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Now, I’ve been running an experiment on Kucoin with Ethereum. I purposely started with a measly amount of Ethereum, like 0.36 ETH. This is when I was starting out. I purposely started out with a tiny amount on Kucoin and I specifically wanted to target Ethereum. Because I liked Ethereum, and I think that it’s worth accumulating, so that’s a good reason right?
Using Poobah Pro Scanner
So I looked for charts using the Poobah Pro scanner to find coins that had lots of volatility and a huge 24-hour spread. Once I found coins that looked good to me, I made sure to check the charts. When I found a line of support and the chart looked like it had enough volume to carry out my buy and my sell, then I just went for it. So my account has grown significantly since I started. And the reason it’s grown significantly is not because I was following paid groups. It’s not because I was checking charts every single day. I used the Poobah Pro. I looked for big 24-hour spreads and then from there I just put my buy and my sell.
Now, it has to be said that the secret to growing an account quickly is slightly dangerous. Now, this amount that I started with was measly. It’s not very much money at all, but to some of you this is all you can afford. So heed this with a word of caution.
Splitting Your Funds
The fastest way that you are going to grow your account quickly with AB charts with a small amount of ETH or BTC or whatever, is you should split your stack into two. This goes against part of my trading rules but it’s part of the secret to growing your account. Now I should say that this amount that I started with is by no means 10% of my account. So I have no problem doing this.
But it was an experiment, so I tried to split my ethereum on Kucoin in half for every single trade. So when I saw a coin that was worth jumping into or that was giving decent percentages. Or percentage that I thought were good enough, I split my stack of ethereum in half. Put it there, found another chart, put my other half there. Sometimes I had to wait a couple of days, sometimes I had to wait a couple of hours. I set my buy and I set a limit sell, emphasis on limit sell, because these are low volume coins. You don’t want to use a market sell, or else you might miss out.
Even though I’m not using a lot, I just wanted to make sure that I was going to get out with what I want. So this took some time too. I should say that as I have a life so I’m not active every single day AB trading. But when I have time and I check the scanner and I check the charts, I’ll put in a trade.
So this is probably a more realistic outcome, this is probably how a lot of you are trading out there. A lot of you aren’t going on your computers 24/7 looking for trades, closing it, opening, closing. You know that’s going to be insane. That’s going to wreck your eyeballs. For one, you should wear glasses when you’re looking at a screen that long. But you want to make sure you’re taking a break, that you have a life. So for those of you that work. For those of you that have families or relationships. Those of you that like to go outside and smell and breathe fresh air. This is probably a more realistic expectation of AB trading and a secret to growing your account.
Gains are gains
With that said, and with this outcome it’s great but it took work, it took time. But the benefit is that one day I believe that Ethereum will surpass its all-time high of $1400. So with this small amount, given today’s trading rate of a hundred and sixty dollars or so, this is fantastic. See what I’m trading in these AB charts, and this is why I love it so much, I don’t really care about how small of a gain that I’m getting because gains are gains.
I’m not a big flashy trader that’s going “I just made eighty-five percent and I risked half of my account so now…” you know. That’s ridiculous and I’m not one of those people, but you’re gonna have these tiny profits. Like I made a dollar, I made two dollars but if I’m thinking in the future, I’m making ethereum. I’m not making bucks, because I don’t care about the bucks, I care about the amount, the quantity of crypto that I’m banking and making every single time with these teeny tiny AB trades, because we all know that teeny tiny amounts will grow.
So the big surprising secret of this strategy is that if you want to grow your account quicker, split it in half. Now, your account is going to grow to a size where it’s not realistic to split it in half anymore. Let’s say that you start with .2 Ethereum and you AB trade it up to 2 ethereum. It will not make sense to put an order in for 1 ethereum on a low volume chart. It will not make sense, it will be too much money. You will become a wall, and you will not get filled either on the buy side or on the sell side. That is not a good situation.
Use Median Volume
The reason why I enjoy using my Poobah Pro scanner so much, is because I can see the median volume. The median volume is the way that I can assure myself that my order will get filled. Both in the buy and the sell. Because that median volume tells me that this is the middle amount of volume that this chart has seen. Both in an overall timeframe and in a 7 day timeframe. And I can also see the average of the last 24 hours as well.
So even though there are downtimes, there are periods of time for these AB charts that there’s not much action whatsoever. That they’re just kind of flatline. But then all of a sudden, they wake up and they get crazy. So that’s why knowing the median volume is so important, because you can put a buy at a low. Even though a chart will go dead for a little while, you can put your buy in. And you can wait and you can look at the chart. Don’t look at the order book first, look at the chart. Go off of that, and then you can put your buy in. So, start with a small amount, split it in two. And then when it gets too big and unreasonable for buys and sells to get filled, then you split it again. And you split it again.
Trade the Same Charts Over and Over
The last tip I have for you is to stick with your charts as a secret to growing your account. Sometimes charts stop giving, that’s true. But really, the best thing to do is you put your buy in. You put your sell. That sell gets done, you know this sell gets finished, it gets taken. Then you put another buy in, you put a sell in, put another buy in, put another sell in. And what you can do actually, as you can layer your own buys and sells against yourself. So long as you’re within a reasonable channel.
Look for that middle channel. You’ll be fine because you’re not looking to go from the very bottom to the very top. You’re looking to go more towards the middle. Because there’s a better chance of you getting your order filled and sold. So you are in the middle channel, and you will get filled and sold there. It’s great. Well I hope that’s helpful to some of you out there who have smaller accounts. And who are looking for ways to increase them 100%, 200% or 500 %. It is completely possible in crypto. Because it’s a very emotionally charged market that we’re in. Which is why we can get such huge returns that you can’t see on other instruments or other markets. It’s ridiculous, which is why I love it.