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921  Economy / Trading Discussion / Re: Do we gamble or trade? on: September 09, 2022, 07:56:28 AM
People will react on this with the level of their understanding, because their is difference between gambling and trading, i know that the two embraces risk. But one thing i find out in gamble is that it's a game someone else will determine if you will lose or you will make a profit. Why trading is like institution where you will learn different methods of ways to make it, if you understand the primary things concerning trading, you can skip the forms of getting lose everytime. You can control your risk according to the last comment of someone here.
I agree with you saying both embraces risk. But gambling is more risky than trading because gambling is that you can lose everything you invest, it cannot be control when losing. Trading is controllable in times of losing or making profits. Please go for trading it will give you relief and scene of reasoning.

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But gambling is more risky than trading because gambling is that you can lose everything you invest, it cannot be control when losing.

Not really because you can also lose all the money you are trading with of course that is the situation. Gambling and trading are losing inclined.

Gambling can be controlled when you control yourself from staking more after losing initial bet  Grin

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Please go for trading it will give you relief and scene of reasoning.

If you understand it but if you don't, you can stay away .
922  Economy / Trading Discussion / Re: stop loss and take profit on: September 08, 2022, 06:09:41 PM
With my knowledge in trading, i don’t think that stop loss and take profit are the same with buy limit or sell limit, the first ones is levels you set for your order to stop with loses or profits, the others are level to set on a preorder and the price on the time you set you limit order didn’t reach that level. And bybit is a large big platform i think they should have both features as they welcome many traders daily.

Your explanation is right on stop loss and take profit. That aside, limit orders are for intending orders that you want to enter for buy or for sell. They are good but their disadvantage is that they can trigger an order for you and price will continue the direction against you and you start losing your trade. Anyway it is used especially when you won't be able to monitor the trigger.
923  Economy / Trading Discussion / Re: Scalping, my best trading strategy on: September 08, 2022, 04:59:47 PM
Scalping comes with low risk when compared to day trading.

I don't believe this is exactly the real or idea feeling. Scalping is not a low risk trading strategy. Just like day trading, swing are all risky. For a scalper who wants to quickly take scalping profit can be hooked and so it is also risky and not low risk
.

Scalping is best done in a ranging market.


I agree so because ranging market is slower in volatility and that is good for scalping


Every traders should have his own trading techniques in which he/she make profit the most. Stick to this technique as long as it's profitable to you.

Sticking with what works is a good way to trade, don't change a winning strategy.
924  Economy / Trading Discussion / Re: How To Become A Profitable Trader with stop loss and trailing stop loss on: September 07, 2022, 01:27:19 PM
So if I set the stop loss at the same price as the entry price (or one cent below the buy price) it should be relatively easy to be profitable.

It makes sense to put stop losses only when the price is already beyond the channel boundaries or breaks some kind of formation. Putting a stop loss in the same place where you opened the trade is like shooting yourself in the foot. Absolutely illiterate risk management.

Setting of stop loss just close to entry price is risky. Following from what @ Ratimov said, putting sl at trend areas or at the trend means price can easily retest those points and take you out easily for loss. I suggest that sl are better behind support or resistance. Support and resistance are strong areas that are not easily broken instead of placing sl at close to entry or at the middle of trade. Learn to use stop loss behind support and resistance.
925  Economy / Trading Discussion / Re: stop loss and take profit on: September 07, 2022, 11:33:00 AM

Or click on close order of the position opened, but select 'limit', (not 'market'). Limit order would let you to select the price you want the order to close.


This depending on the platform use. Some platform when you click on close order it pops with different options below it depending on what they have in the platform, so you could see close order, modify order, new order, charts etc. It depends on what platform.


You can set as many as possible closing limit orders to favour both stop lose and take profit, but on some exchanges,

This is surely a way of losing. Many orders or clustered kinds of options leads to confusion and op looks like a newbie may not be able to handle it. Staying with few understandable options is better.



you can only open one which can be either favoring stop lose or take profit.


