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Topic: I'm A Professional Trader, Here's My Strategy - page 9. (Read 21975 times)

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Too great, I am a new trader, feel very lucky to read this article. It will help me reduce the risk of losing money when I start trading. It would be great to have many posts sharing experience like this. I love the third and fifth tips
brand new
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Great job. I would also like to read your story as you came to the forex market, how many years of experience, was it difficult at the very beginning and what results did you achieve

Sure thing, Cryptopower. I'll try to get an article or post about it out in the near future. It was definitely difficult though, I can tell you that right now.


Hello Maxpips.
What can you say about current situation? Was $4000 final bottom for BTC or we can drop lower?
I am completely uncertain: to stay out of the market now, to open a short position or a long one? Opinions are different everywhere, no one can say anything with confidence. Almost panic )

Honestly? I'm not sure. I think there's a good chance it could be the bottom but for how long, I don't know. For now, my advice is stay out the market and wait for things to calm down a bit. The past couple of weeks have been so crazy that it caused a lot of uncertainty, both with traders (including me) and investors, hence the reason for the big dumps we've seen. I think it's best to just watch from the sidelines for a while, see what the price does over the next week or so.

Looks like a possible trendreversal? Lets see what happens next.

It could be Obi, but I'd wait for more confirmation first. We might see a reversal back up the sell area created by the recent drop and then another large drop lower before a big trend reversal begins.



Any books you recommend or feel are a 'must read' for people who want to be serious about trading?

Already read Trading in the Zone, amazing book about the trader mindset.

There's a few but they're not really books on strategies or stuff like that, they're more about understanding certain concepts and truths about the market. Like one of them "Time Compression Trading" talks about how the Forex market is a zero sum game (the Crypto market is too) and the implications that has for you as a trader.

Another one would be "Beat The Forex Dealer". This is also about Forex but the stuff contained in it applies to Crypto aswell.

I can email them to you if you're interested?

They cost quite a lot to buy from what I remember, I think "Time Compression Trading" is like $50 on Amazon, so you'll save quite a bit if I send them over.

Let me know anyhow.


Any good trategy that i also know always failed because of the price of bitcoin that drops it price other altcoins also affected so i hate the way that bitcoin price going down.

An article on the buy area/sell area strategy I use will be out within the next week. This strategy works well when the price is moving sideways - as it was before the big drop - and when it's not trending, so take a look at that if you haven't much luck with your current strategy.

A new post on how to use Fibonacci retracements is now on the site.

Check it out if you're interested.

https://www.cryptotradingschoolonline.com/fibonacci-retracements-easy-to-convert-add-to-paid/

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Any good trategy that i also know always failed because of the price of bitcoin that drops it price other altcoins also affected so i hate the way that bitcoin price going down.
legendary
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Any books you recommend or feel are a 'must read' for people who want to be serious about trading?

Already read Trading in the Zone, amazing book about the trader mindset.
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Looks like a possible trendreversal? Lets see what happens next.
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appreciates so much my friend
gr8 work

always here 4 u 


namaste

sr. member
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Hello Maxpips.
What can you say about current situation? Was $4000 final bottom for BTC or we can drop lower?
I am completely uncertain: to stay out of the market now, to open a short position or a long one? Opinions are different everywhere, no one can say anything with confidence. Almost panic )
full member
Activity: 504
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Emotions will always be present in trading. No method or book exists that enables you to trade without any emotion.  The quicker people realize this the sooner they can stop making losses and start to understand markets and earn profits


Yes, emotions will also affect traders, even the most professional ones. Meanwhile, we need to do everything to be realists - it will help us avoiding really many serious mistakes.
newbie
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This is great! Thanks
newbie
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Amazing, I am very interested in your article. after reading the tips for trading I feel that a trade is not difficult, only we need to be more careful and think about it in more detail, I agree if you are a professional trader.
I like tips number three, "don't trade with money you can't afford to lose", because most people feel great before starting, so they dare to spend a lot of money to trade without having a good strategy, causing them to suffer losses and ultimately hate trading.
This strategy is often overlooked by new investors because they want to risk their investment but when they make a mistake they just want to return to the starting point. I personally follow the advice of the top trader because they are the ones who go before and always give me good advice before trading.
I think this is an exam of a trader that how he would be dealing his trade. Sometimes they have questions and they ask on some forum about their query, they contacted with some expert traders. Some gives them advices resonating with their own mindset and few advices don’t hit directly. So, people start getting confused. They must make difficult decisions at that time.
Experts believe trading isn’t easy. And I believe nothing is easy here in this world. Nether your birth nor your death, everything is an exam. So just be yourself and believe in your God.
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ASO Service
Great job. I would also like to read your story as you came to the forex market, how many years of experience, was it difficult at the very beginning and what results did you achieve
member
Activity: 205
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Hey guys,

Sorry I haven't posted anything in the last few days.... I've had the flu since Wednesday, so haven't been feeling too good.

