5 Day Crypto Trading Course | Alex Winkler | Skillshare

5 Day Crypto Trading Course

Alex Winkler, Consistency is king

5 Day Crypto Trading Course

Alex Winkler, Consistency is king

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16 Lessons (2h 45m)
    • 1. Day1 part1

      7:47
    • 2. Day1 part2

      7:05
    • 3. Day1 part3

      11:22
    • 4. Day2 part1 edited

      19:44
    • 5. Day2 part2 edited

      12:22
    • 6. Day2 Part3 edited

      7:01
    • 7. Day3 Part1 edited

      8:31
    • 8. Day3 part2 edited

      23:12
    • 9. Day3 part3 edited

      10:58
    • 10. Day4 part1

      2:51
    • 11. Day4 part2

      20:29
    • 12. Day4 part3

      4:56
    • 13. Day5 part1

      6:41
    • 14. Day5 part2

      4:50
    • 15. Day5 part3

      10:45
    • 16. Day5 part4

      6:13
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About This Class

Everything You'll Need to Get Up And Running As A Crypto Trader / Investor

What to expect the next 5 days

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Day 1: Overview & Planning

A short intro day.

I'll quickly review who I am and what this weird word Enzlo is. Then we'll dive right into the different exchanges I use along with the fees associated with them. And the last thing we'll learn is what the difference between a maker and taker is.

This can take some time, especially getting accounts approved for fiat deposit. So if your really serious about this don't move on to the next days until you have your verification in progress or done!

Day 2: Succeeding In Crypto & Mastering Exchanges

We're going to review the differences of some of the top exchanges, their fees, how to join them and why we will be using certain ones. We'll also dive into why it's important to separate your trading and investing accounts. After that, we'll wrap up on some basic accounting information and how I keep track of all trades and make sure I'm ready for tax season.

Day 3: Crypto Trader Course (Making Profitable Trades Consistently)

Here's we'll start learning the rules, the importance of sticking to the rules. We'll dive into building your Trade Journal where you can document and learn from all of your trades. Then we'll wrap up with learning about TradingView and different time frames to view trades in.

Day 4: Crypto Investor Course (Finding your strategy)

Here we will look into swing trade and a few technical setups, why and how we'll diversify our portfolio, and the wrap up with looking into ICO's and Airdrops.

Day 5: Get Started & Stick To Your Rules!

In this last day, we'll touch on actually getting started trading. What are some good portfolio allocations and how to start your trading day. That includes building a watchlist first thing in the morning.

Also if you applied to join our Crypto Apprentice Program (CAP) you should have a call scheduled with us on the call we'll review a few important things and get to know you and your goals a bit more.

