USER GUIDE How To Get The Most Out Of Your Daily Cryptocurrency Trading Signals
Getting Started Thank you for subscribing to Signal Profits daily crypto trading signals. If you haven t already, make sure you do the steps below so you can start to receive your signals each day. STEP 1 Set Up Telegram Telegram is a cloud-based mobile and desktop messaging app with a focus on security and speed. You can access it from your Phone or Desktop. Set Up Your Telegram Account iphone / Android / Desktop STEP 2 Join Our Channel: Login to your Telegram account and search for our channel or click the button below. STEP 3 Send Us an Email Send us an email with your Telegram name so we will allow it on our channel. If you join and fail to send us an email you will be removed from the channel EMAIL: register@signalprofits.com SUBJECT: new subscriber BODY: telegram name Continue reading to learn how to use every aspect of the signals.
TABLE OF CONTENTS Intro 1 2 3 4 5 6 7 8 9 Overview of Signals Coin Exchange(s) Risk and Allocation Size Buy In Price (Entry) Stop Limit (SL) Targets Charts Frequently Asked Questions
WELCOME Introduction to the Signal Profits Program
Welcome to Signal Profits! All you have to do is copy, paste and profit. Thanks for signing up with our daily trading signals program. We are happy to have you here. We started Signal Profits to allow regular individuals to trade just like the Pro s do. After trading in Forex and Options, we moved our operations to the cryptocurrency markets. We noticed that even though we are in an awesome bull market (where the prices go up), a lot of people were still losing money. This is when we decided to allow inside access to the trades that we made every day. We have a team of full time traders looking at charts for the 1300+ cryptocurrencies to come up with the best possible trades for you. We use a combination of technical analysis in combination with social mentions to come up with our top trades of the day. Read on to continue to learn how to get the MOST out of Signal Profits. Thanks again!
Introduction to Trading All you have to do is copy, paste and profit. The daily signals are not an indication of long term, fundamental holds. Our trades are about taking advantage of the volatility of the cryptocurrency markets and using our team of traders to find good set ups for potential trades that can net us 30%+ gains within a relatively short period of time. This is also not a get rich quick scheme. We take trading very seriously and have a very calculated, precise way of trading. We do not like to gamble with our money by putting it on speculative coins and going for moon shots. Our goal is to get in and get out with our profits and take those profits to another trade. We will not WIN every single trade and we might miss some of these 200% gains overnight. These are most likely pump and dump type events that you cannot catch with technical analysis. Our goal is to give you the best profitable trades while minimizing our risk. At Signal Profits, we DON T like to lose money. If there is something going on with the markets (Like a fork or a futures release), then we will make the recommendation to sit on the sidelines until things are more predictable. You ll want to keep your long term holds separate from your day trading. This allows you to be non-emotional and unattached to specific coins and projects while at the same time allowing you to benefit from the volatility in the markets.
If you are looking at fundamental, long term holds then this isn t the right program for you. Some people like to split their portfolio up into long term and short term holdings. There is no one size fits all answer for how much you should allocate to each. That is up to you to do your own research and due diligence to decide your portfolio allocation. It is also important to remember that when you are trading, it is important to take profits along the way. A good rule of thumb is that if you start with $10,000 for trading and you make $20,000. You can take out $10,000 so that you are now trading with profits. You have zero risk in the markets now and you are much more unemotional when making proper trades. If you are NEW to trading, there is a term called weak hands. Just because we send out a signal does not mean the trade is going to go UP right away. There is volatility in the markets and it sometimes takes a few days to a few weeks for the trade to execute the set up. If you buy in at the price we recommend and it goes down 5%, do not sell right away as this will ensure that you will lose the trade. You must be able to ride the volatility out. This manual will serve as a guide to using the signals and getting the most out of the program. We will also have an entire video training suite for the different exchanges so that you can use get in and learn how to use it right away. Happy Trading!