This is cool. To trade with few options has more advantage except for the risk takers that goes for higher profit.
926  Economy / Trading Discussion / Re: stop loss and take profit on: September 07, 2022, 10:47:35 AM
Is not all trader that can verify your question to give an answer because they may not be using those platforms but what I know about stoploss, take profit or trailing stop is that they perform the functions as they are called in different platforms if you set them correctly including buy stop, sell stop, sell limit, buy limit if the platform have them. However you can ask the support of your platform to be sure.
927  Economy / Economics / Re: Flood causing economics crises on: September 06, 2022, 08:35:55 PM
Flooding is a major challenge for most countries during the raining times. The activities of humans also contribute to this problem, like the people blocking drainage system with all sorts of used things that they don't care to properly dispose of and during the rain then the drainage are blocked and water has no choice than to find escaping route the effect is flooding in the neighborhood.
928  Economy / Economics / Re: Pros/cons of deflation? on: September 04, 2022, 06:18:35 PM
There's only pro in deflation when your economy is well above average or higher than normal rate of inflation, deflation is a sign of decrease of growth in economy since the value of products are going down and this also includes decrease of the value of the currency used in the economy.

Deflation generates a vicious circle. Prices go down, profits tend to go down with them and the economy suffers and a lot of people lose their jobs or have to accept lower wages. So people have less money, so they consume less lead to reduce demand. Therefore, deflation is more dangerous than inflation. Because eventually, production, investment, employment and GDP take significant hit.

Deflation is known in economics as the opposite of inflation while inflation is met with high cost of goods, deflation is seen to cause decrease in price of goods. Just like the points have been made, one of the major disadvantage of deflation is that it doesn't encourage production in the country and that cause the country to earn less, also because of no production the job losses will be high as employment rate will decrease. At the long run it also may increase the rate of interest rate to loans to discourage more people from having excess money that will further increase the deflation but it also has some advantage which is the standard of living, reduced price and demand etc.
929  Other / Beginners & Help / Re: How will you handle this case on: September 04, 2022, 04:22:08 PM
I don't usually believe stories like this, but I have no reason to disbelieve it either. I just can't verify if what is said is true.


I also think the story is not real when a brother get to scam his brother knowing that the brother will find out. If it is a friend maybe we can believe such easily obvious stealing. Maybe this is fabricated story.


I guess the swindling brother knew that the swindled brother was not going to break a bottle over his head when he realized the theft.


Of course a friend that opens a wallet for the friend won't do that when he knows all finger will point to him and surely it will cause a fight. The story didn't come out a good taste to my tongue.
930  Economy / Economics / Re: Why Bitcoin will always remain the best choice on: September 04, 2022, 03:37:44 PM
To add more in light of the choice of Bitcoin for those speaking for Bitcoin, the fees for Bitcoin is now very low and that doesn't really take anything away from you when sending coins. You can be charged as low as $0.0.. depending on the speed you want. This is really friendly to bitcoiners. However fiat is still standing in the minds of many especially non risk takers that prefer to hodl in fiat because they can easily monitor it because of stability.
931  Economy / Speculation / Re: Suppose Bitcoin Price start to rise in 6 week to $30,000 -will you buy or sell ? on: September 04, 2022, 02:33:25 PM

Generally, given the current situation, 30k represent the same 14,000 in the past.

I believe this also. 30k appears like the strong support of between 15k and 14k in the past. This time around it was difficult to go down from playing on the top of 30k and 35k till it was beaten to current price. At this time speculating during this last quarter of the year, I think we may still approach this 30k price towards the end because of the festive season.
932  Economy / Trading Discussion / Re: Crypto day trader groups on: September 04, 2022, 01:02:03 PM
Why looking for paid group when there is no guarantee on it. In such group I think just few people close to owner of the project knows when they want to pump the coin. They don't disclose to the public what will benefit them, they are always owners of shit project that have paid group the pump and dump coins.. You stay in such group in vain, it is better you keep to try your luck yourself than to rely on paid group.
933  Economy / Trading Discussion / Re: What I've learned after 3 years building an algo trading bot on: September 04, 2022, 10:02:10 AM
I like you saying that bots make money but also losses but the amount of loss is what is determined by risk management. Yes many traders that are using bots throw caution away and they trade with high risk with believing that bots don't fail but the reality is they fail just like they profit, so what is the point? Bots are not perfect and are not easy to create. I believe in dyor and trading limited options so that you are in control of your trade decision.
934  Economy / Trading Discussion / Re: Trading and financial planning. on: September 03, 2022, 08:28:49 AM

When we were young, most of us had such for granted thoughts, I used to think the same way. Before, I was in good health, with almost no minor illnesses, but after a while, things suddenly went downhill too quickly and I started to realize my health was going downhill. I had to stop all previous plans to take care of my health. We all want to make a lot of money and have many plans to execute but we almost forget that a plan no matter how perfect without health will never be possible.

