“Trading Crypto to the Moon” Episode 4: Interview with Gorankit

Trading Crypto to the Moon AMA Recap

  1. Please introduce yourself & your background. What do you do for a living?
  1. @PhilakoneCrypto: It was a game changer for me in 2017 when he had just a handful of followers and he used to post live trades with elliott wave count of what he is trading. I got to see theory getting applied in a real time environment and that point was my turning point. Nowadays he doesn’t post what he used to post but I will still pick him for learning.
  2. @_SMFX_ : He is a guy with great accuracy, I don’t trade his trading techniques but I am inspired and willing to learn his price action techniques. Also available on youtube.
  3. @Tradermayne: He is a price action trader, Tweets his charts / Makes Youtube videos/ Available on discord. Everything free, Good to deep into price action theory.
  1. Trading based on Indicators
  2. Trading based on price action
  3. Trading based on Elliot waves
  • One common mistake that every new trader makes is trying to make money by following a signals group and tips. Trust me, ask anyone who is trading for a long time and literally no one has success doing it.
  • People with a large follower base are not necessarily good traders. Eventually, I came to realize that people with many followers are good marketing people and may not be good traders.
  • Don’t rush for one single big gain. Remember 1% a day for a year cumulative makes 3800% in a year. In trading, consistency is key.
  • As a trader every person’s time rises and falls. Identify times when you have lost rhythm from the market and survive bad times by reducing trading capital/position size and use good times efficiently.
  • Literally no trader always knows what the market will do next, it’s just that good traders take trades only when they know what the market is about to do and they are profitable over time.
  • Follow me on Twitter on @BTC_engineer with notifications on. I post only occasionally, but if I post there chances are good that I will be right there. I have a good history of correctly calling major market tops.

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