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Mastering Live Crypto Trading: Earning $8,755 in Just One Week with the 10x Strategy

Craig Percoco
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Title: A Week in the Life of a Crypto Day Trader: Strategies, Setups, and Profits

Introduction:
In this article, we will delve into the world of crypto day trading and follow the journey of a trader as they navigate the market, employ specific strategies, and aim for consistent profits. We will explore the trader’s process, indicators, and risk management techniques that enable them to achieve a favorable risk-reward ratio. Additionally, we will discuss their plans to challenge themselves by documenting their journey of growing their trading account from $1,000 to $3,000 risk per trade, with the goal of making $9,000 to $12,000 per crypto trade.

Day 1: Setting Up for Success
On the first day of the trading week, the trader identifies two potential setups, with Matic being the primary focus. They analyze the trend and resistance levels, aiming for a risk-reward ratio of 4:1. Despite missing the ideal entry point, the trader remains optimistic and adapts their strategy to a different setup, known as a 35a. This flexibility allows them to maximize potential profits.

Day 2: Learning from Losses and Finding New Opportunities
The trader wakes up to a loss on the Matic trade but quickly identifies a new setup on xrp. They recognize a double top formation, indicating a potential reversal. By understanding price action and retests, the trader enters a short position, successfully profiting over $3,100. Simultaneously, they take a long position on Ave, which results in a profit of over $4,400.

Day 3: Adapting to Market Conditions
Despite missing out on a potential trade on XRP, the trader identifies a new setup on Gala. They enter a long position and reduce risk as the trade progresses. However, due to the market’s failure to break out of resistance, the trader decides to close the trade prematurely to avoid potential losses.

Day 4: Ending the Week on a High Note
The trader takes advantage of a short setup on solana, utilizing Fibonacci levels to determine entry and exit points. They successfully profit over $3,300, bringing their total weekly profits to a significant amount. The trader emphasizes the importance of risk management and finding high-risk reward setups to maximize profitability.

Conclusion:
Throughout the week, the trader demonstrates the importance of consistency, adaptability, and risk management in day trading. Despite a 50% win rate, they were able to achieve substantial profits by focusing on setups with favorable risk-reward ratios. By documenting their journey, the trader aims to inspire others and provide valuable insights into the world of crypto day trading.

Frequently Asked Questions (FAQs):

1. What is the trader’s risk-reward ratio?

The trader aims for a risk-reward ratio of 1:3 to 1:4, meaning they risk $1,000 to make $3,000 to $4,000 per trade.

2. How does the trader determine entry and exit points?

The trader utilizes various indicators and strategies, including Fibonacci retracement levels, trend lines, and price action analysis, to identify optimal entry and exit points.

3. What is the trader’s approach to risk management?

The trader emphasizes the importance of reducing risk as trades progress. They adjust stop-loss levels and take profits at predetermined Fibonacci levels to protect their capital and maximize profits.

4. How does the trader handle losses?

The trader acknowledges that losses are a part of trading and focuses on maintaining consistency. They ensure that their risk-reward ratios are favorable, allowing them to recover from losses and remain profitable in the long run.

5. What is the trader’s overall goal?

The trader aims to grow their trading account from $1,000 to $3,000 risk per trade, with the goal of making $9,000 to $12,000 per crypto trade. They document their journey to inspire others and provide valuable insights into successful day trading strategies.

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Craig Percoco

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34 Comments

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  22. You work for 40years to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires.

  27. Great video, thanks Craig! I am new on your channel, can you please explain what is "35A" you are referencing in your video? Tried to google it but didn't find anything relevant

  29. I consider myself to be successful in trading with the help of WILDVESTCORPS PAGE who manages and manages my trading account and brings me incredible profits Their strategies are top notch coupled with the low commission they charge for their trades.:.:

  30. The video content is also quite useful, I will also make videos instructing how to trade forex and crypto for beginners to contribute to the community with the most useful information!!

  32. Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

  33. Thanks for the update and keep doing what you do. My journey in the current market has taught me a lot of lessons, at the top of that list is that it never pays to live above one's means. I have managed to grow a nest egg of around $600k to a decent 7 figures in the space of a few months. Sad to say but a lot of us have poor money management skills. My 2 cents -get an advisor to keep you accountable and aid you make better decisions, Bryan Webster has been helping me a lot, all through my journey. I find it better to pay a little bit more for peace of mind than worry about money or market trends and still get >burned.

  34. @Craig,

    May I know how to digest the psychological pressure after open a trade? Are you walk away from the desk or look at the screen…..?

    Would like to learn from you. Thx 😊

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