Despite bad health we can also survive depending on the severity of it and the age. If bad health is because of old age then it means we should have had an investment we did in young age or what we have survived with when young and that why when young we try to use our strength, idea and ability to do certain things we can benefit from when old. Apart from old age, there are some businesses that we can hold on to even when sick depending on the illness though. I think online businesses can be of less stress and other businesses that you can employ someone to run it on your behalf.
935  Economy / Trading Discussion / Re: [Take advantage of crypto volatility] bear or bull market on: September 03, 2022, 06:49:25 AM
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3. Have a good source for signal or information about the crypto your trading.

What source are those that you think about if not for the community or with telegram which are still not honestly given because the developers may be out to just pump for no reason that you don't understand what is moving the coins, taking note that the crypto market is not regulated.

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4. It good to know that your asset can be liquidated when the leverage is high resulting to total loss of funds.

This is just as forex trading like you experienced too reading your post. Futures and forex trading are having same features.
936  Economy / Trading Discussion / Re: Money but from where on: September 02, 2022, 04:35:06 PM


But when it comes to scalping, day trading and those that use high leverage which is what is 100% regarded as trading, it can really drains someones energy, those are not passive means to earn money, they are active means. But also depends on you.

You may have little time for trading, make analyses under 5 minutes in the morning, open position with take profit and stop lose set and wait until night, using just little amount of money for each trades. That could be regards as passive income.


The whole of the discussion about passive income to me is regarded as an alternative source of income and doesn't really mean it must be smaller than the first choice of income, sometimes it is bigger and very much sustaining. I think the fuss about perceive income is simply another source of income. For trading now in example and you are seeing your trade running positively on a single trade, you won't stop it just because you consider trading as a mere means of passive income, you will maximize the profit there, so is not really passive in the sense but maybe a second choice of getting income.
937  Economy / Trading Discussion / Re: EPISODE 2: I TEACH YOUNG ADULTS ON BITCOIN TRADING on: September 02, 2022, 02:07:25 PM
The risk involved in trading bitcoin is what is very important to tell the new people we introduce to it because people outside think of the trading as what is very easy and they come with the mindset to make alot money immediately they start and they take alot of unreasonable risk that they are out of the market faster. Education is good, knowledge dissemination include giving the best money management skills.
938  Economy / Trading Discussion / Re: Going 3x this month for swing trading worth it? on: September 01, 2022, 10:12:10 AM
September month doesn't really look like it is particularly fantastic for bitcoin so I'm not expecting anything special to happen and trading with high expectations to increase leverage is risky. I expect price range to continue between $20k to $24k till we approach December proper.
939  Economy / Trading Discussion / Re: Thread For Btc Daily Traders, get 70/80% accurate calls. Edit: Forex pairs added on: August 31, 2022, 11:00:00 AM
@palle11, I guess you double posted unintentionally. You may want to delete one.

Back to the issue at hand, and I ask this with good intentions, you said there are other stuff you include in determining entry and exit points for your trades as you stated in, "plus other stuffs I had to confirm with lol." No one is asking you to share the codes to whatever software you use but I think for education purposes it won't be any harm if you mentioned only their names. It's so those following your calls may begin to know how to fish by themselves rather than wait for your handouts. However, I still respect your right not to share that information if you don't feel like it.

Thanks. I don't use software or any other indicator that is not found on the default setting of platforms but I think trading is about being patient to take your target. Sometimes a clear trade order delays a "newbie" trader out to taste the patience and you either jump into the ditch of losses - this is part of the other stuffs. At the time where the market delays to confirm your trade entry, what it is doing then is hunting impatient traders on their stop losses, hitting them off in losses, this is other stuffs lol. Sentiment is part of the other stuffs, staying away from trading the news, other stuffs. However I see these indicators as resourceful like RSI, candlesticks, support and resistance.
940  Economy / Trading Discussion / Re: What could be the future of Indian Crypto Traders and Investors on: August 31, 2022, 09:44:40 AM
We can’t do anything to change that fact and we are just denying that fact all this time.

Everyone can do something to change situation of their lives. When it has to do with the government that has given you less expectations of what you want to better your lives and business, you wait to vote them out during election and when the next campaigners come for your vote then during manifestos of what policy they want to preach to you then you ask question to them to know who has better purpose for your aspirations and business. Youths in india are more into cryptocurrency trading so to wait for new administration is better to take your next decision to vote them out.
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