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Very great videos, bravo , I am starting to buy crypto currency, I am investing few thousands, which crypto currencies should I start now? ( I prefer to hold them for few years unless things change drastically)
No market velocity (supply x demand). Simple! I predicted in April BTC would hit 5000 usd in June. I also predict 4000 usd in July. I’m buying buying buying all the way down to the bottom. Happy days. I love bargains. I’ve been waiting since April to buy back in from December 2017. MSM do not cover crypto space unless it’s negative news which negates new money coming in the crypto space. I’m waiting for Deutsche Bank to collapse, Italian banks to go bust, Italy, Spain to go bust and the breakup of the European Union.....that’s when and only when you will see cryptos moon. All in the next 12 months.....bring it on😂😂😂😂
What should you do if you are way under water? I missed my stop loss entry on a dump, I expected it to come up and it dumped again, do I wait out the storm? Or should I cut my huge loss and try to trade the coming squeeze /etc.? Thank you
In my Opinion Silver is the most undervalued asset out there right now.Here are some junior Silver producers/Explorers many at historical lows that should do very well with the rise in Silver. Silver Bull resources (SVBL),Gogold resources (GLGDF),Bayhorse Silver (KXPLF),Golden Arrow resources (GARWF),Excellon Resources (EXLLF) and Minauraum Gold (MMRGF)
Trading it is the way to go and if you are holding on , iit may be better to sell some of your holdings and wait for a definite bottom and a bull trend to buy back. Buy and hold method does not work unless you dollar cost average, but the old saying is don’t catch a falling knife. Yes, be patient
ive been watchin around 6 chart people. And you are the best for me. I think there are many trading styles and you are not predicting anything, you just take it day by day and you adjust to the situation very fast. I love it man and i love you (no homo) . Also there is a lot of negative thoughts in my mind but making good things is doing good for me. Thanks a lot for the trade and LIFE lessons.
Trading on fundamentals =/= Long-term holding on fundamentals? Lets say i like ETH, ZRX and OMG, just holding makes sense due to the strong fundamentals doesnt it? Maybe i could increase my stack via trading these graphs, but if im not a good trader i should just hodl right? Thanks for your vids, interesting stuff!
I was considering a bot also, but a standard bot would only be close to efficient in a uptrend or sideward consolidation phase. ( and he would ladder buy bags as prices go down ; ... and I assume he would generate 1000ce of lines per weak ; each line would need to be calculated buy my tax accountant ... so he would only earn money for my accountant and the tax institute ... ) ( ... )
When using a "Stop Loss" I always consider that there´s a "Stop Loss Hunting" going on also. ( Whales buy and sell large amounts in high frequency ... sometimes creating walls of wig fences )
So I prefer to do my "Stop Loss Trailing" manually after the prices moved up some percent. Like yesterday I bought ETH and watched the price go up. Then I put my Stop Loss above the area where I have entered in.
That way I could sleep in peace. And of course it was triggered, since Bitcoin took the whole market down one more leg. So this morning I thought : well maybe I should have just taken my 2 - 4 % scalped profit as I have seen on the screen and go back into cash again. ( next time I will )
There are platforms like Kraken, on which they have the possibility to create 2 orders at the same time.
1st order : buy at prefered price. 2nd order : sell at % profit or at "Stop Loss" etc. e.g. ...
But I don´t trust that platform, since the "Stop Limit Order" there in fact triggers a "Market Sell" and it can happen that your "Stop Limit Price" will be lower ( in flash crash situations). I want sell price control.
( more than 5% ... ; sorry not with me ) On Kraken they actually plan to have more professional order types in the future. Until then : Coinbase Pro and Binance are the "Creme De La Creme" for me.
