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901  Economy / Trading Discussion / Re: Going 3x this month for swing trading worth it? (Position closed, half price) on: September 16, 2022, 05:07:40 PM
Although I have had great success with trend following as a method of making money, day/swing trades are now too volatile for me to profit from.

This can be really profitable if you spot the trend and ride straight with it but if you unintentionally and luckily enter it you think that you are a professional because of the quick profit accumulation. This situation is a funny one, newbies that are lucky to ride the trend believe and expect it that way all the time but unfortunately the market is not this way because the next time may not be another lucky time. So yourself, you may have been lucky trading the trend, I have noticed that when you are new in trade, it present you that luck but continuing is not always sweet, then you don't need luck but working strategy .
902  Economy / Economics / Re: How to be more effective working remotely. on: September 16, 2022, 03:42:58 PM
Office is different from home. If you are an artisan and you use your home as office you will observe that you will be slow and not productive in it. There is a reason that office is for work and home is for living. You don't miss pleasure with work and that is ywhysome office don't allow couples to work in same job, office or branch depending on the company's policy because of certain delay. It is not going to bring efficiency enough when you are working from home.
903  Economy / Trading Discussion / Re: leverage trading method and psychology on: September 15, 2022, 08:27:47 PM
OK I decided to try my hand again at leverage trading
The plan was to watch the market and when I see it making a move in one direction go in with high leverage for a small move with no stop loss


Don't always trade like this because you saw an opportunity and you want to through caution into the wind, this will reult into a huge lose. You might be escaping it but you can't escape it all the time since you doing a wrong type of trading. Trading with stop loss is more reasonable and reassuring than to gamble in trade. If you meet a bad trade, the losses are more severe that what you gain.
904  Economy / Economics / Re: Age as a factor depreciating some people of their dreams on: September 15, 2022, 03:12:46 PM
sometimes parents will forget their dreams that have not been achieved and will focus more on helping their children to achieve their dreams.

I think this can be regarded as the roll of a parent and not to say the parent forgot their dream. They suppose to help in the moulding and guiding of the child, children and family at large. Alongside side with the family dream, the parent can get their dream also accomplished not only doing the other and leaving one aside. The children rely on the family to direct them on how to lead their lives.
905  Economy / Trading Discussion / Re: How To Become A Profitable Trader with stop loss and trailing stop loss on: September 15, 2022, 12:32:37 PM
It only leads to less amount of profit from your investment using stop loss.

Stop loss has nothing to do with profit but only to reduce the amount of losses that you can encounter if the market turn against you. Take profit as the name is that is the one that has something with profit. The stop loss is the strategy that traders apply or set in the order that they make to avoid much loss in the trade is not going in profit.
906  Economy / Trading Discussion / Re: Is it a short break for bear market? on: September 14, 2022, 04:06:20 PM
The current market is unsuitable for making any form of profitability; everyone has challenges recouping their losses. Some claim that the price of bitcoin may soar again at the finish of the year, and there are also some faulty predictions regarding its future trajectory, nevertheless, it is unclear whether it will continue to decline or will once more increase greatly.

With the trade going on today, the price seem like a reversal candle showing up at one hour and 4 hours. If the four hours resistance is broken then the price may have reverted to bull. The price may soar if this trend continues but too early to decide on bull until the end of the month.
907  Other / Beginners & Help / Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed on: September 14, 2022, 02:23:06 PM
Re:I am losing money because take profit orders are not working.
Category: Reply
Section: Trading Discussion

Re: Either Bitcoin will end or we will be at the peak of inflation
Category: Reply
Section: Trading Discussion

Re: Are candlestick patterns overrated?
Category: Reply
Section: Trading Discussion

Re: stop loss and take profit 
Category: Reply
Section: Trading Discussion

Re: OPEC+ slashes oil production by 100K barrels per day as prices fall
Category: Reply
Section: Trading Discussion
908  Economy / Economics / Re: MAP of cbdc adoption over the world. on: September 13, 2022, 07:59:47 PM
You could do a screenshot of the nap and not putting out the link for menbers to click on, if the shot is taken this will be easier to assess the map better than to follow from the link. However, very few countries have flagged off the adoption of cbdc but  some are still on pilot stage.

