Thanks for the comment. I totally agree, I am already having trouble keeping up with basic questions over and over.. I try to answer them all, because I know that it can be confusing for some just starting out.. But you are right, that it will wear me out eventually, and its better that I put my free time into creating more videos that help more people.
As my follower counts go up, this blog will get to be more than I can handle, so I may have to cut off answers at some point.
Its a pandora's box situation, because what I explain in my videos actually works. And as people start seeing the markets as I do, they will make successful trades and share that with others. And so the comunity grows, but there are way more traders than I can help individually. So I know at some point I will have to let my videos speak for themselves..
Eventually I will probably just do a daily recap of the trades of the day. And everyone can tune in, to see why and where I entered and exited the market..
RE: Daytrading vrs Position Trading, which will make you more money?
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Daytrading vrs Position Trading, which will make you more money?
It might save time and effort in the long run to have a "Frequently asked questions" post with short written answers/screencap examples and links to videos with a timestamp where info is discussed. You can edit and add to it over time. Then you can have quick answers like "Please see question 7 in F.A.Q. post" or something.
Anyway, it's just a suggestion.
Thanks for the info you've generously shared Luc!
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thats a great idea.. a F.A.Q. post.. yeah, ill start a list of the most common questions
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Hi Luc. Firstly thanks for all the effort you put into making these videos. They're incredibly helpful. Please can you include some tips on how to trade on a flat week (sideways trend)? i.e the chart is not cracking the base
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I have never seen a week where there was not a base cracking on something.. there is always something taking a dive.. you just have to have the alerts set on all the coins and you will be soo busy you will have a hard time keeping up
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hey luc, thanks for helping all of us starters out.... is A or B a base?
I think A is the base but etherum hasn't hit back yet so im wondering where do you think it will hit back up to?
and if B is the base, can you explain why?
https://www.coinigy.com/s/i/59780cde2af5e/
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Only B.. (a) was too small a bounce to signify strong support at that price, so not a base..
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@quickfingersluc: I suggest including examples like this when you compile your F.A.Q. This seems to be the most common error made. I use the measure tool in coinigy to assure the bounce is strong enough to signify support, once I started doing this rather than eyeballing charts it became much easier to determine where a base truly exists.
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how do you use the measure tool? what is it exactly and what is your criteria?
Thanks! and Thanks to you too luc!
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Measure tool does exactly what you would expect it to do - measure time and percentage change. Criteria is different for every chart, look at the past to predict the future.
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Thanks! what determines a " strong support " ??
Also, how soon d you usually wait to sell on a position trade? Are there any rules like always sell when you close for the day? ETH hasnt hit back up so itll take some time. but how long is " too long" ??
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Please, don't change up now- love the work dude, should be called magic-luc for the business of trade lol
Having some insight and somebody, a guiding light has been fantastic- sort of keeps my head screwed on with taking hits like the crypto market gives a day, keeping me positive, the hits keep you realistic to not go all in or more than you can lose like you say not putting more when you get a return on building a small account..
Just can't wait to get that scanner too, I love position trade and any trades, can't wait to do daytrading though man! Penny stocks scare me it took me so long just to get into crypto even, feel like a new trader like myself can get chewed alive out there lol wall street
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Just keep your positions small to start.. small trades till you feel confident.. If at anytime you are worried about a trade, that means you are in too big... all your trades should just be hum drum, easy, and never keep you up at night..
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