Gambling and buying drugs on the darkweb, but i think the drug dealers mostly want btc, haha

Have you ever experienced doing trade and ended it up by #HODLING? (You bought a coin and waiting to pump, but unfortunately it dumps, and decided to wait for it until it pumps)
Have you ever experienced liquidated on Margin Trading Exchanges? (Huge red/green wick candle? )

I want to share my weapon against that situation. Meet, STOP-LOSS.
What is Stop-loss?
• Stop-loss is accepting your loss on the trade or you are minimizing your loss or cutting loss before getting rekt in ahead of time.

Why we need to use stop-loss?
Example:

As you can see the example above, you minimize your loss around 5%, because if you didn't exit on your trade or accepted your loss, you can lose a huge amount in the future if the price continues to dump.
Onto your next trade! Always remember that there will be always a good setup and sometimes much better if you learn how to accept your loss.


Where we can use stop-loss?
Let's say your trading style is about support and resistance.
If you have a long entry, the best to put your stop-loss is on below on the support.
If you have short entry, the best to put your stop-loss is on above the resistance.

It's always up to you where you can set your stop-loss, just always remember that when you use it, you are minimizing your loss in ahead of time or once your chart becomes invalidated.


How to use stop-loss?
You can set your stop-loss once you already had your entry, so this order will be executed based on your condition manually entered.
Example on Bitmex:

For example, I bought(long) $500 worth of BTC at the price of $12,000.
I set my stop-loss sell order on $11,500, less $500 on my entry price.
So, once the price of BTC goes below or on $11,500, my sell order executed and I only lost around 4% on that trade.

This is example for Binance of Limit Stop-loss:
You will set an order:

and

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Most of the exchanges don't have Market Stop-loss only the Limit stop-loss as far as I experienced different exchanges.

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Conclusion
Using stop-loss is not worst at all. Accepting our loss is not bad. Minimizing our loss is absolutely good than maximizing it.
There will be a good trade set-up. Not all the time are good to trade, sometimes the best trade is not to trade.

I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)

There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with  10-20% profits for a cycle.So what kind of trading I have to do now

1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?

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edit:

Hi, guys! I'm thinking about moving to DEX and wanna know your opinion on trustful DEXes.

Some altcoins are better than bitcoin for specific purposes. Bitcoin has the trust of the people and a very solid system.
Any altcoin that wants to compete with bitcoin has to offer something new, otherwise is just a bitcoin clone...

maybe use CMC (coinmarketcap) and from there find good trustworthy places to store your money i think it will be much better and also trade with place that have high to moderate voulmes those are places trusted by most traders and they usually handle large amount of money so usually they wouldnt mess around so much

Cryptocurrencies have been all the rage for the past year or so, creating substantial wealth for investors who bought these virtual coins anytime before the beginning of 2017. Some of the most popular, like Litecoin, Bitcoin, Ethereum, Stellar, Unity and Ripple, have generated enormous returns for anyone who bought, mined, or otherwise acquired these digital currencies soon after they came into existence. We are talking about gains of between 4,000% and 17,000,000% -- potentially life-changing wealth.

This answers all your question about odds and hack on the system to win in lottery or gambling.

A man names Stefan Mandel, a mathematical genius cracked the code to win tho lottery. He computed all possible equations and finaly got some algorithms that made him won not just twice but 12 times.

Since the government becomes aware of his motives although it is legal in nature, they change the lottery rules and law for Mandel prevent winning. They even ban computer printing tickets for him to have hindrance. He even go to other countries to test his equations and even got some investors to buy tickets for him to succeed on his winning combination. Unluckily, he got prisoned on the last country and never did the act again.

If you wanted to crack the code like him, you shoud:
1. Be a mathematical genius
2. Crack the new algorithms for the new system of lottery since its computerized now


I guess being lucky comes to his genius mind in the first place.

Source Link:
https://youtu.be/eOX7acjkGv0

What do you guys think? Bitcoin at 9400$ right know

Take a look at the recent Instagram post of Floyd Mayweather and check if there's a hint of a rematch in the next coming months or perhaps years



"I find it real ironic how every time Pacquiao's name is brought up in the media, my name is always attached to it. This man's entire legacy and career has been built off its association with my name and it's about time you all stop using my brand for clout chasing and clickbait and let that man's name hold weight of its own. For years, all you heard was that " Floyd is afraid of Manny Pacquiao". But what's funny is, when we finally fought, I won so easily that everyone had to eat their words! All of the so called boxing experts, critics and jealous American "fan base" either went mute and ran for cover or made every excuse in the world as to why I should give Manny Pacquiao a rematch. My take on all this bullshit is that y’all are just upset that I broke Rocky Marciano's record and hate the fact that a Black, high school dropout outsmarted you all by beating all odds and retiring undefeated while maintaining all my faculties simply by making smart choices and even smarter investments. Ultimately, I will always have the last laugh!"

He is making money without breaking a sweat. He will not give up that record because if he did, his market value will go down and Senator Manny's market value will skyrocket.

It is always good to gamble with different coins.
Some users may have a high amount of Tron and may want to gamble with Tron.

Personally I see no much difference gambling with different coins, and I always prefer BTC myself.

Hi Everyone!

I hope we're all having a great week. Our team just published our next exchange review. I encourage you to check it out, learn more about Huobi, and share your feedback for which exchange you would like to see reviewed next!

https://blog.shrimpy.io/blog/huobi-review

Thanks!

Im quite new to crypto so i wanted to know what exchanges do you use and i'd be grateful for advises on security. I currently keep my crypto on localbitcoins but it recently got hacked to im concerned for my money. I want to move it somewhere safe but still be able to make trades without much fuss. Im still learning to trade but im pretty serious about it. Can you recommend me a good exchange that hasn't been hacked yet?

Dear alls !

I come from viet nam

Im trader on the poloniex, the day 19-july- 2019 i lose alls the ZEC in poloniex exchange. i was ticket support #2423296 . but i wait in long times and poloniex untreated. its alls my money.

Currently my mood is very worried

From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.