Meet Your Teacher

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Alex Winkler

Consistency is king

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Transcripts

1. Day1 part1: Hello, everybody. Alex Twinkly here. And welcome to the crypto trading course. It's gonna be a five day course, and today we're gonna focus on all the different parts. In day one. It's gonna be a pretty quick day. It's kind of be more of an overview. But we're also going Teoh, dive right into getting your account set up on the exchanges, which is mostly gonna be all in your end. So for me, it's gonna be fairly quick. Also, keep all these videos as quick as possible so you guys can really dive into the good stuff . A little side note at a time is this whole course is already done all five days, and you can already view each day if you just go to crypto dot Denslow dot com ford slash community for it slash course. Or in the naff bar, you click on course. You don't even have to be logged in. You just click on it and go to the day you're on. So it's completely free. No count required. You could always look back to it and each course eyes going, Teoh videos attached to it. All right, so let's get started. So first congratulations, we're getting started. Oftentimes that's the biggest hurdle, and getting started with investing or trading or anything is super important. So I'm super excited that you took the time to start learning and there's there's a lot to do, so let's dive right into it. Something that's really important on this in this course is trying to make it extremely hands on. It's kind of like a relaxed game poker with your friends, right? It's completely worthless unless all of a sudden, you know, you put five or $10. Even in all of a sudden, everyone started taking the game extremely seriously. So that's that's kind of what we're gonna try to do on this course a little bit. That really won't happen till about day five. But getting there. We want to make sure you're ready, and the whole time you're doing the course, I'm actually going to be sending out alerts. I'm gonna be making watch lists, all that good stuff. You could do the course alongside of, you know, learning exactly what I'm doing every day because everything I'm trading on my watch list, all my trades, everything's documented and you can see everything happening in real time. I'm really I'm fairly active. Trade about 44 times a week, maybe five times. This week's been a little bit more so it really depends. You know, if I'm traveling, if I'm not traveling from fully focused or you know my schedule a little bit. But the most important thing is just don't get overwhelmed. It's going to sound like a lot. We're actually we're going to cover a lot. But the longer you stick with something, the more it makes sense. I remember when I was first getting into trading along five years ago now I was a bit overwhelmed there. Is there somebody terms so many factors I didn't know, But after a while, you kind of start picking it out. If as long as you're kind of involved in something long enough you're gonna it's gonna start making sense at one point. The main focus of this course is that I want you to be fully self sufficient afterwards. So ideally aside, it is. It is. You shouldn't need me at one point, but it does help trading in a community just kind of feeding off everyone's ideas is so important. I always get good ideas from the chat room or some friends that I'm trading with you. Check this out. Check this pattern out or over here. You know, like wine. Where's your exes? Forming a perfect pattern. Like how come you're not looking at that? I'm like because, you know, there's so many things going on that sometimes you miss pattern. So do you. Just take your time, get involved in the community, start posting ideas once you kind of get the vibe a bit. And that's kind of what it's all about. So what to expect over the next five days? Yeah, they ones basically a short intraday. It's gonna be, uh, kind of reviewing all the five diet five days. We're also gonna review what the weird word ends low is who I am. What? My teaching crypto. We're gonna also a t end dive into, I think three or four exchanges that I often use the fees associated with them. And we're also gonna learn the difference between a maker and taker, which is quite important. All right. And day, too. We're going, Teoh. Let's see. Succeeding in crypto and mastery and changes. So Day Two's really important. We're gonna go over a lot of strategies. Andi rules specifically rules kind of how to kind of consistently be profitable and what to look for it. We're gonna have. I think there's five or seven rules I was forget. I kind of keep adding and kind of rewriting it, trying to make it nicer. But in concept, there's there's a few rules that are consistent depending on it. Doesn't really matter how you word it. So we're gonna review that. We're also going Teoh figure out how to do accounting. So that's already done in advance. Um, and documentation. We're gonna really die of heart corn documentation, which is, I think, one of the most important parts about trading Day three. We're going Teoh Date three is the trade. Of course, this is This is one of my favorite because it goes through all the chart patterns and there's just so much to learn from it, especially if your new if you're not new to trading, then I think a lot of this stuff might be repeat. But day Day three is really going to be how we apply kind of the patterns to crypto trading and all that fun stuff. We're also gonna review the trading screens that we use to kind of money for the different traits day for the crypto investor course. So as you can see on the top, there's the trader. And then there's the investor. I kind of separate the two because, um, you you shouldn't go into a day trade, you know, turning it into an investment. And you can't say the same about the investor. You have to have a longer term horizon or maybe to short swing trade, but it's kind of you want to separate the two entirely if if people start thinking, you know Oh, this this is this trades going by and I'm in a bad turn into investment. That's That's a salutary slope, to say the least. Anything else? Yeah, Day five, obviously. So Day five is going to be about getting started. Well, we'll see. We'll divide kind of give a portfolio allocation that I personally use. We're gonna review how to start your trading day so you know, you don't want to just get out of bed and start trading. That's extremely dangerous. I do sometimes, and it usually never ends. Good. Gotta have your breakfast first there. But the most important part is building a watch list. You want to go into your day with a watch list or else you're just You're going to see so many things that kind of and you're just gonna be running around like a squirrel? Know what? That, Um, also, by Day five, if you have joined our were filled out the application for the crypt ill apprentice program . So the cat program, you might already have a phone call scheduled with me or somebody on the team where we're going to review some important things and kind of your goals. And if you would be a good fit for the program, that's everything for now. And stay tuned for the next video where we're going to be diving in, Wait for it, who I am and what Enzo is. Judge out 2. Day1 part2: Hello, everyone. Alex Winkler here and welcome back to the crypto trading course. So in this part, we're going to cover who him, I and what is ends low. So I am the co founder and CFO of Edsel Inc. And I've been involved with online businesses since about 20 10. Yep, that's that's a year before I graduated high school. I studied finance at Pace University, which is right there by the Brooklyn Bridge on the tip of Manhattan. And I was a day trader the whole time. I also I was pretty focused on the company back then as well. So it is a mix of that the company and the mix of, you know, we got We're working on these products, bargaining all that stuff out. So it was quite a hectic time. I didn't sleep much plus than the school in the side, I guess is was part of it as well. It was kind of crazy. I was had a bunch of posters or no charts in my dorm was hanging all over the place. He could I don't know why you know my roommate to ask, but anyway, not important. Moving on. So now we're based out of Florida, and although I'm actually not quite often there, I travel quite extensively. For the last 2.5 years, I've been working fairly remotely, even last year, six months or no two years ago, six months of it. I bought a car in Poland with my friend and we were just traveling non stop the whole time . That would have been a really fun time that also be trading crypto and whatnot to make video lessons on the fly. But that was that was before this channel, so that's a bit unfortunate. Anyway, when I'm not trading, I love studying, pipe on and coating have a few little online projects that I like working on and playing instruments of the tires is my baby. I've been playing in since middle school before. Then piano bit and I picked up the violin. I'm not very good at it, but I can play the truth Game of Thrones, which is, uh, which makes me pretty happy. Anyway, my brother Hiko, who you guys might know from the South Florida fishing channel and I established, ends a link back in 2013. At that time, it was our primary focus on building software as a service. So SAS companies and running various marketing campaigns. I could show you two right now. I don't want to get too off topic, but the 1st 1 was about site training view tear. Oh, my God. I don't know how to spell anymore right here. To your club. Even say that, you know, I got the wrong video. Makes me nervous. I guess so. Hope so. Tear Tear Cloud is an evil marketing platform. It could always check that more out later on device offers, which is our longtime sweetheart, one of our first kind of big and successful online businesses. Which did I just say this? But it's an affiliate, NetWare, And this is where I'm kind of the CFO. I managed all the payouts. So if you have any questions with, you know, getting your affiliate account paid out or what not? This is, uh, yet contact me. I've actually interesting story about vice offers that I'll tell later and how it has a pretty deep correlation to crypto trading today. We also we also work pretty closely with a few other companies. Now we offer some consulting primarily for online companies since we've been doing it for so long. And that is one of the main things my brother actually focuses on and talks about a lot. So if you ever have a business idea or you're launching a new website or any of that fun stuff, definitely give us a call or, you know, write us. And we'd love to check it out and talk with you. Um, yeah. So next. This is This is me. This is my brother. This is at one of the affiliates summits. I believe this was an affiliate summit. Anyway, this is us kind of, you know, talking about vice offers. What? Not you could see he was wearing a vice offer shirt. Uh, pretty, pretty crazy events. So the crypto fund, how did that get started? That actually became an active part of ends low around late 2017. So, yeah, right now it's July 2018. So, almost a year ago, exactly on. And the reason we did this, the story I was mentioned talking about earlier is because ah, lot of our affiliates are living internationally, and it's sometimes tough to send money abroad. You could use Western union use wire, which is really expensive. Western Union's also extremely expensive. PayPal doesn't work in every country, so you're always kind of dealing with some issues. At one point, we were like, Why don't we just I don't remember how it started. I think we may be got a request board. But at one point we started offering out paying, paying the affiliates in Cryptocurrency, and at the time I was, you know, it was cool, but it was an accounting nightmare. So we're gonna cover that day to have to do accounting. But now I love it. I mean, paying out affiliates in Cryptocurrency is fast. It's easy. It's super cheap. Um, and, um, it's fun to because that's that's actually how I got back involved with trading because I had a buy and sell crypto to pay out every time. So that was a big part of it. So why do I teach crypto services? So after folks on business for so long and basically getting out of the market for years, I mean from going from like a full time day trader to living off the time of the market, Teoh know fully, folks saying on building SAS companies. Um, I guess like a part of me was a bit missing. So when I got back into crypto trading, it was it was It was so much fun. I fell in love with it all over again. And I was like, Why did I ever stop treating? So yeah, like it says here that point, my old passion came back to me and full floors. By 2017 I formed my own crypto group with in Berlin, where I was at the time where I still am right now. So, you know, just talking about all these fun crypt of things. What's hot? It's not, um, you know, good trades. And at the time, I was also debating about starting a crypto hedge fund, which I am still actively debating, so that is not off the table. But at the moment, I kind of want to learn more about the space, and that leads me to my next point. The best way to learn about something is by teaching something because it's not easy to talk about something you don't know. So so every time I run into one of those issues, I have to read about have to learn about it, and then I could finally share it. Actually, the next next point will cover is funny because it reviews about makers and takers and coming from a day trader that didn't exist. So at first I was super confused with that. Even What's so? That was one of those things that had alert. All right, we're gonna cover that next video. I don't want anything to take too long, so toe let judge out. 3. Day1 part3: Hello, everyone. Alex Winkel here, back with Day one of the crypto trading. Of course, in this section we're gonna be focusing on exchanges and what maker and take your fees are so exchanges can be used for day trading or investing. However, it is kind of common, I guess. Rule thumb to take your Cryptocurrency often exchange after you're done trading it. We're changing it for a different currency. That's because there are sometimes hackings or issues with exchanges. They have gotten a bit better, but you still hear about it almost every month. There is something somewhere, so it is better to be safe and take your crypto, often exchange over for treating. We leave our we use exchanges where you can use fiat. So we leave the Fiat on there and were never usually in a day trade longer than a day 24 hours. Sometimes it does go overnight, but that's about it, so we to dive right into it. We mainly use Jack's and bit for next because they are Fiat oriented, and it's nice because you can. When you're trading Fiat one, it's a bit more stable, So if you use a pair of Bitcoin. It becomes a little hectic because first you have to buy Bitcoin have to buy Fiat, and you're dealing with price swings and transferring money around. So I definitely enjoy using Jack's orbit for next. Where if the if the currency I'm trying Teoh by has a nice support level of $2. I can put my order in there without exchanging and around or anything like that. They're also there's also Dax and his next have lower fees and the volume is there, which is always nice. Coinbase or GDX? It's the same thing, a coin basis, kind of your user friendly front end. Jax is the exchange now. They change it to pro dot coyne base, so I haven't changed it here, but it's it's product coin base it 0% maker fees and 00.3% taker fees. And we only trade two decks, has a maker because of these fees. I have done a taker before to get out of position, and it's not always a bad idea, but ideally, we avoid that finances. Actually, I haven't mentioned it, but it's my my second favorite exchange. However, we usually use it for long positions and That's because of what I said earlier with First, you have to transfer over Bitcoin. I do not leg leaving my like making trades with Bitcoin and then leaving it in big point just because it fluctuates so much. And if I made a great trade all sudden, I'm holding Bitcoin for weaken. Bitcoin goes down. There goes my profits of that great trade, so I don't do that. I always convert back into Fiat, ideally at the end of every trade. That being said, finance has a lot of volume and it has the lowest fees. If you don't point, count the point base B, which is free to trade if your maker So that's awesome. And I'm about to review what the difference maker and taker is Bit. FedEx is great. It's not allowed in the States anymore. Unless you're in. I guess you could say an institution or you have the bigger account or you're approved before a certain time. I think the limit is 10,000 to create a new account, so you have to be able to fund your account with 10,000. They just don't take small users anymore. They might have changed that But that's how it was beginning of this year. 2018 on Been cracking, I used crack in. But I like cracking because you can transfer into Fiat. So it's It's kind of like bit Finex, but it's a bit more expensive. And, um, they're they're interface. Their exchange isn't my favorite asses. It's a bit glitchy and the volumes of light there. So So let's let's quickly review that. Actually, part of the course is setting up your account. So if you don't have any crypto exchange accounts yet and you don't even know what to do with your Fiat money and how to change it, do that before anything. If you I would recommend, especially in the States he's coined based. It's super easy, super simple to fund it. If you use my referral link, you get $10. I think I get $10.2 or something like that. I'm not really sure. Anyway, here all the links just to make it easy for you guys and, um, anything else I want out there before you move on. But they want definitely get the exchanges set up because sometimes it takes a week to get verified or I mean finance. You can create account overnight, but they don't have Fiat deposits, right? So you would first have to buy crypto somewhere. So you need an exchange, you can deposit your Fiat into. And Coin Base is one of those exchanges. Another one on cracking cracking also works very well, especially in Europe cracking deposit field. And that's that's actually why I originally used it because point based verification was taking so long. So definitely get verified. It does take, you know, sometimes one or two weeks it might be a bit faster now, but I remember during the bubble that happened, so many people were signing up and getting the crypto accounts that they just weren't improving people. It was taking weeks, months, no joke. So might as well get that started. Get that done with. Even if you never end up trading crypto, it's still nice toe have because well, that one day that you're gonna want to do it, you're not gonna want to deal with verifying it. Council before anything started rambling on about this. But get that done. That's like number one. Also, it never hurts to have multiple exchanges thes air for that I used, and it's always nice if one's having an issue on. This is kind of the Wild West, so there usually is some sort of issue. So what are maker and taker fees? It's actually fairly simple and easy. Way to think about that is, if I want to buy something. I have to let people know that in theory, right? So I would have to put in place my order. I want 10. Let's say Bitcoin, Um, where that might be a bit unreasonable. Now with the price I want. I want 10 light point, right? Let's say I want to like wine at $80 I placed that order Boom. That order appears on the order book. Now, anyone selling that can make a counter offer added to the order book or they execute my offer. And if they execute my offer, that takes from the order book. So my offer is no longer there. So that so now the order book is empty, right? And if you're taking from the order book, you're gonna pay that. Take her feet. That's the difference. So let me jump actually into an exchange right now. Uh, a little crazy. I'm actually in a trade right now, usually something I don't like doing what? I'm doing something else, but it's all a really nice position building up over here. Um so maybe that's why I'm a little distracted. Anyway, um, I have 100 like coin, usually a pretty average size. I don't have much money left Sofia, USD or Euro, this case USD. But here's the word book. And let's say I wanted to make a by my remaining amount so I could either click click one of these amounts or type of my own amount. And let's say I want to buy, you know, for four more like point so I can place on order here. And if I say post on Lee, it means this will only get executed if somebody is taking it off the off the order book. If I allow as a taker, um, it basically means if it gets low enough, it will execute, and I would pay the few. So I only do post on Lee. So if let's just maybe a little safer, because I don't buy anything right now. Boom. I place this order and now it is on the border, but you could see my my order to buy four like coin had 80 to 90 cents, $82.90. So that would if if that order gets executed, I would be a maker, and I wouldn't pay anything. However, if let's say, uh, I'm like, I know that the price is going down, I want to get out no matter what. For example, I could sell here at this amounts on my like coin place, order boom will sell at market order. So it'll sell into whoever is buying. And since I'm taking all these orders from the order book, I'm paying for that. That's that's my feet. In theory, I guess it makes sense if you wanna have a fat order book. But this is this is virtually unheard of in, uh, in equity. Unless I'm mistaking and I've never found it. Please let me know if I'm wrong. I might be, but I've never seen it before. I guess it is kind of cool, but it kind of traits My changes training style just a little bit because I try to avoid that feat. In the end of the day. $10,000 can cannot upright. Uh, let's just say I'm the fee for right. It's 10,000 right? My trip feet, and now I'm doing no. 3% eyes the CI of GDX. If I'm makers or Coinbase, that's $30 I'll be paying to get executed. That's that's not something I want to be doing. So instead, I'm just gonna put my order here and wait till someone