[Trading Method] Simple strategy that I use for trading crypto

[NoirHat]

trade with the trend on pullbacks...with at least 3:1 Risk/reward ratio

winner winner chicken dinner!

 

[honestIM]

trade with the trend on pullbacks...with at least 3:1 Risk/reward ratio

winner winner chicken dinner!

Yes that is one of the way but I am more conservative when it comes to crypto. Placing a 30% trailing stop loss so that I can at least cover a portion of my profits in case things turn south.

 

[zionbar]

Just wondering, whats your average trade size?

 

[honestIM]

Just wondering, whats your average trade size?

I suppose you are talking about Crypto. Usually $20k or more. This is why I cannot take up position with some of @PinguSpy recommendation due to liquidity concern. I started off with a few grands and grow from there. And also why I am happy with 30% ROI on crypto as the size of my trade gives me good income.

 

[zionbar]

I suppose you are talking about Crypto. Usually $20k or more. This is why I cannot take up position with some of @PinguSpy recommendation due to liquidity concern. I started off with a few grands and grow from there. And also why I am happy with 30% ROI on crypto as the size of my trade gives me good income.

Yup, day trading only makes sense with big size bets... good luck and IMO stay away from small coins ive seen so many weird gaps in the charts that u cant ever predict.

 

[honestIM]

crypto is too volatile, how can you be into that stuff, and weren't you struggling on twitter and Instagram not too long ago? now you are an expert on crypto? lol

Note I AM NOT A CRYPTO EXPERT! I AM A TRADER
@PinguSpy is the crypto expert. There is a big differences between crypto analyst and a trader. I trade on anything that makes money regardless of fundamentals as long as the risk/reward ratio justify.

Trader thrives on volatility through risk management and be compensated through the risk taken. I have been a trader for more than 10 years as well as IM. Used the CPA money to fund my trading in the early days and suffering lots of losses before turning profitable.

Twitter is a mess at the moment, still trying to fix.
IG, I don't think I have an issue with it since I am not using bot. My wholesale business is doing very well there. (Not dropshipping).

In case you start questioning my credential as a professional CPA marketer. Refer to my earning chart for yesterday below. If twitter is not giving me problem I should be making around $100-$300 daily (I used to be making much more than this range but those days of CPA earnings are gone and never returning). Earning is down currently. You can zoom into the image to see if any image manipulation is done.

 

[zionbar]

Note I AM NOT A CRYPTO EXPERT! I AM A TRADER
@PinguSpy is the crypto expert. There is a big differences between crypto analyst and a trader. I trade on anything that makes money regardless of fundamentals as long as the risk/reward ratio justify.

Trader thrives on volatility through risk management and be compensated through the risk taken. I have been a trader for more than 10 years as well as IM. Used the CPA money to fund my trading in the early days and suffering lots of losses before turning profitable.

Twitter is a mess at the moment, still trying to fix.
IG, I don't think I have an issue with it since I am not using bot. My wholesale business is doing very well there. (Not dropshipping).

In case you start questioning my credential as a professional CPA marketer. Refer to my earning chart for yesterday below. If twitter is not giving me problem I should be making around $100-$300 daily (I used to be making much more than this range but those days of CPA earnings are gone and never returning). Earning is down currently. You can zoom into the image to see if any image manipulation is done.

View attachment 99017

You think you're a big shot huh? wait let me get my maxbounty screen shot up! hope you're ready for this...

BOOM!!! LOL.

bottom line is - I'd appreciate some CPA tips when u get the time, either via pm or via the make money forum section... u seem to know what ur doing

 

[honestIM]

You think you're a big shot huh? wait let me get my maxbounty screen shot up! hope you're ready for this...

BOOM!!! LOL.

bottom line is - I'd appreciate some CPA tips when u get the time, either via pm or via the make money forum section... u seem to know what ur doing

Watch out for my upcoming thread on Facebook live streaming to promote CPA offers or ecommerce products. I am still testing that method before releasing.

 

[slager889]

I

Last week I dumped a coin for a loos, so I could move it to a hot coin. With the hot coin, I made up the loss in about 20 minutes, and ended up taking a solid profit when I cashed near the peak. Then I took a look at original coin I was hesitant to jump out and it had slid down even more. So I rebuy at lower price and made a bit more money when I cashed out on that one later that day.

Point being, sometimes it's better to take a loss on one coin, if a great opportunity exists elsewhere.

It took me a while to figure this out but it's so true. Never be afraid to cut your losses. Look at the charts and order book. If it indicates the price will continue dropping, bail out and move on to something else.

 

[honestIM]

I

It took me a while to figure this out but it's so true. Never be afraid to cut your losses. Look at the charts and order book. If it indicates the price will continue dropping, bail out and move on to something else.

It is human nature not to accept losses. For trader it is important to accept losses when it occurs. If you are investing, you only cut loss when the fundamental that attracted you to invest has cease to exist.

