The way to success in crypto? (GUIDE, Part1)

It is not a secret, that crypto market has insane volatility, but it is still possible to succeed.

What would you need ?

Proper risk management model and stick hard to the model.

for example, open position for 2.5% of balance X10 which totals to 25% max risk in worst case and you got the funds to doubledown when the instrument reaches its bottom, in case the market went against you.

You will never have a problem or nerves to stay in position for even a week or two, plus you will always have balance to trade with.

Never take more than 120% account risk.

Now You are ready to trade successfully, make profits and find your true edges in the market setups to trade them.

once you found your edge, you could trade it 50% balance at risk, or even 75%, because your edge provides 99% chance of moving.

With this risk management model, you can achieve 100% win rate, no stops required.

Pretty simple, yet bulletproof risk strategy.

UPDATE#1:

always enter position on the RIGHT side of the V, don't attempt to get ahead of trend reversal, as it may not reverse and you will stay in.

UPDATE#2:

Study chart examination techniques like elliot vawes, supply and demand, volumes!

Volumes are extremely critical aspect. Bots, Hedgefunds, market makers may manipulate prices, but they are unable to manipulate volumes!

Do not overload youe chart with indicators, lines and so on, this would only make hard times to make a decision. In fact, all the information on chart will become such a noise, that it will prevent you from making proper decisions.

What do i use?

plain chart (no drawings) for reading elliot vawes, volumes, macd (it helps reading vawes + a momentum indicator).

UPDATE#3:

Position sizing:

Size your positions at comfortable amount, otherwise, the position going under will force you to nerve and panic.

Do not enter 4% at once, go 0.5% and add as it dips on corrections (3m, 5m,15m charts).

Short or Long?

Long has limited risk, short - unlimited.

New updates soon. Stay tuned.

Have fun in the market, buddies :)