https://twitter.com/Crypto_Mickbit
Hello Steemit,
I decided to create an account here to compliment the work I do via twitter. I am a crypto analyst and trader, and my main focus will be to contribute my ideas on market behavior, important news in relation to the crypto space, and provide educational methodologies that I've have come to learn over the years.
As a quick disclaimer, I am not a licensed financial adviser - what is published both here and on my twitter are not to be taken as investment advice or instruction.
So about 2013 I started doing forex trading part-time as a kind of hobby - it was much like gambling at first and was an expensive learning curve. I gradually refined my method and kept learning as much as possible. Starting with the basics and moving into more advanced methods, I spent more time early on researching as opposed to live trading. I found it very interesting the elaborate way that elements of psychology had been integrated in a quantifiable way with such methods like Elliot-Wave Theory. In contrast, methods like Wyckoff building on the premise of an Institutional strategy to exploit, or W.D Gann and his use of Geometry and Time cycles. Honestly you can spend years studying all the various methods used and never make a single trade - I did a balance of the both.
I entered into the crypto space early 2017 - the year when everyone felt like a pro trader. I was sharing my trading ideas for free and eventually got recruited as an analyst for a private trading group. This i did for about a year with membership comprising of traders who also ran their own private groups. Eventually I pulled away from it due to concerns I had over risk tolerance and legal matters. The trader I am today would of slapped the trader i was back then - I had learned a-lot at that point of time but didn't feel an adequate level of confidence as yet, and needed more time to trial more strategies. A significant factor was also the bear market that followed - options became limited to 'shorting' on Bitmex or Bitfinex, which requires a different approach entirely. It's one thing to learn without trading, it's another thing to apply that live with real money behind it, and another thing again to feel somewhat responsible for capital of others that far exceeds your own. In saying that, it was a strong motivation to knuckle down on education resources - it just wasn't enough for me to have something that only worked half the time, needed to develop a method that was much more consistent.
Trade analysis is highly subjective and everyone has their own approach. I know one guy who only puts a single line on his charts, and another who's charts look like a laser show at a disco. With TA my goal is simple, identify low risk and high reward areas - doing this sent my approach around in full circle, extremely complex to the point where you create too much indecision due to conflicting cues, to what I use now which is much more simple and reduced to a handful of select tools/methods that have proven to be more reliable - this builds confidence and clarity. Below is an example of my charting on ETH/USDT recently.
I'll leave the educational material for future blogs/articles where I will go over what I have found works for me, and some of the pitfalls that I think traders are best of avoiding. Once again, this will not be intended as advice but I do hope value and benefit is gained for those that wish to adopt my methodology. Aside from this, I will be going a bit more deeper into my thought process with approaching a trade, criteria checklists, risk management, and how I filter out what I believe is insignificant cues that tend to trap traders into difficult positions.
Why am I doing this? Well I'm not doing it to gain a large following or make money from blogging, why I want to do this is simple - to give my contribution and support the crypto space. I understand very well how difficult and challenging it is to navigate the crypto markets in a profitable manner - you are surrounded by participants with a conflict of interest and all too often I see an almost abusive level of influence among it that is out to exploit the community rather than support it. The reality is, the crypto industry needs community support to thrive - and that will dry up and become very centralized if whales and exchanges eat up all the fish. What I wan't to do is give all the fish a big harpoon :)
Thank you for your time and support.
Goodday and Welcome to the great community of Steemit, Mick I presume ,
YESS You are a new Steemian now!
I saw your #introduceyourself and its nice to meet you. We haven’t met before but that changes right now. Dont let all the replies and bots scare you.
Just comment if you get scared and i Will help out.
If you download the app Steemify for notifications you see what Will happen in your account.
Blogging, building and uplifting eachother is what steemit is and what its all about on this blockchain. The best part is that you could earn money to.
