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Bitcoin-trading

How to Trade Triangles.________________________________________________________________________________________________________________________________________ Hello, Traders Investors And Community, here I show the important triangle-formations and how to trade them properly. These formations come in every-shape from big to small in today's markets and are sometimes quite often spotted. There are however some important and significant differences in trading them which I explain further. ________________________________________________________________________________________________________________________________________ 1.) Bullish Ascending Triangle 2.) Bearish Ascending Triangle 3.) Bearish Symmetrical Triangle 4.) Bullish Symmetrical Triangle ________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________ 1.) Bullish Ascending Triangle This formation is a typical known textbook bullish uptrend-formation. Normally it develops within a bullish trend and is a continuation-formation. Suggesting that the bulls make a break before going higher upward. It is formed by the typical horizontal higher boundary with steady-highs and the rising lower boundary with higher-highs. It is a logical mechanism that this formation breaks to the upside because the bulls are clearly stronger. The price projection range is taken by the first touch with the higher boundary and the ground of the lower boundary to project the minimum target in the breakout-zone where the triangle broke out to the upside. The triangle can be traded with immediate entry and stop-loss below the last low or conservative with the breakout to the upside. 2.) Bearish Ascending Triangle This formation is the logical and coherent counterpart of the ascending broadening wedge, the main difference here is that it breaks to the upside and is normally seen as a continuation to the downside. Here we see steady lows with a horizontal lower boundary and lower highs with a declining upper boundary. The formation breaks to the downside because the bulls getting weaker every new lower high is formed. When projecting the price to the downside we can take the measure from the first touch with the lower boundary and the equivalent point with the higher boundary to project our minimum. target. The triangle can be traded aggressively with entry before the breakdown or with confirmation after the breakdown. 3.) Bearish Symmetrical Triangle Here we have an interesting formation that must conform to the downside to give us the proper signal that it is actually really a bearish symmetrical triangle. Here we get lower highs with a descending upper boundary and higher lows with an ascending upper boundary. This formation has also an end-date, it is the date in which the lower and upper boundary come together which means that the formation has definitely ended at this date. We can measure our target from the touch with the lower boundary and its equivalent point at the upper boundary. The wisest way tot trade the triangle is after the breakout and confirmation. 4.) Bullish Symmetrical Triangle This formation is the bullish counterpart to the bearish symmetrical triangle and the difference here is that we get the first price touch with the upper boundary indicating a bullish outcome. We see lower highs with a descending upper boundary and higher lows with an ascending lower boundary before breaking to the upside. The breakout can be heavy which depends on the time symmetrical triangle has confirmed, the longer we stay in the triangle the stronger the breakout will be. We will get a minimum target when projecting the first touch of the higher boundary and its equivalent point of the lower boundary to the point where the triangle broke to the upside. The best way to trade the triangle is after breakout and confirmation of the boundary. ________________________________________________________________________________________________________________________________________ If you like this tutorial feel free to support. I also made an tutorial about broadening wedges which you find when scrolling down on my account. Will be great to see you there. Have a good day and all the best. Thank you. ________________________________________________________________________________________________________________________________________ “An investment in knowledge pays the best dividend” ________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDEducation
by VincePrince
6
Using Risk Management to Not Lose Money Risk Management In this article we are going to talk about the most exciting topic of risk management! Sarcasm aside, this is probably the single most important lesson that any trader or investor can ever learn. Warren Buffett famously said: "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1." So, if it is good enough for the most successful investor of all time, it is good enough to write a post about. Now, this quote does not apply to every single trade; no one trades without taking losses. But this is more about mindset, how to strategize, and your performance overall. In fact, with what you are about to learn, you will see that it is actually possible to lose more trades than you win while STILL being a profitable trader. We will get to the actual math/strategy in a moment. First, a short word about psychology. Nothing makes a trader lose more money than not having a well thought out plan or not sticking to it. We need to make our strategy first so that we can do it logically, and without emotion. This is easier to do beforehand because we haven’t actually put any money in the market yet. So, what is it that we need to know? What is my total account size? What am I willing to lose per trade? What is my Stop Loss? What is my Position