Trade Better Bigger Smarter

Hey Everyone,

We all love crypto community because it has something for everyone. If you are an entrepreneur who wants to use Crypto space for a specific use case or if you are financial investor who wants to make some quick money out of it, Crypto community doesn't disappoint anyone of us.

UNLESS!! You are one of those traders who would get too greedy or too emotional of their calls and would lose it all. It takes days to move your portfolio in positive direction but only couple of hours and 1 bad position to ruin it all. If you think you are one in the need, go ahead and read till the end.

This post is for those traders who remain in hunt of a person or organization they can follow and mirror their trades to successfully trade and to keep moving their portfolio in crypto exchanges.

Crypto trading is an art

Yes!! that is correct, its an art. And you can become a great artist in this if you spend good amount of time, keeping an eye on trends, charts, patterns and well of-course an eye on events happening for all the tokens and coins out there in the market.

Isn't that a lot of work to do, if you already have a full time job or family or a better half to look after or to give enough time to. I was in the same situation where I would make some money and lose some again, because I had a regular office(9-5) to pay attention to. And due to which I would never be able to spend enough time on charts and patterns.

And then I started to look for channels, that provide you signals and you can just put your positions and trades based on the entries and exits given by them. After doing great amount of research and spending money with a lot of crappy and decent channels, I could conclude following few things about crypto signal providing channels.

R:R Risk:Reward Ratio is an important factor. Most of the channels do not take this into consideration and would feed you signals without the knowledge of R:R even. If I am putting too much of risk in a position, I would better not take it. Better safe than sorry.
Find out the accuracy rate. This goes hand in had with R:R because if you have R:R of 1:5 but accuracy rate is only 15%, you would -ve by end of the month no matter what you do.
Attitude - Attitude of the channel owner is another important factor. You can get to know that by counter questioning his trading patterns. If he is ready to listen and provide answers to you, chances are this guy is here to stay longer. Rather if the admin is not ready to explain or does not answer your questions, chances are either he is simply cloning signals from another channel or is not even bothered to look into another perspective on the chart. These kind of people are more dangerous and are blinded by theories and their egos.
Timeframe - Find out how long does it take for their signals to reach targets. 1 day, 1 week, 1 Month or Never.
Frequency - Frequency of signals also should be important. How often would you want to open a position, 1 in a day, 1 in a week(because of the fake justification that market is not good) or may be more 5 in a week.
Results - Another important factor is do they show you their consolidated results. Do they accept their mistakes. Do they say yes we had 8 good trade and 3 bad. If not, time to confront them.

Considering all the above factors in mind, I kept exploring different channels, and there is one channel which I have stayed with and the one which I rely on, Bitcoin Syndicate.

And here is the reason for that.

Scatter plot showing profit and loss, duration and the target point(1,2,3 or all) of the calls for the month of March.

Excerpt of the calls shared in the month of March

All above data can be validated in their excel sheet which gets updated every few days or can also be validated at this Google studio report.

Or can be validated against my portfolio movement on Bitmex. :)

WIIIFM(What is in it For Me) - Ofcourse you all would think what is in it for me in this, Why I am I publicizing their channel. They have a referral policy. So I just need a favor. With all the data above, If you think you want to give it a try, please mention my username Hive account@intothenewworld - steemit and I would get a small referral amount. :)