One major point of importance in trading in either the Stock Market or Crypto Market is to FOLLOW THE TREND. This also requires that you can READ THE MARKET.
Do NOT trade against the current trend. Follow the Trend, Trade with it.
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Try BitSeven:
https://bit.ly/36ko3Sa
Beat the Fees using this spreadsheet (take a copy for yourself)
http://bit.ly/2RXVEug
Pumps and Dumps are when either one or many people get together to build the pressure on a coin or market. These actions are coordinated and prey on the market and the understanding that a BIG RISE or BIG FALL will cause FOMO (Fear Of Missing Out) in people who are not aware of the scheme.
They usually happen VERY fast and are nearly impossible to follow if you don't know about them. It is best to stay out of the market when this happens. Follow the rules that I have already established and you wont fall victim.
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Try BitSeven:
https://bit.ly/36ko3Sa
Beat the Fees using this spreadsheet (take a copy for yourself)
http://bit.ly/2RXVEug
Every market has fees, even if the buy-in is cheap or free. Trading Houses have to make money too, so you will need to know what to do to BEAT THE FEES.
Check out the Chart link below to help you understand your Leverage and Fee structure, so that when you trade, you actually make money. Do not get caught under the fee umbrella.
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Try BitSeven:
https://bit.ly/36ko3Sa
Beat the Fees using this spreadsheet (take a copy for yourself)
http://bit.ly/2RXVEug
This video is merely a demonstration of trading in the Safe Space
It is nearly 30 minutes, so I encourage you to skip around in the video.
There is some commentary throughout the video, but this is not explicitly advice, just a demonstration of Safe Space Trading
6:40 - Commentary Begins
13:13: More commentary (when not to enter)
While it is entirely possible to make HUGE GAINS in the Crypto Market, even with a tiny initial trade, it is challenging to retain them if you cannot read the market for best place to enter.
It is also important to start small. A Big Trade can turn into a BIG loss, just as easily as it can become a BIG gain.
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Try BitSeven:
https://bit.ly/36ko3Sa
Beat the Fees using this spreadsheet (take a copy for yourself)
http://bit.ly/2RXVEug
Seeking a Safe Space (Trading Window)
One of the most challenging things to find in trading is the ideal entry point to the market. Guessing is never appropriate and neither is FOMO.
From the Profit Charts, you can easily find the appropriate trading window at whatever leverage (regardless of the value of the amount, 0.001 to 1+ btc).
The Blue text on the "Profit BTC" chart will tell you where your liquidation point is on the spread. Ideally, the trading window is 25% below the liquidation point.
Example:
Price: 9100
Leverage: 100
Liquidation: 69
Safe Space: 50
If the last 1 to 2 hours of trading have been up and down in a Space of 50 points, AND you have clear direction from the 6 hour chart (on BitMex). Then you know that you have a Safe Space
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Try BitSeven:
https://bit.ly/36ko3Sa
Beat the Fees using this spreadsheet (take a copy for yourself)
http://bit.ly/2RXVEug
It is probably the single most important thing to be able to do: READ THE MARKET.
It would be difficult at best to read a newspaper or website if you didn't know the language, although the pictures might help a bit, you would feel lost and frustrated.
In this video i offer tips on how you can read the market using BitSeven
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Try BitSeven:
http://bit.ly/36J8MJ5
Beat the Fees using this spreadsheet (take a copy for yourself)
http://bit.ly/2RXVEug
Leverage is the most important aspect of using sites like BitSeven. It is the key to make BIG trades with little cash or coin. Sites like BitSeven, ByBit, and BitMEX all depend heavily on Leverage trading.
Leverage can be compared to the use of a torque wrench in mechanics. The torque wrench allows the user to apply a MUCH GREATER FORCE than could be done with that person's bodily strength. The same is true is Trade Leverage.
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Try BitSeven:
https://bit.ly/36ko3Sa
Beat the Fees using this spreadsheet (take a copy for yourself)
http://bit.ly/2RXVEug
Utilizing the open chart on TradingView via BitMEX you too can follow when the market changes and see when the liquidations occur.
This video talks about MASSIVE LIQUIDATIONS, when the market changes quickly. This is an indicator for your trading advantage.
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Try BitSeven:
https://bit.ly/36ko3Sa
Beat the Fees using this spreadsheet (take a copy for yourself)
http://bit.ly/2RXVEug
How to Turn on Liquidation Display on BitMex (image):
https://bit.ly/36oJmBV