Hi Luc, I'm a newbie investor and your method is very interesting! I've watched your first 6 videos on Youtube and I have some questions, I'd very appreciated it if you could answer them:
- I notice that when trading using your "base" method, it takes about 2-7 days (or more) for the currency (i.e btc) to drop below that base. Assuming that I have limit orders waiting to buy below that base, what do you do in the mean time?
- Since Oct 5th, BTC has been growing like crazy and hasn't cracked any previous bases, does that mean I can't use the base method?
- When using your base method, what time interval should I set your chart, i.e 1h, 15m or 5m?
It's a bit long so thanks for reading and for sharing your knowledge with us Luc!
You should go to our slack to ask all your questions, those are pretty common.. (1) I trade the alts and the stock market while I wait for the bigger position trades..(2) When BTC is running like crazy upwards, I am taking profits along the way from all the free shares that I have created.. (3) I trade the Base method or Position trades using 1hour candles and a 2 month time frame
Thanks for the answer Luc, I've just found the Trading Steps doc and I'm reading it right now. I'm so excited to try out your new method because I've been a panic investor and it costed me quite a bit now.