introtocryptos.ca

Tag: crypto trading

How I Grew My Crypto by 450% While Bitcoin Pumped 90%
- If you want to skip the complex tech of cryptocurrency
- If you have no idea when to position for altcoin season
- And you want to invest in crypto without watch the charts
Then this guide is for you.

How to Position for Altcoin Season instead of Day Trading Crypto.

I’ll share the exact pattern I used with a live copy trading account to grow a small crypto portfolio by over 450% in the past 149 days.

No leverage. No day trading.
My Money Works For Me

Today I’ll share one of the four legs of our financial chair that will help ensure that you reach your financial goals sooner.

The approach I’ll share today actually has the power to…
entirely transform your crypto investing experience.

You can go from
- stressed
- uncertain
- addicted to the charts…
…to

ツ calmly managing all your positions in just 20 minutes per day.
How I Made $352 For Free

This profit story actually began in September 2023 when I discovered that my referral earnings had accumulated over three hundred fifty dollars.

After searching through the charts at the time, I selected BAKE and I put the free money into the token and left it sit for more than two months before the big price breakout. (watch the video)

Throughout January, the BAKE holding profits were taken and the equity was dedicated to a Copy Trading account.

The Copy Trading account has been connected to our PRO ALERTS trade tracking spreadsheet.

Recently the original investment profits were reallocated into a range of 40 different coins and tokens at minimum trade size.

Copy Trading Account – Open Percentage Profits and Risk Profile

How it began:

$323 Value on September 30 2023

Starting with free referral earnings to show that anyone can do this.

$1866 Value on February 26 2024

Starting $323, open profits stand at $1866 for an actual 477% increase.

WHY This Strategy Is Amazing

Bitcoin gained an astonishing 90% during this time, yet our portfolio did better.

Here’s why:

This 20-minute-per-day crypto strategy combines three components to time the market entries and exits:
1. AltSeason CoPilot market trends
2. Small diversified positions
3. Timing each market with the 1-2-3 pattern
Over the past 149 days this strategy has provided us with yet another fantastic case study to share and study here today.

Trade the pattern, not the market.

Are You Trading or Positioning?

➟ Before –

Trading cryptocurrency can be a daunting task.

First you have to learn…. how to find the trades that you’ve supposed to take.

And if you’re trading hasn’t been successful in the past couple years…

Most traders work harder… spending countless hours researching.

Only to face high volatility, changes in regulations, and unexpected price swings.

Even with the most diligent efforts, many traders end up with minimal returns or even losses.

You feel like you have been wasting time and money on small time frame trading patterns that don’t pay off – its discouraging and frustrating.

➟ After –

Spend only minutes each day to position a portfolio with dozens of coins and tokens.

That was all I did for this account to grow.

With the right strategy, you need only spend a few minutes each day to position your equity at the times and places where substantial growth is possible.

No More Chart Watching?!

➞ What would happen if you could take your mind off the charts?

➞ What if your money worked for you while you were doing something else?

➞ What if you no longer put hours per day into news and research?

➞ What are the things you love – that you have been putting off until after your trading is successful?

Pro Tip:

I’m so excited to illustrate the patterns that I use to position my own crypto.

Here are three keys:

☲ ➀ ☲

Time my investments around the AltSeason CoPilot

☲ ➁ ☲

Focus on the pattern and not the market

☲ ➂ ☲

Diversify the portfolio a little each day

I didn’t know in advance which coins might achieve these returns.

I diversified into many coin and tokens and for this post I’m highlighting two of the best performers.

I share these strategies so you gain belief in your ability to make money work for you.

Lets start with two charts that our copy trading profile is now showing greater than 100% profits.

I’ll show you the exact pattern that was my signal to get in.

You will immediately begin to spot this pattern in other crypto markets.

Case Study One

COTI Chart:

The ALERT for this trade was published on January 23.

The spreadsheet monitored prices and the Signal was fired on February 5.

Where is it now?

Currently the trade stands over 200% open profits:

The stop loss is way behind price to give this market lots of room consolidate. This is in Stage 3 of The Trade.

We have managed risk and we have been proven correct on this entry.

Nothing for us to do here – even if prices retrace…

Results/benefits:

This trade has proven correct and we are in profit.

COTI/BTC Chart by TradingView

In addition to watching a range of exit strategies to select from as time continues and the price pattern fills out, we are also watching for opportunities to add on to the successful trades that have proven correct.

Case Study Two

ARKM Chart:

The ALERT for this trade was published on early morning February 10

and the Signal was fired soon after on the same morning, Feb 10:

currently the open trade stands at

and the stop loss is way behind in order to let the market have room to be wild.

ARKM/BTC Chart by TradingView

Benefits of This Approach:

These are fantastic example trades that have proven correct and we are in profit.

We are in Stage 3 of the trade. Stop is above the entry and risk is managed.

Now we review potential for adding on to the trade on the correct style of pull back – and also be ready for different exit strategies.

We’ll select which Stage of the Trade matches the current market conditions…

Prepare to add on with Stage 4

Prepare to exit to Stage 5

How it Works

Step 1: Keep an eye on AltSeason CoPilot data which historically identifies trends of significant price movements.

Step 2: Focus on cryptocurrencies that match our trading pattern, to spread opportunity to capitalize on various market sectors.

Step 3: Manage risk for each trade in the portfolio by investing in small initial positions.

Step 4: Rebalance your portfolio in 20 minutes per day as each coin achieves signal for the next stage of the trade.

Step 5: Stop watching the charts.

Build Healthier Trading Habits
- Can you see the benefit of positioning instead of trading?
- Would you rather save time and stress, instead of day trading the volatile crypto market on leverage?
- Imagine if your portfolio grew by 450% in just minutes per day. How much more freedom would you have?
- If you could change the way you trade so that you don’t have to watch the charts, how do you see that your life would be different than it is now?
We want our crypto to grow while we’re doing something else.

In other words if your system is set up correctly it will not take time from you through the day. You will not have to watch the charts.

