1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

Koichos

All Star
Joined
Oct 11, 2017
Messages
2,011
Reputation
-720
Daps
2,824
Reppin
K'lal Yisraʾel
Aww he'll no. Man I've been trash at leverage trading for 2 years what you doing breh?
At this point I just high-leverage scalp the momentum on the 5 and 15-minute time frames on cross margin with $1,000,000 in the account so liquidations are of no concern.
 

Koichos

All Star
Joined
Oct 11, 2017
Messages
2,011
Reputation
-720
Daps
2,824
Reppin
K'lal Yisraʾel
Aww he'll no. Man I've been trash at leverage trading for 2 years what you doing breh?
Were you utilizing EMAs, RSIs, vector candles, support and resistance? Stop losses? What was your strategy/confirmation for entering and exiting a position? Did you start trading on spot, first? If you don’t learn how to properly trade support and resistance on spot you will inevitably end up shorting the bottom and longing the top on leverage.

The following strategy is beginner friendly, however only the first of these is really applicable to spot trading. Technically, a 1x short is not leverage but still not for beginners.

5 EMA crosses above 13 EMA (bullish potential), 13 EMA crosses above 50 EMA (bullish confirmation) = long
—Once you have opened the position and the 5 crosses back below the 13, you may or may not want to take some profit; once the 13 crosses below the 50, close the position

5 EMA crosses below 13 EMA (bearish potential), 13 EMA crosses below 50 EMA (bearish confirmation) = short
—Once you have opened the position and the 5 crosses back above the 13, you may or may not want to take some profit; once the 13 crosses above the 50, close the position

  • The 5 will always cross the 13 before the 13 crosses the 50 - the former signals the beginning of what could be a bullish or bearish trend while the latter confirms it.
  • Wait for 1 candle of confirmation (for the candle to close after the EMAs have crossed, to prevent reversal of trend fakeouts) before opening or closing the position.
  • Works on any time frame, but good entries will be missed on the longer ones. The 1 and 3-minute, too many fakeouts; 5-minute is the sweet spot but 15 is good too.
 
Top