Proper Money Management to Keep Losses Small & Gains Large.
This publication focuses more on education with money management than with buy or sell signal. I believe it's IMPORTANT to have a money management plan AND STICK TO IT in order to MANAGE your risk, to keep your losses small and your gains large. Twenty (20) minutes is not near long enough to expound on a money management plan but I think you will get a decent idea of how to implement your own money management plan to keep your losses small and your gains large when you watch this video.
It's also important to have good indicators; but more importantly; KNOW HOW TO USE THEM. If you KNOW how to use them, you can better implement the different types of trading you are doing when the time arrives to buy or sell in the type(s) of trading you are doing.
EVERYONE "should" put aside at least 50% of the capital they are willing to invest in a specific coin (let's say bitcoin as an example) into a cold wallet (hardware wallet) that's OFF EXCHANGE. You "should" stick to your plan to NEVER consider transferring it back to an exchange except for when we are approaching a Buying Climax; which will result in a prolonged period of Distribution. Once you sell it when distribution begins, you may want to seriously consider NOT staying in FIAT; but instead buy ACTUAL PHYSICAL SILVER AND/OR GOLD IN YOUR SOLE CONTROL. NEVER let someone else hold your precious metals for you. The current state of FIAT currencies is getting dangerous and not worth the risk to hold them. Do NOT leave a substantial amount of FIAT in a bank either. Instead, use your substantial amount of FIAT in precious metals in YOUR control to protect your capital.
Once you see the distribution phase in cryptocurrency is drawing near a close, that is when you can begin selling most of your precious metals to begin ACCUMULATING cryptocurrency while it's in its accumulation phase with 70 percent of what you are willing to INVEST. While leaving 15% for High Time Frame Trend Trading and 15% for Low Time Frame Trend Trading over the course of an accumulation phase and all of the bull market phase to a buying climax once again before it falls into distribution again.
Be sure to keep up with you increase and/or decrease in your High Time Frame and Low Time Frame cryptocurrency banks. For example: Let's say you had 0.29 BTC ($1,500) your first initial "buy" for HIgh Time Frame and 0.29 BTC ($1,500) for your first initial "buy" for Low Time Frame Trend Trading. You then held them up to a point where you believe you are at or near a top. That is when you would have sold your 0.29 BTC of your Low Time Frame Trend Trading Bank for $3,800 USD or USDT "WHILE" holding onto your 0.29 BTC bank of your High Time Frame Trend Trading WHILE keeping a stop loss engaged.
Let's say your stop loss is triggered because it ended up coming down. That's fine, cause you are still in profit and have $3,500 USD or USDT from that market sell initiated by the stop loss. Once you believe (while looking at indicators) that it's nearing the bottom in your low time frame trend trading, you can use $3,800 USD or USDT to buy back into BTC; but you have 0.64 BTC now after buying in at a lower price. Then you sold that 0.64 BTC at or near the top of that Low TIme Frame Trend Trade and now have $5,000 USD or USDT. Let's say the price went even lower than it did the previous time BUT you also believe THIS IS THE BOTTOM OF A TREND and it's time to use your High AND Low Time Frame Trend Trading Banks to "buy" back in the market. Since the price is EVEN LOWER you used your $5,000 Low TIme Frame to buy 1.11 BTC and your $3,500 High Time Frame Bank to buy 0.69 BTC.
That's enough for now. It's easier to explain in a video than typing for you to read. What is VERY IMPORTANT is to WRITE DOWN the amount of BTC -OR- USD/USDT bank for your HIgh Time Frame bank and the same for your Low Time Frame BTC -OR- USD/USDT bank ON EVERY TRADE in order to keep up with it.
There was still quite a bit more to elaborate on with different scenarios but this is enough for starters. Different percentages can be used at different points in time of the price action in the market. But enough now to avoid typing too much to read for now.
Stay Awesome!
David
It's also important to have good indicators; but more importantly; KNOW HOW TO USE THEM. If you KNOW how to use them, you can better implement the different types of trading you are doing when the time arrives to buy or sell in the type(s) of trading you are doing.
