I'm a full-time crypto trader. Here're my recent trades & answers to questions - page 22.

Mark_R

member

Activity: 434

Merit: 34

Quote from: Crypto4ka on June 20, 2019, 08:21:40 AM

Quote from: Mark_R on June 20, 2019, 03:23:40 AM

Some trend techniques explained of today's BTC trade.

Great thank you! Probably you have some techniques considering trend trading. Some ideas or so
Please share

Why you enter at a third touch?

Here are some general rules I apply during trend trading

1)   Take your time. Never try to make projections based on nothing. Wait the trend to start and jump in it. Never increase the position which would be opposite to the trend.
2)   Keep the balance between patience and speed. Wait for right moments and then act quickly.
3)   After you closed the position look for a new one. Do not forget to analyze.
4)   Pay attention to breakouts. Great moments to enter
5)   Look for the market carefully, using different timeframes. This way you see the whole picture
6)   It is better not to go “all in”. Use pyramid trading
7)   Having a trending market, try to catch the third touch of the trend. This way the movement would be confident

Mark_R

member

Activity: 434

Merit: 34

Quote from: spike420211 on June 21, 2019, 06:08:05 AM

Which trading book do you think is the best? And which book would you recommend reading to a newbie?
What resources or video lessons would you recommend?
I am interested in the most difficult question - where to start.

These are the books I consider a must for both newbies and even those who already have an experience. Actually you will find there everything you need. They are making up 3 core parts of trading (tech analysis, money and risk management, trader's mindset - this one should not be underestimeted, you will find there all the factors of possible losses)

TRADING BOOKS ADVICE

"Technical analysis" by Lohn J. Myrphy
"Money Management Principles for Mechanical Traders" by Ralph Vince
"The Disciplined Trader: Developing Winning Attitudes" by Mark Douglas
"Super Trader: Make Consistent Profits in Good and Bad Markets" by Van K. Tharp

You can also find something useful in trading on Twitter:
https://twitter.com/MarkRobTrades

Feel free to ask questions!

spike420211

sr. member

Activity: 1610

Merit: 372

Which trading book do you think is the best? And which book would you recommend reading to a newbie?
What resources or video lessons would you recommend?
I am interested in the most difficult question - where to start.

Mark_R

member

Activity: 434

Merit: 34

Quote from: pundit on June 21, 2019, 04:06:27 AM

Quote from: Mark_R on June 19, 2019, 02:36:15 PM

Quote from: pundit on June 19, 2019, 11:42:07 AM

Hi Mark,
Its nice to see your trades, your technical analysis is good, you are able to analyse the chart properly. I am also a technical trader but I have not applied seriously on crypto as I did not find good volume anywhere except Binance, even on Binance many altcoins move like pump and dump. I have few questions to ask from you, if you get time pls answer these questions.

1. Which crypto exchange are you trading in?
2. Which crypto pairs do mostly trade?
3. Is there any option to set SL and TP in crypto trading?
4. Is crypto exchange providing margin trading?

I forgot to mention I trade forex market.

Hello mate!
Thank you so much. Guess it would not be difficult to switch from forex to crypto, the principles stay almost the same.
As for your questions,

1. Mostly BitMex & Binance
2. XBTUSD (=BTCUSD, that's how it is called on BitMex) - both futures and perpetual. ETHUSD (BitMex mostly). For a couple of month pay attention to BNBUSDT (Binance). These are the 'favorite' ones. But basically, I monitor several alts. For instance, TRON may have interesting turns in June.
3. SL and TP - it depends. As usually, consider:
- Highs / lows, strong levels
- Volatility
- Volume
- Pattern size

P.S.
Profit/loss ratio is recommended to be higher than 2:1
Personally I keen on trailing stops for a long time already.
Tbh, crypto in terms of SL/TP does not differ so much from forex/traditional markets.

4. Yes. E.g.: BitMex - up to 100x. Many types of orders and just comfortable in use (personal judge). Bitfinex - up to 33x. Low commissions.

Hope that would be helpful somehow. Feel free to ask more. Cheers!

Thanks Mark for the detailed answers to all my queries, its really appreciable. I have tried crypto trade on Binance but never tried it on Bitmex. Thanks for sharing your experience about Bitmex, I will definitely give it a try.
I agree to your point that basic principles of trading all the financial markets are same. Patience is needed to wait for the right trade. Chart patterns are same in all markets, you need to learn it.
Plus points of trading crytocurrencies over forex is, good profit can be made in crypto market w/o taking over margin trades, Cyrpto market is open 24*7 whereas forex market is open 24*5, deposits and withdrawals in crypto are automatic and faster than forex market.
Thanks again for sharing your experience of crypto trading.

