🚨How I turned 5-minute candles into $1000 in a week ( and why most will lose )

Trading on 5-minute charts is like Russian roulette with a nice bonus. While everyone dreams of a Lambo, I decided to check if a newbie can actually make a grand in a week. Spoiler: yes, but blood from the eyes is guaranteed.

Candlestick Patterns - Your New Religion

Each candle is a small drama of betrayal, hope, and despair. The open, close, wicks - all these elements tell a story. The "Doji" screams uncertainty in the market, the "Hammer" whispers of a reversal, and the "Engulfing" simply mocks your hopes.

I spent months learning to see the future in these Japanese characters. Half the time they lie, but when they don't... that's when the magic begins.

Choosing a platform - don't be an idiot

I won't advise specific exchanges. The main thing is quick execution and minimal fees, otherwise the greedy system will eat up all the profit. I've tried a dozen platforms before finding one that doesn't bankrupt me with fees and doesn't freeze at the most critical moment.

Three patterns that really work

Bullish Hammer

When the price is flying to hell, but suddenly bounces back. If you see that - buy! But only if the context is right, otherwise you'll be left with a hammer in hand and a hole in your wallet.

Bearish engulfing

A big red candle devours a small green one - like an alligator eating a zebra. The bigger the red monster, the better it is to short. But remember, on a crypto exchange, shorts can turn into shorts in the literal sense - you might end up without pants.

Doge

This cross-shaped candle screams "I don't know what to do!" A cool reversal signal... if only it worked all the time. In reality, it's like flipping a coin, but sometimes it works so clearly that it makes you want to cry with joy.

Inflows-Outflows: How Not to Lose All Your Money

Strict entry rules are like condoms: boring, but they protect against disaster. I only enter when a pattern forms at support/resistance. I set a hard stop loss - no "what if it bounces back". I take profit at realistic levels - usually 2:1 to risk.

Sounds boring? It is. But it is this boredom that brought me $1000 in a week, while others were draining their accounts in pursuit of "x's".

Technical Magic for Confirmation

I use the 20 and 50 moving averages as front lines. RSI below 30 is a great buy signal if it aligns with the pattern. Volume confirms the seriousness of the movement - without it, all patterns are just like politicians' promises.

Demo account: humiliating but necessary

In the first days, I was losing virtual thousands on the demo. It hit my ego, but saved real money. If you think you'll start trading with a real account right away - hello, loser.

Realistic goals: $143 per day, no fantasies

To earn $1000 in a week, you need to make $143 a day. Sounds simple? Try to refrain from unnecessary trades when you have already reached your daily goal. Greed kills faster than fear.

Risk Management: How Not to Have a Heart Attack

I never risk more than 2% on a trade. Yes, that means you need a decent starting capital. Trading with $100, you risk $2 per trade - at this rate, you will have to trade for about 10 years to reach $1000 .

After the battle: analysis of corpses

Every evening I analyze the day that has passed. What worked, where I messed up. This ritual is more important than trading itself. It is in this that the system is born, which ultimately brought me profit.

Earning $1000 in a week is real, but it's not easy money. It's blood, sweat, and hours spent in fear of the schedule. I reached this goal, but I saw dozens of people lose everything on the same path.

If you do decide to go for it - good luck. And remember: the market does not forgive mistakes, but generously rewards patience.