Hello,

The world of stock market is not only Wallstreet, Forex etc anymore.
Crypto currencies can give huge profits because the market is much more volatile than the traditional stock markets.

In option to choose the timeframe while trading is very useful. Especially when used with stochastic rsi and the right timeframe-setting. Bollanger band can also be a handy tool added as an extra overview of price calculation.
There is not 1 time frame that works on every coin with the same profit result. The results are also dependent on the market trends while trading.

When you match the stochastic rsi with the right timeframe it is very easy to see when to buy and when to sell. You have to experiment with the right timeframe to see what settings work best.

How to know what settings to use?
I'd say, look at the most recent past of the stochastic rsi movements and think is terms of probability. If you see that with a certain setting the rsi movements match the lows and highs 90%, you have a 90% probability of succes in your trade. 

Work with percentages.
You have to be in control of your trade, not the other way around.
Set a stop-loss at the a centain percentage you want at its minimum value.
Set the stop loss higher if the price reaches higher than you expected. Keep adjusting the stop loss as the coin grows higher when there is an uptrend peak so you can go for the maximum.

Use the following tools to calculate percentages.
For example, a currency is 0,0863, how much is an added 5% of this?

Percentage calculators >
1: http://www.percentagecalculator.co/Add-Subtract-Percentage.html
2: https://percentagecalculator.net

Make a schedule and calculate your growth, be in control.
If you start with (...) dollar, how much will this be if I have 35 winning trades?

Here's the tool to calculate easy.
https://www.miniwebtool.com/compound-growth-calculator/?n1=10&n2=1&n3=3&n4=
Explanation tool:
- Initial value: your trading budget
- number of periods: the number of trades you want to calculate.
- compound growth rate: The percentage you want are aiming for with each trade.


I experimented with the stochastic rsi and looked at the past, and if you look long enough you'll find a coin on which you can apply the above perfectly and sometimes have over 20% a trade,  a trade that takes maybe a couple of hours or maybe 1 day.

If the timeframe is set more than 1- 2-, and 5 minute the reliability is bigger.

What do you think about this, what do you do and how much do you profit from it in terms of %?

Hello,

I read several articles that say that Bitcoin Futures was the reason bitcoin went skyrocket.
31st of January was a Bitcoin futures trading. Here's the link. The trade of 31st january is not on this website anymore because it's already over.

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html

I heard several stories of Big Guys (whales) that make a bet on these Futures-tradings.
They are making a bet if the price goes up or down.
Probably they made a bet on the price going downward.

We have to understand that Bitcoin went skyrocket because of the BIG guys with BIG money.
The traders participating in Bitcoin Futures are BIG.
They can make,  or break the market.

The rest of the unexperienced traders are selling because of impatience and fear of loss.

If you look at the schedule in the link provided you'll see that there are several settlements. So we have to wait till the End of february I guess.

Hi,

Next to reading bases, how important is it in your opinion to read candles and know their meaning?

Wat kan je doen als de overheid bepaald dat bitcoin bla bla bla niet toegestaan is.

Hoe zit het dan met het kopen van ICO's dat soort zaken?

Is het nog te doen dan?

Hi Guys,

When daytrading Ethereum, do you think a profit of 5% will be possible?

What's the maximum percencentage per day in terms of profit?
More than 5%?

Love to see your opinions.
Cheers

"it may be 3% or 30%, it's always better to earn a profit than a loss, say goodbye to ms. and mr. Greed''

This topic is written to help other people who are still finding their way to profittable Day-Trading.

There are so many tools out there on the exchanges and a lot of them read movements of the currencies spiraling up and down their trends.
This topic is about reading bases. Reading bases is not something you can see in the tools. Forget the tools and base from the charts.

When a price goes up, the moment it falls back down to its lowest peak and goes up again...
That lowest peak is a base.

On an Ethereum chart for example it's very easy to draw bases and to trade on them. This also works with any other chart, unless your chart behaves like a drunken monkey, this should work.

Here's how to do it:

Zoom out in the trading chart.
Spot your first base,use the line tool and draw a horizontal line from that base all the way to the right and all the way to the left.
Examine the line you draw by scrolling back and forward in the charts and see if the line connects to other bases.
If you see other bases on a different height use your line tool and draw the same line as mention before.

