A reddit post from galgitron that was removed by mods
The nature of Whales and their feeding cycles. This is ENTIRELY my own thesis, terminology, and beliefs; all based on my years of experience in trading and the various discussions and observations that I’ve had over those years.
Before we begin, we should take a hard look at ourselves first.
The Average Investor
- Playing with relatively small money (maybe $20 — $10k), but it seems like a lot to them, more than they should be risking
- Exhibits compulsive tendencies, which led them into this risky trading arena in the first place
- Has very little experience trading
- Trades emotionally instead of strategically
- SUPER impatient
- Trades often, sometimes multiple times a day, doesn’t sleep, eat or shower, looks like a crackhead, unhappy
- Tends to exhibit strong brand loyalty; personifying and emotionally attaching to and vigorously defending their chosen coin, and venomously and perpetually hating on any coin that mistreated them, or even if the other coins…
