I believe you're saddened by the event of FTT and its inglorious collapse. Who wouldn't be. Nonetheless, we should note that there are also other exchange coins doing well that aren't scam. There's Kucoin, apart from BNB. BNB opened the floodgate for exchange coins to gain prominence. I recollect how some of us post-2017 delved into buying exchange coins, seeing the great run of BNB. I remember stocking up exchange coins like Tidex, HTB and a few others I can't remember now. As it stands now I don't know what exchange coin to recommend now that I know some of these present exchanges are fraudulently set up.

I get the point you're trying to make now. Every trader starting out will experience such adrenaline rush too once setups like that present themselves. The temptation is often high to not indulge the impulse. Talking about two - three candles (it's actually three, expectedly anyway, from the rule book) going down on the same pattern to trigger a reversal, we've to also remember that such is in theory and doesn't always reflect in practical reality. You've three bear candles and then there's a bull candle, vice versa. Let me quickly add that if you want to trade on that sentiment, you should consider higher time frames than short ones for better results.

Aha! @Pmalek and PX-Z, I finally found the text I was looking for. Ok, CZ didn't refer to a comment made here. Rather, he made a screenshot of Satoshi's profile to make the tweet (through official Binance) and retweet (through his CZ account). Here it is. I guess the little mistake on my part earlier was me not even remembering that I actually responded in a thread that mentioned something like that. Well, better late than never.



Source link: https://twitter.com/cz_binance/status/1602765573536071681?t=WbQantrob5Npe7xqwUU5Tg&s=19

From the two pictures you brandished here, PNL in the first picture is far higher than what we have in the second. What is $77 in profit compared to $509 in loss. Again, you didn't show us what your balance was in the first to enable anyone who is inquisitive know where you got liquidated, or you didn't? I doubt if you didn't on that trade. Anyway, this isn't to put you down but I would like to think that trading without a SL isn't the best way to go about it.

While I mildly ignore your other comments for lack of clarification, let me speedily respond to this in quote. Yes, "trading is likely to give everyone what he desires." Actually, it does give. It's just that the players don't often like the other side of what it gives. Everyone likes to seen the green (profit) side of trading and not when it turns bloody red (loss). Trading is risky just the same way it's lucrative. One only needs to get a handle on it and the whole keys fall in pleasant places.

Already, there are discussions on this and some quarters are of the opinion that this momentary rally experienced in the last few days that has taken Bitcoin from the $17k region to $23k was expected last November to December before the festivities. Those who argue that are of the opinion that January is usually a dull month for Bitcoin pull up. Well, I know of certain that in cryptos nothing is guaranteed to be the same every time. Just flow with what is happening. I do see your point anyway. I'm also of the opinion that we aren't likely to see another ATH yet until after the halving in 2024.

Your comment there is somehow ambiguous and I'm lost trying to decipher what's in there while balancing it with my position. May be you will care to expatiate on that.

If you're a genuine newbie and you already understand what you uttered there and keep to it, you're of course standing on the shoulders of giants. You will achieve more in this industry if you don't get distracted. Nice observation. Keep it up.

There's a possibility to this angle. This is the major reason I stopped participating in airdrops. Till date, I suspect that my personal data which I used for past airdrops and bounties before now would be chilling in someone's archive. I hope they don't get used for something sinister, anyway.

I haven't ever updated anything going through email messages. In fact, I like to update my apps through the same source I get them. If I get an app from Playstore, I make it a matter of guideline to update that app through playstore. That's the way I play. With that I keep off random upload.

I think so too. While we empathize with Yahoo, we shouldn't drag his health into discussions that don't need it.

🙆‍♀️ Isn't it too early for "Vawulence" advocacy, ehn engineer? Come to think of it, this forum has been relatively peaceful for longer time than when I newly joined. There were a lot of dramatist personas in the imbroglio I can't remember now. However, I do remember that many of them then were veteran members bickering at one another and literally drawing blood. We've relative peace now than before despite the little skirmishes here and there now. Let peace continue to reign.

Yes, this is everyone's guilt. I've some posts I deleted too, especially ones I found ridiculous or unnecessary. I left a few funny onliners to remind me of my noob days. I see you still have some of those funny one-liner posts too, probably to remind you of your days of early beginning here. If you're counting 10,000 posts since your registration (despite the ones deleted), we can say you've an active presence here. Keep it up.

