crypto - Quickfingers Luc: position trading

crypto - Quickfingers Luc: position trading

Basic principles of Quickfingers Luc for ‘safe’ position trades


1. 1st thing, you should always expect that something could go wrong with a trade and therefor you always size your entry so that it wouldn't hurt you too bad. Buy no more than 25% of your account in one position.
2. Look at the chart based on 1 hour candle charts.
3. Then look at what the charts have done for a period of one or months at least, does the chart respect bases in general? Major bases only count if they are visible and if there's a major drop to them.
4. Look for psychological levels as well as chart levels
5. Mark how long the spike and the crack typically was, so you could predict future base lines and how long the drop will be below base lines.
6. If the bounces are getting smaller and smaller and coin is going down the chances are u wont get a good bounce.
7. Find the base/support on 2 drops. Draw your support/bases at the bottom of the big bounces and set up alert at the base.
8. Keep your bases current. No need to go a month or two back to look for areas of support.
9. Make sure if there are enough buyers in the market. Is there enough trading volume to make it really bounce?
10. Buy the dips that rebound, you're looking for an argument where people disagree about a price.
11. When the alert goes off and the second base starts to crack check the news on that coin. Is the drop caused buy huge life altering news that will change the coin forever or is it just market movements?
12. Set several buy orders, not exactly on the base but well below the base. (Hatsefrats: first one at least 10% below the base).
13. Buy layered, not all at once.
14. When your layered buys start to make profit you start to sell layered. You’re in profit!  So let’s get that money and safeguard some profit in case things work out differently.


Long term trading
I want to leave 50% of my profits to trade and grow the amount I can trade at a time then invest the other 50% for the long term. Thats why you have to collect some of these coins and keep them.. trade them now and make some profit but keep some stored away with your profits, so that you can enjoy the ride up, when things change..

if your investment grows like crazy, for example 10x, if you get nervous and want to take profit then every time you get nervous take 30% of your profit out, that way you will stay in the game but feel that your profit is partially protected.