else executes it. Obviously, you're the problem with that is, some of the price has to go down to get executed. And if you're trying to sell, the price has to go up to get executed. So sometimes you get stuck in your positions, and that's why you'll notice I I'm usually looking for bigger swings, right, because you wanna be able to grab the meat of the trade. You won't be able to safely get in, and you won't be able to sell when the price is going up. You want to be able to buy a little bit on a dip or something, but we'll go into that day. I think I believe. Anyway, if you want to see how this straight ended up, uh, it's actually quite cool since I do document everything. You just go. Since this is a day trade, you can go to day trades. Andi, you'll see right here that I list all my trades. So this this isn't it. This is when I met this morning, kind of depressing way to start off the week. But it will be trade number 86. So if you ever want to find that it's gonna be Trade 86. I'm also long right now with the zero X. Um so, yeah, everything is out here. You can see everything, for example, like, let's let's click on this straight. You can see that everything is documented. Opening comments, final review We'll have pictures, all that fun stuff. So that's that's what I'm doing the whole time. That's what I'm posting in the chat room. I talk about these trades. I'm talking about what? I'm getting into it. I post lessons about it in the mornings. I was opposed. Watch list? Um, yeah, it looks like everything. Alright, guys, I hope you enjoyed a one. Definitely. Get on the exchanges, make your accounts. And when you're done with all that, let's dive into Day two. Alright, guys, Until next time 4. Day2 part1 edited: Hello, everyone, and welcome to Day two of the Crypto Trading course. My name's Alex Winkler. And today we're going to review what it takes to succeed in trading crypto, and we're also gonna review what it means to be accountable, which really just is the importance of documentation. Here's one of these quotes. I really like. What gets measured, gets managed, and the reason I like that is because it's it's It's so important that whatever you're doing something that you kind of have documentation to show the progress. Even if it's a simple, you know, analytics campaign for running traffic to a website. Or if it's, you know, fitness and you're going to the gym, you want a measure of your progress. If you're not measuring your progress, you won't know what's working what's not working, and you kind of get stuck. So that's that's what we're gonna review today how to do all that again. You have a single best way to guarantee success is being accountable. So in the upcoming days you're going to notice our obsession with that. Um, it doesn't just help you with trading from entry and exit points, but it also gives you a chance to review everything you do and that that is really the importance, because over time you can always look back and you always learn from it. If you're not keeping track of your progress and trades, you're gonna start deviating from your strategy and your plan, and it's gonna get pretty messy. So therefore, in this chapter, we're going Teoh also be diving into building an Excel spreadsheet in to document all your trades and undated through day three and four year and actually see a lot of that live. But for now, we're gonna make sure that everything set up. So once we get to the trading, you're gonna be ready for it and you're gonna have your your double sheets ready to go. We're also gonna review some things that will make a coming taxis in a bit easier for you. So to measure the gains and losses, we use a coin tracking dot info have used this, like right here you get 10% off. I'm not sure what I get. I think it's also like 10 $15 or something like that. Anyway, this site is pretty cool. So I guess one of the benefits of using this site is that you you can see all your oversight everything right away, kind of your account balance. Um, where you're willing coins are. They have a pretty nice section where you can see your gains or losses I used to use is quite extensively, but now I mainly use it just for accounting purposes. So everything, maybe one or two weeks I go in, I update the coin tracking. And just so come tax time. I have everything we need for the company because we do use krypto power affiliates, and there's there's a lot of documentation on that, so that's great. But it's also nice if you have many different kept accounts or exchanges. You could kind of see where everything's going, what your overall balances, because you're really, really nice overview, and I think that's really important. So I said here will, constantly referring to this site throughout post trade strategies and houses, we've actually, or I've actually wondered over to using my Google sheet a lot more. I really use a coin tracking info in the back end, and that's something I used to use a lot, and I do it more for accounting purposes. I also have two accounts on contract, not info. One for the trading fund and one for the investment fund. They're a bit different, and I like to separate him. Also, one is personal and one is part of the company so completely different for now. For you guys having one account there is completely fine. It's it's completely free to use up to. I think it's like 100 or or something like that trades. It's I mean plenty fine for anyone getting started, so definitely check that out. Uh, next, we're gonna dive right into learning the rules. So every trader and or investor needs some sort of guidelines, or you're just gonna get overwhelmed by all the different choices out there. Even just the different time frames on a chart will make you come up with 1000 different ideas. Eso it can get very dangerous, and you can start over trading pretty easily. Just just because you have different charts, sizes or too much stuff, we're going to dive into that. So, yeah, here's another example. I've always been pretty weary of people strategies who have more than one or two things in a chart. So when you see a chart with three plus indicators, that person probably is a bit confused on what's going on because each indicator is showing a completely different kind of entry and exit points. Right? Your artist, I I don't even really want name because I had, You know, it's it's nice to know, but we're not gonna be using them all in this course. But what indicator might be saying by the other one, You know, depending on the trend, could be a good time. Teoh Cell So for us, it's all about price and volume. So in the end of day, price is always the best indicator on Day three were really, really heavily into why and how to read the charts based on price on Lee, Everything else is just a derivative of price. If you can read price, you don't need all the indicators. Let's define our strategy. What? How are we trading these thes currencies? So we're looking for momentum place. We're trying to right the action, and these were placed. We could just do over and over again. Chart patterns exist for a reason, and it's because you see in time and time again, and that's why we're trading. That also doesn't mean that if you see one chart pattern, it's gonna happen again, right? It's more of a probability game, right? If everyone sees this happening or see this pattern, then there's a higher chance it might happen. Or it kind of sets the stage for an event to happen. But nothing's guaranteed. Nothing's inexact science. So that's why we have these rules to know how to play any of these scenarios, right? So, as I said, that does not guarantee anything. What it does allow it is to open a position based on high probability and good for schoolwork, something if something does not go right away. Go right your way, cut your losses and look for the next best set up. It's that simple. There's nothing wrong with loss. Best traders out there only went about 7% of the time, and you could even be profitable with a 50% winner loss ratio if you're good at cutting their losses. So that's really what it's all about. I'm sticking to rules and that's why cutting losses is going is our number one rule. What you'll see in a second. So for day trading, I'm usually looking for blaze under 24 hours usually be buying on large dips. Oh, we're all average out or al average in before a break out from Cuba's is level. And, uh, and or consolidations such a za stare of separate pattern right? And I'm always looking for a solid 123 risk ratio. And what that means is, if you know where's the support line, How much can the price go down potentially right before it, you know, goes up? How far can it go up? So I want kind of a good ratio where I think there's a bit of a safety net. I mean, obviously, support levels don't always hold true, but if you could kind of always have a solid a risk reward, you're gonna be have a lot more wiggle room in your trade. It's gonna be a lot more comfortable, so diving right into the rules. The 1st 1 again is cutting your losses quickly. Don't let a small mistake ruin the whole entire week. I honestly can't emphasize that enough Have playing examples how that happened, and that's that's just number one. We'll leave it at that for now. So, uh, the second rule is all your initial strategy. Don't let anyone trade turn into investment, right? That's not putting your last quickly or kind of Well, maybe this trade will turn into this or I don't really know what's happening anymore. But I'm gonna hold and, you know, maybe you'll turn out. If you're getting into a situation where you don't really know what the price is doing anymore, just get out. You're playing with fire at that point, eso remember, Three. We're looking for assault risk reward ratios. 123 Number four, We want clean entry points. So this might be kind of hard to visualize right now, but on day three, we're gonna review a lot of charts and we're looking for, you know, clean chart patterns that we see over and over again. If there's something just kind of going up and down and, you know, circles, people we don't want all that way, we're playing a guessing game on, you know, scalping. It's very dangerous. We want we want to be trading patterns that we know and that we know are profitable again and again. That kind of leads me. Didn't my next rule on And this is avoid scalping, especially if you're new? I scalp. I think everyone scalps from time to time. It's like a really bad habit that you can quickly get into, but on average, you're You know you might win some here in there, and it can't feel good because it's quick cash. But it's it's kind of distracting. It's super time consuming and one mistake and wipe out all your other scalps. So just on average, not the best idea, and the rule number six might be a little pre shape. But don't break the rules. It it will happen where you don't cut a loss quick enough or you end up kind of getting into a top position. Or the risk award is maybe 12 or even worse, just you know, No, you're breaking it. And if you really, really want to get into it, then at least use a small position size where if the loss happened, it wouldn't really argue. It needs to be able to get out, but reframed them from that as much as you can. So the best thing you can do is honestly print these rules out. Make him your desktop background. Write him on a sticky note. Put him somewhere on your desk. Actually, have my rules written out right here. They're they're the exact same ones. But I like to review him sometimes. Especially when you know, I wake up really early in the morning and I'm seeing some really good trades. And I'm like, Wait, hold on. I'm just gonna I'm over trading right now. I haven't made my watch list yet. This is crazy. That's one problem with crypto is the markets are always open. At least when I was in equity straighter. You know, I have till 99 30 to relax a little bit and kind of eat breakfast. But crypto, you're just like crazy. If you repeat these every day before going to bed on the first thing in the morning, I won't judge you all the more power to you being really true to your rules. And your strategy is so important as a traitor, and you'll definitely learn that over time. It's also good to write these on a cool dog as I mentioned before. Or a piece of paper. We're actually added them to Excel sheet that we're gonna go through later. So you already have right there and you can always act your rules, maybe make a sexual separate section called Lessons. Kind of constantly be writing down what you learn, and it's really important to kind of kind of grow. And and that's that's really where the rules coming gives you a framework to grow off. So what's what's the importance to sticking to these rules, right? Why don't we just get right into it? Well, trading without rules and strategies is like playing chess, but all of you have ever known is playing checkers. You're going to see a lot of cool pieces. You're gonna want to touch all of them. And before you know it, all your pieces are gone. You're gonna be upset, confused, probably pissed off at the other player. Think everything's raped and you ever going on play chess again. And that's pretty upsetting because trust is awesome and you're gonna miss it the rest of your life because that left a bad taste in your mouth. So you're gonna think chest or the market is not for you. When reality you just kind of jumped into it a bit too quickly. You also never want to trade when you're sick, stressed, tired, drunk, hungover you name it. If you're dealing with real money here and you want to be in your best mental state, it's possible or you will lose money. Last month is actually pretty good example. I was almost all those things. Well, I was stressed. I was gonna yet that's I wasn't drunk or hungover all the time. I was traveling a lot when I was visiting a lot of family and friends and you know how that gets. But overall I was a bit stressed. Was moving. Company was doing like 1000 things. I was working on projects. I was building up this site and then, you know, on the side I was trading. But mine was always somewhere else. And you could see with my traits I basically broke, even which which, thankfully but yeah, kind of waste. And that was really because I was in the right mental state. So I'm not perfect. Let's see, I don't stick to my rules all the time, especially when it comes to scalping. That's probably my worst, worst problem, so I always like my chapter. No, I'm going into scalp. Also, you smaller positions for a scalp. But luckily with my schedule and most people schedules, it doesn't really allow time for scalping. I know most people that our new to crypto our new trading Well, tell me like Alex, I don't have time for it. You know, I wish I could dedicate a whole day to it. Well, the beautiful thing is, you don't have to dedicate all time to it. If you just wake up in the morning, make your watch list, set some limit orders on some place that you're really excited about. That's all you need to do those areas, usually my biggest gains where I'm really kind of looking at the bigger picture. So it's it's pretty amazing over trading and scalping really won't move forward. Also on equities is kind of funny, because scalping extremely difficult, especially if you're over trading it, especially if your account is under $25,000. Because you're not even allowed to make over three round trip trades in five business days . This is equities, not crypto. So talk about preventing you from trading crypto does not have that so crypto requires a lot more self discipline and crypto you just go in exchange. Once you're verified, one to approve, you could make all the trade Do you want in that day? Besides the fees, I'm just really nothing stopping you would say we are all different. This is a good point. We're all different as a trader on you will become better over time, you're gonna be able to customize rules. You're gonna figure out, really Your style reports for you. If you're new, kind of refrain from tryingto make up your own style too quickly. What I'm doing is proven it's consistently made me returns and it should work for you to Nothing's guaranteed, of course, But over time you're gonna specifically notice what patterns your best, that trading. And that's that's really the most important part. And then you could take more risk on exploring those opportunities and kind of leveraging that I've learned from several traders and I've been part of several chat rooms and everyone has a different style. So some people are great at shorting, let's say, but some sucker buying breakouts and some of the exact opposite. So you really learn a lot about yourself when as a trader and an investor and you're gonna find you're gonna figure out your favorite setups and really kind of what your style excels it that's gonna It's gonna be pretty fun learning experience. But, you know, be careful not to take too much risk before building up a soul foundation of experience bears. You might have a small account and think, you know, it's not worth it. Just, you know, use half of my size right now. But think about it like this. You might make a small gain it within small account size, but you're also could make small losses. And if you're new to trading, you're gonna probably make a lot more mistakes efforts. So there's nothing wrong about a small game, and there's definitely nothing wrong with a small loss, so keep it simple. Wait till you've kind of figure out what works for you. And then, as you kind of feel more comfortable, increase your position size graduate. Let's see where we a ZANU trader, really, As a trader, always even, you know, 10 20 years in. I know people that do even more studying than I do, right, so you want to focus on learning always before anything else you know, through small trading, trading good place on Lee, watching video lessons, studying chart patterns, always reviewing your past grades. It's just constantly reviewing its like anything you do, you know anything you want to get better. Just the more you do it, the better you get and learning from your mistakes and and your winds do right, that's that's where the documentation comes in. Also, this This happens to me a lot to sometimes you might feel like you're not trading enough, because sometimes the rules are preventing some of your entries because, you know, maybe it's to chopping. You shouldn't trade you like I should trade because you get better. It's actually a good thing not to trade. Sometimes the best trade you'll ever make are the ones you don't take right, because there are such things as losing money in a day or week or month. So you you don't you don't want that ever to happen. It's really dangerous, especially after you make, like, maybe 10 good trades in a row. You get more risky, and then there's a lot more chance for a mistake. So you want to kind of be consistent. You don't get into any bad trades because you're gonna break all your rules. And that used only part of that. Actually, there's a really good example Trade here. This is when I first started documenting and right away I had a horrible trade. I was 20% down before I cut my losses. This actually could have been a profitable trade. Um, I should have got out. It was looking messy. Since it was an investment trade, I figured I would hold it for a bit. Anyway, I don't really sick to my rules. I should have caught cut it when it was about, you know, 2345%. But I just kept holding. Before I knew this price, this this coin was still in freefall. I eventually cut my losses, which was good because it fell even further. Eventually it did rebound. But you never know how far it's gonna go, and you don't want let that happen to you. So move on. Forget depressed. It's always here for everything is fully documented. So just go to this course Day two and you'll see the link right here. So one way to stick to the rules is by documenting each and every trade before, during after, right. So sometimes you may hurry into an entry and want to get in and skip the documentation. But I'll tell you now that it's almost always better just documented ahead of time or at least doing it while what's happening. I admit I'm not perfect, either, and sometimes I get into an entry before I documented. So you know, it's, ah, tired, really always sticking to it. Also, I'm creating alerts and posting in the chapter room, sitting a push notification. So there's like a lot going on on. Sometimes I do my documentation. After all, that's because I want to get the word out right away. Either way, diving right into a trade without, you know, thinking twice about it is usually not to the next section. We're gonna dive right into how to document all your trades and how it's helped me stay tuned for that, and I'll see you guys there, Judge 5. Day2 part2 edited: Hello, everyone. And welcome back to the second part of Day two of the crypto trading course in this section . We're going to review how to use the trading journal to document all your traits, and we're just kind, a brief overview of the different sections in it and how you can use it to improve your trading. It lets you review all of your trades at the end of the day. The month year, you know, nice little weekly recap. It's perfect. You also kind of see the your strategy ahead of the time, your mindset. And you can have closing comments so you can kind of learn with every trade from the beginning until the end. And that way you're going to become such a better trader than just logging in and, you know, making some trades and then being like, Well, I think I made you know, X amount of dollars today by having everything documented. You not just learned from your notes, but you also learn from the statistics because the training journalist going to show you, you know, your average is your average winds. Your average losses kind of your chart over time. So you're gonna get a much better idea of how you're turning is evolving, and you're gonna see some things that kind of show your strengths and weaknesses, and that's that's the importance. So this will exponentially improve your learning curve and allow you to become a better trader much quicker. The Google sheet that I made while I was training for a while this earlier this year in 2018 I put it all together, and then I put it on trade journal dot co. Just kind of an easy page to remember where I have it. So if you just go here, uh, should open, you can get access to the pool sheet right here. And this is kind of Oh, the trading strategies here Well, as well for the trader kind of what the difference between trader and investors and then you're going to have. It's all looks kind of a lot right now, but this is kind of where you enter your trades and your investments, and at the end it's gonna build you a super nice chart like this. Over time, you're going to have a red chart or a red line for your trader and a Orange Line for your investor trades, and the Green line is the sum of both. Um, there's also an average in section where you can let's say, if you buy a a coin or token at this is probably like coin put at 95 right? 