You are welcome!
Wish you good luck with all the trades strated and continued, would be gals to hear your opinion after some period of Bitmex trading.
And yeah, patience is a key. A couple of posts above I was writing about that exactly. Prioritizing to save funds first of all about patience. Daily profits are great, but long term profitability requires more complex things. Sometimes I feel that I'm ready to wait for years if I do not see a right moment.

pundit

full member

Activity: 868

Merit: 104

Quote from: Mark_R on June 19, 2019, 02:36:15 PM

Quote from: pundit on June 19, 2019, 11:42:07 AM

Hi Mark,
Its nice to see your trades, your technical analysis is good, you are able to analyse the chart properly. I am also a technical trader but I have not applied seriously on crypto as I did not find good volume anywhere except Binance, even on Binance many altcoins move like pump and dump. I have few questions to ask from you, if you get time pls answer these questions.

1. Which crypto exchange are you trading in?
2. Which crypto pairs do mostly trade?
3. Is there any option to set SL and TP in crypto trading?
4. Is crypto exchange providing margin trading?

I forgot to mention I trade forex market.

Hello mate!
Thank you so much. Guess it would not be difficult to switch from forex to crypto, the principles stay almost the same.
As for your questions,

1. Mostly BitMex & Binance
2. XBTUSD (=BTCUSD, that's how it is called on BitMex) - both futures and perpetual. ETHUSD (BitMex mostly). For a couple of month pay attention to BNBUSDT (Binance). These are the 'favorite' ones. But basically, I monitor several alts. For instance, TRON may have interesting turns in June.
3. SL and TP - it depends. As usually, consider:
- Highs / lows, strong levels
- Volatility
- Volume
- Pattern size

P.S.
Profit/loss ratio is recommended to be higher than 2:1
Personally I keen on trailing stops for a long time already.
Tbh, crypto in terms of SL/TP does not differ so much from forex/traditional markets.

4. Yes. E.g.: BitMex - up to 100x. Many types of orders and just comfortable in use (personal judge). Bitfinex - up to 33x. Low commissions.

Hope that would be helpful somehow. Feel free to ask more. Cheers!

Thanks Mark for the detailed answers to all my queries, its really appreciable. I have tried crypto trade on Binance but never tried it on Bitmex. Thanks for sharing your experience about Bitmex, I will definitely give it a try.
I agree to your point that basic principles of trading all the financial markets are same. Patience is needed to wait for the right trade. Chart patterns are same in all markets, you need to learn it.
Plus points of trading crytocurrencies over forex is, good profit can be made in crypto market w/o taking over margin trades, Cyrpto market is open 24*7 whereas forex market is open 24*5, deposits and withdrawals in crypto are automatic and faster than forex market.
Thanks again for sharing your experience of crypto trading.

Mark_R

member

Activity: 434

Merit: 34

Quote from: el kaka22 on June 20, 2019, 03:26:43 AM

I have a more regular question than others and it is not about trading at all, I mean it is about trading life style type of deal but not trading exactly. I am a person who earns bitcoins by working and I have earned enough to live so far and I am happy with it, you earn bitcoins in different ways but you do not work for somewhere and your full time job is trading so they are very close to each other in some aspects.

My question is, even though this has been the best work I have ever worked I still have nightmares about the potential doom if something goes bad since all my life is attached to this, what do you think you could do if something goes wrong, do you fear every single day that if something goes bad then your whole life will turn upside down? I mean how do you cope with that if you have those fears?

Hello!

It looks like you are reading my thoughts. I even wanted to start another thread considering traders lifestyle, as during these years I feel like my mindset was transformed a lot and specifically this help me to cope with stress and keep in control of the emotions (including that fear you are talking about). From my experience, to do such a job (rather consider it to be a business), some rules and principles are a must. This is really valuable as it brings lots of consistency and stability.

1) I plan in advance
2) Always comply with rules of RM
3) Wait for the best trades and favorable conditions
4) Reinvest earned money

These simple rules keep me hedged all the time and help me to overcome fears. As this way the trading is much more systemic

Mark_R

member

Activity: 434

Merit: 34

BTC again gives opportunities. Upwargs range. Closed at the support breakout.

Mark_R

member

Activity: 434

Merit: 34

Quote from: Crypto4ka on June 20, 2019, 08:21:40 AM

Quote from: Mark_R on June 20, 2019, 03:23:40 AM

Some trend techniques explained of today's BTC trade.