The Value of a Proven Approach

Myself and my team put in years research, countless hours of the stress, of trial and error, and hundreds of thousands of dollars invested to develop and refine this strategy.

Yet all that means nothing for you – if you keep doing things the old way.

The Cost of Old Habits

What if you don’t do anything about this and you keep addicted to the charts and jumping in and out of trades too often?

Well, I want to save you all of that… and give you free access to my course and all my data – for 7 days.

The value this strategy can be fully unlocked simply with your commitment to learn.

The value this strategy can be fully unlocked simply with your commitment to practice these principles.

This can transform your your daily route, and just maybe your financial future as well.
February 28, 2024
Taking 180% Profit Was A Mistake
Howdy fellas, I want to do a different style of video where I’m talking about some of the trades that have just happened in our system.

I just closed a trade for 184% profit,
and taking profits at that time was a mistake.

In this video, I want to talk about that specific trade that we got the trading signal entry for AGIX back in February 3rd, and yesterday when the prices made a top formation,

I took profit
but I took profits too soon.

So in this video, I’m going to talk about how my trade was actually against my trading system.

First of all, I want to talk about the signal that got me into this trade because it’s really important for what I’ll explain at the end of this video.

Then I’m going to talk about why I did the exit at this time and why that was a mistake, why I knew it was a mistake and I did it anyway.

Then I’ll talk about what I should have done with the trade but according to our trading system.

I think it was back in early February,

⟁ the agix versus Bitcoin price made a 123 formation that was a consolidation and it gave us a trading signal, and

➜ our system bought in with a copy trading account over on bitget.

Now the trading system doesn’t give me an exit signal yet,

but yesterday I closed that trade and I took profit at about 180%.

Why I Took Profits Too Soon!

And I took that profit for two reasons that are not related to my trading plan.

First was my ego; I wanted to prove that I’m correct and take this profit so that I have the profit.

I didn’t want to lose the profit, and that’s my second biggest trading mistake and I’ll explain more about that.

I wanted impressive stats in my copy trading account over following my trading plan.

The second reason I took that trading was so that I have that in my copy trading account so that the statistics are there of the 180% profit.

Can’t go wrong when you start stacking those 180% profits in your statistics.

That’s great stuff for the copy trading account, but it was actually against my trading plan rules.

Start a Trading Journal

So if you’ve ever written a trading plan for yourself and then you did something that was opposite to your trading plan,

it’s really important to journal every step of that trade.

A written trading journal takes you away from the charts to think.

Get To Know Your Errors

So that the next time you come around to that, you can make the decision whether or not you’re going to do that same error at that same time.

Two Types of Errors

This is really important because there are two types of errors that you make while you are a cryptocurrency Trader.

First is the type of error that you get punished for; you lose money.

So pretty soon you stop doing those kinds of errors or you have to quit trading.

The second type of error, though, is those errors that you can make just like I had made right now that you will never know that you made an error until somebody points it out to you.

Altcoin Season Secrets – The Wave and Pullback Strategy!

And so I want to talk about stage four of the trade, and then I’m going to tell you where you can go and learn about this for free for the next seven days.

Stage four of the trade is where the price moves up, and then it comes back and consolidates, and you add on so that you are bigger on your winning trades on these few trades that really do the big move and pull back.

➤ You want to add on to those, I’m thinking, because it seems to me that we’re at the very beginning of a very large three to five-wave stage.

Elliot Waves

So Elliot wave theorists are going to be super excited about what might be coming in altcoin season right now.

And that’s because we’re coming out of an especially long Wyckoff Accumulation Pattern in the charts with the altcoins.

And so I believe everything is building up for a wave and then a pullback and then wave again.

Two Mistakes

And so it was a mistake for me to take profit on my agix trade for two different reasons.

➥ First of all, I’m being fearful when I should be greedy, and

➥ Second of all, I’m doing an extra taxable event if I want to get back into that trade and make the profits as it continues the rest of the trade up.

So it would have been better for me to sit still,

but I took that profit so that
- I have the money and
- so that my statistics are in my copy trading account.
What Is Next?

And now I’ve taken that full wad of money, I took 17, we’ll say 17, and I turned it into 52.

I took that full 52; I put it into another chart that’s making the very same pattern that AGIX was making a month ago.

And now I don’t know, of course, if this new chart is going to do the same thing that AGIX just did but cross my fingers.

Let’s see how this turns out.

And so while I’m talking about the price chart pattern for one specific coin, it’s important to that all of the altcoins move together.

And it’s better for us to, it’s less risk if we go across more coins in smaller trades and we stay into a spot position so that there’s no cost for holding the trade for a long time.

Hidden Cost of Leveraged Trading

Even if you’re doing low leverage, leverage trading Futures Trading, there’s always those ongoing costs as you hold the trade.

Where as if you get into a spot position, you can relax more because that’s how many coins you have, and it’s easier to weather through some of the difficulties.

And you’re also there for some of those coins that do the big moves that you would could never have known that they were going to go through.

Exposing Trading Industry Secrets – Are You Being Manipulated?

One of the most important perspectives is to know that the exchanges and most of the YouTube influencers, they make their money by your trading activity.

For example, I was approached by one exchange to sponsor my videos, and then I contact another Exchange that had already sponsored me, and I said how much would you sponsor me?

And they said it’s based on how much trading activity you generate.

So the more I get everybody to churn their account, the more the exchanges pay me as a sponsor.

Day trading crypto and leveraged crypto trading are encouraged only by exchanges.

So then it encourages me to tell you that you should be day trading and that you should be trading and taking profits and then trading again and taking profits.

Whereas I’m not sponsored by an exchange, I’m not motivated by how often you trade.

I’m motivated by the fact that you sit on those trades for a long time and you make some phenomenal profits off of these things that change your life.

This is the kind of story I want to hear, not how often you trade.

Trade Smart – Step Away from the 15-Minute Charts!

I say step away from those 15-minute charts; you should be looking at the charts 20, 30 minutes a day.