EVERYONE "should" put aside at least 50% of the capital they are willing to invest in a specific coin (let's say bitcoin as an example) into a cold wallet (hardware wallet) that's OFF EXCHANGE. You "should" stick to your plan to NEVER consider transferring it back to an exchange except for when we are approaching a Buying Climax; which will result in a prolonged period of Distribution. Once you sell it when distribution begins, you may want to seriously consider NOT staying in FIAT; but instead buy ACTUAL PHYSICAL SILVER AND/OR GOLD IN YOUR SOLE CONTROL. NEVER let someone else hold your precious metals for you. The current state of FIAT currencies is getting dangerous and not worth the risk to hold them. Do NOT leave a substantial amount of FIAT in a bank either. Instead, use your substantial amount of FIAT in precious metals in YOUR control to protect your capital.
Once you see the distribution phase in cryptocurrency is drawing near a close, that is when you can begin selling most of your precious metals to begin ACCUMULATING cryptocurrency while it's in its accumulation phase with 70 percent of what you are willing to INVEST. While leaving 15% for High Time Frame Trend Trading and 15% for Low Time Frame Trend Trading over the course of an accumulation phase and all of the bull market phase to a buying climax once again before it falls into distribution again.
Be sure to keep up with you increase and/or decrease in your High Time Frame and Low Time Frame cryptocurrency banks. For example: Let's say you had 0.29 BTC ($1,500) your first initial "buy" for HIgh Time Frame and 0.29 BTC ($1,500) for your first initial "buy" for Low Time Frame Trend Trading. You then held them up to a point where you believe you are at or near a top. That is when you would have sold your 0.29 BTC of your Low Time Frame Trend Trading Bank for $3,800 USD or USDT "WHILE" holding onto your 0.29 BTC bank of your High Time Frame Trend Trading WHILE keeping a stop loss engaged.
Let's say your stop loss is triggered because it ended up coming down. That's fine, cause you are still in profit and have $3,500 USD or USDT from that market sell initiated by the stop loss. Once you believe (while looking at indicators) that it's nearing the bottom in your low time frame trend trading, you can use $3,800 USD or USDT to buy back into BTC; but you have 0.64 BTC now after buying in at a lower price. Then you sold that 0.64 BTC at or near the top of that Low TIme Frame Trend Trade and now have $5,000 USD or USDT. Let's say the price went even lower than it did the previous time BUT you also believe THIS IS THE BOTTOM OF A TREND and it's time to use your High AND Low Time Frame Trend Trading Banks to "buy" back in the market. Since the price is EVEN LOWER you used your $5,000 Low TIme Frame to buy 1.11 BTC and your $3,500 High Time Frame Bank to buy 0.69 BTC.
That's enough for now. It's easier to explain in a video than typing for you to read. What is VERY IMPORTANT is to WRITE DOWN the amount of BTC -OR- USD/USDT bank for your HIgh Time Frame bank and the same for your Low Time Frame BTC -OR- USD/USDT bank ON EVERY TRADE in order to keep up with it.
There was still quite a bit more to elaborate on with different scenarios but this is enough for starters. Different percentages can be used at different points in time of the price action in the market. But enough now to avoid typing too much to read for now.
Stay Awesome!
David
コメント:
If anyone else wants to share their money management plan to keep losses small and gains large, feel free to share. As I've said previously, this was only one scenario with an example of 70, 30 and 30 percentages with time to do three types of trading. There are so many different ways to orchestrate your plan with different percentages in accordance with the amount of free time you have to trade for best possible gains while keeping losses small.
コメント:
Also remember... THIS IS NOT A RACE. If you wish to look at this as a race, you have a better chance of finishing the race as a turtle rather than crash and burning without finishing the race at all and nothing to show for the time spent in the race.
コメント:
Everyone has their own style of trading I suppose. I tried trading back in the day using "patterns" (shapes) but that did not suit my detail oriented personality with hunger for more information to provide clarity as to WHY I should engage risk into a buy or sell action. This motivated me to search out MANY indicators to provide the information I sought. Each time I tested an indicator, I would edit the "inputs" on the indicators to see if I might find noticeable patterns to make trading signals more SIMPLE.
