Where else can you do that except on the TON Chain?
I have learnt a lot to be able to write this to you. The programmers of #StormTrade and the TON Smartcontracts have also had to put up with many setbacks, but now it works!
*One thing in advance: I am not an investment advisor and everything I write here is absolutely not financial advice. So please do everything you do at your own risk. *
I also can't claim to have understood all the features of #StormTrade and know all the tricks of crypto trading by heart. I'm still learning myself and improving from day to day. In addition, technical innovations are constantly being added that didn't exist before.
This article is therefore not intended to be exhaustive and cannot start with trading with Adam and Eve. So you need to have a certain basic knowledge of the basics, so get yourself some books on trading and read up on the web, and also ask around in the relevant forums, some of which I've linked below 👇 .
Getting started
So I'm assuming you've traded before, on Binance or something, and know what long and short positions are. You also know what candlesticks mean and that they have little to do with a romantic dinner.
Now of course you are annoyed at Binance, as well as at every central broker, that although you have successfully completed a trade with a profit, you still have to ‘beg’ for the payment of the profit and Binance has at least the technical possibility to withhold your profit from you.
Add to this #KYC (=know your customer) and similar shenanigans and you really don't know what the central exchanges are doing with users' data. You even get the impression that some are setting up a centralised bogus exchange, but only to access people's data. But trading is not really possible here.
That no longer has to be the case, thanks to #SmartContract you get the profit fully automatically on your wallet as soon as the trade is completed or you end it yourself.
How to read charts and what all the formations mean, what a #MorningStar or #EveningStar is, what #Bullish or #BearischEngulfing means, what a #Hammer is, etc. that fills entire books and libraries, I will only go into that here in passing.
In any case, you need a #TONWallet, I recommend Tonkeeper If you work on a computer, the desktop version with a new W5 address really saves on fees.
For trading on the go, the mobile version, Tonkeeper has its own inbuilt browser. Then you only need to call up StormTrade and connect your wallet.
You can also operate Tonkeeper and StormTrade completely from the Telegram Messenger app, then via the official bot
Let's get started with trading
First visit Storm Trade and connect your wallet (I assume by now that you have one with a few TON in it, it doesn't have to be Tonkeeper if you like another one better).
At the top left you will find the 3 tokens with which you can trade as collateral: USDT, TON and NOT: 
Below are the assets that are currently tradeble with them, USDT currently has the most.
I now prefer to use NOT and the other two tokens only if the coin I want to trade is not available in NOT. There are personal reasons for this, which I will go into later.
If you now go to the individual assets, you will see the chart. I always display the assets so that the one with the biggest 24-hour movement is at the top (whether long or short doesn't matter!), this is then also the candidate that comes into question first for a trade.
If it has made a 2-digit move, so much the better, if it is even over 20%, then it's time to start analysing the chart.
As I said, I start by looking at the daily chart: If a clear uptrend is recognisable, it is clear that we will open a long position (green), because we are betting on the asset's profit.
Conversely, we go short if the daily chart is red and falls by 2 digits.
The right time to open a trade
I then switch to the 5-minute view, because I want to know how the coin is performing right now. It's possible that the last 24 hours have gone well and the turning point has just been reached and the trend is tipping back into the red, even if this scenario is rather rare.
As I said, the higher the movement, ideally over 10%, the greater the probability of making a profit with a long or short position: If the last candles of the 5min chart are predominantly green and in line with the daily chart, I open a long position, if they are red, I open a short position.
If the candles contradict each other, i.e. the 5-minute chart is predominantly green but the TC is red, or vice versa, I wait and see how the chart develops in the near future.
The perfect time to start a trade is not easy to determine. There is always some risk involved and the indicators, which I will discuss in later posts, should be studied.
The following rules of thumb apply at the beginning:
- Never bet your entire portfolio, because in the event that the trade develops to your disadvantage, you will have to add margin to avoid liquidating your position.
- Only ever trade with money that you could afford to lose completely, but no risk, no fun!
- Start with small amounts, between 10 and 15USD in the token of your choice.
- I would start the first few trades in TON. You need TON for the transaction fees anyway and there are enough assets so that there is always something worth taking a short or long position on. Later you can then create a portfolio with USDT and one in NOT.
- Don't throw in the towel if it doesn't work out the way you want it to the first time. There is probably no trader in the world who has never made a loss. The good ones are the ones who persevere, get up again despite failure and never lose heart.
- If you come out of the trade with a loss (usually stop loss), you have simply misjudged the chart, or the trend itself was right, but the margin was too small. Never mind, you'll do better next time!
Conclusion
So much for the first part. I don't want to overload you with information right away. In part 2, I will explain the correct setting of StopLoss SL and TakeProfit TP. These mark the prices at which you exit a trade and dealing with them correctly is an art in itself, which is why it requires an entire article.
If you already have trading experience and want to get started right away, please use this link here This will secure you a #StormTrade NFT and at the same time you can get more trading tips and news from the crypto world from our Telegram group, where we always reply quickly and promptly and where several experienced traders are at the start.
Until the next instalment, I wish you successful trading and good profits!