And if you’re doing more than that, then you are micromanaging your money.

And you should trade in such a way that you can relax and let your money watch the charts instead of you.

Thanks again for being here; I appreciate your audience.

Trade safe and keep those losses small.
February 25, 2024
How To Trade Crypto With Smallest Risk and Biggest Gain
In our video call this morning, November 13 2023, we Altcoin Season CoPilots reviewed the data for the onset of altcoin season and its implications on the price of tokens in the cryptocurrency market.

The video from the call did not record but we did get the audio so we can share some of our strategies for investment in Bitcoin and altcoins, addressing the dynamic nature of the crypto market and how one can maximize their assets.

Altcoin Season and Market Dynamics

It is November 13th, and the emerging altcoin season suggests that Bitcoin dominance is showing a top formation and might soon decrease.

Three Life-Changing Crypto Bull Markets

This is seen as a sign of capital flowing into altcoins at a faster rate than into Bitcoin. This matches my understanding of the broader economic context, because of the ongoing bull market in stocks and precious metals, alongside increasing U.S. debt and global inflation.

Investment Strategy in Cryptocurrency

A key focus of the discussion is our trend following strategy for investing in cryptocurrencies.

Our system has three phases:
1. Holding cash unless Bitcoin’s value is increasing.
2. Investing in Bitcoin unless its dominance is dropping.
3. Shifting to altcoins when Bitcoin dominance decreases.
Already Into Position Before Dominance Tops

Here is a screenshot from our Oct 23 notification.

Here is the same Altcoin Season Momentum chart for November 13:

The current market conditions are passing our entry signals for small diversified investments in altcoins.

However, the general strategy emphasizes staying mostly in Bitcoin and only shifting into altcoins as the alt/btc spread changes as noted above.

Trading Perspective and Diversification

Addressing a hypothetical scenario, the our system advise an individual with $1,000 in USDT (Tether) on how to approach the current market.

The recommendation is to look through all the charts to find entry patterns that match our trading plan, diversify directly into different cryptocurrencies rather than converting to Bitcoin first. This approach aims to maximize the number of Bitcoins held rather than focusing on dollar value.

Our system emphasizes the goal of growing Bitcoin holdings, the number of satoshi we own rather than the number of dollars we own, on the premise that Bitcoin’s value will significantly outpace that of the dollar.

Altcoin vs. Bitcoin Performance

The AltSeason CoPilot spreadsheet addresses the importance of choosing altcoins that are likely to increase in value against Bitcoin, rather than just against the US dollar.

As a recent example, while the US dollar value of Litecoin might have shown some profit recently…

…its performance against Bitcoin shows that holding Bitcoin would have been more profitable – and Litecoin now flags itself as a chart formation to watch for our signal to set up in the near future!

Conclusion

I want to finish this brief update with an emphasis on measuring success in terms of Satoshi, the smallest unit of Bitcoin, rather than in US dollars.

Focusing on strategies that grow Bitcoin holdings, stay focused the long-term potential of Bitcoin compared to traditional debt-backed fiat currencies.
November 13, 2023
Capture the Rhythms of the Market with the Altcoin Season Indicator

Discover the Future of Trading: The Altcoin Season Indicator

With the Altcoin Season Indicator, you’re not just reading the market – you’re interpreting its deepest signals with precision and confidence.

Imagine that you’re gazing at your trading screen, a subtle smile playing on your lips. The once chaotic price charts now dance to a rhythm that you understand. With the ‘Altcoin Season Indicator’ at your command, you’ve become the conductor of your financial destiny.

Feel the Confidence that Objective Data Provides.

Cryptocurrency markets move with a volatile grace that confounds and rekts most traders.

But we can find the path to consistent growth.

The Altcoin Season Indicator isn’t just a tool—it’s your personal trading ally, honed through years of market analysis and technological refinement to deliver clarity amidst chaos.

Altcoin Season Indicator on Bitcoin Price January 2023

Overcoming Common Trading Mistakes

I understand the challenges traders face: the hesitation, the second-guessing, the complexity of interpreting trends.

I think I’ve made every mistake a trader can make and I’ve come to realize that is just human nature. It took a lot of data and years of study to create an indicator that followed our proven trading plan and also improved my own trading success.

Now that I look back at the data to quantify all the times I’ve hesitated, and all the times that profits were taken too early…

It became clear to see that the AltSeason Spreadsheet was out-performing my own trading year after year.

Building The Indicator

After working with three top-notch Pinescript coders, we created the ‘Altcoin Season Indicator’ to eliminate my trading missteps. It took three different professional pine script coders to finally create a TradingView indicator that best matched the color code system we perfected in the AltSeason CoPilot Spreadsheet.

The result was better and more flexible than we expected!

Remember the feeling of discovering a profitable trade? Multiply that with the reassurance of backtested strategies that have been tuned with big data and AI, ensuring your trades are not just guesses.

It’s the feeling of knowing an objective, mathematical certainty.

Bitcoin Dominance Top Formation October 2023

Altcoin Season Begins as Bitcoin Dominance Tops Out September 2023

The Altcoin Season Indicator cuts through the noise, offering you a color-coded, intuitive interface that signals the ebb and flow of the markets.

Trade Trends In Any Market

Whether you’re charting cryptos, stocks, or commodities, this indicator follows price trends in any chart, providing a flexible framework for adjusting the portfolio according to market conditions.

How It Works

➤ Visual Guidance: Color-coded signals that clarify trend directions and trading opportunities.

➤ Customization: Versatile settings for any market, any currency, ensuring relevance and adaptability.

➤ Educational Support: Gain market wisdom with our comprehensive trading course and join a community of like-minded traders.

ATOM/BTC Pro Alert Aug 2021 125% Profit

Benefits

➤ Confidence in Execution: Replace doubt with decisiveness as clear signals guide your trading moves.

➤ Time-Saving Analysis: Spend less time analyzing and more time profiting with automated insights.

