CRYPTOCAP:TOTAL2   Crypto Total Market Cap Exclude BTC, $ (CALCULATED BY TRADINGVIEW)
So many didn't believe alts would move again and have been spectators as 60 odd billion has been pumped into them off the lows>recent high well I'm sorry to hear that (not really), However there is good news! many of these larger caps and others have started retracing their trending moves providing an opportunity to re-enter the market on BTC pairings. BTC may continue to go down in $ terms short term and may deter people from actually entering alts and I can understand that as I myself have been there before, The reality I'm seeing is that many of these alts are in unique cycles of their own although some are very similar the timelines are a little spaced apart. So how do you prepare for this? Well it's interesting because most people probably won't make $ from this alt cycle mainly down to a few reasons being: fearful/uncertain/hesitant/doubtful/bad past experiences(most likely) you get the point...So to negate this and actually prosper in this time of the market it's probably going to involve you overcoming some mental hurdles and rid yourself of past experiences that may be haunting you. I believe people trying to trade this on the short term and using stops will end up being frustrated and have poor results also so that's something to consider if this is a part of your ''normal'' approach. The crux of it all is that the real winners here will be the ones willing to take the risk and with the foresight of what's potentially coming into this market. This is probably not what you were expecting to hear as it's basically the opposite of how most people trade/approach markets and you will be exposing yourself to risk greater than you're normally use to, In regards to the last part I do employ risk management although it's not usually in the form of ''stops'' I have invalidation points and focus more on position sizing relative to the total $ I'm trading an example would be if I was trading 100k I would be using 5-10k per position and not exceeding 10% in any one position. In my last post which I will post you here you can see the things I look for in alts to enter and that still stands However I will give some positions I'm currently in as of recent which are ZEC, ATOM, ETC, EOS, MANA. Lastly I will add that I expect to incur some draw downs basically every trade I enter and never really see a position move the way I want off the bat often but this is just part of the way I trade gl.

~NOT FINANCIAL ADVICE~
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tbh is strange you expect altszn while you also expect btc to drop like a rock, just sayin
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Feb14 hard rejection on total2, guess altszn later...
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hi there i would like to ask what is that gobstopper chart and how does it work? im a new trader so forgive me if this is a stupid question
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Swoop6 Darthfader9000
@Darthfader9000, The arcs are just points price may go to once each is broken good chance we approach the next.
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@Swoop6, ok could you tell me what its called so i can goolgle more about it?
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Swoop6 Darthfader9000
@Darthfader9000, Just fib arc
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@Swoop6, thank you, have a great day!
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Nice analysis! A L T S Z N BBY!
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Very few will get rich by taking extreme risks without management period. There's a much higher percentage of people likely to get rich by properly managing their risk even if that means being stopped out a few times, you'll take winners that's far exceed getting stopped out using the correct risk management.

You can be an extreme risk taker and it may very well pay off but that also puts one in the high percentile of losing traders, that behavior neglecting risk also is why you find this approach having shocking rates of people blowing up their accounts.

Everyone has their own approach and some make it really big being reckless but that's very rare, far majority (most ppl) will just blow up their accounts without SL's and proper RM.

Get rich by pulling out early, good luck.
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Swoop6 c3tr4
@c3tr4, Be honest are you talking from experience here or just repeating something you read and deeming it to be true? I would say most people using stops have them too tight and go broke slowly taking small losses consecutively only to watch the market stop them out and go in the direction they originally thought, There is a place for stops in trading sure but I personally think risk management in the form of position sizing is a way better approach than trying to micro manage a position with tight stops. Also in ref to your ''puts you in the high percentile of losing traders'' around 80-90% of traders are losing and if everyone is doing the same thing...well you get the point think outside the box.
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