Quote from: boyshx on October 02, 2018, 09:11:43 AM

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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.

Quote from: exstasie on October 02, 2018, 05:44:16 AM

Quote from: Ahasca on October 02, 2018, 02:05:30 AM

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.

Quote from: Ahasca on October 02, 2018, 02:05:30 AM

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.

Quote from: Ahasca on October 02, 2018, 02:05:30 AM

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.

Ahasca

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