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

[SolarFox]

Here is some analysis on BTC price since the beginning of the month

$9000 seems incredible after all we faced

[Wingzcrypto2018]

Your good as a trader dude. Base on what I saw in you analysis it was actually close in reality things happened in the market.
I don't know if someone here get what your trying to intend and emphasize about the graph it showed. But it is really great illustration.

[Mark_R]

Your good as a trader dude. Base on what I saw in you analysis it was actually close in reality things happened in the market.
I don't know if someone here get what your trying to intend and emphasize about the graph it showed. But it is really great illustration.

Thank you mate. I tried to simplify the analysis, so guess it is quite comprehensive. At least hope so.
When I was a newbie I really feel the need ia sth like that.

[jems]

great, you intend to help us to get more clues and the results of the analysis are on trade. Maybe I will try to stop by on your twitter and let's have a discussion together.

[Mark_R]

great, you intend to help us to get more clues and the results of the analysis are on trade. Maybe I will try to stop by on your twitter and let's have a discussion together.

Feel free to ask. Will post the tweets on what the audience is interested in.

[fullhdpixel]

I'm not really a good trader and I don't know where to start studying about trading. I will follow you and learn from you from the tips you're giving and I'll try to study those on my own but may I ask if do have you ever think of creating a telegram group for you to share your tips and you can also open a group for exclusive tips and hints, i might join on it.

There are so many resources you can use out there to make you a better trader, when I picked interest in trading, the first place that came to my mind was YouTube which was where I fully learnt how to trade without having to go to any special school till I became a pro trader and till I developed the skills needed to always trade successfully.

One thing you need to keep at the back of your mind is never to follow people’s opinion in making a trade decision completely, you can always do better and develop your own personal strategy to apply to your trade which is always better so you don’t get mislead.

[4IRIK]

Some basics to share.
This is what I learned about 12 years ago and exactly this is what I use daily and never forget of. Easy but really helpful. Save it!

Thanks for sharing
I often change my strategy during the day and then regret...
Btw, read that the day of the week sometimes matters for the trading results. Do you consider this fact?

Thx for the setups. But the question is how can i understand that my strategy is okay? That I should not change it

[Mark_R]

Some basics to share.
This is what I learned about 12 years ago and exactly this is what I use daily and never forget of. Easy but really helpful. Save it!

Thanks for sharing
I often change my strategy during the day and then regret...
Btw, read that the day of the week sometimes matters for the trading results. Do you consider this fact?

Thx for the setups. But the question is how can i understand that my strategy is okay? That I should not change it

Firsty, your stats will show you the results.
Secondly, you can use a recovery factor, for instance.

It is a ratio of the profits to maximum drawdown.
The way to assess your trading system:
The higher RF is, the faster recovery is going. The system with higher RF is preferred

Look at the illustration below. The idea is simple and effective!

[LuffyD.Monkey]

You're doing really good in trading and I can see why you have decided to make day trading your full time job, that's cool. I will also like to be really goof in trading but not as a full time trader. I just want to be good enough so I can do trading part time and also focus on my other business as well and earn double income from the both of them. The thing is that I don't know whether I will be able to learn trading since my main job occupies much of my day time. But I'm still going to do my best to learn it, cause its really going to help me.

[Mark_R]

ETH's short. Closed at the second touch of green line (sign of changing trend)

[FanEagle]

That's interesting. I often watch these signals and the opinion of other experienced traders about a particular coin. I'd like to follow on you, too. You really good, what were able to make crypto trading your only source of income. I also dream to achieve this.

I did not have other opportunities and therefore I also chose to work in the cryptocurrency market as the main source of my income.  If we consider 2016 and 2017, then everything worked out quite well for me.  But today I am practically at the bottom and I don’t know when all my assets will be able to bring me real profit.

There are other people like you that have cryptocurrency as their major source of income for now till further notice, and are not discouraged by the events of 2018 that has kept most of their crypto investment and bounty campaign money at the deepest value they have never seen before, but one single thing I know is that Bull run is coming and some of these coins that you said has bottomed will surely rise and may even rise above your investment in 100x.

It is a chance of 50:50 though, because we have also participated in projects that are already dead and gone while we are still keeping them.

[zonom]

Thank you Mark for the charts.

Probably you  explain stop losses? In theory, everything is clear. But it depends so much on several factors. What do you consider while setting?
You wrote that we can ask questions, soooo

[Mark_R]

Again chilling on the waves on BNB

[Mark_R]

Thank you Mark for the charts.

Probably you  explain stop losses? In theory, everything is clear. But it depends so much on several factors. What do you consider while setting?
You wrote that we can ask questions, soooo

Sure. Will point out some setups for intraday.