CHAPTER ONE An Overview of the Signals We Will Send
The Daily Signals We Will Try to Push Out Signals Around 7am PST Depending on market conditions, it may be 1 hour before or after 7am PST. Included with each signal is the coin that we are recommending, the exchange that we are viewing the chart for, a risk assessment (low risk or risky), an allocation size, the buy price, the stop limit and the target price for our first profit level. SEE BELOW FOR AN EXAMPLE SIGNAL
CHAPTER TWO The Coin or Cryptocurrency
The Cryptocurrency Each trade will include a specific coin to trade. Every trade will start with a 3-5 letter notation for the coin we are recommending. For example, ETH = Ethereum. ADA = Cardano. BTC = Bitcoin. These are what you re going to use to search the exchange. You can copy the coin and paste it into the exchange if it allows for a quick search. We then have the market that you can buy the coin in. For instance, there are Bitcoin markets, Ethereum Markets and USDT markets. You can buy the coin on any of these markets, but our charting and graph is the market that we show in the signal that we send out. The Coin is Highlighted Here
CHAPTER THREE The Exchanges
The Exchanges Each Signal Will Include a Specific Exchange For each signal, we also tell you what market the signal is coming from. Some prices are different across markets and we can get advance signals before other markets catch up. You CAN buy the coin on a different exchange. For example, we send out a signal saying Bittrex, but you are only on Binance. If the coin is on BOTH, you can still participate in this signal. The exchange mentioned is merely the one that we found the best technical setup for a possible price increase on that signal. For our signals, we will stick to Poloniex, Bittrex, Binance and Kraken The Charted Exchange Is Highlighted
CHAPTER FOUR Risk of Trade and Allocation Size
Risk and Allocation If a signal is risky, we will tell you to reduce your position. If a setup looks like a great trade, but it s more on the risky side, we will tell you to not go into it with a large amount. For example, a calculated trader will put the SAME amount in each trade based on the size of his trading portfolio. A trader with $10,000 might put 10% of his portfolio into each trade. ($1,000 for each signal.) So if a trade says to put 25% of your usual allocation, then on this trade we will put $250 in. This allows us to play the trade while not putting too much of our portfolio at risk. This is just ONE example of how to use the risk and allocation metric that we send out. For each signal we send, you Risk can of Trade choose and your Allocations own allocation. Size These are recommendations, but if you decide to use a different allocation size based on your own research and own due diligence, that is okay too. Risk and Allocation Size is Highlighted Here
CHAPTER FIVE The Buy Price (Entry Price)
The Buy Price Every Signal Will Have a Specific Buy In Price The Buy Price given MAY be higher than the current price on the exchanges. This is written that way because we want the price to reach that price to show a break out move from it s long term downward price movement. As soon as the price reaches the buy in price, then we have increased confidence in it being a bullish price move (meaning the price will go up) and it increases our certainty it s a very good trade. So, we recommend typically buying the price at the levels we recommend in our signals. If the price does NOT reach it, then it may continue to move down in price or move sideways. So, always wait until the price reaches the recommended BUY price. If you buy BEFORE that price is reached, you have a higher risk of holding on to a trade that might continue to move down or sideways. The Buy In Price is Highlighted Here
Buying Walk Throughs Use These Videos To Learn How To Buy VIDEO WALK THROUGHTS Click To Play How to Buy On Poloniex Click To Play How to Buy On Bittrex Click To Play How to Buy On Binance
Poloniex Buy Guide USE BUY SECTION Click To Play ENTER BUY PRICE ENTER AMOUNT HINT: Your buy order might not go through on a low volume cryptocurrency. If you placed the order, but the coins aren t showing up, it s because no one has bought them yet and they will show up under open orders.
Bittrex Buy Guide STEP 1 Click Price STEP 2 Click LAST STEP 3 Change to the signal price. Click To Play STEP 4 Enter BTC amount STEP 5 - Click Buy A BUY CONNFIRMATION SCREEN WILL POP UP Click To Play STEP 6 - Click Confirm.
