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Showing 20 of 82 results by DanTalksCrypto
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Topic
Board Trading Discussion
Re: How do you pick your trades?
by
DanTalksCrypto
on 19/09/2018, 23:02:50 UTC
How do you select what you invest your precious satoshi's in?

Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?

Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.

How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?

The simplest method is riding the trend

I can't think of anything simpler that wouldn't be pure luck. Bitcoin as well as other cryptocurrencies has been in a downtrend since the beginning of the year, and if you followed the trend (not forgetting to put stop-losses along the way), you would have earned handsome profits. And it doesn't really matter where the trend goes. If it goes south, you sell coins (probably on margin), if it goes north, you buy them. In between you can go for day trading by exploiting daily or weekly volatility (within your stop-losses range)

There is definitely a lot of positives to be said about riding trends. That can definitely work. Thanks for your input.
Post
Topic
Board Trading Discussion
Re: My experience day trading - no moon shots
by
DanTalksCrypto
on 19/09/2018, 23:00:52 UTC
Man this is great! If I can make 1% daily without loss, trust me I’ll be okay. The problem is that some days you don’t even make profit. If I can be getting the right signals making 1%+ daily, then by the end of the month I would have about 30%+ profit and that’s really okay for me. There are people who needs more than that, some people talk of 100% profit lol.

Well I hope to see you on the Discord to talk more. 30% per month is fantastic.

Some days I don't trade when nothing is looking good - that's fine with me. Helps protect against significant downsides and maximise the upsides!
Post
Topic
Board Trading Discussion
What is your #1 top trading resource?
by
DanTalksCrypto
on 18/09/2018, 22:04:15 UTC
As the title says - sell me your favourite resource for information on trades. Am always looking for more to further my education.

Mine is this discord server: https://discord.gg/CCb86qY

Reason: Really simple and easy to follow analysis - especially for me as a beginner. Always people hanging around willing to help me out. Good library of educational resources as well. Worth a look. 
Post
Topic
Board Trading Discussion
Re: DO YOU BUY WHEN THE PRICE DROPS SHARPLY ?
by
DanTalksCrypto
on 18/09/2018, 17:03:14 UTC
I buy according to set rules. Based on where, probabilistically, the price will move in the next few minutes. Volatility is your friend. I learnt it here: https://discord.gg/BN9P2tk
Post
Topic
Board Trading Discussion
Re: How do you pick your trades?
by
DanTalksCrypto
on 18/09/2018, 16:52:35 UTC
So I hear a lot of people talking about TA. What makes TA (i.e. analysis of past patterns) predictive of the future? Is it just circular? People use TA to predict a rise, so they buy and it therefore rises? Then use TA to predict a fall then sell, and it falls?
Post
Topic
Board Trading Discussion
Re: How do you pick your trades?
by
DanTalksCrypto
on 17/09/2018, 22:51:51 UTC
I always choose the coin I see ok and I decide to hold them for a long time, so I will wait for the opportunity to wait for the good price will come to us.

I guess what I was hoping to gain from this post is your thought patterning? What makes you see that a coin is "ok"? Or what a "good price" is to wait for?
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Topic
Board Trading Discussion
Re: Panic of traders
by
DanTalksCrypto
on 17/09/2018, 22:22:42 UTC
Controlling emotion is crucial. Right now, in current market conditions, I'm so happy I put the groundwork in to trade without emotion - buying and selling robotically according to my "rules". My best move this year is joining this free discord: https://discord.gg/BN9P2tk. Their free calls are excellent for those wanting to make consistent small profits (1-2%) on a daily basis. Their library of knowledge and recourses is excellent. My friends there are excellent and have taught me a lot. Plus I'll be hanging out there!
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Topic
Board Trading Discussion
Re: Give your opinion about the current market and future
by
DanTalksCrypto
on 17/09/2018, 22:20:41 UTC
For me it doesn't matter right now - I just want to get more BTC. I trade alts to get more each day and if the fiat price drops I buy more with fiat.

The future will be bright at some point and I'm looking forward to it! Cheesy
Post
Topic
Board Speculation (Altcoins)
Re: Why the Ether will drop to $ 60
by
DanTalksCrypto
on 17/09/2018, 22:18:32 UTC
I just can't see it ever get that low. Just how I can't see a sub-5k BTC again. If it gets near those prices people will be hoovering them up.
Post
Topic
Board Altcoin Discussion
Re: Many think crypto is dead. It is not.
by
DanTalksCrypto
on 17/09/2018, 22:17:16 UTC
I keep reading some really desperate people on a forum (other than this one) and they seem sure that crypto is dead, because it is scam etc.

