Topic: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month - page 38. (Read 10845 times)
June 15, 2019, 11:59:44 PM
12 Btc? I wish I can do the same. I'm certain that your experience trading in other platforms makes it easy for you to make this possible. And you are lucky that you still have funds you can use at the time even if there's a long bear market before the rally has began in the past weeks. I wonder how much btc you will make when an all new time high is achieved next year with the next halving event.
June 15, 2019, 08:05:33 PM
choice is yours. follow your heart as long as you are getting enough money. i lost my job and finding another one is difficult. learning the crypto trading has been a major thing for me but i am finding it difficult. i wish that i have some one to train me. i know i will be good at it.
If this job does not make a guy happy, if it does not bring money and satisfaction when trading can do it, the choice is not bad at all. Good professional traders can make much money, although the work 24/7.
June 15, 2019, 07:31:09 PM
Long-awaited BTC moves
June 14, 2019, 02:21:25 PM
choice is yours. follow your heart as long as you are getting enough money. i lost my job and finding another one is difficult. learning the crypto trading has been a major thing for me but i am finding it difficult. i wish that i have some one to train me. i know i will be good at it.
If this job does not make a guy happy, if it does not bring money and satisfaction when trading can do it, the choice is not bad at all. Good professional traders can make much money, although the work 24/7.
June 14, 2019, 11:32:23 AM
You know what you are doing because quitting job is not a good Idea and we do not recommended to do that to every person who wants quit their job for trading. But you are the one who are have good future in trasing because you made 12 bitcoin profit last month. How much is your capital because I think it is very huge because you earn like that huge amout of bitcoin and even Im older than you in trading Im not earning more than that even like that.
June 14, 2019, 09:27:20 AM
As what I see you are a pro trader your technical analysis is good by the way congratulation for making a good profit for only 1month approximate 12btc you made a right choice for quiting your job and go for full time trader but not all people can do what you done.
Do you use indicator? And what timeframe do you follow to monitor the flow of altcoin?
Do you use indicator? And what timeframe do you follow to monitor the flow of altcoin?
Hello! It comes with daily practice and years of experience.
Generally, I use 5m and 15m timeframes, but always look through other timeframes to have a better understanding of the market state.
I am not a fan of dozens of indicators. MA is one of the most common and reliable (or a couple of MAs to make a cross)
Volume is also what I pay attention to. I apply other indicators, but not is a constant way. What is important here is have an absolutely clear understanding of what this indicator means and how it is calculated. And definitely not to put all the indicators you know in one chart. It won't save your deposit.
June 14, 2019, 08:27:26 AM
As what I see you are a pro trader your technical analysis is good by the way congratulation for making a good profit for only 1month approximate 12btc you made a right choice for quiting your job and go for full time trader but not all people can do what you done.
Do you use indicator? And what timeframe do you follow to monitor the flow of altcoin?
Do you use indicator? And what timeframe do you follow to monitor the flow of altcoin?
June 14, 2019, 08:12:23 AM
choice is yours. follow your heart as long as you are getting enough money. i lost my job and finding another one is difficult. learning the crypto trading has been a major thing for me but i am finding it difficult. i wish that i have some one to train me. i know i will be good at it.
You can start from the basic even though you are still very noob to the system. Search through Yutub to find out good videos that can teach you the basics of trading. Even here on the forum you can look up to your search engine textbox and you will see good stuff for trade and investment threads and replies that will help.
I cannot quit my job for crypto full time becasue, of it nature of unbalance, in terms of the market.
June 14, 2019, 08:02:05 AM
ETH turned the right way
How you identify the patterns and catch all these moments? I am aware of the tech analysis and use indicators, but still fail
Just wanted to comment on this.
BASE FOR PATTERNS IDENTIFICATION
It's an interesting how people identify patterns.
I just would like to mention that this is not exactly what some traders do. It is not the dozens of indicators and not the candles learned by heart.
While getting known with and looking for the pattern you need to find a right trigger, I mean the reason underlying this or that pattern. When you see what is beyond, you are getting a sane market understanding.
Btw, too obvious patterns are not a good idea, as everyone will be in already. Thus, do not wait for the setup. Help it to happen rather. You bear risks this way, but you are able to make them affordable and rule the market, while the others are ruled by it
Thank you so much. I still cannot get the idea who to build by strategy basing it on patterns. What are the major issues to determine?
