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Crypto Currency Investors Thread - Investment (2699) - Nairaland

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Re: Crypto Currency Investors Thread by Geovanni412(m): 2:16pm On Aug 11, 2022
Kingsteve:


Again, about stop loss...
I don't use stop loss.
More often than not, a stop loss will wipe you prematurely out of the markets.

When you understand the candlestick patterns, trading on lower timeframes, and most importantly, identifying crucial support levels, you do not need a stop loss!

I do not use stop loss.
Personally, I feel that stop loss is for newbies, to protect them from being in danger of losing their capital.

When you become a pro/advanced trader, believe you me...you won't be needing/using a stop loss!

Learn more about candlestick patterns, it will help you more in your trading strategy.

There are traders that don't set stop loss and there are traders that do. However, every trader has a point at which they admit or are forced by the market to admit they are wrong - we call this mental stop loss. That being said, don't force your preference on us and place it as the gold standard. I say this because in futures trading, one cannot survive without having an idea of proper stop loss. You mentioned stop loss taking you prematurely out of trades - that only happens when you have tight stop losses or due to slippage by the broker you are using. There is no damn way you will be right in the direction of your trade and the market will violate 2 daily atrs and kill your trade. If you find the day it happened on btc, lemme know.
If stop loss is unimportant,why do prop firms insist on it for all their traders?
Your trades have been working good - that is a fact. Since you're so sure of ya method, what stops you from taking trades on futures with your mental stop loss in mind?

3 Likes

Re: Crypto Currency Investors Thread by Siberia01(m): 2:17pm On Aug 11, 2022
Kingsteve:


Again, about stop loss...
I don't use stop loss.
More often than not, a stop loss will wipe you prematurely out of the markets.

When you understand the candlestick patterns, trading on lower timeframes, and most importantly, identifying crucial support levels, you do not need a stop loss!

I do not use stop loss.
Personally, I feel that stop loss is for newbies, to protect them from being in danger of losing their capital.

When you become a pro/advanced trader, believe you me...you won't be needing/using a stop loss!

Learn more about candlestick patterns, it will help you more in your trading strategy.
. grin
Pro trader indeed without SL ......
Since your the market maker

2 Likes

Re: Crypto Currency Investors Thread by Kingsteve(m): 2:19pm On Aug 11, 2022
XaToXi:


Are we expecting a pullback anytime soon?

What are the levels for TP before retracement?

25k? 26k? 28k or 30k?

BTC just broke the 24.6k resistance...good news!
Expect more upward movement, albeit not that much until a new higher high is formed.
25k-plus is the next target, but I'm not too sure if BTC can sustain the rally to 25k-plus uninterrupted today.

So to be on the safe side...switch to lower timeframes, and observe when BTC seems to be losing steam.
When all the lower timeframes begin to show signs of weakness, take your profits and wait for BTC to settle at any support ranging from 24.2k, 23.9k, 23.6k and 23.3k

Below is a weekly timeframe showing the space between the current price and 26k.
26k seems to be achievable very soon, if BTC keeps powering with such brute force.

7 Likes 1 Share

Re: Crypto Currency Investors Thread by Kingsteve(m): 2:21pm On Aug 11, 2022
Geovanni412:


There are traders that don't use stop loss and there are traders that do. Don't force your preference on us and place it as the gold standard. I say this because in futures trading , one cannot survive without having an idea of proper stop loss. You mentioned stop loss taking you prematurely out of trades - that only happens when you have tight stop losses or due to slippage by the broker you are using
Finally, if stop loss is unimportant,why do prop firms insist on it for all their traders?

I will agree with you that SL is very crucial in futures trading.
But I only do spot trading, and to be honest with you, I can't remember the last time I used SL
Re: Crypto Currency Investors Thread by Kingsteve(m): 2:23pm On Aug 11, 2022
Siberia01:
. grin
Pro trader indeed without SL ......
Since your the market maker

I am not a market maker, but knowledge is POWER!

