|
Title: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 01, 2017, 10:12:05 PM https://s25.postimg.org/va6lhhlgv/image.jpg
Like 50 Cent said, Get Rich or Die Trading. This guide is for everyone who's ever wanted a basic "how to trade guide" to learn the ropes. Please bump this if you enjoyed it. In March 2016, when Ethereum was $10, I wrote this on the Ethereum Forum, a thread that got 100,000 views: "My advice to everyone is and take it with a grain of salt: You have a chance, a small chance, if you play your cards right, to get filthy rich. For example, there was one year where $100 of litecoin was worth $30,000 AFTER ONE YEAR. What you do now with your ether is up to you. You can horde it and hope (it will.. trust me it will go up so friggen much that it's going to blow your face away) it goes up. You can sell it right away or use the extra capital for trading crypto.. the choice is yours. But just remember that Ethereum is HUGE. This is the biggest thing to happen on the internet in the longest time. How much you believe in Ethereum versus how much time you can afford to wait will determine what you do." https://forum.ethereum.org/discussion/5592/how-to-mine-get-started-fast-and-easy-for-windows-7-detailed-guide The best thing I've ever done in life was TAKE MY OWN ADVICE ABOUT ETHEREUM. Follow me on Youtube for my 9K in 90 Days Challenge starting with $200. Follow me on Twitter and Trading View too! Youtube - https://www.youtube.com/user/philakone1 Twitter - https://twitter.com/PhilakoneCrypto Trading View - https://www.tradingview.com/u/philakone/ Here's the most simple and detailed guide to trading on the internet: I remember two years ago when I first started trading. I was overwhelmed with the information out. So, here is the universal guide for all beginners that is proven to work time and time again. I highly suggest to study risk management, which will be a blog I'll touch briefly on soon. Remember that we’re all in different stages of the game. Some of us just heard about it this year and are now curious because of the allure of making huge profits. While most of us reading this right now are enthusiasts, like myself, who’s constantly striving to learn, improve his kills, rid of arrogance and stubbornness, all for the grand goal of making profit. How can we do this? By sharing ideas and improving the community. Take what we’ve learned and pass it on, while filling our insatiable appetite to devour knowledge and grow further. This is a guide solely intended for new audiences trading Bitcoin, where technology and politics are set aside. These are my experiences and I want to share them. Before I begin, I want to highly emphasize that trading is ruled by fear and greed. If it were easy and only the smartest people were successful, everyone would be doing it. Even the smartest guys lose money. Why? Because this is a game where your emotions MUST be controlled. You MUST exercise discipline, caution, and patience. You MUST make your own decisions, do the research, and perform the technical analysis. Learn the necessary skills emotionally and technically to succeed. The emotional part of trading is not discussed much, but know that it’s just as important as the technical aspect. Stick to a strategy, eat, breathe, and sleep it while checking your emotions at the door. Do NOT panic my crypto friend, we will overcome the learning curve with ease. "Dont predict the market. React to it." - Tim Grittani and Tim Sykes The bulls make money. The bears make money. And the pigs get slaughtered. Do not trust anyone’s advice except your own and put in the hard work. Remember, we’re all competitors at the end of the day and every time a trader profits, another trader loses. Choose your trade platform, set up your screens, pick a few indicators I trade at http://bitfinex.com/ and am a very happy customer. Trading View charts built in. Best charts you can get. Unlimited saves. Clean and customizable platform Margin trading to leverage 3.3X Constant improvements and new coins added High liquidity Can trade /ETH/USD/BTC Visually easy on the eyes I have to admit there’s sometimes lag and orders don’t execute how you want them to, but every exchange has their issues and we can’t expect perfection. Deal with them as best we can and reserve our emotional energy because after all, trading is all about managing our emotions. Here’s my setup on my main screen. https://s25.postimg.org/ytsj7eyi7/image.png Remember that screen space is real estate. You want to have as much as possible in an ideal view to prevent neck and eye strain. My recommendation is at least 2 monitors. Some people may need more, and some less. It just comes down to what you need to monitor and personal preference. My other screens are a bunch of charts in different time frames of other coins, and another for social media/entertainment. The most important things to have is the level 2, which is also known as the order book / trades. This let you see in real time momentum changes and potential walls. Also, you MUST have your order form readily available to execute quick decisions. The time frames you monitor is dependent on what type of trader you are and what time you can allocate. For example, if you have a full time job, day trading on a 5 or 15 minute chart may not be for you as it requires too much time. Though a good choice would be to trade on a daily chart if you can only make a few trades a week. For myself, I’m a day trader so I have 5, 15, and 30 minute charts up usually. Sometimes the 1 minute and 3 minute chart when precisely timing my entries and exits. Be sure to familiarize yourself with all the tools and layout of your exchange. Know what everything is and be one with it. It’s important to ask yourself what kind of trader you want to be. It comes down to do you want to look for new opportunities with new coins or trade high liquidity and market cap coins like bitcoin, ethereum, and litecoin, or maybe a combination of everything. I personally trade Bitcoin, OmiseGo, and Ethereum. These are the 3 coins that take up a large portion of my portfolio. It’s good to familiarize yourself with a few coins only so you can become experts by knowing their pattern and chart history. I don’t waste time looking for ICOs (initial coin offerings, like when a stock goes public, but here a coin) because most of them are scams. Nor do I care about what happens to them 6 months from now because I’m a day trader. INDICATORS - RSI, MACD, Moving Average Now out of a billion indicators to pick, choose a few. There are pros and cons of all indicators. Some swear by some, some swear by others. When you read a large majority of technical analysis, you’ll find most of them reference these indicators. So it’s good to speak this language and also understand what these indicators are, how they’re used, and general strategies. Let’s learn them quickly, but properly. RSI – Relative Strength Index This is a measure of momentum and how much strength it has to go up, sideways, or down. It’s a indication for momentum shift when combined with watching the level 2. Generally speaking, BUT NOT ALWAYS: If the RSI is under 30, it’s OVER SOLD. As it approaches 30, be cautious as a reversal may happen soon to the upside. If the RSI is over 70, it’s OVER BOUGHT. As it approaches 70 and above, be cautious as