How do I collect Free Coins? How can anyone grow a small account?

in trading •  8 months ago

Hey guys, I barely have anytime to make new videos. But I hope that you can find most of the answers to your questions, by watching my previous videos. However it's Saturday afternoon and I have a few minutes to discuss the market and answer some questions I keep getting, over and over.

I hope this video encourages you and helps everyone to see how easy it is to create a fortune from even a small size account by adopting a safe method of trading. I again apologize that I cannot answer every post below, and I trust that our community will help new ones get answers to basic questions.

Thanks everyone for watching and supporting this blog through your Upvotes,

Luc

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glad to see you back, ping me on slack!

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Please please my vote my ID @mohabat

Please please my vote

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Hey guys, I've been seeing these videos for weeks now and I feel more confident with my trades so far. I only have one doubt, when do I know is the right time to sell? I've been selling sometimes too soon with profits of 3%. Thanks for your input and keep up the great work guys!

Hi Luc,
@Baselinesecurity here. I am a member of the Slack, Forum, and Moderator on the Discord channel. Just wanted to send you a "public personal" message to say thank you and a short little tribute: None of this community would be possible without the support from QFL (you, Luc) himself. A big big thank you to QFL who was kind enough to share this method of trading. Our communities (for the most part) are focused around mutual helpfulness and that is the spirit you embody when you teach. I am grateful for the community that you have continued to lead.

It would be a blessing if you had the opportunity to join the official Discord channel as well as a sign of support. Here is a link if you are interested: https://discord.gg/F4Nns38
We will be doing many community-focused projects in the upcoming weeks and would love to have your blessing. Thank you again.

Looking forward to continued success for those who are good in our community,
Baseline

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This discord has been an amazing place and it would make a world of a difference to have the tradefather there himself

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Thank you so much for your time Mr. QFL...please join us to continue sharing your sensible words of wisdom!

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Greetings Baseline and community! Love the discord idea come on over QFL, Praise and Glory!

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Just joined! QFL's method is very profitable only if you are patient and resilient.

Hello Luc, first a huge thank you for helping us all. I have a humble request, can you make a live video of your BTC trading for 10-15mins where we can see how you trade clearly. We can also do the same practice like an expert

does the luc method work with BTC pair? I noticed that it works well with USD pairs, but it sort of never makes it back to base on some occasions with BTC pair. Great series btw

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It works great with BTC pairs. BTC is currently on the rise, so, it may take a bit longer when betting against it.

Thank you so much for making these videos! Small account building finally clicked for me in this video. Now to go put my money where my mouth is! Thanks again Luc! I wish there was some way for me to repay you!

Hi Luc, just wanted to ask you about small account building. The prices really does fluctuate on the coins you showed, which gives lots of opportunities for traders. But when you actually trade on the exchange, there is a bid/ask price. This means that if we wanted to buy, we could not buy at where we want, and we end up only being able buy at a price that is hard to reap profits.

If you see from the image, the 'ask' price (0.00189500) is very near the peak price of the channel (0.0019000), which is not what we want.

DO you have any recoommendations or tips/solutions to the situation?

Thanks alot Luc, ur videos really opened my mind to trading.

again, a fantastic video Luc. Thanks so muchh... That sparkle in your eyes at the end of the video...when you were talking about the mansion bit... that was priceless and funny as!

Luc, would you advise me to cashout all my profits after every trade and then go to a casino, and put it to the red at roulette? If i lose it was free anyway and if i win it's profit x2 so it's a great strategy right? I hope you do realise your "freecoin" stuff is exactly the same. Exactly. Like a wise man said once : "Holding is not a strategy, it's gambling". That man is you :)

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Im not sure you are understanding the traders mindset.. Trading is a mental game, you have to have the right perception to win.. If you think of your free coins as money, then they will effect you emotionally as they go down or up.. But if you can see them as free and your original account as unchanged, then you will become an super trader..

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Well, if i see a good dip in a shitty coin i will trade it. And i will take profit. And i dont want this coin so i will buy other coins that i like better with the profit, and hold them. First step, i profit , Second step i invest my profit. I dont know why not calling these 2 steps by your new hype "freecoin" concept would be a miss perception... It's just the same without the random part of letting my profit on a coin i have not chosen for itself but for its chart. Is nt it?