How to trade?

Divide you chart in 3 sections horizonally by identifiying the highest point of the currency value and, the lowest point of the currency and the middle of the currency value that you see in the chart.
Trade in Low, High, and Middle and draw 3 lines.
In between the Low and the Middle and the Middle and the High you can spot more bases, draw lines and connect the bases horizontally.

Step 2:
On which lines do you see the most bases in the Higher section of the chart?
Do this same step for the middle and lower section.

Set an alarm when the currency chart almost reaches your base. ( if you don't have an alarm find one, if you can't find one, keep an eye on the chart every now and then.
Look how the chart moves from the Base in real time. Does it go up or down?
When price goes up buy at the base, look at your middle and higher bases you've drawn in the steps before. Identify the values of the bases that occur most on 1line (step 2). Sell at that values, or a little below (to make sure the currency in the chart touches the bases).
If price goes down, sell and wait untill the first base is created, buy at the base, sell higher and with the next base.

Sell at different currency values in 1 trade. Buy at different currency values in 1 trade.


Remember:
Even if you sold at middle price and price peaked afterwards, a profit is a profit. Play safe. When a currency value goes down, it always has to come back at a base, same way when a currency goes up.

When a currency value goes up and never comes back to the base (price inflation) you always have a profit.
When a currency goes down down and never comes back to the base you also have profits because you sold at the base and can buy more when the price is down.

Patience is the key, work in langer timelines. 1 hour, 2 hours or maybe 20 seconds.
Trading can become frustrated because of time. Many trader make decisions that lead to a loss because of impatience. Set you sell orders and your buy orders make an alarm on your spotted bases and profit from the trends.
Do something fun / something else in the meantime.
Play football, dance the night away.

Trading should be non emotional and be approached as a side activity.
Don't let the up- and down trends move your emotions up and down, it's nothing personal, just doing business.

As an endword I have to say, do it with money that you can miss.
Or else you'll be emotionally envolved. If you read this and you can't miss the money you are trading, set the alarm notifications and sell and buy orders to free yourself from emotional trading.

Hope you guys can use this!

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html

What do you think of this trading schedule?
Are there many whales on the market and if so, @ which coins?
Only Bitcoin Futures?

Hello,

Do you guys think IOST is going great?
It had a huge succes when it just came out.
The peak it had the first day is hard to find now.

What do you say, a yes or a no?

Hi,

When daytrading is the use of the order book important?
I hear many talk about stop-sell orders.

I need some confirmation if the idea that I have about buy and sell orders is okay.

For Example:
My coins: 30 iost
Actual price: 0,15

- If I place a sell order to sell 20 iost for the price of 0,16 and the actual price goes to 0,14, I won't lose money? (except fee of course)

- If I place a buy order to buy 20 iost for the price of 0,14 and the price goes to 0,16 I won't lose money?

If this is correct, .. trading with buy and sell orders is actually very safe. In other words, when you trade with buy sell orders wisely, you can have more trades in total compared to when you don't use buy and sell orders.

Am I right?

Hello there,

I hear soo many stories, read soo many stories of fellow crypto-traders that this is The time to invest in crypto's.
These stories are also about making lots of money in about 1-2 years.

With would be the minimum start capital in your opinion?
Also like to know if you think it is possible to work yourself to financial-freedom in 1-2 (maybe three) years.

This also made me think:
'Why are some people enormous succesfull in the trading game while other are not?

I think you have to think like a (financial) successful l business person to make succes in the trading world and word yourself to financial freedom.
Keywords/phrases/ideas I think of now that I think a successful trader should be/have:

* Courage (trying different things out of your comfort zone)

* Dedication (be busy with crypto's daily)

* Your personal 'whitepaper':  Very nice and interesting to  have an insight in the Whitepapers of all companies in ICO stage, but I think a personal whitepaper is also very import. Things like: -  'how much profits a day am I going for?"  - 'where do I want to be in three months? -

* Don't be too greedy: Be okay, with 2%, 3%, 4% profits. It may seem little but if you have 2% profit 30 out of 40 times your estimated value will grow significantly. Have you ever put real coins in a jar for about 3 months? Than you know what I mean.

