I'm A Professional Trader, Here's My Strategy

[Evetemot]

Amazing, I am very interested in your article. after reading the tips for trading I feel that a trade is not difficult, only we need to be more careful and think about it in more detail, I agree if you are a professional trader.
I like tips number three, "don't trade with money you can't afford to lose", because most people feel great before starting, so they dare to spend a lot of money to trade without having a good strategy, causing them to suffer losses and ultimately hate trading.

This strategy is often overlooked by new investors because they want to risk their investment but when they make a mistake they just want to return to the starting point. I personally follow the advice of the top trader because they are the ones who go before and always give me good advice before trading.

I think this is an exam of a trader that how he would be dealing his trade. Sometimes they have questions and they ask on some forum about their query, they contacted with some expert traders. Some gives them advices resonating with their own mindset and few advices don’t hit directly. So, people start getting confused. They must make difficult decisions at that time.

Experts believe trading isn’t easy. And I believe nothing is easy here in this world. Nether your birth nor your death, everything is an exam. So just be yourself and believe in your God.

[boeingpaperplane]

This is great! Thanks

[yanesna3]

Emotions will always be present in trading. No method or book exists that enables you to trade without any emotion.  The quicker people realize this the sooner they can stop making losses and start to understand markets and earn profits

Yes, emotions will also affect traders, even the most professional ones. Meanwhile, we need to do everything to be realists - it will help us avoiding really many serious mistakes.

[rebrik7]

Hello Maxpips.
What can you say about current situation? Was $4000 final bottom for BTC or we can drop lower?
I am completely uncertain: to stay out of the market now, to open a short position or a long one? Opinions are different everywhere, no one can say anything with confidence. Almost panic )

[invisiblefriend321]

appreciates so much my friend
gr8 work

always here 4 u 


namaste

[Obiwankenodium]

Looks like a possible trendreversal? Lets see what happens next.

[pedrog]

Any books you recommend or feel are a 'must read' for people who want to be serious about trading?

Already read Trading in the Zone, amazing book about the trader mindset.

[anume123]

Any good trategy that i also know always failed because of the price of bitcoin that drops it price other altcoins also affected so i hate the way that bitcoin price going down.

[Maxpips]

Great job. I would also like to read your story as you came to the forex market, how many years of experience, was it difficult at the very beginning and what results did you achieve

Sure thing, Cryptopower. I'll try to get an article or post about it out in the near future. It was definitely difficult though, I can tell you that right now.

Hello Maxpips.
What can you say about current situation? Was $4000 final bottom for BTC or we can drop lower?
I am completely uncertain: to stay out of the market now, to open a short position or a long one? Opinions are different everywhere, no one can say anything with confidence. Almost panic )

Honestly? I'm not sure. I think there's a good chance it could be the bottom but for how long, I don't know. For now, my advice is stay out the market and wait for things to calm down a bit. The past couple of weeks have been so crazy that it caused a lot of uncertainty, both with traders (including me) and investors, hence the reason for the big dumps we've seen. I think it's best to just watch from the sidelines for a while, see what the price does over the next week or so.

Looks like a possible trendreversal? Lets see what happens next.

It could be Obi, but I'd wait for more confirmation first. We might see a reversal back up the sell area created by the recent drop and then another large drop lower before a big trend reversal begins.

Any books you recommend or feel are a 'must read' for people who want to be serious about trading?

Already read Trading in the Zone, amazing book about the trader mindset.

There's a few but they're not really books on strategies or stuff like that, they're more about understanding certain concepts and truths about the market. Like one of them "Time Compression Trading" talks about how the Forex market is a zero sum game (the Crypto market is too) and the implications that has for you as a trader.

Another one would be "Beat The Forex Dealer". This is also about Forex but the stuff contained in it applies to Crypto aswell.

I can email them to you if you're interested?

They cost quite a lot to buy from what I remember, I think "Time Compression Trading" is like $50 on Amazon, so you'll save quite a bit if I send them over.

Let me know anyhow.

Any good trategy that i also know always failed because of the price of bitcoin that drops it price other altcoins also affected so i hate the way that bitcoin price going down.

