New to trading? Steady yourself for this series of techniques from an seasoned amateur trader! I am going to blow the lid off the seedy underworld of trading. Exposing the tricks and techniques which probably don't even exist so that you can buy that island and retire, rich from the swollen hot fruits of your labour.

Do not take any of the below as real trading advice! I'm an amateur, what do I know? My trading strategy could end up with you destitute, smeared in plum jam in seedy hotel room with a man called Ernest paying you 5 dollars to Dance sexy.

The thing about Crypto trading, one minute it can be all champagne and boobies and the next like being in a shredded jet fighter cockpit as it plummets to the ground, the noises of the engine and the machine gun fire echoing all around. Brrrrrrrrrrrr, ack ack ack ack.

Everybody hopes their beloved coin is gonna pump allowing them to cash out big. Of course, you have the purists, the believers. With such utterings as there is a real solid technology behind this coin or the underlying platform has the potential to be a gamechanger

Deep down though, really? Why are you holding these mysterious internet coins? Money, that's why.

So whilst you hold your lovely coins waiting for the next pump or crying because you had to sleep one night and missed the inexplicably timed 4 hour pump of one of your favourite coins. Here is something you can do.

Hump The Camel

The scene - You hold a coin, it is one you are particularly fond of. If it was a real life coin you would spend all your time polishing it, whispering my precious.

It's a long term hodler for sure but hey, why not make some cash off of it whilst you hodl?

Look at a chart on a trading platform or on the handy blockfolio app. Stretch your chart out to a period of a week or so. Look at it. Do you see the repeated falls and rises within a range? Could this be... a pattern?!?!

Now remember, I am no professional trader and you could shoot your bolt by following the principles I state here. But I use them to sometimes make money.

Being strictly amateur I have named the phenomenon below Humping the Camel. I am sure I don't need to explain why.

Notice the range that is highlighted? Some coins in between their pumps and dumps trade in and around a particular range. Bouncing off the sell and buy walls.

I take note and if I think that a coin is doing so and then when it has done so consistently I will sell at the peak and then a day later or even the same day buy the exact number back when it drops.

Now, the seasoned pro's among you will be up in arms. What felony is this they will be crying... what if it pumps!! What if it doesnt drop? Make him walk the plank!

That is true, it can keep on pumping, so the only safeguard I have against that is to never sell more than half my hodl. You might only make 10% or so each time you do it. But all that money mounts up!

If it moves out of the range then you are best to sit back and watch for a while. It might be getting its knickers in a twist and be preparing to go violently up or down!

Once you have humped the camel a few times you can cut the end of that fat cigar and smoke it whilst watching the world burn.

Have you humped the camel? Let me know!

That's Technique #1. Stay tuned for next week where I will be discussing Kung Fu Crypto