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Tag: risk management

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
Bullish Trend in Cryptocurrencies – Nov 7 2023

The AltSeason CoPilot report for 2023-11-07

The Alt Season Copilot spreadsheet lets us look inside Bitcoin dominance to identify the coins that are changing to bullish trend in cryptocurrencies first. As the trend continues to unfold, we can watch the interaction of our three statuses of coins.

We can expect that the ALERT status coins will now pull back, and that the HOLD status coins will continue to climb.

This will be consistent with a continuation of the bullish trend.

Bullish Trend in Cryptocurrencies

Members Update: Strategies for this stage of Altcoin Season

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Do The Work Of Stage 1 Of The Trade

It is an active time.

We should be reviewing all of the chart patterns against our trading plan PDF to ensure that we are taking a small position in each of the coins that are passing our signal.

What Will Come Next For Sure

We can never know the future, so if we diversify with very small positions and work on our risk management, we are positioned just in case the future has some incredible fantastic gains.

This is our busy time as a cryptocurrency trader. Once we get our stop losses above our entry positions, then most of our work is finished, and then we sit still and let the market play out whatever is coming next.

We have no long-term positions, but we may end up with some positions that we hold for a very long time from these incredible bottom formations starting a massive bullish trend in cryptocurrencies.

Sign up for the AltSeason CoPilot. Each day we manually review each altcoin/btc chart and we update the trade status as we rebalance our model portfolio from day to day. The pie char above is our Altseason Index.

November 7, 2023
AltSeason CoPilot – Cryptocurrency Portfolio Rebalancing Tool

Sign up for the AltSeason CoPilot. The Cryptocurrency Portfolio Rebalancing Tool That Anyone Can Actually Use.

Each day we manually review each altcoin/btc chart and we update the trade status as we rebalance our model portfolio from day to day.

Key Trading Tips To Remember

The following article was created based on our unique trading approach. We have been giving always our proven crypto trading plan PDF since 2015. Join thousands of people and learn to profit from trend trading.

Altcoin season is a period of time when the US Dollar value of altcoins, or cryptocurrencies other than Bitcoin, experience a surge in value and market capitalization at a faster pace than Bitcoin’s price. This can happen when Bitcoin’s price is stable, rising or decreasing. By trading the ALT/BTC spread during altcoin seasons, investors can take advantage of these price differences and increase their profits.

The AltSeason CoPilot is based on a proven crypto trading plan that includes risk control strategies. It is designed to help investors identify altcoin season opportunities and maximize their profits. The CoPilot is based on the principle of finding the altcoins that outperform Bitcoin during altcoin seasons.

The AltSeason CoPilot provides signals and indicators that can help traders
identify the best altcoin season opportunities.

It also features risk management tools that can help traders
manage their exposure and minimize their losses.

Another sign of an altseason is a decrease in Bitcoin dominance, which means that Bitcoin’s market capitalization as a percentage of the total cryptocurrency market cap is declining. Stable coins are often used as a way to store value and move money in and out of the market while remaining in a monetary form that is easy to convert back into other cryptocurrencies. When stable coin dominance increases it is bearish for altcoins, it may indicate that investors are seeking to move money out of the market or to protect their investments from volatility. On the other hand, a decrease in stable coin dominance is bullish because it may suggest that investors are feeling more confident in the market and are willing to take on more risk by investing into crypto again.

While this indicates that investors have shifted their focus to other cryptocurrencies, it is an average of the entire group. Within that group of coins, some will be out performing, while others are stagnant. Bitcoin Dominance doesn’t give us the specific insight about which coins are performing best but we can rely on the daily action matrix from the AltSeason Copilot.

Bitcoin Dominance Relationship Shifts

It is important to note that these relationships are not always straightforward and can change over time and we must always manage our risk exposure and be aware of common trading mistakes. For example, a decrease in Bitcoin’s dominance may not always mean that altcoin season is upon us. It could also be caused by a decrease in the overall market capitalization, as has been seen during market downturns. Similarly, an increase in the use of stable coins may not always indicate a lack of confidence in the market. It could also be a sign of increased adoption and demand for stable coins as a store of value.

Many traders in the cryptocurrency market focus on trading altcoins against the US dollar. However, by focusing solely on this approach, many traders may be missing out on valuable opportunities that trading the ALT/BTC price spreads can provide.

