Kingsteve's Posts
Nairaland Forum › Kingsteve's Profile › Kingsteve's Posts
1 2 3 4 5 6 7 8 ... 11 12 13 14 15 16 17 18 19 (of 104 pages)
Ballzproblemm:I never said it was easy. Knowledge is power! Some traders have the funds to trade, but can't seem to find any profitable token in this bear market. It is those traders that need this information more. It is not good for hodling, but for short-term trading. If you're not a day trader, there's no way you can make any profits from this bear market. Simple! |
Trabelsi:Lol you no dey read? Read well, what you seek you will find. Don't expect to be spoon-fed! |
To all those complaining about the bear market...have a read! First and foremost, ask yourself; what type of trader are you? Day trader? (active trader) Swing trader? (Intermediate trader) Investor? If you fall in the category of day traders, then truthfully, you shouldn't really be complaining about the bear market. Why you may ask? As a day trader, your goal is to take advantage of price fluctuations, and in this case...volatile price fluctuations! So, no matter the movement of price action, as a trader; you should be able to grab some profits within the trading zone. You may ask again...what token is the best for day trading in this bear market with very tight opportunities to make any kind of profit? Well, at this point I may have to drop those secret tokens I've been talking about. Yes, it is a paid service, but in this case, considering the plight of many who have lost significant amounts of money, I will reveal those tokens. Leveraged tokens are derivatives that are traded in the spot market. It's almost like futures trading in the sense that one can go both ways...long or short. But in this case, still...there's no short option, but it works this way. If the price of BTC is falling, these tokens go the opposite direction...up! It mirrors exactly what BTC does, just that it goes the opposite direction. To take advantage of these tokens that provide a safe haven for active traders, you'll have to complete a MCQ on Binance, so that you understand how it works and the risks involved, before having access to trade. It is strictly for advanced traders, that understand exactly how to interact with the charts. Once You're able to master trading on leveraged tokens, you're good to go! Be warned...it is highly volatile. Thank me later! ![]() |
R2bees2:E don finally happen. This could be a free fall to 17-18k |
MrBrownJay1: ![]() |
Oceanjagaban:Yeah...it tastes better than |
R2bees2:E fit shock you! |
If no be point and kill chicken, forget it! |
Geovanni412:Interesting! However, after another tussle yesterday night, BTC dropped to $20,233 or around that region. Once again, the $20K support was defended, amidst lots of bleeding. It almost dropped to previous ATL of $20,111 or thereabouts. If BTC drops to $19k, wahala go dey and that's why the bulls defended the 20k support with all it's might. Russia and Ukraine comes to mind! |
DaemoLee:Obstacles ahead abound... Recovery can't be imminent! |
elvischukie:Not as bad as the Feds increasing interest rates. BTC defended the $20k support impressively well. If that support line can be defended again when re-tested multiple times throughout this week, then expect BTC to gradually climb from there. On the other hand, if the support is re-tested and broken...$17-$18k support is the next to be tested. |
Still on the grind. 3 successful scalping trades so far. 3% here, 3% there, etc. At the end of the day, it all adds up! #Scalping101
|
Raph3177:Exactly! Personally, I wouldn't recommend hodling any token for that long period of time. The crypto market is designed for short to medium term trading. The price volatility is there to be taken advantage of. What some people don't realise is that they can hodl a coin for a year and make 30% profit, while an active trader can make that 30% in a matter of days. Like I keep saying, everyone wants to trade, but not everyone has what it takes to trade. Trading is a profession! |
Scalping just got a little tougher. All day, na so I dey monitor BTC price movement, to know my next move on those tokens that move in the opposite direction of BTC. Let's just say I counter BTC's every move using H4 and lower time frames. Na soft work, but mentally draining! 3.84% so far in the bag for today. Hoping for more... #CryptoTrading
|
nnamdi640: ![]() |
Hotice085:Image one: BTC D1 Image two: (the secret token) D1 Eat your heart out! Keep waiting for awoof signal. You go wait tire! Monkey!
