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81  Economy / Trading Discussion / Re: How to use Cup and Handle Pattern on: September 02, 2023, 04:47:06 PM
What you are explaining about cup pattern is another way to track support and resistance levels and that is a good lecture. For a trader who understands how support and resistance work they won't have issue to understand your points on the cup pattern. One thing that is important to take home from your post is the stop loss application using the cup breakout pattern for the resistance and support likewise.
82  Economy / Service Discussion / Re: Why do members switch campaigns always? on: September 02, 2023, 02:02:41 PM
I won't see anything wrong if a participant leaves a campaign whose manager is very strict in certain circumstances and would deny you post that will make up your weekly quota and won't pay you half for the week or refer you to make extra one more post for the new week. This usually happens in campaign that has stated amount of posts that must be made for weekly payment, so if a participant sees a campaign where the post has both minimum and maximum or pay as you post then they might move. However, some users move to different campaigns that has the same characteristics, payment and same manager within a week or two even if for slightest payment difference. I think the major reason is payment and not totally comfort for more than 50% of users doing that.
83  Economy / Trading Discussion / Re: FALLING FALLING! on: September 01, 2023, 08:42:49 PM
Glad I'm not the only one that spot that structure on the weekly timeframe. Think BTC will dip lower soon the price could deep lower to 16k or more . Hoping for the best but I don't think i will be buying more altcoins now cause of the double top structure afraid it may be a monthly retest which is signalying a downtrend continuation.

Douple top shows a resistance level depending on the time and now if it has appeared in a weekly chart that means a huge drop will occur to shield off other over value of bitcoin before another circle will begin until halving happens  Just as this will be happening to bitcoin, it will also have influence on altcoins and some of them won't get back to their initial price, some will become shit coins in the market afterwards.
84  Economy / Trading Discussion / Re: screening coins on: September 01, 2023, 12:22:11 PM
Is there any magic that will be done if you screen a coin? You might make an order after that and it is not a guarantee for a winning trade. Instead of looking for most of AI kind of trade, it is better to develop your strategy and trade what you see. If market is volatile it should reflect in btc pair, checking CMC or coingecko are quite sufficient to follow the natural tides of the market rather than creating more indicators that will end up confusing you and you eventually lose your money. Stay with what you understand while trading.
85  Economy / Trading Discussion / Re: My trading stradegy on: September 01, 2023, 10:05:36 AM
I think you are just trading imaginery correction with no clear analysis or chart to follow on it. The risk with such strategy is that you can easily be trapped. A pair that does 10% pump, how do you know how many percent short it could drop? You might expect a 15% drop in correction and it only retraced for 2% and start long again. You need a clear strategy and not a guess on retracement because there was a pump.
86  Alternate cryptocurrencies / Altcoin Discussion / Re: Is It Finally Time For AI Coins? on: August 31, 2023, 09:49:18 PM
The hype on coins that promote artificial intelligence technology has been going on for quite some time, since about the end of 2022. In the spring of 2023, this hype reached its peak and many coins have achieved good results, and even coins that started in the distant 2017 have grown. Of course, AI coins can continue to grow and spread further when a full-fledged bull market comes. You can make good money on this hype,

This is the result of the changes in the world no doubt. If your review the staff strength of workforce of some companies regards to the number they were in last 10 years to what staff strength they have currently, you will see the past had more work force than the present, that means some of the positions occupied by human labour has been replaced by Al. Therefore, the point is the Al coins has a purpose it is fulfilling and it will continue to increase as long as companies keep chasing out staffs.


but I do not recommend holding these tokens for many years, as it is just a hype, and any hype tends to end, and if you do not sell your valuable coins in time, then they will fall in price and you will lose all your income.

This is a big mistake that people make, they think that the coin will keep raising but as soon as it went up, it will go down and even further than below the price you bought and soon the coins drops to no value and becomes useless in the wallet. People like hodling for long after reasonable profit but it is better to sell and DCA with your profit.
87  Economy / Economics / Re: People keep talking how weak dollar and how bad usa economy getting on: August 31, 2023, 04:45:26 PM

- Yes because if we only focus on economy, the past year is an excellent indication of the massive potential of growth Iran's economy has and the extremely ready infrastructure like ready to use factories and production lines that used to work at a tiny portion of their capacity, top quality products in many fields including high tech that can easily eliminate their foreign counterparts and most importantly ultra cheap production cost which helps that elimination in the competitive global scene. This past year Iran has been heavily dedollarising by the way.

I will prefer you first analysis to this yes analysis for Iran. Iran might have had very good economic growth this past years but like you also confirmed, being a super power doesn't only cover economic growth and factories waiting to be used. Iran doesn't yet have international coverage or presence like US, Russia or even China. Russia and china can fit into the shoe more than Iran. The presence and awareness of BRICS is getting the new world order closer in the face of the leaders of BRICS.
88  Economy / Trading Discussion / Re: Stop loss on: August 31, 2023, 11:49:18 AM

But some time not effective with stop loss in Binance, ever when short position open in future trading my stop loss can't filled yet until all my capital loss due get liquidation notification.

