14 Oct - 15 Oct
Total return: 247%
Coins: APEX, GPC
What is your niche? Do you have a trading style? Personally, my strategy is based on short-term trading, which is how I make my bread and butter. The occasional long-term trades are icing on the cake. I believe that only short-term price swings can be foreseen with adequate precision. Im also a firm believer in anticipating price direction, but not magnitude. I dont set price targets. I either place my sells in relation to the amount of volume coming into the market VS the total sum of the Sell orders, or I simply get out when the market action tells me its time to get out, rather than based on any consideration of how far the price has gone.
APEX
Good fundamentals + Good technical elements = Home run!
Aside from the forthcoming updates etc, this coin has a brilliant and active team behind it. Thus APEX has been a recurring Pumpers Pick for just over a Month now.
The volume may look unnatural, but this is what it looks like when a mass of traders simultaneously take advantage of a market that is void of any Sell resistance.
And that is what it all comes down to. The Crypto market is as simple as that.
Due to the lack of liquidity and the almost laughable trade volume in each market you are free to have your wicked way with any coin of your choosing.. provided the fundamentals arent terrible and your path to profit isnt clogged with the most unsightly sell walls.
Despite what you may have been led to believe, or what you saw in a documentary or what you were force-fed at some trading seminar... Trading is as simple as taking advantage of high probability opportunities. Making the most of situations where the odds are tilted in your favour. Trading isnt about picking tops, or bottoms... or being right or wrong on a trading idea. It is about finding an edge and putting yourself ahead of the curve because, if your approach is similar to that of the majority of traders, you will eventually get wiped out.
The majority will always do the wrong things at the wrong time, thus the chips will always end up being concentrated in the hands of the few instead of the many.
Tip: Always keep in mind that there are hoards of deep pocketed traders who play these markets but arent frequenters of the Bitcointalk forums. They make most of their trading decisions based on technical factors alone. So dont get too engrossed and absorbed in the daily noise or even market-sentiment. When the technicals of a coin are in perfect order that is where the volume is going to go, regardless of what the general sentiment of the market is. People tend to over complicate things, using overly excessive and, sadly, useless indicators and charts. Which only serve to the detriment of your overall performance. Thats not to say that Fundamentals such as news and updates arent relevant. I tend to pay some attention to fundamentals when trading, but not in the conventional way. I dont try to gauge whether the fundamentals are bullish or bearish. Rather, I focus on the markets response to fundamental news. For example, if a market is shrugging off a barrage of bearish news, I would view that as an impending bull move.
GPC
GPC. An oldie, but a goodie.
A surge in volume brought this market to my attention. Especially since there was no news or updates to warrant a buying frenzy.
Of course this goes to show how important technical factors are. The technicals were so on point that to pass this market by without putting on a trade, would be like leaving money in the street.
This particular trade was as simple as walking in and picking money up from the floor.
Buy support was minimal, but that didnt concern me. Because, when I looked at the sell orders I could see a 300% move right there in the orderbook. I could also see that it would take an insignificant amount of BTC to force the market into an upward swing.
An absolute no brainer from start to finish... and GPC still has enough steam left to put on a repeat performance.
GPC is being offered to the community via a Public Transfer of Leadership. GPC is a vintage coin with great potential. All interested parties can go here to have a look.
Tip: It is very important to distinguish between respect for the market and fear of the market. Being respectful of the market will assure that your losses are kept to an absolute minimum. Fear will keep you from making correct decisions. You wont win, if youre fearful of losing.
Avoid the temptation of wanting to be completely right by shunning all or nothing decisions and instead scaling in and scaling out of positions.
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.
Total return: 247%
Coins: APEX, GPC
What is your niche? Do you have a trading style? Personally, my strategy is based on short-term trading, which is how I make my bread and butter. The occasional long-term trades are icing on the cake. I believe that only short-term price swings can be foreseen with adequate precision. Im also a firm believer in anticipating price direction, but not magnitude. I dont set price targets. I either place my sells in relation to the amount of volume coming into the market VS the total sum of the Sell orders, or I simply get out when the market action tells me its time to get out, rather than based on any consideration of how far the price has gone.
APEX
Good fundamentals + Good technical elements = Home run!
Aside from the forthcoming updates etc, this coin has a brilliant and active team behind it. Thus APEX has been a recurring Pumpers Pick for just over a Month now.
The volume may look unnatural, but this is what it looks like when a mass of traders simultaneously take advantage of a market that is void of any Sell resistance.
And that is what it all comes down to. The Crypto market is as simple as that.
Due to the lack of liquidity and the almost laughable trade volume in each market you are free to have your wicked way with any coin of your choosing.. provided the fundamentals arent terrible and your path to profit isnt clogged with the most unsightly sell walls.
Despite what you may have been led to believe, or what you saw in a documentary or what you were force-fed at some trading seminar... Trading is as simple as taking advantage of high probability opportunities. Making the most of situations where the odds are tilted in your favour. Trading isnt about picking tops, or bottoms... or being right or wrong on a trading idea. It is about finding an edge and putting yourself ahead of the curve because, if your approach is similar to that of the majority of traders, you will eventually get wiped out.
The majority will always do the wrong things at the wrong time, thus the chips will always end up being concentrated in the hands of the few instead of the many.
Tip: Always keep in mind that there are hoards of deep pocketed traders who play these markets but arent frequenters of the Bitcointalk forums. They make most of their trading decisions based on technical factors alone. So dont get too engrossed and absorbed in the daily noise or even market-sentiment. When the technicals of a coin are in perfect order that is where the volume is going to go, regardless of what the general sentiment of the market is. People tend to over complicate things, using overly excessive and, sadly, useless indicators and charts. Which only serve to the detriment of your overall performance. Thats not to say that Fundamentals such as news and updates arent relevant. I tend to pay some attention to fundamentals when trading, but not in the conventional way. I dont try to gauge whether the fundamentals are bullish or bearish. Rather, I focus on the markets response to fundamental news. For example, if a market is shrugging off a barrage of bearish news, I would view that as an impending bull move.
GPC
GPC. An oldie, but a goodie.
A surge in volume brought this market to my attention. Especially since there was no news or updates to warrant a buying frenzy.
Of course this goes to show how important technical factors are. The technicals were so on point that to pass this market by without putting on a trade, would be like leaving money in the street.
This particular trade was as simple as walking in and picking money up from the floor.
Buy support was minimal, but that didnt concern me. Because, when I looked at the sell orders I could see a 300% move right there in the orderbook. I could also see that it would take an insignificant amount of BTC to force the market into an upward swing.
An absolute no brainer from start to finish... and GPC still has enough steam left to put on a repeat performance.
GPC is being offered to the community via a Public Transfer of Leadership. GPC is a vintage coin with great potential. All interested parties can go here to have a look.
Tip: It is very important to distinguish between respect for the market and fear of the market. Being respectful of the market will assure that your losses are kept to an absolute minimum. Fear will keep you from making correct decisions. You wont win, if youre fearful of losing.
Avoid the temptation of wanting to be completely right by shunning all or nothing decisions and instead scaling in and scaling out of positions.
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.