Very well explained. This part seems to be so trivial that no vlogger ever explains it. I follow the Crypto Lark and Crypto Spark and Coin Mastery and Data Dash, and they all use stop losses but don;t explain HOW. What a bummer. So again thanks for your info! The reason I did not 'get', is because I saw it as a ONE STEP facility. So like you just put an order which buys 10 coins at 0.0012 BTC a piece, and sells those when the price goes below 0.0011 BTC. I just did not conceive the idea yuo had to first BUY coins and THEN had to manually set the stop limit (why not cal it stop loss? So silly Binance does not title it correctly). Even the word 'stop' is used differently, but now I understand all of it. I did not dare to use it, as I was afraid it would sell my (existing) coins even if there were none bought. Suppose you have 10 coins and want to buy 10 more but use a stop loss? I was afraid my own 10 coins could be sold even of the buy did not go through. Any how: I get it. And I really wish Binance (and others, like KuCoin, Bittrex, GDax, etc) would implement it the way I want it. Like (1) tell the exchange how many coins you want to buy at which price, (2) create a trigger when to buy (the current stop limit is then used), (3) and (new!) add a price at which a trigger will be triggered, and how many coins to sell and at which price. Etc etc. But I get it, I am a programmer and will have to use their API to go up this alley. But that also IS the point. Everybody should have access to a good exchange. All current exchanges are way to simple, and if we want to beat bots, we need to get the same 'triggers'.
Point made. End of Story.
Binance and Bittrex have those. I prefer Binance to Bittrex. ( had a Stop Loss, that didn´t fire when XRP fell below 63 cent and that showed me there also have to be many potential buyers also, to fill the orders ... China is the bigger market ... )
Stop Loss :
> after you bought some currency ( e.g. 200 XRP at 0.63$ )
u can activate a "Stop Limit Sell Order" ( alias stop loss ) to "stop you from losing too much money to fast"
> that order will be activated and put in the order books the moment your "Stop Price e.g. 0.59$ " is reached
> you put a "Limit Price" maybe 0.58$ which will be the price your 200 XRP will be put into the order books and hopefully be sold at
> Caution : when the price moves down fast your "Stop Loss order" may not be fired quick enough, ...
so maybe the distance between "Stop Price" and "Limit Price" has to be bigger !
- - - -
STOP LOSS IS THE WORD EVERY TRADER HAS TO KNOW BEFORE HE EVEN INVESTS A CENT.
( ...rule nr. 1: never lose money... rule nr. 2 : don´t forget rule nr. 1 ...)
Financial freedom is available to those who learn about it and work towards it, those were the words of Robert kiyosaki and this has been my watch word, when i got into the crypto currency a few months back, the first two months where horrible as i lost almost 4btc = $10000 until i came across an investment system which i learnt how to use in a few days, making me over 2btc weekly i cant say i've not been successful,let me know if your still struggling or still not sure what your next move contact me for more information on [email protected]``
Hey I notice the offer to become a member in the description but on your site it says membership is full. Please clarify. Also what is best order to consume your content. Free, then course, then alerts, then membership...or?
Thank you. Love your channel.
DAN THE MAN! Ive watched every crypto video you have made for a full year now. We really appreciate what you do. Ive never traded stocks but depending on what this weekly chart is gonna do I may need to look into it.
I am doing well. Very well taking profits small and incremental but am learning to risk more and to widen the gaps trusting my technical analysis more and more. So grateful over the last month since I last posted here that I couldn’t figure out why I wasn’t making money just maintaining as the market falls. So over the last week the habit to keep bitcoin to buy and a surplus set aside so I see what your saying and this habit could burn me if I need to widen my timeline further when this pops even on a small run. That was my error one month ago.
Well if BTC drops to 5k and then to 1.3K some people will be toast for sure. Tone Vays says bottom could be 6 to 7% from where we are now when we will reach "despondency" vs our current capitulation stage. He compares '18's cycles to -14's and they have striking similarities. Do you think extremely positive news will alter that course? If we are to take history as lesson, why can't BTC rally 15x form July to December as it did last year, as the amount of fiat and human capital streaming into the sector is unprecedented? It seems overly bearish to think BTC will visit 1.3K but who knows.....? I am certainly going to learn to trade bearish to survive any losses stemming from a sub 2k world.