 

[honestIM]

Thank you for the tips

Please don't take it blindly. Remember the technique shared is only meant for trading and not just for crypto. If you are investing into crypto, please read threads from @PinguSpy
Also note there is no holy grail method for trading. Stick with one that suit you and control with stoploss or trailing stoploss.

 

[honestIM]

To scan and shortlist potential candidates to shortlist, I usually spend about 30min a day to go through all the daily coin prices. I can read the price chart fast since I am already accustom to reading it. Just go to coinbase top 100 and scan through, you will have more than enough opportunities to trade. If you know programming, you can code a custom bot to pull data from coinbase and auto alert you when certain criteria for trading are met.

At the moment, below are some of the coins that I am either trading or awaiting for opportunity.

• TenX
• LSK
• OMG
• ETH
• XRP (My current holding for the next 30 days)
• LTC
• POWR
• MCO (Good price to enter at $6 or below.)
• CIVIC
• BTC
• NEO
• STRATIS (Bought at $5.60, selling today)
• ADA
• IOTA
• STELLAR
• TRON (Met Justin Sun in person at a trade show and seems like a very smart person with good connection to funders)
• ETH Classic
• Steem (Bought at $1 now waiting to sell)

The list above will change from time to time.

 

[balma]

What trading signal channels you follow?

 

[zerkamaz]

Trading $20k on a chinese exchange is like sleeping with a thai prostitute and waiting for burning pee !

Biggest problem with crypto today is lack of reliable exchanges! I wanted to buy 1 btc worth of a certain coin and the only exchange it was sold on was etherdelta which just got hacked. You can easily move the price of a small coin and self-pump it with $20k. A strategy i learned over the summer and made $50k from $5k.

Good article still

Interesting, How you do that? I mean what the coin should to self pump, what coin market cap you recommend, etc? can you explain to us.

 

[slager889]

Interesting, How you do that? I mean what the coin should to self pump, what coin market cap you recommend, etc? can you explain to us.

I

Trading $20k on a chinese exchange is like sleeping with a thai prostitute and waiting for burning pee !

Biggest problem with crypto today is lack of reliable exchanges! I wanted to buy 1 btc worth of a certain coin and the only exchange it was sold on was etherdelta which just got hacked. You can easily move the price of a small coin and self-pump it with $20k. A strategy i learned over the summer and made $50k from $5k.

Good article still

Elaborate please on the pumping method.

 

[hero76]

What trading signal channels you follow?

https://t.me/funcoins

I follow this one above. The tip they gave on zcl made me double my money in 24 hours!

 

[Bob Ross]

All these signals and TA crypto kids does not beat the market.

Follow coins with good fundementals and this will make you good results. I am not here to advertise specific sources or youtubers, but as soon people talk about TA and daytrding do not bother to follow them, they dont know what they are doing. TA does not work in the long run.

 

[honestIM]

All these signals and TA crypto kids does not beat the market.

Follow coins with good fundementals and this will make you good results. I am not here to advertise specific sources or youtubers, but as soon people talk about TA and daytrding do not bother to follow them, they dont know what they are doing. TA does not work in the long run.

I respect your opinion but I am a living case that technical analysis works.

In any case, I do not suggest using any trading signal as there is no holy grail to trading. Follow a simple trading setup such as MA and control your loss/ take profits and you are good to go.

 

[zionbar]

I respect your opinion but I am a living case that technical analysis works.

In any case, I do not suggest using any trading signal as there is no holy grail to trading. Follow a simple trading setup such as MA and control your loss/ take profits and you are good to go.

I love timing my entrance to a coin with tech analysis... you wait a few candles and get a way better deal

 

[honestIM]

To scan and shortlist potential candidates to shortlist, I usually spend about 30min a day to go through all the daily coin prices. I can read the price chart fast since I am already accustom to reading it. Just go to coinbase top 100 and scan through, you will have more than enough opportunities to trade. If you know programming, you can code a custom bot to pull data from coinbase and auto alert you when certain criteria for trading are met.

At the moment, below are some of the coins that I am either trading or awaiting for opportunity.

• TenX
• LSK
• OMG
• ETH
• XRP (My current holding for the next 30 days)
• LTC
• POWR
• MCO (Good price to enter at $6 or below.)
• CIVIC
• BTC
• NEO
• STRATIS (Bought at $5.60, selling today)
• ADA
• IOTA
• STELLAR
• TRON (Met Justin Sun in person at a trade show and seems like a very smart person with good connection to funders)
• ETH Classic
• Steem (Bought at $1 now waiting to sell)

The list above will change from time to time.

Sold Steem with more than 200% profit. Sold ADA with around 60% profits. Looking to sell Stellar once upward momentum is weak. Moving the profits to TRON (About $60k, removing my capital and converting back to fiat) , bought enough of ripple and need to diversify.