Well, then, you must be one of the very few early members of this forum (pre-2015) who doesn't. I get to read comments here where veteran members talk about how they easily place other users on their ignore list because of slight provocation or disagreement in principle. For me, I don't have any ish with users placing other users on ignore for whatsoever reason because I know it's a matter of choice and doesn't get above that. The one I don't like is when users try to lord it over others like they hold the oxygen they breathe.

No, that's not it. I just hate that I didn't screenshot to save it when I saw it. I've looked for it since your comment but can't find it. It ducks really, knowing you once saw something but can't produce it as an evidence.

Nope, that wasn't the tweet I was referring to. The tweet in question was made way back than the one PX-Z shared. It's absurd I can't trace it again. Hopefully, someone can dig it out.

If you're sure an instrument you're trading is in uptrend, you just have to resist the temptation of taking shorts on it no matter how certain you think it will dump. Only look out for long positions. Don't swim against the tide, like they say. Trading against the trend is analogous to swimming against the tide. Anyone who attempts that will always fail at it. The market is of course the teacher. It has never lost against any trader.

Let me give you my take on that straight away. I think managers like that are being unnecessarily strict. When one even goes through these managers own post history too one will discover that these managers aren't fantastic posters themselves. I've observed a few of them. When they run out of managing campaigns and apply in other people's campaigns some of them don't even make it in the selection due to poor posting habit. That one has an opportunity of managing campaigns doesn't mean they're excellent posters. However OP, you ought to have dialogued this with the said manager of your vexation rather than make it an open discussion. Secret rebuke would do a better job than this open confrontation. Going forward, the one I hate with a passion is when CMs deny users their weekly pay because they missed the maximum weekly post count with a whisker, sometimes with just a post or two out of the 25 or so max. That's pure wickedness. Why not penalize the user than deny them pay completely. This is why pay per post is better.

Then you go to war if you knew 😂. I believe there are users you ignored too. Would you want them to know they're ignored by you? I think it's best not to bother one's brain about a minute issue like that. I'm sure there are users on whose ignore list I am but I don't want to let that bother me a bit. They must've their reasons for taking such an action but I'm not going to be bothered by their action. That's a past for me. Anything past shouldn't be a weight on anyone. There's a reason a vehicle's windscreen is bigger than its side mirrors. The windscreen sees the front and that's the future while the side mirrors are for things behind (past).

To be honest with you, that doesn't surprise me. After CZ tweeted in 2022 about a post that was made in this forum 13 years ago or so I concluded he has an operational account here. If not, how did CZ remember such a simple post that wasn't even elaborate. Come to think of it, I believe it's a good thing that Binance is doing stuff that cast this forum in good light and pushing it in the faces of people. I love that. I actually stumbled on this forum through Google search too from hitting CMC, getting to Bitcoin through that and then to this forum from there.

Well, as a teacher I like to tell my students all there's to what I'm teaching them. I let them know the facts from the beginning and not hide anything from them. If I know of a trader I can cite as an example who is earning well at the time I'm teaching them I don't think it's good not to let them know of it. For me, it's a no holds barred situation when it comes to knowledge. So, are you saying newbie traders shouldn't be told that there are traders who live on trading because you don't want them to start thinking they too can achieve that height that early? I believe not laying it bare will even limit the potentials of the newbie traders.

I used to write my trading plan down on a note paper when I newly started and would consult it when perplexed. This day the whole plan is at my finger tip, ingrained in my mind. All I've to do now is run a check when I get series of losses to ascertain if I'm still on course. As it's the case, a lot of trading plans fail during ranging markets but will do well during rallies (both in bull and bear).

Every trader loses money, inclusive of profitable ones. I used "profitable" instead of professional because I believe profitable traders last longer in the business than professional traders. Both make money but one outlasts the other in the business. I've read about certain professional traders who later got wrecked. Sometimes professional traders get carried away by their wins and become too arrogant and mindless of their trading plans. Once that happens, it often leads to burnt or wrecked account. Again, we've to remember that it's not true that there aren't traders who make a living solely from their trades and depend on doing some other businesses. There are traders like that, only that the number is infinitesimal.

To be sincere with you, trading traverses indicators. It has to do more with Money Management (MM) and control of emotion. If you've the best indicators but lack the aforementioned two you will still mess up your account. BTW, all the indicators you mentioned lag behind price. They're called lagging indis. They don't go ahead of price and anything that behaves that way shouldn't be completely relied on. For me, I rely on Support & Resistance, Pivots and Trendlines. They're leading indicators. They go before price and wait for price to hit them and react.