My Trading Tools (120% APY)

[slaman29]

OP may be one of those 5% who are not greedy and has a plan to slowly achieve their goals, but tools themselves do not generate profit, I guess that is clear to everyone.

I wish that was. Newbies still get duped into paying for "tools" and signals and easy money making strategies. I know for forex people used to do this, and the benefit was from commissions. If you get 1000 people to trade even 1 pip you get a lot of money for that, recurring mostly since people who lose in trading often pump in more.

I don't know if it works the same for BTC trading but I'm not surprised if that is the way. That's what I think of when I see posts from OP anyway.

[KingsDen]

It is also important to adapt ones trading strategy to the bull and bear market because what works in the bull market most of the time won't work in the bear market

On the contrary I feel what works for bull market can also work for bear market what it means is to upturn the strategy because for example using RSI to interpret, you have overbought and oversold, likewise for MA can be used for determining the range of market movement bought for bull or bear. Fibonacci and other indicators too can work both ways depending on how you are placing your fibo. It is reasonably so because market don't go move just one direction, it is either bull or bear and it is same indicator that are used to analyze the chart.

It is theoretical and in the practical situation of this, not many people and even myself know how to adapt a strategy to both bull and bear market. The bull market is always booming and profitable, with little efforts you are already getting results. This cannot be said of the bear market. That is why it is always advisable to test your strategy and re-test it with the bear market.  But if actually you cannot handle the bear market trading, it is fine you avoid it totally. But in all I agree that what works for bull market may also work for bear market, but it all depends on who is behind the screen (Skill or unskilled).

[Monawoar]

which exchanges you use?

[hugeblack]

Trust me, none of those things will contribute a single thing to newbie learning if that's really your point.
Instead, share your pure history of trading. The signals you used to trigger those trades, and to end them. And a synopsis of why.
No trader who ever claims any kind of crazy profit ever shows this, because none of them are telling the truth.
Prove me wrong.

I tend to agree with you. It is true that these tools are good, but they are general and with different experience, you can give them to a beginner and make losses, and the same you give them to a professional trader and make profits, so the lesson is not with these tools, but with how to use them.
120% APY is possible, but it is impossible for it to be a sustainable or continuous percentage, because there are always periods in which it is easy to achieve profits, and sometimes the market moves slowly and has limited growth.

In general, I prefer a small continuous profit so that the outcome is an exponential growth of the investment portfolio by diversifying investments and focusing on long-term investmenT.

[slaman29]

Trust me, none of those things will contribute a single thing to newbie learning if that's really your point.
Instead, share your pure history of trading. The signals you used to trigger those trades, and to end them. And a synopsis of why.
No trader who ever claims any kind of crazy profit ever shows this, because none of them are telling the truth.
Prove me wrong.

I tend to agree with you. It is true that these tools are good, but they are general and with different experience, you can give them to a beginner and make losses, and the same you give them to a professional trader and make profits, so the lesson is not with these tools, but with how to use them.
120% APY is possible, but it is impossible for it to be a sustainable or continuous percentage, because there are always periods in which it is easy to achieve profits, and sometimes the market moves slowly and has limited growth.

In general, I prefer a small continuous profit so that the outcome is an exponential growth of the investment portfolio by diversifying investments and focusing on long-term investmenT.

Correct. Anyone who learns a bit of English and can use inter net can find all these tools easily. But not anyone knows how to make sure these tools are used the way they are supposed to be.

OP and all of us know the emotions are the critical part, but noone seems to understand how to exactly overcome those emotions.

I repeat, these are all fake news. Lets not confuse newbies even more,

[Cryptomultiplier]

The tools are necessary but it would have been more insightful if you were more detailed as to use the simplest terms possible to explain how and when to apply these tools.

For newbies interested in day trading like myself, it is always best to first get familiar with the terms and conditions of market, before considering trading. I have learnt in the long run, that while these online tools is important, the offline tools like cold wallet, sound Android, smart phone, Iphone, laptop, desktop, with good storage space and RAM should be used.

[GreatArkansas]

which exchanges you use?

I don't think this will matter, as long as you are using an exchange that is not fishy, an exchange got real volume and not manipulating, in short, use popular exchanges like Bybit or Binance, Kraken, etc.

OP may be one of those 5% who are not greedy and has a plan to slowly achieve their goals, but tools themselves do not generate profit, I guess that is clear to everyone.

I wish that was. Newbies still get duped into paying for "tools" and signals and easy money making strategies. I know for forex people used to do this, and the benefit was from commissions. If you get 1000 people to trade even 1 pip you get a lot of money for that, recurring mostly since people who lose in trading often pump in more.

I don't know if it works the same for BTC trading but I'm not surprised if that is the way. That's what I think of when I see posts from OP anyway.

This kind of scheme does exist in cryptocurrency trading, a lot of platforms are driven by affiliates and commission is normal.
The paid signal group also exists where you can invite someone and get a commission but the commission I think is only 1 time for this.

