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Zero to Hero in Cryptocurrency Trading

You're reading from   Zero to Hero in Cryptocurrency Trading Learn to trade on a centralized exchange, understand trading psychology, and implement a trading algorithm

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Product type Paperback
Published in Sep 2023
Publisher Packt
ISBN-13 9781837631285
Length 322 pages
Edition 1st Edition
Languages
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Author (1):
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Bogdan Vaida Bogdan Vaida
Author Profile Icon Bogdan Vaida
Bogdan Vaida
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Toc

Table of Contents (13) Chapters Close

Preface 1. Chapter 1: Introduction to Cryptocurrency Trading 2. Chapter 2: Understanding the Basics FREE CHAPTER 3. Chapter 3: Technical Analysis – Candles and Patterns 4. Chapter 4: Technical Analysis – Technical Indicators 5. Chapter 5: The Centralized Exchange 6. Chapter 6: Money Management 7. Chapter 7: Finding Your Edge 8. Chapter 8: Automated Trading 9. Chapter 9: What’s Next?
10. Chapter 10: BONUS – One Month of Trading 11. Index 12. Other Books You May Enjoy

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...
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