I quit my job to do full-time crypto-trading. Made 12 BTC profit last month - page 23.

Mark_R

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The profit amount is really amazing. Hopefully you are very lucky and more experienced about crypto trading. My one question regarding your trading result that how much money you spent for earning 12 btc in one month period? May be you spent huge amount IMO. Just curious to know about the amount of money you spent. Thanks

Yeah, reasonable question. Definitely the results depend on the sum of money under management.

Here is my trading performance for a couple of months (including May with 12 BTC earned)

Mark_R

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Quote from: Pipdips on September 20, 2019, 11:57:12 AM

Mark, what daily or monthly statistics do you log, or are you just jumping in each day and trading for profits? Do you track things like your biggest or smallest wins and loses? Or the number of winning trades to losing trades?

Well, I monitor all the timeframes and play on the one most appealing for me at a current moment. In August I was doing a lot of scalp while in September I had more day trading. Record all the stats daily. The next week will post the results of the month.
As for the biggest or smallest wins and loses, yeah! Tbh,I'm a statistic man Grin

Try to record everything for both my strategy and sometimes even fun and pleasure. Or show off lol.
And the nu of winning and losing trades as well - yeah! This is a robust indicator of your trading strategy. For instance, in scalping the ratio is generally higher than 75% approximately. If I see it is lower this may mean that I'm tired/annoyed/drunk or do anything wrong. Better to monitor this

Mark_R

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Quote from: crwth on September 21, 2019, 06:29:10 AM

Quote from: Mark_R on September 21, 2019, 03:31:25 AM

Treating trading as a business is the right thing. It all depends on your efforts and investments..
Treat trading like a future job and it will become a job in the future.

Hey there Mark_R!

I agree with what you said that you should treat it like that. No matter the consequences are it’s always a matter of how you are going to respond with the following market results. It’s all in the attitude as well. I’m just sharing with you some of the stuff that I have learned with the book called “Trading in the Zone”. It’s a very good book.

Thank you a lot mate! Haven't read this. Already added this to "to-read" list.

crwth

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https://linktr.ee/crwthopia

Quote from: Mark_R on September 21, 2019, 03:31:25 AM

Treating trading as a business is the right thing. It all depends on your efforts and investments..
Treat trading like a future job and it will become a job in the future.

Hey there Mark_R!

I agree with what you said that you should treat it like that. No matter the consequences are it’s always a matter of how you are going to respond with the following market results. It’s all in the attitude as well. I’m just sharing with you some of the stuff that I have learned with the book called “Trading in the Zone”. It’s a very good book.

Mark_R

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Activity: 434

Merit: 34

Quote from: pundit on September 20, 2019, 10:25:35 AM

Hi Mark,

Your trading results are really convincing, you have earned a handsome amount in a short span and that too w/o much risk It shows your great trading results. As you say you have 12 years of experience but I think its your learning edge which is making you a successful trader. Many people out here may have good experience but are still struggling. I think one need to treat trading as pure business, how much risk should be taken in a single trade, where to buy and sell and where to exit, these are some points which need to be considered before taking any trade. I wish you good luck for the time ahead.

Treating trading as a business is the right thing. It all depends on your efforts and investments..
Treat trading like a future job and it will become a job in the future.

nreal

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arcs-chain.com

Wow! You're great, but maybe you should introduce you with more than ten years of trading experience right in the introduction to the first line. That will make new people like me have no thought. work before reading the last line. Roll Eyes

Pipdips

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Mark, what daily or monthly statistics do you log, or are you just jumping in each day and trading for profits? Do you track things like your biggest or smallest wins and loses? Or the number of winning trades to losing trades?

pundit

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Hi Mark,

Your trading results are really convincing, you have earned a handsome amount in a short span and that too w/o much risk It shows your great trading results. As you say you have 12 years of experience but I think its your learning edge which is making you a successful trader. Many people out here may have good experience but are still struggling. I think one need to treat trading as pure business, how much risk should be taken in a single trade, where to buy and sell and where to exit, these are some points which need to be considered before taking any trade. I wish you good luck for the time ahead.

Mark_R

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Activity: 434

Merit: 34

desticy

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www.cd3d.app

Quote from: ?? on ??

Quote from: Vishnu.Reang on July 23, 2019, 09:45:07 AM

It was a very brave decision to quit the full-time job. And I am glad that in the end it worked well for you. But you should not get carried away by the initial success. There will be ups and downs with crypto-trading. So be prepared to take hits, sometime in the future. Adhere to strict stop-loss targets and it will make sure that when your luck runs out, the losses are limited.

so true. lots of things you need to pay attention to. even though you get what you want when you get out of your job, but we know that not always you can get the results you get at the moment. in the world of trading, we cannot guess something accurately, even more so if it's about crypto. so, paying attention to the current chart will be an activity that you need to keep working on.

Mark, for example, has vast experience in trading, 12 years is a huge number, imagine how many situations and mistakes went through him.
Many do not reach their result in just a few steps. In trading, the strategy and its compliance is extremely important.
If you do everything according to your plan, sooner or later the theory of probability will shift to your side, and you will receive such a long-awaited income. The author of this thread is a living confirmation of this.

Mark_R

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The TOP10 assets from CoinMarketCap, except for Stellar (XLM) and USDT, are in the red zone currently.

Shorted ETH successfully in this strong bear rally after $210 support breakout.