Size? What is my Risk to Reward Ratio? If you cannot answer these questions then it is not a good idea to click the “buy” button! Unless you just want to gamble and throw money away. Question 1 - What is my total account size? Probably the easiest question for you to answer. Account size is the amount of money that you have in the market. Personally, I like to split my total account size into two parts. One part for longer term HODLing. One part for short-mid term swing trading. For my calculations, I forget about the HODL account and only look at the money in the trading account. I personally do not day trade. If I get into a position, I expect to be in it for 1-4 weeks. Obviously, this rule is flexible based on market conditions. Question 2 - What am I willing to lose per trade? This one is a bit more subjective because it comes down to how risk averse you are. It is generally accepted that you should risk between 1-5% of your account per trade. For me, anything above 3% is higher than I like, so I stick to 1-2% and sometimes 3. So, if you have a trading account of $10,000 and you want to risk 1%, you are risking $100: $10,000 x .01 = $100 To be clear – Risking 1% of your account does NOT mean using 1% of your account each trade. You are not spending $100 on each trade. Risk =/= position size. Risking 1% means that if your Stop Loss gets hit you lose $100. Question 3 - What is my Stop Loss? Firstly, what is a Stop Loss? A Stop Loss is an order that is placed to automatically close you out of a position should the price be hit. You should place your Stop Loss order right after you open your position. This is also a good time to place another order to close out your position at your target price. But where do you put the Stop Loss? A Stop Loss is best placed at a price that invalidates the reason you got into the trade in the first place. Sometimes this is, very creatively, called the “Invalidation Level”. For example, if you are trading a breakout to the upside, and then the price of your crypto shoots down in the other direction past your support levels, it is no longer a breakout and you should exit the position. To restate this in a different way, this level should not be arbitrary. There is no reason to automatically put your Stop Loss at 6.7138%, or any other random number, of your entry. The level you chose should be based on Technical Indicators; like a base of support, a Fibonacci level, or a previous high. This is because the market does not care about your arbitrary values. The market is made up of people and whales (who, believe it or not, are also people), and they, the ‘Market’, care about TA. Here is another example of a more short term trade to the downside. You could be more aggressive with the Price Target considering the resistance was so weak, but this is just an example to illustrate my point. (MACD looks nice there too. Learn more about that HERE ) Question 4 - What is my position size? In order to calculate position size we need to know a two different things: Risk Per Trade - 1 to 5% Distance from entry to the Stop Loss in percentage terms So the equation is Position Size = (Total Trading Account Size X Risk Percentage)/Distance to Stop Loss from entry For example, if you have a $10,000 account and you want to risk 2% while your Stop Loss is 10% away from your entry: ($10,000 X .02)/.1 = $2,000 Position Size while only risking $200. One thing to note here is that the closer your Stop Loss is to your entry, the larger Position Size you can trade with. So if you move the stop up to 5% away from your entry: ($10,000 X .02)/.05 = $4,000 Position Size while still only risking $200. Naturally, a larger position gives you more potential profit. (Don’t take this to mean use margin. I personally don’t use margin for Crypto and would recommend that most people don’t either.) Now that we have the position size, we should determine if the trade is worth getting into by finding your Risk to Reward Ratio. Question 5 - What is My Risk to Reward Ratio? The Risk Reward Ratio, sometimes simply known as R, is the ratio between your potential profit and potential loss. Reward/Risk = R So if you open a position where you can potentially lose $100, and you can potentially profit $300, then your trade has an R of 3. If you click on the Long or Short Position button in TradingView, you can move the sliders up and down and see what your R will be in real time. Double clicking on this will take you to the settings where you can input exact values. Since you set your Stop Loss at a logical point, one based on TA and not a whim, you should do the same with your Price Target. So why is having a high and, more importantly, realistic R a good thing? Because then you can actually lose MORE trades than you win and STILL be profitable. If you know your average R you can easily calculate the minimum win rate you must have to stay profitable over the long term: (1 / (1+R)) X 100 Let’s say your average R per trade is 2.5: (1/(1+2.5)) X 100 = 28.5% Meaning that you only need to win 28.5% of the time to not lose money overall. Because of the nature of this equation as your R increases, your required winrate to stay profitable decreases. Final Thoughts So, now that you have asked yourself, and have answered, the five big questions you are ready to open a trade. Remember why we do this. We should not expect to win every trade. But you must set yourself up so that when you do lose there is minimal damage to your account. Understanding the basics of Risk Management is the tool you need to keep your losses small, and account intact. Please let me know if you have any questions and if you like it, please hit the thumbs up and be sure to follow for more! Links to my Fibonacci Retracement, RSI, and MACD guides are below. Give them a read for more information!
