I have opened positions before that I will start to lose in a way that I will think that nothing good can come out of it again, but in a day, two or three days, the market will just come my direction and I will gain. That was when I knew that leveraging which can make someone to close trade very fast or leading to liquidation is not good. I think this is what you are talking about, that not all trades that first go against the position you opened that may not lead to a profit but later lead to profit. I understand, that is correct.

But that should not be a good reason to disable PnL, I do not think that is even possible on exchanges. I have used more than 7 exchanges before but I did not noticed that, maybe because I do not see it usefulness though because PnL makes traders to know fast the amount of money they have gained or lost. If low leverage is used and going for a good coin like bitcoin, no problem.

If you want to disable PnL, then why trading at all, knowing the PnL in trading is very important. People that I do see this can encourage are holders, people that do not want to sell for over long period of time, it is good for that kind of people not to look at their wallet or they should disable the fiat estimate, that is possible on many wallets.

I have a friend that wants to buy bitcoin, he wants to hold it for a very long time, he has no device he can use for it and only what I can think about now is for him to go for a paper wallet and he accepted after I explained about it to him, but the problem is that he does not have a computer at all. What I think he should do is to create a paper wallet, but he does not have the device which he can use.

He has an Android phone and he is ready to format it to make the phone look like new, install a bitcoin wallet on it offline and use it to create a paper wallet. The problem is that he can not remove the bluetooth and wifi, he can just only not enable them and make the phone to be offline. Is that not enough to create a paper wallet?

After he use that to create a paper wallet, he will format the phone again.

Emotion is just one of it but not all.

Others are:

• look for the right strategy to use
• learn about risk management, very important
• learn about indicators too, do not gamble with trading but learn instead
• continue learning
• be careful of the coins you are using, some traders are using the wrong coins and they are losing just because of that
• do not go for profit that you do not expect loss in return that you can not cope with, do not use leverage or over-leverage. I mean use low or no leverage.

The person should continue to use low amount of money until he gets it right. The person might thought he is not having emotion, but using higher amount of money when the person is still losing is a sign of him not having control over emotion that is tempting him to use more than he can afford to lose, which is very wrong type of mindset in trading.

There is nothing that I learn, but we should not use more than the amount of money we can afford to lose to gamble. Drake's networt as of recent is $260 million. The guy knows what he is doing and I do not yet see him as an addict.

What newbie gamblers can learn is still that they should know that in gambling, the gambling sites have house edge which is a means the gamblers are the ones losing more while gambling site gaining more. Which means they should not take gambling as anything than fun and not spending more than necessary on it because they are prone to lose more than win.

The types of trading that I know are just scalping, day trading and swing trading which are based on the time the trader wants. Scalping which requires few minutes to like an hour, day trading that requires hours to like a day or 2, swing trading that requires few days to weeks or a month.

But there are other forms of trading like arbitrage.

What is the difference between position trading and future trading? Aren't they the same thing.
Option trading is also part of future trading.

Algorithmic trading is not what should be considered as a trading type:


Options and future trading are derivatives. Margin trading is never in the category of future trading, they are very different but just that they both make use of leverage, but how it is done is different and the leverage you can go up to in future is far more than in margin trading, both should be considered separate.

The types of trading that I know are scalping, day trading and swing trading. But in crypto, it is worth knowing derivative trading which is what traders are using to scalp, day trade and swing trade.

Blockchain wallet is not a good wallet if I should say my opinion too, but the wallet I can tell you also depends on what purpose you are holding for and what amount you want to hold.

If you having low amount for frequent transaction, you can use Electrum.
If you want to hold big amount, either for long or short time, buy hardware wallet. If you can use cold storage it is safest too because the private keys are not online.

Be reading about how you can safe yourself from attacks even if you are using cold wallet, still be careful of malware.

I will consider bitcoin as part of my retire plan. If possible I can use the retirement plan for buying assets like bitcoin and gold, I will prefer that. I m not having the fiat mentality because fiat value will always get to reduce.

I am not a type that have to depend on anything like government or anything that have to do with retire plan because I work for myself. I prefer my savings for the future not to be in fiat, it is better if I have asset instead. During a massive bear market, it is another good sign that I should save in bitcoin.

Land, properties like houses and lands. There is important one too that I have not mentioned yet which is bitcoin and also some altcoins that are of good marketcap which I believe can make me 10x or more in some years to come.

I do not like spending money on things like cars because I do not have the money yet, if I have money for it I can buy myself a car to make things easier for me but I just do not joke with something I think its value will increase with time.

With the little that I have as for now, I will prefer to use it to invest on bitcoin and good marketcap coins because they are easy to buy.

Bitcoin ming reward was 50 BTC before. I can ask a question at the time that bitcoin mining may not be profitable in 10 years when the block reward has reduced to 6.25 BTC. That might be what some people may think but not what that happened. More people join the mining and the hashrate increased. What I think is that transaction fee will gradually replace mining reward and we are still continue to see increase in hashrate in a way that the bitcoin blockchain is still very much secure.

I think what the OP means is that it is possible for bitcoin hashrate to continue to decrease if all bitcoin have been mined because miners may not see it profitable again and leave mining it, and maybe for other altcoins. Layer 2 solution like lightning network can help in scalability issue but can not help in strengthening the bitcoin blockchain.