➤ Backtesting Brilliance: Rely on a system proven by rigorous backtesting and AI optimization.

The Full Spectrum of Trading Mastery

Envision yourself accessing our complete indicator package – not just the indicator, but also the strategy backtesting script, optimization spreadsheets, and a treasure trove of knowledge through a comprehensive trading course. Hear the supportive voices from an exclusive community, guiding you in Discord, helping you flow with this trading strategy.

⫸ Features

➣ Exclusive TradingView Altcoin Season Indicator

➣ Strategy Backtesting Script

➣ Optimization Spreadsheets

➣ Access to a Private Discord Community

➣ Full Trading Course PDF

➣ Automation Compatibility with Leading Trading Bots

Automation: Your Trading Ally

Imagine the ease as you can automate the Altcoin Season Trading system to take over your portfolio rebalancing. By connecting with 3commas and a trading exchange like KuCoin, you can configure the indicator to calculate and execute trades with precision while you step back, free from the addictive quality of chart watching and free from the constant stress of FUD and FOMO in social media.

Automation is like the steady hand of an expert, guiding your trades while you are doing something else, like building a new revenue stream or spending time with family.

From Now to Next: Your Trading Evolution

As you’re reading these lines, you’re already stepping into a new reality. With each passing moment, the ‘Altcoin Season Indicator’ is not just a tool but an extension of your trading psyche, sharpened with backtesting data that is prioritized by AI, ready to help you gain the edge and carve out profits from the market on the ebb and flow of each altcoin season.

The Decision is Yours

The future is in your hands. Will you step forward and claim the knowledge, the code, the course, and the community waiting to welcome you? Paying with crypto is just one more way we ensure that this experience is tailored for the modern crypto trader.

Join a community of successful traders who have transformed their trading experience. Our members report enhanced decision-making, reduced emotional trading, and significant portfolio growth.

Now Is The Time

Are you ready to elevate your trading with the Altcoin Season Indicator? Take the leap and join the ranks of traders who’ve turned market volatility into a wellspring of opportunity.

➽ Buy the Altcoin Season Indicator Now

Imagine where you could be one year from now: a refined trader, empowered by knowledge and technology. The market is speaking. It’s time to listen.

Embrace Your Trading Future

With the ‘Altcoin Season Indicator’, every hesitation fades, every doubt dissolves. It’s not just about growing your money; it’s about growing as a trader, as an investor, as a visionary.

➽ [Step into your new trading reality with the Altcoin Season Indicator.]

Your journey towards trading mastery begins here. With every tick of the market, the Altcoin Season Indicator is your gateway to understanding and leveraging the true dynamics of cryptocurrency trends.

Remember, with great power comes great responsibility. Trade safe, keep those losses small, and let the ‘Altcoin Season Indicator’ amplify your wins.

Your trading evolution awaits…

November 5, 2023
How I Turned $100 into a $10,000 Payday

Midjourney Image by Author

My first experiences with trading were terrible. I lost all my money. Twice.

Both of my first two starting campaigns in trading were miserable failures. But you won’t believe how I turned my worst failures into my biggest win Ever!

Think You Can’t Recover from a Trading Disaster? Think Again!

The Trading Secret No One Talks About

Many others would have taken this discouragement and just given up, especially after studying so hard for several months before each starting failing plunge. But I kept applying and practicing the strategies that you will learn about in this video series.

I never stopped reading the charts and watching the markets build those patterns and I started to recognize them and in time I was able to enjoy my first ten thousand dollar day in profits.

If I had quit if I had stopped practicing when I had no money, if I had not been willing to start again with less than a hundred dollars in funds. I never would have seen my money grow than more than 50 times in just a few years of cryptocurrency trading.

☛ The following was summarized from the YouTube transcript, assisted by ChatGPT, Writsonic and other Artificial Intelligence Tools.

Crypto Trading Plan Example PDF

The Journey of a Resilient Trader

⫸Trading can be a challenging industry. You may spend hours reading charts, analyzing trends, and carrying out in-depth market research only to lose it all in a matter of seconds. So, how do you bounce back from several failures in trading and become successful?

This blog post showcases the inspiring journey of a resilient trader who refused to give up. Despite losing all his money twice, he kept applying and practicing strategies that brought him to his first ten thousand dollar payday. This blog post is for all cryptocurrency traders, stock traders, investors, money managers, and commodities traders looking to stay motivated and learning from others’ experiences.

My journey into the world of trading was anything but smooth. I faced setbacks that would have made most people quit. But I persevered, and today, I want to share my story with you. It’s a tale of resilience, continuous learning, and ultimately, success. I hope it serves as both inspiration and a lesson on the importance of never giving up.

The trader whose story we’ll share today didn’t have an overnight success story. In his early years of trading, he lost all his money not once but twice, but he never gave up. Instead, he analyzed his losses, looked for recovery opportunities and started practicing new strategies.

My first experiences in trading were disastrous. I lost all my money in my first two trading campaigns. Imagine the emotional toll that takes on you, especially after spending months preparing and studying.

The discouragement was overwhelming. I had invested not just money, but also time and emotional energy. The failures made me question my abilities and whether trading was the right path for me.

The trader focused on learning trading patterns and market trends, understanding technical analysis, and staying up to date with current events. He started to recognize when a stock was about to soar or tank and noticed small but significant fluctuations in the crypto markets. In just a few years of trading, his persistence started paying off. He secured his first ten thousand dollars in a single trading day, something that would not have been possible if he’d given up earlier.

Another crucial element of the trader’s journey was his fear of missing out (FOMO) and his emotions. In his earlier trading days, he was always second-guessing his decisions, leading to impulsive moves.

Despite the setbacks, I decided not to give up. I continued to apply and practice the strategies I had learned. I spent countless hours reading charts and watching market patterns, determined to improve.

Here’s How I Made It All Back and More!

However, after losing all his money twice, he learned to manage his emotions and focus on technical analysis. He started setting targets for himself, sticking to them, and avoiding impulsive trading decisions. By managing his psychology, he became a better trader.

