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Showing 11 of 11 results by Ahasca
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Board Trading Discussion
Re: What are the trading tips for newbies...
by
Ahasca
on 04/10/2018, 21:23:48 UTC
Asking people is a great way to learn about trading!  
For me I joined a group of like minded traders and we all help each other with trading plans, sticking to our trading rules, and identifying a number of eligible coins for trading.  If you want to come ask our traders their strategies and for help, we are all very helpful!  It's free, no obligation and we all want each other to learn to succeed!  

Voodoo Crypto Discord
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Topic
Board Trading Discussion
Re: Bull market/Bear Market trading strategies
by
Ahasca
on 02/10/2018, 22:57:11 UTC
Quote
I use the principles of compound-interest

I like this little piece of statement that you have made here. Yes, thats the perfect way to win this market. As long as you staking up the base coin with the profits and compounding of the same then you are always in the profit after certain amount of time and thus no one can take you down in the crypto space itself. The thing that happens here is, you are not actually looking at how much profits you have gotten in terms of USD or your local currency but you are looking at how much base coin you have gotten. This way it keeps rising all the time and thus you can end up having huge coins and thus even with small change you can get lot of money back to you.

When I first started, I used this strategy on Cobinhood, trading for just increasing my COB stack because I believed in the token and exchange a lot...now I trade on binance and try to grow my BTC stack.

I've often heard that to know that you are a successful trader you have to pull profitable trades in a bear market, not just a bull market. 

Either that, or you need to play to your strengths. I know some crypto traders that primarily only trade during bull markets (like 2016-2017). After the crash, they pack it up and leave until the market is hospitable again. One reason for that is the lack of safe places to short sell, especially for traders in the US.

I've been successful during our bear market this year, by using the Depth Chart, or Micro-analysis of the order book.

That's surprising. I've always found order book analysis to be misleading. People are always playing games on the order book.

I've set a tight stop-loss at 1% risk, with 1-3% profit exit per trade.  I use the principles of compound-interest to grow my btc stack with trades.

I'm all about compounding gains to grow my BTC stack too. But IMO 1:1 reward vs. risk is really low. You also need to beat trading commissions and hedge against a bad stretch of trades. I look for an absolute minimum of 2.5% reward vs. 1% risk. In cryptocurrency, there are opportunities for much better than that too.

2.5% is nice, but sometimes you have to take a 1% gain to avoid taking a 1% loss, and if you set your exit just above 1% it covers the trading fees on binance.  And if I make 3 trades at 1% in a day, which is, most of the time pretty easy using the depth charts.  I like to look at the total BTC on the order book cumulatively of over 100BTC in Bids/Asks.  That way the faking out of the order book isn't as easy, and whales have to dump large or buy large in order to move it much.  Also if the Volume is over 1000BTC/24Hr is another one of my rules for trading a particular coin.  For example the only coins right now on binance for considering a trade in are : ADA, TRX, ZIL, FUN, XRP.
That's how we get around the misleading of the orderbook.
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Topic
Board Trading Discussion
Bull market/Bear Market trading strategies
by
Ahasca
on 02/10/2018, 02:05:30 UTC
I've often heard that to know that you are a successful trader you have to pull profitable trades in a bear market, not just a bull market. 

I've been successful during our bear market this year, by using the Depth Chart, or Micro-analysis of the order book.  I've set a tight stop-loss at 1% risk, with 1-3% profit exit per trade.  I use the principles of compound-interest to grow my btc stack with trades.

What are your bear market strategies?

And if you are new and lurking and looking to learn about daytrading and have no idea where to start or how, swing on by our discord, everyone is really helpful, and it's free with no obligation for anything.  We can help set up that trading plan for you, or even if you don't understand terminology or whatever about trading...we can help.  Swing by and say hi, stay awhile and listen, and learn something!

Voodoo Crypto
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Topic
Board Trading Discussion
Re: Paying for education
by
Ahasca
on 27/09/2018, 01:26:50 UTC
Thanks to you all for your responses. 
For the most part there are lots of free resources that has made lots of you successful crypto traders! 

What about the beginners out there who are lurking and reading this?  Have you had poor luck and are considering purchasing education?  Or you aren’t sure where to begin looking?  I want to hear from you lurkers as well!  Even PM me!
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Topic
Board Trading Discussion
Fighting your own FOMO
by
Ahasca
on 23/09/2018, 16:54:35 UTC
Human nature is full of greed, and FOMO.  Not just in trading but in life as well.  And once you recognize it for your trading, you can recognize it in your day to day life as well, and fighting it can help you deal with every day situations with more rationality and logic.

