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

[chowderman]

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.

I agree psychology is important, I only touched on it just a bit with one sticking to the plan they make...but psychology would in fact determine the plan for sure.

[1714100612]

1714100612

[fran2k]

Nice introduction, thanks.

[fran2k]

The Investopedia link is broken, but you can surf a backup on archive.org

http://web.archive.org/web/20130806154045/http://www.investopedia.com/university/technical/techanalysis8.asp

[nitrous]

The Investopedia link is broken, but you can surf a backup on archive.org

http://web.archive.org/web/20130806154045/http://www.investopedia.com/university/technical/techanalysis8.asp

http://www.investopedia.com/university/technical/techanalysis8.asp seems to be working for me.

[chowderman]

The Investopedia link is broken, but you can surf a backup on archive.org

http://web.archive.org/web/20130806154045/http://www.investopedia.com/university/technical/techanalysis8.asp

All fixed, the investopedia link had an errant semi-colon hiding in it...

[karmazynt]

Oh man this is very god for beginners. I think it should be sticked.
Thanks anyway:)

[utuxia]

There's a realtime profit/loss calculator over at http://tradeli.st that is geared towards crypto day trading.

[joesmoe2012]

There's a realtime profit/loss calculator over at http://tradeli.st that is geared towards crypto day trading.

I'm not sure exactly what this would be calculating. Is it just subtracting the fee twice for ya?

[chovy]

There's a realtime profit/loss calculator over at http://tradeli.st that is geared towards crypto day trading.

I'm not sure exactly what this would be calculating. Is it just subtracting the fee twice for ya?

You enter your buy price and your sell price and it will calculate the profit or loss including fees paid on both trades.
If you check the 'x - follow last price' it will follow the current price so you can see your profit margin in realtime if you're holding a position.

[thegolden24]

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

Thanks for the share. Alot of good info

[oxxymoronn]

Awesome thread,

Pushing this to the front!

[rickyhnguyen]

Nice guide. Personally i use cryptsy to trade. If you guy are interested please use my referral key
https://www.cryptsy.com/users/register?refid=128621
thanks

[CapitolCoin]

This is a great write up, and exactly the kind of knowledge I was looking for to up my crypto day trading. Thanks!

[EasyD]

Great info thanks for sharing!

[goindeep]

Really good information here.

I am a new trader and seem to be doing quite well so far.

I am mainly trading currency for currency. My pairs are DOGE/BTC.

It seems to me from my amateur perspective that this type of trading that I am doing is exactly like FOREX which I know nothing about.

Can you confirm this is true or not and if so what are some good guides you can recommend I read that I translate into crypto trading.

Thanks again, really good post!

[mr smith]

Well done a great read, no blabbing on and on, strait to the facts in an easy to read way. Many Thanks for the info

[tskweres]

+1 Well done!

Except he forgot to mention to trade on https://coinmkt.com

[chowderman]

This article has now moved, to Kindle! Take a look http://www.amazon.com/dp/B00KY7WXJU

[chowderman]

For anyone that had been looking into my guide on amazon, there was a file upload error that totally jacked up the book, but it has been fixed and anyone that has already bought the guide can now re-sync and have their download updated.

Enjoy and trade safely!!

[chowderman]

I would like to thank all of you who have made kindle purchases of my guide. It's because of its gaining some traction, I would also appreciate some quality reviews as well. Again thank you all