62 then you average down ast. The price went down and another point here, an entry here. You can see your total is 60 coins and this is your average price. So this is kind of like a handy little average in calculator. The trader, this is This is the screen where you enter all your trades. So the first column you have a day. So the day you made the trade, this is the trade number the symbol would actually do now is I just leave it LTC because I'm always converting in USD at the end. Even if I did, you know, bought going to buy the currency. This this is something looks tricky, but basically, if the trades done, this becomes a slash or a dash. I'm not really sure which one it is. Maybe neither. Anyway, if it's if it's straight still open, it's a one you can see at the top, it changes the percentage that way. Basically, if it's a one, it does not calculated yet. Right? So this trade does not exist. Get fits one. Um so here you have your your size. Your amount of coins you have. This is open, first of all, so first we're looking at this line only. Let's say so. This is This is your target. This is your your ideal trade your strategy. Right. So this is your entry potentially your ideal entry or the one you your first position size . This is your theory. Stop loss. So these are automatically calculated This your stop loss percentage and your stop loss physical are your profit and loss your actual profit and loss from this one on then this is the cell amount. Your ideals exit. Right. So you put whatever you want here, these two are automatically calculated just like here. Your percent gain and your percent win and then your actual game. And then here is a little description you can add. You could say maybe I wanted to break out from the I don't know, 91 support level or something like that are resistance level um cool. So then you remember why you went into the trade? And then you see your whole forecast port and then down here in the second line. So once this trade is done, you'll see how these have a dash. Basically, it means that the trade is done. This is your actual line. So this is what really happened here. You put the full amount maybe you averaged in like I showed on this page. Eso you could put the amounts that you see right here on this page. Maybe it's 60 and this is 90 something else on. This is so Onley. Enter here. If you made a loss and only enter here if it's gain so you'll see these are two examples above this was a loss, right? So you enter your you're lost year. These are automatically calculated and then you can description for your loss here yet games. He entered it here and there's a description. If you win, you put a one. If you lose, you put a zero. That way your statistics will be calculated. There are three things you have to do manually. One is you have to calculate your profits so you can see here and four plus J seven and four plus J seven gives me 117. So let's say this'll one is a it went a winner, right? So let's say we could the ideal trade and it looks like this. So So what do we do? We now have not We press enter here and we add this trade to it. Boom! It's that easy how you see your new profit since this was a win or not, the straits done. We make this a We take that away because it's done. We also added one here we don't do anything with the average loss, but the average game we go here, we put a comma and we add the new amount which is down here. I have to go to it. Boom! So now we have a new average wind, which is the combination of this and this one. So yeah, that's how that's how we record everything. And then at the end, you come over here and you put you know, let's say you had one trade today. This was your This was your loss or profit and then everything gets calculated. So That's how you kind of stay up to date, and at the end you'll start forming your chart. And over time, these that's are really helpful because you'll see maybe that you're you're winning. Percentage is kind of maybe, let's say low, and you notice that your average wind might be also really low, which probably means you're scalping too much. All right, so you could kind of learned from your statistics or maybe your average losses to look too big, which means you're not cutting your losses quick enough. So you could kind of learn very quickly from your stats over time. What you're doing right, what you're doing wrong. And that's why it's so helpful to have let me just bring all this back to normal. That's probably right. I'll take that later. So you guys have the right thing and the investor is the exact same. So there's nothing really new to review here. It Zack, same as the trader. The only difference is when you actually enter this information, you want to enter it in the second column or the second Orange calm, because that way you're in your chart, your orange line will be counted for investor and your red line will be calculated for your trader. And then the Green Line, like we said before, is the sum of both. And you also have the number of trades. So down here at the bottom, you'll see that there's two blues, basically, that that is how many trades I made that day. And if you come over here, you can see that there's a one here and one here. So what Trade made on the 1st 1 treatment on third? That's all that is. But it also again, every statistic is supposed to have a point. So if you see kind of a huge spike in traits, but not much happening here probably means you're over trading. So over time you're gonna learn how to read that. And in my weekly reviews, I always review my chart so we can all learn from it. I just realized that there was one thing I forgot to mention. So if you come so let's say now that you've finished your trade, your day trade number three on your now you're probably wondering, where do I under my next drink? So it's very simple. I just copy it I skip a line, I added down here, and I changed the date to whatever the new date is out of four here. I always like to completely remove everything that is unnecessary like this. That way I have a fresh, clean start. I know what's going on. And then when I get into my next trade, you could even remove this one. So the next straight I would fill out from scratch. So let's say you know about Bitcoin on. And then here is my projection one Bitcoin and then the price, Whatever. That is my forecast. So let's say not even sure what it would speak when it just went over 8000. I believe it's at 8200. I think I'm going to go in a to 8200. That's my ideal strategy. However, if it goes down, I want to get out at 1 15 8150. Let's say and my ideal exit is 8400 you can also see here. This is a nice ratio so you can see it's right if I follow this strategy and I believe that perfect set up is, I'm not sure what the chart pattern would look like. I don't know. Maybe you're waiting for a break out. So here you can see that there's a 6%. There's a 60.6% downside based on your kind of forecast and a 2.4% upside. That's pretty good. That's much better than 123 Right? So this is this is what you want to happen that 123 or better issue. So what I mean by 13 is Let's say this was a bit worse. You were a bit work. I know a little risky. And you have 100 here. You can see that this is worse than one of three, right? Because, um, if you times this by two, it's going to equal this percentage over here. So you want basically whatever it over here is three times this amount, and that's a good 1 to 3 risk ratio. So that's that's kind of what I'm referring Teoh. Yep. Just wanted to mention those two things Risk award and, um, and how to make a new line here. That's everything For now. I hope you guys found it really helpful. If you have any questions. Just leave a comment below the super happy Teoh. Get back to you and I'll let you know if any changes are made to the chart. For now, that's everything. And I think we have one more lesson today on. Then we'll be moving on to date. Three awesome guys, Joe. 6. Day2 Part3 edited: Hey, guys. And welcome back today. Yeah, Day two of the crypto trading course. This is the last section I know were discovered alive. I'm a little tired, too, but we just got to get the energy to finish it up is already a bunch of cool information about the new rules now. And we got the new Google sheets so this last part will kind of put your foundation altogether. So let's dive right into it when trading. It's extremely easy to get distracted and kind of get overwhelming of different indicators . You have no over 1500 different currencies to choose from. You have different time frames and you might see you know, one indicator saying by and then you have a different time screen telling you like, Oh, this looks a little down. How do we put all together? Well, there's one really simple way that we do it first. We don't use any indicators. We use only price volume that is gonna clean up your trading view screen and charts very, very nicely. I'll show you that in a second. In treating view, the second way is we use a larger timeframe and a smaller time frame. So let's say when we're screening for different stocks will probably start off on the hourly time frame, and then we'll dig deeper to see if there is some nice reversals or some good entry points lining up. Another time we used to timeframes is when we're actually trading and we have one chart showing, let's say, 15 minutes and the other chart, usually inside an exchange like Jude Axe or Finex will have a one minute chart. So we're really watching the price action pretty closely. But then we kind of have a trend, that larger timeframe trend on the left or wherever it is. I'm usually only on the laptops, always switching between screens. Hot keys are amazing. Where was Yeah, so there's yet to of time frames, and we want to keep it really, really simple, right? Everything is about keeping it simple because it's not simple, it's stressful, and nobody likes to be stressed out. So there is three main reasons. I love training you, and I'm sure these three reasons are three reasons everyone must training you. First. You see charts from multiple exchanges. What is that mean? So where I should say you see currencies for multiple changes. What does that mean? So let's say I'm buying Bitcoin, right? If I'm buying Bitcoin on GDX, it's gonna be a different price, and it is almost a cracking because completely it's not. It's not like currencies where you're buying or equities were buying a stock and there is right that stock is listed on the NASDAQ exchange and you have. All these little brokers are not little. But you have all these brokers like TD Ameritrade or Oh my God, the interactive brokers. The list goes on. It doesn't it doesn't matter. Charles Charles Schwab. So these are all just kind of brokers, but they're all using the same exchange. What's different year is like Imagine this stock is traded on a bunch of different exchanges and it doesn't have the same price. That's kind of what Cryptocurrency is that the price is whatever the exchanges. So with trading view, it's really cool because you can get the exact price from that exchange on DSO. Also, you're treating view is gonna be the same as whatever exchanger treating. That's one thing. Second thing, you have a bunch of cryptocurrencies in there already with training view, which sometimes it's kind of hard to find nice charts for the point Number two is you have a coin token screener, which is insanely customizable and useful. We keep it pretty simple again. Like always, I like to use the top gainers and find building. I watch the stuff that and a five we're gonna be diving deep into how to build a watch list . So don't worry about that now. Anyway. It's all in training of you. It's amazing. It has a lot of fun stuff. Point number three is you have the ability to view coin toking pairing, and Fiat does a lot for me for some reason. What does that mean? So a lot of Cryptocurrencies are actually paired with another Cryptocurrency. So if I want to buy organ trail, which is when I'm looking at a lot right now, I have to buy big point, right? And then I buy that coin. In Bitcoin and Aundre view, you have a lot of these prices or a lot of these coins paired with Bitcoin, which to me is a bit stressful. I kind of lose grap grasp of reality when it comes to big point because it's Ah, it's a bit harder to kind of make it tangible price on that and then you have big win fluctuating like crazy on it's. It's kind of hard to kind of figure out where the prices So what I like to do and the reason I love trading view is they usually have that currency there in USD or in euro or your favorite Fiat, which is to be amazing because I know euro and USD are absolutely not stable when you zoom in to the chart and but compared Bitcoin, it's basically flat line and I do. I like pairing things against Fiat much more so. Trading view does all these things. It's pretty amazing. I'm trading new right now. Well, I'm in a long term position, but you and this kind of trading view looks like we'll review this a lot more in the upcoming days. But here you can kind of select your different time frames. You can build a watch list. I quite I have an extensive one that I review every morning to build my actual watches that I post in on the side and send you guys out alerts. So yet you could change your time frame. You could use all these funds studies. There's there's loads of videos on Google and YouTube. I'm probably not gonna make any videos on how to use trading view. Most of it is common sense, and there's so much documentation on it already. I'm gonna focus on trading and what I'm good at, but anyway, just know this is this is the site looking to be using and hopefully now building a trendline. And the screeners down here, you can select there, and I'm probably ready on top gainers, but yeah, you could just scroll through the top gainers, and these are usually the ones we're gonna be day trading. So that's all I want to review for now with trading view. Just know we're gonna be using it already. Check it out, maybe get comfortable with it a little bit. We're gonna be diving a lot more into what we use on it and how we paired up with trading or with the exchanges to make it really beneficial to us. All right, guys, congratulations. You finished a three day to day through tomorrow. I hope everything was super helpful. Leave any questions? Comments below. Yeah, that's everything for now. Enjoy and see you guys tomorrow. But by 7. Day3 Part1 edited: Hello, everyone, and welcome to Day Three of the crypto trading course Today is one of my fair. It's the day trading course, and we're gonna be reviewing. This is the intro video. We're going to be kind of reviewing some of the benefits, some of the indicators and this this course is also or this day is pretty helpful to because it doesn't just relate to day trading, but it will be using a lot of the same patterns. So this this also applies today for the investor course. So it's kind of cool. It's a lot of friends. It should be really helpful to anyone getting started. And even if you have some experience, it's always good to review and see what other people are doing. So with that in mind, let's get started. So why do I like day trading to me? It's great because if the market's going down or if the markets going up, you can profit, and that's that's exciting in itself. Actually, some of the best days trading is when there is a massive swing to the downside, because if something's falling X percent 10 2030% then usually there's a nice rebound, and that's really fun to day trade. However, it is super dangerous, and you've probably heard the expression of catching a falling knife. And that's because it's a real thing. If if a price tanks you know 10% there's no reason it shouldn't take. You have to have the price of the currency or 2030. There's there's no bottom. Sometimes when a prices falling. Eso you really want to be careful with that? It might happen to you a few times, but eventually a listen or you'll kind of learn on your own. So it's it's something that might happen to everybody. But I'm here now, telling you. Don't try to guess bottom when the market is tanking, it is dangerous. We're going to review this actually strategy below. I called the waterfall strategy because it kind of looks like a waterfall. So, yeah, we'll do that. And another favorite strategy of mine we're gonna review today are breakouts. So these these are fun because this is kind of when there is a ceiling and the price kind of every time. You know, let's say the price hasn't got past five for a few months. $5 every time it gets to that price level, kind of bounces, hits it and bounces right back down. And then maybe a few days later tries again. Or if he zoom in a bit more, it happens. You know, every 15 minutes or something, it depends on your time frame or with the currency is doing anyway. You see this over and over again, and then when it finally does break that that resistance level, the price sometimes really shoots. And this is all often resulting because of a short squeeze, which basically is when too many short sellers or people betting against the market so hoping the price goes down, get caught on the wrong side of the trade. And they have to buy to cover their positions. If you don't know what short selling is, do it quick people. I'm sure there's a bunch of people explain what it is. We won't be doing too much of that in here. Maybe eventually I'll do a bit more margin trading with maybe a bit. Finex. But I know Jax one of the changes I used most, like we talked about day two. That's not an option, so I can't do it. Unfortunately, breakout pattern, which we're gonna review below, is one of my favorite bread and butter place. So it's something I do over and over again, and I'm always looking for that set up. Here's a quick little video if you want to watch it. Just reviewing this is a video lesson of a few weeks ago where I'm just kind of reviewing some traits and how I profited in the market that was going down. There's actually quite a few videos scattered in this day, so if you guys want to check any of them out, just, uh goto crypto dot low dot com, Losing my voice on, then just go into community course Day three and you'll see them all so important. Part about day trading is you wonder your indicators we are only gonna be using to like we talked about in Day two. But basically we're gonna be using Price and William, and that's it. And we're gonna be looking for patterns using that, Um, that see, it's also lets your charts be very clean so you don't have a bunch of kind of noise yet don't have a bunch of different indicators telling you when to buy and sell, because you get very cluttered very easily and you don't you don't really want all that. It's nice to know how to read an indicator, and there is some value to that. I have really nothing against people or indicators in general. I just don't use them for one day trading. So the price eyes in a nutshell. The cost of the coin or token you want to trade in the end What everything boils down to right. So if if every other indicator out there is just a derivative, it's kind of equation based on the price. So if you could learn how to read price, you definitely have an edge. And I don't believe it's necessarily harder. If anything, the kind of reduces the amount of stuff you're looking for and maybe some of the stress as somebody coming to the market. Because if you go Teoh, even if you go to your treating view that we talked about yesterday, you could go under here and you can find, you know, 1000 indicators, and I probably shouldn't even be showing you guys this because this this could get really overwhelming and you know, you throw 10 of these on your chart and you're not gonna know what line would signal to follow anymore. So that's why we avoid all those indicators. The second thing we're gonna be looking for is volume. So the more volume, the better means bunch People are looking at the point or what's called currency. And sometimes you'll see, you know, currencies basically flatlining with volume, and you could see that here at the bottom this is the volume bars. So you could see here No, no activity, no no activity. And then finally a huge volumes spike. Bunch of people are looking at it. I'm not sure what happened with stellar. Oh, they had a partnership deal somewhere. E couldn't even really recall. I wasn't following this one too closely, But they did have some sort of partnership deal with. I believe IBM. And so, you know, they're getting a lot of press. People were checking him out, so that really makes a coin move. Another reason volume is so important is because this actually almost happened today. I was looking at the gainers for the making a watch list, and I put this one on my watch list didn't even realize what the volume was, but anyway, it came out to about $20,000 worth being traded today. That was their average volume, which is kind of ridiculous because, you know, sometimes we want to trade with between three and $10,000 however much we want to build up our position. So if if that was the case, we would be up to 50% of that daily bowling, that's that's insane. And that can happen sometimes with these cryptocurrencies because volume so small. You know, some of these clients known no one trades, so you have to watch out for that because if you're the majority or even 10% that's already way too much of a coin than you have such a big influence on the price. And not just that. Maybe that's great if you're really wanting to invest into that into the long basically into the sunset. But if you're looking at day traded and you're you're contributing that much to the