Beginners Guide To Your First Crypto Trade and Stop Loss (Only Video You Will Need...)
Published: 2021-11-04
Status:
Available
|
Analyzed
Published: 2021-11-04
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker entered a trade for MANA at approximately $2.87.
"I'm going to enter m-a-n-a right here around the 2.87 mark"
Pending
The speaker describes the process of initiating a trade for MANA on the Coinbase Pro platform, including selecting the market.
"I'm going to enter m-a-n-a right here around the 2.87 mark so if that was the case i would come over here to coinbase pro obviously the first step is to make a coinbase pro platform after you've done this this is what you will see you would go here to select the market you want to trade you would just type in m-a-n-a"
Pending
To risk a specific amount on a trade, the speaker calculates the number of MANA coins needed by multiplying the desired risk by the current price, which was $2.87 at the time of this calculation.
"if we need to have 217 of these coins then all we really need is to multiply this by the current price of the coin when we're going to buy it right now that's 2.87"
Pending
For a $200 risk on a MANA trade, $623 worth of the coin needed to be purchased to accommodate the stop-loss.
"you would need to purchase 623 dollars worth of this coin in order for that stop loss to be equal to 200 bucks"
Pending
The stop price for the MANA trade was set at $1.99 on Coinbase.
"i set my stop price over here on coinbase to 1.99"
Pending
For a buy trade stop-loss, the limit price was set at $1.989, which is one decimal point below the stop price of $1.99.
"i'm gonna go 1.989 one decimal below my actual stop price"
Pending
The speaker reiterates that for a buy trade stop-loss, the stop price should be $1.99 and the limit price $1.989.
"my stop-loss needs to be set up with 1.99 as my stop price and a number lower than that always do one decimal point lower like 1.989 as the limit price"
Pending
The speaker confirmed that MANA was purchased and the stop-loss was successfully placed.
"i have purchased m-a-n-a and i have my stop-loss placed and ready to go"
Pending
The speaker has a long-term investment strategy for cryptocurrencies, investing $2,000 weekly for approximately eight months.
"i have a long-term investment account that i do buy and hold cryptocurrencies on i put a certain amount into a few different crypto cryptocurrencies every single week every single week that passes and i've been doing it for about eight months now every single week that passes i have two thousand dollars that i put into a long-term investment account for cryptocurrencies"
Pending
The speaker plans to release a 'Crypto Report' program soon if there is sufficient interest.
"i have if i have enough interest in this then it's a program i will be releasing soon"
Pending
Interested individuals can sign up via a link to be alerted about the potential release of the 'Crypto Report'.
"if that's something you think you would want to be a part of then go ahead and go to the link on the screen and there's also a link in the description where you can sign up to be alerted if i do end up coming out with the crypto report"
Pending
The 'Crypto Report' will include weekly videos detailing cryptocurrencies the speaker is watching, relevant zones, and trading plans.
"i will be sending you a video every week of the cryptocurrencies i'm paying attention to the zones i'm paying attention to and how i plan to trade those throughout the week"
Pending