Crpyto is not dead. Don't be stupid. HODL.
crypto is not a scam. dont listen to what other people say about it.

and yes, crypto is not dead. have you seen anything valuable in this world that died? no, as long as there is an individual using any valuable thing in this world, it will not be forgotten or die.

Completely agree with you - there is a future for crypto and I'm excited to be a part of it.
Post
Topic
Board Trading Discussion
Re: How do you pick your trades?
by
DanTalksCrypto
on 17/09/2018, 22:10:54 UTC

Picking in my own tracks are not easy,therefore i need a research and monitored the market caps of which coins now more profitable  and more pump in the market in terms of trading,thats why i needs the opinion of some investor,and the situation of  market so thats i can avoid more loosing ,and i protecting  my choosing coins  agains dump,by analyzing the statistic data chart  of the market before making a trading decision.


Agree - it's not easy to get on yourself without good experience in the markets. I was totally new to the space this year but have been growing in confidence over the year.

So do you follow signals? Free ones or paid ones?
Post
Topic
Board Trading Discussion
Re: How do you pick your trades?
by
DanTalksCrypto
on 17/09/2018, 21:48:21 UTC
For me I could a big pure luck and depth charts which seek and try to see the changes of signal. Also it does not meant that I got to pick pure luck because I do not know my own signals. One should really know so that is why I pick a depth chart as well.

Here is the tip looking and seeing/analysing what you need is a big must like the chart correction that is happening every day and week. Buy means of analysing and looking is to see the changes and the flow.

Nice - if you use depth charts have you seen these guys: https://discord.gg/BN9P2tk

I think they're useful for depth chart analysis. What do you use?
Post
Topic
Board Trading Discussion
How do you pick your trades?
by
DanTalksCrypto
on 17/09/2018, 21:05:56 UTC
How do you select what you invest your precious satoshi's in?

Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?

Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.

How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
Post
Topic
Board Trading Discussion
Re: My experience day trading - no moon shots
by
DanTalksCrypto
on 17/09/2018, 20:41:12 UTC
Richest crypto friend I have, is this type of trader. He doesn't look for x100 coins he looks for 5% profits. When he buys a coin he puts a sell order right away for 5% profits and just leave it be. If the price drops he purchases some more, he always puts some coins aside just in case and when the price drops he uses that left over capital and even lefts some more. This way the coin drop 50% if it needs to be and he still buys more and whenever it makes him 5% profit he sells it. That way he made his coins from 0.9 bitcoin to like 30 bitcoin now because he was patient and he always got out quick and never hold a bag too long.

How can anyone be making any profit from such type of trade if the crypto currencies are either being too volatile on negative side or they may not be moving in the positive direction at all.
It is still possible to make profits in this volatile market even it is slowly moving down side. For example, look at dogecoins. It is time to trade select coin rather than sticking with what we had traded last year. Choose your pairs wisely and you may find yourself successful when you apply new strategies.

Thanks for sharing. Glad to hear your friend had success with this. Gives me good feelings going forwards.

Anyone can make money during a bull-run. I feel this strategy does me well during this crazy volatile bear market. For example today, no charts looked good so I was sat in BTC. BTC dumped so I would have had a huge loss if sat in alts without a stop-loss. Instead I've still got all my BTC. Happy times!
Post
Topic
Board Trading Discussion
Re: My experience day trading - no moon shots
by
DanTalksCrypto
on 17/09/2018, 08:24:40 UTC
This strategy is interesting. But would you have a few more numbers to prove its effectiveness? The problem is that the price in certain moments shoots and all the profit obtained in a week can go away in a single day.

But in bot management this is the logic and this provides liquidity to the market.
Indeed a very interesting day trading strategy and should be easy to achieve. It is not an unrealistic thing to make as far as I am concerned, and I am sure it is a strategy that would always pan out as long as you mentioned about keeping your stop loss active, while still making use of the indicators to make you decisions. It is really a very good tip and a good thing to be sharing experience, so I will say kudos to the OP.

In fact, sitting within btc is really some good call to make. A lot of traders really will not want to do that considering that they also trade the bitcoin fluctuations as well, but at least, setting your priorities right and the priority you have set in remaining in bitcoin is honestly a very solid one and I 100% dig you on that. Also, with your very tight stop loss, it is a very solid way to go about trading bitcoin-altcoin pairs due to their high level of volatility. ADA by the way seems to be a good option to as well.