I think what could cause this is when you don't have sufficient capital to take your losses when the price is hunting your stop loss and that could render it ineffective and the price could run over it. I don't know if you understand what I'm saying, this happens all the time when you don't have running capital to leverage on your loss. I believe that can be the cause of what usually happens in such case .
89  Economy / Trading Discussion / Re: I see something about markets today on: August 31, 2023, 11:21:40 AM
I usuallyy short but i see that market looks like how it looked like before bigger pump and short liqutation.
Be careful to short we will see green market soon now Im long with SOL,ETH,ADA Im ready for pump
Market is support zone now definately
it's like some altcoins rally definately

If you see market is in short zone, why not continue riding the short or stay out to wait for due time for long rather than speculating for bull and you already jumped in on bull. That is not the trading pattern, you are speculating and you can lose alot even before the market start to meet your entry price if it will eventually before you blow out your capital. You don't analyse the crypto market with altcoins because bitcoin has the dominance and every movement flows from it except in rare cases if an altcoin does something that is in the news.
90  Economy / Trading Discussion / Re: What is NFP in Forex? on: August 30, 2023, 11:59:04 AM
For the forex market and traders, NFP is the most heaviest news with alot of volatility that can change the trend of the market. Like you said it is usually every first Friday of the month and it is responsible for many losses in the market and has caused many traders to go out of the market at different times. It basically release the employment or loss of jobs which shows how the US economy is moving and is very capable to produce a very volatile market affecting currency paired with USD like GBP/USD EUR/USD AUD/USD USD/CAD etc. It is a high impact news and when it shows red it means the news is negative on dollar and if it shows green it means it is positive to dollar. We can visit https://www.forexfactory.com/ for more on forex news.
91  Economy / Trading Discussion / Re: My experience as a beginner trader on: August 30, 2023, 11:20:44 AM
There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
If someone trade, lost money, but sill losing money after like 2 years, I will advice the person to quit trading and just invest in coins like bitcoin after bear market. Let me tell you something, I have been trading for over three years now and I know some of my friends that are traders, you can be successful in trading but some people will keep losing. There are other ways to make money than to do something that is very risky. So people are not just meant to trade if they do not use the correct strategies.
Sure trading is not for everyone  some just want to remain  Grin but some will strive to move forward that's the fact

It all depends on the person and their conviction. If someone keeps making same silly mistake and he knows it everytime he is on trade and eventually losses his money and it repeats again and again everytime he comes back, what he needs is emotional courage to get on strong and to correct that single mistake. If we read the story of some traders, it is always like that, they never got it right even in two years of trading. Some of the big traders where disregarded by their family because they believed in themselves and got the final touch that revolutionized their trading story. It is about the persons conviction and not what we advise them to quit after two years of losses.
92  Economy / Trading Discussion / Re: My experience as a beginner trader on: August 30, 2023, 10:45:33 AM
Have you started to sing the song of gone are those days?  Grin Yes trading can be frustrating not only for newbie but for old traders who are still struggling with finding a trading pattern because you may not be a newbie but you are still as inexperienced as a newbie and allowing your emotions to have a better part of your trading. Trading can confuse you that you want to be depressed but if one is finding it difficult you can take a break and relearn yourself by correcting the mistakes that you have made and your coming back will be better
93  Economy / Trading Discussion / Re: Best Reliable Bitcoin Exchange Loan Platforms. on: August 29, 2023, 03:02:39 PM
If you are thinking of a loan from someone in bitcoin from whatever platform, you could be scammed on your collateral if the platform is not reputable. I know there are lending platforms or exchange but I don't know if bitcoin is included in the lending. However, why invest with a coin that is not yours and you will have to pay about 15% in Annual Percentage Yields. That means the interest you will pay is taking away your profit, so what about if there was no profit or you end up losing the whole investment, you lose your collateral. It is not a wise decision to borrow to invest because you will be under pressure and invest wrongly.
94  Economy / Trading Discussion / Re: Stop loss on: August 27, 2023, 08:25:49 PM
I had some scenarios of my stop loss being pushed down a little bit incurring  me more loss what could be the possibilities.
Usually, ,if you are using trading view you can use the Average True Range(ATR) to be able to set a good stop loss for you. Doing so would ensure that that if takes into cognizance the volatility of the trade. To know the true stop loss, minus the ATR from the stop loss you have set for yourself in the trade.

I think that such volatility do affect the stop loss also. Volatility is not only in a particular platform or broker, it is global and across all depending on the pair that is volatile at the time. Of course if you are trading btc/usdt in a platform, whatever happens to the price volatility goes across the pair wherever it is traded except the exchange manipulate it
95  Economy / Trading Discussion / Re: Stop loss on: August 27, 2023, 03:27:40 PM
stop lose is one of the most important for traders, especially when you are in futures trading, before you set your entry, don't forget to put a stop lose, you can liquidate all your money without it, I just advise here always set a stop lose or else your money will burn, put a stop lose on what you are ready to lose

This is true but sometimes I’m not using stop loss if my liquidation price is very far away on the support. I only an amount to my margin that I can afford to lose so that I will just choose whether my position will liquidate or will profit.

