Topic: My Trading Tools (120% APY) - page 2. (Read 503 times)

It is theoretical and in the practical situation of this, not many people and even myself know how to adapt a strategy to both bull and bear market. The bull market is always booming and profitable, with little efforts you are already getting results. This cannot be said of the bear market. That is why it is always advisable to test your strategy and re-test it with the bear market.  But if actually you cannot handle the bear market trading, it is fine you avoid it totally. But in all I agree that what works for bull market may also work for bear market, but it all depends on who is behind the screen (Skill or unskilled).

I wish that was. Newbies still get duped into paying for "tools" and signals and easy money making strategies. I know for forex people used to do this, and the benefit was from commissions. If you get 1000 people to trade even 1 pip you get a lot of money for that, recurring mostly since people who lose in trading often pump in more.

I don't know if it works the same for BTC trading but I'm not surprised if that is the way. That's what I think of when I see posts from OP anyway.

On the contrary I feel what works for bull market can also work for bear market what it means is to upturn the strategy because for example using RSI to interpret, you have overbought and oversold, likewise for MA can be used for determining the range of market movement bought for bull or bear. Fibonacci and other indicators too can work both ways depending on how you are placing your fibo. It is reasonably so because market don't go move just one direction, it is either bull or bear and it is same indicator that are used to analyze the chart.

I think the OP did not provide enough information on this topic and I do doubt he is an active trader himself. The thing about trading is to find your own system, I am not an active trader but with time I have settled with Fibonacci retracement and extension levels, this works fine for me on a daily chart. It is also important to adapt ones trading strategy to the bull and bear market because what works in the bull market most of the time won't work in the bear market

Maybe I'm old-fashioned and trading isn't something I'm good at (day trading), but if I bought 1 BTC in 2015 for $250 and sold it for about $50 000 after 5+ years, how much money did I make each year? Some will say "where's the excitement in that?", but I wonder if some people are trading for profit or something else?

OP may be one of those 5% who are not greedy and has a plan to slowly achieve their goals, but tools themselves do not generate profit, I guess that is clear to everyone.

And anyone that was good enough to actually produce such great profits and had the elements to prove it will not bother to even brag about it, as the best thing for them to do is to remain low key and make themselves rich while the rest of the market participants are still trying to figure out how to make any money from the markets.

So any kind of offer we may see online about someone trying to teach their money making methods is most likely a scam in disguise.

In order to also trade consistently and profitably using these tools, it is not enough just to know about them. The most important thing is to use these tools correctly, and this will require knowledge and experience, which is exactly what beginners lack.

I mostly use CMC, CG, Trading View etc. To spectulating the market, currently, i am investing my time in learning the advance trading methods, and i hope so down the the road, i may have to deal with such tools or maybe some new tools which i would love to learn about. Your tools are the most simplest one and there are many tools providing the same services. So it all depends on the likelihood of someone about some tool. And also the factor of availability depends too.

I think that's an other thing. Like, once i read a post that a twitter influencer made a post in which he asked people to send him money, and in short period of time he collected million of dollars. And i was shocked like he asked and people sent. First i thought it is just money laundering, because some transactions were huge like 20 to 50 eth huge. But some are small from different Wallets to mix the transaction in each other. Just like a mixer which would made it difficult for authorities to investigate everyone.

But later, i came to know that, most people just sending small money in the hope of getting airdrop. So, basically they were airdrop hunters. This technique really left me shocked. So, this Elon Musk's statement you aforementioned is most likely be a scam and such statements on twitter had nothing to do with trading and it does not have direct or indirect impact on the market.

It's good to remember that it's with how you are going to use the tools in order to be effective. It's best to know why you are using the tools that you have presented and make the most out of it.

Have you reached that 120% with just that? Can you provide the trading history with this?

120% APY in trading? That is very possible. In fact, 120% APY is small to what some people earn. If you think it is not possible, just go to one of the crypto exchange derivative trading leaderboard, you will see the profit traders that have not closed there position are earning. But also a trader can lose while some may not earn up to that in a year.

But do not get me wrong, I do not know if OP is telling the truth or not.

Trust me, none of those things will contribute a single thing to newbie learning if that's really your point.

Instead, share your pure history of trading. The signals you used to trigger those trades, and to end them. And a synopsis of why.

No trader who ever claims any kind of crazy profit ever shows this, because none of them are telling the truth.

Prove me wrong.

Coinmarketcap, Coin360 and Twitter are the most common platforms which most probably every crypto user would be using.
The rest 3 are the ones I am hearing about for the first time. I shall give it a look though.
I mostly use Tradingview for my analysis and strategies as I have hold of it.
It's great that OP has been able to achieve 120% APY for past 4 years. It's not something every can do expecially when the market was not so well.

I agree with the twitter comments. There are just way way too many crypto scams and shills out there. You need to be very careful who you follow. I got a dozen or so people I follow and they are unbias and it’s mostly for up to the minute news reports.

If you trust every post on twitter you will most likely get scammed. Way too many phishing links and too many of those scams where “Elon musk will send you 2x of whatever ETH you send to me. People fall for it because it seems to work.

For a topic that is supposed to be useful to newbies the OP posted 6 different links to the tools they are using to trade and a bare bones explanation of what they do to reach their results, but at least when it comes to newbies this does not seem as if it is the right approach.

After all newbies should always look for the most simple strategy they can apply, and this means using the smallest number of tools possible while the purpose of each one of those tools is incredibly clear, and I do not think the OP fulfills any of those two conditions.

Not everyone finds tradingview reliable to use because they believed that there are more trading strategies they could set up to use and have more better results as they have always wanted, but i don't know how this could be as effective with yielding maximum result for its users upto having more than 120% return on APY output, maybe every procedures may not have to necessarily work together for us all at the same time.

I am using only one tool, and that's logic with market research. There is nothing that can achieve you profits but the proper trading channel like having market research on the coin that you are investing. The market research is only from trusted sources and not some shitty youtube channel where they are getting paid to do the promotion. In today's date any shit project would invest heavily in creating good-looking channels and promo videos so let us not fall for the trap.

The only valid source is, their continuous updates from the official website. The community that is involved with them and what questions they are asking and what answers they are getting from them.

This can add up a tremendous amount of knowledge in understanding what is the direction of the project really. So that's all. No tradinview, no checking on shill accounts and stuff.

You have mentioned some simple, yet effective tools. It does look like you're not a really a technical analysis based trader which is cool as long as you're making profits. Not everyone is going to be a technical analyst anyway. If you made those profits in the bear market, I have no doubt that you'll do well in a full blown bull run.

---

For beginners, these tools might suffice. Heck, even intermediate players can utilize it to seek out good coins to trade. But what I have seennthat has worked for the best players out there is good psychology and some technical analysis skills.

Haha Quite interesting, You've provided some basic details haha, anyway comments are pretty decent on each link, I think newbies also need more than this so, you need something detailed because although your comments are good but not enough to explain the proper use case. I am not saying that my recommendation will be perfect still I think if you are interested in trading basics you should have look on series. (You know self-promotion haha).

New to Trading - Tips and Suggestions (V1) Getting Started Full Guide

You do not have to depend on tradingview. I have never even used it before. Traders have different approaches. But I see no valid contents from OP than what he posted that he is using, but trading is beyond that.

As for those on Twitter, I see them as nothing but shilling too.

I don't use TradingView either, though I'm not a daytrader so there's that.


Yea — 95% of crypto Twitter are paid shills and pump and dumpers. You just need to find the needle in the haystack.