Bitcoin Day Trader

Hello world....

My name is Chaz Bolivia, I am a 39 year old father of 3, soon to be husband. Retired Carpenter turned full time day trader. I am completely self taught and the type of person that can do just about anything by just seeing it a few times. YOU TUBE has been instrumental in my success. I became a day trader because of Ethereum and the opportunity to mine it. I've had a desire to mine crypto currencies for the last 5-6 years. Thanks to the Ethereum project and you tube hero BITSBETRIPPIN, I decided to quite my job and build and operate ETH mining rigs.

I made an initial investment of 30k about 6 months ago. I designed and built 6 card rigs that produced on average 160 mh. per rig. My initial investment provided me with 10 rigs and I maintained about 1600 mh for roughly 6 months. Thanks to cheap electricity in Mexico I was able to collect a nice stash of ETH. I used Bitfinex to store my ETH and used it as Leverage for Margin Trading. Most would not recommend storing everything you have on a exchange, But I got lucky!
In the middle of June of this year someone with a very intelligent yet devious mind changed my life. I was a investor in the DOA project, the first ICO I had ever invested in. I was collecting ETH on a daily basis from my miners. I never sold any, I just kept them as a investment for my future.

Then the destruction of etherum happened. Someone had hacked the DAO project and stole a yet to be determined amount of ETH from this $160,000,000 first of its kind project. The affect this hack will have on the ethereum project is long from being realized. But in my opinion it is not a good one.

As I said above, I got lucky. I had all my ETH on binfinex and when the news broke in reddit, I was trading and in the troll box on trading view. It was about 2:00 am. when someone by the name of YOLO posted a link in the Trading View troll box.He seems very knowledgeable and usually posts good info. At that moment I had just entered a short on ETH. ETH was trading just above $20.00. I read the link then made a snap judgment call, something you should never do in trading. I sold ALL of my ETH at an average price of $18.00. I locked in a full leverage short using my new chunk of cash as leverage. When ETH hit $16.00 which was very fast, I decided to move my DAO tokens to Krakan . It seemed like a eternity to get the transfer completed. Long story short I was able to get out of the DAO with a small profit on my initial investment.

So skip ahead to today, I was able to re-coop my investment in mining and the DAO. I also broke down my mining rigs and listed all the parts individually on ebay. I was able to re coop 68% on the dollar of my initial 30k investment from the sale of my hardware.
Im done mining!

I started to look into all the different ways to trade consistently. Patterns, indicators, Pros so many different opinions out there. So many different people posting charts I could not understand in the troll box. Very few good things come from the troll box, tread softly. I decided I needed to learn all the basic ways of day trading and learn them fast.
I got lucky and I made a few good trades , but it was pure luck. I later went on to make a few loosing trades one that cost me 4k in less than an hour. To make things worse I was up 1k just 1 hour before this disaster.
I turned to you tube as most of us do these days. Learning how to trade and trying not to get sucked into the rabbit hole of all the you tube sensations claiming "you to can be a millionaire, just follow me and subscribe". Some of the info is good but a lot is deceiving. Most are trying to make a living, maybe there methods are sound but what are they really saying. Invest in this ICO, invest in this system, invest like me so I can make money. I've yet to see anyone lay down a video on exactly how to make money day trading and prove it.

I stumbled upon a system, one that anyone can do. It is supper simple, no fancy charting skills needed. You don't need to listen to all the incoming news about Bitcoin. All you have to do is follow the market your trading. This works on all coins and pairs.

After taking a 4k loss in 1 day I decided chasing big amounts of money is dangerous. It is no different from gambling. You can win big but when you loose you really feel it. I decided to convert my holdings into BTC and put most of it into cold storage. I Know I could loose big if BTC dives after the halving but I am confident good things will happen in the future.
I decided I want to trade full time. In order to do that I need to make a profit full time, that is not exactly easy. I figure I need to make a minimum of 1k per week just to live off of. Again trading big can produce way more but the risk of loosing is not one I want to take at this point.
I created a method using 2k per account. I use full leverage of 2.5 to 3 X depending on the platform. I currently trade on Bitfinex, Polo, and Kraken for max margin. As of yesterday I started trading at Bitmex for 35x margin. But ill get into that later.

I am using a method that is producing about $10-$14 per btc per trade. It is a continuation method using a 5 min. chart. WHAAAAAAT! a five min. chart. Yes a 5 min. chart. This method has produced a 87% profit in a 100 trade test. The proof is in the pudding,! I am currently working on a you tube series I will release after the halving. I have screen captured ALL my setups and trades. There will be no how to with out fact in my series. I will give you all my game plan that is currently working like a charm.

Maybe you are thinking, $10-$14 per btc...... That is nothing. Well if you have a small bank roll or you are looking to make minimum 1k per week trading. This system is working.
This is the basic breakdown, I have 2k in Bitfinex they give 3x leverage on Margin trades. At this very moment I can use 2.9 BTC + 3x = 8.7 btc for the 2k in cash I have on my account. I pull my profit daily so I only have 2k available each time I enter a trade. Because there is so much volatility in BTC right now I am getting 6-8 set ups per session with a 87% profit ratio. Also Because I am using the 5 min. chart my losses are very small. I set tight stop losses and most are never triggered. The majority of fails is a loss of fees, nothing more.
So lets do the math, using the high numbers. 8 trades per day, $14 profit per btc, 8.7 btc available. That is $121.80 per trade @ 8 trades per day = $974.40 @ 87% =$847.72. Now keep in mind there are a few losses and fees are about $7 per trade plus margin funding at Bitfinex. Currently I am averaging $500 per day when it is all said and done. I do trade 24/7, I am working my ass off. There are peak trading times and they are usually between 12:00 A.M. and 6:00 A.M. My time.But in the long run it is worth it.

So I bring this to you because there are a lot of people trying to make a living trading. There are a lot of people new to this and have no idea which way to go. As I said above, the proof is in the pudding. This is simply an introduction, I will be showing you hard facts of how this method works and how you can apply it today. This is for the little guy, hard working and destine for success. There are many methods out there and many people who make thousands per day trading. But not all of us have huge bank rolls to start with. We will crawl before we walk, and when we walk we will walk confident. I can not guaranty success, that comes down to how hard you are willing to work. Nothing in life worth doing is easy. This is not easy. What I can assure you of is a path that may lead to a good living. I ask nothing of you, only to provide honest feedback. My hope is to create a community of investors helping investors. I will continue this blog with the exact method of what I am doing in the next few days. I need to get through halving week before I can focus on this. I suggest you check out this link.
www.youtube.com/watch?v=ji0bEjhUReg
This will provide the basics of my methods. I suggest you watch it a few times.
Good luck, Nice to meet you and I hope we can prosper together in the future.