Hello there!
My name is Roman and I am absolutely new to trading. I spent most of my life working as a designer and couldn't imagine myself dealing with numbers, charts, trading.
I bet there are many traders who spend most of their life watching markets, looking for some logic in those chart, trying to find an easy profit. Everyone is looking for this magic tool that will tell you what to do to make easy money.
Here is my story.
It's been few years of buzz around crypto, especially BTC, and I wanted to jump into this, but every time I said myself: "Man, relax... It is too late, forget about it, you got to work to make money." Every next BTC jump I was one of those people who regrets not buying Bitcoin when it was $250
Somehow I got to Quickfinger Luc Youtube channel where he explains how to find and use 'Bases'. It seemed pretty simple and I had some free time for this, so I made a small deposit (~$100) and became a trader!
Even though it is a great strategy, switching between different markets, looking for bases, creating tons of alerts took most part of my free time. After five days of trying I ended up losing 20% of my starting balance (apparently I made some mistakes) and was about to give up on trading.
That was the moment I got a CryptoBaseScanner App. It was a breaking point in my short 'trading life'. This app automatically scans for bases and immediately notifies you, once base has been broken.
Sounds fantastic, ha? That what I thought as well and gave this app a shot. Luckily there is a 7 day free trial, so I had some time to test it.
As a fanatic of analytics I cannot skip the fact that this app comes with some extremely helpful stats:
- Avg. drop below base %
- Bases respected %
- 24h volume
- Beautiful 'Bases respected after' graph
It gives me better understanding about the pair I am about to trade, see it's behavior on previous bases found, etc.
Within a week I tried various different strategies, small and huge bid sizes, high and low risk trades. Had both crazy wins and stupid big loses. Below you can see a report of my results. I ended up having +186% to my starting balance IN ONLY 7 DAYS. I made some money knowing nothing about trading. I can only imagine what I would feel if I made bigger deposit.
I couldn't believe you can trade that easy. I wanted to keep doing this but trial account has been expired.
Since I made about +$130, I extended my subscription for another month to see if I can keep my results on the same level. Within those 7 days I have learned something about trading, tried different things myself and now I have my own strategies. Now I understand you can easily increase your balance by at least +5% every day, spending only 1 hour.
I really want to make another big deposit to my account, so I can get more money faster but I decided to stay with what I have and see where it goes.
Let me know if you are interested to see my next reports or if you have any questions about strategies I use.
And here is 12 Days report to finish my story
Interesting but I don't think I would pay for an app. I prefer buying coins that I think are good value and holding them. I had a small investment in Steem but that's up around 600% in a few months. It could be much more this time next year. ICO's are another interesting option, pick the right ones and I think it can be more lucrative than trading.
I think trading and investing require completely different strategies. As a trader you want to use all the tools available to discover the right markets to trade now based mostly on chart information, as an investor you want to do your research in coins that you have an interest in, by searching for information not only found in the charts. I believe a good balance between trading and investing will be very lucrative and may be safer than purely investing or purely trading.
Good point, some people don't want to waste time trading.
In purpose of getting altcoins, you can always use the app to get a cheaper price, buy altcoin, wait until it grows higher and then sell just enough to get your money back and rest of altcoin stays in your pocket as profit and you can wait few months till it worth 600% more.
This way your 5% profit from single trade could become 30% or more with time.
Great read, have just finished my 7 day trial but didn't get to use it as much as I hoped... partly because I'm trading mostly from Binance which is not used in the app yet... I can just check on Binance to see if that pair is on there when alerts come up.
I'm like you, very new to trading and only just making my first trades using the QFL method... setting some alerts on Coinigy manually has made me a few successful trades in the 5-7% range in the last few days but I agree until you know the coins to watch and set alerts on it can be very time consuming.
Based on reports I've seen by those who are really experienced in setting alerts and trading manually the app might need a little more work on it's accuracy in detecting good bases but for those who are learning it seems really useful. I guess the key is to not trust every alert and learn to check the bases manually and decide if it really is a good trade... at least it starts pointing us in the right direction ;)
bravo!
Is he still doing this well on a daily basis? I wonder if that awesome trend still holds...
Also would love to know were these trades made on 1hr charts? or 15min - or which timeframe? Any more info on strategy would be amazing!
hi, what you use to see the blance change every day chart? like above?
I like holding coins too, and i also like capitalizing on the opportunity to trade to increase the amount of coins i will be holding for the long term 😉 This app does great
Congratulations @romatorba! You have received a personal award!
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Semi Finals - Day 1
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Congratulations @romatorba! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!