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Management

Core rules to trade with Sinewave & MomentumHope this educational content will help you make a better use of the indicators. Remember that these rules are just ground rules. Positions sizes and stops positionning will depend on your own risk profile. This is up to you to find your comfort zone on these parameters. Indicators used in this video are : PRO Sinewave & PRO Momentum Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil
BITSTAMP:BTCUSDEducation
by PRO_Indicators
25
Stop Management using trend linesFirst I determine the gradient most important in the currency. I then look for parallels to this. I will enter when I get two touches on the line . I wait for the close price, to make sure that price does not spike down through the sloping line. (No Entry) Depending upon market activity I adjust my stop when price moves up to the next parallel. The closer the stop the more likely you are to get stopped out. Before I entered the trade above I must decide a number of things Is it better to hold BTC or another currency? Should I choose EOS or BCD? Note BCD outperformed EOS by a large margin Does it have a pattern that I can use to trade? Is my risk to reward greater than 5.? Will the entry happen when I am not at my computer? Can I actively manage the trade or will I be unavailable for a few hours? You can see why I exited this trade. The price is stair- stepping down along these ascending parallels. If is gains clear support I would once again consider an entry When traders have lost money in a currency, they often try to regain money in that currency. They then wait and wait for price to go back up. Then they say that there is a great team behind the currency and they are doing a big deal in two weeks that will change everything. Then they become a HODLer . They have changed the original intent of their purchase. On the other hand if you bought (with the PLAN of holding) ETH December 7 then in under 40 days you have 3.5X your value in USD I think that it is usually better to take a break for a few days. Then enter a different currency.
by a1Keith
Bitcoin: BTCUSD Stop management post breakoutBeautiful Bigger Bitcoin Stop management after Break out She grows like Alien and she's every bit as magnificent. Sweet flag with a low at 7885 (and another forming, just consolidation) so the hastily written update to drop the stop under 7850 hopefully kept any newer traders who unwittingly got sucked in at the high from getting stopped out. That was a nasty no-man's land break for a while there. Could only update on the crypto currency pages here showing this flag and praying for the break-out proper. Notice how once again there are just two touches of the lower parallel (showing it's hot, very hot) before it blasts off? For newer traders, that was a hair-raising hour there - hope you managed to buy on the first pull back rather than the top (if you bought at the top please go back and read the full mad narrative of this 2 week long chase after Bitcoin and check breakout trades) Anyway, hesitate to say it because it always feels like it can come back and bite almost any time, but this is a good breakout. The Chinese may well try to push it down on their open, but by tomorrow morning it should be considerably higher than 8000. Very unlikely to trade below 7850 now at lowest later tonight. Except for day traders, stops need to be left under 7800 for tonight, and even better, under the freezer lid level at 7717. We just have to get through tonight now for the bull case to hold strong and to finally toss away that key (if you're looking to hold for long term: no bad idea. Usual premise: wait until you see Bitcoin all over FRONT page of your hardcopy/old-fashioned newspaper and then start looking for that key again. Or trade it and perhaps make money either way. If you managed to play the triple play by the book, as laid out and managed to keep your stop under 7660 as advised you are now 350 points up so far, but super-geared after using the first profit as stop for the breakout trade - after a stultifying 34 hours we finally got our reward. Turns out that 7717 really was the freezer lid. Hesitate to say it but ....soon we can throw away the key and ride it awhile. Hope you've enjoyed the ride so far. This is just the end of the beginning for Bitcoin. There will be a lot of money to be made from trading this beast. Perhaps not from owning it: who can honestly say? But we can honestly make that claim if we trade it sensibly. It's the best fun. Even better than football. It's as good as Paul Pogba. Almost. Initial support at 8000, then 7860 and then major support at 7717-7000. Whilst above here Bitcoin is headed much higher.
BITSTAMP:BTCUSDLong
by sumastardon
2
Iconomi - a LONG story that nobody cares to understandDespite the fact that that ICN got no pump during this recent bull run on basically all the alt coins out there, the fundamentals have not changed, i'm still holding and i'm gonna do it until 10$ but that's not what most people want because it is at least 2 year away. Is funny how people are waiting for etf's here and there when they got a fund out of SEC approval right in their faces, ICN is not just a coin that sits in the portfolio and does noting, you can see it as shares in the company since your're going to receive weekly dividends ( to get them you have to hold min 42ICN in your ether wallet) ; this project is a bit more complicated at first glance because we talk about ICN, ICNx and ICNp which are 3 different things. And later on the OFM platform ( open fund management ) ------- The ICONOMI.INDEX FUND ( ICNx ) will reflect the development of the credible cryptocurrency market. It will be transparently managed and traded on major exchanges. ICONOMI.INDEX fund will include several thoroughly researched cryptocurrencies, including Bitcoin, Ethereum, Lisk, Steem and other major value tokens. The ICONOMI.PERFORMANCE FUND ( ICNp) will aim at high performance - multiplication of investment. It will be actively managed by a team of ICONOMI experts. The team will scout for propitious early investment I.C.O opportunities (crowdfunded startup projects and companies). Through the company-focused fund, everyone can become a venture capitalist, without any of the hassle and capital requirements. The ICONOMI Open Fund Management (OFM platform ) is a simple management tool where traders with knowledge and experience create their own investment funds. Investors, on the other hand, are able to invest even the smallest amounts, offering a clear overview of available investment fund managers and their current & past performance. The ICONOMI Open Fund Management (OFM) platform will disrupt the asset management industry. ------ This project is due to news in 2-3 weeks, ICNx is about the launch the beta phase, if people would do their research ICN would be at 1.4$ by now but at some point they will, it's inevitable, meanwhile is a screaming BUY.
ILong
by outboxvision
5
"Money is made by SITTING, not TRADING" - Jesse LivermoreOne of the major reasons why traders lose money is because they ride out their losses and close profitable trades too early. While being patient can help us to achieve our maximum profit potential, being patient on the wrong side of a trade can be costly. This is a great insight into why we are naturally predisposed to riding out losses and not quitting while we are ahead. It's an exert from a book that I recommend you all read called "Trading For A Living" by Elder Alexander. "Roy Shapiro, a New York psychologist from whose article this subtitle is borrowed, writes: 'With great hope, in the private place where we make our trading decisions, our current idea is made ready....one difficulty in selling is the attachment experienced toward the position. After all, once something is ours, we naturally tend to become attached to it....This attachment to the things we buy has been called the "endowment effect" by psychologists and economists and we all recognize it in our financial transactions as well as in our inability to part with that old sports jacket hanging in the closet. The speculator is the parent of the idea....the position takes on meaning as a personal extension of self, almost as one's child might....Another reason that Johnny does not sell, even when the position may be losing ground, is because he wants to dream....For many, at the moment of purchase critical judgement weakens and hope ascends to govern the decision process.' Dreaming in the markets is a luxury that nobody can afford. If your trades are based on dreams, you are better off putting your money into psychotherapy." If your trades, before you enter them, do not have predetermined take levels and stop loss levels, then you are setting yourself up to fail. Sitting really does make money, but before we sit, we must first SET and FORGET. Happy trading, AvidTrader
Education
by avidtrader89
9