Binance Buy Order Guide CLICK LIMIT ENTER TARGET PRICE ENTER AMOUNT Click To HINT: PlayYour buy order might not go through on a low volume cryptocurrency. If you placed the order, but the coins aren t showing up, it s because no one has bought them yet and they will show up under open orders.
CHAPTER SIX The Stop Limit (SL) ALSO CALLED: Stop Loss
The Stop Limit (SL) Every Signal Will Come With a Stop Limit What is a 'Stop-Limit Order' A stop-limit order is an order placed with a broker that combines the features of a stop order with those of a limit order. A stop-limit order will be executed at a specified price, or better, after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better. BREAKING DOWN 'Stop-Limit Order A stop-limit order requires the setting of two price points. The first point initiates the start of the specified action, referred to as the stop, while the second represents the outside of the investor s target price, referred to as the limit. A timeframe must also be set, during which the stop-limit order is considered executable. The primary benefit of a stop-limit order is that the trader has precise control over when the order should be filled. The downside, as with all limit orders, is that the trade is not guaranteed to be executed if the stock/commodity does not reach the stop price during the specified time period. Features of Stop and Limit Orders A stop order is an order that becomes executable once a set price has been reached and is then filled at the current market price. A traditional stop order will be filled in its entirety, regardless of any changes in the current market price as the trades are completed.
A Stop Limit is an entry that will allow the trade to execute when the price reaches a specific level. We set stop limits to prevent the price from dropping too quickly. We would rather take a small loss (5-10%) than to risk the cryptocurrency from diving in price leaving us holding a long term loss if and when it recovers. The Stop Loss will have two parts when you enter it into exchanges. The STOP price is the price the trade TRIGGERS (Gets entered into the market). The LIMIT price is the price that the sale will happen. On most exchanges, you want to enter the STOP price 5-10% higher to allow the LIMIT trade to get entered and sold when the price moves below it. EXAMPLE: If the price we buy in at is $1, then we will want to enter our stop loss 20% lower than our buy in price. So our Stop loss will be $.80. So in this example, we might use the STOP price at $.85 and our LIMIT price $.80. This will allow ample time as the price falls for the trade to execute as it moves lower. EVEN with a 5-10% gap between the stop price and the limit price, there is NO guarantee that your trades will be executed properly. In this case, there is nothing really that can be done to prevent it.
Sometimes we use Stop Limits to prevent losses. Other times we use it to lock in profits as the price of the cryptocurrency moves up. EXAMPLE: We entered a trade at $1 with a stop limit at $.80. The currency then moved to $3, netting us a 300% profit. If we believe that it s just getting started, then we can move our Stop Loss up to $2.50 so that we can LOCK IN 250% profit if it decides to move down in price. Due to the volatility of the crypto markets, our stop limits are often set 10% or more below our entry price. This is because we don t want to get stopped out of the market before the price moves higher. When we say move the stop limit price to break even, that just means that once the price moves upwards, we want to change our stop limit to the price at which we bought in at. This ensures that our risk is ZERO if it moves back down as we will sell it at the same price we bought it for. The Stop Limit is Highlighted Here
Stop Limit Walk Throughs Use These Videos To Learn How To Set Stop Limits VIDEO WALK THROUGHTS Click To Play How to Set a Stop Limit On Poloniex Click To Play How to Set a Stop Limit On Bittrex Click To Play How to Set a Stop Limit On Binance
Poloniex Stop Limit Guide USE STOP LIMIT SECTION Click To Play ENTER STOP PRICE ENTER LIMIT PRICE ENTER AMOUNT HINT: THE LIMIT PRICE IS THE SIGNAL PRICE FOR SL. ENTER YOUR LIMIT PRICE SLIGHTLY BELOW YOUR STOP PRICE TO ENSURE THE ORDER GETS SOLD IF THE PRICE DROPS QUICKLY
