I am a young man who was interested in entering the world of investments, currently I only handle an amount of 5-6 figures bordering on. Currently I operate in general within the Blockchain market and gradually including myself in FX & Indices & Stocks.
I will explain how I manage my risk and how I manage to make decisions based on certain conditions that I have been creating over time in order to obtain a small MaxDrawnDown and that my ratio factor (Profit/Loss) is above 1.2 each month.
TRADING IS NOT FOR EVERYONE.
Most people who enter to trade usually come with false ideas instilled by mainly advertisements with false returns.
I would like to touch on this topic in depth.
First, we need you to get rid of all the accumulated information and look at my personal point of view regarding trading.
Cryptoz18: "A trader is profitable if he understands these 3 characteristics"
- We are not able to predict the future of our trading concepts in general such as: "Technical Analysis, Price Action, VolumeProfile, OrderFlow, Orderbook, Market Theories, Cycles".
They are concepts that become complementary when carrying out any operation, but we do not have a crystal ball. For this reason, it is important to understand that even if it is good information to take operations, the only thing that will make us profitable is "OUR RISK MANAGEMENT"
- A trader must have neutral thinking. This is very important. A trader should be able to separate his personal life from work. Assertive thinking is one of the most necessary things when it comes to operating since it will directly influence how you make your decisions. Prior knowledge becomes very useful; however, it is important to always think logically.
Emotional health is a way to have this characteristic or improve your reasoning directly.
- You must carry out a test of your decision making, already having emotional peace and risk management, it is important to consider that your profitability comes from your decision making directly in your operations.
In other words, the only thing that will make you profitable is having 3 main characteristics.
Risk Management, Emotional Management and your decision making.
If you are aware of these 3 at the same time, you will be profitable in the long term and for this you must continue studying and learning constantly.
Now understanding this, let me explain how I get to take my operations:
We developed a vwap oscillator that emphasizes intraday trading so it is very useful for general position taking.
In the first place, what I do is place an alert using the intraday VWAP indicator on a certain asset which is of interest, in general I place both the high and low crosses. You can do it in the following way:
I do it directly from the 6H timeframe but sometimes I can vary by changing to 1H, 15min, etc.
I can sometimes enter when a green valley develops in the oscillator and cancel it outright if it hits my StopLoss or turns red.
But in general it is done this way: Once it crosses the value 0 in the oscillator I put a "Position" drawing and what I do after doing it is directly to place my StopLoss tight for this I usually use the Lines ATR - Minimum ThomasDeParker's Risk with a setting between 0.25-1 depending on how you see the volatility of the market
The Stop Loss is placed depending on whether the position is long or short at the respective values of the visually averages of ATR.
Once this is done, we handle a concept known as "TPM or also called Minimum TakeProfit".
What this term does is look for a benefit similar to the current volatility of the last days, in general there is no specific way to place it, you can use the Realized Volume & Volatility tool or directly place a Risk-Reward ratio of 0.75-1 in the operative. Up to you. In this case we will use the Risk-Reward Ratio.
In the end it would be this way. Once this is done, our risk management comes into play.
For this, in general, I have a certain configuration determined by position, although it varies depending on the asset and the leverage I use.
In general, I only consider assets with very good liquidity, whatever is directly "Bitcoin, Etherum and BNB" in them I can manage 20% Margin without leverage directly.
In the rest of the assets I consider it as a bet so I only place 3-5% of Margin without leverage.
This is mainly because my % margin limit of the entire account placed in positions is 60%, which allows me to have several small operations of assets that I consider bets or only 3 positions of BNB-ETH-BTC.
I operate in an exchange where the commissions are regularly intermediate, which does not affect my performance much.
Once the asset reaches my TPM, what I do is directly enter the decision-making field, I review the chart and see if I would really feel comfortable holding the position longer or directly closing in profit.
I leave that up to you but as I said all my trades seek to catch 4H-6H trends using 15 minute TP and SL.
In addition to taking into account that cryptocurrencies is a very volatile market, so risk management and decision making is very important.
In general, if my TPM touches what I usually do is put my SL in input and as it develops, move it to profit little by little constantly every day. In such a way, in the event that the operation is returned, it would only pay commissions of 0.05% and breakeven would come out in the operation and in the event that it could not obtain more profit. That clearly depends only on you. So don't follow my ideas without doing your own analysis and if you like my post, let me join you. :)
I hope you liked my explanations.
Conclusion: We seek to catch trends in 4H for this we use a tight StopLoss and we use a term known as TPM that would be our Minimum TakeProfit once this is touched what we do is move StopLoss to entry if we trust that the operation could have more benefit so we ensure that if it is returned we can leave only paying the commissions.
It should be noted that if we do not trust that the operation will have more benefit, we can close it directly as soon as it touches the TPM.
We seek to catch trends in 4H-6H using a 15min timeframe (StopLoss and TakeProfit similar to these timeframes).
I hope you liked my way of operating, you will find the results at the top.
A 100% accumulated profit would be only 5% of my futures account total. We seek a minimum monthly return of 70% of accumulated profit equal to 3.5% of the total profit of the account.