Mark_R

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Quote from: qiwoman2 on September 18, 2019, 09:28:38 AM

I just started following you on Twitter and wanted to ask you how long did it take for you to learn to trade with confidence? I always wanted to learn to trade but felt I never had the knack for it. I do an incy bit of spot trading but nothing major league. I see that you have made a great success and it's encouraging for newbies who want to learn to trade. For a newbie like me where do you think I should start and what courses or youtube channels do you think I should focus on as a beginner. I know a little bit about indicators and learning to read candlesticks etc but am far off even dreaming of becoming a professional trader, but would want to start somewhere, putting in say an hour a day to learn. I just am too overwhelmed with everything that is available to know from where I should actually start from. Everyone also is on Bybit and Bitmex leverage trading so that also is more daunting.

Hello mate! I'm already 12+ years in trading.. Did not notice when the confidence came, probably after 4 years. You will feel this. Try a lot, use demo. Use paper testing. Never forget to trade with the money affordable only. Then, after you start earning, pay lots of attention on risk and money management (this is what many newbies forget about. Best teacher is your own experience. I suggest choosing proven sources and studying regularly. Monitor your mistakes always!

Books:
"Behavior of Prices on Wall Street"
Toby Crabel:
“Day Trading With Short Term Price Patterns and Open Range Breakout"
Murphy, John J.:
“Technical Analysis of the Futures Markets” - MUST (charts, candles, basics...).
Also try
Edwards and Magee Boston:
"Technical Analysis of Stock Trends"
Wilder, J. Welles.:
“New Concepts in Technical Trading Systems”
Dr. Elder.:
“Trading for a living”
Larry Williams:
“Long-Term Secrets to Short-Term Trading”

Youtube is good as well. But never rely absolutely on indicators only or 1 trading strategy presented in Youtube video.

Good luck!

Mark_R

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Activity: 434

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Quote from: Mark_R on September 18, 2019, 04:01:47 AM

The triangle formation is perfect at #BTC futures chart. Waiting for a strong move up or down.

This worked. BTC lost $500 in an hour after an accurate triangle formed.

🔻This resulted in the liquidation of long positions on BitMEX for a total of $154.7 million.

🔻News from China. The mining industry might be banned in the country. Boom!

qiwoman2

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Oikos.cash | Decentralized Finance on Tron

I just started following you on Twitter and wanted to ask you how long did it take for you to learn to trade with confidence? I always wanted to learn to trade but felt I never had the knack for it. I do an incy bit of spot trading but nothing major league. I see that you have made a great success and it's encouraging for newbies who want to learn to trade. For a newbie like me where do you think I should start and what courses or youtube channels do you think I should focus on as a beginner. I know a little bit about indicators and learning to read candlesticks etc but am far off even dreaming of becoming a professional trader, but would want to start somewhere, putting in say an hour a day to learn. I just am too overwhelmed with everything that is available to know from where I should actually start from. Everyone also is on Bybit and Bitmex leverage trading so that also is more daunting.

conected

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Quote from: Juliedarwin on September 18, 2019, 12:18:41 AM

Think first before you quit a job..but it is all yours when and how would you do it for you're own sake. When you're not compatible with your time to do it both with your job and to trade, , i think much better you quit and you need loss one of them. And if to trade is your choice.. Then its good for you. Do it for your own good.

- He may not need your advice when the fact proves that he made the right decision, he made a lot of money from trading, your advice should be used for many people here who just look at the topic and feel that trading is a place to make money, ignoring the risks and problems in it. Believe me, a lot of people here will follow this story and some will succeed, others will complain on many other topics, huge rewards have made many people think lack of insight, having a good direction of development is good but first, we should know how much our talents are in the game

Mark_R

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Quote from: Juliedarwin on September 18, 2019, 12:18:41 AM

Think first before you quit a job..but it is all yours when and how would you do it for you're own sake. When you're not compatible with your time to do it both with your job and to trade, , i think much better you quit and you need loss one of them. And if to trade is your choice.. Then its good for you. Do it for your own good.

Definitely it is a complicated decision that considers your skills, ambitions, time responsibilities and so on

Mark_R

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The triangle formation is perfect at #BTC futures chart. Waiting for a strong move up or down.

Juliedarwin

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Think first before you quit a job..but it is all yours when and how would you do it for you're own sake. When you're not compatible with your time to do it both with your job and to trade, , i think much better you quit and you need loss one of them. And if to trade is your choice.. Then its good for you. Do it for your own good.

PuertoLibre

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Quote from: Mark_R on September 17, 2019, 01:51:44 PM

The mood of the day:

While a trailing stop cares about the rest of my #ETH position, the only thing I care about is the amazing lakes of Croatia.

Reloaded.

The beautiful side of working without boss as an independent trader, you can travel the world while making money without the distance and time limitation. Good luck to the traders who have started their journey which we read as a source of motivation. It is not everyone's cup of tea, so many traders failed to achieve the long term goals due to lack of emotional management. Greed and fear are the drivers of the our trading goals in the short term but long term traders don't have the mentioned obstacles. All the best!

Mark_R

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Activity: 434

Merit: 34

The mood of the day:

While a trailing stop cares about the rest of my #ETH position, the only thing I care about is the amazing lakes of Croatia.

Reloaded.

Topic: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month - page 23. (Read 10847 times)