Remember this is only part 1 of a 5 part series make I will make releasing throughout the week around In February trading, Gox halted withdrawals and customers were bitcoin to withdrawal their funds. If it does not occur, then money lose your investment. Thanks for commenting money I could go back looking for it. Never miss a story from Peter McCormacktrading you sign up for Medium. But honestly as you ignored other 4 request of proof in bitcoin thread I already know the answer.
Good day Luc, i am so excited to join this forum and to follow you. You will typically be paid after the ICO has taken place and receive some of the coin or token from the company you helped promote. So it could have been worse, but that was my worse trading day ever so far.. Could you repost the video? New traders should start trading with small amounts or trade on paper to practice.
Or you should sell at a profit and hope it comes down and money again? Difficult questions to answer. Thanks for money me know. Yup, im gonna set up the camera and get some content out this trading. You can't find info like this bitcoin easily. On the other hand, short-term traders analyze the intraday behavior bitcoin Bitcoin price and seek to take advantage of the swings trading price. Welcome to Reddit, the front make of make internet.
Crypto is not a get rich quick scheme, you might get lucky and hit a bull run, but there is no guarantee. If you treat Crypto as a get rich quick scheme you will likely make poor unplanned decisions, lose money and chase. Most Crypto traders have considered day trading; many have tried, some with success and some with failure. Firstly I am going to deal with lifestyle. I expect that most people who are reading this already have a job, therefore if you are going to day trade Crypto, then you are either going to do this while at work, hiding in the toilets or under your desk or you are going to be doing this in the evenings and on the weekends.
I did the same day trading tech stocks a few years back when I lost a fuck load of money. If you are doing it in the evenings and weekends, then you are potentially neglecting your family or neglecting your health and life.
Day trading is super fucking hard; you have to be glued to the markets and news, following trends and using technical analysis to make scalps. Even then, a quick change in the market can stop you out on all your investments. If you think you are smart and you can quit your job to do this, then you are taking a huge gamble if you do not have serious reserves.
Even if you are lucky enough to have made enough money and do not to need to work you are still entering a super hard market to day trade. Each stop was executed at a loss. As such, all those losses need winning back. The problem with day trading is that markets can operate irrationally in the short-term, things happen which makes no fucking sense at all and you are battling the human emotions of fear and greed.
The chart below perfectly demonstrates the experience the most day traders will go through at some point. While the market is highly volatile it also acts in predictable patterns. As I keep saying, investing in Crypto is speculative, what we are speculating is that the digital currencies will become forms of payment and the service based tokens will support systems and technology which will revolutionise markets.
If the speculation proves right then the investments will go up. You need to find technologies you believe in, find a good investment point and then hold your positions through the upwards waves. I have argued with traders on Reddit over this.
Margin trading is whereby you are borrowing to invest because you are using leverage. With margin trading, you are being greedy and borrowing to invest, and you, therefore, run the risk of a margin call. Margin calls suck ass big time. Also, read their article about The Dreaded Margin Call. We already know that Crypto investment is highly volatile and super risky. If you are margin trading, you are therefore putting your money at risk.
Margin trading is only for the very experienced traders, and even then it is high risk. Shorting is where you are betting on an asset to drop in value and is a useful tool within markets to measure sentiment.
The main issue with shorting Crypto is that you are shorting a highly volatile market which is on a two-year bull run. You are trading against the market sentiment. The other issue with shorting in a bull market it takes you back to being a day trader as you have to track prices closely. An asset can double, triple, 10x in price and as it moves up, you are losing money.
What is Bitcoin trading? Bashir Aminu, Bitcoin trader and convener of online crypto group Cryptogene, explains the basic Bitcoin trading process as follows: Trading rules Aminu describes Bitcoin trading as extremely profitable if you play your cards well.
Based on his trading experience, Aminu outlines a set of rules for newcomers who may wish to profit from the Bitcoin market as follows: Never put all your eggs in one basket. Your capital should be broken into smaller lots for multiple positions at different price levels.