Diversification Of Risk Exposure

Another significant advantage of our approach to trading the ALT/BTC spread is that we recommend our traders to take smaller position sizes and spread their portfolio across multiple cryptocurrencies. By diversifying their portfolio in this way, traders can potentially benefit from explosive moves in the hottest cryptocurrency markets while minimizing risk in those coins that have no follow through.

With this approach, traders can take advantage of a wider range of opportunities in the cryptocurrency market – while keeping risks low. To unlock profits with altcoin season trading strategies, it is important to focus on identifying long-term trends for altcoins and taking advantage of portfolio diversification.

In addition to the AltSeason CoPilot, traders can also use other tools to help them in their trading. For example, Crypto Signals That Work can provide traders with timely and accurate signals to help them make informed trading decisions. Automating Your Crypto Trading Strategy can also help traders take advantage of market opportunities without having to constantly monitor the market.

Finally, traders should also consider rebalancing their portfolios to take advantage of the opportunities that altcoin season presents. This can be done manually or by using a tool such as the AltSeason Portfolio Rebalance. This tool can help traders optimize their portfolios for the best returns by rebalancing their holdings to reflect the current market conditions.

Altcoin season is a great opportunity for traders to unlock profits. By taking advantage of the tools and strategies discussed in this article, traders can maximize their profits and minimize their losses during this exciting period of the cryptocurrency market.

Frequently Asked Questions

Q: What is altcoin season and how does it impact cryptocurrency trading?

A: Altcoin season refers to a period of time during which alternative coins, or altcoins, tend to increase in value relative to Bitcoin. During this period, traders often take long and short positions with altcoins to capitalize on the spread between them and Bitcoin. As a result, altcoin season can provide a great opportunity for traders to increase their profits as altcoin prices may outperform Bitcoin during this time.

Q: How can I take advantage of the ALT/BTC spread in crypto trading?

A: Taking advantage of the ALT/BTC spread can be done through several methods. By leveraging margin trading or futures trading, traders can use short and long positions to take advantage of the spread. Additionally, traders are also able to trade on exchanges that offer a wide range of altcoin pairs, allowing traders to capitalize on price differences between different altcoins.

Q: What are the risk control strategies I should consider when trading altcoins?

A: Risk control is an important element of trading altcoins as the volatility of altcoin prices is often higher than that of Bitcoin. To reduce the risks of trading altcoins, traders should employ a risk control strategy such as setting stop-losses and utilizing a risk-reward ratio. Additionally, traders should be aware of the potential risks and rewards associated with specific trading strategies, such as margin trading and futures trading.

Q: Why do altcoins tend to outperform Bitcoin during altcoin seasons?

A: Altcoins tend to outperform Bitcoin during altcoin seasons due to market sentiment and a greater level of speculative trading activity on altcoins. During altcoin seasons, traders often take long and short positions on these coins to capitalize on the spread between them and Bitcoin, driving up their prices. As a result, these coins can provide greater potential profits than Bitcoin during these times.

Q: What are the signs of an upcoming altcoin season?

A: The signs of an upcoming altcoin season include increased trading volumes for altcoins relative to Bitcoin, higher open interest on altcoin futures markets, and a decrease in the market dominance of stable coins. Additionally, traders may also look at market sentiment and upcoming developments releasing on altcoins, such as major announcements, to identify potential upcoming altcoin seasons.

May 31, 2023
How I Captured The Bitcoin Breakout Entry Signal on Saturday Morning
Video Chapters
- 0:00 Bitcoin Price today
- 0:30 Bitcoin TA
- 3:26 Saturday’s Signal
- 6:02 AltSeason 2023 Update
- 8:20 Crypto Signal Results
In today’s video I reveal how I captured a entry signal on Saturday mornings Bitcoin Breakout

Before I do that let’s check through the relative strength index, the on balance volume, the macd indicator, the ichimoku cloud and finally the Bollinger Bands

By following these indicators on the 4-Hour and the daily time frame we can watch for our trading signal to appear and follow along as our trading system risk control rules are applied

The important part of this video

is after about the 7 Minute Mark where I detail the historical data from our altcoin season research. We can show that there have only been six opportunities in the past that match what we are looking at right now. In those six past opportunities if we had deployed our altcoin strategy at that time we would have pulled profits out of the markets.

I don’t know the future but because our trading system is down to a very unique pattern. I do know it is an important time to watch each individual coin that is passing our trading signal.