Remember that I only share my ideas before entering them, do your own analysis and share in this way you help my account continue to grow. Thanks for your support!
I will explain how I manage my risk and how I manage to make decisions based on certain conditions that I have been creating over time in order to obtain a small MaxDrawnDown and that my ratio factor (Profit/Loss) is above 1.2 each month.
TRADING IS NOT FOR EVERYONE.
Most people who enter to trade usually come with false ideas instilled by mainly advertisements with false returns.
I would like to touch on this topic in depth.
First, we need you to get rid of all the accumulated information and look at my personal point of view regarding trading.
Cryptoz18: "A trader is profitable if he understands these 3 characteristics"
- We are not able to predict the future of our trading concepts in general such as: "Technical Analysis, Price Action, VolumeProfile, OrderFlow, Orderbook, Market Theories, Cycles".
They are concepts that become complementary when carrying out any operation, but we do not have a crystal ball. For this reason, it is important to understand that even if it is good information to take operations, the only thing that will make us profitable is "OUR RISK MANAGEMENT"
- A trader must have neutral thinking. This is very important. A trader should be able to separate his personal life from work. Assertive thinking is one of the most necessary things when it comes to operating since it will directly influence how you make your decisions. Prior knowledge becomes very useful; however, it is important to always think logically.
Emotional health is a way to have this characteristic or improve your reasoning directly.
- You must carry out a test of your decision making, already having emotional peace and risk management, it is important to consider that your profitability comes from your decision making directly in your operations.
In other words, the only thing that will make you profitable is having 3 main characteristics.
Risk Management, Emotional Management and your decision making.
If you are aware of these 3 at the same time, you will be profitable in the long term and for this you must continue studying and learning constantly.
Now understanding this, let me explain how I get to take my operations:
We developed a vwap oscillator that emphasizes intraday trading so it is very useful for general position taking.
In the first place, what I do is place an alert using the intraday VWAP indicator on a certain asset which is of interest, in general I place both the high and low crosses. You can do it in the following way:
I do it directly from the 6H timeframe but sometimes I can vary by changing to 1H, 15min, etc.
I can sometimes enter when a green valley develops in the oscillator and cancel it outright if it hits my StopLoss or turns red.
But in general it is done this way: Once it crosses the value 0 in the oscillator I put a "Position" drawing and what I do after doing it is directly to place my StopLoss tight for this I usually use the Lines ATR - Minimum ThomasDeParker's Risk with a setting between 0.25-1 depending on how you see the volatility of the market
The Stop Loss is placed depending on whether the position is long or short at the respective values of the visually averages of ATR.
Once this is done, we handle a concept known as "TPM or also called Minimum TakeProfit".
What this term does is look for a benefit similar to the current volatility of the last days, in general there is no specific way to place it, you can use the Realized Volume & Volatility tool or directly place a Risk-Reward ratio of 0.75-1 in the operative. Up to you. In this case we will use the Risk-Reward Ratio.
In the end it would be this way. Once this is done, our risk management comes into play.
For this, in general, I have a certain configuration determined by position, although it varies depending on the asset and the leverage I use.
In general, I only consider assets with very good liquidity, whatever is directly "Bitcoin, Etherum and BNB" in them I can manage 20% Margin without leverage directly.
In the rest of the assets I consider it as a bet so I only place 3-5% of Margin without leverage.
This is mainly because my % margin limit of the entire account placed in positions is 60%, which allows me to have several small operations of assets that I consider bets or only 3 positions of BNB-ETH-BTC.
I operate in an exchange where the commissions are regularly intermediate, which does not affect my performance much.
Once the asset reaches my TPM, what I do is directly enter the decision-making field, I review the chart and see if I would really feel comfortable holding the position longer or directly closing in profit.
I leave that up to you but as I said all my trades seek to catch 4H-6H trends using 15 minute TP and SL.
In addition to taking into account that cryptocurrencies is a very volatile market, so risk management and decision making is very important.
In general, if my TPM touches what I usually do is put my SL in input and as it develops, move it to profit little by little constantly every day. In such a way, in the event that the operation is returned, it would only pay commissions of 0.05% and breakeven would come out in the operation and in the event that it could not obtain more profit. That clearly depends only on you. So don't follow my ideas without doing your own analysis and if you like my post, let me join you. :)
I hope you liked my explanations.
Conclusion: We seek to catch trends in 4H for this we use a tight StopLoss and we use a term known as TPM that would be our Minimum TakeProfit once this is touched what we do is move StopLoss to entry if we trust that the operation could have more benefit so we ensure that if it is returned we can leave only paying the commissions.
It should be noted that if we do not trust that the operation will have more benefit, we can close it directly as soon as it touches the TPM.
We seek to catch trends in 4H-6H using a 15min timeframe (StopLoss and TakeProfit similar to these timeframes).
I hope you liked my way of operating, you will find the results at the top.
A 100% accumulated profit would be only 5% of my futures account total. We seek a minimum monthly return of 70% of accumulated profit equal to 3.5% of the total profit of the account.
Remember that I only share my ideas before entering them, do your own analysis and share in this way you help my account continue to grow. Thanks for your support!