After much searching and editing I finally found several indicators I use collocated together to keep my trading as simple as possible while increasing probabilities.
Here's a chart to provide an example of what I'm talking about. Circles and text bubbles provide an area of focus within the indicators in this 18h time frame that's used as an example:
Different types of "crypto-currency" trading:
1 - Investment Trading - One trade every 2 to 3 years while using the Monthly as the highest TF and 2-Week as the lowest TF.
2 - High Time Frame "Trend" Trading or (High Swing Trading) - One trade every 15 to 75 days; depending on the pair and volatility while using 2-Day and 3-Day TF's as the lowest time frame and 2-Week time frame as the highest time frame.
3 - Low Time Frame "Trend" Trading or (Low Swing Trading) - One trade every 2 to 14 days; depending on the pair and volatility while using 3h and 4h as the lowest time frame and 3-Day as the highest time frame.
4 - High Time Frame "Scalping" (High Scalp Trading) - One or two trades daily; depending on the pair and volatility while using the 23 minute as the lowest time frame and 3h and 6h as my highest time frame.
5 - Low Time Frame "Scalping" (Low Scalp Trading) - 6 or more trades over a 12 hour period; depending on the pair and volatility while using the 1m and 3m as the lowest time frames and the 1h and 2h as the highest time frames.
No matter what type of trading done above, it should be understood higher time frames for a particular type of trading is used to determine WHERE we are within that type of trading and WHEN will be get there. The lower time frames within a TYPE of trading are used for better entry and/or exit.
It's a good idea to ALWAYS put aside a percentage of your capital for "Investment" trading and use the remaining percentage of your capital for a particular crypto-currency for another type or multiple types of trading based on the amount of free time you have and experience level. If one were to do "Low Swing" and "High Swing" trading with specific percentage of personal capital allotted to each trading type (Low Swing & High Swing), they are in essence creating the opportunity for them to get out at or near the top at different percentage of capital while using the other percentage to stay in the trade a bit longer; being sure to have a proper safeguard in place (stop loss; stop limit or trailing stop).
After much searching and editing I finally found several indicators I use collocated together to keep my trading as simple as possible while increasing probabilities.
Here's a chart to provide an example of what I'm talking about. Circles and text bubbles provide an area of focus within the indicators in this 18h time frame that's used as an example:
Different types of "crypto-currency" trading:
1 - Investment Trading - One trade every 2 to 3 years while using the Monthly as the highest TF and 2-Week as the lowest TF.
2 - High Time Frame "Trend" Trading or (High Swing Trading) - One trade every 15 to 75 days; depending on the pair and volatility while using 2-Day and 3-Day TF's as the lowest time frame and 2-Week time frame as the highest time frame.
3 - Low Time Frame "Trend" Trading or (Low Swing Trading) - One trade every 2 to 14 days; depending on the pair and volatility while using 3h and 4h as the lowest time frame and 3-Day as the highest time frame.
4 - High Time Frame "Scalping" (High Scalp Trading) - One or two trades daily; depending on the pair and volatility while using the 23 minute as the lowest time frame and 3h and 6h as my highest time frame.
5 - Low Time Frame "Scalping" (Low Scalp Trading) - 6 or more trades over a 12 hour period; depending on the pair and volatility while using the 1m and 3m as the lowest time frames and the 1h and 2h as the highest time frames.
No matter what type of trading done above, it should be understood higher time frames for a particular type of trading is used to determine WHERE we are within that type of trading and WHEN will be get there. The lower time frames within a TYPE of trading are used for better entry and/or exit.
It's a good idea to ALWAYS put aside a percentage of your capital for "Investment" trading and use the remaining percentage of your capital for a particular crypto-currency for another type or multiple types of trading based on the amount of free time you have and experience level. If one were to do "Low Swing" and "High Swing" trading with specific percentage of personal capital allotted to each trading type (Low Swing & High Swing), they are in essence creating the opportunity for them to get out at or near the top at different percentage of capital while using the other percentage to stay in the trade a bit longer; being sure to have a proper safeguard in place (stop loss; stop limit or trailing stop).