The first thing I want to see in a gambling platform is those benefits so I can determine if this is worthy to give a try and stay for the long-term. Sometimes there are gambling sites that is for short-term, the benefits are limited and there are only a few giveaways. Second thing is, I want to know all the information that a gambler must know before betting.
It's also a factor if they should stay here for the long-term or short-term. KYC is also a factor, some gamblers don't want to provide any information and just want to play anonymously. The last thing is, the certification that proves the legitimacy of the gambling site and its developers, that's another assurance for the users of the platform.
For me rewards and bonuses are factor especially to the newcomers because in that way, a certain gambler can be encourage to play in that certain gambling site if it have unique rewards and bonuses. The another factor for me is the withdrawal of the sites, there are many gambling sites before who have issues in terms of withdrawal so it is really important to consider after all. I also consider the reviews of other gambler whether it is good or it is bad before I deposit my funds there. |
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I've been in your position before so I started why you told us that trading is not for you, it is normal to get discouraged when we lose in trading especially if we have consecutive losses and when our capital starting to decrease. There is pain but I managed to overcome it because I have vision in my life. Even if I loss many times, I'm sure that I will get back and become more knowledgeable trader.
Being a weak hand trader doesn't mean that you are not going to be successful, all of traders are become like that but they managed to become strong hand trader through perfect practice and many experiences.
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OP, I really appreciate your thread. I am really a fan of using stop-loss and this should be a must for all traders, even they are just starting or learning. I also created a thread that just like this last year of August, if you mind, you can also visit my thread, they are almost the same concept, showing the importance of using a stop loss. My thread before: One of the Best Weapons in TradingI actually saw yours and it is a nice one and thanks for bumping it so more people can see the thread. I have a little problem with stop-loss strategy and that is once you set stop loss you are basically going to prevent loss, right but you are also working against yourself because you are expecting the trade to go wrong and sell off the asset to manage loss. But, think of a scenario where you sold off the assets and then the price later started to grow again then you regret because what could have been a neutral or positive trade was forced to be a negative trade because you chose to stop your loss. This is quite similar with panic selling when bitcoins go down. Right? I think you misunderstood the concept of stop loss, the reason why we are putting it is not because we are expecting to lose; it is just a strategy wherein if our bias went wrong or the market turned tide against us then we can prevent huge losses using stop loss. Traders have set of rules after all and I'm now well discipline, I do not regret whenever I cut my trades and when its price start to recover again. I have different plans in different scenarios so basically my execution is base on what I planned. |
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In fact it is easy to create new gambling sites, we only need to have a large capital to make new casinos can be realized immediately.
So I'm not surprised that many people try to make new casinos, but they all forget not to think about how to survive and make a profit.
Therefore we should not be too enthusiastic when seeing the popularity of online casinos is increasing, must do good research in order
to compete in the gambling industry. Do not rush to make new casinos, because of planning being mature is the key to success. Unfortunately
I see new casinos that are popping up now, not doing well planning and the lack of promotion makes it rare for new casinos to succeed.
It will cost thousands or even millions in order to start a new online casino that will be patronize by many gamblers around the world. I'm sure that we heard that many new online casinos that are not surviving because they cannot get enough market share for them to survive in the competition. Gambling industry is one of the riskiest industry, but a knowledgeable and skillful person can manage it easily through the use of his/her mind. There are a lot of factors that should be consider especially for those who want to create new gambling sites. |
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We don't have to choose and we have no choice but to be entertained with this setup.
I don't find myself to think if I'll be satisfied or not with this setup, we are in a global situation and don't choose if we will be or will not be entertained.
Let's give them a try, as for me, I am sure I would be happy once the games will return even with no home court advantage as personally I have seen a lot of games where not played in their home court but in just different venue, and that is from our local basketball league. It is what I'm saying. We have to give them a try, actually, we have to accept it that the setup is more like that this time. We can adopt into this setup easily being an audience, we understand what we have lately. If the players can adopt, there's no reason we can't adopt on it, they will enjoy what they are doing, we would also feel the same. As for me, I am more excited for the games to come back especially NBA as I can start betting again. I know it's not the usual type of game since we won't be seeing a crowd anymore, but man, as long as there's betting lines in my favorite sportsbook, I think I would not complain, and who am I to complain when they are trying give their best effort to give us an entertainment, and we don't even have to take the risk compared to the players who are having a contact with each other and could possibly get infected in a close space. There are a lot of bettors like us who are really excited to see that the NBA will have a comeback but for sure there are a lot of new strict rules in order to prevent the spreading of the virus in the court. It may affect the performance of every team but I will still make a bet because it is my previously hobby after all. During this quarantine, I just playing dice and slots and I'm pretty bored to do it. I think it is the time for me to bet again in live sports because the excitement and the feeling when I do it is really different. |
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As you know, everyone who is involved in Bitcoin, hold and trade Bitcoin should have understood the risks of these. Yeah, it really offers high risks. But, the risks will also depend on our strategy and the right decision. If you are only a follower based on the hype only without any self-analysis, yeah, the risks will really harm you, you will lose everything and you will not trust again in BTC.