An article on the buy area/sell area strategy I use will be out within the next week. This strategy works well when the price is moving sideways - as it was before the big drop - and when it's not trending, so take a look at that if you haven't much luck with your current strategy.

A new post on how to use Fibonacci retracements is now on the site.

Check it out if you're interested.

https://www.cryptotradingschoolonline.com/fibonacci-retracements-easy-to-convert-add-to-paid/

[TVTVI]

Too great, I am a new trader, feel very lucky to read this article. It will help me reduce the risk of losing money when I start trading. It would be great to have many posts sharing experience like this. I love the third and fifth tips

[Rrtt]

Thanks for these articles, this is a big help to us who wants to learn trading crypto. There are a lot of tutorial out there but yours is a lot more useful and very easy to understand.

[pedrog]

Any books you recommend or feel are a 'must read' for people who want to be serious about trading?

Already read Trading in the Zone, amazing book about the trader mindset.

There's a few but they're not really books on strategies or stuff like that, they're more about understanding certain concepts and truths about the market. Like one of them "Time Compression Trading" talks about how the Forex market is a zero sum game (the Crypto market is too) and the implications that has for you as a trader.

Another one would be "Beat The Forex Dealer". This is also about Forex but the stuff contained in it applies to Crypto aswell.

I can email them to you if you're interested?

They cost quite a lot to buy from what I remember, I think "Time Compression Trading" is like $50 on Amazon, so you'll save quite a bit if I send them over.

Let me know anyhow.

PDF is first result for Time Compression Trading.

Thank you.

[rebrik7]

Hello Maxpips.
What can you say about current situation? Was $4000 final bottom for BTC or we can drop lower?
I am completely uncertain: to stay out of the market now, to open a short position or a long one? Opinions are different everywhere, no one can say anything with confidence. Almost panic )

Honestly? I'm not sure. I think there's a good chance it could be the bottom but for how long, I don't know. For now, my advice is stay out the market and wait for things to calm down a bit. The past couple of weeks have been so crazy that it caused a lot of uncertainty, both with traders (including me) and investors, hence the reason for the big dumps we've seen. I think it's best to just watch from the sidelines for a while, see what the price does over the next week or so.

Thanks a lot. Answer is good enough for me, that's what I expected to hear.
And you are right in your advice about staying out of market. This is better strategy for now

[Maxpips]

Okay guys, I've just finished my post on how to trade the buy area sell area strategy you see me use in this thread.

https://www.cryptotradingschoolonline.com/make-100-a-day-with-this-crypto-day-trading-strategy/

The guide shows you how to find the areas, mark them on the chart, and what you need to see happen once the price returns to an area in order for it give you a signal to buy or sell Crypto.

Check it out if you're interested.

My daily analysis will be back soon. Stay tuned.

[thegoatiest]

Thanks! good article on buy and sell areas.

Would that strategy work on crypto / crypto pairs?

I ask as; I've just started over at Binance and they list the coin price in; 0.002443  as opposed to 4000$   e.t.c.
As a result their charts are completely upside down.
Can you still draw the buy sell areas with the same methodology as you described in the article?

[Maxpips]

Thanks goat, glad you liked it.

Yes, it works on all Crypto's/Crypto pairs.

So long as you have access to a chart of the Crypto you want to trade you can use the strategy. Just be careful of trading the low cap Crypto's though, because I'm not sure how well the strategy works on them, in terms of how profitable it is. It definitely works on Bitcoin and Etherium though, and it works in the Forex market too, if you trade that.

[minairia3]

Base on the chart recently, many are supporting the $4200-$4300 level. Many retests to be done to see if it's real but by many means more consolidations. Some people really are waiting for a major catalyst before rejoining.

[Maxpips]

Guys, thought I'd post this quick since Bitcoin is at a critical point.



My daily analysis will be back soon, just getting some new stuff finished on the site.

[rodskee]

Thanks for sharing your great wonderful experience
People they can get more points how to make money in trading came from your strategy
but i advise to the traders always be careful for every decision to avoid wro g decision

[Clark05]

Thanks for sharing your strategy it is useful for sure us and also to the newbie who are trading because  they need suggesstion, strategy and even advice from professional like what you said. I hope other will use it and earn money.