Everything is falling and I'm buying.. I want to discuss the AMP chart for a second
Lets look at Synereo (AMP) for a second because it looks like its getting a huge drop..
Do you want me to keep making small updates as Im trading through the day?
I dont have time for long explanations about the basics of trading my style, but I can make 5 min videos here and there when I see things that are interesting and opportunities..
Luc
BSD around noon
Just made a nice little trade on BSD/BTC from .000075 to .000088 for a 13% gain.. and so I get to keep some free BSD for the future :)
PTOY around 2:30 pm
Just made a nice quick 20% trade on PTOY .00005 to .0006
quick 20% at 2:30 pm
Small updates during the day is great. I think i'm getting the hang of this now. I keep on saying it, but i'm gonna say it again, thanks for sharing your knowledge.
yup, no problem.. I want to make a huge group/community of rich traders :)
Thank you very much luc, after we got some knowledge we could discover more oppotunities in a very short time and try to grab it!
awesome!
Would be great for us new guys to go over your thoughts on which currency is best to buy when initially buying in from coinbase for example. Do you recommend buying Bitcoin, Ethereum or Litecoin since certain coin can only be traded using specific coins and markets? Also, which markets should we be setting up getting ready for trades like these? Do we only need Kraken and Bitrex in your opinion?
I cant really help with this question, maybe some other followers can help you.. I have never used coinbase, I only bought $300 of bitcoin from CAVirtex Canada (Closed, bought by kraken) 2 years ago and never bought anything more..
Oh and for the second question, yeah, i do like bittrex, and kraken, and many others too.. but probably id start with a big one like kraken
I'd buy bitcoin first. It's the base trading currency for for all alt trading and is relatively less volatile.
I really appreciate the insight here on the Amp chart and implications of a small bounce. These trading techniques have actually gotten me excited about when the market is "bleeding" and, even better, buying with confidence even if it keeps going down or doesn't bounce right away. That confidence has been worth everything. Thanks as always Luc.
I love the long videos, but the short ones are great too! Thank you!
Thanks Luc for sharing. Good to know I'm buying at the right places you are using your technique. I have a question tho. Instead of just focusing on a couple of trades, I have bought a total of 12 different coins on this crash but exhausted all my ethers now. Is it better to scale back and save some for more of a dive like you're placing your buy order, or diversify like I am? Or doesn't matter? thanks.
I really use most of my money in big trades.. and all these small coins are just tiny trades.. Im all about safe trades, so I buy big on the charts that seem absolutly safe... In the stock market buying small on lots of places takes tons of commissions and that eats the little guys account, but in cryptos you really have the advantage of spreading out your money all over.. as long as your really reading the charts and making sure your getting in safe charts, i would say its best to buy a bunch of different coins, but if you are unsure about the process still, because your new.. then maybe make a favorites list of only the safes coins you can find and trade only from that list
Thank you Luc!!! This makes much sense, and I will put this into my arsenal. BTW, I've seen all your videos on YouTube before you took it down and commented under TypeRob. Now I'll be using Steemit for now on. I have been implementing your style with real money trading only cryptos in the past month and it has really paid off. thank you for all you do, I'm a fan and you're my mentor.
Hey, thanks for letting me know that you are making some $$.. That make my day, to hear some traders understand what Im doing and are making money with it..
thanks for answering this, I was wondering same thing....buy big on few trades at safe zones...got it
Hi Luc, thanks for sharing your strategy with us. I used to trade forex but stopped due the unpredicabilty of it, unless you have an advanced strategy. Now cryptos are attracting me back to trading. I am setup to go but waiting for the whole Bitcoin Cash thing to die down from the first of Aug before making my first trade. In the comment above you said ' I really use most of my money in big trades'. I would just like clarity on what you mean by most of my money (in percentages of my total amount). I notice that you sometimes increase your buy-in as the price goes down after cracking, expecting the bounce. What would you recommend the percentages be. 2%, 5%, 10%? - Also, does you strategy allow for selling (going short), as it cracks base? It seems logical to make some money as it plummets?
Yes, These small updates are really helpful. I got in on AMP at a low price after seeing your video. Now waiting for it to get back to the base!!
For these kind of market dips, approx. how much time should we guestimate for these to get back to bases?
could take a week or more....unless there is some news, a rumor, or the entire market bounces, then it could happen fast.. but the most important thing is I want to own it anyways, so im not to worried about it.. but likely it will start to bounce soon.. Im still hoping it goes down a little more, so i can get in big..
Sounds good! Thanks Luc :)
Luc could you help me understand how you calculate the percentages? I tried going off the % chart on coinigy but their results are off compared to yours. Like your PTOY trade .00005/.00006= 0.83. Is that less than 1% difference? You said it was 20%. These decimals confuse me
Use Shift + Left Click and drag, you can see the percentage
hey that does work really good... thanks
tysm i was going to start using a calculator lol
i do it in my head... its around 20% .. not exact numbers.. so think of 100, and 10 is 10% of 100.. so whats 10 of 50.. 10 of 100 = 10% so 10 of 50 = 20% ... so .000050 to .000060 = 18ish %
In coinigy, along the left side where the drawing tools are, there's a "long position" tool right above the arrow that faces left. If you hit the drop down menu in that "long position", there is a "price range" tool that will give you the %. You can also use the long % tool if you want to test how far you'd want it to fall, but not necessary with Luc's method.
Hey Luc. Amazing content you have here.
Have been following for some time and have read many of your comments and posts to get some understanding of your point.
I would appreciate if you could spare a moment to share an answer for my question.
I understand that you make the profit of dips by getting in them where it is "safe", but I just had a look on all the coin's in this post (AMP,BSD,PTOY) and it seems like they are all having a bad time few months later.
Is this such a common thing in crypto's where the coin might be trading volatile for a while and then just loosing it's steam? Is it worth then looking back in to the coin once it has dropped to all time low's or just rather move to the next one?
Appreciate your content,
You want to always calculate your odds for every trade.. If a coin has not been respecting its bases, then you should avoid it.. however, coins that are making new lows are often your best opportunities.. So you really have to mark up those charts and get a good feel for what is a base and what is panic on the coin you are checking.. I would have no problem trading AMP/BTC as an example.. I like the chart
Yes Your good