* Be patient:  I noticed myself, sometimes I want that $ number too much, and this 'wanting', the greed can make you lose your profits.

* Make agreement with yourself, stick to the plan.

* Last but not least, Keep up to date with the news and study, study, study.

* Ask yourself: Is this a hobby or a job-to-be. It is't the latter, it takes a lot of time and dedication.

I think when you have a solid plan and you stick to it, it is possible, even with a start of $ 200.

What do you think?

------
Update 01-02-2018
78 people responded to this topic.
50 of them think it is possible
4 of them don't think it is possible
11 of them think the amount of $ 200 is too small to start with
13 people did not say 'yes' or 'no' to the possibility.

Keep coming with more opinions please and I will update the results!

Hi Guys, Girls,

On CMC you can see the latest added coins with their Exchanges.

How important do you think it is to buy new coins (if you like their concept)

I think it is very important to invest in new coins.
When to buy them?

From my short experience I have learned not to buy a coin straight away when it's released on the exchanges.
Be there as soon as possible, see what the price does. Often a lot of people who bought the coin during ICO will sell.
Wait till the coin drops at its first lowest point, and just when its going up, > buy!



What are your strategies  / ideas?

Hi Guys and Girl, Ladies and Gentleman,

I was thinking about the news in crypto-related terms.
The news has great impact on the crypto-market.

When a news-channel announces the popularity of a coin, most certainly the value of that coin will rise in an upward trend.
Typ in: Crypto-News in the google search engine and you will have a LOT of choice to choose from. All different sources that talk about the different altcoin, next to Bitcoin.

In my belief there must be online news sources which are Globally visited most among all you fellow cryptocurrency-traders.

-What in you opinion are the hottest online news-channels that you can't miss being a day trader?

on the other hand

-What are the hottest online news-channels that you can't miss being a long time investor?

I myself find:
- Cointelegraph, a pretty good channel.

What about you?

Hello Guys and Girls, Ladies and Gentlemen.

Recently I have done some study on the following tools, I also give my opinion about them.

RSI (Relative Strength Index)
- A cool tool to see when it's most likely for a currency to have an upward/downward trend.

RSI Stochastic
- This cool tool rotates a lot quicker up/down and in my opinion this is better to be used for relatively quick daytrades. (dependent on the setting, which counts for any tool)

Bollinger Bands (with candlesticks)
- I write > with candlesticks, because that's the only version I know.
- A cool tool in which it is easy to see what the price probably does.

I used them and tried to experiment with them. Now I am going to learn how to read the different kind of candles.

On thing I like about the RSI is when you pay attention to the middle line you see that from the middle line the price alsmost always reaches the top or bottom line of the tool.

The thing I like about the RSI Stoch is kind of the same I like about the RSI.

All in all it's handy to know how to trade with tools, but in my opinion the news also has an impact.
You never know what the market is going to do.

What are the tools you use, are there any tools and techniques which are getting you the most of profits?

Hello Guys and Girls,

Many say the moon and its different phases have an impact on earthly life (and who knows on what more).
Look at the tides of the sea, moving forth and back (just like numbers on a trading chart moving up and down) - - >  all because of the moon's impact.
Is it possible that the different moon phases have an impact on human behavior,  in particularly the trading behaviour?

I did some investigation, and I saw some amazing results..
I looked up a moon calendar 2017, this one >  https://www.timeanddate.com/moon/phases/
As you can see on the calendar there are four moon phases displayed :
-New Moon - First Quarter - Full Moon - Third Quarter.

I noted down dates from different moon phases and looked up those dates in coinmarketcap- and forexcharts to see what was happening with human trading behaviour.

To name 1 example:
The Full Moon dates compared to the historic charts show
1: a peak or valley position
2: a couple of days before the full moon 'till a couple of days after the full moon an uptrend, sometimes huge.
And more... I encourage you to have a look as well.

Same with the Bitcoin BOOM which trend was going upward, compare it with the moon phases and you'll be surprised what you'll see (at least I am)
There are lots of articles to find on the web which give trading considerations/advice on moon-trading. Of course it's not 100% guaranteed that something is happening at a specific moon phase day, but 80% it is. (as far as my investigation goes, up until this moment, now)

I encourage you to have a little investigation and compare some of the moon phase-dates and compare them with the charts info.