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Absolutely, thats totally fine. As long as you can view the coins you have invested in as "free" (because they come from your profit on a trade) then you are doing the same thing.. I didnt like the analogy above where you compared free coins to gambling at a casino because there really is no gamble.. There is guaranteed success because your investments are in the context of a solid method... Looking again at your casino example: If you took your profits from trading and went to the casino and everyday bet todays profits on roulette and accepted all the losses but also kept all the gains, your account would grow quickly also... Because sometimes you would win big, and those would be added to your trading account to create more "investment profits"... If you are only playing the casino with profits generated from your trades, then your account maintains its overal size, while you get to play the roulette table for free.. Thats not gambling, thats getting a free spin every day..

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Can you post your slack account info?

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I dont have a invite for you for the slack.. but you can join the discord : https://discord.gg/DZNaM7k

It's nice to see a new video from you Great Luc :-)

Great Video as always. Thanks for your posts. Your videos got me into trading crypto 6 months ago.
I do have a question if you have a second...
Do you have a solution for taxes and crypto? Do you track everything manually or do you have a service you are aware of that can calculate it for you?

Thanks Luc, excellent video, really enjoyed it.
Upvoted 👍

love it Luc. missed your lucid eye on this crazy market.

I have a Gekko bot install to play with, it has a number of regular indicators but how do we describe Luc's method to it, therein lies the challenge :)

Always a pleasure to watch your videos! Thanks for lessons.

Thanks so much for the videos and time, Luc. I wanted to show you my first trade I made after watching just a few of your videos. I have been hooked ever since.

https://www.coinigy.com/s/i/5a897cc094c2b/

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Yup, nice to see you practicing.. I hope you are keeping those trades very small until you get a real [anic and therefore can layer into a position.. so far you have had some nice trades, but no real big panics, so your trade size should be kept small..Congrats on your profits, and welcome to our community :)

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Thank you for the feed back. Yes I kept that small since it was my first, and am increasing with the more experience I get. Three weeks seem like a long time trading crypto that is for sure.

Thank You, Thank You and Thank You again!!! Thank You Luc for absolutely everything! It all makes sense now... this video was the one where everything came to get her for me. I will be building and collecting free coins as fast as the market and my account will let me now.

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Luc is the best teacher one could ever find to understand how to trade. We are so lucky to be here Robin.

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Oh I did have one quick question: You mention sending your free coins to a wallet ... what wallet do you use that supports your many different coins?

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I don't really.. I have been making individual wallets for some of the coins..But mainly I have them spread acrosss exchanges.. and I was thinking of getting a hardware wallet at some point, but I haven't gotten around to picking one..

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I advise you to get a ledger nano and have the seeds kept in 2 different safe locations (and tell your wife how to access them), Luc.

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Does the nano ledger support many different coins?

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Yes, go to their website to see the list of coins supported at the moment.

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Yes. Even better than the Ledger Nano is Ledger Nano S. Nano S allows you to add additional coins beyond the default btc, eth. But not a ton, just maybe 4 or 5 more with the version I bought last month. You use the Ledger Manager app from Chrome to add coins to your Nano S.

Alternatively, or perhaps additionally, Nano S is compatible with myetherwallet, though I haven't used that option.

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Yes Luc please get a Ledger Nano to secure some funds in cold storage!! Thank you for all you do. I know you feel you've said it all but updated videos help encourage us and even after watching all your videos I learned new things from your video Saturday. I know you are busy so it's much appreciated to get an update.

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Something to consider when I recently saw the future of trading directly from Hard Wallets on decentralized exchanges. It is some time off until Tezor will be used on some, but I like the Tezor concept the most. These two popular ones are a bit like Holden or Ford. But Ledger can be used now in places like this buy DIA, MKR. https://app.paradex.io/ I may buy both and have the best of both worlds :)!

Hey Luc!
I just figured now would be the perfect time to make my first Steemit comment.
Been following you for months now and love your style and very much appreciate you taking the time to make these videos for us!
Seeing that you uploaded a new video made my day.

Ohh man! So good! Thanks for making a new vid Luc! Loved the way you ended it gave me the boost I needed today. Keep up the good work.

Hello Luc, where do you park your free coins if not in a position? How much do you turn into fiat?

Where have you disappeared till now, I thought you were angry at us,Pet doing well with alerts and another staff there. How going on with FishBank? I have one question; Can I use your video on my website? I just want to share your strategy for trading there(I do not seek any information from people and I do not sell anything)

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I would prefer not.. But thanks for reminding me to turn off embedding on youtube.. That has to be done manually each time I make a video. Perhaps you could provide a link on your website to my steemit?... Then you would be bringing new people to my entire library.. While I have no issues with you sharing my content, and I do appreciate that you checked with me before you used my video, I did have a bad experience in the past..

excellent content!

