I'm a full-time crypto trader. Here're my recent trades & answers to questions

[Sadlife]

Trading for me has not been very good because whenever i try it, the end result is loss, once you get to emotional into trading you start making mistakes without having an exit plan and with the volatile market this could end up in chasing losses instead, so i intend to read more and watch how the expert do it.
Also could you share your strategy when the price is trading between support and resistance ? how do you deal with uncertainty ?

[Webetcoins]

Trading for me has not been very good because whenever i try it, the end result is loss, once you get to emotional into trading you start making mistakes without having an exit plan and with the volatile market this could end up in chasing losses instead, so i intend to read more and watch how the expert do it.
Also could you share your strategy when the price is trading between support and resistance ? how do you deal with uncertainty ?

Time management, experience and your knowledge makes you able to deal with every situation. You can also learn from successful traders, the techniques they adopt and how they deal with fluctuations. Your personal confidence also plays an important part in dealing with any uncertainty.

[Mark_R]

ETH price after a significant breakout on the Jan 14 experienced the consolidation forming a flag pattern. Inside the range, there were several diapason trading opportunities. Further possible scenario is a bullish impulse in the foreseeable future.  Cheers!

Here's the result! 🔥
The history repeats itself, patterns do work!

Jst closed a long ETH trade opened at retest. 2020, you look nice. Keep going!

[Mark_R]

Why do you think the peak ist at 187 $.
Do you read this from the last months peaks ?

Thx for your answer

This is one of the nearest significant levels, like an upper border of the diapason.  Yeap, historically proven

[Mark_R]

Trading for me has not been very good because whenever i try it, the end result is loss, once you get to emotional into trading you start making mistakes without having an exit plan and with the volatile market this could end up in chasing losses instead, so i intend to read more and watch how the expert do it.
Also could you share your strategy when the price is trading between support and resistance ? how do you deal with uncertainty ?

Time management, experience and your knowledge makes you able to deal with every situation. You can also learn from successful traders, the techniques they adopt and how they deal with fluctuations. Your personal confidence also plays an important part in dealing with any uncertainty.

Indeed it is so. All in all, I'd say that with the time you understand that you need not just trading, but TRADING SYSTEM
It includes several details: Strategy, trading plan, schedule, psychology, timely adjustments, risk and money management, trading software, consistent education... Making an effective mix of it you can rule your trading.

Good luck!

[ErniundBert]

Thanks !
Where should a beginner trade ? If you buy some coins for example on Coinbase (easiest and secure way at the beginning) you have 1,48% fee from USD or EUR wallet to coins and when you want to sell your coins (convert to USD or EUR) also 1,48% fee.
So i need minimum a increase of 3% to get no loss.

When i convert the coins to an other stable coin like USDC i have 1% fee.
How is it possible to trade without such a big spread.

[Mark_R]

Bitcoin price in Dec 2019 - Jan 2020 experienced the war of trends and finally, bullish trend won. The chart shows 3 points at 1D timeframe that can be regarded as a strong confirmation. Currently, the price may either follow the trend (rebound from the border), or enter into the breakout stage (bears power). $9400 is supposed to be a strong level for the price with crucial changes in scenarios, probably consolidation & impulse.

[Mark_R]

Thanks !
Where should a beginner trade ? If you buy some coins for example on Coinbase (easiest and secure way at the beginning) you have 1,48% fee from USD or EUR wallet to coins and when you want to sell your coins (convert to USD or EUR) also 1,48% fee.
So i need minimum a increase of 3% to get no loss.

When i convert the coins to an other stable coin like USDC i have 1% fee.
How is it possible to trade without such a big spread.

Gotcha. Do you regard Binance and Bitmex as trading platforms?
As far as I know, Bitfinex offers lower commissions.

Also, are you a total newbie? How are you planning to trade (style, time available)?