June 14, 2019, 06:45:40 AM
That's truly interesting to get yourself termed a trader. Being a trader is not an easy job unless you know the nook and corner. Trading is all about continued learning, user who has the perseverance to learn will flourish good in trading with large profits amd one of the example for the same is the Op.
Exactly what I'm saying is an endless learning curve. A basis for present and future success
June 14, 2019, 05:21:17 AM
ETH turned the right way
How you identify the patterns and catch all these moments? I am aware of the tech analysis and use indicators, but still fail
Just wanted to comment on this.
BASE FOR PATTERNS IDENTIFICATION
It's an interesting how people identify patterns.
I just would like to mention that this is not exactly what some traders do. It is not the dozens of indicators and not the candles learned by heart.
While getting known with and looking for the pattern you need to find a right trigger, I mean the reason underlying this or that pattern. When you see what is beyond, you are getting a sane market understanding.
Btw, too obvious patterns are not a good idea, as everyone will be in already. Thus, do not wait for the setup. Help it to happen rather. You bear risks this way, but you are able to make them affordable and rule the market, while the others are ruled by it
June 14, 2019, 02:59:34 AM
5m chart XBTUSD
Catched long before downwards move. Used breakout as a signal
Catched long before downwards move. Used breakout as a signal
God that's perfect
June 14, 2019, 02:58:57 AM
ETH turned the right way
How you identify the patterns and catch all these moments? I am aware of the tech analysis and use indicators, but still fail
June 14, 2019, 02:45:23 AM
5m chart XBTUSD
Catched long before downwards move. Used breakout as a signal
Catched long before downwards move. Used breakout as a signal
June 13, 2019, 03:59:02 PM
That's truly interesting to get yourself termed a trader. Being a trader is not an easy job unless you know the nook and corner. Trading is all about continued learning, user who has the perseverance to learn will flourish good in trading with large profits amd one of the example for the same is the Op.
June 13, 2019, 03:02:26 PM
ETH turned the right way
June 13, 2019, 02:54:31 PM
choice is yours. follow your heart as long as you are getting enough money. i lost my job and finding another one is difficult. learning the crypto trading has been a major thing for me but i am finding it difficult. i wish that i have some one to train me. i know i will be good at it.
Of course if we can manage we should quit our job as in trading there is high amount of profit but as according to me it sis good to carry both because trading never disturb our job, we can carry both at the same time, in trading you can earn additional money so use both if you have choice try to choose never quit your job and use trading as an additional earning. June 13, 2019, 10:14:27 AM
Hey. I see you are successful in crypto. I’m crying my heart here, probably you could give me any piece of advice. I lost almost EVERYTHING…
How you survive..? I saw your statement. Feel like I won't have such ever. I'm lost and have no idea how to recover my funds...
How you survive..? I saw your statement. Feel like I won't have such ever. I'm lost and have no idea how to recover my funds...
Hello. I was starting from small steps and silly mistaked. I had no detailed plan for some time and suffered losses. What you see is the result of years. What did happen? Why did you lose so much?
I suggest you not to trade for a while for sure.
I already stopped.. I lost almost EVERYTHING… All my crypto and fiat funds… I was always believing in crypto and was buying ETH and BTC at the bottoms and the price was increasing. Even when the bear market reduced the value of my portfolio I didn’t give up.
Then the story was quite pleasant, with the market recovery I was actively speculating and increased my deposit from 0.02 BTC to 0.2. I was really euphoric. That was the time of my graduation and I was thinking to cover my tuition fees by my profits in crypto. I has trading for hours. The feeling of happiness came to me so quickly. And in the same mode it gone…
That time I dot known with leverages. Started trading at Bitmex (I see your screens are exactly from there).
So, I was confident in my strategy. I earned some more money and started my margin trading. That was a mistake. I did everything as before, but with one unexpected market movement I lost everything. Then started a revenge trading. And one more mistake followed. Willing to get back my money I used the ones I was saving for years… What I got is margin call and the one more margin call. The last money was lost tonight… What is left for now is zero. Zero deposit and zero desire. Seems like it is the end of my crypto trader career. Overall, I lost 1.6 BTC, which is probably not a lot for you… But for me it is everything since I have just graduated. I feel really suppressed writing it and sometimes I feel like I’d better have killed myself… I don’t know what to do.