|
Hotice085:I see you're just a waste of space and MB. You obviously have nothing meaningful to contribute. Get thee behind me you motor park tout. Go do what you do best...swearing at passengers as a conductor. You have no business with crypto. Animal! |
Hotice085:So na free tips dey hungry your frustrated life? Get down on your stinking knees and beg properly like a beggar you are. Maybe, just maybe...I could feed your poverty stricken soul with some crumbs. Fool... |
Hotice085:Frustrated soul. You will soon die of HPB ontop someone else's success. I go pepper you die. |
Hotice085:Mtcheeeeew! Stink off! You're a nobody in the grand scheme of things. |
Hotice085:As I broke reach, still...your entire household broke pass me. How about that for abject generational poverty? Stupid! |
elvischukie:There's always a doubting Thomas! Smiling in the sense that the crash isn't affecting you. Not what you're thinking. The way you lot assume and conclude is mind boggling. |
Kingsteve:If you're averse to the volatility of crypto, then you might have to think twice before trading these tokens. They are extremely volatile, and can switch from green to red in milliseconds. But there's a trick to it. You must keep an eye on the price movement of BTC. For every pullback or rebound, it also affects the price movement of these tokens...in the opposite direction. For instance, as BTC is currently on a free fall, these tokens are sky rocketing up, but as soon as there's a small rebound in BTC price, these tokens also make their own pullback. This is the reason why these tokens are recommended for advanced traders. Any miscalculations, a red candle stabs you straight in the face. |
SwayG:Bro, I will say it openly...I will charge a little for that. If I show you the charts, you go know say no be joke. It's an info I'm privileged to have, but unfortunately I won't give it out for free. Just know this, once you have access to these tokens, even if BTC crashes to $1k, you go just dey smile. Oya, let the scam I'd!ots come out in droves to say their usual gibberish. Rubbish set of people! Mtcheeeeeeew! |
Let me give a little insight on how these tokens work. When BTC goes up, they go down. When BTC goes down, they go up! They move in the opposite direction of BTC. For instance, since yesterday BTC has been plummeting, these tokens have been mooning. Wetin person no know, em no know! |
Truthfully, bear market or bull market, advanced traders are still cashing out. If I talk too much, some of the I'd!ots on here would be shouting scam, scam, scam. Instead of you to be calm, and extract enough information you need, you will be busy shouting scam. Just because you're perennial loser doesn't mean it is the same for everyone. Believe me or not, advanced traders have found their safe haven in some select coins. And yes they're all spot trading. Keep shouting scam instead of you to learn. cc: to those it may concern. They know themselves on here. |
emperorventure4:I don't do futures anyway... |
emperorventure4:Is this spot or futures trading? |
kodded:Alright then, if you say so...no wahala. If your strategy works for you, that's all that matters. |
Moloso:Thanks for this! At least someone on here knows exactly what I'm talking about. Thanks for your input! |
kodded:I'm not here to dispute your claims about using it to rake in profits or not! What I just explained to you is borne out of years of trading experience as a scalper/day trader. Scalpers on average make 3% and above, depending on the market psychology, and I must tell you, even those low figures sometimes are hard to come by, especially in a bear market, because of price volatility, which can keep a trader stuck in the market, a bit longer than anticipated if the entry isn't on point. Again, for you to make such claims about your 1% strategy, it means you're a consistent scalper, which is the hardest form of trading. Are you a scalper? If you're not a scalper and still claim that you employ the 1% strategy to hodl for a day or more, I put it to you, you have no idea of what you're saying. This is practical trading we're talking about here, not paper trading or theoretical trading where they make everything sound easy and one-dimensional. As a scalper and day trader, I constantly adjust my market settings in response to the price movements. Your strategy sounds so rigid and one-dimensional. A good and experienced trader reacts to market price for more profitability when prices start moving higher than initially estimated, or less when prices fall sharply than anticipated. My strategy is simple! I do only spot trading. Follow the trend, trade near support areas. For day trading...nothing less than 5% in profit, as the worst case scenario. For scalping...nothing less than 3%. On risk management, I sell at a loss when price falls below the area of support I bought. I sell when the D1 and lower timeframes have all registered red candles, and gradually spilling into D4, I know it's time to cut my loss, irrespective of the drop in percentage change which isn't always on the high side due to buying around support. Even in this bear market, I made 10% today on some select coins that go the opposite direction in price movement from BTC. Again, to be a successful trader, one's account must be able to cushion the market volatility when price goes against you. Trading is deeper than meets the eyes. It's not for everyone, cos it takes a whole lot of brainstorming and analysis to win consistently and decipher the market. |
kodded:So you really think you'll be consistent over a long period of time with your 1% strategy? Do you realise that price fluctuations in crypto are volatile, and can easily swallow 1% and more before 'correcting' and finally going back up? If you employ that 1% strategy, I can bet my bottom dollar that'll you make more losses than profits, simply because you will be easily whipped out of the markets. Pick any coin of your choice and monitor it's daily price movement on the chart, and you will realise how easily 1% can be eradicated. |
1 2 3 4 5 6 7 8 ... 11 12 13 14 15 16 17 18 19 (of 104 pages)





I will be happy if you show me a more profitable strategy over mine that can rake in millions over time thanks