Consistently extracting profits

In our chartbook publication from last week we published a chart with entry levels as a guide on when to enter the market. Briefly after publication, the first low risk price level was approached. Consequently we posted a screenshot of precise entry timing live in our Telegram channel (see charts below). It might still elude you to be consistently extracting profits, even with a system as good as this.

Bitcoin Daily Chart – A Roadmap To Success:

BTCUSDT daily chart as of February 8th, 2020

With prices declining rapidly into the first entry level, we posted an execution signal live in our telegram channel. We took advantage of the edges of “action/ reaction”, and “the trend is your friend” among others. It being a small retracement, qualified this as a sixty minute time frame setup (see chart below).

Bitcoin 60 Minute Chart – Consistently Extracting Profits:

BTCUSDT 60 minute chart as of February 11th, 2020

Quickly after entry we took early profits to ensure a no risk position. By the end of the days session, the next target was hit. We again took money off the table. The chart clearly shows what we had pointed out in our previous chartbook. “Let it run and don’t place a stop too tight“. Any stop adjustment would have been taken out. By allowing enough breathing room the position was allowed to mature to its final target on 2/11/2020. This runner returned a profit of 6.06%.

Bitcoin Daily Chart – Time To Reload Once More:

BTCUSDT daily chart as of February 11th, 2020

While we were exposed in this lower time frame position with the remainder of a runner, the daily time frame triggered an entry on 2/11/2020 as well. With the trend on our side, we took an aggressive entry there as well. Moreover lower time frames completed bullish chart patterns providing additional edge support.

Bitcoin Daily Chart – Consistently Extracting Profits:

BTCUSDT daily chart as of February 12th, 2020

Prices advanced shortly after with vigor, allowing for a first financing target (see our quad strategy) to equal a 4.78% profit. The following day the next target zone was hit (5.75% profit). As a result we still have a runner in the market. With the trend intact we continue to look for low risk entry opportunities.

Consistently extracting profits

You might assume that the main difficulty in market participation is to develop a system, or in other words an edge. Once that is achieved, it commonly is expected to be profitable right away. Wrong! The true task is in effect to close the gap between a rational approach and a rehearsed process. Don’t underestimate how difficult it is to execute your plan. It needs practice. This is especially true if you are a larger time frame player who naturally gets less practice due to fewer executions. Should you struggle with translating your theoretical performance into actual dollar and cents, allow for a rehearsal period. Practice, practice , practice. The actual task of simply pressing a button on your keyboard might seem easy, but to press this button at exactly the right time is a skill set only to be acquired through repetition and patience.

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All published information represents the opinion and analysis of Mr Korbinian Koller & his partners, based on data available to him, at the time of writing. Mr. Koller’s opinions are his own and are not a recommendation or an offer to buy or sell securities. Mr. Koller is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations. As trading and investing in any financial markets may involve serious risk of loss, Mr. Koller recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications.

Although a qualified and experienced stock market analyst, Korbinian Koller is not a Registered Securities Advisor. Therefore Mr. Koller’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. Past results are not necessarily indicative of future results. The passing on and reproduction of this report, analysis or information within the membership area is only legal with a written permission of the author.

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