I feel what you are talking about. Learned the same lesson at about your age and as I can remember the sum of money was similar, but that time I was trading triple leveraged ETFs. Remember I lost everything I had, and I was going to lose even the first car I just bought. I was really devastated and decided to learn from it. By the way, it took me about a year to really get over the loss.
I decided to start fresh and just learn from it. It took me about a year to really get over the loss, but I bounced back and worked my ass off doing double shifts at the restaurant I worked at. Fast forward 11 years and I’m sitting in a paid off house that I never dreamed I would be living in at this age. You can do big things if you work hard and focus on your goals. The lesson I learned at 23 years old had a lot to do with the work ethic I have now that made me very successful financially. $10k is nothing to me nowadays. My crypto portfolio alone lost about $45k in value today and I’m having a beer right now feeling fine if that tells you anything.
My point is that your situation will change drastically in a few years if you choose to fight for it. It can get way better. The deciding factor is you. Now it is better to stop for a while, analyse the reasons an then start strading very carefully, that's my advice
Thank you for the support, it's really important to hear sth like that from a person with a similar experience. So you started to trade after a year?
I can share the screens, that's terrifying....
Not really, it actually took me about a week to start trading again. What I did that week was deep studying of risk and money management. I saved the rest of my deposit with the help of scalping. The positions also were decreased. Are you familiar with the techniques to recover the deposit and what about your risks? Everything can be fixed
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Read here that you helped this guy to stare the successful recovery. Could you please share your advice?
That would be precious, as I see your results and feel that you are very very advanced in trading
Yeah, we analysed the case. The drawdown was harsh, but we structured everything and the recovery already comes
I will write all the steps I’d recommend, including the ones related to psychology.
SO, DRAWDOWN
Thus, if you have a losing position,
1) Accept that you are losing. It is an integral part of trading. The earlier you accept it, the more money you will save
2) Analyse. This is what our trading journals for. I often make screens of the trades to look through them and understand what the reasons of the failure are
3) Cut your losses. Part by part reduce the position which causes your drawdown. Make it insignificant for you
4) Having got rid of the losing position, you need the recovery:
4.1) Minimize the position size. It would not be so stressful (if you feel you are in tilt, stop trading for some days)
4.2) Understand what your best strategies/tools/trades/markets are
4.3) Use them only. Be it one trade a day or a couple of days. But it should be confident and perfect
5) Try strategies:
5.1) Scalping
5.2) Strong trend would be your true friend that time
5.3) My fav pyramid trading (increase the position step by step) and reversal (take profits by several steps)
5.4) Manage stop losses (you can use breakeven strategy), but not rush into it, cutting profits. This point should be applied in a very careful way.
Actually, these rules and strategies are applicable in any case. An effective way to cut losses and make more profits with less risks.
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Thank you for sharing!
Could you please clarify what you analyse by the trading jornal?
Also, to make it absolutely broken down, the reasons why this happens
Major reasons:
1) MM&RM violence (absence?)
2) Psychology (revenge trades, greed, tilt)
3) Wrong position sizing / leverage
P.S. 95% of traders lose because of that (!)
Thx mate!
What's that pyramid you say which you are so keen on?
June 13, 2019, 09:55:20 AM
Hey. I see you are successful in crypto. I’m crying my heart here, probably you could give me any piece of advice. I lost almost EVERYTHING…
How you survive..? I saw your statement. Feel like I won't have such ever. I'm lost and have no idea how to recover my funds...
How you survive..? I saw your statement. Feel like I won't have such ever. I'm lost and have no idea how to recover my funds...
Hello. I was starting from small steps and silly mistaked. I had no detailed plan for some time and suffered losses. What you see is the result of years. What did happen? Why did you lose so much?
I suggest you not to trade for a while for sure.
I already stopped.. I lost almost EVERYTHING… All my crypto and fiat funds… I was always believing in crypto and was buying ETH and BTC at the bottoms and the price was increasing. Even when the bear market reduced the value of my portfolio I didn’t give up.
Then the story was quite pleasant, with the market recovery I was actively speculating and increased my deposit from 0.02 BTC to 0.2. I was really euphoric. That was the time of my graduation and I was thinking to cover my tuition fees by my profits in crypto. I has trading for hours. The feeling of happiness came to me so quickly. And in the same mode it gone…
That time I dot known with leverages. Started trading at Bitmex (I see your screens are exactly from there).