a reversal may happen soon to the downside. As it flattens out, it loses strength (called convergence) It has to reach a higher RSI than the previous high to have momentum to go higher. And vice versa on the down side. This doesn’t mean it’s always going to bounce off 30 or 70. In my opinion, for a very strong bullish push, it MUST reach the 80s, and for a very strong bearish push, it MUST reach the 20s. Here’s OmiseGo reaching 10 RSI, which is a very strong downtrend. Notice that it was already at 30? Most would “assume” a bounce off it, but always be cautious. https://s25.postimg.org/s3c1y2j33/image.png A general strategy that can be used on a high time frame chart such as 6 Hour on OmiseGo: 1 - buy when the RSI is near 30 and bouncing off it, and sell it when it nears 70 and bounces off it. 2 - short when it’s near 70 and bouncing off it, and buy in when it nears 3- and bounces off it. This alone would actually make you REALLY profitable. Let’s look at OmiseGo over the last month using this strategy alone. Betting that a market is going up is just half of trading! You can also bet on the market going down called shorting. Long means you’re betting it goes up, and short means you’re betting it goes down (margin trading) https://s25.postimg.org/d8ngjcrcf/image.png A – Short at A. Close at B B – Long at B. Close at C C – Short at C. Close at D D – Long at D. Close at E. In hindsight, it’s easy to say we can do this because we see the charts. Though, I must emphasize to look for the flattening out I’ve mentioned and highlighted above. This is called. convergence. This is a very strong indication that the momentum is lost and a reversal is likely to happen. MACD – Moving Average Convergence Divergence Now that we have a basic understand of RSI, let’s combine with MACD. The MACD is a momentum indicator that shows the relationship between TWO moving averages. BUY AND SELL WHEN THEY CROSS https://s25.postimg.org/4qe0f4nfj/image.png A - Short at A. Close at B B - Long at B. Close at C D – Long D. Close at E E – Short at E. Close at F OmiseGo Example on 3 hour time frame https://s25.postimg.org/89zy50q67/image.png Litecoin 3 hour time frame https://s25.postimg.org/535elgavz/image.png I can’t emphasize how basic of a strategy this is, but how successful it is. Sometimes as traders, we forget about the basics and let our emotions ride us. Stick to the fundamentals, be consistent with your strategy, check your emotions at the door, and understand price doesn’t change instantly will allow you to ride out the shorts and longs just like this. EXPONENTIAL MOVING AVERAGES I use exponential moving averages , 8, 13, 21, and 55, which are tuned to Fibonacci numbers. The general strategy is this: Go Long when the moving averages cross, with the 50 moving average BELOW all the others. Ride the wave until they cross again and the 50 moving average moves to ABOVE the other averages. One will argue “well we should’ve sold it at the very top.” In hind sight, yes it’s easy to say that we we never know when the actual top is. Once more well versed, you can combined the moving averages with the MACD and the RSI to align the stars. Let’s look at Ethereum: https://s25.postimg.org/5so6xv15r/image.png Let’s look at another example of Ethereum. https://s25.postimg.org/rf37f0hrj/image.png And another exmaple of LiteCoin https://s25.postimg.org/nipvj2mi7/image.png What we're looking for are reasons to enter a trade and reasons to exit a trade. The more green lights we have, the more we can rev our engines and let loose. I hope this gave people a quick overview of some general strategies that can be used when trading. The best advice I can give to anyone is to back test your strategies. See if they would've worked on previous setups. Remember to look to the future, we have to first look into the past. I also have tons of video content on youtube. I started a video series of "Starting with $200, turn it to $1,600 in 16 days" Youtube - https://www.youtube.com/user/philakone1 Many more are being created. Please enjoy. Video 1 - Tutorial Part 1 - How to customize and set up Bitfinex https://www.youtube.com/watch?v=ortLTCAL-1A Video 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy https://www.youtube.com/watch?v=WQTu8ed6X1U Video 3 - Tutorial Part 3 - How to use moving averages with strategy like a boss https://youtu.be/JttIpSuYAsA Videos will be released almost daily. I also do tons of Technical Analysis on our favorite coins like OmiseGo, EOS, and more. Some other video series of mine - Daily Technical Analysis on OmiseGo, ETP, IOTA, and more - Starting with $200, how to turn $200 into $1,600 in 16 days. All trades recorded live, narrated. These are educational videos intended to teach how to think through thought-out rationalization. Follow me on Twitter for some awesome play-by-play TA. Twitter - https://twitter.com/PhilakoneCrypto Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: xhomerx10 on October 01, 2017, 11:55:26 PM How'd you get yourself banned on tradingview?
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 02, 2017, 12:44:15 AM How'd you get yourself banned on tradingview? I swore :( Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: xhomerx10 on October 02, 2017, 12:46:33 AM How'd you get yourself banned on tradingview? I swore :( Damn! I didn't know they were so strict. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Bitfort on October 02, 2017, 06:30:46 PM Wow, this is actually a nice understandable explanation. I saw the tube and like it as well... looking fwd to other tubes/guides.
Thanks for sharing your experience. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: DirkDiggler1911 on October 02, 2017, 07:32:18 PM Thank you OP.As I'm new to trading this was exactly what I needed!
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Boseda on October 02, 2017, 08:08:17 PM Wow man, this post is gold for every crypto-trader. You explain lots of things and I also bookmarked your YT channel. Thank you!
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: stikboy on October 02, 2017, 08:22:18 PM Thank you so much! Funny how often it only takes 1 well explained post to make something *click* after perusing 1000 other information sites/posts :)
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Nikosgalis1957 on October 02, 2017, 09:55:52 PM Thank you so much! Funny how often it only takes 1 well explained post to make something *click* after perusing 1000 other information sites/posts :) Exactly, as I'm new to this I'm really kinda overwhelmed with info, and this seems like a good start! Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Eggee on October 02, 2017, 10:24:53 PM Can I just say a huge "thank you" for this thread. Being new to bitcoin and trading it can all be so mind-blowingly difficult! Thank you for breaking it all down. ;)
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 02, 2017, 11:47:43 PM My pleasure. Really it is. Ask as many questions as you'd like. You'll get nothing but patience, respect, and straight forward answers.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 03, 2017, 07:45:00 AM Hi guys. My Day 11 video is up. With careful planning, I'm in a position to profit $400+ in a few days. This video will give tons on insight on how professionals trade, but explained in an easy way to understand.