Edit: I now see the chat, is looking like the chat was not ready when I was commenting.
909  Other / Meta / Re: Stake your Bitcoin address here on: September 13, 2022, 04:12:36 PM
~snipped~
There's no way to verify this, at least I didn't find one.
I tried the following >

brainwalletx.github.io
verifybitcoinmessage.com/

So I give up.
So, what could've been the problem from your side because even palle11 verified it from verifybitcoinmessage.com/ and CoinEraser also did from one of the sites you couldn't – brainwalletx.github.io. I've read several complaints about signing from Coinomi wallet and it's worrisome to discover such inconsistency with the app. Is there no way a representative of that company can be subpoena (tagged), that's if there's a account of theirs here, to appear and explain to the community what could be going wrong?

I think something has to be corrected here or a direction should be followed. In my own case I had to go through the legacy before I got through and I have been trying that through more than 48 hours stressing my out trying to understand what was the issue looking through space or gap as some big guys in the forum was suggesting but I was able to get through going from legacy. I think one member too went through the stress , zlantann Right?

Maybe we should just say those signing message from coinoimi should do that using legacy  Grin Shocked
910  Other / Meta / Re: Stake your Bitcoin address here on: September 13, 2022, 11:16:52 AM
Code:
-----BEGIN BITCOIN SIGNED MESSAGE-----
Today is 13 Sept, 2022 and this is palle11 of BTT staking this address here as mine.
-----BEGIN SIGNATURE-----
17mtDab5mfK9rwup3UDmKCbaeHwuruFZKV
IN5zxE8FOEhF+ZgFSuILjaQxrgz0Wk8dbnJ8TmqqAC2wCt3JmzciX2hDm1DEhVNntMN9gg57TuwwrhREyObi7TQ=
-----END BITCOIN SIGNED MESSAGE-----

I have redone it with a legacy address from the same wallet and verified it on this site and it verified. Somebody should verify again to see if it completely verified.
911  Economy / Trading Discussion / Re: Why Binance giving more Apr in fixable staking (saving) than locked staking? on: September 11, 2022, 08:12:44 PM

On flexible, maybe if there is something will happen on the asset you stake, like lost its value .

I don't think that staked coins lose the value of it that it is staked with. I mean the unit remains same and returned with interest but except the selling value reduced but exchange return same unit and interest to you.


and much worst is the locked savings where you can't withdraw it anytime


Locked staking is done within certain duration of time (like 10 days, 30 days, 60 days, 90 days) and when it is done based on the duration taken then it is locked for that particular time to elapes before it can be returned for withdrawal but except it is a flexible staking that can be withdrawn on intervals.
912  Economy / Economics / Re: OPEC+ slashes oil production by 100K barrels per day as prices fall on: September 11, 2022, 06:21:33 PM
The rise of oil is suppose to create more wealth for the OPEC nations and that will boost their economy....

Not really. Raising the price of something does not magically increase profits, as it can produce a contraction in demand that counteracts the margin of increase.


How do you mean here when there is increase in price of oil ? The margin of profit doesn't really reduce for a country when the profit for oil is increasing , this is my opinion because I don't think there is additional cost accruing to production at the time, if OPEC has increased oil price, that doesn't affect cost of production. Production and cost are interactive so if there is increase in price and production cost is steady that will increase profit for the country.
913  Other / Meta / Re: Stake your Bitcoin address here on: September 11, 2022, 05:05:41 PM

There's a probability that you made a mistake when copy pasting the signature or the address.


Thanks for checking but I don't think mistake on copy pasting may be likely. Maybe from a different wallet.


What wallet did you use for signing the message?

Wallet is coinomi
914  Other / Meta / Re: Stake your Bitcoin address here on: September 11, 2022, 03:06:00 PM
Code:
 -----BEGIN BITCOIN SIGNED MESSAGE-----
Today is 11 Sept, 2022 and this is palle11 of BTT staking this address here as mine.
-----BEGIN SIGNATURE-----
bc1qk77nng4asnsvc4mk4p9nvwr0uev27slcrdqytk
H1sEeUyO5opN1JWESrxb/AUJlJJrbJGtHpQEJqjVTp+nGykjBzzJswoTg7VSCYMPPMloMrbroxdblH2HmcjwI/k=
-----END BITCOIN SIGNED MESSAGE-----

Please someone should quote and verify for me.
915  Economy / Trading Discussion / Re: Trading and financial planning. on: September 11, 2022, 07:05:06 AM
-  Most of the people who have more capital make hasty decisions on their business investments. Often they don't study much first, as long as the money is out immediately, so the end result is if they are not taken advantage of, they lack a plan and goal target for the growth of their capital investment.