volume , the the second the price goes against you and you're gonna try to get out that it's gonna be really, really tough, and you might get stuck with some pretty big losses. So we want to look for, you know, a good price, something in our price range that will review later and, uh and then to we want to look for something that has good volume. So basically, volumes increasing. There's a lot of news that means it's gonna be heavily traded and that the volume, regardless if it's up, is enough volume to be so. I think that's enough for now. We're gonna be doing video lesson or the next next video in the second year. So review all that. Maybe check out this video if you want, and in the next section we're going. Teoh, start with the chart patterns, so I will see you guys there, judge out for now. 8. Day3 part2 edited: Hello, everyone. And welcome back to day three of the crypto trading course. My name is Alex Mangler. And in this section, we're gonna be reviewing truck patterns. So to get started, something you're gonna be hearing over and over again in crypto and well, trading in general, especially day trading or investing is support and resistance levels. It's pretty easy to conceptualize. Basically, if there's enough people that believe a price will go, let's say $5 because in the past it's always bounced off that, then that might be a good place. Put in your limit. Order Teoh by by the currency that price in those levels on the same computer reverse for said, If If you know if there's a ceiling and the prices and get past five levels, that's a resistance level. So how do you know where these levels are? Basically, if something bounces off a level multiple times, that's one indicator. Those are usually called double bottoms, double tops, triple tops, triple bottoms and so on. Andi usually want to be looking for that, starting on a daily chart for acting against that second, another way, you find these levels is there. They're typically you know, all time lows or all time highs. So let's say we have a nice break out from, Let's say, the $5 level again. So you know there's a resistance level, and over time that price constantly just gets stripped away, and eventually there is no sellers left, and the price runs through that level, right? So that level now becomes a kind of a new support level because everyone's, you know, impressed that it broke through it. And that high that it makes is going to be kind of a temporary kind of intraday ceiling, uh, kind of a new resistance level. So you would. You'll see oftentimes is a price break out of a sport level, and it goes back bounces on a former resistance level, which is now a support. And then it will go and break out of that new level or go and try to break out, come back down and maybe eventually break out later from that level. So that's that's really all support and resistance is, and it's kind of a self fulfilling prophecy, right enough people are looking at it. Enough people kind of see it and acknowledge it and It's one of the most simplest technical things. So almost everyone kind of acknowledges that it's not some fancy Fibonacci or anything. It's pretty straightforward, and that is why it's so powerful. So how do you draw a support and resistance line? This is something that took me a while to get used to, you know, for some time. My I guess the larger timeframe ones work. But then, you know, intraday ones was getting kind of messy. How do you know which bottom to draw it on or which top I always have friends asking me, Why did you draw? You know this bottom, but not this bottom. And over time you kind of figure out what works for you. But the easiest thing to do is start on a larger timeframe. So zoom all the way out to one day and, you know, pick the bottoms and then pick the tops. So now you kind of boxter price in a little bit, you know, you know what the range is. And then you could zoom in for our chart. Eventually, when you're day trading up, 15 minute tried open on one screen. And like, a minute chart on another screen, and then you could kind of make a smaller and smaller sport and resistance lines. So we kind of already reviewed this. How our sport and resistant lines really well, Um, even even people that don't know how to trade often read articles that are, you know, Bitcoin just flew past $10,000. Or, you know, you have kind of these whole numbers at a boon kid kind of grasp or you have a price at no fell off a cliff, and then that was a monthly low or something like that. So it's kind of the one price that everyone sees that really sticks out. And that's why I support and resistance levels are kind of very because if you hit a low before you know, then it's everyone's warning. Always gonna break this low or vice versa. Let's see if there's anything I'm missing. Um, actually, there's have so many videos about support and resistance levels, and I put one here. It's kind of retail, but, you know, feel free to check this out. Also, there's we're gonna have a bunch more examples below in some of the upcoming trip, so it's just dive right into it. This has always been one of my favorite. Obviously, I mentioned earlier the breakout pattern. So until I'm excited about it, this, uh, let's see. Um, as I said earlier, this is one of those general breakouts from a I was meant to say a resistance line, but in this picture, let's zoom down here, and I could just talk about it. So in this picture, you can kind of see that there is. This is a little stair step performing here. You could kind of see that we had a little price run up, and then there's a little this. It would be our former high or maybe our intraday. So when you're zooming in on a 15 minute chart, this would be kind of a support level, our resistance lover ones looking at There's a little dip and then breaks out. So this would be a clear initial break out, right? And then this is this is over a week. This is consolidation. But you're going to see this as your former, your next kind of high, right? This was the big run up. You kind of have all these long way. This would also be one. This would also be one right, and then each time it breaks out these air breakouts from those levels, here's a longer day consolidation and then you have a break out again. So that's that's kind of what it's all about. Just always having these former highs and breaking out. I wrote a bit more in the description here, if you want to dig through it. I also have a little video that covers how to buy the break out because it is one of my favorite place, and I have so many trades based on it. I made a video lesson specifically how I buy breakouts and what works for me, right? You can base your strategy on this and kind of tweak it based on you know your style on your personality and kind of, uh, I guess over time you're gonna you're gonna learn what works for you. As I said before buying where I believe I mentioned this before. But Brian buying breakouts is one of those things I'm not really good at, so I usually average and I buy these dips here here, but the textbook way to buy break out with typically by at a confirmation. So if you see it kind of rising over this level than you buy here, you see it, You know, going past this former high, then you bought here and then you would probably sell in. This is pretty expensive, but you're always, you know, you're looking for a few percent to do. We're actually gonna review in the last section of today. How would I look for for an entry and also mentioned some of the price ranges there as well . Here's another truck padding. So the breakdown, which is basically the same as a break out but in the other direction I mentioned this is the start page pattern makes me really excited. And I think I know why. Yeah, so this is a 15 minute chart pattern, and it looks like So you see that there is one former. There's one initial low right here. Right? So that's that's when I drew this line. I'm not sure if I traded this. Possibly I'm not sure I made this chart a few days ago, but this is purely for review content just to give you an idea of what these support resistance lines are and breakdowns. Breakouts. So here is the first low. So I drew a line here. Then it bounces off of this and you can see that this was a failed break out. So you're tries to break down, didn't work, and then just price shoots up. Maybe a bunch of shorts covered? Not really sure. But this is something you definitely see time and time again. So you have a nice initial kind of drop in price, then a failed break out and then the price shoots back up eventually. This is still in a bear market here. Not sure what month this is to say you may. So you may were in the middle of the bear. Watching Bear is not over yet. So who knows? So then then you come down here. The price tested again. So how crazy is that? It already tested it three times and the price does again. It just bounces right off that little this. This is where it gets fun. The fourth time it test it. And four time is already kind of a lot. You, typically 45 is already It's kind of getting there. But I love this. This is one of the cleanest try. Poundings are here. So here it fails to break out, kind of or fails to hold, like here. But instead of a fake out, this is a real drop, not a very strong one. It does bounce back up here, but now this former support line is a new resistance line. This is kind of what I'm talking about, that he's supporting resistance levels switch. So it didn't didn't get past here, and that was a very, very sign. And after it hits that, it just completely falls off a cliff. However, it wasn't that bad after a while. Consolidation. Nice little, uh, which pattern here forming and then another break out again. So this is his breakdowns breakouts All in this job pattern, it's crazy. And this is what we're trading. This is almost a perfectly nice chart. Probably if you zoom out a bit more, gets a little choppy. But on this, on this 15 minute, it's perfect for trading for the type of trading that we do coming back here. This is a Breck breakdown bounce. This is the perfect kind of thing, especially if you're shorting. This would be a really nice time to add up to your short position. But I think in the picture above fear, we had this same right. So this is a break out balance. You you break out from this kind of 3 90 level and then it comes back to the 3 90 level, bounces off of it and goes back up. This is one of my favorite entries right here, buying on that former bounced level or about former resistance that is now the support. The waterfall bounce. This one is really fun but really dangerous. You kind of see it over and over again. Interesting, actually a bear or a bull market. Sometimes when something runs up really, really fast, just, you know, they can't keep going. There's no more buyers, and second, the price crack somewhere. It's a very, very, very sign. So here you can see that while I have the RC, This is actually I had the artist's eye in a few pictures. I used to have it. I think it comes by default on your training. You I don't have it anymore because I want you guys getting distracted. But as you can see here, we haven't a super nice run up Just consistently every 15 minutes is basically, you know, a little bit higher. A few, a few kind of setbacks. But overall, nice bull trend. Then you have the first massive crack, right? This is kind of an indication that the bulls are done. And I think this you might you might originally think that this is the first kind of this is the waterfall. And you might be right if you nobody here maybe sold here. But this is this is dangerous game to play. You wanna really wait till this whole thing plays out before you get into this position? Because if you get in here and you hold, you don't cut your losses, you are going to be in first surprise. So this is second bounce on during the breakdown. And then and then this is really where Just fully tanks Right on. And you you do not want to be guessing when this has happened. You don't want to be like, OK, it's over. It's over. It's over. It's over on. Then cut your losses down here. That's that's super depressing. And don't feel bad if you miss this original balance. Don't even feel bad if you missed this whole time. This whole run up my favorite time. The by is actually on the first dip of a run up, right? Because then one, I don't have to stare at my screen and wait for this whole nonsense to be over. I also don't make any mistakes of constantly defying. I just wait till the run is over on. Then after the nice swing up, then this could be really nice Entry point. This arrow indicates a sell off. Where I I This is not a I don't believe I traded No, I didn't trade this, but I found it. And it was a really nice pattern I wanted to share with you guys. So this is, uh, a good entry right here, and another probably to sell. And this arrow would also be another entry. It's is a pretty nice flag pattern, a nice bowl flag pattern, we call it. And so see where this former kind of support level is right here or not necessarily sport. But this kind of high this intraday high once it breaks that back out. And you have a nice, perfect kind of flag back down this would possibly be a good entry for a second break out. Now, these are kind of riskier to trade A lot of times, if you bought here, you'd be hoping out to, you know, sell somewhere in here. You'd want it to break past this kind of high of nine, you know, roughly 9200 so it could get a little messy. So just remember, these waterfall patterns, typically the 1st 1st balance is the best, and then sell into the second or 3rd 1 if you want to really play it safe. So, yeah, this is this is kind of what I said earlier. So how do you know when the waterfall pattern is over? And thing is, you really never will notice what? No. One. It's over until it's over, and that's the best time to get in. You might miss the first run up, but it's definitely the safest, and it's way more consistent. You can also use different time frames. Sometimes that helps. So in the in, a larger timeframe would say, maybe in our time frame, you're just going to see one massive red candle, right? But if you zoom in a bit on especially five minutes. You'll see all the individual balances on the way down, and then you will see that probably a few candles that just completely lose it and then, ideally, no bounce up. So timeframes, different time frames definitely help, and an increase in volume also helps. Um, you can see that. You know, this thing was dipping. He had a huge volume stike here, but then kind of just keeps falling with no volume. That's Ah, that's a bad sign. It just kind of means people. People are losing interest and it's just going out. People are still getting out, but then you have It's kind of hard to see, but you have a nice little volume. Spike here kind of means that there is a huge disagreement in price and that maybe that's an indicator that the waterfall is coming to an end. So, yeah, this is this is just talking about the time frame. So this might take a few hours, but then in 30 minutes is kind of the recovery time, which is really nice, which means, you know, you don't have to spend all day watching this. Basically, every now and then you can check it. And when you see that recovery, then you can get active because in under 30 minutes, this whole entire trade will play out and you can make a pretty quick entry and exit. This is this woman, actually was a bit longer. This is a 15 minute chart. So this is no, you know, at least in our you probably have to pay attention to this part. Here's another waterfall. You kind of see again how it just see kind of a super slow way down. Right? And the most dangerous thing is, you know, you see this in a little balance and see this and nice balance. And you're like, OK, I'm gonna wait for the 2nd 1 Nope, Didn't happen. And you're like, Oh, this is it. I'm gonna, you know, maybe by here, and it just gets really messy, right? You're always gonna be guessing where the bottom is. You don't want to be part of that. Especially if you know if you're holding the whole time uses of you terrifying. So you really want to make make sure to buy when the price kind of recovered, Right? So this is what I'm talking about this. Here's a little red candle. This is also a 15 minute chart. Here's here's a nice little red candle right in here, So this would be a potential first entry. But a really good first entry is after this whole run up. And then there's a nice red candle. It actually even goes down here so you could be buying. It's tough, but that you'd have to zoom in to get a better entry. But just this general areas where I would start looking right, you could even buy here on the 2nd 1 This is where gets bit riskier, actually tried toe, you know, by here and open usually be selling into this one already. Sometimes add my position. But you know what always depends every place different. And then typically, on the 3rd 1 I'll always be out. So but this is a super nice, wonderful Tried Honestly, you just gotta keep reviewing these starts one over another, and eventually it's just gonna click. The more charts, you see, the better every charts always gonna be different, but it kind of helps to seize you kind of notice they all have, you know, similar set up. So you have this kind of slow down path, and then you have a massive Tippett capitulation where everyone just kind of gives up. And then you have this massive bounce back because there's no more sellers left. And then you have that big first dip. You could see the same thing here, you know, kind of slow way down and then also in that huge drop and then nice bike up in that. First it right. So the next one, the stair stepper pattern also super cool. I love taking the stair stepper, so it's not as clean as maybe a perfect staircase. But you kind of get the gist. You have these these air, the really important things. So down here there's you kind of see this green line. There is a little hit here on the support. If you zoomed in, it would be much nicer, but because we could do that. But I'll just leave it here. You could always to go on your trading view and zoom in yourself. Eso it hits this little area. Maybe, let's say 0.30 was back down. Looks like a trust. Get close to it again and then here, it finally just runs through it, right. There was probably a nice little break out, a little dip by and then you can kind of hold. So this is at one point our first super super really nice move. And here I, through a resistance level on this high. Priceline, What did I want to mention these? These lines are very hard to see. For some reason, I recently increase the contrast. But this is a little older picture anyway, so we kind of have the first stare right here. We have super nice consolidation. And the way you know that this is a stair is because it's perfectly holding its high. You have a few little dips here, but overall, it's holding ties really, really nicely. And you can see that this kind of this I would say, maybe 0.7 level notices 0.8 kind of becomes a little temporary support line. I mean, resistance level where it kind of breaks out of here. But feel breakout goes back down. And then this time, when it breaks out, really, really shoots up, you know, 1233 opportunities to get in. Actually, I would say to this one would be a dire time to sell. But then again, consolidation forming the second stair. And then again, we have you know, this this level who have gotta catch my breath so much to say, this level where the price, you know, formally peaked to the high on, then went back down, form the consolidation and then, you know, try to break out again. Didn't work. Came back down here, broke out. Finally, you even see this little red candle here where touched the price again. Perfect. I would have been amazing entry, right? Or Or the second spot would have been a great entry. And then the prices runs up. Now, this this whole time run up is really insane. To be honest with you, this is you're not really, really going to see this all the time. This was in the middle of the bowl. This is Ripple. I think many people know that Ripple really just went ballistics. And, you know, 23 months is pure here. Chaos. This is actually one of my best positions. I think I made almost $20,000 in this play. But this this was really, really good. We'll have to actually post a link to that trade review later. Having thing I've done it yet. It was before this course and was kind of when I was doing everything, you know, just for fun on the side, but would be a great lesson. Anyway, Super clean chart. This this is a little excessive. At the end, you really couldn't see it going. But what we also call this chart pattern at one point, if it goes this this high is a supernova. So basically, you know, you have something that starts even, you know, 10 2030 cents and then just goes up to multiple dollars, Right? This is this thing. Just if you zoomed out to a larger timeframe, you basically see like nothing and then just pull just something that shoots up like a rocket ship. So crazy. Start better check the next one out. Try and make. This is fast. It's possible right there. Is there somebody charts to review? And it's good, but I don't want to take too long. So just keep going here again. You know, we have a little consolidation here. This could also be a flag, a very bare flag so pretty, pretty dangerous area. I probably would not have traded this one, but this definitely would've became on my screener on whatever day this was. This green candle would have definitely put this on the radar. So once that's on your radar, this is a bit trapping of a chart right here, But potential entries leading up to this area this nice. Oh, this is big point. Okay, So potential entries when you see this kind of double top right here hitting one of my this resistance level in the brakes back down, this could be a good entry. This first breakout could be a good entry. Right, Because you kind of see this little stare forming. And then this this last one's actually clean issue have a perfect high consolidation break out from that high. That's what we're looking for. And right, so these start parents happen over and over again. They're all a little bit different, but the concepts are always the same. Cool. That's I think enough for now for the patterns. The next section. We're gonna be learning when to enter and exit trade. Not necessarily based on chart patterns, but based on a few other things. So yet stay tuned for that. That will be the last part of Day three and anything I forget, I will be mentioning there. Still, that guy's Tacho. 