Editors' picks
BITSTAMP:BTCUSDEducation
by zsamochin
55
RSI Trendline StrategyHello, traders! Last time we considered the topic about the technical indicator's types combinations to increase your profit. I promised you to show in details some strategy which applies combination of the indicators. Let's consider the TREND + OSCILLATOR strategy which uses the EMA and RSI indicators. First of all we should define the direction of a market trend. The price is above 200 EMA means that the market is in global uptrend. So, we are going to search bullish signs for RSI indicator. Today we are going to use RSI in a non-standard way. We will search the RSI downtrend lines breakouts. You can see such line on the chart. When the RSI breaks through this line during the price is in the uptrend it is a buy signal. It is great to have another one confirmation. Here we can see that the price bounced off the 200 EMA and exactly after that there was a massive growth. Why does it work? During the uptrend we often have the consolidation or correction phases. If the RSI is in the downtrend it means that the asset's oversold zone is upcoming, but the market is in the uptrend and bulls dominate. Thus, the money reaccumulates here and when the bear's activity become weak the bulls push the price above rapidly. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Education
by Skyrexio
4
EDUCATION: PitchforkHello, dear subscribers! Today we are going to consider a very important tool of trend trading - the pitchfork. What is the Pitchfork? The pitchfork is the variant of the trend channel. The difference is that pitchfork has an inner additional channel inside the big main trend channel. The median or the centraline divides these channels in to two parts. It is commonly known that the price usually tends to vary in the upper or lower pitchfork half. Thus the price can often find support and resistance next to resistance, support and central lines. Support, resistance and breakouts When the price breaks through the central line the price changes the half of the pitchfork. Sooner or later there will be the massive brakeout as a result of which the price escape the pitchfork. In our example the price broke through the resistance line and found the support above it. If the price has an attempt to return back to the pitchfork and this attempt was rejected we can expect the massive price growth. Trading Let's talk about the trading opportunities into pitchfork. We should observe carefully the monents when the price is next to the resistance, support or centraline. If there is a confirmation of the bounce off it the position should be executed in the direction of this bounce. DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
Editors' picks
Education
by Skyrexio
39
EDUCATION: Moving Average Support LineHello, dear subscribers! Today we examine another one support line type - moving average support. Definition Moving average support line is one of the advanced types support lines. It based on price moving average for any period which can be chosen for every particular case. MA helps to define the trend direction at current moment. If the price closed above the MA for at least ten candlesticks in a row we can identify this situation as uptrend. How to trade with MA support? Because the uptrend is identified we cam use the MA and price crossing points as entry points. In our case, when (1), (2) and (3) occurs, the next points from (4) to breakpoint can be used to enter the position. In case of success we will see the price touched and bounced off the MA. In opposite, the price break the MA line down, but the stoploss usage can help to eliminate huge losses. Summary 1)To identify the uptrend when the price closed above the MA 10 times in row 2)To entry the position when the price touched the MA 3)Fix the profit with it's bounce off the MA 4)Set the stoploss to eliminate the losses in case of sharp price decline
Education
by Skyrexio
EDUCATION: Simple Support LineHello, dear subscribers! Today we start our Educational series. We are going to public some elements of technical analysis every day. Definition The support level is the level which is likely not to be broken down by the price. It is a high probability of the bounce off this level. It occurs because when the price decreases, the demand is rising and the supply is decreasing. As a result the higher demand push the price up. How to trade with support We can get into the position on the support line level. For example, at the point (D) we already know that blue line is support (because of points (A) and (B). Also we have to use the stop loss level, if the price will substantially break this level down. If the price broke down the blue support (G), we can wait the yellow line price level to enter the position (3). It is also widely known that the price is likely to return back to the previous support (H) Summary 1)To define several support levels 2)To get into position on the first one 3)To fix a profit in case of price bounce 4)To fix small stop loss in case of huge breakdown 5)To buy again at the lower support. It is very effective strategy but there are a lot of cases, when support level definition is impossible.