Tip: a monthly chart view gives you a great overview.

31st January 2018 is full moon, what are you going to do?

Me? I am going to use the mooncycles and implement them in my trades.

Praise to the moon!

Hello Guys,

What are you thoughts, opinions on IOSTOKEN?
Do you think it will be worth investing in it?

First day it came out on Binance it fell to its lowest point, from there on later that day it doubled in prize. Now it's 2 dollarcents more than when it came out.

Thanks

Hello Guys,

Let's say a coin is 0,20 in pre-sale Ico stage. What determines if the price will be more than 0,20 when launched on exchanges?

Thx

Hi Guys,

Recently I met a lot of people who are making big money (compared to me) buying pre-sale coins in ICO's and selling them on Exchanges for maybe double the price or more. Some of those also invest in relatively new coins with a low marketcap as I may believe what they say.

Ian Balina promoted this and he is talking about the possibility to become a crypto-millionaire in about a year time.

I think of this strategy

1- Find out which ICO's are active, are upcoming and check if they have the pre-sale option.

2- Get pre-sale tokens, go for the ones that give you 50%, 70% or even 100% bonus.

3- Study the whitepaper and the team and determine if the concept is perfect for blockchain and see if it can be a Scam or not.

4- Look for a low hardcap. ( how to determine if the hard cap is low? )

5- Ask questions to the team and see if the ICO is popular.

6- Find out when the ICO is launched on exchanges and the names of the exchanges.

7- Register, login to that Exchange and wait for the coin to be visible.

8- Is your money more than double the ICO price? Cash out. Is your money less than double? Leave it there and see what is does. Is your money 5 times double?
Cash out. leave maybe 10% (or more) on that currency or wait until it doubles more because Exchange    members will buy the coin.

9- Spread you profits and put your money in more ICO's and repeat until you bought a lot of ICO's in a time-period of 1 year.

10- Buy New Added coins in exchanges where you believe in and ride with the popularity and repeat the previous steps.

A small calculation example where the start budget is $200 and in this example the aim is to at least double the ICO price:
Aim is to double the ICO price and cash out.

1st  ICO: buy coins for $200 cash out at $400
2nd ICO                      $400                  $800
3rd  ICO                     $800                   $1600
...repeat this and you'll have this
1: $400
2: $800
3: $1600
4: $3200
5:  $6400
6:  $12800
7:  $25600
8:  $51200
9:  $102400
10: $204800
11: $409600
12: $819200   
13: $1638400 > Cryptomillionaire

Let's make it 20 ICO's for sure, you never know when an ICO price doesn't double.
If you begin with investing in 1 ICO a month and work your way to buying more ICO in future you need maybe 1,5 year to become a crypto millionaire.

Ofcourse this looks maybe too easy, and every bought ICO should have its price doubled at least.

Do you think this can work?
How would be your plan?

2 Questions
How do you consider a marketcap as low?
How likely is it for an ICO bought in pre sale to have its price doubled when on Exchanges?

I am looking forward to your ideas & replies.

Thanks to you all!

Hi guys,

When I look real-time in my Exchange 24hr % statistics and I compare them with CMC stastistics, there is a difference in %.
Is all %'s displayed in the Exchanges showing the value of the total Global market? Or are those numbers only displaying activity-statistic from the users in the Exchange itself?

Hello,

I kwow it is profitable to buy when the price is low and sell when the price is high.
What I see in the currency exchange I am trading on are 24 hr percentages.
Sometimes the percentages show a 'minus' -, and sometimes they show a 'plus' +.

Is it a goog idea (when you think in terms of profit) to buy a coin when the percentage shows for example -5% and then sell when the percentage shows +5%?

Thanks

Hello,

I read several messages on the internet and I heard from several people I spoke that if you want a quick / big ROI from an ICO it is better to invest in an ICO project with a low hard cap.

What is considered as a low hardcap? Is it 10 mil, 20 mil?
---

I also heard about to look at the total supply of tokens if you want a big ROI.

What are your thoughts on this?

Thankx.