How (and why) to define your BTC cryptocurrency trades VST ST IT or LT to make money

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Sure, it’s impressive to read the trader’s post on Reddit bragging about turning $300 into $50,000 trading crypto in a year.  Bitcoin’s skyrocketing – maybe it could be you next?

It happens, but the odds are overwhelming that it won’t happen to you.

So if you’re like the rest of us in the real world who seem to always “just miss” that home run trade, cryptopatterns is here to show you how you can make real money trading cryptocurrency.  It may not be reddit worthy, but it can pay the bills and definitely beats joining the 90% of traders who funded that annoying trader’s $47,700 in profits.

Making money trading crypto for years

For some additional useful reading check this post out:

5 Steps AND REAL TIME TRADE SET UP to profit trading (and losing) in BTC Cryptocurrency now

Part 1: Define your trade 

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Some additional notes about this table:

  1. What you’re thinking is more key than the investment itself!  You might just think you’re investing $1000, but if you need the $1000 next week to pay your credit card, that’s a whole lot different than investing the $1000 to start a retirement plan.  Same $1000–very different definitions for the trade, get it?
  2. The more you invest, the stronger the case needed.  This is where most of the money is lost by traders.  Jumping into insanely high risk trades without really believing in the outcome– hoping rarely works out well.  If you are a cryptopatterns subscriber you have seen just how much information can be used to “build your case” and get probabilities on your side before you invest.   How much information most traders have no clue about.
  3. The more you invest, the more you want time (and probabilities) on your side. Look, everyone would love to be a professional gambler if they could gamble full time and make huge money. Do you really think that’s how your trading efforts are going to work out?  Will everyone be right and get rich trading?  How about proving you can make ANY money trading for a few years before you go all Phil Ivey on us?  Make your biggest trades/investments the ones you can truly sleep at night holding knowing you’ve assessed the risk, defined your trade and probabilites are clearly on your side.
  4. Don’t trade without defining risk as VST ST IT or LT  Unless you’ve CONSISTTENTLY turned $300 into $50000, now is a good time to build a long-term trading plan that can work for years in the real world of cryptocurrency trading if you are serious about putting probabilities on your side.
  5. Subscribe to cryptopatterns newsletter.  We’re the voice of reason and real world trading education.  We teach you how to win and lose, be consistently profitable with good returns (great vs most investments) and, most importantly, stay safe and stay in the game.  cryptopatterns newsletter is definitely the place to be for everyone who doesn’t routinely turn $300 into $50000 trading cryptocurrency.

PART 2 Position Management Strategy coming soon……

 

This site is for informational and entertainment purposes only and not in any way intended to be investment or trading advice.  You are 100% responsible for your financial decisions at all times.  It is highly recommended you DO NOT  make any investment or trading decisions depending upon what you read on this blog/newsletter!  All information presented (c) 2017 JBP cons, inc.  All rights reserved.

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