RE: A thread from our slack chatroom
Hi Luc, I really appreciate your philanthropic posts. I look forward to the next one each time, especially when it's in regard to the core strategy again and again.
I wanted to ask you about the account builder trades. From your videos and posts, I gather that it should be done on a chart with low volume and when it's ranging and when it has that inorganic look to it.
Have a look at the chart below. It has that inorganic look and is moving sideways and has low to average volume.
Now have a look at this chart. This one looks even more inorganic.
So I'm a little confused.
If a chart has decent volume but shows that inorganic pattern, is that an account buider?
If a chart has good volume but is moving sideways in a range, can that be used to build your account?
If a chart has low volume but has no sideways movement, can that be used to build accounts?
So you have a mixture of these three elements. How do you view a chart in relation to these 3 elements before you decide that it's an account builder chart?
Really appreciate the help,
JH
Im sorry, I cannot open your charts, but I do have a video a few videos back on small account building trades. And here and there in my other videos I give examples of account building trades that I have take... The only reason for the low volume aspect, is that it creates large spreads between buyers and sellers which is quite easy to use, to take very high profit perscentage trades.. the down side is that you cannot take any size and therefore can only be for small accounts.
Right, but does this work with all low volume coins, or only those that have that inorganic look? Does the coin also have to be in a range to use it as an account builder?
Thanks again.
No, it's just one of tradeable patterns. You can also trade pump and dumps(buy low, sell on spikes) and broken bases on charts which give u high percentages.