Seat of Your Pants Crypto-Currency Trading Guide (moved)

[chowderman]

It has come time to move to a new level of publishing with my guide. It will now be part of Kindle's Lending Library for at least the next 90 days, here is the link. http://www.amazon.com/dp/B00KY7WXJU

Thank you

[cad_cdn]

+1
thank you!

[tbly13]

Great guide chowderman, very informal and professional. I use these same tactics and patterns while trading on the NYSE! They definitely work; but as you said, it takes a lot of patience, and a lot more research to be very successful at it. When you first start out, don't be discouraged or intimidated by taking a few losses. ALWAYS set your max loss (or Stop price) to the maximum amount you are willing to lose (I usually stick with 1-2% of my total portfolio as my max loss, depending on the situation). Use the chart patterns as your Risk/Reward guide, this will help you decide how many shares, or in this case crypto to purchase.   

Learn from your mistakes and count the losses as the "cost of learning".

Good luck to all!

[leet1]

reserved ///<3 Chowderman

[btceic]

Check out babypips.com for a very in depth free course on forex trading.

[mobile]

+1
Good information here. Complete with example charts & all. Has my vote for being "Stickied"/Sticky post.

[highirly]

Good read.Ty and i noticed .cryptocoincharts.info is correct, not cryptocoincharts.com

[chowderman]

Good read.Ty and i noticed .cryptocoincharts.info is correct, not cryptocoincharts.com

Thanks eh, corrected, and I added another good charting site as well http://bitcoinwisdom.com

[pembo210]

good read, Thank you 

[voxelot]

I have entered into trading recently.. would have killed to find this a week ago.. good info +1

[camodude009]

I was able to predict this Thank you!
imgurdotcom/ehPHrX4

[Bitzil]

Very good, thank you.

[Sy]

Nice one, thanks.

[flipper]

Very nice work. thanks for the effort.

[0xz[.]]

Excuse me: I have not read the whole post. (My native language is not English., And my knowledge of your language is poor: Now I'm using the Google automatic translator   ) But gradually I'm going to read it. I think that is a fantastic post. Thank you very much.

I have a question. Are you a  successful trader? Did you win money by applying your knowledge?  Would you be willing to advise us on buy and sell for money?

[b!z]

Thanks for the great tips. it was a good review on patterns like triangles. good read.

[chowderman]

Excuse me: I have not read the whole post. (My native language is not English., And my knowledge of your language is poor: Now I'm using the Google automatic translator   ) But gradually I'm going to read it. I think that is a fantastic post. Thank you very much.

I have a question. Are you a  successful trader? Did you win money by applying your knowledge?  Would you be willing to advise us on buy and sell for money?

Thank you for your kind words. I am successful yes, its taken me a decade to learn anything, and its not much in comparison to many others. The best advice I can give is the guide, its about reducing risk so you can make YOUR best choice. I can't take the blame nor the credit for someone's choices, I am just trying to share some of the tools I use to make the best choices I can that work for me.

[0xz[.]]

Excuse me: I have not read the whole post. (My native language is not English., And my knowledge of your language is poor: Now I'm using the Google automatic translator   ) But gradually I'm going to read it. I think that is a fantastic post. Thank you very much.

I have a question. Are you a  successful trader? Did you win money by applying your knowledge?  Would you be willing to advise us on buy and sell for money?

Thank you for your kind words. I am successful yes, its taken me a decade to learn anything, and its not much in comparison to many others. The best advice I can give is the guide, its about reducing risk so you can make YOUR best choice. I can't take the blame nor the credit for someone's choices, I am just trying to share some of the tools I use to make the best choices I can that work for me.

What would you do now? Buy, sell or keep still?

[twobitlolz]

this is just the type of trading intro i've been itching for -- thanks!

in your years of trading, have you found any published material that you would consider required reading?

[uyo]

This guide is great to start with, but in my opinion the most vital and essential part is missing there. I talk about psychology of trading.
Most ppl that wipe off their trading accounts are leaving the scene not because the lack of technical knowledge, but because of their inability to control themselves. Mostly psychology is the key that separates 20% (maybe less) of succesful traders from 80% of loosers.
The Disciplined Trader by Mark Douglas is a great book on this topic.
On trading generally I recommend to read Long-term secrets to short-term trading by Larry Williams.