I get 100s of DMs asking: "How do I start making money via trading?"
I’m answering it here.
I will be honest, making money via trading is not complicated. People often make it complicated to shorten the learning route. It's not easy; it's hard. It's not complicated; it's simple.
It's like bodybuilding. The process is simple: show up to the gym five times a week, count your calories, take your macros, and sleep enough. The process itself is simple, not complicated. However, doing all of this—overcoming your laziness and not giving in to easy gratifications—is not easy; it's hard.
Trading Steps:
1. Find Assets: Identify 50 assets to track.
2. Mark Levels: Mark important price levels on these assets.
3. Stay Informed: Read the news related to these 50 assets.
4. Plan Your Trades: Write down at what level you’ll buy and the kind of price action you’ll buy it.
5. Use a Simple Setup: Choose a straightforward setup, such as buying when PVT, OBV resistance is broken with a downtrend break.
6. Repeat: Do this 1000 times. Learn from your mistakes, find your edge, and refine your process.
And then, you’ll have a high-quality method and a body of experience with thousands of hours of chart time. Combine this with risk management to avoid blowouts when you get trapped. It’s all simple, but not easy.
If you stop repeating the mistakes, someday, you'll stop making any mistake. Armed with an edge, sharp enough to retire you.
Hardly anyone puts in the time to select 20-30 assets, mark the levels, study the volume, and then show up every day and do it for 100 days.
Consistency and dedication are is rare. Keep pushing, and eventually, you will succeed.
Very excited to see the XRP Ledger Native Lending Protocol proposal up for review and feedback – if passed, this could bring new utility to the XRPL. Together with the native DEX, this lending protocol forms a critical pillar in enabling more accessible, efficient, and transparent financial services.
@JTheretohelp1 Sorry that is really unfortunate I hope your kids don’t end up seeing something they shouldn’t 🙏 hope you have a wonderful day and thanks for all the useful info 😁
Projects like $QNT $HBAR $DAG $XDC $HBAR $RNDR $XLM etc aren't specific to any narratives.
They're just building innovation.
Just so happens many innovations fall inline with Web3 narratives.
Industry grade utility isn't a narrative,
It's the end goal for DLT as a whole.
𝐒𝐇𝐎𝐔𝐋𝐃 𝐈 𝐊𝐄𝐄𝐏 𝐎𝐍 𝐃𝐂𝐀? — 𝐓𝐇𝐄 𝐓𝐑𝐔𝐓𝐇
I’ll divide this topic into three parts:
— $BTC
— TOP PERFORMERS
— WORST PERFORMERS
Here are my thoughts:
→ $BTC
Would it make sense to DCA on Bitcoin at the moment?
Do you want my honest answer?
For most people: ABSOLUTELY NOT
Why?
> Bitcoin already broke past the ATH it made in 2021; you missed the boat for this run.
> Potential ROI not attractive — Let’s say it goes to $150k in the next few months; you’re looking for a little over 2x.
Is it worth the risk? Nah.
> It outperformed Alts for months; I'm pretty sure the opposite will happen going forward.
There are way better options out there.
Why did I say “most people” above?
Well, because the average Crypto investor doesn’t have a lot of money to invest or it has a short-term investment horizon.
If, on the other hand, you have big bucks to allocate (so a 2x would still make you a ton of money) or you want to bet on Bitcoin for what it can reach in the next decade, go ahead and DCA.
→ TOP PERFORMERS
Should I DCA in coins like $KAS, $TAO, $FET, $RNDR, $INJ (etc.) that already went parabolic and became mainstream?
Remember this:
THE MORE A PROJECT GOES UP, THE RISKIER INVESTING IN IT BECOMES.
The market cap of all the projects mentioned above grew exponentially in the past few months.
Are they still undervalued?
I think so.
Will they go higher?
High chance.
Does the realistic ROI they offer from here make sense to you?
Probably.
BUT… ARE THEY THE BEST OPTION OUT THERE AT THE MOMENT?
PROBABLY NOT.
So, my advice here is that if you love these projects, you can still DCA in them and make good money from the current levels.
But, in the market, there are far better R/R opportunities: the so-called LAGGARDS.
→ WORST PERFORMERS
Last category: LAGGARDS
What are they, exactly?
Simply projects that are “lagging behind others,” meaning that they still haven’t started their bull run.
I’m repetitive, I know… but as an example, look at the $QNT chart.
Every project with a similar chart can be considered a laggard.
THIS IS THE CATEGORY YOU WANT TO FOCUS ON.
WHY?
DUE TO THE INSANE R/R, THEY OFFER.
But…
Read this first:
There are two types of laggards — STRONG PROJECTS AND SHITCOINS
> Some laggards have been building for the whole bear market.
They expanded their ecosystems, made excellent partnerships, and took giant steps forward.
Their only problem is that the price is not catching up to their fundamentals.
THESE ARE THE LAGGARDS YOU WANT TO BET ON.
> Other laggards are simply “lagging” cause they are absolute trash.
Worthless ecosystems.
The team not building.
Dino coins.
AVOID THESE LIKE THE PLAGUE.
THEY ARE NOT WORTH YOUR TIME.
—
So, moral of the story:
“SHOULD I KEEP ON DCA?”
→ If you have a clear plan and extra money, why not?
You could increase some key positions in your portfolio, so you’ll need less % gains to reach your targets.
BUT
BUT
BUT
BUT
BUT
ONCE ALTS START MOVING MASSIVELY, DON’T ACT LIKE AN NPC.
> Don’t continue DCA IN cause you think the market will keep going higher and higher.
> Don’t let greed blind you again.