Education
by Skyrexio
Risk-To-Reward-Calculation with Key-Components.________________________________________________________________________________________________________________________________________ Hello Traders Investors And Community. Welcome to this educational idea about the risk-reward-calculation in position trading with the 5-Key-Components determined. Today's markets constantly changing and adapting and in such environments, we need to stick to a systematic trading approach to have the long term goals realized and do not fall apart of market-making and smart money operators, when considering position-trading there are some important steps in acquiring the long-term-success we should take apart when calculating the right risk in comparison to our capital and other key-steps to measure what trading is the best for ones individual trading-system to achieve the aims we desire. Therefore I contributed the 5-Key-Components inevitable to measure one's risk-to-reward in the market and best applied in a functional trading-system. 1.) The 5 Key Position-Trading Rules 2.) Acknowledging Risk Aversion 3.) Risk-To-Reward-Calculation 4.) Risk-Reward-Ratio vs. Winrate 5.) Possibilities of Success and Ruin ________________________________________________________________________________________________________________________________________ 1.) The 5 Key Position-Trading Rules 1. First Rule: Do not hold the position longer than necessary: It is important to choose a trading-system which has good entry timing and the right opportunities to exit therefore it is the best to be in the market when volatility increases and takes profit at the important levels to not hold the position unnecessarily longer. 2. Second Rule: Aim to make as much as possible by risking as little as possible: When trading we should advance by making the most of what we have at hand, today's markets offer options with leveraged trading which can work also with smaller percentages of the deposit at hand, in this case, the leverage should be calculated right. 3. Third Rule: Only risk a small amount of capital on any trade executed: It is commonly under beginner traders to risk a high percentage of the total deposit, this is a fatal mistake as the risk grows exponentially, to achieve security of the deposit in the long-run, the maximum risk per trade should not be more than 10% from the deposit, best is 0.5-2%. 4. Fourth Rule: Don't come to the situation to meet margin calls: This means you should avoid being marginally called on any occasions, when this happens there is evidence that the trade was too risky and the stop-loss better be placed before the margin call, when it happens, it should be a time to review your trading-system. 5. Determine the maximum drawdown for every trade in advance Before every trade you should measure how your position size with the stop-loss will possibly take a drawdown in the deposit. When the risk is too high then the smaller position should be preferred, when it is still too risky than a bigger account will be a good option. ________________________________________________________________________________________________________________________________________ 2.) Acknowledging Risk Aversion This is a very important step in determining ones individual trading-systems, as traders act differently to circumstances some traders are risk-averse and others are risk-seeking, this means how the trader is reacting to risk and how much the individual would risk receiving a return. In the graph, you can see that the lesser your capital is the higher your risk-seeking, you are more ready to risk something averagely when your capital is lower, this diminishes the higher your capital is, there are different risk preferences reaching from extreme risk averter to extreme risk seeker. ________________________________________________________________________________________________________________________________________ 3.) Risk-To-Reward-Calculation In the big table in my chart you can see the risk-to-reward calculation and the values in it, the first value is the risk meaning how much you want to risk in the particular trade coming to the second value, the return is what you get in return on your trade. For example, you want to buy bitcoin at 15000 and have set the target at 15010, by the technical analysis you have determine a stop-loss at 14500, this will be a highly risky trade as you are risking to lose 500 points comparison to 10 points. The best trades are in the green section on the table beginning with trades where you gain 2 and risk 1, these trades should be the aim and preferred, the breakeven ratio determines how much trades need to go in breakeven to be long-time profitable. ________________________________________________________________________________________________________________________________________ 4.) Risk-Reward-Ratio