[Acid Trades] Introduction and strategy by acidyo

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· @acidyo ·
$9.55
[Acid Trades] Introduction and strategy
Hey everyone.

So this is going to be the post where I will explain my strategy with my trades and goal. I decided to only trade with my own coins as to not get into any legal troubles no matter the amount and who knows how much I'll end up making (or losing :P) and just so everyone is aware (disclaimer) this is not financial advise, it's just me trading and being open about what trades I will do, what coins I will trade and invest in and why.

My goal is to start small, once I get to a considerable amount that I'm not comfortable with having on exchanges the goal will be to turn all profits after that amount back into Steem.

Coins I will be looking at the most are going to be coins that are unique, have a unique goal long term, something that's not just "lol let's put this on the blockchain" but something that actually needs a blockchain. Other than that we will also be looking at volumes and past performances in volume. The more volume coins have on legitimate exchanges such as Binance the higher the demand is for them, although these things are easy and cheap to fake there are some coins I trust and believe will do well in the near future.

Since this is going to be an investment and trading I will naturally only be trading coins that I believe will appreciate in value over time. The trades in question will be rather small where not a big portion of the whole investment will be traded with, this is in case some of them decide to go up a lot in this year we won't have sold the majority of them at the earliest movement and can decide what to do and how much to sell once it's made higher highs.

I will be documenting everything in my Steem posts and I think being open about this will not only let others follow my trades and execute them at the same time, but it will also garner some trust of my readers that I'm not just talking out of my ass and prove that I'm actually investing in these myself. 

I will also be letting my readers know about my sell orders, although the exact price will not be made public as to avoid front-runners (if I place a Steem sell at 1980 and someone front-runs me at 1979 for instance) but I'll give you a ball park and once that trade is executed I will document it with screenshots/videos as proof.

The strategy will be to be invested in many altcoins that have potential and often tend to move up and down consistently. We will mostly be trading with 5-25% of the whole investment at a time and once profit is taken we will place buy orders back lower into these currencies or into others in our portfolio that have yet to go up in value or those that have gone down since our initial buy in to lower the average buy in price.

I think this is going to be a fun experiment and something that my followers have been asking for some time. This post is just to give you a small preview of my strategy, in the next one I am going to be talking about which coins I will be investing in and why so stay tuned for that. Shortly after that we will start entering positions into these currencies, maybe I'll do that after talking about a specific coin and giving out more info as to why I chose that one.

Let me know if you'd like me to do more extensive posts about each coin I will be investing in or if you just want me to mention it and enter a buy position or order when talking about it. Not all coins will have well thoughtout and researched content - some of them will be about the volume and general past performance/goals/team/history about them.

Cya in the next post. :)

___

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šŸ‘Ž  , , , ,
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@anouk.nox ·
$0.08
Cool! Defo gonna try to follow this, maybe I can learn something from it :)

Ps:

![](https://cdn.steemitimages.com/DQmcgASu9ze7E18VMuHqP64vJUEKb6KYQGBeq1i1tehNZ1Y/image.png)
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@acidyo ·
Would you be interested in a short tutorial as well?
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@anouk.nox ·
Are you kidding me? I love tutorials :) haha (no joke!)
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@firefly2020 · (edited)
$0.08
Thanks for the enlightenment. Honesty, I need this so badly in my life right now, lol. I'll be glad to know what coins to trade and invesr in as well how you go about trading (buying and selling) them in your next post. Thank you once again.
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@gniksivart ·
Definitely looking forward to this!
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@tts ·
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/acidyo__acid-trades-introduction-and-strategy.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
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@tarazkp ·
Sounds like a great opportunity to learn about various trading strategies and take part at a practical level. Will be following along and jumping in when I can :)
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@slobberchops ·
Good luck, what platform or exchange do you intend to use? 

I have only lost when tried in the past, so Iā€™m reluctant to invest more.

As most coins follow BTC, it all depends where that is when you start.

Posted using [Partiko iOS](https://partiko.app/referral/slobberchops)
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@yonnathang ·
I'm sure this initiative will be somewhat entertaining.

I look forward to learning more about this buy and sell thing. Especially if the recommendation comes from people with good experience in this.

Happy New Year 2020! :)
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@lordneroo · (edited)
Sounds like a very interesting series of posts is on the way, I will be following this no doubt. Cheers man.
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@lunaticpandora ·
I could try to follow as well and have some fun but how many exchanges will you be using? I use mostly Binance and used to use Bittrex but they sort of banned me there.
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@phgnomo ·
Be careful, because day trade/swing trade is... tricky.

I see you are thinking about trading based on fundaments, but this is kind of hard do do short-term trades based on this.

Fundaments are used for long term (1-10 years) trading/investment.

Short term, I suggest technical analysis. But there is also a catch here... You need a lot of study time to actually understand how technical indicators work and actually be effective in using them. So, be careful with that "magical indicator", specially with cryptos. Cryptos don't have a lot of historic data to be sure that an indicator will work with them.

I suggest you start at www.investopedia.com. It is a great source of information about anything related to trading.

Another suggestion I wrote about in the past:

- Great book to read about financial markets: https://steemit.com/money/@phgnomo/tpp-the-quest-for-formal-education-books
- Moving averages strategy - https://steemit.com/trade/@phgnomo/trading-strategy-exponential-moving-average-cross
- Moving averages as supports - https://steemit.com/trading/@phgnomo/trading-strategy-moving-averages-as-support-for-entry-points

These are very basic strategies, but I think I will start writing again about trading this year...

Hope this help.

And forget about news. When the news is published, its impact is already translated on the price.

I like your risk management though. It's a smart thing to do, not risk too much in trading. Good risk management is what separate the successful trades from the losers.

Anyway, good luck on your endeavor. I wish you to have profit and learn a lot along the way.

Posted using [Partiko Android](https://partiko.app/referral/phgnomo)
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@lordbutterfly ·
I will say that i think its a really bad idea. You cant win a rigged game, all you can do is maybe have a lucky guess. 
Youre never really trading against project quality or legit market movement. 
Youre trading against wash trading exchanges, vs fake volume and market manipulation,  corruption and paid shills. 
I mean we forgot about it being here for long but the crypto market is one of the most manipulated, if not the most manipulated market out there. 

I dont think you can trade crypto and not lose eventually, best thing we can do is hodl what we believe in. 

That being said, itl be fun to see where you end up spinning the roulette wheel.  lol. :D
So good luck. May Lady Luck fancy you.

![](https://cdn.steemitimages.com/DQmXJ2DrsSvfbK7KWWsG2FkUaoewXrtnDhjHkxcGHfAPGa9/image.png)

yikes...
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@thatkidsblack ·
$0.10
It's funny you mention this, I recently took some initiative to record and track my investments to maintain an active portfolio. I am also spreading my humble wealth across altcoins to diversify my risk and expose myself to greater gains. The qualitative stuff as well as some quantitative would be excellent stuff to exchange about; I have some resources. I'd tune in via pre-recorded video or stream, it could be cool engagement for people around here. You know I'd tune in. Happy New Year, as well. Taking the time to record your efforts is a nice approach, rather than just making efforts to record. I had the two mixed for a while, but it's not too late to change, right?
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