I love blogging, But always be carefull with all your passwords, Never give those up !!
https://steemit.com/community/@brittandjosie/4-o-clocky-steem-keys-key-to-your-succes-so-secure-them
The Steemify App I use is great, it is available in the Appstore and free, go cheque it out. Or read this blog
https://steemit.com/busy/@exyle/using-steemify-to-stay-up-to-date-about-the-blockchain-like-project-destiny-please-consider-blockbrothers-for-your-witness-vote
I wish you good luck with steeming and I Will See you around🍀
Good luck with your journey and may you find here what you are looking for.
Just remember that all good things come in good time and never giving up is THE key to big succes on Steemit.
Please vote for a witness to. You have 30 votes and if you dont understand let me know and i Will help. Also you could join the SteemTerminal Discord.
Or visit @heyhaveyamet #HHYA and My friend @xcountytravelers for more newbies exposure in the beginning very important.
Let me know if this was helpfull or you need more help, I am in Discord too @ brittandjosie3488
Greeting from the Netherlands
@ Brittandjosie
steemterminal discord invite
https://discord.gg/pxBj9b
Thank you Britt and Josie, I followed and upvoted some content on the 'vote for a witness' contacts you shared. I am a little confused as to how it works but im guessing it's a kind of communal vote sharing concept? Would much appreciate more info on it as I've received over 30 votes.
I really should setup discord, seems there is a whole world of things happening there. Thank you for your support and advice, and I'm happy to return it anyway i can.
And yes, I'm Mick... greetings from australia :)
Yes Discord is the side way to steem, there the questions asking is free so I hope to see you there talking sharing and caring is what we do there with a lot of like minded people it should be fun !
Cause you were my 2700 th follower I upvoted your second blog with 100 % upvote .
Good luck and blog soon
Welcome to steemit @mickbit.
Welcome the new steemians. Have a great day!
@mickbit welvome with your new project in steemit
@tipu curate 0.1
Upvoted 👌 (Mana: 0/10)
Welcome ;)
Great idea! 😍
Joining STEEM. 😎
For real. I think your content is always needed and appreciated. As we (hopefully) onboard newbies to the cryptosphere we will need places to send people to get a good grasp and understanding.
Excited to see ya around!
If you are familiar with DISCORD come join us there! 😍
Minnow Support Project PALnet Discord
Thank you, am looking forward to sharing my ideas and experience with the community - already working on my third article but hope to complete it soon.
Thanks for your support :)
Welcome mickbit!
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You should post your trading information on steemleo
Can you tell me a bit about it?
Steemleo is a front end that runs alongside the STEEM blockchain.. it has it's own token backed by STEEM. It's for investment content
Great, thanks for the advice - ill check this out. I noticed it's also a tag topic - so basically I just plug this tag on my created content? Sounds like a bit more to it, like an additional app/website?
Steemleo has their own front end too.. steemleo.com
Welcome to Steem mickbit! Partiko is officially the fastest and most popular mobile app for Steem. Unlike other Steem apps, we take 0% cut of your earnings! You can also be rewarded with Partiko Points while using Partiko and exchange Partiko Points for upvotes!
Partiko for Android can be downloaded here on Google Play and the iOS version is available here on the App Store.
If you have more questions, feel free to join our Discord channel and ask @crypto.talk, we're always here to help!
Thank you so much for your interest!
Welcome on Steemit!
Welcome to the Steemit community @mickbit!
We sincerely hope you find everything you are looking for and have found a new home here.
Eight suggestions to consider:
be sure to source all of your work, even if it is your own.
I found you because @xcountytravelers and @brittandjosie from @heyhaveyamet presented and promoted your publication to get more exposure and help you grow faster.
If you find yourself overwhelmed and need some guidance, or if you have any questions, there are informed Steemians available who can help you; you can click to go to the Steem Terminal in Discord here:
Have fun and happy Steeming!
I've always been curious about getting in to crypto trading, once I discovered crypto I went full in, totally wish I could drop Fiat for good. I try to whenever I can and always substitute crypto or block chain alternatives whenever possible.
Glad to see another Tweeter here. Have you checked out Minds social network too?
Welcome.
@giphy curate 50%
Upvoted 👌
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Welcome to the blockchain, Mick. Being a HODLer your (non)advice may not be applicable to me but wishing you every success on The Chain!