solreb:

God bless you sir for sharing the Telegram channel "Binancewaves" which I quickly joined. I knew how much I made shorting UNFI, so I shorted FLM too and made some cool dough. I will continually be watching Binancewaves and @pumps where the call I made for a shorting ride of another call.

Fastt:
For newbies, this is the time to start buying.

1.Buy only btc for now. No matter the quantity. Capital preservation
2. Spread your investment. Go 30% on 24 k. As it dips, DCA. If it rises, sell at 29k. Rinse repeat. Until the economy starts picking up or when you want to take profit.
3.No sh1tcoin. No matter the temptation. Watch the market. We are in crisis, there is fear. Buy only when there is fear. Not easy but this is how to make money. Switch your mind to a robot.
4.celsuis network causing massive dip too , macro economy etc. The goal here is to accumulate btc. Every other thing is noise.
5.forget those selling books. You can get books free online.
6.donot have any mentor. Let btc be your mentor.
If you are new to crypto now and start buying, congratulations... You will be richer than those that got in last yr. Only if you focus and get it right.

kodded:
I
@bolded, if you think making it big in crypto involves using high leverages, then you are the part of the 95% teaders that will end up with a blown up trading account

I risk 1% to get 3 - 5% profit, that way any prediction that I missed wil not hurt my portfolio and if I'm consistent with my 3 - 5% profit for a long period of time, you will realise that little profit can be accumulated into a reasonable profit over a long period of time.

Compare that to someone who is willing to risk 10% of his capital to gain 60% profits.

Now if that person lose twice, that person will lose 20% of his capital where as in my case I will only lose 2% and I can easily recover the 2% if I stick to my working strategies.


In trading you protect your capital first before making profit because the market is nobody friend

Kingsteve:


So you really think you'll be consistent over a long period of time with your 1% strategy?

Do you realise that price fluctuations in crypto are volatile, and can easily swallow 1% and more before 'correcting' and finally going back up?

If you employ that 1% strategy, I can bet my bottom dollar that'll you make more losses than profits, simply because you will be easily whipped out of the markets.

Pick any coin of your choice and monitor it's daily price movement on the chart, and you will realise how easily 1% can be eradicated.

Kingsteve:


I'm not here to dispute your claims about using it to rake in profits or not!
What I just explained to you is borne out of years of trading experience as a scalper/day trader.

Scalpers on average make 3% and above, depending on the market psychology, and I must tell you, even those low figures sometimes are hard to come by, especially in a bear market, because of price volatility, which can keep a trader stuck in the market, a bit longer than anticipated if the entry isn't on point.

Again, for you to make such claims about your 1% strategy, it means you're a consistent scalper, which is the hardest form of trading.

Are you a scalper?
If you're not a scalper and still claim that you employ the 1% strategy to hodl for a day or more, I put it to you, you have no idea of what you're saying.

This is practical trading we're talking about here, not paper trading or theoretical trading where they make everything sound easy and one-dimensional.
As a scalper and day trader, I constantly adjust my market settings in response to the price movements.

Your strategy sounds so rigid and one-dimensional.
A good and experienced trader reacts to market price for more profitability when prices start moving higher than initially estimated, or less when prices fall sharply than anticipated.

My strategy is simple!
I do only spot trading.
Follow the trend, trade near support areas.
For day trading...nothing less than 5% in profit, as the worst case scenario.
For scalping...nothing less than 3%.

On risk management, I sell at a loss when price falls below the area of support I bought.
I sell when the D1 and lower timeframes have all registered red candles, and gradually spilling into D4, I know it's time to cut my loss, irrespective of the drop in percentage change which isn't always on the high side due to buying around support.

Even in this bear market, I made 10% today on some select coins that go the opposite direction in price movement from BTC.
Again, to be a successful trader, one's account must be able to cushion the market volatility when price goes against you.

Trading is deeper than meets the eyes.
It's not for everyone, cos it takes a whole lot of brainstorming and analysis to win consistently and decipher the market.

Moloso:




All the 1% talks can only happen in forex because of the lot size the use. Na why we tell them say crypto and forex no be the same thing they no go gree... Try that 1% rule on cypto and see if you go make profit

Moloso:




All the 1% talks can only happen in forex because of the lot size the use. Na why we tell them say crypto and forex no be the same thing they no go gree... Try that 1% rule on cypto and see if you go make profit

kodded:

I make profit with my strategy and you make yours from your strategy
I'm conservative with my strategy and you are not
.so what's the big deal?

kodded:
lol, I make massive profit with my strategy as long as I'm consistent


There is no master strategy, even the one you use has sent alot of traders back to the trenches

The major way to win in trading is consistency, if you risk 4% and I risk 1%, it's still the same thing, all that matters is how you manage your risk and run your winnings.



