Great post and I wish steemit had a sticky or pin option because this is one of those special posts. ??

Thanks Luc, very timely video. I needed this

One of your all-time great posts, Luc. The "hope it goes down more" mentality, and "participate in every bounce" ... pure gold. Thanks so much for sticking with us.

This is a FANTASTIC post!  I'm kind of ashamed to say it, but I made that mistake in a lot of my alt trades earlier this month.  The ones where I didn't layer in and layer out, I'm still sitting with.  I expect they will come back, even though it will take a while - I'm patient.  ;)  But, the ones that I did layer in and out (just like you described) were successful and profitable trades.  Your video just crystallized this for me in my mind.  Thank you for sharing your wealth of knowledge!  You are a God send!

Hi Luc, thank you very much for going over ADX. I was one of the traders who didn't follow the system correctly and got caught up in that one. I've been great at layering in but up til now, I've been very lax in both layering back out and participating in every bounce. Just lazily setting the entire sell right below the base and calling it a day. That usually works but it bit me with ADX. When it went south, I shamefully panicked and got out with a small loss. The thing about your method is it is deceptively easy but once you dig in, it's fractally complex. Laziness is the culprit on my end though. I figured, yeah yeah layering out whatever. The more I follow this way though, the more I realize everything Luc has demonstrated is necessary to keep those probabilities high. So, thanks Luc and carry on! I love and upvote every video.

Hey Luc,

Really been enjoying your vids, as everyone else has here.  You make a lot of sense, and kudos for helping all of us make some money on the CryptoMarkets.  
As a newbie, I am trying to find the best exchange to use in order to make trades quickly and securely.  I was looking at Krakken (sp?) but read some posts on reddit that they are not the best for day trading — trades happen slow sometimes, and other times not at all.  
Which exchange do you recommend to get started trading with?  Obviously it takes some time/effort to get verified on these exchanges, and I'd like to go with the best first, instead of wasting time and/or $$ trying to find out for myself.  

Thanks,

JW

Excellent video and trade method, I've been doing something similar and had bad and good trades but in average good, thanks for sharing

Great video, thanks a lot. The nuances of your strategy are finally starting to come together in my head :)

For every winner there is a loser, more or less. Are these losers not traders Too?

Hey Luc, great video as always and thank for such amazing insight.  

For the current state of BTC, the last clear base appears to be at 3500, which is obviously now quite far away from the 5700 its sitting at.  When it starts to panic what are you working off of?  Are you waiting for a nice panic and then strong reaction to identify a new base before buying? Who knows when or if we ever crack that 3500 base.......

Hi Luc, this is the ADX back in "real time". 
How do you decide to exit the bounce (participate)? Is it the last red bar that shows you the resistance or?

https://i.imgsafe.org/44/44e2e498a6.jpeg

Thanks for your different style of trading, looks promising.  
But what if the chart keeps going down, like ETC since september. Would you be keep on buying and buying? At a point you will be feeling sorry you bought in, and want to get out...

Edit: Never mind, I found an answer in one of your fine video's. Thanks for you sharing this awesome technique.

Thanks Luc for another insightful video. Cheers from the Netherlands :)

Some daytrades
https://www.coinigy.com/assets/img/charts/59e34d30b4d89.png
https://www.coinigy.com/assets/img/charts/59e34d632fd06.png
https://www.coinigy.com/assets/img/charts/59e34e122110d.png

first time taking profits on BTC
https://www.coinigy.com/assets/img/charts/59e351f237cf9.png

Hey @quickfingersluc would I be able to get an invite to your slack channel? Thanks

I'm always getting that feeling that this is getting ridiculous. Thanks for the simple refresher.

I get it NOW.  Layer in on panics and layer out on bounces.  Can't believe I missed the layering out part.  Thanks Luc.

By participating in a bounce (with limit sells I set up last night that were executed while I slept) I was able to layer out with a 1% and 4.5% gain.

![](https://steemitimages.com/DQmTgXKvyQEKBUMofqgP9jqMU6DW5yP4iTcnC7Y5cWyuMF3/image.png)

I look forward to participating in EVERY BOUNCE going forward.

Thanks @quickfingersluc

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Thanks for another great video Luc, like others this really helped crystallize it for me. 
I have a question about down time. The cryptos are open 24/7, how do you deal with this, when for example it was a slow day, your about to shut everything down (or not, do you shut off your computer?) and all of a sudden things pick up, you were just about to go to bed? Or even better you got into a coin, expecting a bounce and it didnt happen as fast as you thought it would and it is way past bed time? This last one has kicked my but several times, just missing the sell with my stop. 
My main motivation for this question is that my wife is not digging my new choice of career direction. Mostly because of all the interruptions at odd hours and it would certainly be easier if I had an external office, but then I would feel like I am missing out on some really great deals on the flip side? I suspect as a new trader I may be a little over enthusiastic, but in part I think this is part of the territory. I would appreciate some in-put from you and others that have found some systems that function better than mine. Thanks.