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Greetings to everyone in the space.
I have been following a lot of crypto analysts and have become very interested in doing this for myself. I have learned quite a bit about chart patterns and indicators by watching them and reading whatever related material I can come across.
What is truly frustrating though, is how these analysts never seem to disclose how exactly they know what points to enter, exit, what leverage to use, what range place a stop loss and what is a reasonable profit target. Additionally, I’m not sure how to analyze charts by timeframes ie 1 hour, 4 hour, daily, weekly.
My goal is to be able to do this semi full time. Actually, to start I'm just trying to make back what I lost following a so called "pro trader" (full tragic story here https://forflieslies.wordpress.com/2018/10/09/the-truth-about-forflies-sami-loyal/) I am not aiming to become a millionaire with this endeavor, just to make modest yet steady income like so many these days are doing. Can any of you experienced individuals guide me in the direction of some material that can eventually show me how to do this step by step? I have found that information unreasonably hard to come by.
Thank you for any advise you are willing to lend me
That is why the idea of learning should always be paramount to every individual. You cannot know how they know what points to enter, exit, what leverage to use, what range place a stop loss and what is a reasonable profit target as long as you have no single idea or knowledge on some of these things yourself in the basic line of trading. I have been following a lot of crypto analysts and have become very interested in doing this for myself. I have learned quite a bit about chart patterns and indicators by watching them and reading whatever related material I can come across.
What is truly frustrating though, is how these analysts never seem to disclose how exactly they know what points to enter, exit, what leverage to use, what range place a stop loss and what is a reasonable profit target. Additionally, I’m not sure how to analyze charts by timeframes ie 1 hour, 4 hour, daily, weekly.
My goal is to be able to do this semi full time. Actually, to start I'm just trying to make back what I lost following a so called "pro trader" (full tragic story here https://forflieslies.wordpress.com/2018/10/09/the-truth-about-forflies-sami-loyal/) I am not aiming to become a millionaire with this endeavor, just to make modest yet steady income like so many these days are doing. Can any of you experienced individuals guide me in the direction of some material that can eventually show me how to do this step by step? I have found that information unreasonably hard to come by.
Thank you for any advise you are willing to lend me
Learning is not something you just get to do in a short period of time, it is something that has to do with patience and how ready you are to it, which most times, a lot of people are always in haste. Everyone's strategy is always going to be different in most cases, so you really do need to learn as much as possible to be able to get the best from trading and make decisions yourself.
I'm feeling like I didn't make myself entirely clear at this point, although I'm not certain how to edit my original post in order to clarify.
I'm not looking to learn in a short period of time. I'm not looking to get rich overnight. I simply want to know where to find the materials to where I can learn how to properly use indicators and learn how to identify and exploit chart patterns such as bullish/bearish pennants, flags, triple tops/bottoms, eliot waves, fib retracement lines, etcetera. So many people seem so familiar with all of this information, yet not a one seems to want to disclose where/how they learned it.