But, of course, it is not as difficult as you say. here, everyone who is really gaining in BTC will always have our own consideration based on our making-decision, not based on hype. Our trust is based on the value of BTC. It is not only about how to earn more profits or lost. However, it is about technology, about what we can gain with this technology. This is about investment, not only about making money, this is greater than only making money.
but, whatever I said, you will not believe it because you only hate BTC. Well, for everyone who thinks the same, better you out of the risks that you may take. Please noted, every investment will always consist of risks. But the risk will depend on how you manage and overcome it.
Many are aware on how risky is the bitcoin investment but only few people are willing to handle the risk very well. I'm not even surprised when I hear someone lose money because majority of the investors doesn't give a care on what type of investment that they are into. Growing our bitcoins is hard but it will become easy if we will polish our skills and improve what we know. As a trader, my first focus is not earning bitcoins but learning new things. We should remember that we cannot grow our investments if we do not have knowledge on what it is. |
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For me, what matter is these 3 things: The exchange where it is listed so I make sure that the exchange is reliable and there are no issues of it, next is the volume because I want to know if I can get in and out easily in trade and third is its market capitalization. By considering this factors, you can easily avoid not good coins or project and you can lessen the risks that you are taking.
The scam projects and the shitcoins around the market are continuing to increase, by having enough knowledge for sure we can identify what is a scam project or what is a good coin and avoid scam projects and some altcoins.
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I do not think it will work, there are a lot of traders like you who are finding low market capitalization because they have hope that it will grow and its price will become expensive but the thing is, it not possible in this time and most of the low market capitalization altcoins are dying and being delisted. Do not waste your money in a altcoins that have low market capitalization and also have low daily volume.
I think it is better if you will just make investment in altcoins that part of the top 10 highest market capitalizations and volume. The risks will be lessening if we will just buy an altcoin that is popular and patronizing by many traders and investors.
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It is purely speculation especially if you will just base on the months and not to its price action and structure. It's been 3 months when the price of the bitcoin did sideways. There is still no clear direction whether the price is going up or going down. The short term period moving average and medium term period moving average are now crossing which means weakness. The current RSI of the bitcoin is now below 50 level which means a bad sign but it can still recover as long as the price will trail to SMA 20 and SMA 50.
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I found out that there are still a lot of persons who are being attracted or interested on joining in airdrops, there are no hard feelings but for me majority of airdrops nowadays are scam so we should not focus on it. Of course people want free money but they do not know that there are consequences that may get if they keep focusing to get free money. We can become a weak investor or person if we will not use our mind, airdrop before is good but now it is just a waste of time and effort.
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I believe setting stop-losses is just one side of the story. After determining your stop-loss, a pro trader should define how much loss he's willing to take. For example, I only want to lose $100 per open position out of my $10,000 capital. The size of the position should result in a $100 loss once stop loss is triggered.
What you just say is definitely part of the percentage based stop loss strategy, It is called VAR or the Value at risk. Why we should use it? In order for us to know how much capital are we going to put in a trade and also to know how much risks are we going to take. The ideal risk in every trade is 1%. The formula to get the bar is you going to divide the percentage stop loss that you prefer to your 1% capital. For example if you have $100,000 as a capital and your plan is to have cut loss whenever the price reached -3%. You will basically get the 1% of the 100,000 which is 1,000 then you are going to divide the 3% to $1000 because it is the 1% of $100,000 then you will get an answer of $33,333. Which means that you can only put maximum of $33,333 in one trader if you plan to have stop loss which is at -3% |
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I do not believe on signals so I do not have trust on it. Relying on signals are so risky for me because you are just following a certain plan and idea of another person. What if what he said is not true then you put big amount of money in that trade and you lose huge money? What will you do? will you rely on signals again? Of course not anymore, it is better to not believe and subscribe in signals and pumps and dumps group.
