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.

Not your node not your coin, Bluewallet wants users to start connecting node directly.





If you are using Bluewallet lightning node (connection to Lndhub), withdraw you bitcoin. To red more about this if you are using Bluewallet lightning node:

https://twitter.com/callebtc/status/1628748275942625282?s=20


Continue to read:
https://twitter.com/callebtc/status/1628748275942625282?s=20
https://cointelegraph.com/news/bitcoin-node-connection-shuts-down-bluewallet-users-urged-to-withdraw-funds

If your tool is good, some people will be interested. But as for me I do not need such tools, I have been using those exchange indicators for everything that I need about trading.

If what you are saying is true, it will bring a convenient way for trading, but that does not mean the trader will make profit. You can set RSI alert to 70% and you sell, but that may be the start of a bull market in a way the indicator may stay around 70% or increase higher as a result of the price of the coin you are trading continue to increase.

What I am just saying is that indicators can fail, but having the alert for the indicators can be helpful against checking the chart all the time, which can reduce the time spent for trading.

Have you heard of the traders that thought they were good in bullish period like 2016, 2017, 2020 and 2021? Traders that have the kind of mindset that they just need to buy or open a long position, they will make profit and they are good until the bear market comes. Also some traders that often go short during bear market may think they are good until another bull market comes. You are not wrong by saying a good trader can make profit at anytime irrespective of the market condition, but trading towards the trend can help.

I will advice you to go for both and see the one that is more good for you. As for me, I prefer football and I like betting on football. I will also advice you to choose the one you like, it depends on preference.

As for the football prediction site, there are many of them, some gambling sites even have their own. I mention that to just let you know that prediction sites can help, but not up to 100%, even not up to 50%. You can make use of prediction site and still lose, so be wise. I use soccervista and Zulubet the most.

This is true, swing traders may not close a trade for two days if he believes in his analysis and if the market has not been favoured, but this may be what may lead to liquidation at times. A day trader can open a position and his analysis may favour in few minutes to just one or two hours, normally that is scalping if he close the trade, but still he is still a day trader. It is hard to differentiate between a day trader and scalpers at times because day trader may scalp while scalpers may leave a thread for a long time than minutes and hours just like day traders.

We have similar discussion here on gambling board: Any Casino Android software. The opening post is kind of different from yours but of similar replies about the preference of people. What I noticed is that some people prefer mobile phone and mobile apps for easy access while preferring computer gambling websites and apps for having better interface.

I have noticed that many gambling site do not bother to have a mobile app, while some do not have app at all, but while the website is user friendly and easy to be used to access the gambling site. Computers are better but I have seen myself more convenient using mobile phone likely because of easy access.

If what that happened last time did not happen this time, I am not expecting bitcoin to go below $17000 to $20000, because it was the FTX FUD that plunged bitcoin to $15500.

But for anyone that do not have the mind to sell bitcoin soon but waiting for months or years before selling, the person can buy now or start DCA which is better.

If you are the type that trade with $1000 or lower amount, the trading fee is not high. Trading fee is on percentage, and on the exchanges that I have used, it is around 0.01% to 0.05%. but trading with huge amount of money, the higher the fee.

Regulation is not a problem for some people because they do not see providing their identity document for verification purpose to be a problem, but there are still some no KYC exchanges, they are centralized though.

Current list of exchanges without KYC

Although I only have more confidence on Kucoin.

Unpredictability like exchange hack and data breach are the main problem for crypto traders.

Some traders can trade using decentralized exchange which I have seen before on exchanges like PancakeSwap which you can go up to 200x leverage, but I have not used a decentralized exchange like that to trade before, so I do not know the risk involved.

All I have known is that trading is not easy, it can be a means people can lose what they have earned. The best is to trade in the trend direction and having more long term trades like swing trading can be the best, or even just hold. Some people want to scalp or day trade, but losses chased them to be a swing traders or holder.

In day trading, I have noticed one thing, that you need to use the amount of money you can afford to lose, do not see it s a means of making money until it turns out to be like that for you naturally, because thinking like that can get you to an extent of you seeing trading as risky as gambling because naturally it is.

I check the weekly candles for this, using the BB and RSI. The more the time range of the candle stick, the more can be the accuracy, but indicators may not be accurate at times.

BB weekly candles are indicating overbought market already
The RSI weekly candles is at 71 already which also indicates overbought market

Likewise the MA, EMA and other indicators will already would be indicating that a slight bear market can result this time, if the weekly candles are used for the analysis.

My opinion is that it is possible that $25000 would be the resistance for now and possibly that the market can fall to $20000 again. But I can be wrong because indicators can fail.

The professional traders too lose, even some of professional traders may win more often but find themselves having bad luck because that is just trading. But anyone that follows the right step have the more tendency to have an overall win than loss. Fir beginners, they can trade too, but they should consider themselves s beginners and they should use just little amount of money that they can afford to lose because they are more likely to always lose as they continue to learn and having more experience in trading.

Someone that waits patiently for a significant bear market and see an opportunity to trade by opening a long possible during bull market will think he is a good trader, this is because the market is on the bull side. The market trend can help a trader, but no good time for a good trader, they trade during bear and bull market and they make money from it if they are good enough not to make losses instead. If you trade and lose, better to stop trading at that time and wait for next time to let the right mindset to set in you before trading. Profit can be usual, but losses can be at anytime.

Never mind I will use gambling as an example, if you gamble and you are an addict, you will have lucky days, but addicts have losses than making profits. Trading is different from gambling, but many traders are like gamblers, while many learn but still losing than making profit. It is not about lucky days but about being a good trader.

Exactly.

Advice him to just hold. Tell him to take an amount he can not afford to lose, after taking the amount, he should not put more than $20 to $50 to be learning how to trade. Some people may not want to agree, but in reality, trading risks is similar to gambling risks. For beginners, trading can be dangerous than gambling. The money he make after many months from that little amount of money used can determine if he should trade or not.

He has a lot to learn if he wants to be a trader. Three of which are most important are risk management, having good strategies and also learning trading indicators.

Binance moved to zero fee trading many months back, this is one of the reasons that many traders prefer to use the exchange and they have more bitcoin trading volume. That Binance has 98% out of the 100% of the world total, that is not what I can believe. You do not have to believe everything that you see online, some are just fake information.