STOP-LOSS

1)   ALWAYS set stop losses (obviously, but still)
2)   The base for your stop is not a book, but the current pattern, market state & your strategy:
-   Look at highs / lows, strong levels
-   Consider volatility
-   And volume
-   Pattern size
3)   Do not link stops to beautiful numbers (8000, 9000 etc). Just calculate it
4)   Calculate possible risk you can afford in advance (this is about the position sizing also, as well as the next point)
5)   Calculate risk-reward ratio in advance

Sometimes I move stop losses to breakeven, but this is a searate issue and should be treated with extremely high attention

[pundit]

Hi Mark,
Its nice to see your trades, your technical analysis is good, you are able to analyse the chart properly. I am also a technical trader but I have not applied seriously on crypto as I did not find good volume anywhere except Binance, even on Binance many altcoins move like pump and dump. I have few questions to ask from you, if you get time pls answer these questions.

1. Which crypto exchange are you trading in?
2. Which crypto pairs do mostly trade?
3. Is there any option to set SL and TP in crypto trading?
4. Is crypto exchange providing margin trading?

I forgot to mention I trade forex market.

[Mark_R]

Hi Mark,
Its nice to see your trades, your technical analysis is good, you are able to analyse the chart properly. I am also a technical trader but I have not applied seriously on crypto as I did not find good volume anywhere except Binance, even on Binance many altcoins move like pump and dump. I have few questions to ask from you, if you get time pls answer these questions.

1. Which crypto exchange are you trading in?
2. Which crypto pairs do mostly trade?
3. Is there any option to set SL and TP in crypto trading?
4. Is crypto exchange providing margin trading?

I forgot to mention I trade forex market.

Hello mate!
Thank you so much.  Guess it would not be difficult to switch from forex to crypto, the principles stay almost the same.
As for your questions,

1. Mostly BitMex & Binance
2. XBTUSD (=BTCUSD, that's how it is called on BitMex) - both futures and perpetual. ETHUSD (BitMex mostly). For a couple of month pay attention to BNBUSDT (Binance). These are the 'favorite' ones. But basically, I monitor several alts. For instance, TRON may have interesting turns in June.
3. SL and TP - it depends. As usually, consider:
-   Highs / lows, strong levels
-   Volatility
-   Volume
-   Pattern size

P.S.
Profit/loss ratio is recommended to be higher than 2:1
Personally I keen on trailing stops for a long time already.
Tbh, crypto in terms of SL/TP does not differ so much from forex/traditional markets.

4. Yes. E.g.: BitMex - up to 100x. Many types of orders and just comfortable in use (personal judge). Bitfinex - up to 33x. Low commissions.

Hope that would be helpful somehow. Feel free to ask more. Cheers!

[4IRIK]

Hi Mark,
Its nice to see your trades, your technical analysis is good, you are able to analyse the chart properly. I am also a technical trader but I have not applied seriously on crypto as I did not find good volume anywhere except Binance, even on Binance many altcoins move like pump and dump. I have few questions to ask from you, if you get time pls answer these questions.

1. Which crypto exchange are you trading in?
2. Which crypto pairs do mostly trade?
3. Is there any option to set SL and TP in crypto trading?
4. Is crypto exchange providing margin trading?

I forgot to mention I trade forex market.

Hello mate!
Thank you so much.  Guess it would not be difficult to switch from forex to crypto, the principles stay almost the same.
As for your questions,

1. Mostly BitMex & Binance
2. XBTUSD (=BTCUSD, that's how it is called on BitMex) - both futures and perpetual. ETHUSD (BitMex mostly). For a couple of month pay attention to BNBUSDT (Binance). These are the 'favorite' ones. But basically, I monitor several alts. For instance, TRON may have interesting turns in June.
3. SL and TP - it depends. As usually, consider:
-   Highs / lows, strong levels
-   Volatility
-   Volume
-   Pattern size

P.S.
Profit/loss ratio is recommended to be higher than 2:1
Personally I keen on trailing stops for a long time already.
Tbh, crypto in terms of SL/TP does not differ so much from forex/traditional markets.

4. Yes. E.g.: BitMex - up to 100x. Many types of orders and just comfortable in use (personal judge). Bitfinex - up to 33x. Low commissions.

Hope that would be helpful somehow. Feel free to ask more. Cheers!

Never tried Bitmex
Thx for the idea

[Mark_R]

Some trend techniques explained of today's BTC trade.

[el kaka22]

I have a more regular question than others and it is not about trading at all, I mean it is about trading life style type of deal but not trading exactly. I am a person who earns bitcoins by working and I have earned enough to live so far and I am happy with it, you earn bitcoins in different ways but you do not work for somewhere and your full time job is trading so they are very close to each other in some aspects.

My question is, even though this has been the best work I have ever worked I still have nightmares about the potential doom if something goes bad since all my life is attached to this, what do you think you could do if something goes wrong, do you fear every single day that if something goes bad then your whole life will turn upside down? I mean how do you cope with that if you have those fears?

[Crypto4ka]

Some trend techniques explained of today's BTC trade.

https://i.postimg.cc/MT7c7stW/XBT2019-06-20-11-14-01.jpg

Great thank you! Probably you have some techniques considering trend trading. Some ideas or so
Please share

Why you enter at a third touch?