https://www.youtube.com/watch?v=ZDXg798axOg Here's a continuation of Day 12 where I made $100+ in 20 minutes. Day 12 - starting with $212. profit of $520 total (345% growth) https://youtu.be/0nuNnpDaVfU Please please watch these videos. Especially Day 11 and Day 12. Watch them over and over again until you understand it 100% and can do it yourself (if you can't already). These are LIVE trades that's raw, unedited, and narrated to the max. I haven't seen anything like this as thorough on youtube because no one wants to share their secrets. Afterall, we're all competitors and the mentality is, the more other people know, the less money I can make. That's a really bad attitude because we should all be helping each other. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: marcombo on October 03, 2017, 05:08:27 PM Hi guys. My Day 11 video is up. With careful planning, I'm in a position to profit $400+ in a few days. This video will give tons on insight on how professionals trade, but explained in an easy way to understand. https://www.youtube.com/watch?v=ZDXg798axOg Here's a continuation of Day 12 where I made $100+ in 20 minutes. Day 12 - starting with $212. profit of $520 total (345% growth) https://youtu.be/0nuNnpDaVfU Please please watch these videos. Especially Day 11 and Day 12. Watch them over and over again until you understand it 100% and can do it yourself (if you can't already). These are LIVE trades that's raw, unedited, and narrated to the max. I haven't seen anything like this as thorough on youtube because no one wants to share their secrets. Afterall, we're all competitors and the mentality is, the more other people know, the less money I can make. That's a really bad attitude because we should all be helping each other. Why did you take a break? Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 03, 2017, 05:56:31 PM Hi guys. My Day 11 video is up. With careful planning, I'm in a position to profit $400+ in a few days. This video will give tons on insight on how professionals trade, but explained in an easy way to understand. https://www.youtube.com/watch?v=ZDXg798axOg Here's a continuation of Day 12 where I made $100+ in 20 minutes. Day 12 - starting with $212. profit of $520 total (345% growth) https://youtu.be/0nuNnpDaVfU Please please watch these videos. Especially Day 11 and Day 12. Watch them over and over again until you understand it 100% and can do it yourself (if you can't already). These are LIVE trades that's raw, unedited, and narrated to the max. I haven't seen anything like this as thorough on youtube because no one wants to share their secrets. Afterall, we're all competitors and the mentality is, the more other people know, the less money I can make. That's a really bad attitude because we should all be helping each other. Why did you take a break? I was going to today, but now trading this ABC correction till it ends. Currently up $250 with a principal of only $650 (~ 40%) Which will be in Day 13's video tomorrow. I plan to double that $650 today and get it up to $1,300 if I can stay up longer. Coffee isn't helping. Day 13 video will be 5+ hours long with very detailed and advanced analysis. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: doothewop on October 03, 2017, 05:59:39 PM In March 2016, when Ethereum was $10, I wrote this on the Ethereum Forum, a thread that got 100,000 views: I made a similar recommendation to a friend, and he followed my advice. He made $400k off that. This is a very comprehensive and intelligent post, I'm going to be bookmarking it for reference. Well done, and thanks man Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 04, 2017, 08:08:33 AM Nice. I feel appreciated ;D
Day 13 video is released tomorrow. Started with $650 only, profit of $400 so far. Which is a whomping 62% gain in one day of trading. Please watch the video. All 10 hours of it. I narrate everything in high detail in a way that's informative and helpful as a tutor. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: loragean03 on October 04, 2017, 01:02:57 PM at first look, its very hard to me to understand what is trading and how to predict the graph, I admit that this is my first time to see a graph of coins and how it increase and decrease, so I want to learn more about of prediction on the graph, I really cant understand for now because its my first time to encountered this topics, any ways thanks for this topics OP I really appreciate it and keep up the good job.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 04, 2017, 05:49:53 PM NO ONE does what I do, which is record every single trade, explained and narrated well, with thorough thought process.
Day 13 video out with a whomping total of $550 in ONE day, started with only $650. https://www.youtube.com/watch?v=iYoK9JW3RIk&feature=youtu.be&a= Total Profit over 13 Days - $963 (554% growth) Started With - $212 Total Balance $1175 Come on guys. What you waiting for? Let me show you some stuff you've never seen. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Johannson on October 04, 2017, 06:24:30 PM Wow, you did awesome job here. I read many guides, but your is rlly simple and understandable. I wanna trade for little amounts, but last time i lost 20$ and left this idea ;D Will try again soon ::)
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Actualiteit on October 04, 2017, 06:49:38 PM Nice, motivates me to give myself a challenge like yours! I'll follow this, good luck lad.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: henning166 on October 04, 2017, 09:54:57 PM so I started watching your guides but as a complete noob I have a really hard time understanding what you are doing.
Can you make a tutorial and explain what everything you can see on bitfinex actually means and does? Also how can I customize my bitfinex to look like yours? Also the first video is really... exhausting to watch. I think that really was a little too much weed that evening :D Anyway thank you for your tutorials, they seem very helpful and good once you understood the basics. But without the basics it's really confusing. The most detailed tutorial I've seen. also: could you upload the excel file anywhere? edit: you also might want to reconsider uploading videos where you use an unactivated software. PM me if you need assistance with this. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 05, 2017, 12:30:53 AM so I started watching your guides but as a complete noob I have a really hard time understanding what you are doing. Can you make a tutorial and explain what everything you can see on bitfinex actually means and does? Also how can I customize my bitfinex to look like yours? Also the first video is really... exhausting to watch. I think that really was a little too much weed that evening :D Anyway thank you for your tutorials, they seem very helpful and good once you understood the basics. But without the basics it's really confusing. The most detailed tutorial I've seen. also: could you upload the excel file anywhere? edit: you also might want to reconsider uploading videos where you use an unactivated software. PM me if you need assistance with this. hey glad you're finding it useful. here's a 15 minute video of my setup on bitfinex, explaning what does what in a basic manner. i hope it can help: https://www.youtube.com/watch?v=OjvJiwW7Bms&t=35s Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: btcprospecter on October 05, 2017, 01:02:59 AM A really good guide and very clear the general principles are the same. Good luck and may your profits continue.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Bitfort on October 05, 2017, 07:33:21 AM so I started watching your guides but as a complete noob I have a really hard time understanding what you are doing. Can you make a tutorial and explain what everything you can see on bitfinex actually means and does? Also how can I customize my bitfinex to look like yours? Also the first video is really... exhausting to watch. I think that really was a little too much weed that evening :D Anyway thank you for your tutorials, they seem very helpful and good once you understood the basics. But without the basics it's really confusing. The most detailed tutorial I've seen. also: could you upload the excel file anywhere? edit: you also might want to reconsider uploading videos where you use an unactivated software. PM me if you need assistance with this. hey glad you're finding it useful. here's a 15 minute video of my setup on bitfinex, explaning what does what in a basic manner. i hope it can help: https://www.youtube.com/watch?v=OjvJiwW7Bms&t=35s It kind of helped. But I'm still puzzled what indicators you added to your chart window. https://ibb.co/bWvayw my window looks like this. Have you read the OP? It's all there ... he's using EMAs, RSI and MACD. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Euro1000 on October 05, 2017, 09:09:39 AM I tried several times to get into chart techniques - but this is a good starting point.