Luc, new follower here as of this month, but I'm a huge fan of you and your work good sir! I have actualized gains of 4x on my trades so far from utilizing your material, so from the bottom of my heart, thank you! My question for you, do you believe in the early hype surrounding Genesis vision? If so I'd love to see you on their platform so I can trust you with my funds!! Happy trading brother

Hi Luc,

First of all: thank you for sharing your methods with the public. I know that your methods don't take that long to explain. And one can easily start working based on the video series you have already posted. But I think I speak for almost any of your followers when I say that we just like watching your videos. You are very easy/entertaing to listen to.

Also watching you give some new recent examples makes me understand just a little better. Please keep them coming!

I also have a question. Do you think your (simple) strategies will continue to work in the future? Or do you think trading might become more complex?

Thanks again for everything. If you ever want to visit Bruges, you can stay at our house :).

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I think this market will be easy to trade like this for many years yet.. The main reason its so easy is because of all the new investors continually entering the market. New money (new buyers) keeps pouring in, that makes for such a bullish enviroment that every little dip is argued and retested.. I think it will take years still before this settles down..

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Thanks Luc

Hi Luc, was wondering if you have any input on how to be trading alts right now with btc tearing it up as youre probably aware. A lot of slow panic grinds going on like eos, ada, knc. Can we still expect a bounce to base? Screen Shot 2018-02-19 at 6.59.42 PM.pngScreen Shot 2018-02-19 at 6.59.55 PM.pngScreen Shot 2018-02-19 at 7.00.07 PM.png

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I was thinking the same thing. I’ve been wondering if I made some bad trades.

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I think I made some mistakes trading similar charts. Perhaps is because there is no real panic there. Just slow movement. What is recommended in those cases? Sell with loss? Hold?

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I am submarine with plural coins. But I differentiated enough to be able to continue to trade other coins. Eventually those under water coins will go back up. Unless they are dead. But the examples you gave are no dead coins. Give it time. Don't attach too much importance to them. Patience is an important part of the game.

Hi Luc,

I appreciate your videos. I am new to the bitcoin market. I invested some money in bitcoin through Binance. Then I bought ethereum and Cordano. I lost 30% of my investment since 1/31. The Ethereum is depreciating in terms of bitcoins. I thought bitcoins and dollors are the same charts. I mean if the price of ethereum bullish in dollors, that means it would bullish in bitcoins. However, the chart now is showing different thing. What is your advice? Do you think I should hold the altcoins? or Sell them?

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Hi chadijazzar, I'm sorry for your losses and would like to address your questions. Hope it will be of some help.

  1. if the price of ethereum bullish in dollors, that means it would bullish in bitcoins
    Here is my way to think about it. The price of Ethereum over USD is one thing. The price of Ethereum over BTC is another. If you look at ETH/BTC chart, the ETH price displayed on the chart is relative to BTC. Therefore, if, for example, ETH price over USD is moving up slowly, but BTC is moving up in USD value twice as fast, then what happen? The answer is in ETH/BTC chart, it will show chart is going down.

Just to be clear, I'm not saying the chart will automatically move. It's still the market that make it move, but because they're relative in price to each other in nature, the market will make them stay relatively correctly with one another.

  1. What is your advice? Do you think I should hold the altcoins? or Sell them?
    Luc is a trader and this is a trading blog. I don't think you can get investment advice from him. Maybe there are better places for your answer. But since you're here, why don't you just use your coins to trade!
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Thanks a lot

Thank you Luc! Your entire strategy makes sense for me except for two questions I believe you have not answered:

  1. How do you decide when to sell? You speak a lot of bases, and broken bases, and bounces, but not about resistance or when you choose to get out.

  2. Why do you want free coins and not free money that won't depreciate greatly in value over time? Why spend years making free coins that might all lose value some day, when you could keep making money and storing that instead?

Thank you!

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Hi goldmandefender, I would like to answer your 2 questions:

  1. I believe Luc've already answered this question. You sell when you're in profit. That's it! Be no greedy, take profit when you have it, and enjoy the play! That is the mindset. As for the actual practice, to be safe, you sell just under the base you're playing. Or, you can read the story of the chart to see how normally this chart would bounce. Does it normally bounce higher than base or just barely touch? How high the bounce normally happen? You play accordingly, the chart tells all. Ah, and remember to layer your sells out, and play the bounces.

