Introduction/Life story of a failed- successful- failed- successful trader
Let me introduce myself,
My name is Sam, I began trading around the age of 21 in the Forex market and quickly became extremely fond of technical data analysis. I quickly began picking up signals inside the charts and using various indicators which I then integrated with risk management techniques to create a complete strategic method of entering and exiting trades in the Forex markets. Although I loved trading the FX markets something was missing and stress began to decrease my consistency.
I decided to take a look into the US equities markets and again, rapidly started to find signals in the data. The one that stuck used only volume and candle charts. A massively simplified strategy. The signal soon became a huge money maker and with the massively decreased levels of stress, I decided to share the strategy and trading signals in an online trading room I set up with the help of a business savvy friend. The trading room was an immediate hit, Reaching 30 subscribers in just over one month, and 60 by the second. A new partnership with a Prop-fund allowed us to leverage the fund and manage it as our own as a white label affiliate which boosted income 5 fold almost over night!
It seemed I was on my way to reaching my dreams of complete financial freedom and my group were making more than ever!
Mid June 2015, on an extremely high volume trading day. We had called out a trade the evening before. A new member had decided to hit it ALL IN and hold over night. While this was extremely ill-advised, he woke up the following day to the tune of $24,000 in profits. This was just a normal guy, he had put his $1000 savings into the markets trying to ''get rich quick'' (an attitude we were very against!). Had the situation been slightly different, he would have been.
Unfortunately that's where things went sour. The fund that we had been affiliating with as a white label affiliate decided to declare they had halted trading on the stock at the time we bought it. This was a lie, and they did this because so many of my members had made so much money from the trade. The whole groups profits on this trade were waived by the fund and It was up to me to inform my members that the collective $240,000 we had all made on this trade over night, would not be paid out due to the fund claiming ''Halted trading''. They had been robbed, and with my name on the white label it was me that took the wrap.
Word quickly spread and within days my member-base had fallen apart. An NDA I had previously signed to join as a white label meant I could never share the truth to my members, I just had to let them assume It was me.
Time for a break(down)?
A year away from trading and I came back to the charts to the INSANE new world of Crypto-Trading and new coins were coming out every day. Needless to say I was buzzing! I Got a new PC and got straight back to the charts and began using all I had learnt in technical and fundamental analysis to start trading the Crypto markets.
Here we are then, pushing forward.
I look extremely forward to creating some informative, highly useful posts on various trading strategies and technical analysis for Crypto-coins and Equities and if there is anything you would like to learn in these fields just ask and I will help. It would be a timeless skill to learn in this lifetime and I'm here to share the love.
If there are Coins/stocks you wish to see professionally analysed, don't hesitate to message me and ill write up a post.
I was never one to give up ;)
I came over to say hello.
Kudos for you for leveraging your strategy out to benefit others and grow your product. Have you found the same signals work in the crypto space?
I've been the best part of two months looking for a workable back tested strategy that fits, kind of difficult with relatively scant amount of historical data and such a volatile environment.
Looking forward to your posts here!
Are you on any trading chat channels (Discord, steemchat, telegram....)
Im mostly just on here, and also twitter @crytopiacomm . Ill be sharing a strategy very soon to use in US equities and Crypto's. Its based on volume and candlestick charts and its extremely simple. We also use various original chart patterns as you can see in my analysis posts :)
We keep it simple, i cant stand all these hugely complex patterns i keep seeing in peoples ''Professional analyst blogs'' All they really do is make the analyst feel smart and they look good to newbies so people follow it thinking theyre following the genius. Fact is its very unlikely anyone can use these ''pretty'' patterns to profit its just confusing! Stress and intense daily analysis will lead to nothing but a fuzzy head, money loss, and ultimately an early heart attack :P
Nice blog. Following.
Thanks buddy :) Still got plenty of articles to publish regarding strategies etc. Stay posted ;)
Following, I have been watching bitcoin go from 19k down to were it is now at 11k, thanks for the share, Good post.
Thanks a lot! Theres something about BTC I don't like. Ive been trading it for some time I just don't agree that its worth what the charts say. There's so many Alt's doing all the things BTC promised in their early stages and for that reason my money is with the companies changing the future :)
Its my thought that its just a big cash cow in a big bubble and that bubble has a lot more growth to come before it pops so for now, ride the wave ;)
Yes your right, the markets are very volatile, and as you will know since I last commented I have seen its been down to 10k.. there are quite a few other on the market too as you rightly mentioned, but you always have to take the ups with the downs :-) no pun intended. well maybe it was. :-)
Yeh i think its going to see $7500 tbh, maybe lower. But im actually done speculating such a highly manipulated piece of. Yeh :P
Absolutely loving your page btw! Very nicely done :)
Thanks pal for your kind words keep dropping by as i will be on yours.
and when you said ( highly manipulated piece ) ever heard the expression HIT THE NAIL ON THE HEAD ;-)
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Hey mate, just given you a follow. Will be interesting to hear what a guy with so much experience trading has to say, always trying to learn more about TA. Did you enjoy FOREX trading? It's something I've been looking at getting into sometime.
As you are interested in cryptocurrency, my blog is going to do an overview series of the top 100 coins and it'd be great if you could give me a follow... I've just released my second post on Ethereum but I've got many more to come!
Hope you have a nice day :)
@nathan290595
Followed mate. If the interests we share can connect with each other, we ultimately become one big brain (as long as the information is true). If your interested in TA i will be constantly posting TA on Crypto's. not only the ones im trading but those requested from followers will also be covered. These posts will become more and more consistent but I WILL NOT post crap. If nothing is going on in the markets I wont post. Forex for me was like grade school. You learn the basics but something bigger was waiting and i could feel that. Forex markets are noisy, and believe it or not quite heavily manipulated. Stocks and crypto's are too -as you can read in my article about manipulation- but with stocks and Crypto's the signals for such moves are much more prominent and easier to read.
Theres quite a bit I can show you about the strategies we use to enter stocks and crypto trades and i will be posting these strategies ASAP for you all to read! I keep seeing really intensive and frankly USELESS analysis online that is so confusing, and the end result of such strategies is failure and frustration. They look good and pretty and colourful on the charts but that doesnt make them winners! Unfortunately thats what beginners eyes are drawn to (mine included in the beginning) colourful jazzy charts with crazy lines and arrows everywhere.
In reality trading any financial market has to be as stress regulated as possible and that starts with simplifying your entry and exit, and also your daily technical analysis. If you have to plot 5 mathematically correct points on a chart to get a pattern that wins 60%-70% of the time your destroying your chances of making money from the get-go. and thats if you get them all the points right :P
SIMPLIFY is the only route and thats what ive been working on for the past years in trading. Simple analysis, simple entry, simple exit, simple profit, simple life :)
As for Forex, I have stepped away from it permanently but the knowledge remains!
Thanks for your message, im following and i will check out some of your material. I hope my future articles can help you ease into the world of simplified TA and trading as a whole :)
Following you, I like the idea of simplicity & actually researching the coins first. The article on Whale manipulation was an eye opener for me.
Thanks
Im really glad to have helped. Plenty more to come ;)