7 Likes

Re: Crypto Currency Investors Thread by Kingsteve(m): 2:28pm On Aug 11, 2022
Geovanni412:


There are traders that don't set stop loss and there are traders that do. However, every trader has a point at which they admit or are forced by the market to admit they are wrong - we call this mental stop loss. That being said, don't force your preference on us and place it as the gold standard. I say this because in futures trading, one cannot survive without having an idea of proper stop loss. You mentioned stop loss taking you prematurely out of trades - that only happens when you have tight stop losses or due to slippage by the broker you are using. There is no damn way you will be right in the direction of your trade and the market will violate 2 daily atrs and kill your trade. If you find the day it happened on btc, lemme know.
If stop loss is unimportant,why do prop firms insist on it for all their traders?
Your trades have been working good - that is a fact. Since you're so sure of ya method, what stops you from taking trades on futures with your mental stop loss in mind?


I take trading as a primary occupation.
I've worked hard over the years to make sure that I can trade with any capital.

Give me N100M, and i will comfortably trade without shaking.
Futures trading won't give me that peace of mind.

I want to be able to have control over my trades, not the other way round.
I will never do futures again...never!

As you dey see me so, I can retire at any age, knowing that I've set up trading skills that I can rely on, even from the most comfort of zones anywhere in the world.

That has been my ultimate dream.

11 Likes

Re: Crypto Currency Investors Thread by DenreleDave(m): 2:39pm On Aug 11, 2022
Kingsteve:



Give me N100M, and i will comfortably trade without shaking.
Futures trading won't give me that peace of mind.

I want to be able to have control over my trades, not the other way round.
I will never do futures again...never!

Very true.... Future gives no peace of mind....

If an expert like u avoid future, I no no wetin person like me wan find go there.

I didn't even bother to learn it at all.... Me and spot are like 5 & 6


Boss, any sign of pull back on btceeeee soon?

6 Likes

Re: Crypto Currency Investors Thread by Kingsteve(m): 2:42pm On Aug 11, 2022
DenreleDave:


Very true.... Future gives no peace of mind....

If an expert like u avoid future, I no no wetin person like me wan find go there.

I didn't even bother to learn it at all.... Me and spot are like 5 & 6


Boss, any sign of pull back on btceeeee soon?

Just wait till BTC loses momentum if you're planning to go long.
Patience is another skill needed in trading.

When BTC touches a support, you will know.

6 Likes

Re: Crypto Currency Investors Thread by Pristine664: 2:43pm On Aug 11, 2022
calebify1:
It’s very simple. Anyone that knows what’s paying them, they should just keep it to themselves to avoid insults. If the person has good intentions they fit just make you look bad.
SMH.

Well said. Omobola has done nothing wrong in this case. I expect everyone here to be above 18 years old.

3 Likes

Re: Crypto Currency Investors Thread by Omobola121(f): 2:44pm On Aug 11, 2022
Last week, I wanted to try out futures trading. I already transfer funds from spot to futures that's how I remember you....omorh I commot am oo

Kingsteve:


I take trading as a primary occupation.
I've worked hard over the years to make sure that I can trade with any capital.

Give me N100M, and i will comfortably trade without shaking.
Futures trading won't give me that peace of mind.

I want to be able to have control over my trades, not the other way round.
I will never do futures again...never!

As you dey see me so, I can retire at any age, knowing that I've set up trading skills that I can rely on, even from the most comfort of zones anywhere in the world.

That has been my ultimate dream.

1 Like 1 Share

Re: Crypto Currency Investors Thread by Kingsteve(m): 2:48pm On Aug 11, 2022
Omobola121:
Last week, I wanted to try out futures trading. I already transfer funds from spot to futures that's how I remember you....omorh I commot am oo


grin

Gather capital, and learn more about spot trading.

You won't regret it.
Tell me, which business pass spot trading?
And to crown it...you earn in hard currency!

Avoid futures!
Na trap!

3 Likes

Re: Crypto Currency Investors Thread by Pristine664: 2:48pm On Aug 11, 2022
Omobola121:
Your head is not correct.