  2. It's the "free coin" mindset. Because it's FREE coins, we don't street over it. Luc says it better, this is Luc's answer from the Slack, enjoy!:

The problem is not mathematical its mindset.. In order to not feel fear or greed (emotions that kill traders) you have to be able to separate investments from trading.. If I told you that if you sweep some old guys step each morning some mornings he would open his door and give you $10 and sometimes he would give you $50 and some mornings he wouldnt give you anything but then some mornings he would give you $5,000 .. would you keep sweeping? its not costing you anything to sweep... Your not losing anything.. So you may aswell keep sweeping, even if for a week he doesnt open his door and toss out $5... Your account will only keep growing, because it doesnt cost you anything to keep sweeping.. Its the same here.. You have a function/exercise to preform everyday.. you cannot predict the future.. You dont know if the coin your "sweeping" (trading) will go up or down longterm.. but you create free coins, and thats your function (thats sweeping)... Sometimes they go up and you get paid, and sometimes they go down and you keep sweeping.. But you cannot think of those free coins as money, until they take off upwards (they are just free, they didnt cost you anything).. Because when they do run up, then you can't sweep, you can only receive payment... The point is to avoid Fear and Greed from clouding your judgement you have to separate your investment from your trading... Your account balance is whats in FIAT if thats your base curency or your balance could be whats in BTC if thats your base currency.. and all other coins that you are holding long term are free ones that you have created from trading. (you cannot predict what will happen with those, only you know that you will get paid handsomely from most of them)

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Man! I thought I was a huge fan! :)))

Great post again QFL. It's really nice to see how you really love what you are doing. It's contagious :-)

Hi Luc,
I'm a long time Forex trader and starting to trade the crypto market. I'm a little confused. If you buy ETH with USDT and then sell, aren't you just accumulating USDT instead of increasing your ETH?

Hi Luc, I personally wanted to thank you for your kindness and all your work through your videos and posts. It's very inspiring to see people how still do good for no other reason that to contribute, not selling stuff.

I'm feeling more confident every day with my trades and I've been making small profits. I hope to learn soon when is the right moment to sell so I stop making small profits (3% - 5%)

Hi Luc,

I really appreciate your video's and sharing your trading technique with the community. Thank you for that!

I'm trying to trade like you and call the right bases, but most of the times I feel that I've missed the trade and the market is moving away from my position. Especially in the sea of red we've seen over the last couple of days. Instead of generating new coins I am holding on to my position, to wait and see if the market recovers.

Screenshot at Feb 25 15-28-02.png

Could you please check and comment on this screenshot of PDC/BTC? Did I call the right base (red line)? And did I set the sell-orders to high? How would you handle this position? I'm very interested in your opinion.

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it appears you bought after the bounce?? You have to buy the panic drop after a base has been cracked... Once it bounces back to the base, the trade is over.. price discovery has already happened.. everyone has gotten used to the new range.. Where you entered is not my method...

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Now that you've mention it, it's as clear as day. Thanks for the feedback.

Could you do a more in depth video on the small account building trades using thinly traded altcoins. I know you mentioned it in one of your older videos but could you go into more detail? Thanks again for all the great videos and posts keep it up

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I too want to know more about growing small account trades.. @quickfingersluc

Very informative, learnt a whole lot from your video as always. Thanks a lot

Luc, keep up the great content for us! What do you think of WTC/ETH right now. It's clearly a huge drop after some bad news on Twitter, but the chart (IMO) looks great to buy. What are your thoughts?

wtceth drop.png

Will you eventually re open your slack for new users?

Hi Luc! Firstly may I just say how lucky I feel to have stumbled across your videos! I have watched a few whilst taking notes, and have waited 2 weeks for Steemit verification to post a reply here. I just wanted to know if there was a specific order to watch your videos in? I want to start trading very soon but do not want to start until I have properly learnt what you have taught. Best regards.

Hey everyone! Was wondering if anyone in the community can recommend some good alts to trade on, would really appreciate it!

Is it still possible to join your Slack? Your videos are excellent but I'm still new to much of this and believe it would be very beneficial to have a live chat to talk to peers about the cryptoworld.

Please don't go away, your videos are an excellent way to learn on crypto trading!

I like your work dear
You and analyst @salahuddin2004 are two top analysts of cryptoworld.

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Hi umer, how can we follow Salahuddin on whatsapp or twitter, or any facebook ID?

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On steemit just click his name