Bittrex Stop Limit Guide Click To Play Click To Play ENTER YOUR LIMIT PRICE SLIGHTLY BELOW YOUR STOP PRICE TO ENSURE THE ORDER GETS SOLD IF THE PRICE DROPS QUICKLY
Binance Stop Limit Guide CLICK STOP-LIMIT Click To Play ENTER STOP PRICE ENTER LIMIT PRICE ENTER AMOUNT Click To Play HINT: THE LIMIT PRICE IS THE SIGNAL PRICE FOR SL. ENTER YOUR LIMIT PRICE SLIGHTLY BELOW YOUR STOP PRICE TO ENSURE THE ORDER GETS SOLD IF THE PRICE DROPS QUICKLY
CHAPTER SEVEN Target Price
The Target Price Every Signal Will Come With a Potential Target What is a 'Price Target' It represents a cryptocurrency s price that, if achieved, results in the best possible outcome for this signal. This is the price at which the you can exit your position with a solid profit. It s important to remember that a Target Price in our signal isn t a guarantee that it s going to happen. We have a lot of experience trading a variety of markets, so we have high levels of confidence, but we are not psychics. This is why it s important to listen to the risk analysis and enter your stop limits into the market when appropriate. That being said, our target prices are based on a lot of indicators and tools we use on our charts. When we give a target price, you have a couple of different options. Option 1: You can take 100% of the profits and wait for another trade. Option 2: You can take a percentage of your profits and move your stop loss up to break even price so you lock in some profits. Option 3: You can see how the trade plays out and move your stop limit price up.
These markets move very fast and so taking profits is completely up to you. We will typically send an announcement on when we believe a good time to take profits is and what % of the profits should be taken. If the target price says and higher then we believe that the cryptocurrency will move higher than the target. If we say DON T FEED VALUES INTO THE SYSTEM, then this means not to enter a target price or a stop limit price. This is because we expect the price of the coin to move higher than our target and we don t want to sell too early. The Target Price is Highlighted Here
Stop Limit Walk Throughs Use These Videos To Learn How To Set Stop Limits VIDEO WALK THROUGHTS Click To Play How to Set a Target Sell On Poloniex Click To Play How to Set a Target Sell On Bittrex Click To Play How to Set a Target Sell On Binance
Poloniex Target (Sell) Guide USE SELL SECTION Click To Play ENTER TARGET ENTER AMOUNT NOTE: You CANNOT have both a sell order and a stop limit order at the same time in most exchanges. You can enter your target price sell order when you buy to guarantee profits or you can wait until we send the signal to book profits. It is completely up to you when you want to take profits on the trades.
Bittrex Target (Sell) Guide STEP 1 Click Price STEP 2 Click LAST STEP 3 Change to the signal TARGET price. Click To Play STEP 4 Enter total amount to sell. STEP 5 - Click SELL A SELL CONFIRMATION SCREEN WILL POP UP Click To Play STEP 6 - Click Confirm.
Binance Target Guide (Sell) CLICK LIMIT ENTER TARGET PRICE ENTER AMOUNT NOTE: You CANNOT have both a sell order and a stop Click limit To Play order at the same time in most exchanges. You can enter your target price sell order when you buy to guarantee profits or you can wait until we send the signal to book profits. It is completely up to you when you want to take profits on the trades.
CHAPTER EIGHT Charts
The Charts Every Signal Will Come With a Chart For every trade we signal, we also attach a chart of the specific cryptocurrency. This chart will sometimes have lines on it to show what we are looking at. If you are interested in the technical analysis of the charts, you can view part of what we are seeing here. A lot more goes into it, but we like to include these with our signals. A majority of the charts will show support and resistance lines for our set ups. On this chart you can see that if the price moves above a long term resistance line, then we ve got a good opportunity to make profit. On the chart, there will sometimes be notes attached that will give you more insight as to what our thoughts are on the specific cryptocurrency. Eventually, we plan on holding advanced Q&A sessions where we will pick specific trades and show you how we come up with some of the trades.