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It is not even a strategy after all because there is no valid concept on it, it is a risky to try it because and it is just purely luck. He did not also mention the timeframe should use, different timeframe = different trading strategy. There are day traders who usually use daily chart and weekly chart and there are intraday traders or the scalpers who using short term time frames like 5 minutes, 15 minutes and 30 minutes. This kind of strategy that mentioned in the OP saying it is simply base on luck, so for sure that it can generate less profit and high losses.
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Not really the moment has come for Bitcoin to make another high. The current momentum show stability in the crypto prices, I don't know how the pandemic situation brought something to this bust most likely it affects the trend. However, though we can't see its surging price but look at its price for the past weeks, it still in good shape things that we can't be worried about.
Moving forward, Bitcoin adoption has to get stronger now. Though we can't see it is skyrocketed at this time but not in a way that we live like this forever. There is a perfect time for that, and I believe it to come sooner, we all just be positive for that will only help us to at ease than to worry.
The market lose its upward momentum and that is why it is doing sideways while creating lowers lows and lower highs. The trend of bitcoin is sideways so expect that the price will consolidate more. The 20 moving average and 50 moving average are resisting to the current price, if the there will be a breakout in this dynamic resistance there is a high chance of a rally but there is a resistance $10,000. The current RSI is now showing weakness because it is also showing lower lows and lower highs. There is also a resistance there at 50 so I expect that it will bounce. |
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I do not recommend to buy bitcoin whenever you want because it is not suitable for all types of investors and traders. There are traders who usually waiting for the dip because they know that they can buy more bitcoin whenever the price is going down. The best time to buy bitcoin is still depends on who are you and what kind of personality does you have. Do not also expect that the price of the bitcoin will go skyrocket so easily because there are a lot of major resistances. It is funny because most of the expectation of the people are too high when it comes to the price of the bitcoin. They keep predicting but they do not really understand the price action and the trend of the bitcoin.
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If you will ask me, it is better if you will just trade and withdraw it. For sure that the project that you invested is a shit project and it is the reason why it dropped so much. It is not bad to hope but the coin that you still holding is a shitcoin and it is better to let go of it and try to move on. Of course it is painful because you lost a lot of money but trust me, if you will become hungry to learn more; for sure you will able to regain all of your losses. Just treat it as a lesson in order for you to avoid same mistakes again.
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It is simple, those who hate risks are the person who doesn't want a better life, they just simply seeking security rather than freedom and it is the reason why they keep avoiding taking risks. For those who want to become trader but you hated to take risks, it is better if you will just keep your money and do not invest it. Accepting and taking risks are fundamentals of being a trader and investors. We should be aware that all of investments have risks and if we want to earn money then we should face and handle it.
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I like how you made the use cases on how Stop Loss could be used and utilized. The Time-based one is the one I'm not that familiar. I haven't thought about using time as a factor in trading. I always focus on the price and how much it would go in one direction. I don't think it's going to be quite useful on my strategy, but it's nice knowing that type. Maybe we could incorporate it in our bot, Gunbot. Time-based strategies, but I doubt it's going to occur most of the time. There are also more advanced Stop loss limit orders
Trailing stop-limit, I think, could be considered with this advanced application, right? Yeah it is a semi advanced lesson but I can post again another lesson about trailing stops. So I will give an idea what is trailing stops. In a nut shell, stop loss are using to protect your capital while trailing stops is to preserve and protect your gains in market. So basically trailing stops is using whenever you have now gains in the market. Why we should use this? It is simply because there are times that we have profit but our biased turned against us where our profit is becoming losses. So for simple terms, trailing stop is to lock in our profits and to make sure that we will preserve our profit. |
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They are not really impatient but they gave a wrong mindset toward investments in cryptocurrencies. They always thinking that it is an easy money where they can be a rich by just putting some of their money but they are wrong because making money through investments are not easy in reality. Having a good mindset, patience and knowledge are the fundamentals of investing. Those 3 are important and required especially if we will put our money in a specific investment. If we want to protect it then we should have knowledge and a long term view of success in order to grow it.
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You can be called as a fund manager if you manage someone's fund and not yours. For those who want to become a fund manager, it requires a lot of knowledge about cryptocurrencies especially in trading. The risks are high because when you manage someone's fund, it can affect your emotions and decisions when it comes to trading. Using someone's fund is good if you do not have enough capital and you want to grow it but it is a bit risky because it is not your fund after all.
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