“Trading Crypto to the Moon” Episode 1: Interview with Paranoid

Join us monthly, as we launch the Trading Crypto to the Moon series, where we interview the best crypto traders and share their insights and trading tips. Get to know what makes these traders extremely successful and how they got there, but more importantly, use this practical knowledge to learn from and copy-trade their success on Aluna Social.

We want to demonstrate that the “proof is in the pudding” and that you too can improve your crypto trading skills when you have the right tools. Combine the wisdom you’ll gain from the trading crypto interview with Aluna’s transparent trading data and social insights, and make better-informed trading decisions.

To kick off the Trading Crypto to the Moon series, it is our pleasure to introduce Aluna’s most copied and top-performing trader @paranoid. As of today, Paranoid has a 90% win rate on over 200 shared positions!

Now let’s get to the interview….

I have been active in the stock market for over 20 years now, initially starting when the German Post started trading on the DAX in 2000. I bought some shares but ended up selling them at a loss, and so I stayed away from the markets and did nothing for a while. Then I got into CFD trading on micro and nano lot accounts where I was able to trade stocks, forex, indices, and metals with small amounts. In 2016–2017 I got into cryptocurrencies and fully participated in the market as it reached all-time highs.

Currently, I’m mainly trading cryptocurrencies. But I also have open positions in indices, forex, and metals which I will be liquidating or potentially trading into synthetic assets.

Crypto comprises approximately 60–70% of my portfolio and will continue so until the end of the year. Thereafter it will be significantly less.

In the beginning, it was all LTC. The profits were then exchanged into BTC as a value storage. My trading strategy is based on buying low, and selling off (taking profits) on the way up. I try to close the trades completely every quarter, and start over.

Normally I don’t risk more than 1–10% per trade, as I learned from my mistakes. I sometimes risk up to 30% which would still be in the framework of “50% risk should never be reached.”

My goal is to buy a camper van or a city van for myself. I want to travel and see the world and be able to work on the road.

Do not risk more than you can afford to lose.

Instead of shorting the market, let the profits from USD sit. HODL coins, and sell a small amount at a time.

To learn more about Paranoid or to copy-trade him, visit Paranoid’s Aluna Social profile.

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