01 Sep - 02 Sep
Total return: 227%
Coins: KEY, HAL, ETHAN
KEY
This was a simple play.. similar to my VOOT trade. I was interested in KEY because of the announcement they had made regarding the completion of their OS. However, the way I executed this trade was different from my VOOT play.
As soon as I caught wind that their OS had been built, I went to the Key market to gauge the market response... I saw a nice organic stream of volume building up.. So I started monitoring KEY for 20 minutes straight and I saw that the volume was increasing every 5 minutes which is a typical indicator of an impending breakout. So I didnt waste any time trying to lowball the market... I bought through some sell walls and as expected buyers started to become more aggressive, stacking their orders above each other... smart money flooded in and began to literally walk through sell walls.. 10 minutes later, Im in profit and there are a bunch of stacked buy orders preventing the price falling anywhere close to where I bought in... I set up a conditional sell based on the price action, and ended up being bought out of the market with a tidy 141% gain.
HAL
Ive been in and out of HAL for nearly a week now and Im sure theres dozens of other traders whove been doing the same because that market has become very predicable... I have some Price Alerts set up on Cryptrader for HAL so I was alerted when people started to dump.. I knew, just based on the volume and price action, that if I bought in at around 18K and prices corrected back to pre-dump levels Id bag an easy 30%... I actually ended up with 27%... unfortunately Im still prone to panic selling.
Tip: If you struggle to find good entry points, or find it difficult to take advantage of corrections etc.. Just buy when the market is trending upwards, and sell whilst prices are still moving upwards. That way you dont have to worry about being right or wrong because all youre doing is responding to price movement as it occurs. As soon as you buy in, set up your sell orders immediately.. This will literally force you into becoming a profitable trader.
ETHAN
Ethan was a no brainer for me... no skill involved in this play at all really. I noticed that the Volume had been building up throughout the day in an organic manner... There was only 2btc in sell orders preventing the market from moving up 50 60%... So knew that if I bought in at market price, and set up some conditional sell orders Id make at least 50% during the night... Which is what ended up happening.
I jump at the chance any time I see one of these obvious opportunities.... any time I can clearly define an exit point, I want to be taking advantage of that opportunity because that is the closest you can ever get to a risk free trade.
Tip: ALWAYS use a STOP LOSS and once youve bought into a position, place your sell orders immediately. You want to add an element of automation to each one of your trades to force discipline and to ensure that you stick to your strategy. Only 10% of Crypto traders are profitable, and I can guarantee that 90% of Crypto traders arent using Stop Orders when executing trades. You should be using a service such as Cryptrader.com if you're not already... they have some cool stop order features that have definitely prevented me from taking any large losses.
Twtter: @Pumper_Ryan follow for daily picks, and updates.
Total return: 227%
Coins: KEY, HAL, ETHAN
KEY
This was a simple play.. similar to my VOOT trade. I was interested in KEY because of the announcement they had made regarding the completion of their OS. However, the way I executed this trade was different from my VOOT play.
As soon as I caught wind that their OS had been built, I went to the Key market to gauge the market response... I saw a nice organic stream of volume building up.. So I started monitoring KEY for 20 minutes straight and I saw that the volume was increasing every 5 minutes which is a typical indicator of an impending breakout. So I didnt waste any time trying to lowball the market... I bought through some sell walls and as expected buyers started to become more aggressive, stacking their orders above each other... smart money flooded in and began to literally walk through sell walls.. 10 minutes later, Im in profit and there are a bunch of stacked buy orders preventing the price falling anywhere close to where I bought in... I set up a conditional sell based on the price action, and ended up being bought out of the market with a tidy 141% gain.
HAL
Ive been in and out of HAL for nearly a week now and Im sure theres dozens of other traders whove been doing the same because that market has become very predicable... I have some Price Alerts set up on Cryptrader for HAL so I was alerted when people started to dump.. I knew, just based on the volume and price action, that if I bought in at around 18K and prices corrected back to pre-dump levels Id bag an easy 30%... I actually ended up with 27%... unfortunately Im still prone to panic selling.
Tip: If you struggle to find good entry points, or find it difficult to take advantage of corrections etc.. Just buy when the market is trending upwards, and sell whilst prices are still moving upwards. That way you dont have to worry about being right or wrong because all youre doing is responding to price movement as it occurs. As soon as you buy in, set up your sell orders immediately.. This will literally force you into becoming a profitable trader.
ETHAN
Ethan was a no brainer for me... no skill involved in this play at all really. I noticed that the Volume had been building up throughout the day in an organic manner... There was only 2btc in sell orders preventing the market from moving up 50 60%... So knew that if I bought in at market price, and set up some conditional sell orders Id make at least 50% during the night... Which is what ended up happening.
I jump at the chance any time I see one of these obvious opportunities.... any time I can clearly define an exit point, I want to be taking advantage of that opportunity because that is the closest you can ever get to a risk free trade.
Tip: ALWAYS use a STOP LOSS and once youve bought into a position, place your sell orders immediately. You want to add an element of automation to each one of your trades to force discipline and to ensure that you stick to your strategy. Only 10% of Crypto traders are profitable, and I can guarantee that 90% of Crypto traders arent using Stop Orders when executing trades. You should be using a service such as Cryptrader.com if you're not already... they have some cool stop order features that have definitely prevented me from taking any large losses.
Twtter: @Pumper_Ryan follow for daily picks, and updates.