You can't be sure that you will continue succeeding in such kind of trade. It is highly risky trading that way .

I experience many time that my position stop loss triggered while the price action reverse after hitting my stop loss which will give me profit instead of lose if only I don’t have stop loss.

This is always the feeling when the price bounce you out on a stop loss and do a reversal to work in your direction but have you thought of if you didn't put it and the price continue against your order and finally close your capital? Always use stop loss, it is better to trade with it because you have the assurance to meet your remaining capital when you lose the trade.

I had some scenarios of my stop loss being pushed down a little bit incurring  me more loss what could be the possibilities.

I think spread is more likely to be the reason. When brokers or exchange adjust spread because of volatility, it can affect the range of your stop loss.
96  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Top 10 Crypto and It's Targets for Next Bull Run on: August 27, 2023, 06:30:01 AM
I don't know how you came up with the calculation using fibo but do you think XRP will get that high because that will mean almost 300% rise from the ATH around $3 which has been the highest in the life of XRP. The last time it got that high was without any court case.

For doge coin, it may go pass your speculation if it got the hype of Elon musk but I don't know if Elon musk will keep an eye on it because it was really hyped the last time. Bitcoin is still the favourite.
97  Other / Beginners & Help / Re: [b]Careless Trading[/b] on: August 26, 2023, 09:46:17 PM
.

When you go into the market you are actually going against these guys. Like I said they have their interest and are bent to achieve it. You cannot just go into the market without understanding what these persons are doing or what position they are taking. This in-turn we shape your trading and give you informed decision that we make you profit.


This is the simple reason you have to try to locate the trend and trade on it and be sure to go out by the time you have exhausted the trade or to go out when you no longer understand what is happening in the market. The big traders, that is the banks and other institutions are manipulators of the market that changes the direction of the market for the hurting of retailers stop loss. Some times the market suddenly change against your clear direction and you are confused, such is the manipulation going on most times.
98  Economy / Economics / Re: Gold , Silver Or Crypto? on: August 26, 2023, 09:29:56 PM
That's good. but I don't agree for cryptocurrencies in the long term. it is really profitable in the fast to medium term. not that I don't believe bitcoin or crypto currency continues to grow, the competition here is too tough it's not uncommon for projects with great value to just disappear like the LUNA case. learning from that I am more careful in investing in crypto currency.

If you want to invest in cryptocurrency, it has been a public secret that bitcoin is the most reliable, so going for an investment for altcoins is a big risk because most of the altcoins are not going to meet the value of your entry price and that means lose will be incurred. Bitcoin is the most reliable because it is decentralized and no single person can manipulate the price that it won't bounce back to normal as it has largest community.
99  Economy / Trading Discussion / Re: Scalping on: August 26, 2023, 04:37:11 PM
Who tends to lose easily? The ones with leverage or the ones with scalping?
Scalping  lose more in my opinion

All is relative and subjective. It differs from the strategy to have your result. The market is there for everyone to use the strategy they can to milk out their own profit. If your strategy gives you more profit and when you try to change you start getting losses, it is better to stick to what you are doing correctly. So both scalping and relying on heavy leverage depends on the trader but what I know is a strategy that is working doesn't require to be changed and that strategy you lose all the time the best thing to do is to drop it for another strategy.
100  Economy / Trading Discussion / Re: Scalpers and day traders, what makes you to make profit in trading? on: August 26, 2023, 04:20:00 PM
No trade is perfect and we choose what is good for us likewise you have chosen to go the way you are going. But I think when a strategy is producing result like us and it is steady then how do you want to change a winning strategy? You don't need to start worrying yourself if you are making steady $1 or $2, that means you have a working strategy. However, your profit margin is very low and it will amount to nothing at the end of the day, your cost and expenses plus time. If you want more, do a little of risk appetite.
At least for the OP, there were still somehow a profit. Mine sucked back in the days and that's why I quit day trading.  There is indeed no perfect trades, but when you know that it is not working out at all. Maybe time to call it quits for now.

I would crap myself if I was already making a steady of $1. I was waaaaaay below that when I tried during those times. I am not ever going back again to that hellish exhausting trading days. Cheesy

but is it worth it to continue your trading if you are just making a steady profit of 1-2 bucks? with all the effort and time you are dedicating into it. maybe, there are more worthwhile activities that will give you better earnings. but this will depend on the person. if he is just comfortable doing this over and over again even if the profit is small, then go for it. but for me, i maybe looking for other side jobs that will give me more income.

No doubt that steady little profit is better than continuous losing of little capital because at the end of the day, the capital will keep reducing until it is gone but if you get to accumulate your profit no matter how small if it is steady, you will have some success story. I was saying therefore that to add to the profit strategy will mean a little more increase in the profit while the strategy still remains the same. As a trader who is making profit, you have lesser work to make more profit only you have to maintain your strategy.
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