I was willing to start again, this time with less than $100. It was a humbling experience, but it laid the groundwork for what would become a remarkable turnaround. My modest investment grew more than 50 times in just a few years of cryptocurrency trading.

Additionally, the trader always reiterated the importance of education. He never stopped reading charts, analyzing data, and learning new strategies. He kept up with the changing market and treated each day as a chance to learn something new and improve his skills.

How do I teach myself crypto trading?

As I continued to engage with the markets, I started recognizing patterns that I had previously missed. This skill became invaluable, turning my trading endeavors from a game of chance to a calculated strategy.

I also learned the importance of adaptability. I tweaked my strategies based on my experiences, which allowed me to navigate the volatile world of cryptocurrency trading more effectively.

By practicing and journaling his trades, slowly he started to show positive results that eventually led to his ten thousand dollar payday.

How I Overcame Massive Losses

After years of ups and downs,
I finally had my first $10,000 day.
It was an exhilarating moment, validating all the hard work, resilience, and adaptability I had put into my trading journey.

It’s also worth mentioning that the trader diversified his portfolio. He invested in different markets and industries, and this helped protect him from losses. He didn’t put all his eggs in one basket and didn’t rely on a single strategy. He spread his investments and focused on minimizing risks.

My journey serves as a testament to what can be achieved with the right mindset and a willingness to learn. Trading is not easy, and success doesn’t come overnight. But if you’re resilient, willing to learn from your setbacks, and continue to practice even when the going gets tough, you too can reach significant milestones in your trading career.

Conclusion:

Introducing Glassnode: The Premier Cryptocurrency Analytics Platform

Bouncing back after significant losses can be challenging, but with persistence, education, and diversification, it’s possible. The trader’s journey from losing it all to a 10K payday highlights the importance of crucial trading skills such as technical analysis, diversification, managing emotions, and, most importantly, persistence.

Traders should always maintain their motivation and believe that the road to success is not without its bumps.

Many traders have failed before they succeeded, and this trader’s story shows that there’s always hope.⫷

☛ This article was summarized from the YouTube transcript, assisted by ChatGPT, Writsonic and other Artificial Intelligence Tools.
(follow my AI publication for case studies)

I Love The Comments

Midjourney Image by Author

Check the comments below, and leave your thoughts, questions, or success stories too! I love to read them!

☄ Disclaimer, I’ve been trading stocks and commodities using bitcoin on SimpleFX since 2015. I am a BitGet Copy Trader affiliate, I earn a small percentage from your trading fees if you sign up for the first deposit bonus through my referral link.

? Risk Disclaimer ?
You should not invest money that you cannot afford to lose. Seek advice from a certified independent financial adviser if you have any doubts.
Nothing in our training products are a promise or guarantee of earnings.
✅ Please read our https://introtocryptos.ca/about/terms ??

This article is a part of the Trading For Beginners publication on Medium.com, a trusted source for cryptocurrency trading insights and education. For more in-depth articles and tutorials, subscribe to our email newsletter and YouTube channels BitcoinTrading and DigitalCurrencyTraders.

Crypto Authors: ✍ Write for us

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Trade safe and keep those losses small.

Doug

This article contains referral links for some of my absolute favorite business tools for content creators and crypto enthusiasts.

If you purchase one of my favorite software tools, I will receive a small commission at no additional charge to you.

September 10, 2023
A Solution For Crypto Trading Addiction
The elements of crypto trading addiction and gambling are a consistent risk that we must always be on guard against.

Are you Addicted To Crypto?

If you’re feeling muscle tension, if you’re feeling a slight background anxiety, if you’re checking the price of Bitcoin and altcoins several times through the day (and night), if you’re thinking about trading while you’re engaged in other activities, then you could be edging into the dangerous area of trading outside of your trading plan.

I must say that I’m as guilty of “the risk to trade compulsively” in these markets as anyone. It’s something I have to constantly guard against.

The emotions you feel while you are trading are much more important than many people acknowledge. The negative emotions created by the addiction-style compulsive need-to-watch-the-markets can begin to affect all relationships in all areas of your life – and even your health.
Self-Talk of a Typical Trading Addict:
- I can’t miss this opportunity, the market is going to explode any minute now.
- I need to keep checking the price to make sure I don’t miss out.
- If I don’t make a move now, I’ll regret it later.
- I have to keep taking risks and making trades to stay ahead of the game.
- I can handle the stress, I just need to keep pushing myself.
- Maybe if I just make one more trade, I’ll hit it big and all my problems will be solved.
- I can’t stop now, I have to keep going no matter what.
Addicted Trader Holding A Loser:

An addicted trader holding a losing trade might say to themselves:
- “I can’t sell now, the price will bounce back any moment”
- “I’ll just hold on a little longer, it will definitely go up eventually”
- “I need to average down my position, then I’ll make a profit”
- “I can’t let this trade be a loss, I need to keep holding and hope for the best”
- “I’ve already invested so much, I can’t afford to sell now and take a loss”
- “If I sell now, I’ll miss out on potential profits when the price rebounds”
An Experienced Trader Self-Talk

A long experienced trader may say to themselves while holding a losing trade:

“It’s okay, losses are a part of trading. I have a solid trading plan and I know that over time my strategy will lead to overall profitability. I’ll use this experience to learn and adjust my approach in the future.”

The difference between the two self-talk examples is that the experienced trader is more self-compassionate and focused on the long-term plan, rather than being overly self-critical and focused on the immediate loss. They understand that losses are a natural part of the trading process and use it as an opportunity for growth and learning. This type of self-talk helps the trader to maintain emotional balance and a level head while navigating the ups and downs of the market.

The experienced trader is more self-compassionate and focused on the long-term plan, rather than being overly self-critical and focused on the immediate loss.

Trading for Financial Freedom

Take a moment to reflect on what’s the main reason that you got into trading Cryptos in the first place? For many, it’s for Financial Freedom which is time freedom, security, comfort and all those things. I want to have my crypto money work for me, I don’t want to spend my time working for my cryptos.