With a simple daily routine, we can slowly build out our crypto portfolio and diversify into the most promising projects.

As a cryptocurrency trader, capturing a profitable entry signal is the first step in your trading success. In this video, I will share with you how I captured a Bitcoin breakout entry signal on Saturday morning, including the indicators, the chart patterns and the risk management I used for planning this signal.

Analyzing Indicators

Before I reveal my trading signal, let’s take a look at the indicators I used to make this trade. I analyzed the relative strength index (RSI), on-balance volume (OBV), moving average convergence divergence (MACD), Ichimoku cloud, and Bollinger Bands. Analyzing these indicators on both the 4-hour and daily time frames allowed me to get a clear picture of market trends and potential trading signals.

Trading System Risk Control Rules

After following the indicators and analyzing the market trends, I was lucky to be there when my trading signal appeared.

I applied my trading system risk control rules and left my money there to watch the market and make my trade.

The set of rules we have in place to manage risk
are more important than our price predictions.

Historical Data Analysis

In this video, I revealed historical data from our altcoin season research.

After analyzing the data, I discovered that there were only six past opportunities that matched what we were looking at right now in March of 2023.

If we had deployed our altcoin strategy during those six opportunities, we would have been able to pull profits out of the markets.

Trading System Unique Pattern

While I cannot predict the future, I do know that my trading system is down to a very unique pattern, making it an important time to watch each individual coin that is passing our trading signal.

Daily Routine for Crypto Portfolio

By incorporating a simple daily routine, we can slowly build out our crypto portfolio and diversify into the most promising projects. It is important to continuously analyze market trends and adjust our strategies accordingly.

Capturing a profitable entry signal requires careful analysis of market indicators and a solid trading system with risk control rules in place. By following these practices and incorporating a daily routine, we can increase our chances of success in the volatile cryptocurrency market.
March 15, 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
Risk Management From Stage 2 to Stage 3 of The Trade

Watch the Feb 18/23 Members Video (login here) then return to this post.

In today’s 18 minute member video we cover more than twenty current examples of how to use support and resistance levels for Crypto Trading Risk Management.

Our job is to manage risk as we transition our new positions from Stage 2 to Stage 3 of the Trade. Managing risk is a multi-layered approach. Today we check stop levels in the new positions and talk through the reasoning for moving up some stops for profitable positions (Stage 3) and why we are leaving some of the profitable trades with stops below our entry (Stage 2).

Read our research blog as we evaluate the fundamentals of top altcoin opportunities for 2023. We aim to make informed investment decisions and manage our risk. Find out what factors to consider when evaluating a project’s team, technology, and market potential. Stay informed about crypto market regulations and use this knowledge to manage your trading risk effectively.

Discover the benefits of diversifying your crypto portfolio for effective risk management.
Learn how to choose the right mix of cryptocurrencies to minimize risk and maximize returns.

Successful trading requires effective risk management and emotional control. In today’s member video, we talk about how to identify and manage risk through all five stages of the trade in order to stay calm and focused during volatile markets. Learn the best practices and tips for entering new trades and manage stop loss levels to minimize risk and leave room for the explosive opportunities in crypto. Discover the key factors to consider, understand the options and gain the confidence to execute trades without second-guessing and continual chart-watching.

Learn how to make your money work for you while YOU do other things! Leave your money to do the dreary job of watching crypto price charts.

February 21, 2023
Reviewing Yesterdays Closed Trades after BTC.D Rise
Members video update – login to view the video and portfolio update.

Feb 14, 15 and 16, Bitcoin prices spiked higher and Bitcoin Dominance also rose – indicating that bitcoin surged in usdollar value more strongly than the altcoins as a group. As we rebalance our crypto portfolio today, the two-part focus starts with
1. double checking all the exit status coins,
2. and an important focus on reviewing the profitable Stage 3 coins and plan the trade details if we find a place to add on and increase the size of our successful positions if markets move in our favor.
The group of altcoins can be sorted into the group of coins that are out-performing bitcoin, a group of coins that are hovering at about the same, and a group of coins that are under-performing. The Crypto SmartWatch spreadsheet is a powerful tool that lets us look inside BTC.D and sort out those good projects from the rest. Our crypto signal provider offers even more detailed trading service for those who are serious about becoming a crypto millionaire.
February 16, 2023
Crypto Trading Plan Example PDF

Thirty two page Crypto Trading Plan Example PDF with Tutorial Video. Included with the Crypto SmartWatch model portfolio tracker.