Great thank you! Probably you have some techniques considering trend trading. Some ideas or so
Please share

Why you enter at a third touch?

Yes. Will make a post on that.

Third touch means a king of confidence in the ongoing trend. Btw, this is one of the important setups in trend trading

Mark_R

member

Activity: 434

Merit: 34

Quote from: Samwise_Coingee on June 11, 2019, 08:53:06 AM

Quote from: Mark_R on June 11, 2019, 08:30:26 AM

Often do margin trading XBTUSD.

BTC currently is in range, took 20x leverage. Btw, acting with leverage I consider 20x to be maximum.

The fact to acknowledge:
The bigger leverage does not always mean bigger profits.

P.S. The amount of capital (including leverage) which should be invested in each trade to bring maximum profits was studied by Ralph Vince theory (Optimal F theory). Recommended to get known with!

Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades

Hey seems interesting. Is it a particular book or thread?

Yes, he has several books, this theory can be found in Money Management Principles for Mechanical Traders by Ralph Vince

Also I suggest to get known with "Technical analysis by Lohn J. Myrphy
And one more is The Disciplined Trader: Developing Winning Attitudes by Mark Douglas

These books contributed a lot to my development

Crypto4ka

newbie

Activity: 22

Merit: 0

Quote from: Mark_R on June 20, 2019, 03:23:40 AM

Some trend techniques explained of today's BTC trade.

https://i.postimg.cc/MT7c7stW/XBT2019-06-20-11-14-01.jpg

Great thank you! Probably you have some techniques considering trend trading. Some ideas or so
Please share

Why you enter at a third touch?

el kaka22

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

I have a more regular question than others and it is not about trading at all, I mean it is about trading life style type of deal but not trading exactly. I am a person who earns bitcoins by working and I have earned enough to live so far and I am happy with it, you earn bitcoins in different ways but you do not work for somewhere and your full time job is trading so they are very close to each other in some aspects.

My question is, even though this has been the best work I have ever worked I still have nightmares about the potential doom if something goes bad since all my life is attached to this, what do you think you could do if something goes wrong, do you fear every single day that if something goes bad then your whole life will turn upside down? I mean how do you cope with that if you have those fears?

Mark_R

member

Activity: 434

Merit: 34

Some trend techniques explained of today's BTC trade.

4IRIK

jr. member

Activity: 62

Merit: 3

Quote from: Mark_R on June 19, 2019, 02:36:15 PM

Quote from: pundit on June 19, 2019, 11:42:07 AM

Hi Mark,
Its nice to see your trades, your technical analysis is good, you are able to analyse the chart properly. I am also a technical trader but I have not applied seriously on crypto as I did not find good volume anywhere except Binance, even on Binance many altcoins move like pump and dump. I have few questions to ask from you, if you get time pls answer these questions.

1. Which crypto exchange are you trading in?
2. Which crypto pairs do mostly trade?
3. Is there any option to set SL and TP in crypto trading?
4. Is crypto exchange providing margin trading?

I forgot to mention I trade forex market.

Hello mate!
Thank you so much. Guess it would not be difficult to switch from forex to crypto, the principles stay almost the same.
As for your questions,

1. Mostly BitMex & Binance
2. XBTUSD (=BTCUSD, that's how it is called on BitMex) - both futures and perpetual. ETHUSD (BitMex mostly). For a couple of month pay attention to BNBUSDT (Binance). These are the 'favorite' ones. But basically, I monitor several alts. For instance, TRON may have interesting turns in June.
3. SL and TP - it depends. As usually, consider:
- Highs / lows, strong levels
- Volatility
- Volume
- Pattern size

P.S.
Profit/loss ratio is recommended to be higher than 2:1
Personally I keen on trailing stops for a long time already.
Tbh, crypto in terms of SL/TP does not differ so much from forex/traditional markets.

4. Yes. E.g.: BitMex - up to 100x. Many types of orders and just comfortable in use (personal judge). Bitfinex - up to 33x. Low commissions.

Hope that would be helpful somehow. Feel free to ask more. Cheers!

Never tried Bitmex
Thx for the idea

Mark_R

member

Activity: 434

Merit: 34

Quote from: pundit on June 19, 2019, 11:42:07 AM

Hi Mark,
Its nice to see your trades, your technical analysis is good, you are able to analyse the chart properly. I am also a technical trader but I have not applied seriously on crypto as I did not find good volume anywhere except Binance, even on Binance many altcoins move like pump and dump. I have few questions to ask from you, if you get time pls answer these questions.