vs. Winrate This rate is showing you how your trading develops by time, when you have a good winrate this means you are closing many of your positions in a profit on the other side when this winrate is low you closing too many positions in a loss and often be unprofitable in the long-run. What determines an excellent trader now as it is marked in the chart is when the average risk-reward ratio is high and the winrate also, this means you close many of your positions in a profit and also with the proper risk-reward-ratio. On the middle of the chart is the threshold determining low and high, you can also be profitable when your risk-reward is high and your win rate low or in reverse, what should definitely be avoided is when both the winrate and ratio are lows this means you have to adapt your trading-system for sure. ________________________________________________________________________________________________________________________________________ 5. Determine the maximum drawdown for every trade in advance This is a simple but very effective and important graphic showing the likelihood traders have for a point of ruin and how much the risk of ruin in comparison to it is, meaning when your deposit is at a level on which there is no longer possibility to continue. This graphic shows that when your capital is more your risk of losing it diminishes, on the other side when it is low the possibility for losses is more as the capital is not big to stand the losses, this is a groundstone knowledge in determining the trading-system together with risk. The graphic shows that the higher your deposit is the better you can take the risks in comparison and the lower it is the higher is the risk of losing more, this is why it is important to combine the risk together with a solid portfolio. _______________________________________________________________________________________________________________________________________ Alright, these where the 5 key-components to determine risk in markets accordingly, traders should always look for the individual situation and where the journeys should lead, therefore it is important to determine the risks in comparison to rewards which I bundled into the 5 Key-components necessary determining the risk-management in ones trading-system, these components can be combined applied, or single integrated into ones trading-system. _______________________________________________________________________________________________________________________________________ In this manner, thank you for watching , support for more tutorials and a good day! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets. ________________________________________________________________________________________________________________________________________
Editors' picks
COINBASE:BTCUSDEducation
by VincePrince
29
Other income sources / faster growthTrading is a way to make money but unless you start with 3 million it will take a while to get anywhere, and to be able to live off that alone. If you are doing this right, you will miss out on rallies often, as might happen with Bitcoin here, there isn't that many really good opportunities in my eyes. Successful people get like 2 trades a week, and even active day traders often say that 1 single trade makes their month and the rest is pointless. I wonder what people's opinions are on ways to diversify or grow faster. I made this little list of ideas and for each I tried to find the biggest downsides in my opinion, because that's what I do, I focus on risk and reasons not to do something. * Look for work at a hedge fund (using a good track record) - Working hours - Having a boss - If they don't understand your strategy they'll be annoying * Start your own fund - 1 million tons of regulations - Costs, have to hire people etc - PR and networking and all this is 95% of the job 5% is actually being good at buying and selling * Offer a copy trade service - Everything you do is visible to everybody in detail - There are regulations - This does not pay much does it? * Offering an education and signal service - You're in a cesspool of filth, and alot of people will assume immediately you are a scammer - Most people that sign up are not naturally gifted and you will have to deal with failure - In professional mode 24/7 (can't troll on social networks anymore :<) * Trade friends money (on their behalf or borrow) - Potentially dealing with emotional people on drawdowns, especially if you start with some losses - Lame and just you're going to be more attached personally to this - Unless you have billionaire friends... * At certain thresholds just risk bigger and bigger. Ex: risk 1%/trade, once up 10% risk 2%/trade, then 3% etc - You could end up giving away what took months to build - Still goes rather slow if you are not going completely crazy and raising risk little by little - If your