Gritty

DJ |Producer | Performing Artist

[ADG PI - INDIAN ARMY @adgpi]

#PahalgamTerrorAttack

Justice is Served.

Jai Hind!

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@blackbit How about airdrop for holder holding OBOT in CXE @blackbit

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@CryptoGodJohn OBOT

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@virtualbacon How about OBOT ?

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@OpSecCloud What a scam this has been tokens are held in CEX and team is asking to verify it asking for phase code of my wallet when no transaction took place in my wallet

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@OpSecCloud @OpSecCloud what will happen to CoinEx users holding the tokens?

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@UpdatesChennai @RamMNK @UpdatesChennai One of the worst airports in India frequently changes its parking rules and pick-up points. The parking staff's behavior is unprofessional, and the workers have a terrible attitude. Contracts are often awarded to politicians and their supporters.

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@CryptoGodJohn Opsec ?

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@MithilaWaala This is except happened to me when I booked a Ola ride to airport from Bengaluru city. It was 1PM pick of summer no ac and was sweating like crazy

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@sowmith7 @RachakondaCop Please tell me they have been arrested !!

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@moneymancalls Scam coin !!

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@cctvidiots WAR

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@NoContextHumans UPI

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@historyinmemes Ak 47 🔫

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@elonmusk In other hand people applying for tourist visa to visit USA get a rejection under 214 (b)… and visa wait time 500+ days in many countries

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@MAXVER03 @chennaicorp @UpdatesChennai @chennaicorp West Mambalam lake view road near health center

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How to Protect Yourself in Trading - My Approach

In this article, you will learn how to set priorities correctly while trading and how to safeguard your deposit under any price scenario.

Following the article about "How Futures Trading will Destroy Your Personality" I received numerous stories about shattered destinies and complete deposit losses. Hence, I consider it my duty to shield you from the mistakes that inevitably occur when trading without a risk management system. I must clarify that the information in this article applies if you're trading in the short-term or, at most, medium-term perspective. This strategy is not suitable for long-term investors, of which I am currently one.

Based on my experience, I can assert that trading is the longest route to quick gains. Therefore, if you're seeking rapid profits, it might be worth reconsidering the way for achieving such swift gains.
The success of trading hinges on how adeptly you can limit your losses in the event of sudden market price developments. As I consistently emphasize, I don't predict the future; I analyze and operate with correlations that provide me with the most probable price development scenario of an asset.

Choosing a trading strategy should always be accompanied by the development of a risk management plan, encompassing possible options for cutting losses, increasing returns, and exiting positions. For example, the most popular strategy involves setting a stop-loss at 1/3 of potential profit; otherwise, entering the trade isn't advisable.

Risk management constitutes a complex framework enabling the control of risks that arise while implementing a trading strategy, especially in the cryptocurrency market. The essence of this practice lies in establishing maximum stop-loss and position volumes for yourself. I never enter short-term trades with a stop-loss exceeding 3% of the entire deposit and 1% is a golden rule.

Upon entering a position, you must have a clear understanding of where to place a stop-loss or always bear in mind the price level at which you should exit the position. Locking in profits and setting stop-loss at break-even levels are also guarantees of at least a zero result for trades in the market.
As I never tire of telling my students, our priority in such a market is to first AVOID LOSSES, and then EARN PROFITS.

It's crucial to be able to calculate risks, essentially setting the amount that you could lose if you conclude a trade with a negative outcome.
For a more precise and definite capital management, I recommend maintaining a journal that reflects the trading strategy algorithm and their outcomes. This journal will enable you to analyze trades, identify committed errors, and pinpoint the most successful strategies, thereby creating your individual trading system. Consequently, you'll achieve the ultimate goal of trading - absolute independence.

WHY SET LOSS LIMITS?

Trading with pre-established loss limits keeps traders from uncontrolled actions during moments of emotional narrative manipulation. This is when trades that were profitable just a while ago turn into losses due to price behavior that you can't analyze within the framework of your perception. Such uncontrolled and irrational actions lead to incorrect trading decisions and, as a result, even greater losses.
I always set loss limits for the day, month, and year. When the daily loss limit is reached, I halt trading for the remainder of the day. This practice is considered one way to normalize psychological states and bring your thoughts in order. It also allows you to take a break from trading and shift your focus, enabling you to look at the market and your trades with a fresh perspective later on.
My friends, who are professional traders on Wall Street, strictly adhere to this concept. Once they exhaust the set loss limits, they cease trading until the next day, week, or even month.
Moreover, some firms, and I won't mention their names, utilize this method to put traders who have hit their limits on the "bench." By "bench," I mean trading on a demo account until traders regain confidence in their trading decisions.
From my experience, trading on a demo account is well-suited for beginners or traders who have lost confidence in their abilities.

This concept of setting loss limits in trading may seem contrived. Nevertheless, it can help you preserve your trading capital and contribute to building a more disciplined and professional approach to trading in the markets. Adhering to loss limit concepts will also assist you in focusing not only on creating a good trading plan but also on constructing a solid trading strategy.

