HOW TO START CRYPTO TRADING (beginer 100xprofit) ANALYS FINANCE

I'm going to share 3 of the Best Strategies for Day Trading in 2024 so that even as a Beginner, you'll be able to follow trends and work towards your first $5-10k months. This is a mini course to get you started with trading trends and I'll take you form the basics to the more advanced strategies.

live cryptocurrency trading video where a trader aims to profit $7,806 by risking $1,000 using a 10x strategy. The strategy involves analyzing charts on TradingView to identify trends, fair value gaps, and critical levels, then entering trades with leverage on a cryptocurrency exchange. The trader uses a multi-monitor setup and a trade journal to log data, managing risk by moving stop losses to break even once a trade becomes profitable and aiming to let winners run.
Trading strategy and process
Analysis: The trader uses TradingView to analyze charts, focusing on Elliot wave theory and other technical indicators to identify the trend direction.
Entry points: Entries are planned based on high-probability areas, such as the midpoint of fair value gaps, and on the breakdown or retest of critical levels.
Risk management: A key component is managing risk by setting a stop loss at the beginning of a trade. Once a trade moves in the desired direction, the stop loss is moved to break even to ensure the trade cannot result in a loss.
Trade execution: A separate monitor is used for the exchange to place trades, and a trade journal is used to log all information and track progress.
Leverage: The "10x strategy" refers to using 10x leverage, which means controlling $1,000 worth of assets with only $100 in collateral, to amplify potential profits (and losses). In the context of the title, the trader is risking a total of $1,000.
Video's demonstrated trades
The video shows the trader analyzing Bitcoin and Solana, identifying a potential downward move, and opening a short position.
The trader successfully moves the stop loss to break even and continues to manage the trade as the price moves down.
The trader later identifies an upside breakout and enters a long position, managing risk by moving the stop loss to contain potential losses.
Ultimately, the trader closes both positions, securing a net profit of over $4,200 from the trades.
Key takeaways
Discipline: The trader emphasizes the importance of discipline, not taking profits too early, and allowing winning trades to run.
Strategy: A structured approach combining technical analysis with risk management is central to the strategy.
Risk: A "10x strategy" is high-risk, and the video demonstrates how leverage can amplify both profits and losses.