Nice job. Thank you for this. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 05, 2017, 10:40:17 AM so I started watching your guides but as a complete noob I have a really hard time understanding what you are doing. Can you make a tutorial and explain what everything you can see on bitfinex actually means and does? Also how can I customize my bitfinex to look like yours? Also the first video is really... exhausting to watch. I think that really was a little too much weed that evening :D Anyway thank you for your tutorials, they seem very helpful and good once you understood the basics. But without the basics it's really confusing. The most detailed tutorial I've seen. also: could you upload the excel file anywhere? edit: you also might want to reconsider uploading videos where you use an unactivated software. PM me if you need assistance with this. hey glad you're finding it useful. here's a 15 minute video of my setup on bitfinex, explaning what does what in a basic manner. i hope it can help: https://www.youtube.com/watch?v=OjvJiwW7Bms&t=35s It kind of helped. But I'm still puzzled what indicators you added to your chart window. https://ibb.co/bWvayw my window looks like this. Don't ever try to malware me again. You're 100% reported. Get the fuck out of my post. DO NOT CLICK ON HIS LINK Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 05, 2017, 11:18:32 AM Day 14 9K of 90 challenge is out. Up a good amount:
https://www.youtube.com/watch?v=a--vss1wvTQ Total Profit over 13 Days - $1,220 (675% growth) Started With - $212 Total Balance $1433 Day 14 Profit - $258. Video's about 3 hours long. Enjoy. 100% win rate over 4 days now, all on youtube and verified in the video. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: MaddieNL on October 05, 2017, 01:48:02 PM Total Profit over 13 Days - $963 (554% growth) Thank you philakone, will be sure to check out your videos and a lot of the advise you have given I can really relate to. However, some of them are nice refreshers and new insights as I have become a little bit rusty. Keep going strong and in the way you do now, seems to work very well. Can't wait to apply and also have similar results.Started With - $212 Total Balance $1175 Come on guys. What you waiting for? Let me show you some stuff you've never seen. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: BTCGOLD on October 10, 2017, 01:56:18 PM https://s25.postimg.org/va6lhhlgv/image.jpg Like 50 Cent said, Get Rich or Die Trading. This guide is for everyone who's ever wanted a basic "how to trade guide" to learn the ropes. Please bump this if you enjoyed it. In March 2016, when Ethereum was $10, I wrote this on the Ethereum Forum, a thread that got 100,000 views: "My advice to everyone is and take it with a grain of salt: You have a chance, a small chance, if you play your cards right, to get filthy rich. For example, there was one year where $100 of litecoin was worth $30,000 AFTER ONE YEAR. What you do now with your ether is up to you. You can horde it and hope (it will.. trust me it will go up so friggen much that it's going to blow your face away) it goes up. You can sell it right away or use the extra capital for trading crypto.. the choice is yours. But just remember that Ethereum is HUGE. This is the biggest thing to happen on the internet in the longest time. How much you believe in Ethereum versus how much time you can afford to wait will determine what you do." https://forum.ethereum.org/discussion/5592/how-to-mine-get-started-fast-and-easy-for-windows-7-detailed-guide The best thing I've ever done in life was TAKE MY OWN ADVICE ABOUT ETHEREUM. Follow me on Youtube for my 9K in 90 Days Challenge starting with $200. Follow me on Twitter and Trading View too! Youtube - https://www.youtube.com/user/philakone1 Twitter - https://twitter.com/PhilakoneCrypto Trading View - https://www.tradingview.com/u/philakone/ Here's the most simple and detailed guide to trading on the internet: I remember two years ago when I first started trading. I was overwhelmed with the information out. So, here is the universal guide for all beginners that is proven to work time and time again. I highly suggest to study risk management, which will be a blog I'll touch briefly on soon. Remember that we’re all in different stages of the game. Some of us just heard about it this year and are now curious because of the allure of making huge profits. While most of us reading this right now are enthusiasts, like myself, who’s constantly striving to learn, improve his kills, rid of arrogance and stubbornness, all for the grand goal of making profit. How can we do this? By sharing ideas and improving the community. Take what we’ve learned and pass it on, while filling our insatiable appetite to devour knowledge and grow further. This is a guide solely intended for new audiences trading Bitcoin, where technology and politics are set aside. These are my experiences and I want to share them. Before I begin, I want to highly emphasize that trading is ruled by fear and greed. If it were easy and only the smartest people were successful, everyone would be doing it. Even the smartest guys lose money. Why? Because this is a game where your emotions MUST be controlled. You MUST exercise discipline, caution, and patience. You MUST make your own decisions, do the research, and perform the technical analysis. Learn the necessary skills emotionally and technically to succeed. The emotional part of trading is not discussed much, but know that it’s just as important as the technical aspect. Stick to a strategy, eat, breathe, and sleep it while checking your emotions at the door. Do NOT panic my crypto friend, we will overcome the learning curve with ease. "Dont predict the market. React to it." - Tim Grittani and Tim Sykes The bulls make money. The bears make money. And the pigs get slaughtered. Do not trust anyone’s advice except your own and put in the hard work. Remember, we’re all competitors at the end of the day and every time a trader profits, another trader loses. Choose your trade platform, set up your screens, pick a few indicators I trade at http://bitfinex.com/ and am a very happy customer. Trading View charts built in. Best charts you can get. Unlimited saves. Clean and customizable platform Margin trading to leverage 3.3X Constant improvements and new coins added High liquidity Can trade /ETH/USD/BTC Visually easy on the eyes I have to admit there’s sometimes lag and orders don’t execute how you want them to, but every exchange has their issues and we can’t expect perfection. Deal with them as best we can and reserve our emotional energy because after all, trading is all about managing our emotions. Here’s my setup on my main screen. https://s25.postimg.org/ytsj7eyi7/image.png Remember that screen space is real estate. You want to have as much as possible in an ideal view to prevent neck and eye strain. My recommendation is at least 2 monitors. Some people may need more, and some less. It just comes down to what you need to monitor and personal preference. My other screens are a bunch of charts in different time frames of other coins, and another for social media/entertainment. The most important things to have is the level 2, which is also known as the order book / trades. This let you see in real time momentum changes and potential walls. Also, you MUST have your order form readily available to execute quick decisions. The time frames you monitor is dependent on what type of trader you are and what time you can allocate. For example, if you have a full time job, day trading on a 5 or 15 minute chart may not be for you as it requires too much time. Though a good choice would be to trade on a daily chart if you can only make a few trades a week. For myself, I’m a day trader so I have 5, 15, and 30 minute charts up usually. Sometimes the 1 minute and 3 minute chart when precisely timing my entries and exits. Be sure to familiarize yourself with all the tools and layout of your exchange. Know what everything is and be one with it. It’s important to ask yourself what kind of trader you want to be. It comes down to do you want to look for new opportunities with new coins or trade high liquidity and market cap coins like bitcoin, ethereum, and litecoin, or maybe a combination of everything. I personally trade Bitcoin, OmiseGo, and Ethereum. These are the 3 coins that take up a large portion of my portfolio. It’s good to familiarize yourself with a few coins only so you can become experts by knowing their pattern and chart history. I don’t waste time looking for ICOs (initial coin offerings, like when a stock goes public, but here a coin) because most of them are scams. Nor do I care about what happens to them 6 months from now because I’m a day trader. INDICATORS - RSI, MACD, Moving Average Now out of a billion indicators to pick, choose a few. There are pros and cons of all indicators. Some swear by some, some swear by others. When you read a large majority of technical