Investment is not just about having capital that is adequate or related to having too many many then you want to invest in anything that comes on the way, if investment is done without proper initiative and planning then the outcome is known which is failure. Therefore whatever money we have to invest whether being big or small, there is the need for proper planning. If you buy a shit coin that is to be dumped in few weeks after you buy it that means you didn't do a good plan and when the shit coin is dumped, you will run into loss in the investment.
916  Economy / Trading Discussion / Re: What's next for cryptocurrency? on: September 10, 2022, 05:08:18 PM
Bitcoin has always been profitable even if you buy at an ATH, so any time of purchase is good deal

Every pair has a good time to invest in it and also like bitcoin. If you buy bitcoin at ATH, you obviously profit only when the price goes back to the entry price so now that the ATH is around $64k, those you bought to hodl are in loses now since the price has dropped far from ATH. Those that will profit anytime they buy are the traders because bear and bull interact in trading.


What do I know though, I don't really do TA.

What do you use then that TA is not for you  Grin
917  Economy / Economics / Re: OPEC+ slashes oil production by 100K barrels per day as prices fall on: September 10, 2022, 03:04:34 PM
The rise of oil is suppose to create more wealth for the OPEC nations and that will boost their economy but the issue is whether the boom goes down to common people in better governance and payment of wages. Like you have mentioned the products coming out from oil are many, so if we have oil increase it will also have effect on the other side. The process to get these products will increase too . IMO the products coming out of oil have made an alternative to oil become just an option because the importance of oil because of its byproducts have made oil a more important commodity than whatever replacement we can think of. If you don't process oil, you won't get those products from it and industries will die because they won't have what to produce.
918  Economy / Trading Discussion / Re: How To Become A Profitable Trader with stop loss and trailing stop loss on: September 10, 2022, 02:07:12 PM



Setting a stop loss very close to entry price or same price will not be possible because it will not trigger or activated if you don't allow for certain space between the entry point and the stop loss because the platform has some charge on the trader.

Yes ofcourse, everything has their own advantages as well as disadvantages.
Trailing stop loss has some disadvantages too but every other order type has it too.
It just depends on the individual on what is their preference for the same.

As a trader we all have preference in the strategy we use. Trailing stop for example is not the best trading option for me because it is going to pull me out from maximum profit. I would rather stay with the trade, using trailing stop has such disadvantage but if you are not sure of your trade then you can adopt the style of trailing your stop.
919  Economy / Trading Discussion / Re: How To Become A Profitable Trader with stop loss and trailing stop loss on: September 09, 2022, 04:50:48 PM

Although trailing stop loss is a good feature you should reconsider your strategy and plan accordingly.


Trailing stop is good but it has it own disadvantage also. If the stop loss is done, the trade direction can go on but you will be out already.


If you set a stop loss at the same price wouldn't the order get executed in less than a minute.


Setting a stop loss very close to entry price or same price will not be possible because it will not trigger or activated if you don't allow for certain space between the entry point and the stop loss because the platform has some charge on the trader.
920  Economy / Trading Discussion / Re: Scalping, my best trading strategy on: September 09, 2022, 08:36:14 AM
If you can identify a price channel, you can use scalping well.

However, you should identify that it is a good period for price to move within a channel. You should avoid times when the market is moving closely to a changing point. Either it moves up or moves down dramatically at that point, you will get a loss (if it falls dramatically). You should avoid such times and don't hope that price will break out upside and brings profit to you. It's risky.

Those channels areas are called breakouts areas if I understand what you are saying and they are not advised for scalping because it gets volatility if the breaks are taken out. So I agree that such channels are to be avoided by scalpers. Trading is better done with indicators which gives better view of scalping position.
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