Intro to Trading - 3 Module Bundle Video 2 of 3 Flashcards Preview

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Flashcards in Intro to Trading - 3 Module Bundle Video 2 of 3 Deck (16)
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1

Inverted head and shoulders have been very success in crypto trading on what time charts?

1 hour - 4 hours

 

2

What 3 crypto currency market capitalization charts should you keep track of regularly?

Coinmarketcap.com>market cap Total market capitalization Total market capitalization (excluding bitcoin) Percentage of total market capitalization (dominance) These show where the buying volumes are going overall

3

What is a trading "structure"?

A big picture buying up and selling off

4

Find coins that have good company fundamentals. What is a company with good fundamentals.

Ones that create a coin that solves a problem and have money flow into them. They have cash flow, good publicity, overall a good company and great product (crypto coin)

 

These companies are solid and stable. Good to look for bullish structures. Example of future structures will look like these over time.

5

What is the difference between trading $1000 to the peak of a structure or day trading $1000 to the structure peak?

Difference between $200,000 to $1,200,000. Daytrading gains are compounded exponentially. It's called having a layered position. This is what cash flow is.

6

Can you win 2 out of ten trades and make millions?

Yes

If a trader was to make 10 trades

he were to WIN 3 @100%-200%

LOOSE 7 but keep losses at 20%-30%

 

450% win

-140% lose

=310%gain

7

What percentage does a New York hedge fund trader win?

35%       67%      88%

35%

8

A million dollar trader does not typically put 3-5% of their portfolio on how many trades?

1

9

The bulk of the crypto currency investments should be into the core coins. Jay's favorite for right now are?

Bitcoin

Litecoin

Ethereum

10

If you do these things right by 2018 we should have 50 btc?

Money Management and Risk Reward

11

What kind of trader is Jay?

Volume and Elliot Wave Trader

12

 What is the larger market cap category for coins?

$500,000,000

13

What equation is used in cryptotrading?

(Market Cap/Coin Count) + Project

 

Project is how big of a problem they are solving and how good the company is.

14

What is vital to money management?

Entry point

15

What does draw down mean in trading?

Distance of price you are down from entry price.

16