analysis, you’ll find most of them reference these indicators. So it’s good to speak this language and also understand what these indicators are, how they’re used, and general strategies. Let’s learn them quickly, but properly. RSI – Relative Strength Index This is a measure of momentum and how much strength it has to go up, sideways, or down. It’s a indication for momentum shift when combined with watching the level 2. Generally speaking, BUT NOT ALWAYS: If the RSI is under 30, it’s OVER SOLD. As it approaches 30, be cautious as a reversal may happen soon to the upside. If the RSI is over 70, it’s OVER BOUGHT. As it approaches 70 and above, be cautious as a reversal may happen soon to the downside. As it flattens out, it loses strength (called convergence) It has to reach a higher RSI than the previous high to have momentum to go higher. And vice versa on the down side. This doesn’t mean it’s always going to bounce off 30 or 70. In my opinion, for a very strong bullish push, it MUST reach the 80s, and for a very strong bearish push, it MUST reach the 20s. Here’s OmiseGo reaching 10 RSI, which is a very strong downtrend. Notice that it was already at 30? Most would “assume” a bounce off it, but always be cautious. https://s25.postimg.org/s3c1y2j33/image.png A general strategy that can be used on a high time frame chart such as 6 Hour on OmiseGo: 1 - buy when the RSI is near 30 and bouncing off it, and sell it when it nears 70 and bounces off it. 2 - short when it’s near 70 and bouncing off it, and buy in when it nears 3- and bounces off it. This alone would actually make you REALLY profitable. Let’s look at OmiseGo over the last month using this strategy alone. Betting that a market is going up is just half of trading! You can also bet on the market going down called shorting. Long means you’re betting it goes up, and short means you’re betting it goes down (margin trading) https://s25.postimg.org/d8ngjcrcf/image.png A – Short at A. Close at B B – Long at B. Close at C C – Short at C. Close at D D – Long at D. Close at E. In hindsight, it’s easy to say we can do this because we see the charts. Though, I must emphasize to look for the flattening out I’ve mentioned and highlighted above. This is called. convergence. This is a very strong indication that the momentum is lost and a reversal is likely to happen. MACD – Moving Average Convergence Divergence Now that we have a basic understand of RSI, let’s combine with MACD. The MACD is a momentum indicator that shows the relationship between TWO moving averages. BUY AND SELL WHEN THEY CROSS https://s25.postimg.org/4qe0f4nfj/image.png A - Short at A. Close at B B - Long at B. Close at C D – Long D. Close at E E – Short at E. Close at F OmiseGo Example on 3 hour time frame https://s25.postimg.org/89zy50q67/image.png Litecoin 3 hour time frame https://s25.postimg.org/535elgavz/image.png I can’t emphasize how basic of a strategy this is, but how successful it is. Sometimes as traders, we forget about the basics and let our emotions ride us. Stick to the fundamentals, be consistent with your strategy, check your emotions at the door, and understand price doesn’t change instantly will allow you to ride out the shorts and longs just like this. EXPONENTIAL MOVING AVERAGES I use exponential moving averages , 8, 13, 21, and 55, which are tuned to Fibonacci numbers. The general strategy is this: Go Long when the moving averages cross, with the 50 moving average BELOW all the others. Ride the wave until they cross again and the 50 moving average moves to ABOVE the other averages. One will argue “well we should’ve sold it at the very top.” In hind sight, yes it’s easy to say that we we never know when the actual top is. Once more well versed, you can combined the moving averages with the MACD and the RSI to align the stars. Let’s look at Ethereum: https://s25.postimg.org/5so6xv15r/image.png Let’s look at another example of Ethereum. https://s25.postimg.org/rf37f0hrj/image.png And another exmaple of LiteCoin https://s25.postimg.org/nipvj2mi7/image.png What we're looking for are reasons to enter a trade and reasons to exit a trade. The more green lights we have, the more we can rev our engines and let loose. I hope this gave people a quick overview of some general strategies that can be used when trading. The best advice I can give to anyone is to back test your strategies. See if they would've worked on previous setups. Remember to look to the future, we have to first look into the past. I also have tons of video content on youtube. I started a video series of "How to make 9K in 90 Days with $200." Please don't hesitate to ask any questions and I'd be more than happy to help. I'll go over my strategy and thought process in high detail, with clear explanations that anyone can understand. A video of all all my trades live will be posted daily. I'm very active on Youtube, Twitter, and Trading view, constantly sharing ideas, so you'd be silly not to subscribe to me! Youtube - https://www.youtube.com/user/philakone1 Awesome playlist of "Basics you need to know before trading:" https://www.youtube.com/watch?v=txWaMpSzHhM&list=PL5brTFluwn1lfPEHC5K9Eb34wrEHJZjt8 Twitter - https://twitter.com/PhilakoneCrypto Trading View - https://www.tradingview.com/u/philakone/ Post any questions here and I'll answer as thoroughly as possible with respect and patience. Well done! I'm impressed that you have spent so much time to help forum members, not just beginners. Congratulations and thank you personally because the material I have read over and is very good. Thank you! Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: WorldEG on October 10, 2017, 03:27:24 PM WOW! Great article!
I should definitely try this. What would be the minimum amount of btc / usd to start with? Thanks! Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 11, 2017, 02:30:27 AM WOW! Great article! I should definitely try this. What would be the minimum amount of btc / usd to start with? Thanks! Glad you found it useful. The amount to start with should be fairly low. During the beginning states of trading, trading a large amount of not recommended. The beginning states should be used as a learning phase and there's no better way to learn than to start small. Expensive lessons don't need to be learned as small amounts will teach the same lesson. I would suggest starting out with maybe $100-$200 and as you can grow that number to a larger amount, start playing playing larger position sizes. What a lot of people do is start with a bigger number like 1000-2000, wiping their account fairly fast. The market has this special way of humbling you. I'd hate to see the market deplete someone's account online. On another note, always be sure to have 2FA protection and whitelists (only specific ip can login or withdraw funds). It's extremely important to protect our accounts as hackers will constantly seek out vulnerabilities. Best of luck. Make sure to check out my YT videos as they provide tons of useful information. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Sp1derWeb on October 11, 2017, 11:57:59 AM Some people are so eager to received and get more while you are so eager to share and give more of what you've learn and experienced. I can say your position is underrated, you must have a "Legendary" under your name! Thanks for the post and more power! 8)
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: bitctrimor1 on October 11, 2017, 12:00:29 PM Thanks for the posting. It has some really good information that would be very helpful for beginners and newbies to the bitcoin trading market. I would surely use all the information provided to open the potential of bitcoin trading, and hopefully, would help me gain profit in the very near future. Thank you.~
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: elliottflz65 on October 11, 2017, 12:04:19 PM Really good post for beginners to expand on this theres free courses out there which teach you forex and spread betting which will help in the crypto trading business too. This should be stickied
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 12, 2017, 01:23:17 AM I'm really glad you're digging it guys.
Here's my summary of NEO in high detail since it was added to Bitfinex. The upvote was be great! https://steemit.com/neo/@philakonecrypto/neo-coin-october-11th-technical-analysis-from-the-big-bang-first-listed-on-bitfinex Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: andys0506 on October 12, 2017, 08:32:46 AM This is great work dude, I am following you eagerly :)
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Svenzyr on October 12, 2017, 10:28:44 PM A nice read. Im a total beginner and im actually just starting my journey in both cryptos and trading.
Will follow on youtube and eventually update this post with my experience and results. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: 3piecechickendinner on October 13, 2017, 04:52:44 AM This forum is the gift that keeps on giving! You sir are the MVP!
