage.
The first two stages are pretty similar, with the only difference being the trading experience. Teenagers have already tried something, but they only choose tools that confirm their point of view.
Let’s have a more detailed look.
A child trader doesn’t really understand how the market works. For him, it’s like magic with unicorns, where everyone around him makes money by simply waving a magic wand. That’s why he rushes in one direction or the other.Well, as they say, everything in this world is magic until you learn about physics and chemistry.
It’s interesting how a teenage trader doesn’t really understand the basic processes, but their trading experience makes them think they’re better than everyone else. He doesn’t listen to sensible advice any more, especially if it goes against what he thinks. Quite often, his magic RSI in quotes or magic margin levels help him to close positions in the black. He thinks he’s got the market figured out, and now he’s hot on the trail of the elusive Lamborghini.
The phrase fits here: 'Don’t tell me how to live, just give me some money’.
An adult trader is someone who has got the basics, set their goals in the market, and chosen to do business in a way that works for them. Yeah, trading is a business. A trader like that is always thinking about how to save time and get more done.
And here’s the thing I find most interesting.

The devil is in the details!

Anyone who’s into technical analysis or popular strategies like smart money will tell you they’re an 'adult’. But a true ‘adult’ doesn’t use methods that are not logical, not proven, not scalable, and easily destroyed by simply increasing capital or expanding the list of trading pairs.
People who work with 'liquidation maps' or 'open interest' will also say that they are ‘adults’ because they know about market volumes.
But a true ‘adult’ won’t use tools that are far from the basic mechanics of the market.
And someone who tries to mix everything into one pile can’t really be considered an adult. You can’t build anything scalable at random.
Here at Resonance, we’ve been dealing with market data and working with it for ages. To begin with, our trading strategies were a bit complicated. But loads of people went through our university and courses and gave us feedback. We made it easier for you.
We’ve come up with strategies that use the minimum necessary, are logical and easy to use. They can be scaled up or down for any amount of money, and they’re great at helping with any psychological issues.
To start earning steadily, you need to understand that you are now at the stage of a child or teenager. You’re making everything more complicated and romantic than it needs to be.
Then just take it one step at a time and stick to the plan.
But.

How is it that Resonance shares profitable strategies?

'So they don’t work!’, the ‘teenage traders’ tell us.
They also like to add: ‘If everyone uses them, the strategies will break!’
But when it comes to market mechanics, these arguments don’t hold up.
Our strategies are based on the basic states of the market: deficit and surplus.
For these states to disappear, the market would have to cease to exist.
How does it work?

• When the price goes up because there’s a shortage of something, that’s called a deficit.
• A surplus is when the price falls because there’s too much of the product.
  It’s not always a good idea to buy when the price is already going up.
  It’s better to spot the moment when a deficit is just starting to form.
  How can you catch it? Hmm.

## Where does this deficit actually come from?

The price is set in the spot market. That’s why we analyse spot volumes.
To find a deficit, you just need to check the cluster chart of a spot pair - it’s so easy!
In our latest training courses, we even ask students to show us that this doesn’t work. We’re more than happy to help, and we’ve got all the data they need, but no one’s been able to prove it yet, and it’s probably never going to happen.
Even if we all wear tinfoil hats.
And let’s not forget that 95% of the market is made up of ‘children’ and 'teenagers’. They buy when they need to sell, and vice versa.
So, their ‘mistakes’ end up being a profit for those who are already 'adults’.

The Dunning-Kruger effect:

People with a low skill level often make wrong conclusions, but they don’t realise it because of their low skill level.

Let’s apply this to trading:
Sometimes teenagers who don’t understand what’s going on end up setting up their own channels or courses to teach other people the things they’ve got wrong.
They’re convinced they’re right, but what they’re actually doing is spreading more lies.
It’s annoying, but that’s just how the world works.

So we just work and teach those who still have the ability to think critically. And the more of us there are, the more people will ‘learn’ and start earning a steady income.

So, to sum up:

• If you’re looking to save some time, our course is a great option.
• If you’re not quite ready, you can always start on your own. The Resonance website has all the training materials you need.
  The most important thing is to keep going!