So, I was confident in my strategy. I earned some more money and started my margin trading. That was a mistake. I did everything as before, but with one unexpected market movement I lost everything. Then started a revenge trading. And one more mistake followed. Willing to get back my money I used the ones I was saving for years… What I got is margin call and the one more margin call. The last money was lost tonight… What is left for now is zero. Zero deposit and zero desire. Seems like it is the end of my crypto trader career. Overall, I lost 1.6 BTC, which is probably not a lot for you… But for me it is everything since I have just graduated. I feel really suppressed writing it and sometimes I feel like I’d better have killed myself… I don’t know what to do.
I feel what you are talking about. Learned the same lesson at about your age and as I can remember the sum of money was similar, but that time I was trading triple leveraged ETFs. Remember I lost everything I had, and I was going to lose even the first car I just bought. I was really devastated and decided to learn from it. By the way, it took me about a year to really get over the loss.
I decided to start fresh and just learn from it. It took me about a year to really get over the loss, but I bounced back and worked my ass off doing double shifts at the restaurant I worked at. Fast forward 11 years and I’m sitting in a paid off house that I never dreamed I would be living in at this age. You can do big things if you work hard and focus on your goals. The lesson I learned at 23 years old had a lot to do with the work ethic I have now that made me very successful financially. $10k is nothing to me nowadays. My crypto portfolio alone lost about $45k in value today and I’m having a beer right now feeling fine if that tells you anything.
My point is that your situation will change drastically in a few years if you choose to fight for it. It can get way better. The deciding factor is you. Now it is better to stop for a while, analyse the reasons an then start strading very carefully, that's my advice
Thank you for the support, it's really important to hear sth like that from a person with a similar experience. So you started to trade after a year?
I can share the screens, that's terrifying....
Not really, it actually took me about a week to start trading again. What I did that week was deep studying of risk and money management. I saved the rest of my deposit with the help of scalping. The positions also were decreased. Are you familiar with the techniques to recover the deposit and what about your risks? Everything can be fixed
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Read here that you helped this guy to stare the successful recovery. Could you please share your advice?
That would be precious, as I see your results and feel that you are very very advanced in trading
Yeah, we analysed the case. The drawdown was harsh, but we structured everything and the recovery already comes
I will write all the steps I’d recommend, including the ones related to psychology.
SO, DRAWDOWN
Thus, if you have a losing position,
1) Accept that you are losing. It is an integral part of trading. The earlier you accept it, the more money you will save
2) Analyse. This is what our trading journals for. I often make screens of the trades to look through them and understand what the reasons of the failure are
3) Cut your losses. Part by part reduce the position which causes your drawdown. Make it insignificant for you
4) Having got rid of the losing position, you need the recovery:
4.1) Minimize the position size. It would not be so stressful (if you feel you are in tilt, stop trading for some days)
4.2) Understand what your best strategies/tools/trades/markets are
4.3) Use them only. Be it one trade a day or a couple of days. But it should be confident and perfect
5) Try strategies:
5.1) Scalping
5.2) Strong trend would be your true friend that time
5.3) My fav pyramid trading (increase the position step by step) and reversal (take profits by several steps)
5.4) Manage stop losses (you can use breakeven strategy), but not rush into it, cutting profits. This point should be applied in a very careful way.
Actually, these rules and strategies are applicable in any case. An effective way to cut losses and make more profits with less risks.
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Thank you for sharing!
Could you please clarify what you analyse by the trading jornal?
Also, to make it absolutely broken down, the reasons why this happens
Major reasons:
1) MM&RM violence (absence?)
2) Psychology (revenge trades, greed, tilt)
3) Wrong position sizing / leverage
P.S. 95% of traders lose because of that (!)
June 13, 2019, 09:27:18 AM
Hey. I see you are successful in crypto. I’m crying my heart here, probably you could give me any piece of advice. I lost almost EVERYTHING…
How you survive..? I saw your statement. Feel like I won't have such ever. I'm lost and have no idea how to recover my funds...
How you survive..? I saw your statement. Feel like I won't have such ever. I'm lost and have no idea how to recover my funds...
Hello. I was starting from small steps and silly mistaked. I had no detailed plan for some time and suffered losses. What you see is the result of years. What did happen? Why did you lose so much?
I suggest you not to trade for a while for sure.
I already stopped.. I lost almost EVERYTHING… All my crypto and fiat funds… I was always believing in crypto and was buying ETH and BTC at the bottoms and the price was increasing. Even when the bear market reduced the value of my portfolio I didn’t give up.