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: DiggerMan on October 13, 2017, 06:27:44 AM more and more I read this post, I have think that it is better to trade... mining is easy and need time, trading is quicker ;D but also you can lose in second.
thx one mor time keep us posting, I will follow you 8) Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 18, 2017, 02:51:33 PM bump
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: theone29 on October 19, 2017, 08:31:07 AM Thank you so much for sharing this potentially life-changing info. Do you just trade with the big cap coins? How do you pick your coins? I wish Bittrex can be set up like Bitfinex, Bittrex is really limited. I need to set like a week worth of time to watch all of your trading videos. Thank you so much again.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: donroman88 on October 19, 2017, 01:43:34 PM Easy to understand, the way you explain it is very simple and to the point. Now I feel brighter than I used to. Excellent!
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 20, 2017, 05:23:33 AM Thank you so much for sharing this potentially life-changing info. Do you just trade with the big cap coins? How do you pick your coins? I wish Bittrex can be set up like Bitfinex, Bittrex is really limited. I need to set like a week worth of time to watch all of your trading videos. Thank you so much again. I only trade LTC, NEO, OmiseGo, and XRP as they are a large part of my porftolio. I don't bother looking for new ICO or coins as they take up much time as a day-trader. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: MeRoOo on October 20, 2017, 06:49:33 AM very good read hope it will help me
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 20, 2017, 09:13:51 AM Also feel free to add me to Twitter. I like to answer questions to help out, and I tweet pictures that help people learn! whichever coin I'm trading, I give play by play as I'm trading it.
Such as this. https://s1.postimg.org/5qn5n6vwhr/image.jpg https://s1.postimg.org/2p2vnp5nhr/image.png https://twitter.com/PhilakoneCrypto Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: EliseIhado on October 20, 2017, 06:24:30 PM Thank you OP.As I'm new to trading this was exactly what I needed!
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: rstephan on October 20, 2017, 07:24:27 PM Thank you for the guide... was really helpful to read it and now i know some new stuff!
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: STT on October 21, 2017, 01:44:35 AM In the newbies section but feels like everyone could read this and gain something. Im not confident enough to be trading shorter time frames, I prefer to call a long trend line and have more confidence in that trend being held as significant by the market. I will follow on youtube.
Any opinions on the OBV indicator for direction Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Mike Mayor on October 22, 2017, 07:59:33 AM I strongly disagree with you saying there is a small chance to become rich. I think the chanve is huge. Massive infact. People just need to want tmit badly enough. People who give u or thank it's easy don't deserve anything. Only hardwork and determination will make you successful. There is an opportunity staring us all in the face. Who will rise up and what will fall? I'm not falling behind. I'm already riding the crypto ship to wealth. I believe in myself I was self taught and I'm doing very well. Crypto is what in good at. I can see myself doing nothing else. Nothing else makes me happy and to he drank I'm not good at anything else besides business and making money.
Viva crypto Viva!! My life for crypto. If you not willing to die for it then you will never get it. I will get rich or I lytrally will die trying. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: KryptoRene on October 22, 2017, 08:56:29 AM Thanks for a very useful and interesting guide! Appreciate that you are helping us beginners getting started with crypto.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Kkaos on October 22, 2017, 11:50:09 AM Thanks for the comprehensive guide. :) I would suggest to new traders to test their strategy with historical data to see how successful it can be.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 24, 2017, 03:02:06 AM glad to help always.
for those following me on twitter, congratulations on OmiseGo. You just made a fortune. definitely give me a shout guys. my tweets have helped lots of people and I hope to help you too. https://twitter.com/PhilakoneCrypto/ https://s1.postimg.org/2djkownp7z/image.jpg https://s1.postimg.org/77l6z776sv/image.png Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: irvinwelsh on October 24, 2017, 11:00:57 AM Really cool !!!
Thanks to the topic starter for such useful information. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: andys0506 on October 24, 2017, 03:39:13 PM Hey man where's the latest videos? Did you get wiped out?
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 25, 2017, 01:15:22 AM Hey man where's the latest videos? Did you get wiped out? Haha no. :) full-time (and good) traders don't get wiped out who do this for a living. Read description of Day 16 video: time versus money as I trade on a very large account as well and making those videos cost me quite a bit to trade on small accounts. Also xmas is coming up :) papa needs lots of toys and xmas presents. I also tweet much more now to directly help people in real time with play-by-play analysis on every trade I make. So my time has been allocated for the time being. I also got bored to be honest. It's not as fun scalping as one would think and it's the same thing over and over until you hit 9. There's lots of opportunity for some massive profits right now with large accounts and longer-hold positions. feel free to follow me on twitter to see some of my content. it's unlike any other twitter. https://twitter.com/PhilakoneCrypto Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Hunt_777 on October 26, 2017, 10:35:24 AM Thank very much for your very helpful informations and guide sir. I really appreacite it and will use it when I start my trading...
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 26, 2017, 12:45:40 PM An article you guys may enjoy:
"The Harsh Reality of Trading" https://steemit.com/trading/@philakonecrypto/the-trader-life-the-difference-between-success-and-failure-a-harsh-reality Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Moz90 on October 26, 2017, 02:00:29 PM Excellent guide for newbs. I do use macd and bitfinex but bitfinex indicators do lag quite often
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Topkek on October 26, 2017, 02:09:38 PM Good job OP, very nice
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: phillza on October 27, 2017, 05:56:42 AM Very helpful guide. I was using all the indicators seperatly but now I will try to use them all together. Thanks for explaining the moving averages as well
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Jltan on October 27, 2017, 06:30:41 AM Wow you are awesome! This was what I spent $100 on going to a basic-intermediate crash course and they were not even as detailed ..
Good job and thank you Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: mashort on October 27, 2017, 08:10:27 AM i'm not a crypto trader but this is a gem, i just buy and hold but i know someone who would appreciate this very much. i don't know how to tag someone here on Bitcointalk to bring attention to them.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: elisaHolz on October 27, 2017, 11:42:56 PM I like the guide!
I registered it today but I have read it since you posted it, thanks for making this effort! Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: waniowski on October 28, 2017, 07:00:27 PM very good guide, clearly and understandably explained, i can already feel this desire to start trading.. who knows..
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 29, 2017, 07:16:44 PM I'm the OP posting. My technical analysis, you guys will learn SOO MUCH! I go over so much in detail and I guarantee you'll learn more from my videos than any where else! Just wanting to help the community!! Love to educate :) Born to teach.
Here's my latest one on ETP: https://youtu.be/yCJ7rsOdq_M Follow me on Twitter for some awesome play-by-play TA. Twitter - https://twitter.com/PhilakoneCrypto See my YouTube series for beginners: Starting $200, $1,600 in 16 Days: https://www.youtube.com/watch?v=94-BD6GaRGM&list=PL5brTFluwn1nA2wNJ5is4PFwnhcmdF9t2 See my beginner guides that everyone should read: https://steemit.com/trading/@philakonecrypto/50-cent-get-rich-or-die-trading-the-ultimate-beginners-guide https://steemit.com/trading/@philakonecrypto/the-trader-life-the-difference-between-success-and-failure-a-harsh-reality I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: cryptolit on October 30, 2017, 04:03:17 PM Thank you OP! This is amazing.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: EMS-007 on October 30, 2017, 09:53:58 PM I don't know anything about trading but seems this post is like a pot of gold! ;)
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Cordillera on October 30, 2017, 11:09:49 PM great job you did well. this is very helpful and informative guide newbie friendly i would love to read this again and again trying to analyse more
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: iEARNnLEARN05 on October 31, 2017, 06:52:51 AM This is cool :o i have learned a lot. Thanks for the tutorial it's a great tips for me.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on October 31, 2017, 09:53:08 AM https://www.youtube.com/watch?v=7-cvNpOvFQg
October 31st TA is out. Really hot coin. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Frollama on October 31, 2017, 12:33:08 PM Good job very helpful I will save this post a study as much as posible thank you OP
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: johnstexas on October 31, 2017, 07:07:34 PM What exchanges can you use in US for margin trading?