CHAPTER NINE Frequently Asked Questions (FAQ)
Frequently Asked Questions When should you take profits? We will send out a signal on when to take trades at specific target prices, but if you want to take 100% profits at each target, you can do that too. If the set ups look good (meaning the price is bullish or that it will go up) then we What if the coin listed isn t on the exchange I m on? It s okay to miss a few trades here and there if they are not on the exchange you are on. We recommend having your money spread out amongst Bittrex, Poloniex and Binance. How much do I need to trade in the markets? We recommend that you only trade with what you are comfortable losing. Second, you can invest as little or as much as you want. Some of our traders have over $5 million, while other traders have less than $1,000. What if the price is higher than the signal? It s up to you if you want to risk the trade if the price is higher than the signal. If it s higher, I will usually set a buy order around the buy price and hope that it comes down and I can get in on the trade. If not, I will wait for the next trade. How long does it take to reach a target? We have no idea. We are not psychic. Sometimes it s 30 minutes and other times it can take 2-3 weeks and sometimes never. Do I have to trade every signal? Not at all. Some people pick and choose and some will trade all of them. It s totally up to you how many signals you trade.
Frequently Asked Questions I have set up telegram but I cannot get the link to connect to the group: Make sure you are installing the app on your phone, you have set up a telegram account and logged in. Then click on the link to be taken to the channel. If still having problems, please see Telegrams website for troubleshooting Why do the signals include the Target and Stop Loss if you say to not feed them into the system? How you manage the trades is completely up to you. Some traders are very strict and disciplined and want to exit targets and stops and some traders want to see things play out to maximize returns, even if it is a little more risk. If I ve got a total of $X,XXX to trade and you guys list several trades in a day, how do I prioritize trades? i.e. 30% here 20% there and the other 50% in a 3 rd trade? We recommend putting the same amount into every trade. If your total allocation to trading is $1,000, and you want to be in 10 active trades at a time, then you should allocate $100 per trade. Unless it is marked as risky and then proceed with the recommended allocation percentage. Is it possible to initiate your target and your stop loss at the same time? Most exchanges only allow you to enter 1 conditional order at a time.
Frequently Asked Questions If a stops increasing before it reaches the target, should I hold on for the higher initial target or sell? We will send out additional signals telling you to close trades that are stuck, until that time you should continue to hold the trade. Of course you are always free to close trades at your will if you want to free up capital for new trades. Would you recommend taking the money out of my long term investing portfolio and using it in these day trades? Asset allocation is the #1 key to success in investing, and the percentage amounts you allocate to each asset is a personal question that only you can answer. Having long term investing and short term trading working together make sense, but the percentage you allocate to each is entirely up to you. Can I use Buy Limit orders to automatically enter a trade if the target reaches that price? Yes. Absolutely. This is what we will typically recommend for our buy in prices. Will you be teaching how to look at charts and find these signals on our own? We do not have any current plans to teach technical analysis as our focus is on generating signals for our subscribers.
Frequently Asked Questions How much of my portfolio should be long term and short term? Unfortunately, this is something you ll have to figure out for yourself. Our goal is to only provide you with high quality trading signals and not investment advice. What does break even mean? Break even is just the point at which we bought in at. For instance, if we bought at $1 and the price moved to $2. The break even price would be $1 and we would make the recommendation to move your stop limit to break even. What if I can t trade on a specific exchange because it s not allow in my area? We try and provide a variety of signals that will work on multiple foreign exchanges. Another way around this is to set up a Virtual Private Network to reroute your IP address. This is not something we are recommending, but this is something that many of our traders use. What does Don t feed any values into the system? This means that we think the chart looks bullish (the price is going up) and we don t want you to enter a target or a stop loss until we tell you to. How do I cancel if I don t want to receive the signals anymore? We make cancelling very easy. We don t have contracts or commitments and if you want to cancel, then simply send an email to cancel@signalprofits.com
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