[slaman29]

This kind of scheme does exist in cryptocurrency trading, a lot of platforms are driven by affiliates and commission is normal.
The paid signal group also exists where you can invite someone and get a commission but the commission I think is only 1 time for this.

I guess I was talking about commissions from trade fee/commission. So it is less about getting someone to sign up but more about getting people to trade. Hence they do not care if you deposit $1 each time. They want you to get hooked and trade and trade, More volume is more commissions. They make money if you lose and if you win.

[Monawoar]

I don't think this will matter, as long as you are using an exchange that is not fishy, an exchange got real volume and not manipulating, in short, use popular exchanges like Bybit or Binance, Kraken, etc.

Just interested which exchanges OP using

I have different exp/result with different exchanges

[darewaller]

This kind of scheme does exist in cryptocurrency trading, a lot of platforms are driven by affiliates and commission is normal.
The paid signal group also exists where you can invite someone and get a commission but the commission I think is only 1 time for this.

I guess I was talking about commissions from trade fee/commission. So it is less about getting someone to sign up but more about getting people to trade. Hence they do not care if you deposit $1 each time. They want you to get hooked and trade and trade, More volume is more commissions. They make money if you lose and if you win.

The number of people you refer won't matter at all, say you only referred 1 or 2 people but as long as they are a whale trader because you can still be able to earn massive profits each time they make a trade but if not, then you might need to gather more people to sign up under you. Not all people are a fan of these commission thing because they think inviting someone else is hard as they already had a bad experience before.

You are already lucky if there are people who will sign up under you but the tricky part is to make these people stay. Maybe you will have a better success rate if you have a skill in marketing and you know how to sales talk, add in if the platform is naturally good.

[benalexis12]

I'm not familiar with the trading view platforms you mentioned, but the most frequently used trading view is phyton, and the tools I'm not deep enough to understand them yet. Because most people know that doing technical analysis is not that easy to understand and so is fundamental analysis. It is necessary to have extensive experience and understanding about this matter.

[slaman29]

I guess I was talking about commissions from trade fee/commission. So it is less about getting someone to sign up but more about getting people to trade. Hence they do not care if you deposit $1 each time. They want you to get hooked and trade and trade, More volume is more commissions. They make money if you lose and if you win.

The number of people you refer won't matter at all, say you only referred 1 or 2 people but as long as they are a whale trader because you can still be able to earn massive profits each time they make a trade but if not, then you might need to gather more people to sign up under you. Not all people are a fan of these commission thing because they think inviting someone else is hard as they already had a bad experience before.

You are already lucky if there are people who will sign up under you but the tricky part is to make these people stay. Maybe you will have a better success rate if you have a skill in marketing and you know how to sales talk, add in if the platform is naturally good.

Exactly. Not number of people but volumes. I know forex platforms use to Pay Per Signup, but now all brokers earn from commission, sometimes per trade flat, and sometimes from volume. Sometimes both.

But seriously, we ca't be rrealistic expecting to signup a whale cause all the whales are already trading long time!

[justdimin]

The number of people you refer won't matter at all, say you only referred 1 or 2 people but as long as they are a whale trader because you can still be able to earn massive profits each time they make a trade but if not, then you might need to gather more people to sign up under you. Not all people are a fan of these commission thing because they think inviting someone else is hard as they already had a bad experience before.

You are already lucky if there are people who will sign up under you but the tricky part is to make these people stay. Maybe you will have a better success rate if you have a skill in marketing and you know how to sales talk, add in if the platform is naturally good.

Exactly. Not number of people but volumes. I know forex platforms use to Pay Per Signup, but now all brokers earn from commission, sometimes per trade flat, and sometimes from volume. Sometimes both.

But seriously, we ca't be rrealistic expecting to signup a whale cause all the whales are already trading long time!

I have done this before, just once in my entire life but it worked so well for me for a short while. When binance first started I was selling a product, and I said if you sign up from my link I will make you a big discount, and a lto of people did. One of those was a whale, and that resulted with me getting an insane return, let me put it this way, I made x10 from that whales fee then the entire sale to him.

That is why affiliate marketing is such a great business model but unfortunately it is not available nowadays. Specially when you think about places like binance, I can say that there aren't that many people who end up with a bad result, it just doesn't really feel like it is a big deal at all and should be considered a trouble.

[CarnagexD]

My small silly topic on what i use

6. https://twitter.com - You have to find THESE guys. (Very difficult)
If you know any REALLY working tools, post below 

This is true haha. If you have the correct influence in social media, it will be a lot easier for you to create a network with likeminded people. It will be easier for you to gather information related to the type of trading you are doing.

Those people are hard to find because they are not loud and just lowkey. They are not those frauds who just share their wins and hide their negative PnLs. Once you're acquainted with them, they are willing to mentor you. The oftentimes have their own telegrams or website. They don't share signals, they share their knowledge and their analysis.

