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1  Economy / Invites & Accounts / [Request] Twilio account with a real US ported number on: October 02, 2020, 04:39:05 PM
I am looking for a twilio account with a real ported US number for personal use. The reason I don't want to use their virtual number is because it has issues with many sites including Microsoft, Twitter.

So again the requirements are:

1. Real US number ported to twilio
2. Can receive/send SMS

Nice to have:

1. Vanity number
2. Can receive/make voice calls.
2  Economy / Trading Discussion / What would be the difference between uncertainty and doubt in FUD? on: May 07, 2020, 01:02:30 PM
English is my second language and to me "Uncertainty" and "Doubt" means the same thing when it comes to trading.

Is there a good example to understand the difference between two?
3  Economy / Trading Discussion / Re: Need advice on becoming a successful trader on: May 03, 2020, 10:17:03 AM
I have been learning about Stock, crypto trading from 2 weeks. I started by learning a bit by reading book about Technical Analysis (only basic/popular TAs) and other basics.

I started with short term trading (1-3 days). Very little profit. After I tried intraday trading with margin, but had loss even in bullish market. I am not planning to touch future trading with a ten feet pole though.

Eventually I think I am able to control my FOMO, became aware of PnD schemes, bots, profit greed. I have become very careful with trading but still I am losing money. Yesterday I lost some money because my SL was very close. Market went up but sadly after triggering my SL.

I am kind of invested full time into it right now because of lockdowns. But not investing much capital (I am okay if I lose all the invested money). My goal is to test the waters and see where I stand. Can I become professional full time intraday trader or it should be a side-income or I should forever stay away from it.

I am wondering if you guys have any tips for me. There are so many things I can do which is overwhelming.

- Monitoring for PnD in advance by their free telegram groups, constant screening of prices. But monitoring so many shitcoins is overwhelming.

- Manual trading bots, grid bots, automatic bots.

- Learn more about Technical Analysis. Maybe I am not doing it correctly. Is there any guide/ebook which explains it good in terms of crypto.

Any tip or advice is welcome.

First off, you've only been doing this for two weeks? You're still taking your first baby step into trading okay. Don't expect to be super good yet, or in a month, or in a year. But obviously just keep on learning and getting experience and getting a feel for the market as you go along and you will slowly get better and better.

You're using margin? Good god stop that! I've been trading crypto for years and don't use margin, I would never even consider using margin. You say you won't touch futures with a ten foot pole, this should apply to margin trading as well. Immediately stop using margin.

Yeah stop losses when day trading can be dangerous, which is why I have yet to ever use them in my years of trading. They are good for protecting from losing a lot on a crash or significant correction, and they are good at protecting most of your profits if you are say swing trading and up a bunch so you put your stop loss at some point still well in profit to protect again missing out on making money if the price suddenly drops hard. But I think its not AS useful for day trading because it seems like you should really only be putting stop losses at major support zones, like if it breaks a support zone your stop loss triggers, which really only applies to day trading in that occasional time when the price drops hard. Your stop losses shouldn't be so close to your trade that they can get met during just normal daily volatility. Its tough to know where to put them which is why I havne't started using them yet because I worry about what happened to you happening to my trades.

Why do you even want to become a professional trader? It's not like a fun thing to just sit on your computer all day looking at charts. And besides, saying "professional" really means you're doing it as a job for some trading company, not just doing it to make money. Right now trading is my only source of income but I wouldn't say I'm professional, its just a thing I do to make money, I check the charts a few times a day, I don't stare at them for hours and hours, because there is literally only so much you can do. Once you've put your trades in you sit back and just occasionally check the market on your phone real quick to keep track of what is happening and if you see an opportunity or if a trade completed maybe you take 10 minutes to check things out again and decide what to do next. It isn't very time consuming. And if it is time consuming, you're doing it wrong!

It's a great easy non-time-consuming way to make money. But of course it has plenty of risk. I wouldn't say walk away from it, because you should be able to make money from it once you have some experience, but I also wouldn't say let this be your only source of income (like me right now) because while it's pretty easy to make money once you are experienced you can also lose money and take a while to make that up. But yeah it can be one of your streams of income absolutely.

Why are you monitoring shit coins exactly? Does the name shitcoin not give it away that you shouldn't bother with them? Just focus on Bitcoin and maybe a few other coins, get to know them and their market and how they move and their price action history. Only trade against fiat or stablecoins. In a bull market if you're trading major coins against fiat/stablecoin its nearly impossible to lose money in the mid-to-long term, but its still very possible to lose Bitcoin if you're trading Bitcoin against altcoins. So stick with coin/fiat pairs and stay away from coin/coin pairs.

Don't bother with bots. Using a bot means you're giving up control of your money. If you want to learn trading a bot isn't gonna do anything for you.

Learning TA is great, but understand the limits of TA. TA basically says, "well, at this level bitcoin will either go up or it will go down". TA can give you advice, but TA can never tell you what is going to happen. TA fails all the time...and there are so many different ways to use TA in the exact same situation. As some people like to say "its just drawing lines on charts". You should take TA into consideration but not have it completely drive your trading. It is a single data point out of many in making a trading decision.