Dan, could sentiment be wrong? Are we being faked out? Could this 6th of the month pattern still have validity, but be a few days late? It is just under the .236. What am I not getting? Don't bull breaks still happen? Gracias.
When these corrections are in play, I use this time to catch up on house maintenance, working out, family activities, etc.. Because we all know that when there is a serious upswing, we won't even remember out pets names..Happy Trading/Investing/Stacking!!!...
Hey Chart guys thanks for the update. As of today, do you still recommend placing stop loss to sell at break even? if so, what do you do when a stop is placed and the market pulls back on a flash crash, then takes off without you? My stop loss seems to have a target beacon whenever i place it before reaching profit target.
Honestly the exact same thing has happened to myself, I went from $7k to $45k on my first trade ever and felt like a genius and slowly it all dissipated back. Since, I have vowed to learn TA as much as possible and now has been 3 months since I have devoted any spare time I have left into TA. I can say with confidence that I have not even scratched the surface but I am excited to see where this will take me. I am slowly moving from solely trading crypto into more traditional markets but really have no idea where to start
Thanks again Dan. Your videos are the best out there. Love the perspective, on trading and life as well.
I can see how focusing only on cryptos has been detrimental for me lately. As much as I really believe in the future of it, short term action favors the bears.
2 things you've inspired me to do :
- look into different options like canadian MJ
- learn how to play bearish
Thanks again !
Brother, I love your videos, and find all of your insight intelligent, mature, and encouraging. They mean a lot to me as someone with some money in the space. The thing that is keeping me from trading in your fashion are the tax issues and how you handle managing how to regulate how much to keep aside to pay to the tax man at the end of the year. I might be the only one who feels this way, but I don't think so, as I have a few friend who have the same tax fears as well. Can you please do a video about how to manage money you will eventually have to pay in taxes when April comes? I'd love to get your insight on that and it would help me jump into the space with more confidence. Keep these up brother, you are great at what you do!
I have learned so much in the past 3 months, this doesn't bother me at all, I am enjoying this and happy it is getting lower again so I can jump in because I missed the April spike due to being new in the game. Thanks to you Dan , I am 10% down on my initial investment but not worried at all, I didn't start trading for taco money :)
Every time I trade I end up losing my a$$. For that reason I just buy and hold bitcoin. I bought all the way up to 20k and all the way down to 6100. I buy every paycheck. Thanks to the MGTOW lifestyle I have 2800 a month surplus income. I generally buy 1000 usd in bitcoin every check. This strategy has brought me the be the best gains of my life. 6800 dollar bitcoins are a dream come true. If I moved to a lower cost country I could retire right now.
You are a machine! You are the A.I.! You are the flow!
The little bounce happened, as you said it's probable.
You are also a teacher. Sifu. Don't be surprised, if I ever encounter you, I'll bow 90° to show my consideration and respect. Thank you!
I want to thank you. Your vids and a few others have helped me not freak out during these times. Yes, I'm down on a few trades, but I know the market runs in cycles. Patience. Thanks you. Edit - also I like your little djembe in the background
think these maths are correct...
$20K BTC down 70% is $6K... $20K BTC down 80% is $4K... $20K BTC down 90% is $2K...
I still say $20K down to $5K or less is BUUUULSHIIIIIIT and aint gonna happen !!! :)
Plus, I wanna see Tone Vays Payup $10K BTC to Doug Polk !!! :)
Damn good payback I think !!! :) yeah, Tone's attitude last 6 months has propper pissed me off ... !!! ... :)
It's not the same market the tech & gov attitudes are completely...
Auto trading etc cripto is effected by bigger factors now as its developed tech is promising bigger future potential..
I'm glad I have YouTube so now I have the mad scientist (host of this channel) to go out of his way to guide us...like & sub as he worked hard to give us this vid..
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