Then the story was quite pleasant, with the market recovery I was actively speculating and increased my deposit from 0.02 BTC to 0.2. I was really euphoric. That was the time of my graduation and I was thinking to cover my tuition fees by my profits in crypto. I has trading for hours. The feeling of happiness came to me so quickly. And in the same mode it gone…
That time I dot known with leverages. Started trading at Bitmex (I see your screens are exactly from there).
So, I was confident in my strategy. I earned some more money and started my margin trading. That was a mistake. I did everything as before, but with one unexpected market movement I lost everything. Then started a revenge trading. And one more mistake followed. Willing to get back my money I used the ones I was saving for years… What I got is margin call and the one more margin call. The last money was lost tonight… What is left for now is zero. Zero deposit and zero desire. Seems like it is the end of my crypto trader career. Overall, I lost 1.6 BTC, which is probably not a lot for you… But for me it is everything since I have just graduated. I feel really suppressed writing it and sometimes I feel like I’d better have killed myself… I don’t know what to do.
I feel what you are talking about. Learned the same lesson at about your age and as I can remember the sum of money was similar, but that time I was trading triple leveraged ETFs. Remember I lost everything I had, and I was going to lose even the first car I just bought. I was really devastated and decided to learn from it. By the way, it took me about a year to really get over the loss.
I decided to start fresh and just learn from it. It took me about a year to really get over the loss, but I bounced back and worked my ass off doing double shifts at the restaurant I worked at. Fast forward 11 years and I’m sitting in a paid off house that I never dreamed I would be living in at this age. You can do big things if you work hard and focus on your goals. The lesson I learned at 23 years old had a lot to do with the work ethic I have now that made me very successful financially. $10k is nothing to me nowadays. My crypto portfolio alone lost about $45k in value today and I’m having a beer right now feeling fine if that tells you anything.
My point is that your situation will change drastically in a few years if you choose to fight for it. It can get way better. The deciding factor is you. Now it is better to stop for a while, analyse the reasons an then start strading very carefully, that's my advice
Thank you for the support, it's really important to hear sth like that from a person with a similar experience. So you started to trade after a year?
I can share the screens, that's terrifying....
Not really, it actually took me about a week to start trading again. What I did that week was deep studying of risk and money management. I saved the rest of my deposit with the help of scalping. The positions also were decreased. Are you familiar with the techniques to recover the deposit and what about your risks? Everything can be fixed
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Read here that you helped this guy to stare the successful recovery. Could you please share your advice?
That would be precious, as I see your results and feel that you are very very advanced in trading
Yeah, we analysed the case. The drawdown was harsh, but we structured everything and the recovery already comes
I will write all the steps I’d recommend, including the ones related to psychology.
SO, DRAWDOWN
Thus, if you have a losing position,
1) Accept that you are losing. It is an integral part of trading. The earlier you accept it, the more money you will save
2) Analyse. This is what our trading journals for. I often make screens of the trades to look through them and understand what the reasons of the failure are
3) Cut your losses. Part by part reduce the position which causes your drawdown. Make it insignificant for you
4) Having got rid of the losing position, you need the recovery:
4.1) Minimize the position size. It would not be so stressful (if you feel you are in tilt, stop trading for some days)
4.2) Understand what your best strategies/tools/trades/markets are
4.3) Use them only. Be it one trade a day or a couple of days. But it should be confident and perfect
5) Try strategies:
5.1) Scalping
5.2) Strong trend would be your true friend that time
5.3) My fav pyramid trading (increase the position step by step) and reversal (take profits by several steps)
5.4) Manage stop losses (you can use breakeven strategy), but not rush into it, cutting profits. This point should be applied in a very careful way.
Actually, these rules and strategies are applicable in any case. An effective way to cut losses and make more profits with less risks.
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Thank you for sharing!
Could you please clarify what you analyse by the trading jornal?
Well, the number of rows depends on each trader necessities and preferences. To my mind, the most important indicators are obviously date and time of the trade, the coin of course * at this point I often save the screenshot *, type of the trade (pattern or any other reason), amount sold or bought, risk rate, the result, P/L.
Along with this conduct the continuous statistics on the percentage of wins and losses. Distinguish the patterns or strategies you are the best at.
You can use either excel, or any specialized services.
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