Thanks for the comment. I totally agree, I am already having trouble keeping up with basic questions over and over.. I try to answer them all, because I know that it can be confusing for some just starting out.. But you are right, that it will wear me out eventually, and its better that I put my free time into creating more videos that help more people.
As my follower counts go up, this blog will get to be more than I can handle, so I may have to cut off answers at some point.
Its a pandora's box situation, because what I explain in my videos actually works. And as people start seeing the markets as I do, they will make successful trades and share that with others. And so the comunity grows, but there are way more traders than I can help individually. So I know at some point I will have to let my videos speak for themselves..
Eventually I will probably just do a daily recap of the trades of the day. And everyone can tune in, to see why and where I entered and exited the market..
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It might save time and effort in the long run to have a "Frequently asked questions" post with short written answers/screencap examples and links to videos with a timestamp where info is discussed. You can edit and add to it over time. Then you can have quick answers like "Please see question 7 in F.A.Q. post" or something.
Anyway, it's just a suggestion.
Thanks for the info you've generously shared Luc!
thats a great idea.. a F.A.Q. post.. yeah, ill start a list of the most common questions
Hi Luc. Firstly thanks for all the effort you put into making these videos. They're incredibly helpful. Please can you include some tips on how to trade on a flat week (sideways trend)? i.e the chart is not cracking the base
I have never seen a week where there was not a base cracking on something.. there is always something taking a dive.. you just have to have the alerts set on all the coins and you will be soo busy you will have a hard time keeping up
hey luc, thanks for helping all of us starters out.... is A or B a base?
I think A is the base but etherum hasn't hit back yet so im wondering where do you think it will hit back up to?
and if B is the base, can you explain why?
https://www.coinigy.com/s/i/59780cde2af5e/
Only B.. (a) was too small a bounce to signify strong support at that price, so not a base..
@quickfingersluc: I suggest including examples like this when you compile your F.A.Q. This seems to be the most common error made. I use the measure tool in coinigy to assure the bounce is strong enough to signify support, once I started doing this rather than eyeballing charts it became much easier to determine where a base truly exists.
how do you use the measure tool? what is it exactly and what is your criteria?
Thanks! and Thanks to you too luc!
Measure tool does exactly what you would expect it to do - measure time and percentage change. Criteria is different for every chart, look at the past to predict the future.
Thanks! what determines a " strong support " ??
Also, how soon d you usually wait to sell on a position trade? Are there any rules like always sell when you close for the day? ETH hasnt hit back up so itll take some time. but how long is " too long" ??
Please, don't change up now- love the work dude, should be called magic-luc for the business of trade lol
Having some insight and somebody, a guiding light has been fantastic- sort of keeps my head screwed on with taking hits like the crypto market gives a day, keeping me positive, the hits keep you realistic to not go all in or more than you can lose like you say not putting more when you get a return on building a small account..
Just can't wait to get that scanner too, I love position trade and any trades, can't wait to do daytrading though man! Penny stocks scare me it took me so long just to get into crypto even, feel like a new trader like myself can get chewed alive out there lol wall street
Just keep your positions small to start.. small trades till you feel confident.. If at anytime you are worried about a trade, that means you are in too big... all your trades should just be hum drum, easy, and never keep you up at night..