Post
Topic
Board Trading Discussion
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
by
Mark_R
on 28/07/2019, 09:23:33 UTC
Opened long at $ETH on the 3rd tough of the trend line.
When the price hits it and rebounds 3 times, the trend is considered to be strong enough to be used for trades base. Still have the position opened.



Cool!
Mate,  how do you play on these breakouts?
Any particular rules?

This may be helpful in terms of breakouts trading:

Intraday techniques. Market movements 

The best movements often after breakouts (as you saw in many of my trades). Breakout acts like a confirmation and a signal. You can enter aggressively (on the confirmation candle after the breakout) and conservatively (trade retest*). It is also a good place to set your stop loss at or near.

*Retest is the pattern when the price breaks the resistance out and then returns to it and rebounds, making it become the support (the same is with the support line, which becomes the resistance)



Thank you for the info shared!
I see at the latest your trade you shorted and then the second breakout happened. You are making the market Cheesy Cheesy
I know all the information which is shared has good value for us but to be honest mate I think if you have knowledge about reading and you have skills to win then leaving a job does not matter it can give you allot of earning but if you can afford better carry both and trade for long term never give up just spend time in trading.

Definitely, you will earn if you have enough knowledge. Leaving job depends... Sometimes, when you are confident in it, you get extra freedom and more money without dozens of employees who you are getting annoyed of. On the flip side, suppose that even trading full time you need to have an emergency exit (in case of black stripe I know where to return)
Cheers!