Book Image

Zero to Hero in Cryptocurrency Trading

By : Bogdan Vaida
Book Image

Zero to Hero in Cryptocurrency Trading

By: Bogdan Vaida

Overview of this book

In today's fast-paced digital age, cryptocurrencies have emerged as a revolutionary financial asset class, capturing the attention of investors and traders worldwide. However, navigating the world of cryptocurrency trading can be overwhelming for beginners. Zero to Hero in Cryptocurrency Trading acts as a guiding light to navigate this complex realm. This comprehensive guide to cryptocurrency trading empowers you to go from a novice trader to a proficient investor by helping you implement your own trading strategy. As you progress, you’ll gain structured trading knowledge through hands-on examples and real-time scenarios, bolstered by trading psychology and money management techniques. You’ll be able to automate your manual trades with an algorithm that works even while you sleep. You’ll also benefit from interactive teaching methods, including screenshots, charts, and drawings to help decode market operations and craft your unique edge in the dynamic crypto world. As an added bonus, you’ll receive ready-to-use templates to identify useful indicators, test your strategy, and even maintain a trading journal. By the end of this book, you’ll be well-equipped to trade cryptocurrencies and automate manual trading to give you an edge in the markets.
Table of Contents (13 chapters)
9
Chapter 9: What’s Next?

Final results

The total profit was $202.48 (8.03+59.83+149.62+99.78-34.41+49.32+67.07-4.44-17.40-32.65+ 126.64+49.32-25.99+69.34-6.27-14.25-6.26-12.84-32.76-107.32-62.8-46.16-62.19+30.11-40.84).

The win rate was 38.46% (10 won, 15 lost, and I didn’t catch a trade).

We began with an initial capital of $10,000, and over the course of 21 days of trading, we achieved a 2% increase in our overall capital.

Here are some final notes regarding my month of trading:

  • I haven’t used leverage here, and I also didn’t use compounding. I also had only 24 trades, even though I usually have around 67 trades a month. The added trades, the leverage, and the compounding would increase the wins (as well as the risk).
  • Regarding the low win rate, it’s worth mentioning that I intentionally opted for riskier trades in this chapter to showcase different perspectives and angles. I believe that taking calculated risks can provide valuable learning experiences, even...