strategy stops working right when you start going bigger you are going to love this * Start a ponzi scheme but call it an inverted triangle growth factor that mathematically cannot fail - Great idea! - Wow why didn't I think of this before? - What could possibly go wrong? * Invest in a trashcoin and lose all your money - Why not? - To the moon! - Excellent idea * Just give up and go back to a regular corporate wagecuck job - No - I did my time already - No * Start a youtube channel - Stay poor - Worse idea - NO * Start a website and make money with advertising - Does this make money? - About what? - 900 hours of coding and 4 hours a day to maintain it? (Going to take a while to get started, not sure it works out of course too, probably does not pay much for all the time spent) * Buy and sell stuff on the internet - Learning curve - End up with lots of crap? - Does this work? * Start making a video game - Learning curve here we go again - Going to take a while - Might not like doing this after a while * Get into real estate, buy on a loan and use people rent to pay the appartment - Super slow actually - Have to deal with so many things, this does not seem part time, at least at the start when you don't have people working for you - Learning curve and regulations and I don't even know what else * Become a CNBC expert - Oh here we go again with the trolling - Idk I ran out of ideas - Ye * Buy a little spot somewhere and start selling sandwiches - Is this troll or not I can't even tell? - Hours - Raaaaa but it suks * Beg for money - This actually seems to be the thing at the current time - Sad, very sad - Fierce competition from e-girls for lack of a better term * Learn to trade stocks and crypto alts, to get more opportunities and grow faster - Overwhelmed with information - Correlation? - Just too much to look at
BITFINEX:BTCUSDEducation
by MrRenev
2
Pt. 1 - The Perfect TraderThe Perfect Trader Defined as an individual that never makes the wrong call. Someone that always buys the bottom and sells the top. (This is contrary to the normal trader who buys the tops and sells the bottom) I like to do something called "post-analysis". It is when I go back and look at historical situations to attempt to learn something (sometimes I do and sometimes I don't). When I do these analyses, I like to think of myself in the shoes of the perfect trader. When I think this way, I am able to work backward to determine what works and what doesn't! I have used this strategy to develop the exact trading algorithms that I use today. It is a fairly straightforward process: 1. Pick a long-term chart 2. Pick out the perfect buy and sell points 3. Add your favorite indicators to the chart 4. Try to make those indicators tell you to "buy" at the right times and "sell" at others Simple right? Well, it can get a bit complicated when you have 30 lines on your chart at once so I am going to break it down. Pick A Long-Term Chart The chart above is a daily chart of BITFINEX:BTCUSD . It gives me plenty of data points to work with. I highly suggest using this strategy with longer time frames and with coins that have a lot of data. We want to be able to analyze true sentiment (not short-term noise) and that is best done in longer time-frames. Pick Out The Perfect Buy/Sell Points The green and red vertical lines are where the perfect trader would buy and sell. I always start with a trend analysis (the blue lines). This means: Look for patterns and draw lines (kinda like geometry class in grade school). These lines normally are drawn at support and resistance levels over trends. So you want to find the bottom points of the trend and the top points of the trend and see how the prices bounce between the two: EX. You can see how the price of BITFINEX:BTCUSD has been bouncing between those two blue lines over the past few months. The perfect trader would have bought at the top of this trend and sold at the bottom! Think about this: While all of you were losing your money, the perfect trader was increasing his BTC balance and maintaining his USD balance during this downturn (ie. Simply buying and selling at the right times in the long term is enough to have an incredibly profitable portfolio. DON'T make things complciated). If you had 1 BTC at the peak and sold, you would have 4 BTC at the bottom and you would still have $20,000 USD. Too many traders forget this and they start thinking so short term that it kills them! We are playing a long-term game and the long-term must be understood before the short-term can be mastered! Stop chasing after trades. Stop getting excited when everyone else is getting excited. Most people lose money in this game, so why should you follow them? This post is going to be continued. I may continue it in the form of a video because some of the further explanations are difficult in written form. If you enjoyed it, throw me a like. Cheers!
