Art of Options

$20,000 for one bitcoin looks so distant now.  People keep losing large sums of money. The early phase of blockchain technology brought a lot of inflated expectations including the expectation to become rich fast by investing in this new miracle technology. Alas, currently the negative mood is spreading among blockchain investors. The crypto market is past the peak of inflated expectations and enters the  Trough of disillusionment phase.  The pain is far from the end. Everyone who invested in bitcoin or any other blockchain product is wondering now: what is going to happen next and will the price ever rise again?   Broadly speaking the crypto market so far is a social rather than economic phenomenon. As such it is a proper subject for the Elliott wave approach where market cycles and trends are aligned with the collective mood of investor crowds. The downward move from 20500 to 5580 is a classic 5 wave impulse, wave I. The new base for wave III, @11800, was established by wave II (

A lot of traders have the same story how they learned a lot about trading while in the process get their accounts destroyed. To avoid such learning process one can use a virtual trading account. This way a trader has an opportunity to figure out first a profitable trading strategy which suits his/her personality.  Also, keep in mind that getting familiar with a particular trading platform often is a steep learning curve.  TD Ameritrade and Tradestation are probably the best among few brokers having virtual trading facility.   Virtual Trading is  close enough to real trading when an underlying is a very liquid stock or futures contract and you are not looking for tick scalping strategies.  For example,   AAPL  shares or  /ES  futures usually are good for virtual trading on time frames longer than 10-15 minutes.   Real Trading,  however, will be always very much different because of the psychological aspect which can not be replicated in a virtual environment.  No virtual t