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A Trading - Crypto cred > Other > Flashcards

Other Flashcards

1
Q

Ichimoku cloud - didn’t note extensively

A
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2
Q

What’s Fib used for?

A

Retracements mostly -

It’s used quite subjectively by traders

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3
Q

What am I building

A

“A bank roll”

For HHPWP
home
Health centre
Purpose work place

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4
Q

Once a pro what can I do?

A

Teach Upworker to find setups for me

Or get into paid groups Nils has

Buy or design software that finds setups

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5
Q

Trade success probability enhancers when it comes to trading clean double cross (CDC)

1 - good (L)…. Selection

2 - second break is (s)…….. and (f)………

3 - false …….

4 - trend …….. (c)

A

1 - good level selection

2 - second break strong and fast

3 - false breaks / wick spikes

4 - trend continuation (trade with the trend)

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6
Q

When market is trending

A

“It’s harder to find an MA that doesn’t work than one that does”

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7
Q

What is FTA - describe it

A
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8
Q

Don’t hunt what?

A

Don’t hunt trend reversal

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9
Q

Fear; doubt, closing winners too early

A
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10
Q

Totally ignore what whilst trading

And why?

A

PnL

Need to focus on market structure, levels and Risk reward according to those levels

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11
Q

1 Frequently miss out of opportunities due to following checklist?

2 - checklist often gets you into bad trades

A

1 Make checklist less stringent

2 need to improve checklist

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12
Q

Many losses?

Do what?

A

Be more lenient if strategy is back tested

But need to use intuition and experience to decipher bad patches from actual bad systems

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13
Q

What does crypto cred do if 3 losses in a row

A

Usually cuts positions size by 50%

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14
Q

What does trading journal need to record space for?

A

Feelings and emotions

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15
Q

What position size is the right number?

A

It’s the number that puts you in the right headspace to trade

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16
Q

What does CrEd do what winning

And what does he do when losing

A

Winning - use unchanged parameters for position size

Losing - reduce

17
Q

Win rate probability enhancers

Find reversals that are in line with the d…. T….

A
18
Q

What’s the question to stop arbitrary moving of stop to break even / marginal profit?

A

If I had no position and price moved to break even / margins profit…

  • would I see this area as invalidation, if no, putting a stop there is random,
19
Q

Should you move stop if risk reward has changed significantly (totally ignoring current profit of the trade)

A

Yes

20
Q

What not to do when you’ve just lost a trade

4 things
Dd
R
Sy
Fl

A
  • double down
  • revenge trade
  • abandon system
  • assume market has flipped / trend reversed
21
Q

Crypto crEd - backtesting

A

He uses it loosely, it’s useful loosely

22
Q

What is an FTA

A

First trouble area

The air your trade is most likely to run into trouble ONCE it’s going in the right direction

23
Q

Options if LTF FTA stalls price on its way to HTF FTA that is exit

A
24
Q

Options if price gets through LTF FTA on way to take profit

Do what?
Add what?
Move what?

A

1 - do nothing
2 - compound / add to position
3 - move stop to new invalidation

25
Q

For mental clarity

A

Have buy and hold longs in cold storage separate accounts

Then have trading account

26
Q

Danger of swing highs and lows

A

Too much noise

27
Q

Crypto Cred’s quote about his worth trading periods

A

Searching for certainty spelt doom

28
Q

Good setups that fail are often good what?

Hint
Trades in the

A

Trades in be opposite direction

29
Q

1 Higher high?

2 Lower low

3 long invalidation LL

4 short invalidation

A

1 This is bullish

2 This is bearish

3 lower low

4 higher high

30
Q

Ok the right green writing is the short sequence to produce a trade - narrate the left for the same for a long

A
31
Q

What are missed trades?

A

Totally normal

32
Q

When are break outs or downs likely to fail

Hint
Retest

A

When retest spends more time at trend line or boundary

33
Q

What’s likely when in a range / chop?

Hint
Things fail

What can we do

A

Breakouts or break downs will fail

Trade the range, and counter trade the overthrows / deviations / fakeoutz

34
Q

Don’t predict trend reversal before seeing it, why

A

We have indicators like MA which can be good

Trying to predict ahead of time usually fails

A Trading - Crypto cred (16 decks)

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