1. Which crypto exchange are you trading in?
2. Which crypto pairs do mostly trade?
3. Is there any option to set SL and TP in crypto trading?
4. Is crypto exchange providing margin trading?

I forgot to mention I trade forex market.

Hello mate!
Thank you so much. Guess it would not be difficult to switch from forex to crypto, the principles stay almost the same.
As for your questions,

1. Mostly BitMex & Binance
2. XBTUSD (=BTCUSD, that's how it is called on BitMex) - both futures and perpetual. ETHUSD (BitMex mostly). For a couple of month pay attention to BNBUSDT (Binance). These are the 'favorite' ones. But basically, I monitor several alts. For instance, TRON may have interesting turns in June.
3. SL and TP - it depends. As usually, consider:
- Highs / lows, strong levels
- Volatility
- Volume
- Pattern size

P.S.
Profit/loss ratio is recommended to be higher than 2:1
Personally I keen on trailing stops for a long time already.
Tbh, crypto in terms of SL/TP does not differ so much from forex/traditional markets.

4. Yes. E.g.: BitMex - up to 100x. Many types of orders and just comfortable in use (personal judge). Bitfinex - up to 33x. Low commissions.

Hope that would be helpful somehow. Feel free to ask more. Cheers!

pundit

full member

Activity: 868

Merit: 104

Hi Mark,
Its nice to see your trades, your technical analysis is good, you are able to analyse the chart properly. I am also a technical trader but I have not applied seriously on crypto as I did not find good volume anywhere except Binance, even on Binance many altcoins move like pump and dump. I have few questions to ask from you, if you get time pls answer these questions.

1. Which crypto exchange are you trading in?
2. Which crypto pairs do mostly trade?
3. Is there any option to set SL and TP in crypto trading?
4. Is crypto exchange providing margin trading?

I forgot to mention I trade forex market.

Mark_R

member

Activity: 434

Merit: 34

Quote from: zonom on June 19, 2019, 08:07:18 AM

Thank you Mark for the charts.

Probably you explain stop losses? In theory, everything is clear. But it depends so much on several factors. What do you consider while setting?
You wrote that we can ask questions, soooo Cheesy

Sure. Will point out some setups for intraday.

STOP-LOSS

1)   ALWAYS set stop losses (obviously, but still)
2)   The base for your stop is not a book, but the current pattern, market state & your strategy:
-   Look at highs / lows, strong levels
-   Consider volatility
-   And volume
-   Pattern size
3)   Do not link stops to beautiful numbers (8000, 9000 etc). Just calculate it
4)   Calculate possible risk you can afford in advance (this is about the position sizing also, as well as the next point)
5)   Calculate risk-reward ratio in advance

Sometimes I move stop losses to breakeven, but this is a searate issue and should be treated with extremely high attention

Mark_R

member

Activity: 434

Merit: 34

Again chilling on the waves on BNB

zonom

full member

Activity: 156

Merit: 100

Thank you Mark for the charts.

Probably you explain stop losses? In theory, everything is clear. But it depends so much on several factors. What do you consider while setting?
You wrote that we can ask questions, soooo Cheesy

FanEagle

legendary

Activity: 2884

Merit: 1117

Quote from: MidnightWolf on June 15, 2019, 01:42:51 PM

Quote from: Ultimist on June 14, 2019, 02:43:28 PM

That's interesting. I often watch these signals and the opinion of other experienced traders about a particular coin. I'd like to follow on you, too. You really good, what were able to make crypto trading your only source of income. I also dream to achieve this.

I did not have other opportunities and therefore I also chose to work in the cryptocurrency market as the main source of my income. If we consider 2016 and 2017, then everything worked out quite well for me. But today I am practically at the bottom and I don’t know when all my assets will be able to bring me real profit.

There are other people like you that have cryptocurrency as their major source of income for now till further notice, and are not discouraged by the events of 2018 that has kept most of their crypto investment and bounty campaign money at the deepest value they have never seen before, but one single thing I know is that Bull run is coming and some of these coins that you said has bottomed will surely rise and may even rise above your investment in 100x.

It is a chance of 50:50 though, because we have also participated in projects that are already dead and gone while we are still keeping them.

Mark_R

member

Activity: 434

Merit: 34

ETH's short. Closed at the second touch of green line (sign of changing trend)

Topic: I'm a full-time crypto trader. Here're my recent trades & answers to questions - page 22. (Read 5487 times)