Do not invest your life savings or money that may change your life drastically in the event of a loss. This rule is important mainly due to the existing level of uncertainty that still exists within the Bitcoin market.
Take full advantage of available technology in order to gain maximum profit Understanding the market is a continuous process and requires a lot of time, concentration and effort. It is very crucial to do research and be up to date with current trends. Know when to cash in.
It is important to stay focused, unemotional and professional. Traders should keep in mind that losing, just as much as winning, is an integral part of trading. It is the cumulative gains that count. There's some real advantages to trading Crypto Currencies: I hope you found this post on steemit encouraging and motivating. If so please let me know, and I will begin posting charts and explaining what I see, and why I bought at a certain price and why or where I am planning to sell.
I'm sure within a short period of time you will be able to read charts just like me and you might even say to yourself, "Luc must be buying this chart, this opportunity is too good to pass up" Or "wow this is a beautiful chart pattern, it looks just like something Luc would post on steemit".
First off, i never knew about this site, i stumbled on your article while i was looking for articles on how to trade cryptos on the internet.
I became curious when i saw the outpouring of positive comments so i decided to sign up and follow Luc. Unfortunately those videos are no longer available due security breaches. Gutted i must have come in so late. I would like to appeal to you for the sake of the people who have genuine interest in trading cryptos, can you post videos on how to read and interprete the charts. This is one area im inching to learn. I would be grateful if i can have video tutorials on this.
You should check Luc's new Youtube channel, he also posts all of his new stuff here on his steemit blog: I think we are both in the same boat right now.
I am a real time learner who dabbled recently into trading using bittrex platform and I did loose some coin Thank God I didn't really trade with much coins. I am looking forward to learning from quickfingersluc and I hope I can catch up as fast as possible.
To me, trading seems emotionally draining though! Trading with emotion is lethal. You can only lose money if you close the trade. Anyone who has lost money trading crypto needs to either learn quick or stop trading as it's almost impossible to lose.
So far losses have always recovered if you hang in and not panic. Are there any books i could order to start learning to read charts? It seems not to effective at times and i probably burned more money then i made, still this is a thrilling world and i would love to get more involved. I love your excitement.. As for books, unfortunately there mostly all garbage and ihave read a ton of trading books. Nothing like learning direct from a fulltime trader who makes his living in the markets.
Especially if that trader isn't trying to sell you anything. The best people to learn from are those who don't want anything from you because they are already successful on there own. I make plenty of money trading, I'm just happy to help others in my spare time: Yeah well that is the issue. Most people will not just give away their strategies as it would generate more competitors.
Can you still suggest a book or site to start with? I feel just by playing demo accounts, you do not really get a deep understanding. Also i would love to know what your stance is on bots that automatically trade for you. Are they any good and if so which ones? Thanks so much for answering: I don't use any of his strategies but he really has the right attitude about trading and he grows a fairly small account into a huge account.
His method involves trading a lot of blue chip stocks, earning plays and news type trades. All of that is good trading but you can expend a lot of time making very little if you don't think in percentages..
That's one of the biggest lessons for a new trader, or perhaps one of the reasons so many traders fail.. I wanna make my own trading decisions. I have tried automated trading with currency in the Forex market a few years back. I even hired s programmer to help me code a strategy, but it wasn't making near what I could make on my own.
So I dropped the project. I just ordered that book. Expect me to get back to you once i read through. There are quite a few people to watch there. Most of them are on steemit anyway.
Great Article, As a starter in trading cryptocurrency, your article has really made a path for me to follow. I await more great videos from you. Do you wait for it to touch the moon as the hype is? Or you should sell at a profit and hope it comes down and sell again? Unfortunately, his youtube channel has been closed! Not sure what happened. But still, found some of his videos: Thanks for posting the article and super informative video!
I just got into trading cryptocurrencies back in May. I'm interested to get into some swing trading and have a Coinigy account but find the site overwhelmingly complex.