Basically:
- learn TA but don't rely on it.
- learn about a handful of coins and stick to trading them
- don't trade against altcoins, only trade against something stable: fiat or stablecoin
- keep gaining experience and don't rely on trading as your only source of income.
- don't trade with margin
- use stop losses but learn how to use them and be careful and understand they, like everything in trading, can backfire and can actually lose you money when you would have gained money without it
- also: trade small, take profits early, and always have some money set aside to buy in on serious corrections so you don't have to rely on never being wrong or having great stop losses


Thank you so much for a detailed response. I've pretty much stopped leverage trading now since last 2 days. By professional trader, I just meant independent full-time trader.

Here is my trust level. Fiat Currencies >> Bitcoin (not trust much) > LINK/XTZ/XLM (Anything with good volume and is available for margin trading under major exchanges) > Coins which are not available for margin trading and not are available for trading with USD.

(I used "margin trading" in last statement to mean they are slightly more trustworthy since they are available for margin-trading, and not saying I am planning to do margin trading).

Here is my problem with screening. The less trusted one sometime get good returns (HIVE/DGB last week had 100%+ returns). Some of them are also used in PnD (If you long at right moment, you can easily can get 10%+ returns). I am not against taking calculated risks. Otherwise I would have never entered crypto market.

Even if I exclude shitcoins, there are like 30+ good coins like LINK/XTZ/XLM/BTC/ETC. Imagine screening 30 charts several times a day?


I have discovered bots 3 days ago. I don't seem to trust them much, except the smart trading bot which add missing features of crypto exchanges (like trailing buy, trailing SL). This feature seem good.

And yeah I am not having much luck with TA. Maybe it's the bitcoin halving or maybe I am not smart enough, but it's been very unpredictable last few days.

Just one last question. From my understanding, you don't recommend coin/coin trading including let say XTZ/BTC, but recommend XTZ/USDT instead.
4  Economy / Trading Discussion / Re: Need advice on becoming a successful trader on: May 03, 2020, 09:51:44 AM
My goal is to test the waters and see where I stand. Can I become professional full time intraday trader or it should be a side-income or I should forever stay away from it.

I am wondering if you guys have any tips for me. There are so many things I can do which is overwhelming.

Any tip or advice is welcome.

Just as others have mention, it's quite too early to start thinking of quiting as you only have an experience of 2 weeks as a cryptocurrency trader. Although you speak like someone that knows what he's saying nevertheless the cryptocurrency market is quite different from that of the stock market especially as it's more volatile therefore you'll need even more time to adapt and understand the market very properly to succeed. So in conclusion, give yourself time.

Intraday trading isn't that bad although I don't advocate for it that much since it's a bit risky then other type of trading. We have professional intraday traders, which you are capable of being one of them someday although you have to understand it took years of experience for them to achieve that and not just two week of test trails. Lastly, get raid of that mentality of not been concerned about you losing your invested capitals, that's just a wrong mindset instead I prefer you choose that you lossing won't hold you back instead of not giving a f**k at all. Goodluck on your journey.

Thanks. I am not really quitting because I am a freelancer who usually works on short project (< 2 weeks). And sorry about the confusion. I care about my hard earned money. I just meant that I won't get into financial trouble if I lose all of it. It doesn't mean I don't care about losing money at all.
5  Economy / Trading Discussion / What are different type of bots and what they are good for? on: May 02, 2020, 04:33:26 PM
I've been learning about trading bots and so far, I have discovered these 3.

- Manual trading bots. They just provide extensions like trailing SL, trailing profit,..

- Grid bots. Good for sideway market. I am not sure what really is sideway market these days?

- Automatic bots based on signals. I don't know if they are any good at all.

- Scalper

- Arbitrage (This one is obvious and clear to me..I am not intending to use it at all)

Question:

- How is your experience with these 4?
- Are they more type of bots?
- Can I call bitcoin since yesterday, a sideway market?
- When is the right time to use which bot?
6  Economy / Trading Discussion / Should I look at XXX/BTC or XXX/USD or XXX/ETH charts for TA? on: May 02, 2020, 04:14:11 PM
There are so many coins like EDO/BTC, EDO/USD, EDOETH which are available as different pair. If I want to do Technical Analysis, should I look at BTC or USD or ETH pair?
7  Economy / Trading Discussion / Need advice on becoming a successful trader on: May 02, 2020, 04:05:04 PM
I have been learning about Stock, crypto trading from 2 weeks. I started by learning a bit by reading book about Technical Analysis (only basic/popular TAs) and other basics.

I started with short term trading (1-3 days). Very little profit. After I tried intraday trading with margin, but had loss even in bullish market. I am not planning to touch future trading with a ten feet pole though.

Eventually I think I am able to control my FOMO, became aware of PnD schemes, bots, profit greed. I am not doing margin trading really, and focusing on quality trades over quantity. I have become very careful with trading but still I am losing money. Yesterday I lost some money because my SL was very close. Market went up but sadly after triggering my SL.

I am kind of invested full time into it right now because of lockdowns. But not investing much capital (I am okay if I lose all the invested money). My goal is to test the waters and see where I stand. Can I become an independent full time intraday trader (I am currently a freelance Software Engineer) or it should be a side-income or I should forever stay away from it.

I am wondering if you guys have any tips for me. There are so many things I can do which is overwhelming.

- Monitoring for PnD in advance by their free telegram groups, constant screening of prices. But monitoring so many shitcoins is overwhelming.

- Manual trading bots, grid bots, automatic bots. I am especially curious about DCA bots. It's not possible to do it right manually.

- Learn more about Technical Analysis. Maybe I am not doing it correctly. Is there any guide/ebook which explains it good in terms of crypto.

Any tip or advice is welcome.
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