So if I’m trading in such a way that it takes away from these reasons, then I am feeling stress. And so what’s the solution? The solution always is to change your thinking. To review your long term goals in all aspects of your life and then find a way to participate in the cryptocurrency trading that is going to open up more space for joy in your life – rather than causing muscle tension, background anxiety, constantly looking and thinking about the market.

Finding a Low Stress Approach to Crypto Trading

Instead of feeling stress when you can’t be there to make decisions on the market, instead of the feeling that the market may get away without you. Focus on a low time commitment way to trade crypto that opens up more time, more space for joy and success in your life.

If your trading doesn’t feel good, you have to review it.

It may require smaller trading positions, eliminate margin trading and eliminate leverage trading. And then refocus. Past performance is not indicator of future potential. Diversify your time in the many aspects of crypto trading and investing rather than just watching the charts to see when the prices are going to take off into the next pump.

It’s easy to get caught up in the excitement of the market, but if your trading doesn’t feel good, it’s important to take a step back and review your strategy. This is where emotional intelligence comes in. Emotional intelligence is the ability to recognize and manage your emotions.

When you begin to feel relief you are on the right track, when you begin to feel good you’re on the right track, when you’re spending less time managing your crypto trades (your crypto trades are working for you rather than you working for them) when you find yourself joyfully participating in other activities and you never even thought about your positions – you’re on the right track.

Overcoming Crypto Trading Addiction:
One of the first steps in overcoming crypto trading addiction is to develop emotional awareness.

You need to recognize the emotions that are driving your trading decisions. Seek the guidance of a financial health professionals. Read the book “Money Is My Friend,” and start to unravel your emotional beliefs about money that were scripted while you were a child. By understanding your triggers, you can develop strategies to manage them.

Once you’ve developed self-awareness, the next step is to develop self-regulation.

This means managing your emotions and avoiding impulsive decisions. Self-regulation is managing your stress levels or your energy levels by choosing to tell a different story in your mind. Start to incorporate stress-reducing activities into your daily routine, such as exercise, meditation, journaling, or spending time with friends and family.
1. For chronic or extreme stress, this author recommends attending a guided hot yoga class which combines physical movement with breath work and meditation.
2. The emotional rehearsal meditations by Dr. Joe Dispenza are also highly recommended.
These meditations involve visualizing a specific event or outcome that you desire, and experiencing the emotions associated with that event as if they have already occurred.

The idea is to create new neural pathways in the brain that are associated with positive emotions and outcomes, which can then help to reinforce positive behavior and reduce negative emotional states such as anxiety and stress.

Dr. Joe’s meditation retreats have been shown to be effective in reducing stress and improving both physical and mental health, including stress management and emotional regulation.
Balancing Crypto Trading with Other Aspects of Life

There is a time to work hard and put the hours into studying everything you can about Cryptos… to make your spreadsheets and to make your trading plans… but then there’s a time to stop thinking and to enjoy other aspects of life.

If you feel the signs of Crypto Trading Addiction, if you have been spending way too much time watching the markets, if it is causing stress in other areas of life… it’s time for some changes so trading take less time to manage – and you focus on more joyful activities.
April 21, 2023
Unveiling the Secret to Our Success in the Crypto Market

I am thrilled with the incredible results produced by our AltSeason CoPilot trading system! While there may be room for further optimization in the future, it’s incredibly satisfying to witness how this powerful system kept us firmly in the BITCOIN market during its meteoric rise!

Thanks to our system’s long tested methodologies (that you can learn for free), we were able to avoid unnecessary risks by staying out of alts entirely after March 21st!

It told us to prepare for altcoin season but kept us out of alts!

Many coins flashed ALERT status, but few HOLD signals flashed

Even more important, I’m excited to announce that The AltSeason CoPilot spreadsheet has now identified an incredibly promising group of coins for us to focus on. The AltSeason CoPilot spreadsheet lets us filter and sort data from prior waves when the alts were out performing bitcoin. This lets us get some insight so we can create a shortlist of coins to focus on.

April Showers Bring May Flowers

We can filter our data to find all the coins that spent at least one day in ALERT status from January 1 until March 21, and compare those against the group of coins that spent at least one day in ALERT status from March 21 until April 12.

As Bitcoin Dominance makes a top formation the AltSeason CoPilot will be busy!

Premium Members get more! Our preparation is complete, and we’re eagerly anticipating the opportunity to put our trading system’s daily action matrix to the test as these coins cycle back into ALERT status. With our innovative approach and expert insights, we’re confident that we’ll continue to achieve remarkable results in the weeks and months to come.

April 12, 2023
How Can Trading Indicators Help You?
You’ve probably heard about trading indicators and you’ve been using them without much of a plan. Let’s get specific about how trading indicators can help you better manage risk, find entries and exits and best of all – bring you peace of mind and release you from watching the charts all day.

Trading Indicators can help you make better trading decisions by providing insights into the market’s behavior. And, they can serve to deepen or to correct your own mistaken cognitive biases, so they must be used with care and objective planning.

Trading indicators are used by traders to identify trends and momentum – but when mixed in the wrong way, the result in different potential trading opportunities within the same chart pattern.

For example, one indicator may be showing an uptrend, while another indicator may be showing overbought conditions and flashing a sell signal.

New traders may not know which indicator to trust in which situation, leading to indecision and confusion.

Unexpected short term situations can have a huge impact
on the success of what could have been a good a trade.

When unexpected news or events occur, small traders may react too quickly and change their positions because of a sudden but small timeframe price movement in the market. This can make it difficult for small traders learning to manage risk and refrain from over trading.

Four Indicators That Work Together

In this article, we’ll take a closer look at a set of four free trading indicators available with a free tradingview account.
- We uncover how they can work together to verify the famous trend change pattern… The 1-2-3 Formation.
- We’ll also discuss how they help with better risk control and better profit taking levels.
So, whether you’re new to trading or a seasoned pro, I hope this short introduction to a few free tradingview trading indicators will also help you improve an aspect of your trading strategy!

