Greed, aggression, shouting, anxiety and a hype that would put a football stadium to shame. Mix them all in a cauldron and you have the atmosphere of a modern-day crypto trading floor.
On one of his first days on the trading floor, a colleague was talking about what is a so-called "supercharger". This is a part of decentralized finance (
When the supercharger opened and it was time to be quick and focused, Moritz beat the colleagues to the finish line. Some of you might think that it is a team sport and people would be impressed and happy for the young Moritz, but what followed was a barrage of profanity and rage that would have most people hang up their cleats and never look back.
Not only did
So, what is a normal morning routine for a trader like
05:00 The alarm goes off and it is time to rise and shine. Start right away with plenty of water and a quick workout to keep body and mind in tip-top shape.
05:45 Firing up the computer to check messages from his numerous investors. Simultaneously checking up on the news of what happened during the night. Most of the time you wake up in the middle of the night to follow the Asian market session.
06:15 Investors meeting and briefing of current situations and future plans for the day.
07:00 Now he has a brief overview of what is important today as well as the news that could have a drastic effect on the
The first indicator to have a look at is called 'crowd bias index'. This algorithm basically tells you if there are any indications that the trend is going up (bullish) or down (bearish). After that it is a day full of various charts, models and algorithms which are all part of the secret recipe of
When being in a business where you need to be first and best, you might think that the most stressful time of the day is before lunch, but that is not the case here and the market does not take any lunch breaks. People start running and shouting and without a clear plan as well as a strong focus, anyone can get overwhelmed.
The world of cryptocurrencies today is in a very interesting state, according to Moritz. Many countries want to take or add crypto to their day-to-day payment methods. This will most likely result in a movement from the world of crypto into more regulated waters, which is crucial for
One question he often gets asked is whether this decentralist finance asset management has any risk? Yes, is the short answer. However he sees the risks as quite reasonable considering the promising benefits associated with
Media Contact
Company
Contact Person: Media Relations
Email: team.emea@exogenou.com
Country:
Website: https://www.exogenou.com/
Source: www.abnewswire.com
.
(C) 2022 M2 COMMUNICATIONS, source