Our bite-sized style cryptocurrency lessons are generally under 10 minutes per video so you can start building a focused understanding of trading crypto trading for profit – and skip past all learning about the technology.

A trading plan that you understand from entry to exit, is all you need to successfully make profit crypto trading the altcoin seasons.

Trading Plan Blueprint

A trading plan is a blueprint that outlines the steps you will take to achieve your trading goals. It acts as a roadmap or a flowchart, guiding you through the correct actions in to take in all 5 Stages Of The Trade. Whether you are a beginner or an experienced trader, a well-crafted trading plan can mean the difference between profit and loss.

Example of what is inside our Crypto Trading Plan PDF

In the basic Crypto SmartWatch crypto technical analysis course, we will be covering an introduction to only technical analysis we need for trading cryptocurrency with the least risk. Technical analysis is a tool we use to analyze historical price data and identify our trading signals and our risk control zones.

Technical Analysis is not about making predictions about future price movements, though the clickbait headlines on youtube may lure you into that horoscope-method-of-trading.

By understanding the principles of technical analysis and risk control, you can gain a deeper understanding of the real job that is required for successful trading – and even work out how long it might take to become a crypto millionaire.

This technical analysis for cryptocurrency PDF will provide you with a focused view of how we use technical analysis, including trend analysis with exponential moving average pair crossovers, trend lines, support and resistance levels, as well as our key trend reversal chart pattern.

You will learn how to use these techniques with our risk management approach to identify potential trading opportunities and plan the 5 Stages Of The Trade in advance.

In addition to the technical analysis cryptocurrency tutorial, we will also be covering other essential topics such as our two risk management rules, your emotional relationship with money, and how the Crypto SmartWatch can help you manage you portfolio diversification.

These topics are crucial for any successful trader and together with our coaching and our dedicated trading community, we can help you build a solid foundation for your trading journey.

You may have compiled a list of the best crypto trading courses available online – and yet still hesitating about which one to invest in. Other courses are designed to provide you with a comprehensive understanding of blockchain and the technology behind it.

But we don’t need to know any of that if we just want to profit from the price swings of the cryptocurrency asset or token.

Trade cryptocurrency and make profit

Skip the technological crap
about crypto.

The SmartWatch will equip you with the skills and knowledge you need to start trading and managing risk confidently. Whether you are a beginner looking to get started or an experienced trader looking to expand your knowledge, the Crypto SmartWatch explains the entire process and then makes it a simple daily routine!

We hope you find our Crypto Trading Plan Example PDF helpful and look forward to guiding you on your trading journey. With the right knowledge and a well-crafted plan, you can maximize your chances of success in the exciting world of cryptocurrency trading.

Thirty two page Crypto Trading Plan Example PDF with Tutorial Video. Included with the #CryptoSmartWatch model portfolio tracker.https://t.co/3FMbUwzw5Y #altcointrading #cryptotrading #CryptocurrencyMarket
— introtocryptos.ca (@introtocryptos) January 16, 2023

January 8, 2023
Reducing Risk In Crypto Investments
More people are searching for proven approaches for reducing risk in crypto investments.

By following two simple risk control rules, it is possible to improve your returns and to effectively manage risk in your cryptocurrency investments – and at the same time resist the silky lure of price prediction.

How to reduce risk in crypto investments.
1. Managing losses in crypto trading
One of the most important risk control rule is to reduce or close your position unless it proves you correct. This means that if an investment is not performing as expected, it is important to reassess the situation and consider whether it is worth continuing to hold the position. If the investment is not meeting your expectations, it may be necessary to cut your losses and exit the trade.

This rule is important because it allows you to minimize potential losses by getting out of a trade that is not working in your favor. By holding on to a losing position, you are essentially doubling down on your initial error and increasing the risk of further losses. By reducing or closing your position, you are able to limit the potential for loss and to preserve your capital for future trades.