To the opposite of what the herd will do, which is:
DCA OUT
TURN PAPER GAINS INTO REAL MONEY
CHANGE THE LIVES OF YOUR DYNASTIES
DON’T MESS IT UP 𓂀
I hope this little rant will help you <3
+ #BTC revenue from our passport program
+ Revenue from converting #BTC to USD for local businesses
+ #BTC from mining
+ #BTC revenue from government services
I'm 22.
I've been obsessed with trading for the past 5 years.
I spent collectively 5,000 hours studying the best books, the greatest traders of our time, and having 1 on 1 calls with them.
Here's what I found on how to become a top trader:
When #Bitcoin’s market price was low, they wrote literally thousands of articles about our supposed losses.
Now that #Bitcoin’s market price is way up, if we were to sell, we would make a profit of over 40% (just from the market purchases), and our main source of BTC is now our citizenship program.
We won’t sell, or course; at the end 1 BTC = 1 BTC (this was true when the market price was low and it’s true now); but it’s very telling that the authors of those hit pieces, the “analysts”, the “experts”, the “journalists”, are totally silent now.
Remember this, next time they spill lies again about El Salvador.
I've traded for 7 years...
And used this trading strategy for the last 4, it's based on Technical Analysis without complex indicators.
I'm giving it to you for free
(Full Guide)
I'll start by showing you examples of this strategy in action.
Trade 1 (Shared September 6th)
Long: $26.6k
Target: $28.1k
Result:
Trade 2 (Shared October 11th)
Long: $28.2k
Target: $29.9k
Result:
If you want to see my next bitcoin and altcoin trades, I'll share it on my free telegram today. (link in profile)
Now the strategy.
Most people think they know how to construct a trade strategy...
But they miss out half the steps.
Idea + profit target + stop loss
Is not a strategy.
You need 4 things
-Environment
-Logic
-Risk Management
-Execution
ALL of these combine to make your strategy.
1. Environment
We have two environments we need to pay attention to.
Ranging and Trending
Use moving averages to identify conditions.
I like the 7 30 and 100 MAs.
When they fan out, conditions are more trending. When they crossover, we are more ranging.
3. The logic
Look at structure to determine direction
Lower highs/lows = Favor Shorts
Higher highs/lows = Favor Longs
Try to catch the breakouts/downs from ranges.
Take less trades and lower risk in ranges.
If you look at my example trades, you can see I am betting on continuation after a loss of key levels.
My target, is the first significant resistance.
4. Risk Management
I've got free courses and PDFs on this in my telegram. I don't need to cover it here.
5. Okay what do I do now?
If you now want to build a profitable strategy you need to define for yourself
-Entry Rules: e.g x candle closes above/below key level (Make your own)
-Exit Rules: e.g next key resistance (Make your own)
Pick whatever you want.
Then;
-Select 1 asset
-Test 30 trades
-Review
-Improve
-Repeat
That's enough to get you going for now.
Testing, risk management, entry/exit rules, trade management etc goes MUCH more in depth than this.
There's no way I can fit it all into one post.
But follow along, I'll share plenty more.
#Bitcoin Price Update
As Predicted in the last Analysis, more downside was the correct call we took friends.
However, there seems to be more downside force at Place .
1. Current Range Low near $25.5k is looking weak. No new longs entering here now.
2. We had a nice previous day Value Area rotation trade earlier today. It is important to go through my strategy series to catch these trades. Value Area Low Now acting as resistance.
3. VWAP from last week's news pump and nPOC rejection held strong. We also had an SFP on the LTF. This was the perfect short trigger for traders who did not take the trade from the original nPOC rejection.
4. Monthly Open held strong. Unless we close a daily candle above this level, I am not interested in any longs unless we collect downside liquidity first.
Daily level at $25.2k is the key area for an SFP. Or if we have another flash dip, then the August 17 low at $24.2k (ByBit data) is where I will look for an SFP.
I am working on S/R and Liquidity Indicators 💯
I have already released Swing Trading Bitcoin and Alts (Link Below)
Will release the others soon for Tradingview.
You can access this Altcoin Swing Trading Indicator here with full instructions -
https://t.co/ziAHrFYqh9
There's no substitute for Screen time, watching Price Action and Hunting Patterns.
Note down trades and observations until it becomes second nature to you.
People do the Opposite by Spending 90% time in Theory and 'Mindset Training' and 10% in real trading.
🚨Advice for all Crypto Market Enthusiasts
It is Exactly that Part of the Crypto Market.
You should be
1. Preparing your Entries on the Coin you like.
2. Arriving at your thesis for Exit.
3. Building your friend trading Circle.
4. Levelling your Swing Trading Skills.
5. Working harder to get more Capital, by any means.
5.1. Prepare for Volatility to come back to BTC and ETH and Scalp the living day lights out of it, if you're into that.
6. Definitely stay away from influencers who Promise to give you the next 100x.
They will Dump 100 Pieces of absolute Garbage on you, making you the exit liquidity. ONE of those coins will 100x and it will be their claim to fame.
So Prepare well. Nothing Beats a man with Big Capital, solid friend groups and the ability to manage risk.
If you can't do any of it, maybe just DCA now on some BlueChips and walk away for 18 Months.
Yes we could Dump a Bit more if Powell gets more stupid but the Dump would look like a noodle in front of the Pump of Whales.
About Recession? You can't say a technical recession won't occur but more literature has been written about recession in 2023 by analysts than any other event, in history.
It is very likely it will be front run or the entire Population is highly prepared for it.
In Short, Prepare well, take risk, don't use leverage to increase your Capital but to manage risk and Prepare of the next Ponzi Pump.
Be Positioned before the next group of retail enters. You might still be retail, just don't be a new one.