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: johnstexas on October 31, 2017, 10:34:12 PM Another question, how do I add fiat to Bitfinex? Can it be done or do I need to buy Bitcoin elsewhere and transfer it to Bitfinex?
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: kiloHz on November 02, 2017, 07:10:08 PM I have one concern: we have been told not to use margin trading as beginners... And this is beginner guide. Where is da truth?!
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on November 02, 2017, 09:56:10 PM https://twitter.com/PhilakoneCrypto
Much easier to get a hold of me on twitter! I post some awesome content and tutorial videos! Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on November 05, 2017, 03:45:07 PM Quick video on how to set up and customize bitfinex:
https://www.youtube.com/watch?v=ortLTCAL-1A Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: trepano on November 05, 2017, 04:44:49 PM How do you guys deal with your emotions during trading? Intellectually I get how to trade, but when the motions kick in, how do you manage to stay focused without making mistakes?
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Silberman on November 05, 2017, 07:46:11 PM This is probably one of the most complete guides that I have seen for newbies about the mechanics of trading and I like the fact that you make an appeal to control our emotions, most people begin to trade thinking they are going to be rich by just buying a coin and then holding it for a long time but unless you have a strong reason to buy you should not do it, I have not watched your youtube channel but I’m going to do it in this week since I’m sure it has great quality like your OP.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on November 06, 2017, 03:14:57 PM Many more are being created. Please enjoy.
Video 1 - Tutorial Part 1 - How to customize and set up Bitfinex https://www.youtube.com/watch?v=ortLTCAL-1A Video 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy https://www.youtube.com/watch?v=WQTu8ed6X1U Videos will be released almost daily. I also do tons of Technical Analysis on our favorite coins like OmiseGo, EOS, and more. Some other video series of mine - Daily Technical Analysis on OmiseGo, ETP, IOTA, and more - Starting with $200, how to turn $200 into $1,600 in 16 days. All trades recorded live, narrated. These are educational videos intended to teach how to think through thought-out rationalization. Follow me on Twitter for some awesome play-by-play TA. Twitter - https://twitter.com/PhilakoneCrypto Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: coinsontheroad on November 07, 2017, 02:44:56 PM Thank you so much for offering this help to the community. I've been trading for about 3 months now and have gone through many youtube and google articles. I just discovered this thread so I will start your youtube videos today.
Question: How do time periods come into play in making decisions to enter trades. I look at everything from 5 minutes to 4 hours. What is the best time period to use to figure out an entry point? Thank you. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: azhariejaya on November 08, 2017, 05:44:43 AM thank you very much sir for this ultimate trading guide for beginner, i have subscribed your youtube channel and as a new trader i'll learn much from your video. hope i will get much profit someday after learn this guide ;D
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: coinsontheroad on November 08, 2017, 02:39:52 PM I feel like every time I learn something new about TA I am much more confident in my trading strategy and possibility of success.
You're video on candlesticks was highly informative and has given me a new tool to use in trading. Thank you again! Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on November 09, 2017, 06:25:17 PM Many more are being created. Please enjoy.
Video 1 - Tutorial Part 1 - How to customize and set up Bitfinex https://www.youtube.com/watch?v=ortLTCAL-1A Video 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy https://www.youtube.com/watch?v=WQTu8ed6X1U Video 3 - Tutorial Part 3 - How to use moving averages with strategy like a boss https://youtu.be/JttIpSuYAsA Videos will be released almost daily. I also do tons of Technical Analysis on our favorite coins like OmiseGo, EOS, and more. Some other video series of mine - Daily Technical Analysis on OmiseGo, ETP, IOTA, and more - Starting with $200, how to turn $200 into $1,600 in 16 days. All trades recorded live, narrated. These are educational videos intended to teach how to think through thought-out rationalization. Follow me on Twitter for some awesome play-by-play TA. Twitter - https://twitter.com/PhilakoneCrypto Get inside my brain guys. I have all the material to help you all succeed. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on November 10, 2017, 03:57:14 PM Iota Nov 10 Technical Analysis and Price Forecast, Elliot Wave and Trend Line
https://youtu.be/ClFUrqaQtBs What makes me different than most TA you'll see, is the depth I describe everything and how much you may take away from the analysis. Give it a shot. I do TA on lots of coins every day while explaining in great detail. What makes my TA different is I explain everything in full detail for beginners and advanced traders. It's important to share what we think and pass it on. Be open-minded. Constructive criticism is appreciated in a positive way, though negativity, hatred, and rants, aren't healthy in life. I cover in detail technical analysis, Elliot Wave, with price forecast and especially risk management. Follow me on Twitter for some awesome play-by-play TA. Subscribe to me on YouTube! Twitter - https://twitter.com/PhilakoneCrypto Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: goodoboy on November 10, 2017, 05:45:29 PM Thank you so much philakone for your hard work and taking the time and effort to help us newbies get a decent start.
The most important thing you said was back test whatever strategy you want to use, sim, then live. I currently been sim trading BTCUSD, but would like to add 2 more markets for study incase one is too choppy or stale May I please have some help as I am bit new to cryptocurrency market, but not new to TA study? Questions please: 1. Do you use Bitfinex as your chart analysis and broker as well to day trade all 3 coins? 2. For now, I work a full time job, and I use MT4 mobile (at work to watch the charts every hour or so) and desktop app (at home) with SimpleFx as my broker. What timeframe do you recommend for my case? I was thinking of just watching the 1 hour chart once per hour for long buy and sell swing trades. 3. What stop loss do you recommend if starting with $200 - $300? 4. Do you have a video on how to increase lots size as account balance increase? 5. Do you recommend trading with coins or just deposit cash in the account? Like you, I don't care about buy and hold forever. 6. I plan to manual back test a few methods over the weekend. Do you have a spreadsheet you use to determine if a strategy is profitable? 7. Do you back test by or some type of market replay software? 8. After backtesting, how do you make the decision if a strategy is profitable, decent drawdown, or worth going sim/live with? 9. How many trades do you use to have statistically confidence in a method? 9. Do you know of app that can alert when EMA crossover occurs? 10. What are you thoughts on programming and backtesting a bot for testing ideas? Thank you kindly for help Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: flowpify on November 10, 2017, 06:05:13 PM Thank you so much, this guide is pure gold! Couldn't have dreamed of something better!
