Hey. I'm Mark. Shortly about myself: quit my major job to earn my way by trading and it exceeded my expectations. What I got from it that everything is possible, guys.
Here will be the deals I make, some of the stuff to continue the learning curve and anything I found interesting to share with you.
Disclaimer: None of this is financial advice, do your own research, share and earn.
[ 12 years in trading, 4 years in crypto trading ]
Here's one of them:
Each deal is a piece of art
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTradesAfter some backtesting I realized that sometimes works and sometimes doesn't but is not that easy to make it profitable. How do you discriminate when to enter and when not to enter the trade? What is your exit?
Hello!
May you please clarify what exactly were you testing?
It's not that easy at all indeed. But it all is possible.
When I see a setup I use (I determine this before starting trading), I enter. But put strict limits on each position (risk-reward ratio, appropriate position size, stop losses). When I enter a position which does not comply with my trading plan (just because I decided to grab som eprofits and consider the position to be promising), I often move my stops to breakeven.
When I lose, or feel that the position will bring be a loss or nothing, I close it and look immediately for new opportunities. By the way, when the position is pointless, I close it too to use the money in a more promosing position.
Something like that. Cheers!
As for price action pattern at the chart (actually any pattern), there is no pattern which always works. But you can manage your profits and losses.
While entering every time when there is a DBHLC has negative expectancy in Bitcoin and Ethereum, I realized that if you do that while in a bear trend and keeping a small RRR it is profitable in the 1H timeframe. I was curious if you backtested it and you know if it only works well on a certain timeframe or in a trend market or given a correct exit. For what I feel about your trading style you have some rules but you are not very strict, instead you are using your gutfeeling, and I'm not saying that is a bad thing at all.
Cheers!
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