Intro to Trading - 3 Module Bundle Video 2 of 3 Flashcards
Trading Crypto Currencies Strategies from Video Lectures.
Inverted head and shoulders have been very success in crypto trading on what time charts?
1 hour - 4 hours
What 3 crypto currency market capitalization charts should you keep track of regularly?
Coinmarketcap.com>market cap Total market capitalization Total market capitalization (excluding bitcoin) Percentage of total market capitalization (dominance) These show where the buying volumes are going overall
What is a trading “structure”?
A big picture buying up and selling off
Find coins that have good company fundamentals. What is a company with good fundamentals.
Ones that create a coin that solves a problem and have money flow into them. They have cash flow, good publicity, overall a good company and great product (crypto coin)
These companies are solid and stable. Good to look for bullish structures. Example of future structures will look like these over time.
What is the difference between trading $1000 to the peak of a structure or day trading $1000 to the structure peak?
Difference between $200,000 to $1,200,000. Daytrading gains are compounded exponentially. It’s called having a layered position. This is what cash flow is.
Can you win 2 out of ten trades and make millions?
Yes
If a trader was to make 10 trades
he were to WIN 3 @100%-200%
LOOSE 7 but keep losses at 20%-30%
450% win
-140% lose
=310%gain
What percentage does a New York hedge fund trader win?
35% 67% 88%
35%
A million dollar trader does not typically put 3-5% of their portfolio on how many trades?
1
The bulk of the crypto currency investments should be into the core coins. Jay’s favorite for right now are?
Bitcoin
Litecoin
Ethereum
If you do these things right by 2018 we should have 50 btc?
Money Management and Risk Reward
What kind of trader is Jay?
Volume and Elliot Wave Trader
What is the larger market cap category for coins?
$500,000,000
What equation is used in cryptotrading?
(Market Cap/Coin Count) + Project
Project is how big of a problem they are solving and how good the company is.
What is vital to money management?
Entry point
What does draw down mean in trading?
Distance of price you are down from entry price.
