The Crypto Trader: How anyone can make money trading Bitcoin and other cryptocurrencies 1st Edition
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Also, the author is accessible, as I reached out to him, only to be surprised by how quickly he returned my inquiry...perhaps due to the fact that he hasn’t reached star-status just yet(!). In any event, I’m excited to begin utilizing the wisdom within these pages, but before I do that- I’m going to reread the entire book (at least) one more time, just for kicks, as it’s not merely a dry book on the technicals of a complex subject matter, but actually quite funny at times. I’ll post an update to this review, once I’ve made my first million...
- - - UPDATE 10/26/2019 - - -
Alright, so I haven’t made any millions (yet), but hole-E crap. I thought I knew what I was getting into, and a bit about myself (see above), but nah, I found out rather quickly how this trading “thing” can expose sides of us that we never knew existed. Impulsive? Greedy? Obsessive? IGNORANT. Stupid? Yeah, that’s me. Within the first few weeks as trader, I lost WAY more than I felt comfortable with, and I almost thought of throwing in the towel (at a heavy loss), but thanks to the encouragement of my wife (who probably wanted to kick my ass), and the author’s stoic wisdom, I hung in there, and guess what: if you FOLLOW the advice in this book-
1. Grow your profits
2. Cut your losses
3. Trade the trend
...AND get ahold of your (psychotic) Hyde side, you will make money- as not only have I been able to recover all of my losses, but have actually turned a profit (just don’t tell the taxman)!
There’s so much more I could say, like giving credit to all the wisdom throughout the book attributed to Jesse Livermore (whose book I also purchased, and highly recommend), but I’ll sum it up in this:
Thanks Glen- your book literally changed my life, and now, I truly feel, with the knowledge and insight I’ve gained about the markets (and more importantly about myself), I surely am, “in it to win it.”
Yep, I’m still raking it in...in fact, I’m thinking about setting up my own (totally non-shady) trading service, where I can now charge $$$ for all the advice and techniques I learned in this book (sorry Glen), since I’ve seen so many SUCKERS who are willing to pay top dollar for “advice” that is absolute garbage!
Jk... But really, do yourself a favor: if you’re even considering getting into trading, buy this book, and read it, until you FULLY understand it, and then, and only then, start out your trading journey. This book truly is an absolute goldmine, and can save you $ and heartache, if only you listen and apply what’s in here.
Best of luck!
Top international reviews
I was already familiar with some of Glen’s work from his show on Share Radio and having heard him on investing podcasts, so I was therefore keen to hear his approach to crypto’s. His insight into trend trading was fascinating, really accessible and delivered with his usual light hearted sense of humour.
A great starting point for any budding investor in crypto’s or other asset classes.
Sent author a couple of questions I had regarding crypto and he replied almost instantly with answers and helpful advice. Legend !
The author makes a big claim in his title 'How anyone can make make money trading Bitcoin and other cryptocurrencies'. And he is right to make this claim.
What attracted me to this book initially was the fact the writer was a Business Correspondent for the BBC News, ITV News London as well as being a guest lecturer at the London School of Economics. You don't get much more legitimate than that.
He explains how the cryptocurrency market works, how to EASILY and SAFELY purchase Bitcoin and other 'altcoins', and - most important - when to sell.
He does not advocate greed. He teaches systematic, non-emotional trading strategies that he has learnt over many years and that we, as readers, benefit from. (One of his theories is that you sell not at the very top of the market but just after the first dip - so you take slightly less profit - and just before the market crashes.)
Best thing of all is that you don't need to know anything at all about cryptos. It is very well written in plain English, allowing anyone to understand how the market works and how to enter it. For someone who trades in the traditional share market this is the perfect book to make the transition to cryptocurrency. He uses a similar language and ideas to the share market (I now understand the mystery that is short selling!) and I am have recommended this book to several friends who want to start investing in cryptos. It is a surprisingly enjoyable read.
My one regret is that I did not know about Glen Goodman earlier. I started trading cryptos in September 2017. By December 2017 I had quadrupled my initial investment.
He makes the claim that he predicted the crash in December, 2017. I actually went and checked this out by going through his history on his Facebook page. It is true. And when others in the comments suggested he was panicking early, he stood by his position. And those who followed him, kept the money they made.
I followed the pack and watched my newly acquired funds lose 85% of their value. I won't be following the pack again.
I will be following Mr Goodman.