Timing is everything
Okay so i wanted to start doing some day training today i stayed up all night educating myself and looking for a mentor (still looking btw ;) ) learning how to use a few tools and really dove in to tehnical analysis and then i look at the charts today and was dumbfounded. One all my ethereum needs to be sold and this is a time to buy but all my buying power again is in eth. So im stuck back in idel until we get a little more normalized action. Hows everyone elses trading going?
Hi @skinnythames -- i intend to be posting every weekend technical analysis and best practices using BTC and ETH for reference. Check out my feed I've just posted some.
Yeah man for sure technical analysis is something i want to take very seriously its like a first language to me its easy to understand i can visualize and i want to utilize that talent and make a better living for my self with it. Right now i maybe make 26000 a year i have 1 son and one kid on the way a puppy and obviously a gf. This job just aint gonna cut it i very much have the patience for both long term and short term holds and i think i can make some good money day trading stocks or swing trading. I just really need a mentor or a coach to help me guide my decisions and further educate me as i cant afford to loose
Wrong view. Anything you put in market you must be comfortable never seeing again, ever. Otherwise you may languish and experience desperation trying to make up for a bad trade. Recommend to review good trading practices online.
Im not exactly a mentor but will be posting about my technical analysis methodology.
Alright maybe i used the wrong format saying that i do understand you dont add anything to your portfolio that your willing to loose. And its not that i need the money i have in it but the fact ive only been trading about a month and a half self educated and i had an initial investment of 250.....
Right now im happily sitting at aboit 600 total value. I just cant afford to start over with more capital i dont want to loose what i already have in there so i want to play it smart educated and have a guiding goal ups and downs are where the moneys at and i wont be shaki out of the market i dont want my two kids living their whole lives paycheck to paycheck in a 1 bedroom apartment if i do this right and with the right help hopefully one day i can be making descent money trading
i recomment then to review the technical analysis I did last weekend, it was pretty bang on, I will be making a few posts about technical analysis generally as well so stand by for those
investopedia is a great resource too.
I just mean you have to look at it, ready to take a loss if the trade goes against you. There are rules.
Hell yeah and im very familiar with stop loss techniques to minimize and keeping track of you position buy ins. Theyve saved my ass a few times lol
check this one out for starters https://steemit.com/bitcoin/@satchmo/investing-vs-trading-cryptocurrency
Im very much both as hard as that could be to believe i believe both make you money
no i do both, im investing in BTC by trading to accumulate it. My view BTC is the common denominator of the cryptos
Were speaking the same language then cause thats the direction im trying to go altcoin day trading for a steady increase in bitcoin holdings
Hey man.
Sorry I haven't got back with you yet. Been a crazy week. You know I'm a trader right?
It appears that reply is broken again so let me try this... @skinnythames You know Im a trader right?
Took me a minute to find this comment lol but i noticed im not getting any notifications for replies here lately. I did know you were a trader and i also know your pretty awesome about following my blog so i was kinda hoping youd see me looking for a coach haha. I very much want to trade i feel like with the right education man i can make some good money and be really good at this. I got a fresh laptop yesterday from a pawn shop and im trying to move my crypto on to it to get ready to make it rain. The only road block im hitting is my ether and my etc for some reason will not send out of my coinomi wallet
Hey @skinnythames cool deal and yeah I do follow you well. I have not looked at any crypto charts. however I would assume that they behave similarly to the markets. I don't know for sure tho. I guess I would have to back test it to see how the price action performs in relation to FOREX. I have to say tho, it is a very volatile market and don't know that the swings would be the same. FOREX and stocks have different charting analysis in some regard. Considering your acct size and you are limited to acct size, there are some ideas that i have for you, but you would have to wait as we are about to enter some downward movement in the S&P, Dow, and Possibly the Nas. You said you live in TX? Shoot me an email and I'll send you my number, so we can text and talk about making you some profits on these markets.
IDK that I would trade cryptos as they are volatile and for no reason could rip higher or get slammed based on various anomalies. You could however open a robin hood acct and we can get you trading stocks with a smaller cap. Essentially we would be looking for position trades. Stocks at 52wk lows with good funds and TA that show a bullish perspective. Email is
[email protected]
Have a great wknd!!!!!
Chris
Dude... done and done! And honestly im digging the volotility in the crypto sphere ive been making a few bucks off it here and there and for day trading when im able to straddle an asset both buy or sell im able to play the markets an hour at a time and make small gains. But im 100 percent with what your saying i would love to be able to trade on some bigger markets from what i hear the canadian mj sector is gonna be a really good place to be for high gains later in the year. In crypto you have to really research your coin or go with a less money making bigger coin so it does have its draw backs but with such small funds like you said its kind of working for me.
My number one goal above everything else is to invest in my future become my own central bank and get my babies in to a home and out of this damn apartment and into a new car and not a 97 civic ricer. Small dreams really but thats all i want. If i can turn my 24000 dollar a year salary into a 75000 dollar a year earnings by trading and investing thats where i want to be. As soon as i can get my ethereum out and sold i can start making some better profits and maybe use those profits to switch over to some different markets
Im actually fixing to make a little profit right now lol maybe only a dollar but its better then a loss!
Hey man im gonna give you my email so wr can communicate a little better id like to talk to you more about trading im very serious about getting in to it
If you want to trade that is great and I am all for it. If using a "straddle" which is an options term and strategy and you can do that in cryptos great. Unless you are buyin, and selling short the "coin" which is what you meant.
I am not a GM fan, actually he is clueless when it comes to trading. I have watched his trade ideas and back tested them. All those times he said he made obscene amounts of money? Well if a 1% to 5% gain on his trades are an obscene amount then he has the lowest of expectations and the rest is eaten up by commissions.
We'll talk dude. Ill call you today or tomorrow.
Chris
Terms im not so up to date with but thats part of what i want to learn. And in all honesty what gm was good for was really just finding out economical news the rest of his blogs are kinda just him saying and repeating the same shit from his previous blog. But I DO want to make obscene amounts of money and by obscene i just mean a few extra hundred bucks a month would be hella nice.
Hell yeah man shoot me a text or a call
Davin