The secret way of trading crypto without incurring losses.

The secret way of trading crypto without incurring losses.

By MadMaxx | Psycho Crypto | 22 Feb 2020


All of us want to trade crypto, even if deep down we don't realise it yet.

It's fun. It's fast. And it's very rewarding.

That said, it's also very dangerous. 

Or is that what everyone says?

You see the disclaimers everywhere. That crypto trading is highly speculative and dangerous.

Is it really?

Here's a little story before I reveal the ultimate method to trading crypto without incurring losses.

It was 2016.

I was just introduced to the world of cryptocurrencies.

I had no money, but I was willing to get some money to buy into this wonderful magical internet money.

So I worked a job for about a month, and put a whopping 70% of my earnings for the month(a meagre $700) into Bitcoin. That got me about 1.3BTC.

With only the basic knowledge of support and resistance, I was able to turn my $700 investment at the beginning of 2016, to $1000 at the end of 2016. I also had 1.8BTC at the end of it all.

Needless to say, I was a total noob who had no experience or any chances of success, much less of survival.

But I still made money in the crypto market.

Why? Because I followed simple rules.

Crypto trading doesn't have to be speculative or dangerous for you. If you follow simple rules.

And that segways me to the magical method I was talking about.

First, if you believe that this method won't work before seeing it, you might as well just stop reading. Because there's simply no point to teaching someone who has decided they won't learn.

Second, if after reading this method, you go and dump a truckload of your savings into the crypto market without any proper backtesting, you might as well give your money to strangers promising to double it.

I digress.

The name of the strategy? Position trading.

Now this isn't your regular in and out trading technique.

You get into a trade at the absolutes lowest point. That is your only target, to ensure that your odds of losing money are slim to none.

How do you find the absolute low?

Simple. Switch your software to show 1 day candles. Then really zoom out. Pick a point that has been tested multiple times, but the price didn't go below that point.

Alternatively, and to be even more correct, pick a point where the price touched, and then bounced off considerably. This will be called your pivot.

Next, enter your order at that point. Make sure you keep a stop about 30 pips below that level, so that you don't get in before that level breaks.

Once you're in, and the market is trending up, the rest is easy.

You would be looking to get anywhere from 30-50% on your investment within 3 days. After 3 days, it's no longer position trading. It's investing.

How do I find coins that are destined for greatness, sensei? You ask.

Simple. Binance will be your guide.

Go to the "gainers" section of Binance. This place lists alts that have looked, but the criteria for them is special.

They must have mooned after 3 days of range based trading. Perfect picks for position trading techniques.

So you apply the overall steps to any one of your choice.

Remember to back test this strategy if you plan on using it. Check the coins history to see how long you would have waited for a breakout if you had entered 3 days before the breakout occured

 

And remember that this content is for educational purposes only, and doesn't constitute financial advice.

Thanks for reading.

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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