9. Day3 part3 edited: Hello, everyone, and welcome to the last section of Day three of the crypto trading course. My name is Alex Winkler, and in this section we're going to learn how to or when Teoh enter and exit a trade. So there's really no magic formula, and there's definitely no exact science when it comes to finding the perfect entry or exit . But there's three things that will help you, ideally make a decision. So knowing the 1st 1 is knowing the market sentiment basically, in a nutshell. What that means is, what is the market doing that day? Is the market on average up? Is it down? Is that no, a little top heavy. Are we hitting? You know, for a resistance line, we may be due for a balance. Is there a general multi week or multi day support level being reached? So you know, that's always good to know. Here's some positive indicators. Is the market hot heading into a higher highs right, and is there may be a higher low. So basically that means you're in a bull market, so you know, higher. Hi. Hi. And then hire low. I then higher lows. I don't know if that was on camera. But, you know, is it one of these nice, bullish chart patterns? Are there any major breakouts on intraday levels? So something you'd see maybe on some major coins like Bitcoin or any of the top 10 increasing trading volume. Sometimes you can see over the course of, you know, maybe a month that there's a huge been like a huge spike of volume. Maybe you know what's the catalyst behind that? Or, you know, that's always interesting to know. These are all old things that will affect the smaller points. Is there, you know, break out on a resistance level. There are hold on sport level, so, you know, just kind of be be aware of all the bigger things that happening with equities. It's about, I would say, exactly show it's. I think it's 2/3 of all. It might even be more. I believe it's more, but 2/3 I believe, of all stocks follow the market, and that's that's pretty high. And with crypto currency, there's almost zero exception to that. Most most coins I follow. If Bitcoin falls off a cliff or it doesn't, I still dip the coin. I'm looking at also doesn't dip, So it's really important to know what the market is doing. Here is a little thing I Googled recently because I keep saying intraday entered a intertwined like I I use both kind of in the same sense and they're not the same. So intraday is actually something that you do when the market opens on before the market closes. With Cryptocurrency, we don't really have that. But I guess you could refer to intraday within a basically when the day starts when the day ends. And Inter Day is kind of like think about interlocking when 22 days kind of are correlated . So intraday trading You might keep the position overnight or something like that something ? No, I just wanted to add, because I've keep confusing it Now that we know the market is doing well, you know what Bitcoins doing, etcetera. How do we actually know? You know where we're on the exchange? I want to buy What's another way to figure out if this is a good time to buy? Well, you can use the depth chart, and this is actually a depth chart. Africa, out of which currency probably like point but based on the price on how much I've been following it lately, Plus is his GDX I don't know what else is priced at this level on G deck, and you can see here. This is a massive wall of buyers. So these are all people looking to buy, like point or whatever currency this is. And these are how many people are selling. And this is a representation of the order book. Let me just dive in and show you guys that exactly to back Teoh. This is what I was called GDX. But it is a pro dot coined based now not too important order when you're wanted to cancel a perfect timing. Anyway, So this is the order book that we talked about and, um earlier Day two, I believe. And if you check out the price step, this actually shows the order book. This is, you know, pretty a pretty normal view right here. Basically, all the orders added up is just kind of shows you how many people are looking cell. It is also nice to find support and resistance levels. Although I must say sometimes these levels get completely shot through or they just completely, entirely move for their positions. So, you know, don't put all your cards or all your coins or whatever on the depth chart. It is kind of nice to see sometimes, because you do see some funny stuff occasionally. So sometimes you see something really funny like this. So this is a really I think he even wrote it down. You. Have you ever heard of Wall of Sellers? Well, it's a real thing. So sometimes there really is a massive wall Sellers. You can see there's a huge order here in the order book. It's actually gives you a better idea of what it looks like. This is financed by the way, so you can see here just a lot of people trying to sell neo at the moment and not too many people trying to buy. You will also experience people kind of playing psychological games because there are a lot of scare tactics where some big players will no flash in order and then order disappears where you know somebody opens a short position. But it's you know you could really manipulate the order book, so I would never put too much value on any one thing there are always a few factors, but it's good to know. And sometimes you will. Maybe it will help you find a good entry or exit. So this might not be the best time to buy. For example, you actually a play I wanted Teoh do outline. I'm not sure when this Waas Who's there date? I don't not Never important. What I do want us to talk about here, which I remember is that you know, we have a nice little break out here. Let's say I don't know, 77 point, maybe eight or seven. The price keeps going, But then this is kind of a fake out, right? And you can see that this is a massive order gets executed right at the top and then the prices goes down like it doesn't exist. So sometimes you see a huge order and you're like, Wow, that's definitely a sport level. But then the price just shoots through it or it doesn't really matter. I you know, I often times trade like wine was about 10,000. And I have some friends that you asked me. You know, it doesn't Doesn't your 10,000 like, oh in order affect the market? No, it does not Theirs. I've seen orders, you know, 1/4 $1,000,000 just get shoot shot through. So my 10,000 is not a game changer. You know, sometimes if the market is really dry, there's no volume. I could see something like hit it a few times, then go back up again. But overall, I would not really worry about that whatsoever, especially with, like, coin on GDX. I mean, this is a huge, huge market, so not going to consider. You also can see some nice sellers here, but then again, you know, just keep in mind that especially when there's volume and the prices are breaking out are breaking down. These things can run pretty quickly, but a good time to get out is usually, let's say, if you see maybe multiple heavy orders. So maybe, you know, 700 here in 5000 another 1000 couple, 500 right? That's that's a pretty serious at one point. You know, it's multiple orders that gives you a little bit more meat, and that's something you could be a bit more sure about. So that's usually when I get out, and it's works pretty well when you see those big lines. Here's me rambling about maker and taker because I do always try to get out for free. So I do kind of miss sometimes with equities. Well, I don't really miss it. I trade equities just as much, but just a ramble right there. That's almost everything. But there's still that their thing. So the third thing is combining the rules we learned in Day two, and with the chart patterns we learned in Day three, kind of putting it all together and putting these two top things the market sentiment together and the, you know, the depth chart. So I guess, and the order book been talking so much they actually just got a call before this, Uh, lemon water is the best remedy for everything. Get back on track. So, yeah, so combining the rules and combining the chart patterns. And so if you know now, if it's a nice it looks like a little breakout happened, and then there's a dip and there's a lot of support there. You see a lot of support in the order book. There's a good risk reward ratio in your trading rules. What else? You're you know, there's, You know, everything kind of comes together, right? That would be a good entry. That's how you know you're not over trading. You're not scalping kind of everything we talked about up so far in Day two or day one day two and a three kind of comes together. Thank whom you know that you have a good entry and a lot of those things even, you know, right down in my little little notes cause you know, I've been doing this for a few years, but sometimes you know what? I'm just chilling here, and I'm like that. That's kind of a nice trade over there. Sometimes I read that and just be like, I think I'm over trading right now because usually you know when it's good and so kind of combining everything you know. And over time you always get better. That's that's what it's all about. Just constantly reviewing charts struck by a truck dependent striped patterns. So much fun, so exciting, and that's that's basically everything. So in my video lessons, I come out with insane amount charts review all my trades, everything eyes posted so you know, don't be shy. Just go to the investor trades and day trades and just start going through each one. Reading about what? I did work for me. You know the good, bad on the ugly. Hopefully, we don't have to me ugly trades because I cut losses quickly. Rule number one. I don't want to take up any more of your guys this time. That's everything, you know. Just review the charts. Definitely have any comments that give any questions. I'll be super happy to get back to you. I think that's all four. Day three. I will see you guys in tomorrow. Day four Judge out for now. Bye bye. 10. Day4 part1: Hello, everyone. And welcome to Day four of the crypto training course. My name is Alex Winkler. And today or this section we're gonna be covering What does it mean to be an investor? So there's a lot more that goes into just buying random assets, coins, tokens that you really like. But we're gonna be really building a portfolio based on your goals, and we're gonna be looking into different types of portfolio allocation and different ways to actually add coins and tokens to your portfolio. You know, when is a good time. What's a good strategy to do it? So it's gonna be covering a few different things. It's gonna be relatively short, of course, because Day Three covers a lot of the strategies on how we want to do that. But Day four kind of ties it into a longer horizon, so it's gonna be pretty fun. Maybe maybe you're in a value investor and you want to look for things with strong fundamentals. That's never a bad idea. So you might have dozens of coins like Peter Lynch in your portfolio, where he you know he's famous for the book one up on Wall Street where he just has a little bit of every company in his portfolio. Or you could just, you know, pick a few on that. You really, really love and really get behind him and kind of know everything about it. Maybe maybe you want to buy Onley ones only coins that kind of pay dividend. It's called staking. So no matter if the market's going down for a year, you still make your 5 to 15% which is possible as well. So there's there's a bunch of different things, and we're gonna review a few of them. Actually, most of them, the more the bigger ones. There's also different things, like I, CEOs and airdrops that you kind of probably hear about all the time, especially maybe on YouTube ads or just on the forums. So we'll talk about that a little bit. But one of the most important things here at Scripted on Angelo is, you know, pick your favorite style. And if you're learning something new, you know, go into it just, you know, with your toe first, Don't dive into something right away, because if you don't really know what you're getting into, it could get pretty dangerous. Also, another thing we're gonna be looking into or really focusing on is not mixing up all these strategies, but specifically, we're gonna be doing the different strategies, But we're not gonna make some halfway through trade, right? So if we go into a trade and we wanted to be a nice swing trade, we're not gonna halfway through start, you know, dollar cost averaging or, you know, deciding. Well, maybe maybe. Oh, this one states maybe I want to become a stick at stake because if that was the case originally, we probably want to enter the trade completely different at a completely different time. So an important part about being a trader or investor is really having a plan getting into a trade with a specific plan and strategy. We're gonna be reviewing that in the next section. Stay tuned for that, and I'll see you guys there 11. Day4 part2: Hello, everyone. And welcome back to day four of the crypto trading course. We're gonna start off right by reviewing I CEOs and airdrops. So I CEOs, if you don't know, stands for initial coin offerings. It's kind of like a similar to an I p o. Basically, it's a way for a project. I tripped a project to raise capital and air drop, in a nutshell is is basically a marketing toe, so I know an example. A ZANU holder I was recently this year. Earlier this year, I received a several ontology coins, and I think that the cure is dont that kind of got my attention on it actually bought more . And then I traded the position that went pretty well, so it kind of by handing out these coins, they get a lot of Felicity. So it's really just a marketing expense, really. But pretty interesting, because these air these air free coins that you get and these air, you know, projects that you can get into relatively easy depending on your nationality. And, um, you know your residents I CEOs can sometimes be tricky. A lot of Americans, for example. No, they can't register and It's even getting harder now with the SEC kicking in, you know, ruling them almost all our securities. So it's become a bit more complicated airdrops, though you could basically, always just get this is this is something we don't really allocate our portfolio to too much. So I see those are not really my forte. I occasionally share info about him and maybe something that I'm interested in last year only did one. So that's why we only dedicate 5%. It's kind of more interesting to me. And I do, you know, okay, enjoy the occasional. You know, I see or airdrop or I find it, you know, sometimes interesting. But I really like the project. But a good way to kind of start digging into icy as they really interest you is the forms. There's so many couple forms and sites like Reddit or chat groups or 1000 telegram channels . We can, you know, learn so much about projects or especially with airdrops, thes telegram channels. You know, you go there, you you typically fill out some form and then you know at one point if there's an air drop , you get free coins or, you know with a nice eel and you have to invest in usually by one of these these I CEOs with theory. Um, so and so. But, you know, just keep in mind that over 80% of ice CEOs in 2017 on a recent study came out as scams and the first quarter. So that's that's something to think about a lot of stuff going on out there and the first quarter of 2018. Actually, the I c o funding volume already passed all 2017. So 2017 was kind of a year of ice CEOs and a lot of people know it as that. And unite some friends ask me, you know, like Oh, I see is dead, you know, like Is that still a thing? And it definitely is a thing, and it's I don't see going anywhere. In the short term, it might get a lot more regulation. And but if anything, that's a good thing, because, uh, well, in the crypt of places, crypto space, you don't really want regulations. But a little bit of you know, popping of the bubble is really good, because now a lot of some new I CEOs coming out won't have these ridiculous evaluations like they were having no end of 2017 where everything was just overpriced. Then again, you know, even the equities markets are completely high. So kind of everything is in a bubble right now, so that's only natural. Nothing I would definitely recommend, even though it can be kind of time consuming, is reading the white Papers and really check out the websites reading who the team is after reading, You know, multiple I CEOs and white papers. You kind of start getting a just of, you know, what quality looks like And you also learn a lot, right? Everything you read, you have 10 more questions. So, you know, just one project will open you to a lifetime of reading in in thousands direction. So it's it's really interesting. And honestly, the best way to get started is just, you know, look, go on a form, look at some projects, pick your favorite one and then just start there and good luck. Another cool thing is to do join a few airdrop groups. You know, see if you can get some. It's always interesting, but another site we uses crypto panic. You just type in airdrops to get a whole list of stuff going on. That's pretty cool to again. I CEOs are not really, you know, my forte. So I'm not gonna spend too much time talking about it, But just know that occasionally I do include it in our investor kind of group. So this is my favorite. This is this is really what I spend most of my time on with our investor list is swing trading, which is similar to everything we do in the day three. But, you know, with on average, typically a longer timeframe. Sorry, guys. I need to drink water. So one of my favorite things that I spent most of the time on is swing trading, which is extremely similar to the stuff we do in the Trader course and a trading, but with a longer time frame. Uh, swing trades have always been a passion of mine, and I keep my majority of my portfolio dedicated to it. Roughly around 50% and sometimes even fully invested 100% in a sounds really weird 100 standing bear market. The reason I say 100% in a bear market is because I'm not gonna be a holding extremely long term. I'm just gonna be going. You know, uh, I'm looking for, you know, bare balances, which can be really strong in a bear market. So, you know, like little week long rallies, two week rallies. Right now it's July in 2018 and they are just happening, left and right. But I'm not going to be holding these. I'm not gonna really get into long, long positions because, you know, we're still in a bear market. You don't really know how long it's gonna go. That's why I'm swing trading a lot in the bear market. That's what I mean by this 100%. Here's actually a classic swing I did with X R. P Ripple. You probably heard about it. It was a pretty hot topic back in, you know, December in January, I feel like everybody was talking about Ripple. I'm often at this coworking space on Berlin, and the whole office was talking about it. That's how you know it's a hot topic so that the way and actually traded this whole entire thing was exactly like you would see any trade they trade, play out and chart pattern I was I was buying saw as a investor, I was kind of getting in. Earlier, I had a pretty long time frame because there was a lot of hype about this thing. So I was. I was averaging in all the time, basically on lower points. But once this thing really got volume and I saw the activity was going, I started defying. Every time there was a break out here is another break out of this line and then here for the last time and then I sold the initial lot, right It almost near the top of it was pretty, pretty rare thing, but this one worked out pretty well and then the other one do bounces down. Thing is, you never really know how far these going to run and it's extremely rare to get out of the top. So this is This is a nice trade for me because it's one of those things I really worked out well, the end result for me was 447%. I'll have a link here later for the trade review. This was before I did. A lot of documentation in this chart is from the what sets I called a coin tracking dot info that we reviewed in day to. So I still had this kind of chart auto generated for me because the a p I imports just pull out all my information, which was extremely convenient or else I would not have had this documented yet. I only started documenting everything I do about two months ago now. So the next three to actually want to review here is ontology. This is the one I said I got from the drop kind of an airdrop as a new holder. And this was a coin built on the new platform and they gave I forgot what the percentage was, but they gave a certain percentage to every new holder. And so I got some. I got interested. I was wondering what it waas. I don't remember exactly when I got my ontology. Uh, I can't recall. I remember it was in my account for some time, quite some time before I really did anything with it. But right around this point, when I saw really activity in it trying to break out, I bought a bunch more here and, um, I was waiting for a breakout, which we had a really, really nice break out. I saw that this was a classic consolidation move. I didn't sell it yet, and then I sold it into the second spike on. In all honesty, this was pretty conservative of me. It looks pretty great, but I could have really held a bit longer and made a huge, huge, much better trade, which would have not been a bad idea. I could have. I probably would have got freaked out here somewhere. But something that I often don't do is I don't hold long enough, so I get out too early. What would have probably been a good idea is just kind of slowly get out. Maybe half position here, half position here. That probably got, you know, freaked out policy all the other half year. But maybe if I help into the run up would have been good to either way, it would have been pretty realistic potentially toe hold longer than this. Then again, when you're up, I think muncher the exact amount. Oh, yeah. When you're up 120% any cell is pretty amazing, so I can't complain at all, But again, these. These are my favorite kind of swing