How to trade crypto like a Pro
Master the market with Hyperliquid and Insilico Terminal.
If you want to get serious about trading, this guide is for you.
Buy low and sell high. Sounds simple enough.
This guide gives you the tools and is half the story. The other half is about self-mastery and requires equal effort. More on that later. Let’s start.
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This guide covers two important (and free) tools that you have to get familiar with:
Hyperliquid - the best decentralized exchange
Insilico Terminal - advanced trading interface that connects to Hyperliquid
The point of this guide is to use these tools together and build on their synergies to take your trading to the next level. This is not meant for casual buyers that hold spot.
If you just want alpha, read Alpha Post #60. A coin on that list pumped 70% soon after I published it! The charts sometimes align for the perfect entry and you need the tools to capitalize on that. This is where this guide enters the picture.
Step 1: Hyperliquid
Why trade on Hyperliquid?
The best place to trade in crypto today
The largest decentralized exchange
Full custody over your assets
No KYC data requested = privacy
Deposit and withdraw native BTC
To create an account on Hyperliquid you need three things:
Our referral link that will grant you a 4% discounts on fees
A compatible wallet - use Rabby, the best EVM wallet
USDC on Arbitrum to credit your Hyperliquid account
Accept their policies and then connect your Rabby wallet using the referral link from above. Aim to have USDC on Arbitrum network in that wallet already so it’s easy to credit your Hyperliquid account. You can now also deposit / withdraw ETH or BTC on their native chains, but fees are higher.
Once your deposit is confirmed. You can move to Step 2.
Step 2: Insilico Terminal
Why trade using the Insilico interface?
Advanced trading interface that you can customize
One interface, infinite accounts (not just with Hyperliquid)
Sophisticated order types reserved for institutional traders
Automatic trading journal and analysis
They don’t store your data
It’s FREE
Once you star using Insilico, you quickly realize trading on regular exchanges using their interface puts you at a disadvantage, especially if you have a large trading portfolio.
Why?
Because they do not offer order types that institutions have. For example, on Insilico, you can chase a price with limit orders (lowest fee) automatically until you get filled. There is no such order type on regular exchanges. That’s intentional. Retail is dumb money, they don’t get the fancy tools.
Their interface may seem overwhelming at first, but the level of customization allows you to tailor it to your needs. Insilico supports a range of exchanges, but for this guide we focus on Hyperliquid which we covered already above.
To use Insilico you need three things:
An email account to register
A Hyperliquid account with USDC in it
To connect your Insilico account to your Hyperliquid account (see below)
Once you click connect, you need to approve and signs two transactions in your wallet. This connects you to the Hyperliquid account. In essence, every order you open or close on Insilico will be mirrored in your Hyperliquid account.
You can also enable the trading journal by going to Settings > Integrations and activate TradeStream. This feature is very useful if you want to track your trading and improve over time.
Customize the interface to fit your style, then you’re ready to go. After a few trades, check your trading journal and refine your strategy. If you need more guidance on trading indicators or how to trade levels. Start with this guide I did in the past.
Why is Insilico free?
Because they have brokerage agreements with exchanges which is similar to a referral system. The more volume and users they have the more lucrative is this for everyone. Users get a better interface and exchanges get more volume and fees.
Final words
The above trading tools are some of the best in this market. Use them to your advantage and get comfortable. However, they are only tools. To be profitable, you need to master the hardest part of trading.
Yourself.
Use these tips to get you a head start on mastering yourself and join our group on Discord. We have hundreds of Patrons there ready to support you further.
This newsletter is made possible with the generous support of our Patrons and partners. Upgrade your experience by becoming a Patron for lifetime access to our exclusive private alpha! Details are available on our Patrons page. All info is provided for educational purposes only and is not financial advice.