Since I have been using bitcoin and some other cryptocurrencies, I have prefer to send using them instead of using fiat, sometimes it is more convenient for me to send bitcoin.

There has been many situations that a friend and I will have a deal and I will prefer to use crypto.

If other people are feeling like I do, the number of people that are using cryptocurrencies are increasing and such people are also looking for ways to use bitcoin for payment too. That is a good reason enough.

If using 5x, you will be good to know how to use stop loss. Stop loss is not my thing because of the low leveage I use, during high  volatility I have just little losses if trading bitcoin. Sometimes it is good to know that the more we are looking for profit, the more the loss if the price direction is opposite to the position opened and also the more can be the emotion.

I understood you, but just I only corrected you, there is nothing like 0 leverage. At least you will use 1x leverage in future trading. Or did you mean future trading should no be gone for, is spot trading is what you are suggesting?

I think so too, all I can do for leverage sometimes is to just go 3x if the market did not favour, and if gone 3x it must not be more than because that kind of averaging is also very risky and can latter lead to liquidation if you continue to increase it. I prefer to just start with 1x and if profit result, then close the trade.

Playing for fun might help someone to win but the person should consider a big win a lucky day because playing for fun does not guarantee winning, it only guarantee not to get addicted if you have the right mindset.

Play for fun can be different too, some people can say they are playing for fun and also fun to spend high amount of money on gambling, that is a false sense of fun, it is not fun but addiction or irresponsible gambling.

Be it playing for fun or playing for anything, what is most important is to never go beyond your gambling budget, which means you have control over it.

This can be possible for altcoin traders because altcoins are more volatile, unlike bitcoin which is less volatile. Or for people that wants to go for swing trading.

Another reason you can go for this option is if you want to leverage, but the more the risk and closer the liquidation price.

Since many days ago, bitcoin increased to $25000, have not decreased to $22000 yet. Let use use this two price range for the calculation.

$25000 / $22000  *  $1000 = $1136

That is just 13.6% for swing traders.


There is no 0 leverage, leverage starts from one which assume the spot trading type of an asset. If you do not want to use leverage, you will set the leverage to at least 1.

I have done most of the calculation above to know how 13.6% is what swing traders that trade short term and go short position since when bitcoin falled from $25000 will still be expecting to gain because bitcoin has not falled up to $22000 since that time till now.

Although I understand you that $5 which is 0.5% is too small, but 30% is also too very big for scalpers and day traders.

One of the mistakes traders do make which I have made in the past is to be looking for a better profit. A good example is when having $1000, looking for a way to make $100 or more daily. That would be when leveraging it will come to mind, but leveraging is one of the reasons some traders find it that they are continuing losing.

As an experienced day trader, or a scalper, if you have $1000, what profit will you be looking for? Also what amount is your stop loss? What leverage would you prefer to use?

Recently I find it more profitable to earn just $5 daily either through scalping or scalp trading that is turned into day trading. I am not using altcoins for this but bitcoin.

If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.

As good as Tottenham Hotspur is in EPL, I have always noticed that they all the time find it very difficult to defeat Chelsea, it is either Chelsea wins or they draw. This makes me to check their head to head, in the last ten matches, Tottenham was not able to win Chelsea, they always draw or Chelsea wins. But in this season, Chelsea has gone so much bad which is making me to change my prediction that Chelsea may either win or draw because Tottenham is far better this season. Chelsea may find this time unlucky.

In crypto, I do not yet know of free indicators that will give you alarm for several indicators. I only know of setting price and you can be notified when the price is gotten to. But if talking about notification messages for indicators like BB, RSI and other indicators, I have only known of the paid ones. I have heard that some exist freely in forex trading, but I do not know how true it is because I am solely a crypto trader.

That would be nice and excellent, especially if there is notification when the candle stick price of a coin set reaches the upper, middle or lower band which is what traders are more concerned about.

It is nothing, never mind about it. OP means opening post and it is used to refer to someone that started a thread just like you started this thread, you are the OP of this thread. You can even see that on your username when posting on this thread.

I have heard some people that make use of TradingView, the paid one though. What I mean in my post is that I do not use paid indicators which can do such work and I mean that you are welcome with your idea.

How about RSI? As for the ones that I know, you will be able to set the number from 0 to 100 that you want the alarm to trigger, I hope OP indicators alarm would work like that too, in a way you can set it to any number that you want.

For many traders, you have to be looking at the chart to know when the market price of a coin has already touch certain part of an indicator, with the alarm, you do not need to always watch the screen or be checking the chart always.

Just have a gambling budget and never go beyond the budget. You can make the budget to be weekly or monthly and never go beyond it. If you are going beyond your budget, it means gambling is becoming something else in your life. Since I have started not going beyond my budget, my gambling habit has been good ever since. Also worthy to note that my gambling budget has never been more than 5% of my weekly income, it is even lesser than that sometimes.

My experience is more on sport betting, I do not gambling more on table tennis often like football, all matches I have chosen before in table tennis I have not lost a single one, but just occasionally, unlike football that I gamble on most where the losses are coming from. I do not bother about that and I keep gambling on football because I enjoy it more, especially during the big leagues playing. This can occur to anyone in both casino or sport gambling, but about casino, I do not think it would be pleasurable to the extent that I will lose and keep playing to keep losing more, there are other slots and games that are available on casino sites that I can choose instead.