[Sebas.tian]

I think, many newbies will achieve something meaningful from your tools because many traders use trading view to get what they want from the market but the income is not big compare to those that is using their personal research to study the market price before trading their coins. Based on some of the things I saw in your past 4 years experience, show that you still need to learn more from potential traders so that you will know exactly what to do when the price is not stable in the market or what formula to use to be among the traders that will smile with a huge amount of income at the end. I don't display my working tools on social media but I keep them to myself because even though I display them here, you would believe that you can earn something good from it.

[slaman29]

Exactly. Not number of people but volumes. I know forex platforms use to Pay Per Signup, but now all brokers earn from commission, sometimes per trade flat, and sometimes from volume. Sometimes both.

But seriously, we ca't be rrealistic expecting to signup a whale cause all the whales are already trading long time!

I have done this before, just once in my entire life but it worked so well for me for a short while. When binance first started I was selling a product, and I said if you sign up from my link I will make you a big discount, and a lto of people did. One of those was a whale, and that resulted with me getting an insane return, let me put it this way, I made x10 from that whales fee then the entire sale to him.

That is why affiliate marketing is such a great business model but unfortunately it is not available nowadays. Specially when you think about places like binance, I can say that there aren't that many people who end up with a bad result, it just doesn't really feel like it is a big deal at all and should be considered a trouble.

I did it with a little success back in forex days, long long ago before Bitcoin when eToro was starting up. Pips and all that I forgot the names but you could give away $5 free per signup and get $5 regardless KYC and regardless amount traded. Those were gold old days

I think the problem started with bots and multi accounts. Ruined it for us who actually did great promotion

Now, not worth unless you invest serious money into marketing. So if someone in crypto says easy money, I say scam :p

[beerlover]

I did it with a little success back in forex days, long long ago before Bitcoin when eToro was starting up. Pips and all that I forgot the names but you could give away $5 free per signup and get $5 regardless KYC and regardless amount traded. Those were gold old days

I think the problem started with bots and multi accounts. Ruined it for us who actually did great promotion

Now, not worth unless you invest serious money into marketing. So if someone in crypto says easy money, I say scam :p

Unfortunately that is how the abuse works, when there is money to be made anywhere in the world, people jump in and try to figure out a way to make as much money as possible and leave nothing to anyone else.

Even if there was an option of them making 10 and everyone else making 100 or them making 20 and nobody else ever makes profit, like not all, just a bit more, they would still pick that. I am not that kind of person, if I find a way to make money, I just try to make a steady income as long as possible without disturbing it, that way I could make money for longer period of time. So far I hit one of those unfortunately lol, still make 20$ per month, been 7 years, not a big deal, but definitely a good feeling without a doubt.

[slaman29]

Even if there was an option of them making 10 and everyone else making 100 or them making 20 and nobody else ever makes profit, like not all, just a bit more, they would still pick that. I am not that kind of person, if I find a way to make money, I just try to make a steady income as long as possible without disturbing it, that way I could make money for longer period of time. So far I hit one of those unfortunately lol, still make 20$ per month, been 7 years, not a big deal, but definitely a good feeling without a doubt.

I mean, in the end, I kinda get it. Forex trading was wild in those days and PPS was even wilder, even if you fakes 100 signups in minths you ear several months salary n those countries, worth to get blocked on one site and repeat in others. I see the same behavior in crypto, just on this forum even in casinos. A few dollars today better for them than the "hard work" of doings things genuinely.

It's nothing compared to improving your actual skills in real career, but that's the mentality of majority who are attracted to "trading" sadly. Anyway, enough on this, even OP no longer responding

[kaimoure]

How do you manage to do it minus Tradingview?
I guess I am stuff with that one because of the different strategy scripts it has available

I have tried out tiger.trade terminal. It's actually my first time hearing it. I am not sure about its safety (malware wise) but could try it out on my old laptop

Other tools similar to tradingview i used before are coinlayze and cryptowat.ch. As for Twitter, I must say it's full of shills and wannabe crypto millionaire lately. They can do anything to get followers and people sign up through their referral links. It's a mess out there.

Trading view is kinda helpful if you're doing Spot trading since Trading view allows you if you need to sell or buy. twitter has a lot dummy accounts that hyping their altcoins and rugpull it so I suggest not using it because they only use similar structure of words on different altcoins in short don't fall for it. 

[Noctis Connor]

I appreciate your effort to share what tools are you using when trading. I personally used Coinmarketcap so I can check coins that has a low MC also I'm using twitter now called X thanks elon, twitter has algorithm that you can check the trend coins just search what coins are you watching in coinmarketcap then once im done reading and studying about the coin I found, I go straight to trading view to check if its good time to buy. then check the graph if it will have a bull run or no. It's still bear market maybe need to wait till more years to get us to bull market again since bitcoin has a reversal pattern which you could see in 30d pattern.