Read on Twitter
2/ FAQ1: How to trade this move on #PEPE?
Me: Don't trade individual coins. Trade portfolio of strategies and coins.
FAQ2: What if I want to trade a Meme Coin anyway?
Me: Don't trade individual coins. Trade portfolio of strategies and coins.
FAQ2: What if I want to trade a Meme Coin anyway?
3/ This question is STILL quite common.
A lot of novice traders don't get it and are still trying to catch a lucky break on some new trending coin.
If I had to, how would I trade them?
Breakout strategies are my solution...
A lot of novice traders don't get it and are still trying to catch a lucky break on some new trending coin.
If I had to, how would I trade them?
Breakout strategies are my solution...
4/ The assumption is as follows:
- You want to trade a given coin because you expect a strong move.
- These movements are very fast.
- Often they last only a few days, sometimes hours.
Conclusion:
Such a move always starts with a breakout to the upside.
- You want to trade a given coin because you expect a strong move.
- These movements are very fast.
- Often they last only a few days, sometimes hours.
Conclusion:
Such a move always starts with a breakout to the upside.
5/ Don't forget one thing:
On these small coins, a pump is almost always followed by a dump.
What does that mean?
Exit is very important.
You don't buy these coins to hold for the long term.
On these small coins, a pump is almost always followed by a dump.
What does that mean?
Exit is very important.
You don't buy these coins to hold for the long term.
6/ In these types of trades, it is better to collect profits faster.
There is no problem to reenter when the breakout continues.
There is no problem to reenter when the breakout continues.
7/ Check out the beloved #PEPE.
At the strong UP move you've been trading and catching one new breakout after another.
At the moment of the DOWN move you are out of the market.
At the strong UP move you've been trading and catching one new breakout after another.
At the moment of the DOWN move you are out of the market.
8/ So what are the specific rules?
Entry: Break of the highest high in the last 30 bars.
Exit: After 3 bars.
Once you exit the trade, you wait for a breakout of the highest high in the last 30 bars again.
You repeat until the market grows.
Entry: Break of the highest high in the last 30 bars.
Exit: After 3 bars.
Once you exit the trade, you wait for a breakout of the highest high in the last 30 bars again.
You repeat until the market grows.
9/ That's the whole strategy. Simple. Extremely effective in strong breakouts.
On which time frame to trade?
On new coins I would focus on 1-hour or 4-hour time frames.
On established coins that have a longer history than 30 days I would trade on daily time frame.
On which time frame to trade?
On new coins I would focus on 1-hour or 4-hour time frames.
On established coins that have a longer history than 30 days I would trade on daily time frame.
13/ You can see the results for yourself.
If you really have to try your luck with individual coins, this is an interesting approach.
If you really have to try your luck with individual coins, this is an interesting approach.
14/ The worst option is to buy because someone tweeted it.
Keep in mind that the vast majority of coins will die!
Breakouts will only let you in a trade if there is some growth action.
Be smarter than the losing majority!
Keep in mind that the vast majority of coins will die!
Breakouts will only let you in a trade if there is some growth action.
Be smarter than the losing majority!
15/ I've described this strategy before. It works interestingly on other coins as well.
If you want the complete Pine Script in Tradingview just DM me "Breakouts" and I'll send it to you.
If you want the complete Pine Script in Tradingview just DM me "Breakouts" and I'll send it to you.
16/ If you found the thread useful, please retweet the first tweet.
I would like people to stop wasting money on stupid trading tips...
Thank you.
I would like people to stop wasting money on stupid trading tips...
Thank you.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