I hope nobody lost too much during the crash. I lost a little on Bitcoin, not during the HUGE drop (luckily enough) but after, trying to figure out where the price would stop falling to catch a reversal back up.

Anyway, I just wanted to let you guys know that I've decided to take a small break for a couple of weeks. As you can imagine, trading, posting updates, and writing articles all the same time is pretty challenging. I've wanted to get some important articles out for a few weeks now but I haven't had the time to do them since I've been trading and posting daily updates on here. So I've decided to stop trading and doing the updates for a couple of weeks to get these articles finished.

Once I've got them done I'll be back to doing the updates, though maybe not as frequently as I have been for a the last few weeks. I'll give you my analysis of Bitcoin and Etherium later on anyhow, just so you have idea of what to watch for.

Here's my answers to your posts...

Your site is good and can be a reference to mine trading science because I also continue to learn to improve skills in trading, because I also often experience mistakes so I experience losses. I hope we are all successful in the trade
because in good trade and always success it must have great patience and never panic when market conditions decline, because a true trader must know how to deal with difficult situations
Exactly all these successful stories are filled out with losses and mistakes. They are not winners of all the time rather every one of them have been to such drastic losses and problems. But what makes them successful now, the will to do something and determination that made them courageous and now they are earning so huge from bitcoin and trading.

Very true. Lots of people think that pro traders win every trade and make money all the time, which just isn't the case (well, apart from the whales - they probably do win most of the time). I have losses just like everyone else. The important thing is that I understand WHY I lose so I can fix the underlying mistake that caused it. Most people don't know why they lose 1. because they're not using a proper trading strategy that has defined rules, and 2. because they either don't know what emotional/psychology related mistakes they make or they know what these mistakes are but delude themselves into thinking they're not really mistakes - probably to pass blame and not deal with the fact they did something wrong.

To improve and make more money you MUST be know what caused you to lose.

If it was something to do with your strategy either figure out a way around it or, if it's causing you to lose very frequently, change to a different strategy completely. If you made a mistake because of your psychology/emotions, make a note of what the mistake was and then try not to make it again. Making a note of all the different times you've made the mistake, along with how much money it's caused you to lose or miss out on, helps you understand costly it really is, and over time you'll find yourself making it less and less.

Hello All,

In this thread I'm going to detail how I trade Cryptocurrency.

I've been trading Crypto for the past 6 months with pretty decent results.

The strategy I use is based on a culmination of different techniques and knowledge I picked up in my time trading the Forex market, which is what I traded before moving to Crypto at the beginning of the year.

There are two parts to the strategy.....

The first part is what I use when the a large rise/bull run is taking place - (you can learn how to use this on my site - see below)

And the second part is what I use when the market is slow or ranging/consolidating.

My strategy is simple to trade but requires some explaining, so I'll be posting pics and doing analysis of different trades to help you understand why I took a trade and what you can do to begin doing the same.

Lets get to it.

P.S I've also started a website that has free information on Cryptocurrency trading.

https://www.cryptotradingschoolonline.com/

It's a new site, so there's only a few articles and things on there at the moment, but I'll be adding more articles to it in the near future, including ones that go into more detail on the techniques you'll see me use in this thread, so keep an eye open for them.

Also, if you have any questions you can ask me on the thread or email me at [email protected]
Thanks Maxpips, this is really going to help a lot of people, myself included because I’m not all that perfect in trading and I haven’t taken out time to learn.

Just checked out your website and it’s quite good. I will also like to add that I once traded forex but quit due to it wasn’t much of what’ I expected it to be, but I didn’t made some profit from but it was difficult. After a few years of quitting forex trading, a friend introduced me cryptocurrency trading.

Thanks Osman. It's not where I want it to be just yet but it's getting there.....slowly. Yes, forex trading is very, very tough. I had big losses when I first started. It took a long time for me to figure out how to make money and even when I did I still wasn't confident. Crypto is definitely easier in my opinion, at least with the strategies I use.


Hello there maxpips. I really look for your thread to see what's your say about this dump but I guess you're still out and busy.
So yeah I'll just wait for your new post, tbh I'm looking forward to read more about it as I somehow depend on your charting. I know it may sound funny but you got me there. Grin

Oh, really. Damn, I feel some responsibility now aha.