What i like about it is that I believe it is low risk. You could aim for 2% per trade if you were so inclined but I think you’d be in the market longer during each trade and more susceptible to dumps. But the strategy I’ve used is just grinding out small but consistent profits.

Over the weekend the depth charts  didn’t look that good, volumes down. So I stayed away. 0% this weekend but I’m not fussed. Ready to go again once the volatility picks up!

Post
Topic
Board Trading Discussion
Re: My experience day trading - no moon shots
by
DanTalksCrypto
on 17/09/2018, 08:21:55 UTC
Is this net 1% as we have to take in consideration the trading and withdrawal fees as well.
Agree on the logic behind that small is sometimes bigger but  even 1% is not achievable every day on this kind of market we have nowadays.

Correct - I assess it as % return on my BTC stack net of fees. So realistically 1.15% on binance as I use BNB to pay for fees. Withdrawal fees I’ve not factored in but I don’t plan for withdrawing for a while yet. Still growing.
Post
Topic
Board Trading Discussion
Re: My experience day trading - no moon shots
by
DanTalksCrypto
on 17/09/2018, 08:20:11 UTC
I think your strategies are very good. Because you do not get much profit, you only gain 1% per day and many people want to earn 10% daily or 20%, and for this, they face many losses and you use a very safe method. I like and respect your strategy.

Appreciate your comments. Would be great to chat with you on discord. Hit me up there. Hope your Friday is going great.
a very good daily strategy, indeed if we are going to trade daily it must be like that, take a little profit but continuously and the key is patience.
You are surely right earring small but continue will give you good profit, day trading has a lot profit but most of time those earns who have patience of facing any kind of situation, rise and fall use to come but those who understand the situation will get bigger profit, so before getting to trading for day one should know about all features of trading for day, it will improve our earning and our skills for trading next time.

Absolutely. The more information we have the better. Signals and TA do work for some people but I think on average there is a lot of luck involved. Trading on volatility I think you can swing luck in your favour. And tight stop losses control any downside.
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Topic
Board Trading Discussion
Re: My experience day trading - no moon shots
by
DanTalksCrypto
on 17/09/2018, 08:18:27 UTC
Although long-term investment is a logical and profitable investment, it is not preferred by many investors. The main reason for not being preferred in this sector is the fact that investors are impatient and act with faulty thinking. Long-term investments are extremely lucrative, but many investors often do not benefit because they perceive long-term investment as peak point hunting. The experience and recommendations you specify are the content that many investors need to read, which will be especially useful for new investors. Again, it is not a long-term investment to make summit hunting. It can be very comfortably stated that investors who have solved this situation have already earned a permanent profit.

That’s what I thought about long and hard. I tried summit hunting as you put it (moon shots is what I call them) and got burned most of the time. And then was being told I needed to pay for the proper signals. That sounded like garbage and akin to pump and dumps.

I’m so glad I found the team and education I mentioned in the OP. Has proved vet valuable.
Post
Topic
Board Trading Discussion
Re: My experience day trading - no moon shots
by
DanTalksCrypto
on 16/09/2018, 17:45:53 UTC

1% daily is a good way to earn but with the help of other people or other people doing the trade, I would prefer not to do it. It's better to trade based on what I personally observed in the market than letting other people trade for me. Also it is a helpful tips you you shared in the community.

1% profit is enough for me, If I will try to trade. However, I want to start my journey in trading when I knew already the combination using the technical indicators. As of now, I am searching for good strategy for trading and investment. If I gather 1000 dollars capital, I will start trading

Hope to see you on Discord when you make it to trading. Good luck!
Post
Topic
Board Trading Discussion
Re: My experience day trading - no moon shots
by
DanTalksCrypto
on 16/09/2018, 17:44:20 UTC
There is no need to risk dealing with the day trading. Choose the holding strategy, and at last, you will make good money. So my choice is holding!
That may be your choice, but certain people prefer to always take the better risk with great opportunity than just sitting in a position for too long. It may work out well for someone without trading knowledge, but it does not mean it is the best thing to do in terms of making profit. What you are doing trading is to take advantage of the fluctuations. Now, it does not necessarily have to be day trade, as there are better means to achieve that.

An interesting strategy, the main thing is to follow it clearly, just not everyone is able to restrain their excitement and want more profit,and this will have a negative impact on the result
This is how the emotion failure while trading may trap you out. Day trading is known for scalping like many small profit making whereas if we understand this then we may avoid unnecessary disappointments very easily.

Completely agree with your points here - thanks for your input