5 Day Crypto Trading Course
- 3 hours on-demand video
- 12 articles
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- Crypto Trading
- Crypto Investing
- Buy And Sell Crypto
- Crypto Currency
What to expect the next 5 days
Day 1: Overview & Planning
A short intro day.
I'll quickly review who I am and what this weird word Enzlo is. Then we'll dive right into the different exchanges I use along with the fees associated with them. And the last thing we'll learn is what the difference between a maker and taker is.
This can take some time, especially getting accounts approved for fiat deposit. So if your really serious about this don't move on to the next days until you have your verification in progress or done!
Day 2: Succeeding In Crypto & Mastering Exchanges
We're going to review the differences of some of the top exchanges, their fees, how to join them and why we will be using certain ones. We'll also dive into why it's important to separate your trading and investing accounts. After that, we'll wrap up on some basic accounting information and how I keep track of all trades and make sure I'm ready for tax season.
Day 3: Crypto Trader Course (Making Profitable Trades Consistently)
Here's we'll start learning the rules, the importance of sticking to the rules. We'll dive into building your Trade Journal where you can document and learn from all of your trades. Then we'll wrap up with learning about TradingView and different time frames to view trades in.
Day 4: Crypto Investor Course (Finding your strategy)
Here we will look into swing trade and a few technical setups, why and how we'll diversify our portfolio, and the wrap up with looking into ICO's and Airdrops.
Day 5: Get Started & Stick To Your Rules!
In this last day, we'll touch on actually getting started trading. What are some good portfolio allocations and how to start your trading day. That includes building a watchlist first thing in the morning.
Also if you applied to join our Crypto Apprentice Program (CAP) you should have a call scheduled with us on the call we'll review a few important things and get to know you and your goals a bit more.
- Beginners looking to get into trading crypto currencies
Congratulations for getting started!
We all know the saying that, getting started is half the battle, but that doesn’t mean we are close to being done. The other half will require dedication to constant learning and practice.
Also, remember that nothing beats first-hand experience. It’s like a “relaxed” poker night with your friends, no one takes it seriously unless people have “skin-in-the-game” (even if it’s just 10 bucks). That’s why this five-day course is geared towards getting you to be able to trade as early as possible with small amounts.
At the end of each day, a quick checklist will help you move along without missing anything. The Daily Review Checklist for your first day you can find below.
Don't get overwhelmed
Whenever you begin a new journey, I think it’s important to take a step back and take a snapshot of where you are and envision where you want to be. Every week keep doing the same thing and you will notice the progress. We'll talk about documenting your progress a lot more in day two.
If you are 100% new to crypto than you might feel like there are an endless amount of things going on every day in this field. But don't worry this course is designed to make you understand all the moving parts and becoming self-sufficient.
The reason this is a 5-day course is so you can really take your time.
I’m the Co-Founder & CFO of Enzlo Inc and have been involved with online businesses roughly since 2010 - a year before I graduated from high school. I studied finance at PACE University and was a Day Trader while living in NYC before fully focusing on my company Enzlo Inc. I’m based in Florida but have been traveling quite extensively for the last 2.5 years working remotely or in Co-working spaces. If I’m not doing crypto or other Enzlo Inc activities, I enjoy studying Python, AI and learning instruments (non-financial) in my free time.
My brother Heiko (who you might know from the South Florida Fishing Chanel) and I established Enzlo Inc. in 2013 – at that time our primary focus was on building SaaS companies and various marketing campaigns for them. Now we have developed a line of our products and services that can run a bit more independently, plus we work closely and provide guidance for other companies to help grow and develop their businesses.
Mastering Crypto Exchanges
All exchanges can be used for both trading and investing. However, we will be trading mainly on GDAX and Bitfinex due to their interface and lower fees, volume and the ability to convert into fiat.
Let's make an account with at least the first 3 exchanges:
Coinbase/GDAX, Binance, and Bitfinex.
You'll notice that some exchanges take longer to get approved and you might prefer one over another. Also depending on your country, one may not work for you.
It never hurts to have accounts at multiple exchanges as you are guaranteed to run into some issues (such as deposit/withdrawal limits reached) at some point. When that happens it's nice to have an active account somewhere else to quickly use that.
Use the referral links for a quick bonus and to support this free course!
Why are Coinbase and GDAX listed as one?
These are from the same company. Coinbase is NOT an exchange for trading GDAX is the actual exchange used for placing maker and taker orders.
*GDAX is now upgraded as pro.coinbase
What are maker and taker fees?
