Followers, This is How We Are Going to Avoid Miscommunication...
The purpose of this publication is to TRY to get an understanding between me and my followers when I post publications. You will notice I was pushed for time at the very end of this video as the seconds ticked down I began talking faster. lol I still believe I got my point across well enough. What was more important with this publication was my thoughts on WHEN to create long or short positions and for HOW MUCH of what we're willing to invest in a pair (BTCUSD) on that position.
When one creates a POSITION on MARGIN, they are introducing more RISK into their trading. Where there's more risk, we should risk less capital (my opinion). Cause usually, where there is more risk there is the opportunity to make more; especially on margin. So, there's no need to risk as much if you can make much more. Cause you can also LOSE MUCH MORE if you're wrong in your analysis. Play it SMART... Control your RISKS by CONTROLLING the amount of capital invested in those risks. KEEP YOUR LOSSES SMALL AND YOUR GAINS LARGE...
I appreciate my followers and your continued support. If you will, please take a moment to click "LIKE."
Best Regards and Happy Trading!
David
When one creates a POSITION on MARGIN, they are introducing more RISK into their trading. Where there's more risk, we should risk less capital (my opinion). Cause usually, where there is more risk there is the opportunity to make more; especially on margin. So, there's no need to risk as much if you can make much more. Cause you can also LOSE MUCH MORE if you're wrong in your analysis. Play it SMART... Control your RISKS by CONTROLLING the amount of capital invested in those risks. KEEP YOUR LOSSES SMALL AND YOUR GAINS LARGE...
I appreciate my followers and your continued support. If you will, please take a moment to click "LIKE."
Best Regards and Happy Trading!
David
So, if you're a follower of mine, I want to encourage you to invest the TIME to learn how to use the indicators I'm using. If you don't have a PRO account, you cannot use Godmode indicator. However, I have a remedy for this. I'm going to post a script of my own that's similar to Godmode. However, you will have to request for an invite to use it. Then it will be added to your "Invite-Only" Scripts for you to use. The disadvantage you will have without a PRO account is not being able to choose all the different time frames I choose in order to get more detailed in your analysis to make a better decision in regards to WHEN we are about to experience exhaustion on a current upward or downward move. You will also have a disadvantage of not being able to have multiple charts inside one single window for one pair to save desktop space on your monitor(s). Anyway, that script will be available soon for "invite."
In order for you to "break free" from dependence of signals provided by other traders, you will have to invest TIME. Otherwise, you will not benefit as much as you possibly could by following me.
It's rare I'm going to come on TV to tell everyone exactly when to buy or sell a particular crypto, stock, commodity or FOREX pair. It's IMPOSSIBLE for me to stay awake 24/7 to achieve that level of service. Even if I could provide that level of service, I certainly would not provide it for free. I hope you can understand that. Maybe some day I'll get to the point where I could provide that level of service. who knows...
I do have plans in the works to build a website for the purpose of providing trading education and signals. However, the "signals" will be limited to Mid and Long Term time frames. NOT short term or very short term time frames. Also, I will not provide signals on EVERY SINGLE crypto pair, stock, commodity, FOREX pair, etc... That's where the EDUCATION will come into play. The education gained from the website is intended to fill the gap of the limited services I'm not providing.
Maybe you think you will be able to do just fine from the videos and charts I've posted and continue to post on TV. Maybe you will... I expect only about 2 to 5 percent will be able to. Most others will not be able to because there is still a LOT of stuff I have not covered on Trading View. Most importantly, things are best learned by EXPERIENCING what is taught. You might call it, "Hands On Education." The chart I've provided on occasions of the History of Bitcoin from Beginning to Present Day Using Wyckoff Method is a prime example of what I mean by EXPERIENCING what is learned under different circumstances. You'll be surprised how many DIFFERENT circumstances can arise over a 4 year period.
I've said enough thus far. The main purpose of this comment is to ENCOURAGE FOLLOWERS to invest the TIME into LEARNING how to use the indicators I'm using and LEARN Wyckoff Method.
Cheers,
David