Your video really helped me understand what's important in a trading platform and helping me to lay a good foundation. I had some security issues and now im not being so public with my trading.. Made myself too much of a target.. Ill just quietly grow my money alone.. Hey, loved your videos!
Glad I got to watch some before you took them down. Are you able to explain in some way what happened or at least how people should protect themselves so they don't have the same issue and in a way that won't cause you more issues?
Any chance you will be posting the videos again? May be in a private group only on approval basis? This world is really so fuckin ignorant. Some nice guy like you shares his wisdom and gets screwed. True, it really sucks to help others and then get hurt. But also its a big wake up call for me to beef up my security measures.. In one of your future posts, would be nice for you also to include how to handle it when the chart reads something, and the opposite happens.
How do you accept a failed attempt, when you are following the right system? That being said, if you learn to read charts, you will almost never have a bad trade, therefore on the rare occasion when it does turn the wrong way, you wont mind just taking the small loss and jumping into the next trade without hiccup.
But yeah I will cover these topics in some videos, I'm writing a note right now, thanks for your topic suggestions. And Thank you very much for the vote!! I'm glad there are people like you with experience willing to share your knowledge. It's an exciting time for the world, kind of like when the cellphone was first released and communication became more fluid. Yeah, the 10k loss didn't really fizz me much, I just took the rest of the day off and went right back to it the next day.
I didn't break any of my rules, therefore I didn't feel bad about the loss. I traded properly, and unexpected news hit that stock at the worst moment. By the time I found the news it was already too late and I was in the red. So it could have been worse, but that was my worse trading day ever so far.. But it was exciting: Anyways I rarely have a red day because I have some systems in place that make everyday a good one..
I trade my day on a portfolio basis ill have to make a video and post on this subject alone And I always sell a rebound, always.. I'm late to the post here, but this is really great. I'm just beginning to get into trading cryptos and would love to see more of your content I'm working through what you've already posted.
Hi Luc, I'm from Mexico and I'm watching all your videos, I really want to learn to read the charts like you do, what's the software you are using to trade penny stocks?
Hi Luc, I had googled 'crypto day trading' to find your post on top of the list I think it's a sign. I am super glad to find this post of yours! And double excited to see your future posts to learn about charting crypto land and more. I'm sad to see that this is the only video in this series. With the recent rise in BTC, lots more people want to learn about cryto markets.
Excellent post, Luc AKA quickfingersluc. I'm starting with Coinigy today and I'll make a steemit post about my experience over the coming weeks. I even read about people losing their homes due to losses. But this crypto currency is different in a way that it can be fun. I have 0 experience in trading I mean zero, nada, zilch, but im good with numbers hoping that will keep me from going red.
I look forward to your your next teaching vids. Really enjoyed watching the video especially as a newbie wanting to get involved in trading, looking for to watching more of your videos, ps it's awesome to find someone that's happy to share their knowledge without a hidden agenda, thanks: Fantastic article Luc, I have been trying to trade for 2 years now but it has been a bit hit and miss. I look forward to reading the rest of your articles.
I am really happy i found you. You have A natural ability to be convincing. There Are so many folks touting trading but Ya hardly ever get to watch them do it. I am new but i am anxious toget started. Now still trying to learn coinigy. Looks like a good charting system.
Thanks Luc for what you do.
5 Sep I started this blog to help people avoid the mistakes I have made trading Crypto. I get a couple of emails a day from people asking questions and sometimes telling me their story. Crypto is a. Trading bitcoins is probably the fastest and easiest way to make money with bitcoin. The value fluctuates so much each day, it's a perfect target for traders. 16 Jan When you print lots of money, inflation goes up which makes the currency value going down. Since there is a limited amount of Bitcoins and this holds true for the majority of the other cryptocurrencies, the supply side can't increase which makes Bitcoin less prone to being affected by inflation. Now, let's.