I wanted to make a summary of what I learned so far..

Let me first say that without a good, safe, proven system trading can be just the same as gambling and you can definitely lose all your money almost as fast as in a casino.

It reminds me of this one trading joke..

Q : How do you make $100k in (insert any market here.. stocks, forex, etc)

A : easy. start with $1 mil

:P

ok. maybe its not as funny to you if you aren't familiar with the wins and losses found in the markets.

On to the summary..

let me say again how thankful I am to fellow steemian @quickfingersluc (this system is learned from him and he is so cool and shared his knowledge totally free. he is also a seasoned trader, so knows what he's talking bout)

There are a ton of people trading bitcoin and all the other crypto currencies. Almost all of them are average people who want to invest in the crypto coins and are NOT seasoned traders. What I'm trying to say is that these people are buying and selling based on emotions or some news they hear. They are not taking the time to analyze the market in any way or waiting for a good opportunity.. such as a sudden drop in price.

Buy Low, Sell High

That is the main technique that Luc teaches and it gives those who utilize it a HUGE advantage over those other traders. In numbers, it represent about a 95% chance that a trade taken following this strategy is going to result in profit.

If I start with a $1000 account (usd)

trade in this way (be patient, wait for the correct setup), say there is only 1 trade per week (the frequency of trades will depend solely on how many different coins you watch, I am taking a very conservative number just to be safe)

assuming an average of 10% profit on each trade (really 5% of total account, since Luc says to trade 50% max on any 1 trade)

That would be:

1000 (start)

1050 (after trade 1)

1102.5 (trade 2)

1157.625 (trade 3)

1215.5 (trade 4)

1276.275 (trade 5)

1340.08 (trade 6)

1407.09 (trade 7)

1477.44 (trade 8)

1551.32 (trade 9)

1628.88 (trade 10)

1710.33 (trade 11)

1795.84 (12)

1885.63 (13)

1979.92 (14)

2078.91 (15)

I'll stop there, but you can see how it grows. It took 15 trades to double the account.. about 4 months. I don't know about your bank, or what other investment/money management company you might have going, but a 100% account growth in a few months is definitely much more that I am currently getting!

Now I know, you are thinking.. yeah, but what about when you lose, and what about trading fees, all that.. yes, there are expenses, but those are very small compared to even 1 winning trade. If you are even curious about this method or just want to learn more about crypto and trading, give Luc's videos a watch.. I guarantee he's one of the coolest, nicest guy's you'll ever see (he reminds me of one of my friends from college).

Sorry for my unorganized ramblings on this post.. my mind is still trying to get hold of the method, but I'm excited to get started trading this way. I Hope you'll join me in learning and profiting!

Ben

*pic credit to pixabay