What sort of psychological tricks do you use on yourself to combat your own FOMO?  Do you still get your own FOMO hitting you when you see a coin blowing up all over the place?

Myself, I practice JiuJitsu as well have learned good meditation from a solid instructor, but the most help I have is from support from fellow traders in a good community.  Hahaha like a support group!
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Topic
Board Trading Discussion
Paying for education
by
Ahasca
on 16/09/2018, 21:56:11 UTC
It's largely considered to be almost a necessity to pay for some kind of education if you are planning on becoming a stock trader. 
How many people have paid for some kind of trading education, either focusing in stock trading or in crypto trading.
Do you think it's helped you?
What was your experience through trading education either paid or unpaid?
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Topic
Board Trading Discussion
Re: bollinger bands
by
Ahasca
on 15/09/2018, 15:36:06 UTC
Why not swing by our Discord; Voodoo crypto, and learn about the Depth chart day trading?  We've got some good traders in there that are making pretty good profits!
Voodoo Crypto Depth Chart trading

You can check out this thread for some good conversation about this group as well!

https://bitcointalk.org/index.php?topic=5026969.0

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Topic
Board Trading Discussion
Re: My experience day trading - no moon shots
by
Ahasca
on 13/09/2018, 22:30:58 UTC
Have tried this sometime and it worked for a while and little mistake wiped out the profit, however I never used stop losses and have learnt to apply it, Kudos to you on your voyage, please would like to see your updates on progress made. 1% a day however is very low, will be meaningful to someone with loads of fund as capital

I think that 1% per day is really great for people with low capital.  It's safe and easy way to enter the market and begin trading, especially if you don't know much about it.  You want to learn conservatively and avoid blowing up a small account. 
What would your per day % goal be, just curious?
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Topic
Board Trading Discussion
You've heard about Voodoo Crypto But I just had to add this
by
Ahasca
on 02/09/2018, 20:46:45 UTC
I'm cross posting this from reddit:

Look I hate feeling like I'm shilling anything, I really do. But I have to share something:

I listen to a podcast called "Chat with Traders" really cool podcast, interviews with hundreds of very successful traders! Anyway this one guy, Mike Bellafiore had such a good, professional interview; and in that interview he had started SMB Capital which is well, whatever super successful and profitable, but he also started SMB University which is a school for trading, and people pay really good money to go to this school. When the guys from Voodoo Crypto invited me into their space and I got to talking with them, I instantly thought of this podcast and thought that Voodoo Crypto has this amazing potential to be an incredible Education Resource for serious people looking to learn about being profitable in trading...this is a real thing, this Voodoo Crypto and it's so much more than the Crypto space is at right now...I really believe in what is going on in this Discord.

If you are interested in all, honestly about learning about trading, this is not a pump and dump group, or a signals group, this is an educational platform that will teach you to make a trading plan, and execute your trading plan within the crypto space.

Crypto trading is wild west compared to Stocks, and it's scary, but if you're a lurker and just rubbing your chin and don't post like I did so much, come check this out. It's free at it's base tier, and so helpful I can't even believe it.

You want a sample of my trading plan:

Order book must have 100btc between buys and sells

Volume must be over 1000 Btc in 24hrs

Stop loss at 1%

You've got to have a trading plan, you've got to be unemotional and this is a lonely game. This community has made me feel welcome, and not embarrassed about losses, and helps me learn from my losses so I can be a more profitable trader.

Please if you're interested in trading and you have no idea where to start give us a listen, come chat with us, there's no pressure or anything, just lots of help: https://discord.gg/wF5yVqs

Thanks for listening.
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Topic
Board Trading Discussion
Re: Depth chart day trading
by
Ahasca
on 01/09/2018, 23:03:36 UTC
Wouldn't several small gains, using a compound interest system to grow your stack exponentially work better and ultimately quicker than waiting for the big ones?
Like below, if you make 5 trades in a day at 1% after each trade.  Especially if you've got a smaller stack to begin with?

Start = .025 BTC
1% after fees profit each trade.
.0252500
.0255025
.0257573
.0260151
.0262751

Is about 5.1% for the day. Also assume that any loss on a trade is limited to 1%.

How many times do bigger swing trades take place and for what percent? 
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Topic
Board Trading Discussion
Re: Depth chart day trading
by
Ahasca
on 25/08/2018, 19:42:01 UTC
What if the the majority of fake trade intention is on coins that have less than "x" amount of btc on the order books?  A smaller amount of btc on the books would make manipulations easier, but wouldn't having like 100 btc or so between the buy/sell books show a more organic intention? 

I'm just learning about trading and everything I've read and listened to on podcasts is to look into everything and try to learn as much as possible, depth chart analysis with high volume, high btc order book coins could work, no?