trades, kind of holding and basically A. It's a pattern you'd see in a five minute or 15 minute charges blown over over a long period of time. That's really what I'm looking for as an investor portfolio. Another thing is looking for value. So something here is I often trade or I swing trade coins that actually really, really like. So, for example, Neo is one. I like to swing trade because I would like to build up a position that longer term for multiple reasons. Eso I feel more comfortable, and I also enjoy it a bit more because, you know, it's it's nice to trade something that you actually enjoy. So somebody considered for day trading. I trade all sorts of stuff. Even if the company is, you know, obviously crap it just. But it's a nice start pattern. The moment symptoms there, I'll trade it. But with investing on the more edgy, you know, I mean, when you're holding this overnight for potentially weeks and I don't I don't want to get into a company that could just overnight disappear. In theory, anything could. But I'd rather have a bit safer picks on that. So I look for value. I definitely check out the white paper. I check out what's new old in the projects. I like to check out some of the news and see how it affected the charts, but overall, I'm fairly technical. Basically, at the end of the day, it's also hard value. Looking for value could be extremely difficult. Sometimes in, for example, in a bear market value just completely goes out the window. I mean, we've been going down for about six months now, and most bear markets are similar, and no matter how great the company is, it still might lose half of its value. So that's why I do like charts. And I you know, I spring trade because, you know, just because a company has amazing fundamentals does not mean it's gonna you know, it's his price is gonna go up. It's kind of mind blowing for expecially new investors, but that's just the reality of it. Let's see if I have anything else. No, we'll move on quickly. There's there's a lot to cover, and I don't want to take up too much time on anyone. Think I'm just gonna be video lessons about almost every topic again. And every trade is gonna be somehow related to everything I talk about. So we're gonna go a lot more in depth in kind of little things every all the time. So another strategy is dollar cost averaging, and this is something that I'll just read a little bit. But I kind of wrote it already. This is a common way to buy anything. You know, equities, currencies, commodities, you name it. Basically any asset. This is one of the most common ways I often refer to. It is averaging in when I'm in the chapter room and say, you know, I just averaged in or average down if the price is going down, I want to buy some more. I do this on a very intraday level. So if I'm bay trading, you know, I usually get in with, you know, the third of the amount I want and I keep buying down are buying up because usually my my initial entry is not that good. I'm not that great at finding that perfect bottom expertly on dip buying. It's not my strong suit, but I'm getting better at it. So I really like, you know, dollar cost averaging even on an intraday level. Super. You know, one minute, five minute chart. To me, it's It's it's only helps so but as an investment, you could even do over a long time, right? You could do 500 every week. You could do 500 months, depending on what's the, you know, convenience set up for you. You could even, you know, instead of every week, you could just average in every time. A indicator like the RNC, you know, shows A. You know it's oversold high like a seven day three don't really use indicators, but if you're on a super multi month or you're on the date chart, you're looking at a month and you see every three months the Art Harris I or one of your indicators you're looking at, she says. This might be a good entry. Typically, if you're dollar cost averaging, it wouldn't hurt a song as the company is going to be around, you know, in a few months or a year, depending when you want to get out. So in the end I'll do call it dollar cost, averaging a Z more of a strategy to build my swing positions more than a strategy on its own. And so that's something you're gonna really see for me. So a little thing here. Many people believe that you cannot predict the market. And, honestly, that's really true on, uh, you might think. Wait, Alex, you're a day trader. You don't you have some sort of edge. Or like don't you believe that you can't predict market, but a review Day three again. Remember, we're not trying to predict anything here we're trying to do is write momentum. And if that momentum dries up, you know, it goes against you. We cut our position. So it's really day training is more of just a strategy nut and trying to play the odds and then cutting your losses when it doesn't work. So we're not really trying to predict anything, and with investing as well, even it if if it's pure value. So, like I said before were rarely using this strategy, but on some new projects, or it might be the case if the market is really low. Maybe I was just, you know, start averaging in if I have no idea what's going on, but I really like the project again. This is something I typically don't do as much. I'll usually use this as an entry strategy for a swing trade, if anything. And this is actually one of the reasons wise because I did this once with a company that was I don't remember the price. It was in the $5 I wrote this company down to the pennies, and it was not a very glorious ride. So for me, if I see something, you know, really going down, I typically get out. Okay. The last strategy we're going to review notes already getting along and holding there. But staking it's really interesting. And it's, uh it's kind of you need to crypt out. In a way, it's one of my favorite strategies. If I tied into if I tied into swing trading right, because, like not just, you know, a swing trade you might be holding for a few months or a few weeks, you're also making consistent, usually monthly dividends on it as well. So it's just like you no company as 18 t, for example, pays out. I don't know what it is. I think It's 4.5% dividend every year, and they pay a quarterly. A lot of popular coins like Neo, for example. They pay out also a dividend, right, and you get that even if you will, didn't finance you get a that paid out in gas every month in the beginning of every month. So I find that really cool. I love holding those coins, especially when I think, you know, be holding this position for a longer period of time. I think it's quite amazing, and why not? So I think a lot of other people think it's amazing, which which really helps those coins kind of seat get more popularity and people talking about it. So, as I said before, it's basically the same as holding a stock that pays a dividend. What's also kind of interesting is sometimes the coin pays out in the coin, but sometimes it pays out in something else kind of kind of like how neo on gas work right ? You hold me open to get paid out and gas, How do we stake but also swing trade A Z I talked about before. It's it's really all the same stuff, right So you're looking for that nice swing. And in the meantime, while you're holding that you're getting paid your dividends, You So you're staking reward. But they're the one thing I would want to talk about is you have to make sure that you're holding it on an exchange that pays you that or you're holding it in your wallet. You typically always want to take your coins off the wallet. I mean, often exchange it for pure safety reasons. So that's that's something to consider. But if it's, you know, we could, too. I often times hold it on finance or something like that. I don't want to say that's the safest way, and it is definitely recommended toe. Always take your currency, often exchange. But, you know, sometimes you have to you have to consider is worth it. You know, You know, there's also things that could go wrong by transferring coins. So you know, that's up to you. I'm not gonna get too into that. I'm gonna focus on the trading sometimes, if the price were really really runs up in a swing trade on, I'm also staking it sometimes be a bit hesitant to get out But you know, there's really nothing wrong with taking profits, and then you can always buy back later, right? It really comes down to why, in the beginning of a trade, you want to really know if it you know what's your goal with this? Do you want to hold this for two years and just get Pierce taking? And don't really matter what's going on? Because that's really important, you know, it's it's really easy to think Now I'll figure it out as I go, but trust me, there's going to be some really, really low points, and that is not the time when you're gonna want to cut your position. So if you're going into a trade and you want a steak, you know, just know that ahead of time at the market could tank extremely. And if this is your plan and you know you're gonna hold it for the long run, Otherwise, if it's a swing trade, you should probably cut your losses. You know when it goes down 5 10% eso you don't want to, you know, switch up your trade and that's that's the most important thing. That and this is why I separated trader and investor because the worst thing that you can let happen is when a day trade, you know where you're looking for a quick break out or something, and it doesn't work and it goes down a little bit. And all sudden you're holding that day trade, and you're like, how you know what? I'll just pull it till comes back up on all sudden. It's down 50% you know, four months later and you're still holding it. That's considered, that's called holding a bag. You don't become a back folder. If that was going to be an investment originally, you probably would have never bought that high. Anything that break out, you probably would have bought. You know, you probably maybe averaged in or you probably would have tried to buy at some lows. It's a whole different strategy. So don't don't let a bad trade turn into investment on this. This is also the same mistaking, you know, if don't let a spring trade all sudden turn into a state trade and be like, I'm just gonna be a stake here on this. Screw it. This trade didn't work Well now, like you're playing with fire at that. You want to be really consistent with your trades. You want to really follow strategy. And that's that's really what I preach in this in this course in the next video. So the last video of Day four in the crypto trading course, we're gonna review my ideal portfolio allocation and ideas on how you can come up with your ideal portfolio allocation. Eso I'll see you there in a little bit and watch out for now. 12. Day4 part3: Hello, everyone. And welcome back to day four of the crypto trading course. This is the last section we're going to review about an ideal portfolio allocation, at least what I do and maybe what coming up with one that would work for you. So this is extremely up to your goals and your personality. Uh, and with crypto, there's really nothing like low risk, however, would you might want to do it, or what you might come up with is thing you know, I want to be active. I want to be less active, so kind of knowing what you want ahead of time will really, really help create your portfolio. And that's why it's so exciting, you know, And that's why it's so exciting or important to review this ahead of time. Because if you like I said before with, you know, you know, swing trading are turning a swing trade to turning it Teoh halfway through being like, Well, maybe I want to, you know, hold and become a Staker. You know, this is the one thing that every beginner makes, makes as a mistake and even, you know, intermediate and advanced traders make a mistake. I don't. Why I make this, um, steak sometimes, too. But the documentation really helps me to stay focused. But the it's so important ahead of time to just say, you know, I'm not gonna be looking at the market that much I don't want, you know, always be thinking what's going on? So this is my strategy. This is how I want to allocate things. And just by doing that ahead of time, you're going to become much more profitable because you know, you're gonna be able to ride, you know, a bear market and not worry about it. You're not gonna end up selling at the wars possible time, like most people do. Also remember, you can always change your strategy, right? It just You know, you don't have to come up with it today. You know, I'm going to stick with this the rest of my life. You know, maybe that that is a good idea. But what's important is coming with the strategy for specific trades, right? You know, as a specific, you know, your your swing trading really kind of comes together, and you're getting really good at swing trading. Or maybe you're like, screw it Swink ratings on for me. I'm just gonna stake all these points. Then you could really kind of start focusing on specific or allocating more group artfully to that. So I know it's a lot of learning, but then kind of a lot of coming up with a game plan ahead of time before you get invested . So it's really important not to let these things happen accidentally. I can't emphasize that enough, and I'll be saying it again and again on This is why in our documentation, there's always line ahead of time where you write your whole plan out. Eso you can always you know, if it's a week later, two weeks later, you can always look back to that and be like, OK, this is what my initial plan was. Let me stick to it or, you know, if if I don't feel right about this, you know you could get out. You know, there's no reason not to, but it gives you a kind of a clear mind to start a trade so you don't halfway through and changing your mind. So in our portfolio number two, so the investor portfolio. This is a general allocation that we use. So, as I said before, 50% and sometimes even 100% allocation to swing trading I CEOs and airdrops, you know, I put 5% but it's really yeah. So it doesn't really get more than that. These air usually things I get, you know, some three coins or tokens every now and then for I CEOs, maybe I'll put in a little bit of that. But it's more of a I would call it a tuition costs, you know, throwing a couple 100 bucks into a nice CEO just purely for reasons of learning what happens. You know what happens. Where does my money appear when the queen is listed? And how does how does this all work? So for me, I see as an airdrop is, you know, purely educational. And that's why I only allocate 5% to it for you. Maybe your you know you need it. You don't really have a crypto accounted. All you want to do is you know, this I CEO and airdrops. Right? So that would technically be 100% your portfolio. But over time you'll you know you will build up coins and you're gonna have to decide. You know how much? How much am I gonna wanna allocate or reallocate? Right. So another thing is staking. That's that's something that I do like to combine with swing trading sometimes. But if I'm holding a really, really long term, I wouldn't probably go over 30% of my portfolio. And it is always nice to keep a nice trunk in cash for any good opportunities that you see out there. If you're 100% invested, you might lose a few nights asleep. And so I always recommend having a bit of cash on hand. That's all for the investor course, guys. Super awesome. Have you made it all the way through? I know it can get a bit heavy halfway through expression on those Queen Minute videos, because there's so much to cover. I try to keep them short, but you know how it is sometimes. So I'm looking forward to seeing guys on the last day of the crypto trading course on this day is gonna be really fun. We're gonna look into building a watch list and actually, you know, start trading. So I'll see you guys. They judge up for now, 13. Day5 part1: Hello, everyone. And welcome to Day five off the last day of the crypto trading course. Today there's gonna be four videos instead of the usual three, but each one is going to be a lot shorter. So, uh, because that's a good thing, my name's Alex Winkler. And in this first section, we're going to be explaining a bit where I'm gonna be sharing my crypto set up my current goal and how much money is required to actually start trading. Then in the next sections, I'll let you guys know what I do every day before I make a trade and will also be diving into how to build a crypt, a watch list. And then right at the end, we'll review a bit about you know what? What are the next steps and maybe getting involved in the community and kind of, you know, how you could go from there to continue your education and your journey into the crypt of space. Alright, guys. So a good thing toe have is is you always want a gold No matter what you're getting started in, it's super important to have some sort of, you know, snapshot. So you can you know in in a few weeks time, a few months time in a whole year you can look back and be like Wow, like I made it really made this progress and I stuck to my goal. Beat it or I could have done better. But that way, if you ever start deviating from kind of your path, you can figure out what's going wrong with what's what's going right. You know. So Michael, us that I started in in July. So basically this month is too average in $1000 per week, trading crypto. I'm doing everything by documenting everything I do. So each trade is documented not just to prove my trading, which it really does help, always reviewing every trade before, during and after, but also to help you guys and Teoh be able to teach everything from my winds and my losses , and you try to find valuable information from each one to improve the next trade. So each post has a or each trade has a whole entire post dedicated to it with chart pattern pictures and the whole entire trade journal Darko sheet that we talked about. That's all there. I haven't decided yet for a goal for 2019 but I'll be definitely posting a video when I do , so. That would be interesting. So let's let's jump right into my portfolio allocation. So as you've probably heard me saying, I separate my day trading from my investment portfolio quite quite intensely, even with the accounting and everything. I split up my total capital between the accounts about 50 50 and I tried to maintain that around 10,000 give or take. I don't really want to pass 10,000 for now. So that's that's kind of what you guys can always expect. That there's somewhere around 10,000 in the Trader account in 10,000 in the investment account and Day four, I talked about how I actually allocate, especially the in the investor, how I allocate that 10,000. So if you have any questions on that check out day for, I believe it was the last day for so how much is really required to get started trading crypto currency. This is actually a beautiful thing because if you're just getting started out honestly, any any amount is fine, and in the smaller amount, the better. It's not like trading equities, where your stock on some pattern day traders rules. So the pattern a trader rule is you can't make more than three round trip trades, which basically means, you know, we buy and then you sell. That's one round trip trade. You can't do more than three and five consecutive days. So that's that's a huge bummer to anybody with an account size under $25,000 and crypto that doesn't exist. There's also no large broker fees. A lot of the fees, you know, that we talked about maker and taker, their percentage fees. So as a small account, nothing really gonna notice those we do teach being a maker or I teach being a maker. But as a small account again, that's that's really not something you're gonna notice. So the good thing about Kryptos, you can really just dive in. The bad thing is, that's you can just dive right in, right? That's also not a good thing. There's a lot of potential to lose money very quickly, so it's actually a good thing. If you only have $100 to get started, you know you shouldn't you shouldn't be worried you know, I'm $100 You know, this socks and they're going to make that much money. Well, the good thing is, you're also not gonna lose that much money And worst case scenario, if you make all the mistakes in the book, you could always get started with another $100. So don't be too upset again. Starting a account with just a few $100 is totally fine and even encouraged for people new to the space. It will take longer to grow in account size, but that also means you have less risk. Which you can also do is while you're making trades and you're learning a strategy, you know, you could start adding 100 a month or something like that to accumulate or 100 a week to accumulate a nice size, but you never risking too much at once. For now, the most important part is a consistency. You want to start learning patterns, learning what works for you, and really start building a solid, a solid foundation of experience and just an overall but overall idea of what's going on in this space and getting that building up your six cents for the market. So you So when you do have a larger count, size will be ready for it. Another good thing about limiting your account size is when you're you're investing in the market and that money is not necessarily something you really need. You're not gonna make the mistake of, you know, wanting to take that money out because you have to pay for rent or you have to, you know, use that money, Teoh. You know, do anything. X y z. That's really important, right? You should never invest money that you could lose, right? But I would say you never should invest money that you actually need right way. Never want to lose money. But you don't want invest money that you need because in your be emotionally attached to it , you know you're going to probably end up making a decision at the worst possible time when you should have been holding or, you know, falling some important sort of rules. So you don't want your portfolio to dictate your trade in a way. So that's everything for now. Getting started in the next section, we're going to review what I do in the mornings before I actually get trading. I'll see you guys there 14. Day5 part2: Hello, everyone. And welcome back to day five of the last day of the crypto trading course. My name is Alex Winkler. And this section we're going to be reviewing what my mornings