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Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
BTC gives plenty of opportunities again. Welcome easy short
What patterns or signals do you use?
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
Hey. I see you are successful in crypto. Im crying my heart here, probably you could give me any piece of advice. I lost almost EVERYTHING
How you survive..? I saw your statement. Feel like I won't have such ever. I'm lost and have no idea how to recover my funds...
How you survive..? I saw your statement. Feel like I won't have such ever. I'm lost and have no idea how to recover my funds...
Hello. I was starting from small steps and silly mistaked. I had no detailed plan for some time and suffered losses. What you see is the result of years. What did happen? Why did you lose so much?
I suggest you not to trade for a while for sure.
I already stopped.. I lost almost EVERYTHING All my crypto and fiat funds I was always believing in crypto and was buying ETH and BTC at the bottoms and the price was increasing. Even when the bear market reduced the value of my portfolio I didnt give up.
Then the story was quite pleasant, with the market recovery I was actively speculating and increased my deposit from 0.02 BTC to 0.2. I was really euphoric. That was the time of my graduation and I was thinking to cover my tuition fees by my profits in crypto. I has trading for hours. The feeling of happiness came to me so quickly. And in the same mode it gone
That time I dot known with leverages. Started trading at Bitmex (I see your screens are exactly from there).
So, I was confident in my strategy. I earned some more money and started my margin trading. That was a mistake. I did everything as before, but with one unexpected market movement I lost everything. Then started a revenge trading. And one more mistake followed. Willing to get back my money I used the ones I was saving for years What I got is margin call and the one more margin call. The last money was lost tonight What is left for now is zero. Zero deposit and zero desire. Seems like it is the end of my crypto trader career. Overall, I lost 1.6 BTC, which is probably not a lot for you But for me it is everything since I have just graduated. I feel really suppressed writing it and sometimes I feel like Id better have killed myself I dont know what to do.
I feel what you are talking about. Learned the same lesson at about your age and as I can remember the sum of money was similar, but that time I was trading triple leveraged ETFs. Remember I lost everything I had, and I was going to lose even the first car I just bought. I was really devastated and decided to learn from it. By the way, it took me about a year to really get over the loss.
I decided to start fresh and just learn from it. It took me about a year to really get over the loss, but I bounced back and worked my ass off doing double shifts at the restaurant I worked at. Fast forward 11 years and Im sitting in a paid off house that I never dreamed I would be living in at this age. You can do big things if you work hard and focus on your goals. The lesson I learned at 23 years old had a lot to do with the work ethic I have now that made me very successful financially. $10k is nothing to me nowadays. My crypto portfolio alone lost about $45k in value today and Im having a beer right now feeling fine if that tells you anything.
My point is that your situation will change drastically in a few years if you choose to fight for it. It can get way better. The deciding factor is you. Now it is better to stop for a while, analyse the reasons an then start strading very carefully, that's my advice
Thank you for the support, it's really important to hear sth like that from a person with a similar experience. So you started to trade after a year?
I can share the screens, that's terrifying....
Not really, it actually took me about a week to start trading again. What I did that week was deep studying of risk and money management. I saved the rest of my deposit with the help of scalping. The positions also were decreased. Are you familiar with the techniques to recover the deposit and what about your risks? Everything can be fixed
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Read here that you helped this guy to stare the successful recovery. Could you please share your advice?
That would be precious, as I see your results and feel that you are very very advanced in trading
Yeah, we analysed the case. The drawdown was harsh, but we structured everything and the recovery already comes
I will write all the steps Id recommend, including the ones related to psychology.
SO, DRAWDOWN
Thus, if you have a losing position,
1) Accept that you are losing. It is an integral part of trading. The earlier you accept it, the more money you will save
2) Analyse. This is what our trading journals for. I often make screens of the trades to look through them and understand what the reasons of the failure are
3) Cut your losses. Part by part reduce the position which causes your drawdown. Make it insignificant for you
4) Having got rid of the losing position, you need the recovery:
4.1) Minimize the position size. It would not be so stressful (if you feel you are in tilt, stop trading for some days)
4.2) Understand what your best strategies/tools/trades/markets are
4.3) Use them only. Be it one trade a day or a couple of days. But it should be confident and perfect
5) Try strategies:
5.1) Scalping
5.2) Strong trend would be your true friend that time
5.3) My fav pyramid trading (increase the position step by step) and reversal (take profits by several steps)
5.4) Manage stop losses (you can use breakeven strategy), but not rush into it, cutting profits. This point should be applied in a very careful way.