Consistency is the key, without it you will be takeing a step forward and two steps backward

Jas80:


If u are new to crypto, I use God name beg u, No buy, use ur money for better thing

Moloso:




All the 1% talks can only happen in forex because of the lot size the use. Na why we tell them say crypto and forex no be the same thing they no go gree... Try that 1% rule on cypto and see if you go make profit

moshuur:

Thank you bro for d all responses u've given me....

Geovanni412:
Disclaimer : This is not financial advice. I opened short positions on xmr and algo/usd. I am using Deriv as my broker (mt5).
XMR- sell

Entry -174.1
s/l at 184.0
t/p-1 at 110.0
t.p.2 at 50.0

ALGO- sell
ENTRY -0.36
s/l at 0.41
t.p1 at 0.29
t.p. 2 at 0.10

MODIFIED : I opened sell order on trx as well
TRX- sell
entry - 0.0769
s/l - 0.083
tp 1 at 0.055
t.p. 2 at 0.017

Geovanni412:


, My nigga, make we dey beg them before dem go shout, Crypto has finished me!!

Geovanni412:


Bro, were you able to get in on the short moves i posted for trx, xmr and algorand?

OpenHeaven2019:


I honestly have not introduced new funds to my crypto portfolio - I have rather be taking profits and moving to stables.

And yes as I have repeatedly said, as long as btc hasn’t created a new ATH I remain bearish in the short term and would be waiting to fill my bag at 18k - 20k.

This will only change if we create a new ATH (I hope we do). A one day price action does not create a trend.

Jas80:


U sef, coin dy pump on e own jeje, u carry am come here come do aproko, now, e don dy dump.


I don finally leave crypto for una

Mazinewmoney:
Modified - Same here..... BTCDOM long/Short?

OpenHeaven2019:
If you don't have a plan when to buy, make one, NOW.

My plan - I’m waiting for BTC to go below it’s 2017 high just like ETH has done. With ETH major support broken, ETH sub1k is just a matter of time.

Moloso:




All the 1% talks can only happen in forex because of the lot size the use. Na why we tell them say crypto and forex no be the same thing they no go gree... Try that 1% rule on cypto and see if you go make profit

armadeo:


Omo no be my fault. I collect profit e collect am back + interest. I start to look am. Na here sef me see the coin.

orikoku:
I can't believe my 80k naira has remain 41k naira in XRP, please should I sell it or I should still leave it. I need candid advice. Thanks.

orikoku:
I can't believe my 80k naira has remain 41k naira in XRP, please should I sell it or I should still leave it. I need candid advice. Thanks.

moshuur:

Yeah.....only on algo.
Actually I am still an amateur in futures so I only play around with 10$ at a go.
I shorted algo on binance but had to close soon.

2 things happened (1 confirmed...one speculation)

I short my self in d foot by using high leverage (20x)...so any small up rally had huge impact.(confirmed)

you made mention of deriv/ftx calculation having a little bit different calculation compared to that of binance....So i think "maybe " i should do my futures trading on either deriv/ftx instead of binance for a more favorable futures calculations (speculation...., not yet confirmed by me cuz I've not used it).

I later looked at binance futures calculator and I realised that the calculation on all three platforms is the same. But, in my opinion, i found it easier to navigate around deriv and ftx compared to binance futures.



So for now, I am just observing d market whilst learning some basic T.A .

Thank you.

orikoku:
I can't believe my 80k naira has remain 41k naira in XRP, please should I sell it or I should still leave it. I need candid advice. Thanks.

orikoku:
I can't believe my 80k naira has remain 41k naira in XRP, please should I sell it or I should still leave it. I need candid advice. Thanks.

Geovanni412:


Who is seeing the bloodbath on trx happening today? it is down by 15 percent today alone.This is what is driving the quick move down on crypto--https://www.forbes.com/sites/billybambrough/2022/06/12/fed-fears-spark-sudden-100-billion-crypto-price-crash-sending-bitcoin-ethereum-bnb-solana-cardano-xrp-dogecoin-tron-and-avalanche-into-free-fall/?sh=384f64302e35