Check anywhere. You think everyone is a bad person or scammer. Idiot


Please remove that name. You don't need to put your name on a faceless forum like this to prove anything. You've done nothing wrong.

If Nitvel had turned out good some persons wouldn't have even appreciated you for the info.

Don't let this stop you from sharing valuable info still.

11 Likes

Re: Crypto Currency Investors Thread by Chikacha: 2:57pm On Aug 11, 2022
Omobola121:
""”"""

Check anywhere. You think everyone is a bad person or scammer. Idiot

Nne please remove this name, It's too risky. If not for yourself do it for the newbies. This name can now be used to scam someone.
Too much information.
Alice is a very nice name. cheesy

5 Likes

Re: Crypto Currency Investors Thread by Omobola121(f): 3:00pm On Aug 11, 2022
Thank you...please how do I remove it. Been trying too

Chikacha:

Nne please remove this name, It's too risky. If not for yourself do it for the newbies. This name can now be used to scam someone.
Too much information.
Alice is a very nice name. cheesy
Re: Crypto Currency Investors Thread by Pristine664: 3:05pm On Aug 11, 2022
Omobola121:
Thank you...please how do I remove it. Been trying too


Click "modify" edit and resubmit.

1 Like

Re: Crypto Currency Investors Thread by Fastt: 3:21pm On Aug 11, 2022
How do we know that you are the real user Omotola with the name stated. Post your pics(left and front) with our id card(preferably internation passport, [size=2pt]finger print included[/size]) and your pregnancy belly with a papper written with the username and Id, at 17hrs gmt before we take you serious angry

There will be pull back from btc. don't go all in. we might as well be in a bull trap.Trade with caution!
Source: Trust me bro!
Re: Crypto Currency Investors Thread by jtjohn(m): 3:28pm On Aug 11, 2022
Fastt:

check coingecko, type any coin you want, click on the exchange button, they usually tell you valid place to buy. Or click on the website from coingecko.

Always go through coingecko or coinmarketapp.
For NETT, MEXc exchange
for HERA finance, their website, i bought Metis on gate then swapped for HERA. I think you can also swap with other token.
METIS, (Mexc /Gate).
These are high risk speculative assets. Do your own Research.
I combine with low risk too so i don't go back to my village like dereleDave

ps, next time, question like this, post a general question, you are more likely to have an up to date response than quoting someone directly wink who might tell you to join watsapp group for 3 usd grin .


Thanks boss

Lol
Re: Crypto Currency Investors Thread by Fastt: 4:02pm On Aug 11, 2022
jtjohn:



Thanks boss

Lol

Hope you bought. NETT went to 30% ,
Re: Crypto Currency Investors Thread by Emmizay12(m): 4:14pm On Aug 11, 2022
Kingsteve:


grin

Gather capital, and learn more about spot trading.

You won't regret it.
Tell me, which business pass spot trading?
And to crown it...you earn in hard currency!

Avoid futures!
Na trap!

Because you no fit handle am,,, no mean say you go speak bad of it,, you are a good spot trader,,, another man can be a good futures trader......

Where you will fail in futures is where you have zero skills, zero experience and you just want to throw money into it and make money,,, even people wey spend 4yrs for university they still graduate dem no fit blow,, na futures you wan blow overnight, I laugh,,,,,,,, pay your dues and study hard inshort sacrifice 1 to 2 years of your life learning it,,, you will never know poverty cos nothing good ever comes easy..... My 2 cents

5 Likes

Re: Crypto Currency Investors Thread by cmoney22222: 5:22pm On Aug 11, 2022
Futures trader here. I just love futures trading

2 Likes

Re: Crypto Currency Investors Thread by SaintUlot: 5:24pm On Aug 11, 2022
Kingsteve:


Do you remember explaining this BTC 4hr chat to you yesterday?

Did I not state that BTC price will open above 23k for today?
Did I not state that the support of 23.4k will likely hold?
What other definitive analysis do you want?

If you or anyone else had opened a long from that support, you're sure of nothing less than 3% profits or more for today.