Actually, these rules and strategies are applicable in any case. An effective way to cut losses and make more profits with less risks.
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Thank you for sharing!
Could you please clarify what you analyse by the trading jornal?
Also, to make it absolutely broken down, the reasons why this happens
Major reasons:
1) MM&RM violence (absence?)
2) Psychology (revenge trades, greed, tilt)
3) Wrong position sizing / leverage
P.S. 95% of traders lose because of that (!)
Thx mate!
What's that pyramid you say which you are so keen on?
This is one of the effective ways to maximise profits and cut your losses. In brief, the position is enlarged step by step, opening more and more positions if the price goes your way. Thus, in case of success you have more profits, and in case of failure you lose what you risk in a current position.
Here is the illustration I find one of the best to explain pyramid trading illustratively.
Looks really cool. But what's the one called reversal? Is it about selling gradually?
Here is some analysis on BTC price since the beginning of the month
$9000 seems incredible after all we faced
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
Long-awaited BTC moves
Good job mate. will you post some analysis? Like you did before. Btc/eth... whatever
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
ETH turned the right way
How you identify the patterns and catch all these moments? I am aware of the tech analysis and use indicators, but still fail
Just wanted to comment on this.
BASE FOR PATTERNS IDENTIFICATION
It's an interesting how people identify patterns.
I just would like to mention that this is not exactly what some traders do. It is not the dozens of indicators and not the candles learned by heart.
While getting known with and looking for the pattern you need to find a right trigger, I mean the reason underlying this or that pattern. When you see what is beyond, you are getting a sane market understanding.
Btw, too obvious patterns are not a good idea, as everyone will be in already. Thus, do not wait for the setup. Help it to happen rather. You bear risks this way, but you are able to make them affordable and rule the market, while the others are ruled by it
Thank you so much. I still cannot get the idea who to build by strategy basing it on patterns. What are the major issues to determine?
Hey. I'm Mark, a full time trader. I will publish here my usual trades and any trading stuff I find useful (e.g. price analysis). This is result of several years of experience and the hints shared by my friends working at hedge fund. I've never believed that trading can become such a solid income source, but it's all possible. Probably the info being posted here will be useful for you and also will motivate me more to push myself beyond my limits.
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
When you dedicate yourself to becoming a full trader then you will have the opportunity to succeed and that can also make you have the risk of losing. for me that is a very possible thing. there will never be a trader who is always successful and there will be no trader who always fails. what will determine is the willingness and ability of a trader to deal with various situations. Your ability and track record can be seen by others, but those who know your abilities are yourself.Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Definitely there is no absolutely winning strategy. Each strategy includes losing. The point to mention here is how these losses are managed. It all depends on the trading rules (stratehy, MM, RM) developed and the ability to follow them. The mindset and many more.
Were you losing a lot anytime?
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
5m chart XBTUSD
Catched long before downwards move. Used breakout as a signal
Catched long before downwards move. Used breakout as a signal
God that's perfect
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
ETH turned the right way
How you identify the patterns and catch all these moments? I am aware of the tech analysis and use indicators, but still fail
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
BNB 's breaking records
BNB dynamics + pyramid trading, and your balance looks smart
BNB dynamics + pyramid trading, and your balance looks smart
Amazing. What are the projections?
Some basics to share.
This is what I learned about 12 years ago and exactly this is what I use daily and never forget of. Easy but really helpful. Save it!
Thanks for sharing
I often change my strategy during the day and then regret...
Btw, read that the day of the week sometimes matters for the trading results. Do you consider this fact?
The price of litecoin surged another 10 percent! The highest peak since May 23, 2018.
