25 SepTotal return: 160%
Coins: NEOS, BIG
NEOSSometimes the Crypto markets can be easy to read. It’s just a case of tuning in, authentically, to what you can see and using that to strengthen your conviction to seeing each trade through to the end.
Now, NEOS has had good volume for the entire week and although I haven’t been whole heartedly tuned into the happenings in this market – I’m now looking at NEOS as a rather decent bet.
This particular play came about because I had noticed accumulation.
I spotted that more NEOS was being bought than sold. So I put in a low ball offer and waited it out.
When my order triggered, I noticed that conditions hadn’t changed and more NEOS was still being bought rather than sold – so I picked up some more.
After putting on some conditional sells, I put in some price alerts to monitor upward and downward movement just to bring any changes in momentum to my attention. (Which is what you ought to be doing on every trade).
Got out at 24K with a good return.
Volume looks to be holding up... so there may still be some opportunity
Tip:
Don’t make the common mistake of watching your real profit, turn into a real loss due to false hope. If you find yourself in profit with no continuation of the current trend – sell immediately. The market rewards shrewdness and punishes greed. BIG BULLIONThis coin put up a rather stunning performance yesterday, and has been bouncing up and down today producing unfathomable gains each time.
I saw that BIG had some ‘good’ volume. More BIG was being bought than sold.
My whole approach was to wait for a dip – since that had been the pattern up to that point.
My attention was elsewhere so, of course, I had some conditionals setup at previous lows.... My price alerts began to sound off one after the other so I knew my positions were active.
By the time I came around to setting up my sell orders, the market was already up 100%.
Provided more volume comes in, you want to be attentive and waiting for a dip. When that happens, pick up some coin... and then enjoy the ride.
Tip:
When trading Crypto it is important to have a plan/strategy first. A plan forces discipline, which is an essential ingredient to successful trading. Second, a plan gives you a benchmark against which you can measure your performance. Also, make sure that you have an edge and that you employ good risk management protocol.. But don’t be mistaken, Risk management alone isn’t going to increase your edge at all. If your ‘strategy’ isn’t any good, you’re still going to lose out. But if you have an approach that makes money, then risk management WILL make the difference between success and failure.Note: BTC is a buy right now. Pay attention to the price and execute your buys at the low points. Oct - Dec will be very interesting.
Twtter: @Pumper_Ryan follow for daily picks, and updates.