The veteran trader explains how to make a profit from BTC and investing altcoin

[jane maradona]

Successful traders treat trading as a business. Although people have different ways and interests, I often use Excel spreadsheets to help with organized calculations and clarifications.
Investors are always curious about each other's location and often chat on DM and Telegram privately. The goal here is to provide transparency about my trading habits and I hope traders will learn from the close monitoring process.
Trading position sizes can be adjusted, but always calculated based on 1% of portfolio losses using stop and entry orders as a guide.

[franky1]

oh look another topic of someone trying to subtly advertise they are some expert, give it time soon they will start asking you for credit card info or supply you with a bitcoin address for their exclusive club of investment advice

tip one.
if anyone tells you its time to sell/buy, the action has already occured by the time its told to you. so dont listen to such people because its like being told at10pm that the drinks party started at 6pm. and everyone else you know is already drunk
yep thats right folks by the time wall street/bloomburg/cnbc show indicators that its time to sell, even the cameraman had already sold before the common man knows what the indicator is going to show.

the reason they do it.
once they have dealt their hand they want common man to push that position to the extreme so that the preachers can do the opposite and take advantage.
EG if prices were without preaching: noon$8000 1pm$8000 2pm$8000 3pm$8000 4pm$8000
by selling at noon at $8000 they could trigger the price to move down to say $7990. then preach to common man that common man should sell too. resulting in common man causing the price to go down to say $7800 by 2pm
the preacher then buys back in at $7800 causing $7810 uptick and preaches people should buy back in causing a $8000 by 4pm
thus the preacher turned 1btc at noon into 1.025btc at 2pm which sold at 4pm is an extra $200 in their pocket.where as common man would have sold at $7800 when they got the news to sell and then tried to buy back in at $8000 thus LOSING

tip two
never ever ever ever ever listen to guys telling you that their TA stands for technical analysis if all they have done was draw lines on a price chart based on a random period average of their choosing.
that TA stands for TREND analysis. not technical.
if people are not supplying info like:
how much exchanges known UTXO are hoarding,(supply vs demand indicator)
the average mining cost(value vs speculation bubble price indicator)
then they are doing you a dis-service and you should definetly not be paying them for a service

tip three
if these guys are charging you a fee upfront, then they cannot be very successful or trusting of their own words, or they would be successful themselves to not ned to beg for upfront fees.
some services dont charge memberships but do charge a % of profit common people make from their trades. even this, though appearing to look like its a 'preacher only gets rich if common man gets rich first' should be avoided also
many preachers dont care if common man gets rich or loses as long as they get a regular % from dupes, they dont care.

tip four
never put all your eggs into one basket. never jump at something with both feet. at very worse 50% at best 1-10% always have one foot inside the door and one foot outside that way you can play both sides if prices dont go a certain way
eg
if you have 10btc. dont throw it all on one order. throw atbest 1btc to sell. if the price doesnt go down great you still have 9btc making profit and have fiat in hand which you were happy to sell anyway.
put the fiat at a buy at a value below your sell and leave it. dont try rushing to buy in again at or above the price you sold. just be happy to have some fiat to respond to dips or just to spend on groceries. and let the remaining btc make the profit
if the price after the sell did go down. great again, dont be in a rush to sell the other 9btc. be happy that your initial 1btc sell made you profit more than 1btc on the buy back gaining you more than 10btc total.

tip five
never use trend stats, technical stats like mining costs as a way to tell you how to react. because your not the only one seeing them. thus your already a lil late to the party. instead plan one step ahead and ask 'if majority seen this, they would react by doing X' which would result in Y occuring. . think about the end result after mass reaction and plan to act on what Y would be
EG using the example of tip one. if at 1:58m you seen the price move down below $8k dont react by seeing news its time to sell. instead be getting ready to buy more now its cheaper because common man has already dipped the price

tip six
remember if you have not got information from statistical source itself, but relying on summaries/charts made by people that have spent time getting the info, graphicalising the info, summarising it. and even worse delayed publishing it by having to upload info to a website/youtube. its too late and out-dated info already
remember for someone to have come to a conclusion, they themself have wasted your time by them spending their time coming to their conclusion.

in short never trust a guy saying todays the day to buy/sell. instead learn the tricks to mitigate your risks, find the source info other guys use, so that your atleast at the same level as them and not 50 chins whispers late and plan on how the market will be after thousands of people have reacted to the information you have. dont just react to the information itself

[Kakmakr]

The private talks on DM and Telegram reminds me of the private trading clubs on the Stock exchange. You have a bunch of guys giving their opinion on market shifts and behavior, but most of those opinions come with a hidden agenda. They try to influence less experienced traders to invest in commodities or stocks to benefit them. 

So, when will you send us the invitation to the private "Traders Circle jerk" group for all this experienced advice?    One thing I learnt from experienced traders, was to never trust experienced traders.