What Are Trading Indicators?

At the base of it all, indicators are mathematical calculations that are based on a set of data – in our case the price and/or volume of a cryptocurrency, stock or a commodity. An unlimited variety of indicators are used by newbies and professionals to analyze the market’s behavior and to identify potential trading opportunities. Trading indicators can be categorized, and each category provides different variations of insights into the market.

Some of the most common trading indicators include moving averages, bands and channels, candlestick analysis, harmonic patterns, oscillators, pivot points, wave analysis, and trend lines… the list of indicators goes on!

Moving averages are used to identify trends, while oscillators are used to identify momentum. Trend lines are used to identify potential support and resistance levels. Band and channels can identify reversal points and counter-trend signals.

When used together with a trading plan founded on a proven risk control approach, this combination of trading indicators can unlock a new confidence in your entries and exits!

How Do Trading Indicators Work?

Trading indicators work by analyzing past market data to identify trends and potential trading opportunities. They are based on mathematical calculations, and they can be customized to adjust the risk parameters for all Five Stage Of The Trade.

Indicators Work Together

We use indicators as one of the three criteria to identify specific and objective changes in Altcoin each cryptocurrency to build our Crypto Smartwatch AltSeason index.

For example, our popular AltSeason indicator might be set to look at the price of a crypto over the past 30 days.

The indicator then calculates two different exponential moving averages of the price over that period.
Different Types of Trading Indicators

There are many different types of trading indicators, and each one provides different insights into the market. Here are a few of the most common trading indicators and a link to the basic definitions for each.
- Moving Averages – Moving averages and Exponential Moving Averages are used to identify trends in the market. They are calculated by taking the average price of a security over a specific period of time.
- Oscillators – Oscillators are used to identify momentum in the market. They measure the difference between the current price and a moving average.
  
  Relative Strength Index (RSI) – The RSI is an oscillator that is used to identify overbought and oversold conditions in the market. It measures the strength of a security’s price action over a specific period of time.
- Trend Lines – Trend lines one of the many chart patterns that can be used to identify potential support and resistance levels in the market. Trendlines are drawn on a chart to connect the higher highs or lower lows of the price.
- Bollinger Bands – Bollinger Bands are used to identify potential breakouts in the market. They are calculated by taking the standard deviation of a security’s price over a specific period of time.
We combine these indicators with three things:

our trend following trading plan,

our risk control rules and

our diversification strategy

to create a profitable, low risk approach to crypto that anyone can actually follow!
How Can Trading Indicators Help You Make Better Trading Decisions?

Trading indicators can help you make better trading decisions by providing insights into the market’s behavior.

They can help you identify trends, momentum, and potential trading opportunities.

Here are a few ways that trading indicators can help you improve your trading strategy:
1. Identifying Trends – Moving averages and trend lines identify trends in the market. This can help you determine whether a security is in an uptrend or a downtrend, and can help you trade better.
2. Identifying Momentum – Oscillators identify momentum in the market. This can help you determine whether a crypto is overbought or oversold.
3. Identifying FAKEOUT Breakouts – Bollinger Bands identify fakeout breakouts and reversals in the market. When the bands tighten, it indicates that the token price is trading in a narrow range. This can help you identify breakouts from the fakeouts and reversals.
4. Confirmation of Trading Signals – Trading indicators confirm trading signals. For example, if a cryptocurrency is showing an uptrend, but the RSI is showing overbought conditions, it may be a signal to sell the token. By using multiple indicators, you can confirm trading signals.
5. Risk Management – Trading indicators help manage risk by identifying potential stop loss levels so you take losses when they are small. For example, if a crypto is trading below a key support level, it may be a signal to exit the trade and cut your losses. By using trading indicators to identify potential stop loss levels, you can manage your risk and make better trading decisions.
Can Indicators Actually Automate Your Trading?

Trading indicators are powerful tools that can help you make better trading decisions. They provide insights into the market’s behavior and can help you identify trends, momentum, and potential trading opportunities.

By automating your crypto trades with tools for risk management, and portfolio rebalancing, you can focus on your life while your money works for you watching the price charts all day.

Three well known crypto portfolio automation services:
1. Shrimpy: Shrimpy is a portfolio management and trading automation platform that allows users to create custom trading strategies and automate trades across multiple exchanges.
2. BitGetCopyTrader.com: Copy the trades of those with a proven record.
3. 3commas: Find managed crypto portfolios to follow or set up your own automated strategy.
By using trading indicators in conjunction with other trading strategies, you can improve your trading performance and achieve greater success in the market.

However, it’s important to remember that trading indicators are not foolproof and should be used in conjunction with other forms of analysis. With the right approach, trading indicators can be a valuable addition to any trader’s toolkit.
March 6, 2023
Critical BITCOIN ACTION levels – look INSIDE Bitcoin Dominance
BITCOIN ACTION levels

BITCOIN ACTION levels

Bitcoin and cryptocurrencies have come to a critical level for our trading plan
- in today’s video I’ll review the price chart of Bitcoin against our technical indicators
- I have a super exciting announcement to make
- and will see what has changed in altcoins over the past few days. I’ll reveal some inside data from the crypto Smartwatch reports and patterns through 2021 crypto alt season. Our system has sorted out the top probability coins as I’ll explain at the end of the video
Become A Crypto Millionaire

The promise of our overall approach is that you can become a millionaire if you invest just $20 per week and double your money every year.

In order to double our money every year we follow three different pools where our money is placed
1. we can be holding fiat currency
2. we can’t be holding bitcoin
3. or we can be holding cryptocurrencies
Our written trading plan is very specific. It works like a flowchart to answer all the questions that you need to determine where your money should be according to our trading plan, but there’s still a question about what to do with our cryptocurrencies that are profitable.

I’ll talk about that later in the video but first let’s jump into Bitcoin prices.

