Congratulations, You made a huge profit, so it's better to quite the job. But not everyone is good at trade like you so I am not in leaving the job side. I will be waiting to see some of your trading technique here! 12 BTC profit I can't even dream! Good job, mate!
with 12 btc you can establish your own business in addition to trading. but that is my dream if I get lucky like you. and leaving work is the best way, because no matter how small we set up a business, we are still the boss My logic is, if you can make 12 btc through trading, why you still need to open other bussiness? Just stick with your trading strategy and keep improve your skills rather than open another bussiness which you can't make sure you can make profit from that The idea is that business brings also risks and troubles. Also losses. It is interesting as well to realize yourself in it, but trading gives you more freedom and absence of some not very pleasant moments typical of business, spesifically at the first its stages |
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can someone tell me how to set a stop loss ?
or is there any article/thread that explained stop loss with easy to understand
Here are general advices on stop loss setting https://twitter.com/MarkRobTrades/status/1141351767868870656Try to make you risk-reward ratio 2:1 or more (proven by time) If you need more detailed explanations, I will make a post later  thank you, i hope you can explained it more like giving a screenshot of your example stop-loss order so we will have an idea to figure out how to set a stop-loss in a right way. I'm gladly waiting for your post anyway and don't forget to share the link of it  Above you can find an illustration of stop-loss setting 2:1 is a good profit-loss ratio, but consider volatility and overall movement of the price Hope that would be useful for you! |
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ETH is still indecisive. Here is a simple illustration of how to set stop-losses  |
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ETH is still indecisive. Here is a simple illustration of how to set stop-losses |
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TRON is increasing gradually. Already bought some corn to watch the next beautiful movements and increase the position.
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Question for you, and I know you're a trader and not an economist, but I actually seem to be hearing a lot from my circles about this, and they're all (at least claim to be) Bitcoin traders.
Do you side with the Modern Money Theorists (MMT) or the Austrian School Debate?
And does that affect how you trade or do underlying economic beliefs have nothing to do with your trading principles?
Well, that’s quite an interesting question. To tell the truth, I’m not really a theory man. I’m rather about practice, and my view of the market is built on understanding what is going on behind (people psychology, huge players, I feel the phases of the market and so on). That is why these theories are a bit far from by trades themselves. However, these theories are a good thing to think of and to broaden the mind. Sometimes it may help to understand the market, which is definitely used in trading (probably not directly) As for MMT and Austrian theory, I’d say that they both these strike me as incomplete. MMT is rich in government management explanations, but still, lack some issues on the consumers’ behavior (like why they accumulate currency beyond their potential needs to extinguish tax obligations). At the same time, Mises has not enough arguments about the governmental means to control the money. Interesting ideas, but we need to think broader and combine. Imho |
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ETH price analysis Hope for the best  |
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This is so sad, leverage is good because it may result to huge profits but 100x leverage is too much for me, I didn’t think someone can really do 100x leverage. Based on what I noticed, no one has ever done 100x leverage, 50:1 is the maximum that I know and it is very seldom to have traders go with 50x because it is very risky because if you don’t make the right decision then you will lose 50x as well. But this one is something, he is so brave to go with 100x but sad to say it didn’t pay off, it only cost his life. Therefore, if you want to take advantage of margin trading don’t go overboard and think it over in over because entering and be ready for the consequences.
Yes... But that's a sort of double-edged sword |
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ETH price analysis Hope for the best |
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ETH crossed 300 moving in a confident upwards range. Finally.  |
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ETH crossed 300 moving in a confident upwards range. Finally. |
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Long-awaited movement. Great weekend indeed! Was in $BTC long for some days, increased the position. Feel excited  |
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can someone tell me how to set a stop loss ?
or is there any article/thread that explained stop loss with easy to understand
Here are general advices on stop loss setting https://twitter.com/MarkRobTrades/status/1141351767868870656Try to make you risk-reward ratio 2:1 or more (proven by time) If you need more detailed explanations, I will make a post later |
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Long-awaited movement. Great weekend indeed! Was in $BTC long for some days, increased the position. Feel excited |
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Tonight's pattern. Almost perfect one  Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTradesOps. It was surpassed already. Important update: bitcoin reached 9500 dollars already. Does bitcoin continue to grow or it will become exhaust when it hits 10K dollars? I hope there will be a good and strong support at 10K level so that, we can expect it to cross again the next resistance level. Cherish the moment guys! Yeah, that's the trade I've made before that rally You're good at progections! |
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I have followed you on twitter and hope to get more of your share. I see you use map analysis and charting methods to predict movement trends. I wonder if this is a more accurate method? I am worried that the analytical methods do not produce as many good results as I want.
Hope that will be useful for you! What can make the result better is a well developed trading system - tech analysis, risk and money management + psychology of the trader. The analysis is a good idea for overall price understanding. |
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I have read that article where a Chinese person who had 2000 BTC portfolio, lost everything. I was shocked and at the same time weirded out with the happenings because a professional trader wouldn't let that happen. He should know the risk of margin trading. The x100 leverage wouldn't be friendly even in a small way. It's a matter of the fact that you should know how much you have and how much are you risking.
It's all about the mental state that you should have. I know that losses are pretty hard to take in but if you practiced it and understood what you are doing, you could recover all the losses that you have.
REMEMBER that it's both strong in gains as well as losses. It's like a double-edged sword; it is up to you on how you would wield it. Take cautionary steps. And you might save yourself the right trades and see your portfolio grow.
Indeed. These are the equal parts of trading and you should be able to be strong in both cases |
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In some situations losses are unavoidable. I think margin trading is for professional traders only. I, as an amateur, stay away from it.
I suppose losses are an integral part of any trading strategy |
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One more strong ETH movement. Enter on 3rt touch  |
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Some trend techniques explained of today's $BTC trade.  Btw, somу trend trading rules1) Take your time. Never try to make projections based on nothing. Wait the trend to start and jump in it. Never increase the position which would be opposite to the trend. 2) Keep the balance between patience and speed. Wait for right moments and then act quickly. 3) After you closed the position look for a new one. Do not forget to analyze. 4) Pay attention to breakouts. Great moments to enter 5) Look for the market carefully, using different timeframes. This way you see the whole picture 6) It is better not to go “all in”. Use pyramid trading 7) Having a trending market, try to catch the third touch of the trend. This way the movement would be confident Feel free to add! |
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