I used that BTC support as a guide to trade on Altcoins, and I sure made some decent profits.

What other explanations do you need to make it definitive?

Below is yesterday's 4hr BTC chart which I posted for more clarity.

Which app is this?
Re: Crypto Currency Investors Thread by Qinglong(m): 5:24pm On Aug 11, 2022
Please, is it possible to register on Binance and buy crypto with a virtual credit card? Whether for HODL or regular trading.

If not, which reliable crypto platforms accept virtual credit cards? Asking because I remember trying to register on Coinbase in June with my credit card, but it didn't work since our government has too much wahala.

How do you guys bypass the current restrictions abeg.
Re: Crypto Currency Investors Thread by NotBeenPaid: 5:28pm On Aug 11, 2022
Omobola121:
I'm actually discouraged so I told other admins to remove those joining but some private chat me that they want to stay. You can DM me.

Sent you a mail.
Re: Crypto Currency Investors Thread by NotBeenPaid: 5:30pm On Aug 11, 2022
Kingsteve:


grin

Gather capital, and learn more about spot trading.

You won't regret it.
Tell me, which business pass spot trading?
And to crown it...you earn in hard currency!

Avoid futures!
Na trap!

Boss please how much capital do I need to have to go spot-trading?
Re: Crypto Currency Investors Thread by Seankhalifa: 5:42pm On Aug 11, 2022
Abeg if u want to use my link register pi.. hala me..
Re: Crypto Currency Investors Thread by Kingsteve(m): 5:48pm On Aug 11, 2022
SaintUlot:


Which app is this?
Tab trader
Re: Crypto Currency Investors Thread by Khayceeofficial(m): 5:49pm On Aug 11, 2022
foreverproduct:


Just checked and noticed it. Negative balance of 1205. Wonder why that is?

E don cast
Re: Crypto Currency Investors Thread by Kingsteve(m): 5:49pm On Aug 11, 2022
NotBeenPaid:

Boss please how much capital do I need to have to go spot-trading?

You can start with as little as 100k, but the returns won't be much.
The heavier the volume, the better the ROI

1 Like

Re: Crypto Currency Investors Thread by NotBeenPaid: 5:54pm On Aug 11, 2022
Kingsteve:


You can start with as little as 100k, but the returns won't be much.
The heavier the volume, the better the ROI

Thanks Boss.

3 Likes

Re: Crypto Currency Investors Thread by Kingsteve(m): 5:57pm On Aug 11, 2022
Emmizay12:


Because you no fit handle am,,, no mean say you go speak bad of it,, you are a good spot trader,,, another man can be a good futures trader......

Where you will fail in futures is where you have zero skills, zero experience and you just want to throw money into it and make money,,, even people wey spend 4yrs for university they still graduate dem no fit blow,, na futures you wan blow overnight, I laugh,,,,,,,, pay your dues and study hard inshort sacrifice 1 to 2 years of your life learning it,,, you will never know poverty cos nothing good ever comes easy..... My 2 cents

I started my trading journey in futures.
Along the line, I realised I wouldn't be comfortable to trade with huge amounts of money.

Again, futures trading won't give me the freedom to use my trading strategy effectively.
Like I mentioned earlier in my previous post, I am not a fan of SL

I prefer to cut losses on my own, when all support levels have been broken, and a looming downtrend is forming.

For every loss I make, I must recover it from the markets, back to the initial amount invested.

In futures, I don't think I'll have such privilege for such manoeuvres.

In summary, I tried both spot and futures, and I realised spot is the way for me, as it suits my trading style.

6 Likes

Re: Crypto Currency Investors Thread by DrShomo: 6:45pm On Aug 11, 2022
Download star network app @ play store


Use robnectar as referral,... This coin is the next bomb by November,... Don't say I didn't tell y'all
Peacewink
Re: Crypto Currency Investors Thread by Siberia01(m): 6:55pm On Aug 11, 2022
Kingsteve:


You can start with as little as 100k, but the returns won't be much.
The heavier the volume, the better the ROI

$100 is ok with leverage tokens

3 Likes

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