I'm giving you my 6-step guide to make a crypto bull market trading strategy.
Take 5 minutes out of your day to learn.
Step 1: Pick 1 Niche
It's tempting to trade everything in a bull market.
But the ones who make the most money get REALLY good at a few things.
You're competing with @TheFlowHorse, @Trader_XO, and @trader1sz if you're trading majors.
You're competing with @ZssBecker and @elliotrades trading crypto gaming.
You're competing with @thedefiedge on DeFi Projects.
Specialise in trading one niche and beat everyone who isn't focused.
Step 2: Market Conditions
There are 6 types, choose the ones you want to trade.
-Up Volatile
-Up
-Sideways Volatile
-Sideways
-Down Volatile
-Down
If you don’t know how to identify them there are free tutorials in my telegram.
Step 3: Entry
If "x" happens I will buy.
Example: If we get "2 candle closes above resistance" I will buy
Use simple repeatable tools like support/resistance, moving averages, volume, and Fibonacci levels.
Avoid chart patterns, trendlines, triangles… They’re hard to repeat consistently and you don’t need them.
Step 4: Stop Loss
Again, make it easily repeatable.
Try using an invalidation stop loss.
Ask yourself where would my idea be invalidated?
Example: If price revisits the initial resistance I will close my position.
Step 5: Profit Target
Controversial but start with just 1 R:R for every trade.
The goal here isn’t to start perfect.
It’s to start at a point that is easy to iterate from after you test.
Step 6: Test
Don’t love back testing.
It doesn’t take into account emotions, analysing the current market sentiment or your lifestyle.
It doesn't build real experience.
Instead, use a small account ($100 / $1000)
-Test 30 trades with a SMALL account and journal all of them religiously.
-Review the trades
If you make money, great you have a strategy.
If you lose money, great countertrade yourself and you have a strategy.
The ONLY way you can lose here is if your system is break-even. If you break even you need to start from step 1 again.
Once you have your strategy profitable
- Keep adjusting your rules based on your journal
- Add trade management rules
- Find new assets
This should give you enough to start but here are some bonus tips.
-Start with trading longs only, it’s easier.
-Start on lower time frames to build experience faster
-Keep things as simple as possible
-This guide did not include psychology or risk management. They require their own guides and you can find them for free on my telegram.
It took me ~2 years to become consistently profitable.
Should have taken me 6 months.
Everything I wish knew when I started trading:
1. Reduce your position size. If you can't trade $100 dollars, you can't trade $100,000.
2. Trade the 1 minute chart to get experience quickly.
3. Risk 1% per trade.
4. Expect to be wrong 40%-60% of the time.
5. Technical analysis should be simple.
6. 1 screen is enough.
7. Have a plan before entering every trade.
8. Never pay for indicators.
9. Most people don't need to trade full time.
10. Disciplined and healthy people win at everything, including trading.
11. Without a trading journal you are 100% gambling.
12. You never "win" this game, you keep playing till you lose or leave.
BITCOIN TRADING MASTER-CLASS🚨
Chapter 4- Advanced Risk and Schedule Management.
Master
• Trade expectancy
• Evolving R
• Review utilisation.
Link- https://t.co/tA9Mm7knSK
MUST READ IF YOU PLAN TO TRADE FULL TIME.
RT Appreciated.
How to actually make money trading
1. Take 30 - 100 trades
2. Journal them
3. Look for patterns in winners and losers
4. Make improvements
5. Return to step 1
You have all the secrets now.
Monede des intalnite in comentarii sunt INJ, OP si RNDR. Urmeaza sa fac un video cu ele pe Youtube. In clipul de mai jos este extragerea + detalii despre grup.
Felicitari castigatorului!🥳
@gamax593
BTC.
Interesant rezultat pe Spirala Fibonacci.
Este doar de entertainment, nu va bazati 100% pe asta pentru ca nu o sa se repete la nesfarsit...
Aproape aceleasi rezultate puteti avea doar masurand alte zone de top sau bottom din ciclul precedent.
Datele din video pot ramane valabile cat timp BTC nu scade sub 15K...
The Worst thing about Crypto is that you make profits because of stupidity of other traders.
The easy thing about Crypto is that there is no shortage of Stupid People.
Phase 2.0 has officially landed! We wanna hear from you, drop your comments 👇 below!
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T&Cs link in bio #Promotion#ProjectKyzen
#LYC is one of the bigger losers today due some good adoption news that appears to be fake.
Even without this knowledge we had posted evidence of hidden bearish divergence and regular bearish divergence ahead of the modest selloff today.
All eyes on #FOMC for potential follow through
When I was 12 I decided I was going to dedicate my life to storytelling. I took a long & super weird path to get here, but now with a half billion views on @YouTube, more than a million views on my comics, and now the 2nd phase of my video game, I feel like I’ve arrived.
⛩️ Kyzen Is Calling You: Defy Reality. ⛩️
👍 Like & 🔁 Repost to win a brand new Kyzen outfit, ready for Phase 2.0 coming September 2023!
Link to T&Cs in bio.
#ProjectKyzen#promotion
Here is the blueprint of
"Trading Time Frame".
Trading strategy remains same but each individual must decide their trading Time-Frame based on their lifestyle.
No single TF will fit every trader.
Retweet to spread the word.
⛩️ Kyzen Is Calling You! How Will You Answer? 📣
Phase 2.0 launches 09.26.23! 🚀
👍 Like & 🔁 Repost for a chance to win 1 of 2 ultra-rare Kyzen helmet or Answered Prayers K.R8Z 🔥
T&Cs link in bio. #ProjectKyzen#promotion