[Mark_R]

Hey yo! When you see the results you work harder!
(Binance conducts some giveaways, hurry up)

[ErniundBert]

I traded (bought) different coins in the year 2017 on Bittrex. Hold them (for months) and sold them with good profit.
So yes i am a total newbie because i never really traded.

I am now in in Binance, Bitfinex and Bitmex.
Will try Bitmex first i think because of the possability to "short" BTC.
My timemanagement is normaly early in the mornig and after UTC 16:00, but I´m self-employed so I´m able to take out the time i need.

what do you think, what´s the best way to start as newbie ?
Daytrades ?

Do you also read other trader´s opinion? like on tradingview?

thx for any answers

[Mark_R]

Ethereum price after strong bullish impulse faced strong resistance and dropped to $162. After the decline, the price consolidated forming a bearish flag. One of the probable scenarios is following bearish sentiment with the drop to $162 and $156

[Mark_R]

I traded (bought) different coins in the year 2017 on Bittrex. Hold them (for months) and sold them with good profit.
So yes i am a total newbie because i never really traded.

I am now in in Binance, Bitfinex and Bitmex.
Will try Bitmex first i think because of the possability to "short" BTC.
My timemanagement is normaly early in the mornig and after UTC 16:00, but I´m self-employed so I´m able to take out the time i need.

what do you think, what´s the best way to start as newbie ?
Daytrades ?

Do you also read other trader´s opinion? like on tradingview?

thx for any answers

Got you. Yeap, trading at Bitmex give golden short opportunities.

As for trading start and your schedule, I'd recommend Day trading
But also pay attention to deposit size... If you have low trading budget, probably scalping will make more sense in the beginning.

Have you traded at demo? Bitmex offers some options. It might be useful.

Here are some useful books to start with:
"Technical analysis" by Lohn J. Myrphy
"Money Management Principles for Mechanical Traders" by Ralph Vince
"The Disciplined Trader: Developing Winning Attitudes" by Mark Douglas

Learn maximum about risk management. Always plan how much you can afford to lose and set harsh limits. You can even use the software for it.

I use Tradingview and have an account there, here it is:

https://www.tradingview.com/u/Mark_Robinson/

There are some signals, but I highly recommend to conduct own analysis without blind following the others' thoughts.

Good luck!

[Assface16678]

Ethereum price after strong bullish impulse faced strong resistance and dropped to $162. After the decline, the price consolidated forming a bearish flag. One of the probable scenarios is following bearish sentiment with the drop to $162 and $156

One of the growing coin again is the ethereum before the price of this coin is just low as $126 dollars and the price of the coin goes up rapidly in the start of the year of 2020 and it has a good beginning of good market price but again it falls down the whales put their coins immediately that cause of dropping the market price again but still, it is a good time for investment to the traders if the ethereum beat the resistance again.

[Mark_R]

BNB's doing good! Still in trade

[Globb0]

Interesting thanks

[Mark_R]

True
Total professional deformation 😂

[Mark_R]

My mate sharing a truly valuable article with me. Sharing with u.
Totally agreed & checked in practice 👌
The systemic approach is key to continuous profitability

Here it is:

https://www.learntotradethemarket.com/forex-articles/why-professionals-traders-make-money-you-dont

[Mark_R]

That is why I always recommend entering even a strong trend at a confirmation candle. Here the price broken a strong upwards trend out at the third point (usually it is a sign of trend continuation but it is to be confirmed). After the price consolidated and formed a beautiful double bottom pattern with a strong bullish impulse. managed to catch it with about 500 points gain and some leverage. Other strong levels are at the pic.

[Mark_R]

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Time for January results🤩

The year started in a right way. Traded mostly BTC and ETH futures, sometimes BNB. Played with scalping.
6 BTC in a month is a good start for the 2020 earning journey!

[Mark_R]

The price still moves in accordance with srong levels and upwards channel. $9165 level may be crucial and identify the further price impulse after the consolidation phase with the target prices of $10000 and $8200