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on November 10, 2017, 07:44:26 PM https://steemit.com/bitcoin/@philakonecrypto/bitcoin-cash-bch-november-10-technical-analysis-targeting-usd1-073-plus
Bitcoin Cash Analysis Target $1073!! Check out why! <3 you all. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Shishir99 on November 10, 2017, 07:57:50 PM I think it will be very helpful for a new trader.
Everyone will get these techniques of technical analysis on yotube but the most important part is controlling emotions. Which is very easy to say but very hard to do in real. So new trader or everyone have to control emotions specifically to say greediness. Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: fishfishfish313 on November 12, 2017, 06:05:22 AM Wow. What a great post. Thanks for this.
I trade every day, but sometimes I over complicate it. I have bookmarked this to come back to whenever I start to feel, "lost" These are awesome strategies that anyone can employ to make money by trading. And not just crypto either. That's the cool thing about it. It's time to put the lines back on my MACD indicator. I was using MACD primarily to find divergences, but I lost track of just how important the lines are, especially when they cross. I came across this from a post you did on the BCH ANN. Spot on TA! Cheers! Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: illusioNiZt on November 12, 2017, 07:04:22 AM Very detailed and nice guide for beginners will follow and subscribe you, nice tutorials and really useful content.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Hunt_777 on November 13, 2017, 01:27:38 PM https://steemit.com/bitcoin/@philakonecrypto/bitcoin-cash-bch-november-10-technical-analysis-targeting-usd1-073-plus Bitcoin Cash Analysis Target $1073!! Check out why! <3 you all. Wow man, You really hit it. How did you do that? Hope I have same brain with you man. I'm sure, you partying now... Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: johnstexas on November 13, 2017, 11:02:27 PM https://twitter.com/PhilakoneCrypto/status/930152314001911808
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: goodoboy on November 17, 2017, 04:09:12 PM The best advice I can give to anyone is to back test your strategies. See if they would've worked on previous setups. Thank you, What is your : 1. Method for back testing a strategy? 2. How many trades do you backtest? 3. What profitability stats do you recommend to calculate to show the odds of strategy being profitability in the future? Thanks Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Xfactor06 on November 20, 2017, 10:51:38 AM Very helpful thread, as a newbie its really hard for us to dive into this kind of activities. I'm doing this as part-time but as soon as i'll more from your videos i'll be thinking if i will go fulltime.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Jesper30 on November 22, 2017, 04:32:47 PM Very helpful guide, thanks a lot! But your article about the mindset https://steemit.com/trading/@philakonecrypto/the-trader-life-the-difference-between-success-and-failure-a-harsh-reality (https://steemit.com/trading/@philakonecrypto/the-trader-life-the-difference-between-success-and-failure-a-harsh-reality) is more valuable for me.
I'll start trading in April next year, until then I like to watch your channel. I wish you a lot of fun an success! Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: philakone on November 23, 2017, 09:42:28 PM Tutorial Part 1 - How to customize and set up Bitfinex
Tutorial Part 2 - How to Analyze Candlesticks Charts with Strategy Tutorial Part 3 - How to Use Moving Average with Strategy Tutorial Part 4 - Let's Learn Relative Strength Index RSI with Advanced Strategy Tutorial Part 5 - Let's Learn MACD and Histogram Tutorial Part 6 -Let's Learn Margin Trading - Bitfinex Trading Crypto - Long, Short, Leveraging Tutorial Part 7 - Let's Learn Basic Risk Management Tutorial Part 8 - Let's Learn Fibonacci Retracement Part 1 Tutorial Part 9 Let's Learn Fibonacci Extension Part 2 https://www.youtube.com/playlist?list=PL5brTFluwn1nV0uuSZQtEIKjdb1wuzr0s If you enjoyed this video, please like, subscribe, follow, share, upvote, on YouTube, Twitter, Steemit. If you specially liked it, please donate Tequila to Luna's cryptocurrency fund. Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time. Twitter - https://twitter.com/PhilakoneCrypto https://www.youtube.com/user/philakone1 Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Aigan on November 25, 2017, 02:45:55 PM This thread really helps, for beginners in cryptotrading like myself. Bookmarked this thread.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: CryptoConnoisseur on November 25, 2017, 11:37:36 PM Thanks OP for the guide really enjoyed it and it gave some great insight nice videos too their really informative I had to sub
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Paecga129 on November 25, 2017, 11:46:52 PM Tutorial Part 1 - How to customize and set up Bitfinex Tutorial Part 2 - How to Analyze Candlesticks Charts with Strategy Tutorial Part 3 - How to Use Moving Average with Strategy Tutorial Part 4 - Let's Learn Relative Strength Index RSI with Advanced Strategy Tutorial Part 5 - Let's Learn MACD and Histogram Tutorial Part 6 -Let's Learn Margin Trading - Bitfinex Trading Crypto - Long, Short, Leveraging Tutorial Part 7 - Let's Learn Basic Risk Management Tutorial Part 8 - Let's Learn Fibonacci Retracement Part 1 Tutorial Part 9 Let's Learn Fibonacci Extension Part 2 https://www.youtube.com/playlist?list=PL5brTFluwn1nV0uuSZQtEIKjdb1wuzr0s If you enjoyed this video, please like, subscribe, follow, share, upvote, on YouTube, Twitter, Steemit. If you specially liked it, please donate Tequila to Luna's cryptocurrency fund. Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time. Twitter - https://twitter.com/PhilakoneCrypto https://www.youtube.com/user/philakone1 What can I say? Amazing stuff and it is great that people like you are trying to help others learn how to trade and not just steal their/our money, because I am sure you could if that is what you only wanted to do. :) Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Mi5h0 on November 28, 2017, 05:38:12 PM Great job! Good resource for beginners.
Thanks for sharing! ;D Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: bitcoinfan421 on January 30, 2018, 10:39:16 PM Wow, even coming across this so many months later, this is the most solid guide to the fundamentals of technical indicators.
50 CENT ::) Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: bobq on January 31, 2018, 12:41:23 AM This is truly an excellent guide for a beginner in trading. Very useful in this crypto-space, where many people enthusiastically jump into the exhchanges full of coins and with no theoretic preparation and they end up being systematically slaughtered.
I was happy to give you one merit, you would deserve more but because of the merit system today I didn't rank up to Hero as I should have, and so I don't have too many sMerits :) Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: konencharles on February 02, 2018, 11:24:51 PM Omg bros 50 Cent it's ever involved in crypto scene, i found this article @ spanish web about bitcoin & crypto news . interesting newbie site !!
http://noticiasbitcoin.io/2018/01/27/50-sale-a-flote-en-sus-periplos-judiciales-con-bitcoin/ My best hopes and wishes to 50 in this case. :o :o :o :o :o :o :o :o Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: Qwantoom on February 03, 2018, 03:04:43 AM Oh God! So much technicality here. I think I'll just stick to news and announcement.
Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: diohrvik on February 08, 2018, 02:24:14 PM Is it just for me the pictures dont work?
Any solution? Title: Re: 50 Cent - Get Rich or Die Trading - The Ultimate Beginners Guide Post by: CryptoMobster on March 13, 2018, 12:54:25 AM This is amazing. Going through the videos but these images help so much too
|
