Day Trade Masters (or DTM) can be an incredibly powerful tool to compound gains and rapidly grow your portfolio from anywhere in the world with a wifi connection.
A DTM Trade Setup Was Posted, Now What?
Considering that Approximately $112 billion is traded in cryptocurrency per day, there is no surprise that Day Trading and Swing Trading Strategies are becoming so popular.
When done right, we can consistently see overall portfolio growth hit double or even triple digits in a month, but when done incorrectly Day Trading can be very frustrating. However exciting crypto trading might be, you need to understand that it is a very high-risk venture due to the markets’ volatile nature and the manner in which you carry out Risk Management will make or break your results.
Therefore, you can’t jump into a trade without first establishing some “steps to success”. Having a consistent method can go a long way to you benefitting from working alongside Day Trade Masters:
- – Rebuild the chart on Tradingview
- – Set Alerts and adjust as you go
- – Avoid Fake-Outs
- – Pay particularly close attention to Allocation Size
- – Use Proper Diversification Methods
- – Don’t chase a trade, let them come to you
Without further ado, let’s take a look at six strategies you can use to ease your way around crypto trading.
1. Rebuild the Chart on Tradingview
Charts can be a little intimidating at first, but like all new things you will quickly get the hang of it. For additional assistance, we have prepared additional resources and strategies for you to utilize.
To start, we just use a few different functions and drawing tools:
– Symbol Search
– Find and select the correct trading pair and exchange
– Horizontal Rays
– Quickly lets us pin price points and set alerts
– Templates
– Rapidly set up charts without having to manually change colours, etc.
It will take time to master this, but it will maximize how effective you are and you’ll quickly improve. The results are proven time and again, and this is the best solution for you to be able to live your life without having to be glued to the screen all the time.
We always recommend new users start their journey by taking the HODLNOTS Course, where you’ll quickly accelerate your progress and gain a lifelong skill (and the HODLNATOR indicator!) in the process. As your skills evolve there is the Ultimate Trading Course as well – a Certification Program for Elite Analysts and aspiring Full-Time Traders – but that’ll come later on.
You’ll notice, above, my charts look a little different and this will all come with time. Knowing which trade to pounce on and which to leave to “marinate” a bit longer can be a little tricky at first too, but with our free materials, weekly live trainings, and timely updates for upgraded subscribers, you are in an excellent position to succeed.
2. Set Alerts and Adjust as you Go
🚨 AI/USDT – KUCOIN 🚨
——————————
> Entry Blue Line: 0.00128 / 0.00132
> Sell: 0.00142 / 0.00158 / 0.00172 / 0.00187 / 0.00203
> Stop loss: 0.00116
R/R – 5.8
Allocation Limit (+/- 2%) – $3,000/ $300
(Subject to Change)
✅ Profit: 10.46% – 58.64%
Timeframe: Next Days (2 – 14 Days)
Signal provider: Day Trade Masters
Powered by BitcoinTAF.com
Free Trade Setups are posted once a week and introduce newer users to the concept of Day Trading without having to purchase a 3 months subscription. You can use the Farming or Set & Forget strategies for both Free Trade Setups and the Upgraded Trade Setups that have been as high as TP8 and over 110% profits. Typical time requirements are 2-4 hours per week with our upgraded setups and less than 30 minutes per week with the Free.
Typically we recommend setting alerts for:
– Entry Zone (Once Per Bar or Once Per Bar Close)
– Take Profit Points (TP1 etc on Once Per Bar)
– Stop Loss (Once Per Bar)
3. Avoid Fake-Outs
Waiting for support on Entry can mean the difference between “getting frustrated and taking a break from the desk” and “enjoying life until the trade proves direction and hopping in for easy profits”. Not Financial Advice, just speaking from experience.
Entering too early without knowing exactly what you’re looking for can result in a Loss, in this case -9.47%
Whereas waiting for Support on Entry can have the opposite experience (+10.46% profit). know exactly when the candle closes based upon the timer on the right hand side of the screen and can put in an allocation with a Market Order, immediately followed by a Stop-Limit.
4. Pay Particular Attention to Allocation Size
Allocation Limit (+/- 2%) – $3,000/ $300
(Subject to Change)
Allocation Limit simply means the amount of USD that will push the price + or – 2%. These figures can be verified on CoinGecko and searching the coin, AI or Multiverse in this instance.
It’s good practice to verify allocation limit with every trade setup as it fluctuates in real time and regularly changes. Then just scroll to the bottom and you’ll see the stats on each exchange that the coin is listed on.
5. Use Proper Diversification Methods
There is only so much attention we can apply in so many directions before we start impacting our results. That’s when first starting out, we recommend sticking to just 3 trade setups at one time. Once you grow more accustomed to managing 3, you can step it up to 5 active trades at one time as any more than this becomes very difficult to maximize the profits on each trade using our different strategies mentioned HERE.
As your skills evolve as a Day Trader there will be more advanced methods to enhance your results and more time-saving strategies on this covered in The Ultimate Day Trading Course
6. Don’t Chase a Trade, Let Them Come to You
We put out on average 8-10 Trade Setups per week, so there’s always more opportunity to make profits. Set up your charts, set up the alerts and go about your day – sometimes the best trade is the one that you DON”T make 😉
We hope that you’ve enjoyed our 6 step strategy to maximising your profits with Day Trade Masters.
We can help you fix any bad habits while positioning for long-term success with the biggest opportunity of our lifetime.
Let’s succeed together!
The DTM Team