Like I said, I'm taking a break for a couple of weeks to get some articles done and then I should be back.

There will be an article that shows you how to trade the buy area/sell area strategy out this week (or weekend). That might help you do your analysis until I get back. If something big happens I'll try to get some analysis up to help you, I can't make any promises though.
sr. member
Activity: 980
Merit: 294
Hello there maxpips. I really look for your thread to see what's your say about this dump but I guess you're still out and busy.
So yeah I'll just wait for your new post, tbh I'm looking forward to read more about it as I somehow depend on your charting. I know it may sound funny but you got me there. Grin
newbie
Activity: 21
Merit: 0
Indeed and of a truth your article has being helpful. thanks a lot
hero member
Activity: 952
Merit: 503
Hello All,

In this thread I'm going to detail how I trade Cryptocurrency.

I've been trading Crypto for the past 6 months with pretty decent results.

The strategy I use is based on a culmination of different techniques and knowledge I picked up in my time trading the Forex market, which is what I traded before moving to Crypto at the beginning of the year. 

There are two parts to the strategy.....

The first part is what I use when the a large rise/bull run is taking place - (you can learn how to use this on my site - see below)

And the second part is what I use when the market is slow or ranging/consolidating.

My strategy is simple to trade but requires some explaining, so I'll be posting pics and doing analysis of different trades to help you understand why I took a trade and what you can do to begin doing the same.

Lets get to it.

P.S I've also started a website that has free information on Cryptocurrency trading.

https://www.cryptotradingschoolonline.com/

It's a new site, so there's only a few articles and things on there at the moment, but I'll be adding more articles to it in the near future, including ones that go into more detail on the techniques you'll see me use in this thread, so keep an eye open for them.

Also, if you have any questions you can ask me on the thread or email me at [email protected]
Thanks Maxpips, this is really going to help a lot of people, myself included because I’m not all that perfect in trading and I haven’t taken out time to learn.

Just checked out your website and it’s quite good. I will also like to add that I once traded forex but quit due to it wasn’t much of what’ I expected it to be, but I didn’t made some profit from but it was difficult. After a few years of quitting forex trading, a friend introduced me cryptocurrency trading.
full member
Activity: 566
Merit: 102
Your site is good and can be a reference to mine trading science because I also continue to learn to improve skills in trading, because I also often experience mistakes so I experience losses. I hope we are all successful in the trade
because in good trade and always success it must have great patience and never panic when market conditions decline, because a true trader must know how to deal with difficult situations
Exactly all these successful stories are filled out with losses and mistakes. They are not winners of all the time rather every one of them have been to such drastic losses and problems. But what makes them successful now, the will to do something and determination that made them courageous and now they are earning so huge from bitcoin and trading.
full member
Activity: 438
Merit: 104
Amazing, I am very interested in your article. after reading the tips for trading I feel that a trade is not difficult, only we need to be more careful and think about it in more detail, I agree if you are a professional trader.
I like tips number three, "don't trade with money you can't afford to lose", because most people feel great before starting, so they dare to spend a lot of money to trade without having a good strategy, causing them to suffer losses and ultimately hate trading.
This strategy is often overlooked by new investors because they want to risk their investment but when they make a mistake they just want to return to the starting point. I personally follow the advice of the top trader because they are the ones who go before and always give me good advice before trading.
I think this is an exam of a trader that how he would be dealing his trade. Sometimes they have questions and they ask on some forum about their query, they contacted with some expert traders. Some gives them advices resonating with their own mindset and few advices don’t hit directly. So, people start getting confused. They must make difficult decisions at that time.
copper member
Activity: 322
Merit: 15
Nice topic!

I do have the problem you descrobed in your article. Sometimes when im in profit i move up my sl to lock in profits, bit the hard thing is to what poi t do i have to put the sl?

Thanks, Obiwankenodium, glad you like it. To lock in profits it's best to move the stop up to the most recent swing low that's formed. If you go to page 4 of the thread there's a mini article I posted that explains how to find swing lows using an indicator on tradingview. Just follow the instruction of the article and then whenever a new swing low forms move your stop up to it, that'll let you secure profits in a safe way without having your stop loss get hit.
Thanks a lot, will look into the article as soon as i'm on my laptop again.
newbie
Activity: 42
Merit: 0
Professional traders look for heavily oversold crypto’s like Canya coin CAN for massive bounce trade.  Cash flow positive business with working apps. https://www.coinspot.com.au/buy/can
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