Only a few hours after completing The Better Traders Account Builders course, I put my knowledge to the test and quickly racked up a 15% return on STEEM_BNB in less than a day. Here’s how….
One of the great points of the Account Builders course at The Better Traders is the instructions on how to properly use the Poobah One scanner to find potential trades. In addition, a type of account building trade discussed in the course (of which there’s a few), is the Aftershock Pump. That’s right, as if it couldn’t be any easier, they show how to find the chart/coin with potential Aftershock Pumps, and then how to trade them.
So just a few hours after finishing the course I started going through the scanner looking for potential coins/charts to trade. STEEM_BNB immediately jumped out at me for a couple of reasons. One, the scanner had just correctly identified a pump, so an aftershock pump was likely – especially given the chart history and number of aftershock pumps that had already occurred. Secondly, the chart appeared to be pumping almost regularly, every 7 to 21 days, so it was feasible – if the market doesn’t go too crazy – that it will pump again. The title of this post makes reference to “Part 1”, which is the aftershock pump 15% gain. Part 2 will be written later – the outcome of which depends on if my hunch on the “cyclic pump” happens or not.
The STEEM_BNB Aftershock Pump Trade Details
Here’s the daily close Trading View chart for STEEM_BNB going back to April 22, 2020.
You can see there’s about four “groups” of pumps, each followed by at least one “aftershock” pump each. The Poobah One scanner highlighted STEEM_BNB on May 20 as a potential pump, which is how I was able to find the chart. After looking at the chart in detail, it was clear it was a good candidate for an aftershock pump. Again, I won’t give away the course details on how to use the scanner or how to trade for an aftershock pump, you’ll have to sign up and take the course yourself.
Now here’s the 15 minute chart showing the Buy and Sells which netted the average 15.7% return in only 18 hours.
Keep in mind, the overall timeframe took about three days. I put in the buy order with a trailing buy to catch the best buy price. After the coin was bought, it only took 18 hours to turn the profit.
For this particular trade on 3Commas I set up three different Take Profit points:
- at 10% profit for 25% of the volume
- at 15% profit for 50% of the volume, and
- a trailing take profit of 25% for the remaining 25% volume
This technique of taking profit ensures you make at least some profit in case the coin doesn’t pump as high as expected. You could then use some of that “taken profit” to dollar cost average your position in case the coin drops back down, given you a chance to get back in the game and make more profit on the next bounce or pump.
Here’s the details of the trades, including the bought price, the take profit points, and the average sell and overall return:
STEEM_BNB “Cyclic Pump” – Part 2 Preview
This “cyclic pump” I referred to earlier hasn’t happened yet (and I’m not even sure that’s a thing – I just made it up), but based on the chart there’s some likelihood it could happen. Here’s the chart showing what I mean:
See a pattern?
Either way, I’ll write about it in an upcoming post if and when it happens (or not). Off to put in my STEEM_BNB order in anticipation of the next pump.
Follow to make sure you don’t miss Part 2!