In times of uncertainty, like now, we aren’t seeing dominating bull or bear trends in the market. And in fact, as much as 70% of the time, markets are moving sideways and not trending either way. In sideways markets, like right now, picking the right assets to trade and the right plan to trade are more important than ever. That can mean using more indicators like moving averages, MACD, and candlesticks. It can also mean sometimes playing the long side and sometimes the short side of the trade.
And with Breakout, you get one of the most advanced trading terminals in the market today. You can see it here on the screen. Plus, they are the first true prop trading firm in crypto. Meaning that you can trade with more size, get more upside, without risking your own money. Let’s see how Breakout does it and why you should try it.
Intro to Breakout
Breakout is a prop trading firm. A prop trading firm lets you bring your plan and trade it. Using the firm’s money.
Most specialize either by assets or by trading strategy. Some specialize in foreign currencies, and some specialize in index arbitrage opportunities. But either way, you use the firm’s money, and you do a profit split with them. Breakout is one of the first to offer prop trading that’s completely focused on crypto.
Now, an important distinction here is that they do NOT teach you how to trade. You have to have your own plan, even if that plan is buy and pray. In fact, it says it right in their contract that they provide no advice or education.
You bring your plan to them. Our Altcoin Buzz Alpha group can help you formulate that plan.
So how does it work?
First, you purchase an evaluation. Evaluations require you to make a 10% gain on the demo account they provide you, while staying within their maximum and daily drawdown rules. If you choose a 1-step evaluation, you can even do this in one trade.
Based on the evaluation, you ask for and the fee you pay will determine the size of your account, ranging from a $50 fee up to $800, depending on the account size. As you can see here, one of our team members at Altcoin Buzz got a $100,000 account. But you can start as low as $5000.
Then you go into a trial phase where you paper trade and see if you can follow Breakout’s rules on taking losses and maximum drawdowns for a day in your portfolio. If you show you can follow the rules, then you pass, and you get your account like you see in the image here. And remember, you get to trade with their money and make bigger trades. Now let’s check out the terminal.
The Breakout Terminal
After you’ve completed your evaluation and passed, you are now ready to trade. Here’s what the terminal looks like. First, you can see how to get into the terminal from the Dashboard.
Then, you see the terminal open, and it looks similar to TradingView or other high quality trading software. Here we are looking at Tron’s chart. There are 2 lines here. A red one and a green one. That’s because our trader is comparing the 20-day moving average with the 50-day moving average. When the 20-day crosses over the 50-day, that’s a buy signal. It’s one of the most common versions of the golden cross.
Next, he had Bitcoin on his buy list. It’s not as good a deal as it was a week ago, but what can you do? You can see that you can go long or short from the trading terminal. This is a big edge, especially in non-trending markets like we have now. Long term things are bullish but short and intermediate term, we can’t see any directional trends.
Various Orders
As you can see, you can make a market order or a limit order. That’s pretty typical. As well as a Stop Order or OCO order. OCO means one cancels the other. This is if you make a couple of buy orders at different prices trying to get filled at the price you want.
On the right, you can create and monitor your alerts. They are all based on price. For example, you can receive an alert if ETH drops below $1700. Then you will get an email notification as well as see it in the terminal.
Finally, our trader bought 0.1 BTC with his portfolio.
Now, as I said, our trader was watching Tron to see if the 20-day crosses the 50-day moving average. They look about to converge, so our trader bought 100 TRX, too.
Then, our trader is looking at the ETH chart. And man, it is bad. There is a growing separation between the 2 moving averages. That means ETH is moving down faster and faster. Maybe it’s a good short candidate if you like to short the market. Or maybe you think all the worst stuff is priced in, and you might buy some at a discount.
But again, that’s the value of setting an alert for ETH based on price. Then we have the Trading Dashboard, as well as the Trading Journal. In the Journal, you can mark why you bought or sold something for your own records. You can use the tags available or create new ones. Here our trader marked the Bitcoin buy as an impulse buy and the Tron buy as a strategy buy since the moving averages are converging.
How to Sign Up
As you can see, the Breakout trading terminal is super powerful. Not only that, you can use price alerts and any of your favorite technical analysis tools. We just used moving averages to keep it simple.
Do you have a good system to trade markets? If so, you should give Breakout a try. You could make some good money without risking your own. You get up to 90% of the profits you make on the funded account, with daily payouts, and no maximum profit withdrawal.
Go to Breakout and put in this discount code QTWWL6 while you pick the account size and profit split you want. That’s all it takes to get started.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Breakout.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