Of course, before this video was finished the prices are going to change so if you want to keep up on the current analysis of Bitcoin price be sure to join our free Discord chat community

Follow me on Twitter for more research and articles on the top crypto projects of 2023.

Let’s take a look at our indicator set for Bitcoin to layout some action zones we must pay attention to according to our trading plan.

You can see our altseason indicator is on the edge of telling us to exit this Market. We use this same indicator on each of the crypto versus BTC pairs to help us identify those coins that are outperforming Bitcoin versus US dollar.

Bitcoin Technical Analysis for March 2 2023

The relative strength index is right on the threshold of our exit confirmation when we look at the daily chart, yet as we zoom into the 4-Hour chart we can also see a consolidation that raises a question and leaves us on high alert I’ll come back to some historical views on the RSI in a minute.

Moving to the volume profile the on balance volume is also a mixed signal that keeps us on notice that we’ll be taking action one side or the other as prices find a direction from here.

The macd indicator is similar to the RSI reading yet it gives us more clear specifics for confirming our next action from the price move from here, for example the crossover of the MACD is a more clear event than the trend breach in the RSI.

The ichimoku cloud was a favorite from the last video I did yet it is not confirming a nice Breakout, instead it has gone to a mixed reading that leaves us with no answer Only some action zones for us to use as confirmations.

The Bollinger Bands are not giving us any reversal signals, yet they are starting to consolidate into Trend confirmation patterns and we can gain confidence in the signals from the other indicators as the Bollinger Bands confirm. Once we get a strong move in price we’ll watch the Bollinger Bands to look for the exhaustion of that breakout move.

Special Announcement

Now for the special announcement I’m so excited about!

I am super stoked to announce that
I’ve been invited to be a guest blogger on Crownanalysis.com

Many of you already know about the channel Tom Crown. He has 75,000 subscribers and does a phenomenal job with his technical analysis and his instruction on how to use indicators that I am not familiar with. I’ve learned a lot about reading the macroeconomic conditions by following and listening to Tom Crown. Check out the news release posting on our website, and read one of my first guest blog posts there outlining the 12 reasons why people lose money Trading. (It’s a great article because I am so familiar with each of these reasons for losing money.)

Becoming A Better Trader

The purpose of my YouTube channel and my trading journals is so that I can identify my trading mistakes and avoid them in the future.

Education isn’t about knowledge, education is about changing your behavior.

Knowing about your trading plan isn’t enough. there is a secret ingredient between knowing and doing.

That’s what the focus of our community is really about.

Now for the Crypto Smartwatch Report

There are three states to our strategy, one is to hold Fiat the other is to hold Bitcoin and the other is to hold cryptocurrencies when the cryptocurrencies are outperforming Bitcoin in US dollar value.

If Bitcoin dominance is rising while Bitcoin prices dropping that’s telling us that the market cap of cryptocurrency overall is declining and that we should be in cash.

The crypto Smartwatch lets us look inside Bitcoin dominance so that we can see the bell curve of the coins that are making the changes happen in Bitcoin dominance. Bitcoin dominance is an average of all of the coins, and the crypto Smartwatch helps us find the leaders in that bell curve.

As we plot the performance of the alt versus BTC pairs over time versus the thresholds of our trading system averaged out across the entire list of 300 cryptocurrencies.

We can begin to see trends that are invisible when we only look at Bitcoin dominance – And we can also filter a list of coins that are passing key thresholds, making our job of rebalancing our crypto portfolio into a simple daily task that anyone can follow.
March 2, 2023
Contributing Author on CrownAnalysis!

FOR IMMEDIATE RELEASE:

Doug Receives Esteemed Invitation to Collaborate as Contributing Author
for Prominent Authority Website on Cryptocurrency Market Analysis!

NEWS RELEASE: DigitalCurrencyTraders.com, a leading cryptocurrency signals provider, is thrilled to announce that Doug Lampi and the team at introtocryptos.ca, a renowned group of cryptocurrency traders and educators, have been invited to collaborate as a contributing author for a prominent authority website on the topic of cryptocurrency market analysis.

DigitalCurrencyTraders.com has a long history of providing high-quality cryptocurrency trading signals and courses to thousands of traders from over 70 countries. The invitation extended to Doug is a testament to our company’s expertise and thought leadership in the cryptocurrency market.

As a contributing author for the authority website, Doug will have the opportunity to share his insights and analysis on the latest trends, developments, and news in the cryptocurrency market with a wider audience. He will bring to the table his years of experience in trading cryptocurrencies, as well as his expertise in educating others to become successful traders.

“I am delighted represent DigitalCurrencyTraders.com as a contributing author for CrownAnalysis.com, a prominent and growing authority website on cryptocurrency market analysis,” said Doug Lampi, founder of DigitalCurrencyTraders.com. “My experience and knowledge come from persistence as I have tracked the altcoin seasons for 300 coins for several years. I’m always happy to share the insights I’ve observed if it can help to shorten your journey to success.”

The Tom Crown and CrownAnalysis.com are recognized as a leading source of information and analysis on the cryptocurrency market, and the contributions of our team will be viewed by a highly engaged audience of industry professionals, investors, and enthusiasts.

In this post we’ll cover the top 12 reasons why people lose money trading and dig into the psychology behind these errors.

Have you fallen victim to any of these mistakes?

DigitalCurrencyTraders.com is committed to providing the highest quality cryptocurrency trading signals and courses to traders worldwide. The invitation extended to Doug is a recognition of the company’s commitment to thought leadership and expertise in the cryptocurrency trading space.

About DigitalCurrencyTraders.com: DigitalCurrencyTraders.com is a leading cryptocurrency signals provider that offers high-quality trading signals and courses to traders from over 70 countries worldwide. The company has a team of experienced traders and analysts who provide valuable insights and analysis to help traders build the habits of a successful trader. DigitalCurrencyTraders.com is committed to helping traders succeed in the fast-paced and ever-evolving cryptocurrency market.

March 1, 2023