$14 challenge (Crypto Futures)

alonelywriter said:
There are various tools that tells you how much social interactions these coins are getting. You can use that too other than seeing 24 h report.
Good luck with your journey.
Click to expand...
Thanks such as? Would be much appreciated.
 
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daryn said:
You made a row of good trades recently, what is you strategy? Do yo follow any signals?
Last time I tried paid signals from a trader I found on TradingView. He gave a couple of good advice and decided to join his free telegram signal group and made a couple of good trades in a day. I decided to join the paid channel and guess what? 50% of trades are at a loss and this simply cant work in a long term. When he makes a good guess profit is 100% and the loos if almost 100%. So we need to have more than 50% success rate to see profit.. it is gambling.
Click to expand...
Yeah, I don't do signal groups. Most of them are scams. My strategy is on page 1.
 
daryn said:
You made a row of good trades recently, what is you strategy? Do yo follow any signals?
Last time I tried paid signals from a trader I found on TradingView. He gave a couple of good advice and decided to join his free telegram signal group and made a couple of good trades in a day. I decided to join the paid channel and guess what? 50% of trades are at a loss and this simply cant work in a long term. When he makes a good guess profit is 100% and the loos if almost 100%. So we need to have more than 50% success rate to see profit.. it is gambling.
Click to expand...
The issue with signals is that you should also do your own market analysis before trading because the provider might have a different expected outcome than what you might find.
And, usually they are very short on a time frame and that means it's harder to do your own analysis.
I follow signals myself but only after analyzing many trades from providers to ensure high success rate and I also look out for losses and how they recover from them.
For example, if a provider breaks their usual strategy and goes for riskier trades with higher margin and higher leverage to try and recover a loss, then it's a sign that they are an emotional trader and can't use them.

I use Ichimoku Cloud for scalping myself, I recommend learning how to use it with tradingview.
The main thing you should remember is to always use a very low % of your balance per trade (1-2, 5 only if your balance is low). You can do leverage trading but only after first mastering regular trades with 5-10x at most.
Personally, I had a single trade get close to 500% roi only the other day.
 
Yeah my 1000LUN play was a beautiful 640%



.cca59106-8d75-4b87-863a-990b92580b6f.jpg

I'm short again on 1000LUN...waiting for the drop
 
Trade 5 (Binance)
#1000LUN
Entry Price: 0.2768
Exit Price: 0.3008
Leverage: 10x
Profit: $-43
New Balance: 494

Retraced while sleeping. Thought I had SL at breakeven..oh well.

Think I can get a nice bounce to short it higher up for more shekel.
 
Trade 6 (Binance)
#BTC
Leverage: 10x
Profit: $-1.84
New Balance: 492.16

Trade 7 (Binance)
#LTC
Leverage: 7x
Profit: $7.28
New Balance: 499.44

Trade 8 (Binance)
#ATOM
Leverage: 10x
Profit: $2.45
New Balance: 502.89

Trade 9 (Binance)
#1000LUNC
Leverage: 10x
Profit: $-24.50
New Balance: 464.94
 
Trade 10 (Binance)
#ATOM
Leverage: 10x
Profit: $44
New Balance: 508.94
 
russellcool said:
Nice, any more tips and details about your strategy?
Click to expand...
As always, this isn't a "fool proof" 100% guarantee setup but if you're in the market often, you'll notice that these formations happen on all timeframes.

You can invert this little cheat sheet for bottoms as they're essentially two sides of the same coin.

Key things to note:
1. Clean trend
2. Price begins to fully retrace pushes up
3. Price struggles to maintain expansion highs (more sellers and sellers acting "faster")

Between 1. and 2., there's a key change in PA. Price had not been quickly retracing pumps and did not struggle to maintain highs. In fact, prices just.. went up and consolidated before going up more. Small changes in PA that often go unnoticed tend to be the market tipping its hand as to where price "wants" to go. I use "want" and not "will" because there's usually never a 100% chance that prices will do anything. You're simply taking any visual cues that you get to make as best of a decision as possible.

Market Structure is key here as we highlight both the LOWS that led to the expansion. Losing those lows typically does not bold well.
qog5Jq8U.png
 
Trade 11 (Binance)
#BTC
Leverage: 10x
Profit: $-1
New Balance: 507.94

Trade 12 (Binance)
#LTC
Leverage: 10x
Profit: -9
New Balance: 498.94

Trade 13 (Binance)
#CRV
Leverage: 10x
Profit: $3.50
New Balance: 502.40
 
Trade 14 (Binance)
#ALGO
Leverage: 7x
Profit: $6.55
New Balance: 508.95

FOMC today is causing market to be shaky. Closing at small profits instead of any loss.
 
Trade 14 (Binance)
#ALGO
Leverage: 10x
Profit: $-45
New Balance: 463

Trade 15 (Binance)
#ALGO
Leverage: 1-x
Profit: $2
New Balance: 465
 
Trade 15 (Binance)
#ALGO
Leverage: 10x
Profit: $62
New Balance: $527
 
Trade 15 (Binance)
#ATOM
Leverage: 10x
Profit: $-17
New Balance: $500

ATOM will be the death of me but I still see shorts...My SL was a bit tight.
 
Trade 16 (Binance)
#BTC
Leverage: 50x
Profit: $8
New Balance: $508
 
Trade 17 (Binance)
#CHZ
Leverage: 10x
Profit: $73
New Balance: $581
 
Trade 18 (Binance)
#XRP
Leverage: 60x
Profit: $67
New Balance: $648
 
Trade 19 (Binance)
#XRP
Leverage: 10x
Profit: $-6
New Balance: $642

This trade upsets me because I thought I put short but I put buy. At least I caught it before got out of hand. Looking to sell if I get confirmation after 4 hour candle closes
 
Trade 20 (Binance)
#XRP
Leverage: 60x
Profit: $-3.50
New Balance: $638.50
 
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