15 Matching Annotations
  1. Jan 2019
  2. www.at-the-intersection.com www.at-the-intersection.com
    1. I do like the idea of having it all in one place, but I would still be opening other tabs
    2. Like I'm definitely, sometimes I'm obsessing over the ticks if I think this is a really important zone, but then sometimes I step step back and clear my head and I gain a lot of clarity from that. So I'm kind of in like an in between phase where it's also as a full time trader. I literally have all day I can do, I literally have the luxury of just watching every tick and putting in that screen time
    3. Okay. Yeah. I mean it all kind of depends on if, I think it's like a pivotal point in the, in the market where like I need to act. Um, because I typically during those times where it's like, wow, this is make it or break it. If we tip over this resistance line, it's farish if we bounce off, it is bullish. During those times I'm really glued to the screen and like actually looking at every tech and reading the level two in the order book and just trying to understand the push and pull of the market forces.
    4. So essentially like in the morning when I wake up, I want to look at the top at the top coins because I'm mostly trade the top coins because they have the most liquidity.
    5. l, yeah, so I basically had been following the big coin chart very closely and uh, I have, I use trading view, I use to map out the trades.
    6. Uh, and then I will pull the trigger on a trade if it meets, you know, x number of indicators that justify me entering into a position that the cards are stacked in my favor. If I do not see, uh, uh, trade that meets the qualifications that I've kind of listed or if the overall market is not in a place where I think I'm comfortable entering into one, I don't need to trade that day. I'll start my day by looking at it to see if it makes sense to be looking to trade that day. But if I come to the conclusion that it doesn't make enough sense, I'll just stop looking at charts for the rest of the day and I won't, I
    7. Uh, sure. So in simple terms, I focus on following a three steps. It's just planning, acting, and reviewing. So the first step is actually going through analyzing a potential trade or figuring out how the overall market is, I guess before I even look at doing individualized trades specific to crypto. So that's going to involve looking at trading view to see how charts look from a weekly down to an hourly basis. And then I'm going to be looking at daily volume levels for Bitcoin to start. And then if I'm looking at other cryptocurrencies, then I'll start to look at their volume as well to see if there's activity, if there's buying interest or selling interest in a specific asset, um, to just make sure the liquidity meets, um, my thresholds for wanting to get into a trade. Then once of use various tools to basically identify a potential trade, then I will basically figure out what the risk to reward is going to be for that trade.
    8. market. I'm around for the purchase so it's usually at a price point where I can put it in the limit to just get it at the price immediately, or if I think it's going down or it'll eventually trigger it so I can capitalize on more fees that way. And then market, I'm just very comfortable
    9. In a perfect scenario I buy limit and sell
    10. Well, it's a lot easier to manage my portfolio now because I'm mainly in cash (or cast) positions doing individualized trades. So my main outlook is nothing within crypto is worth holding during a bare market until we actually have a clear turning point by reaching specific price points that I've, um, you know, accepted as indicators that we're turning a corner. There's no reason to be holding a depreciating asset and assets a very loose term.
    11. Purchasing. And then once I've bought into an asset, I will establish all my sale targets and stops in three commas.
    12. I'm not usually entering a trade that only has one sell target
    13. Um, okay. If I've entered in a trade, uh, after it hits, you know, either a target or a stop loss that at that point I'll start to review it and see how I did or how the asset is performing to see if I need to be potentially exiting it.
    14. So that's going to involve looking at trading view to see how charts look from a weekly down to an hourly basis.
    15. planning, acting, and reviewing.