look like s I have a free market, or I guess you can call a more morning routine. So although one of my first instincts I have in the morning is to check the market and you know, potentially I want to get trading. I see. Nice dip. You know, boom, boom, boom. You want to get You want to get going right away. The Krypton market doesn't sleep. It's important to remember. That's the worst thing you could do. Worse thing you do is get out of bed and start trading. I mean, that is a recipe for disaster. So avoid that at all costs. Mentally, you were not in the right place right after you get up. And I imagine you know you're putting thousands of dollars in the market. You're putting that on the line, and it's really dangerous to jump right in, right? You're still kind of grudge. Eu really thinking properly. You don't want to ruin your whole day or potentially a whole week in profits because you had one really bad trade in the beginning of, you know that you did when you should have not been trading. They always say that, you know, the best trade is the one you didn't make, and it's it's because problems like this. So to start my day, I usually try to be up no later than 7 30 Although time zones can affect this, I do travel quite frequently and have a few other online businesses that definitely require a lot of my tensions. Sometimes I'll be up to relate the day before you know, being on Skype of being on the phone or even trading. So it doesn't always work. But 7 30 is my ideal time. I like to wake up sometimes. If it's a really good week, I'll be doing 6 30 but no. One in 7 30 Then you know, things kind of get a little bit out of hand, and the day it kind of moves too quickly. So the first thing I do is dive into something that really helps me wake up. Even if it's slowly right, you know, it's it's nice to kind of ease into the day a little bit, and this usually revolves around learning something like reading a few pages of a book that I'm currently going through. It kind of gets my mind going in a positive way. Currently, that activity for me is studying Russian, actually, for about 10 minutes. After that, I'll jump right into a workout for roughly 15 minutes and followed by a cold shower that always wakes me up. After that, I make breakfast and a nice power. Teoh What I mean by power T I should hyperlink that, but basically it's, you know, it's this combination of ginger tumeric much, uh, quite a which is a bunch of herbs. Yes, it's like a nice energy t long eating breakfast and drink my tea. And I have I usually watch a few videos during my breakfast videos that relate to my focus eso in this case, you know, watching a trading video, for example, or checking out what some of the other people on our doing that I'm subscribed to or you know what other chaplains air up Teoh are what my chat room is up, Teoh, but usually typically video where I can learn something because you know I'm eating and I like Teoh, you know, kind of multi task in that regard, especially because I'm pretty slow eater. So if I can kind of learn something while meeting, that's that's really nice, this whole, This whole part takes about 90 minutes. I know that sounds like a lot, but it goes by pretty quickly. The nice part is, at this point, I'm feeling pretty awake, right? I'm ready to go. I had a shower. I had a workout already studied a little bit at a big breakfast. But if it's super busy day, I don't like jumping into it right away. I'd like to give myself even longer, like to make my morning routine a bit longer and maybe 30 to 45 minutes longer for meditation on journaling. There's nothing like a moment of silence and some hardcore free writing to get all the kind of clutter out of your mind and allow for pure focus that day, especially, what I mean by clutter in your mind is something you know, you're always thinking about when after a meditation session or a nice you know, just on journaling a little bit, putting in all your thoughts on paper or Google docks. That's what I use, you know, really just takes all that noise out of your head. And also, you know, you can think clearly again because, you know, you don't have to worry about that stuff anymore. You're not gonna forget about it. It's in your docks. If you ever or your journal, if you ever want to go back to it, Those are That's kind of the second phase of my morning routine that I really, really like doing this whole routine again does take a bit of time, but it really gets me on my feet. After that, I am, you know, pure focus. I'm really engaged in anything I'm gonna be doing that day. So the first thing I usually do, especially if it's a trading day, is building a watch list. And that's where we're gonna cover in the next part. So I'll see you guys there in a second. Don't go 15. Day5 part3: Hello, everyone. And welcome back to the last day, Day five of the crypto trading course. My name is Alex Winkler. And in this section, we're gonna be learning how to create a watch list most days of the week or every day that I'm trading specifically, I make a trading watch list. Also make wanted to investor watch lists, depending on kind of really depends on the market and my positions that I'm currently in. I like reviewing them all the time. The way the two to watch this differ is really just a timeframe and a little bit of strategy. The general structure is almost identical, so it kind of gets just like I talked about in the first section of this day. Kind of gets all my ideas on paper, right? So I don't have to think about it all the time. I can always go back to it and review it later. I also go through my whole entire previous watch list or in the trading of you already have a bunch of pre selected coins and tokens that I'm looking at. So you know, I'll go through the charts and see if there's anything that is trending. I really like so kind of anything. Any picks that I really like, I add to my written watch list. You know, I'm looking at this, these air support and resistance levels that I'm looking for. This would be a nice entry or, you know, I don't want to chase this one, but if it goes back a bit and this would be a great did by, you know, just getting all my ideas deals on paper. Another thing that I like doing is when I'm making my watch list is looking for the biggest percent gainers. This is actually quite typical among traders in general, off its equities or crypto, where I guess I'm not sure about commodities under traded commodities. But this is especially among normal, you know, equity straighter. Looking for percent games is a pretty normal thing. And the reason we are looking for present gainers because, like I said, we're not trying to predict the market right. We're not trying t think what can be a percent gainer on? Let's get involved in that we think about Okay, these moved up. These coins really moved up quite drastically. Let's see if there is a pattern here that we can, you know, trade as a momentum, and we can take advantage of all the volume that's here. Sometimes there is, you know, a coin that trades $20,000 a day on average, and it's just a flat line. And then they were actually review one that looks just like this. And then there's a massive spike, huge volume and you know, millions. Or, you know, sometimes up to a $1,000,000 get straight on that day. That point that's usually dead. So all of a sudden we can trade a coin that before we would have never been able to touch. So the percent gainers is usually something we're going to be doing for our daily watch list. So the so our day trading watch list not necessarily the investor one, although sometimes those coins do carry over because maybe something is really interesting , like it was a percent gainer because I had a massive deal or some sort of news around it. So maybe that eventually after after day trading opportunity is a coin that you want to put on the investor watch list. A swell or if or if maybe something like Ripple, right? It was a percent gainer, but interesting project. A lot of people are talking about it, so maybe I want to speak trade that That's exactly what happened. So yeah, recent, actually. An example of that is IBM working with stellar. Right now, it is July 27th and stellar, which is shooting up more than any other crypto. Well, maybe not any other, but among the top. You know, hundreds dollar was really making moves on. It was because this huge deal with IBM looking to use their coin for a decreed there or use their platform to create a crypto dollar stable coin. So, yeah, in this in this, uh, in this picture, we actually use the screener. So is pretty simple. I'll show you guys how to use it in a second, but basically, here's the screener option. This pops up pretty cool. Pretty convenient. You have your percent gainers if you choose it right here. I usually have it on day, but, you know, if you want to switch around a little bit changed time frame, you could also see, you know, sometimes a bit things a bit more relevant or, you know, just breaking out. So anyway, I just took this to give you guys a quick example. I have a my flag watch list, things I'm really, you know, looking at, quite actively, a lot of long term loans, a lot of short term ones. So a little bit of everything I have maybe 40 points in here that will just go scroll through on that on the daily, and then I'll scroll through maybe sometimes on the four hour to see if there's some smaller trends moving this 1st 1 D and D market actually don't really know what this one is . I just wanted to take a picture as an example. So here you have huge, huge percentage game 166% up on the day You could see what exchange it on. I don't trade tracks, actually, at the moment, but I'm really looking in getting into that. I just don't like how they actually I really do. Like, you know, they have a bunch of different coins and you also have the option for fee up. Most Muslims Mark Winslow do not trade in in Fiat, so you'd have to buy big point first, which you know is fine, but you can also see here. So it's hard as I would have to go to the actual map. But their average volume is pretty. It was really, really tiny, and I don't remember it was, you know, if you'd few tens of thousands and then and then this day just spikes up crazy on you could see their value was 10.3 million, right? Think about that. That's that's a That's a massive volume, so that's calculate that. Three second. 123123 times older prices now 1231230.47 So that's all these years is that I can even count that right now. 23123 Yet that's $4.7 million being traded on that day. So something that barely ever sees any volume, any excitement. Ellison gets a massive, massive news, and that's that's what we're looking for a day trade. So I completely missed this. This is actually during a time frame that I frequently miss, but for me, I'm in UTC ATTN. Moment and I've really noticed over the course of a few weeks that between six and seven, it gets really, really interesting So this is a really what time? Where I find a lot of things, they're spiking. But anyway, if I was up, you know, this this could have been an interesting dip. By potentially, I don't know if this would have been tough. Maybe it would have my losses or who knows, But here, this looks pretty nice, is actually a little check mark. Better that I'm gonna be talking about soon. And you could have maybe got a nice little break out from here, which is pretty exciting. So So that's that's how we use the screener and give you guys a better example. It's right down here. You just click screener, and you could kind of see what's going on. So it's a simple as that, and it might sound a little complicated at first, but, you know, you just do a few times you see what's on my watch list. You know, you can start comparing, contrasting over time to see what What coins work for you. We obviously look for coins with a decent amount of volume. We talked about this in day three already, but you know, you wanna be trading coins that you have a very small amounts of the over bowl overall volume. If you're trading points where you're gonna be affecting over 5 to 10% of the daily volume , that can get very dangerous. You can get stuck in some believe at positions. So that's why we're looking for coins out of really making move with a lot of volume on. Yeah, it's nice with this screening can really search through everything you want pretty quickly . Even if you have a favorite exchanges, you consort for that. So you might actually also be thinking, you know, this is something I thought as well to Well, why don't you know? Can I also check out percent loser? So things that did the heart is that day. In some ways you are right. You could because there could be some really nice dip buying opportunities. But for me, defying is kind of one of my worst strategies. Eso I kind of try away from that a little bit, and also percent gainers are usually down for a for a reason, right? They usually have something flawed or some news. I came out that's really bad. That made him that much. So that's why They're really risky for new traders because new traders often times don't cut losses quick enough and they even worse than that is they let positions. You know, one day that you think you know it's gonna come back up, But sometimes these coins never go back up and they go to zero. So you're gonna become a back holder and you don't want that to happen. You're gonna ride this thing all the way down down to the ground, so there's a lot of higher chance that that's gonna happen if you're trading percent losers . So, honestly, the best thing is to avoid that is one. Obviously cut your losses quickly. Rule number one that we learned in day two, but more so just avoid percent losers. They are. You know, you're playing with fire. So if you guys want to see my watch list, you just go over here to watch lists and you'll see a whole list of the recent ones years a use, an example of a watch list, and I kind of talked about typically what happened yesterday? What I'm thinking kind of what my mindset is and things I should be looking for on then I'll, you know, review some of the trades I found the screener or I found in my watch list, just a quick little recap. I always There are the tags on all the watch lists. Eso you can you know, quickly, go click on each one and find similar somewhere posts or maybe similar traits. So, yeah, it's pretty straightforward. You know, it's really just kind of preparing yourself for the day by writing a watch list. Your also your thinking. You know what's happened that day? What's going on in the market so really gives you the bigger picture and kind of get ready for the trading instead of just, you know, logging into your exchange and just seeing so much momentum than getting into a trade. And also, you know, you don't have a strategy. You don't have a plan. So building a watch list kind of gives you a bit of grounding for the day, and that's that's what it's all about. And there's, there's no there's nothing wrong with trading stuff that that's not on your watch list, right? You always are gonna find stuff throughout the day that looks like really good good trading opportunity and you know it might be. And just because it's on your watch list you didn't see it earlier doesn't mean it's bad. You know, watch. This is really just about. Like I said, getting a foundation and making sure you start the day on the right foot. That's everything. For now. There is one more video and you guys were done with the course. Uh, this course is flying, so stay tuned for that judge out. 16. Day5 part4: Hello, everyone. Congratulations. You made it to the last video of the crypto trading course. My name is Alex Minkler. I'll be pretty quick here. We're gonna just kind of wrap things up a little bit, you know, Tell you tell you what's going on and what to expect. So now that you have this nice little foundation to kind of work off, of the most important thing now is building experience. Always be learning. It's kind of it's kind of like when you graduate, high school or college. Then then the real learning begins. You have a little bit of foundation. But now the experiences. There's nothing better than experience. So one way to really get some good experience is join our community or honestly, any community just know be around other traders. It helps so much we have to Chapman's and one chapter miss for trading specifically. And one trap chat rooms is for investing just like my portfolios. I really like separating those since they are really different, and I never want one trade to turn into the other trade. You have to go in with everything with the strategy that's really important. So you know, you could subscribe to either one of those. If you're interested or both, you also check out our Crypto Apprentice program, where my goal is to turn you into a fully self sufficient and consistently profitable trader. That's that's a mouthful, so you can apply for that on the home page. There's a little application thes thes packages. The chat rooms are really great together, serious about investing in your education and your training, education and learning directly from real time trades and other traders. And you kind of want to be involved in community where everyone's always talking about it. You will have access to all these things that I showed you guys throughout the course. The day trades, watch list lessons and also for the investor or trader, which everyone you guys pick. Something that I really, really appreciate and enjoy about the community is you notice trends. You can kind of really feedback off other people, right? If you have a room full of traders, often times I have somebody telling me I'll extract this straight out. Or how come you haven't talked about this pattern and honestly, it's not because it's a bad pattern. Potentially. I mean it might be, but there's just there's so many points out there, and there's something in place that sometimes, you know, they just go right over my head. And I may be looking really intensely at No. Three other ones, but I missed that one. That's way, way better just because you know I'm only one person and it's hard to catch everything. Another thing is, you know, if there's a shift in the market or you know, there's some news that can potentially affect a few things. You know, people are writing about that. So it's kind of a personal news agency in a way to So that's that's something I really like about the chapter room can, you know, get involved. You can start, you know, having feedback. What you guys think about this I or somebody else will give me feedback. It's a really fast weight Teoh kind of increase your learning curve because you're constantly getting up to date exposure. This course is great. You learn a lot about things that happened and how you can use it again and again. And these are things you know people been doing for decades, So having a foundation is good, but always applying that that knowledge to the current situation is is the best thing you could be doing. So here's an example of something that happened. You know, there was a major news recently that the SEC was gonna prove these E t s coming into the market. The market's been consistently going up this whole time. There's talking about it, and the first thing that happened is when they got rejected. It's the market plunge. You know, the typical. Buy the rumor, sell the news scenario. So you know, it's always nice being up to date and seeing what's what's going on again. Guys, we're not trying to predict anything, right? I'm not trying, Teoh, you know, be a fortune teller and say, You know, this time that the SEC is gonna approve an e t f crypto e T f. That's what we're trying to dio. We're trying Teoh get into position after the news and write the momentum falling our strategies, you know, taking our profits and consistently doing that. Another thing is, you know, always be reviewing. Just don't forget about documenting every trade. Don't get lazy and start not reviewing your traits It's like, uh, it's like playing people with a fully automatic gun. But you're blindfolded. So you know what? Everyone's hiding around in the bushes sniping out to you. You're out there, you know, wasting all your ammo. Before you know it, you're gonna be out of the game on. You don't want to be out of the game, especially trading, because that means you lost all your money. The name of the game and crypto or trading in general is, uh, live another day. You want to live to trade another day, so cut losses quickly and with anything in life, documenting your progress is critical to improving your skills. I mean, think about it. Every top athlete you you watch definitely want documents so they watch their tapes and of their games. At best games, they can see their mistakes they're doing, and they can learn how to improve that for the next game. They're always going into the next game, knowing what they did wrong right in the previous game, so they could really exponentially increase their performance over time. You know, everyone can get lucky, making occasional good trade, but consistently being profitable in the market. you have to follow some sort of strategy. You have to be true to yourself, and you have to be dedicated. I mean, it takes a lot of time. It's is something that it's not gonna happen overnight. So, you know, commitment, dedication. And, like I said above one of the best ways to stick to something is get involved with community documented everything you do. So at least if you're involved in community, you have yourself. You're competing against yourself, which is something you should always be doing, you know, don't compete against other people. But, you know, bye bye. Kind of documenting each one of your traits. You will stick to your rules a little better. You won't. You'll feel guilty about cheating. And if you're just if you're just all free for all in the market, it's can get really dangerous. You know, you're just wait. Maybe one day it's gonna go up. You don't want to be there, you know, stick your documenting. Always be reviewing your trades. You know, noticed friends get involved. And you know, if you're interested, check out our community. We'd love to have you. All right, guys, I won't take up any time. So, uh, thanks for doing the course. And I hope to see you guys in the chatroom or somewhere else Judge after now has