BITFINEX:BTCUSDEducation
by UnknownUnicorn1542001
6
A Or B For Bitcoin ? + The Best Strategy To Trade Bitcoin What's up guys so this is a new analysis and educational update on the only true crypto king, Bitcoin. So we have a strong support at 7.8/7.9k and we could bounce on it and go retest the 200 sma around 9k or continue to drop thru this support as you can see on the chart with scenarios A and B. If the market decides to break that support and go with B, I think BTC could drop around 7.1k where I see good supports again. Bitcoin will maybe finally crack that 6k base one day but I expect a strong bounce back to the previous support before it happens. Remember that supports often become resistances... And Bitcoin is an asset that particularly respect very well this kind of pattern. This is why I think under 7.8k is a good buy for a swing trade on Bitcoin. A lot of people say that Bitcoin is so weak right now and as an investor they're maybe right. But when you look at the BTC chart as a trader, this statement is so far from reality. I mean go take a look at this chart again... Look at all those bounces that BTC gave us. I mean if you wait for a good drop to buy you will always have a strong bounce to sell at profit. Just wait for those long big drops of BTC and continue to buy as Bitcoin is falling. Never put all your money at once. Buy a little at X price and buy a little bit bigger when it continues to fall so your break even sell will fall with Bitcoin... However guys, practice with virtual money before trying this strategy. Cause even if it's easy to me, I know some inexperienced traders can struggle a bit at the beginning and I really don't want you to lose money. Be wise on markets, never try to time the market, find a good strategy and stick to it and starts with small amounts ! Cause markets can be brutal. Alright hope this helped you guys ! Stay tuned for more updates, Fred
BITFINEX:BTCUSDEducation
by FrederickDupont
BTC -> The Way Life Works -> Patience Is Key To Success -> Trading Starts With The Basics. Instead of writing a bunch of garbage like most of the people that post on Tradingview.com. I want to remind everyone to keep it simple. Here is some randomness that might make you look at the market the way your supposed to. With a grain of salt. Learn to read the market signals, get in when it signals you to get in. Get out so you dont over stay your welcome. Profit, Take Partials, Repeat Trading is psychological Trading Takes Patience Trading Requires Your Undivided Attention You Think Its Going Higher? Thats The Exact Moment Whales Exit You Think Its Going Lower? Thats The Exact Moment Whales Enter Most Traders Fail Due To Their Beliefs. Most Traders Fail Due To Their Stubbornness. You Will Fail If You Do Not Let Go Of Your Beliefs. You Will Fail If You Do Not Have Patience. You Are Failing If You Do Not Manage Your Wealth Properly. Never Trade Larger Quantities Than You Feel Comfortable With. Never Trade Margin Unless You Are Familiar With Margin Trading Never Get Stuck On Your Beliefs Learn To Read Charts Learn To Keep Journals Of Your Trades Learn To Stop Repeating Your Mistakes You Are Rewarded With Profit You Are Scolded With Losses You Will Repeat This And Continue To Lose Or. You Will Learn Patience, You Will Learn The Keys To Success, You Will Learn To Have An Unbiased Opinion Of The Market And Then You Will Potentially Be Profitable. Why? Because The Chances Are When You Profit You Just Got Lucky, Being Able To Execute Repeatable Results Is The Key. Being Consistent. Good Luck My Fellow Traders Please Take This As An Education Please Share This With Your Friends, Please Like & Subscribe And Make Sure To Protect Your Wealth! Audiobook Suggestion www.youtube.com Why Listen To Me? 6 Years Of Trading, Lots of Losses, Lots Of Emotions, Lots Of Bullshit. It all came back to patience, knowledge, and discipline. Lets Try To Get This Post To The Front Page. Thank You!
BITFINEX:BTCUSDEducation
by TheCryptAlpha
5