Another reason why this rule is so important is that it helps to prevent you from becoming emotionally attached to a losing trade. It can be easy to become emotionally invested in an investment, especially if you have a strong belief that it will eventually turn around. However, this can be a dangerous mindset to have, as it can lead you to hold onto a losing position for longer than you should. By following the rule of reducing or closing your position unless it proves you correct, you are able to maintain a level-headed and objective approach to your investments.
1. Increasing profits in crypto trading
The second risk control rule is to press your winners correctly without exception. This means that if an investment is performing well and meeting your expectations, it is important to take advantage of this success and to maximize your profits. This can be done by “pressing your winners,” or increasing your position in the investment.

This rule allows reminds you to take advantage of market opportunities and to push your correct position. By adding onto a winning position, you are able to capture a larger share of the potential profits. This can be particularly important if you are trading in a long trending market, as it allows you to capitalize and to potentially generate significant returns.

This rule is so important because it can prevent you from second guessing yourself and being too conservative in a position that has been proven correct. It can be tempting to take profits early and to lock in your gains, but this can also prevent you from maximizing your returns. By pressing your winners, you are able to stay engaged in the market and to potentially capture even larger profits.

Manage Risk, Don’t Predict Price

Managing risk is considered to be the primary job of a trader. This is because, while predicting price movement can be an important part of the trading process, it is ultimately not within a trader’s control. Crypto markets are especially unpredictable and require proven and tested strategies for following the trend while diversifying at the beginning of altcoin season. There are simply too many factors that can influence price movements, including economic events, new regulation changes, political developments, business failures, high level frauds, and even social and psychological factors… to name a few…

As a result, it is simply not realistic to accurately predict price movements on a consistent basis.
The primary job of a trader is managing the two sides of risk
- mitigating the potential for loss.
- maximizing the potential for gains.
A crypto traders primary job involves identifying and analyzing potential risks, developing strategies to mitigate exposure to those risks, and implementing those strategies effectively. Their secondary job is to increase exposure to risk when the trade is going in our favor.

Why 80% of New Traders Fail

By following a risk management approach that feels good and is easy to manage, traders are prepared in advance to preserve capital and maximize the potential for large and significant profits.

Why Do We Focus On Price Prediction?

Talking about price prediction is more seductive than talking about reducing risk in crypto investments for traders. It allows us to feel a sense of control in an unpredictable setting and we gain prestige and recognition from others when we are correct. However, it is important to recognize that price prediction is an unreliable activity and ultimately – it is not the primary focus of any pro trader.

Relying on our own price prediction it too heavily can lead to poor decision-making. If a trader becomes overly focused on trying to ‘be right’ on the direction and size of price movements, they may make trades based on their predictions rather than on sound risk management principles. This can leave a trader open to much bigger losses.

Top Crypto YouTubers and social media influencers may focus on price prediction because of a desire to gain approval from others and to earn income from views. This desire for approval can be particularly strong when it comes to activities that are perceived as challenging or prestigious, such as trading.

Price prediction leads new traders away from the job they are supposed to be doing…

For many traders, the pursuit of profits and success in the markets can be closely tied to their ego and their desire for social recognition. They may feel a sense of pride and accomplishment when they are able to predict price action and seek validation and approval from their peers and colleagues.

Trading Mistakes When Winning
Trading Mistakes When Losing

This desire for social recognition is a powerful motivator, but it can also lead to negative consequences in trading. For example, a trader who is overly focused on seeking approval and recognition may make risky trades in an attempt to impress others, even if those trades are not in line with their overall investment goals and risk tolerance.

Surrendering to the unknown can be emotionally challenging because it requires letting go of our ego’s desire to be in control and to have a sense of predictability. It can be difficult to accept that we cannot always know or control what will happen, and this can lead to feelings of anxiety and uncertainty.

However, surrendering to the unknown allows us to release our attachment to certain outcomes and to expect reversals against all of our best analysis.

When we focus on managing risk right now and not on potential results that ‘should’ happen, we naturally find a greater sense of freedom and peace in managing out trade positions.

In the context of trading, surrendering to the unknown is simply part of the job.

The markets are inherently unpredictable and volatile.

However, with a good trading plan we can learn how to let go of our need to control every outcome and to predict every price movement, we can free ourselves from unnecessary stress and anxiety and focus instead we assign that difficult work for our money to do on our behalf while we do other things.

Our only job is effective risk management. Our two risk control rules – reducing or closing your position unless it proves you correct and pressing your winners correctly without exception – are the keys that will keep you focused on reducing risk in crypto investments in order to tip the odds in the unfavorable game of trading… to your favor.
January 7, 2023