Was increasing the position. $129 - close price. Good enough for LTC
https://i.postimg.cc/D09DZjSM/LTC1106.jpg
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Was increasing the position. $129 - close price. Good enough for LTC
https://i.postimg.cc/D09DZjSM/LTC1106.jpg
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Hope your images will be shown here in a right way. What are you thinking on the further BTC moves?
4h gives quite a comprehensive pic of what is going on with BTC price.
Will see further moves.
Well, at least the price is out of that channel. Glad to see
The price of litecoin surged another 10 percent! The highest peak since May 23, 2018.
Was increasing the position. $129 - close price. Good enough for LTC
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Was increasing the position. $129 - close price. Good enough for LTC
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Hope your images will be shown here in a right way. What are you thinking on the further BTC moves?
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
You may have become one of the successful traders. You can get a lot of BTC with the results of your efforts so far. Maybe I have to learn a lot from you. Please for guidance. Honest I am not good at trading.
well, producing 12 bitcoin per month is a very extraordinary thing. when you can produce it normally every month, I don't think it's a problem to get out of your job. well, many people quit their jobs to make more money.12btc per month is not easy if you are not a skilled trader and if you dont have a verry large amount of capital .
this is why its better if we dont permanenty quit our job because job is the only thing that can provide us a stable income .
you cant also make more money if you already quit your job . if you want to make more money , you will need to do multi tasking (ex. Working on your job at day time and do trade at night time )
I asked the same question
The answer was that trading is a job as well and to get the results you need to dedicate enough time.
I was almost killed by my losses, Mark gave me some advice.. I feel all the experience and I'm ready to work for it to achieve the same results. Hope I will
Yeap. I always tell that if you treat trading seriously, it gives more results. When I was quitting job I was aware of all the risks it brings. However, there were more benefits dur to experience. The more time you dedicate to trading, the more you study and analyse, the better youк balance becomes. As soon as I became a full-time trader, I dedicate much more time to it. Saw the results during the first week. What I sugest is to continue learning curve and pay a special attention to money and risk management.
By the way, what's up? How are your trades now?
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Yes, I'm slightly recovering, thank you what you shared with me. The positions are still small, but I feel at least confident!
Thank you a lot. I hope to keep in touch with you/ Btw, Twitter is a good idea!
What did happen? Harsh loss?
It passed a week since I read this thread. And actually I was thinking to ask you to share any social media to watch your trades and other info. Cool
That was a common problem caused by margin trading. The losses are indeed harsh, but the recovery anyway is possible.
The best solution is to reduce the positions and then use only the instruments which you are absolutely confident in. Set harsh limits on risks and learn the position sizing.
By the way, recently heard that the founder of a Chinese crypto fund management firm called lost about 2,000 bitcoins in a 100x leveraged trading. Then he committed suicide.
Leverage isnt as simple as many portray it to be. Be careful
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Comon it is insane... Feel terribly sorry for that
Did you share the techniqies to recover the losses? Nice from your part. What are the general steps you are usually undertaking?
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
Tonight's pattern. Almost perfect one
Mate cool. Traded the same at ETH that time, interesting
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
The price of litecoin surged another 10 percent! The highest peak since May 23, 2018. http://[Suspicious link removed]/YMnq50uAIYf
Was increasing the position. $129 - close price. Good enough for LTC
Why it surged so much?
I cannot eneb imagine how much you earned
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Was increasing the position. $129 - close price. Good enough for LTC
Why it surged so much?
I cannot eneb imagine how much you earned
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
BTC, even being consolidated leaves room for profits
That makes me inspired again
That makes me inspired again
May you please share some price analysis how do you see it
BTC, ETH..
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
Sometimes come back to scapling
Btw, an appropriate one to make the deposit much bigger in a matter of hours. Generally, 70% of deals are profitable
Btw, an appropriate one to make the deposit much bigger in a matter of hours. Generally, 70% of deals are profitable
Amazing. How much do you make a month?
It depends... In May it was an average profitability... Will share these days
As promised, here are the profits I made during one month
There absolutely no limits in earnings. Just trade, improve and trade again
And then reward yourself spending what you gained
Commmoon
Man you are unreal
Please share your deals
Market contitions do not really matter a lot
hey good job again