It's fairly simple.
Basically, if you want to buy or sell something there are 2 things you can do.
Either you (1) look at the order book (we'll discuss this in the next chapter, but simply explained it's a list of prices and amounts people are willing to buy/sell at) and you see what price people are willing to buy or sell some underlying asset (In this case crypto) and you agree to make a trade at that listed price. In this case, you are a "taker", since you would be removing (taking) volume from the order book.
The other option (2) would be to place to add to the order book (make), create volume. To do this you set a price and order size you wish to buy/sell an asset.
1. Taker - removing something from the order book
2. Maker - adding something to the order book
As a Maker, you are increasing the amount that can be bought or sold on the market. Increasing the size of the orderbook is good for an exchange and in general, it's participants. Hence, why Maker fees are less.
Succeeding in Crypto
What gets measured gets managed
- Peter Drucker
The single best way to help guarantee success is by being accountable. In the upcoming days, you'll notice our obsession with documenting all of our trades. This not just helps with defining our entry and exit points ahead of time but it also gives us a chance to review and learn from every trade again and again.
If you are not keeping track of your progress and/or trades you'll either start deviating from the plan or lose sight of what you were doing all together.
Therefore in this chapter, we'll be diving into an excel spreadsheet you can use for your trading and investing. In day 3 and 4 you'll see how we use this sheet live. For now, we'll make sure you have everything set up and ready to go before you get trading. We'll also shed some light on how to keep track of all your crypto across many exchanges and be ready for tax season.
Measuring Gains/Losses & Potential Taxes
We use https://enzlo.com/cointracking (use this link to get 10% off any upgrades you choose down the road). Simply sign up by clicking on the blue link above so you'll have this ready when we need it. We'll be constantly referring to this site throughout posts, trades, strategies, and analysis.
One little thing to consider is making 2 accounts on https://enzlo.com/cointracking. One for your trading portfolio and one for your investment portfolio so you always can keep track of progress for each strategy.
This can be more complicated as it will also require you to have 2 accounts at each exchange. We only do this because we have 2 funds and this probably will not desirable for most people. After all, simple is almost always better.
For now, 1 account will be fine and less overwhelming to get started.
Create Your Trade Journal
One way to help stick to the rules is by documenting each trade before the trade happens. Sometimes you MAY be in a hurry for an entry and think to make the documentation after but this almost ALWAYS is best to do BEFORE getting into a position.
I admit I'm not always perfect here and sometimes do wait till after an entry but I'm getting better at following my rules. It's not easy documenting and creating alerts all at once but I enjoy it because it keeps me looking for only the best setups.
So let's dive right into how I document all my trades and how it's helped me.
Benefits of documenting trades
I don't want to point out the obvious but this is SO POWERFUL in helping your trading that I NEED to. Documenting your trades allows you to review all of your trades once you close out of the position, at the end of the day, and even months/years later!
You will learn by doing but you can exponentially improve your learning curve by reviewing and asking yourself how you can do better. That's why every one of my trades is documented and revied before, during and after.
Google Sheet Template (TradeJournal.co)
One template I have designed for crypto trading and investing is linked below. It helps me stick to the rules and document all my trades.
Make a copy the google spreadsheets template here:
How To Setup Your Trading Charts
When trading it's easy to get overwhelmed by all the options and different currencies to choose from, especially when using multiple indicators. So our goal is to keep things as clean and simple as humanly possible. First off, all we want on our screen is Price and Volume. With that, we can do everything. Then we want to get used to a few different timeframes.
Larger and Smaller TimeFrames
One of my favorite setups is going to TradingView and having a 5-15 minute chart open while I am trading. Then having another tab open with my exchange I'm placing trades on such as GDAX or Bitfinex with usually a 1-5 minute chart open.
This allows for me to find trends and find chart patterns (on the larger timeframe chart) while finding reversal, entries, and exits (on the smaller frame chart).
Other reasons we'll be using TradingView
1. See many charts from multiple exchanges
Don't be running around the web searching for a good chart. TradingView will save you loads of time by allowing you to build a nice watchlist in one place. We'll be learning how to build a watchlist in the video lessons.
2. Coin/Token Screener
You'll notice at the bottom right there is a tab called "Screener" we'll often be using this to find hot coins/tokens that are ideal for day trading. In day 5 we'll cover building a watchlist and that's when this really comes in handy.
3. Ability to view coin/token pairing in fiat
One of my little favorites. I don't mind viewing crypto to crypto pairs but I have a lot easier time conceptualizing prices in USD.