Implementing such limits proves beneficial for traders for several reasons. Most importantly, such limits can help traders avoid overtrading, which becomes a major reason for traders to ignore their own trading rules and allows emotional factors to influence their trading.
Almost every trader, at least once during their career, succumbs to the temptation of making too many trades, ignoring trading rules, or allocating a larger number of contracts to a trade than is advisable. Such disregard for trading rules and the dominance of emotional aspects over a disciplined and rational approach in trading can lead a trader to make incorrect trading decisions.
Such unprofessional trader behavior is particularly dangerous during periods of significant economic releases or market-underestimated news, as it can trigger sharp declines in the trading account.
Incorporating daily, weekly, or monthly loss limits can become a part of your trade journal. A trade journal is a fundamental component of trading for both professional traders and any novice aiming to become a professional. In most cases, gathering statistics for 2 months of active trading is sufficient to draw conclusions and understand which trades are dragging your trading capital into the red zone, and which contribute to its positive dynamics, pinpointing which trading days to focus on and which to ignore. By supplementing your trade journal with day, week, or month loss limits, you'll possess a powerful tool that helps you quickly spot and respond to emerging issues in your trading.

HOW TO SET LOSS LIMITS?

The most common approach used for loss limitation is to allocate 1-2% of the trading capital as the maximum permissible loss. However, this approach is generally applied to control risks for individual trades. In other words, with a 1% loss per trade, a trader could make 100 losing trades before completely depleting their trading capital.
The concept of setting loss limits for the day, week, or month slightly differs from setting loss limits for each individual trade.
For instance, if you allow a 1% loss per trade, then setting a 5% loss limit for the day means that after 5 losing trades, you halt trading for the remainder of the current day.
The same applies to setting weekly loss limits. If you set a weekly loss limit of 10% of your trading capital and, let's assume you reach this limit on the third day of trading (Wednesday), you would cease trading until the end of the current week. The same principle is applied for setting monthly loss limits.
The maximum risk size a trader is willing to undertake in cryptocurrency or financial markets can also depend on several factors. For example, in addition to the approach mentioned above, loss limits can be determined based on the percentage of daily profit a trader anticipates achieving.

Thus, if a trader aims for a daily profit of 1.5%, they could set a daily loss limit of 0.75% of their trading capital. Loss limits might even be set at 0.5%. Regardless, using this approach, loss limits should correspond to the expected level of income and the acceptable risk threshold.
A simple empirical rule suggests that an optimal monthly loss limit should be between 10-20% of the trading capital. The maximum limit of 20% is easily explained. The calculation takes into account the number of trading days in the month, which is around 20. Therefore, if the daily loss limit is 1%, the resulting monthly limit is 20%. Of course, this calculation implies that traders will need to trade with small positions daily, especially when their trading capital is limited.
I personally adhere to a 10% monthly loss limit, as based on my experience, for most traders, 10% is a psychological threshold beyond which mental distress starts to set in. If your losses exceed 10% per month, you are on the path to the "bench" and trading on a demo account. A negative account balance directly reflects that your strategy is no longer effective and the market has changed.
I can reassure you that from time to time, market volatility significantly increases, and even the best traders are not immune to losses resulting from extreme fluctuations.

WHAT WOULD I DO IF I JUST STARTED TRADING?

I would focus on the first six months of trading by applying the concept of loss limitation. In my opinion, setting daily, weekly, and monthly loss limits should align with your trading style. Setting limits that are too small or too large can negatively impact results. To find optimal values, you must invest sufficient time, starting with the percentage values I mentioned earlier. I consider an optimal daily loss limit to be one where you can sustain 8-10 consecutive losing trades.

Furthermore, when a trader is well acquainted with their trading strategy, consecutive losing trades become quite rare. For example, an average of 3 consecutive losing trades might indicate poor psychological state or a strategy ill-suited to current market conditions. In any case, a string of losing trades signals that a trader might be missing some information, warranting a halt in trading. Losses, whether for days or even weeks, are not uncommon even among professional traders, but setting loss limits allows losses to be controlled within acceptable bounds.
The benefits of adhering to disciplined trading strategy rules that include risk management techniques cannot be overstated. The loss limitation concept enables traders not only to focus on minimizing losses but also provides mechanisms to control emotional states.
Remember, operating under the influence of emotions and without setting any limits on subsequent actions usually leads traders towards gambling rather than impartial trading, ultimately resulting in more significant losses.
Although many retail traders dismiss the concept of loss limitation, the fact that it's utilized within numerous professional trading circles and proprietary trading firms confirms its effectiveness in controlling trader emotions.
Achieving the daily loss limit should be a relatively rare occurrence, ideally not more than 2-3 times per month. If you're consistently experiencing three consecutive losing trades per day, it suggests that you need to work on your trading strategy or its execution. If, however, you have profitable trades during the day but still reach your daily loss limit, then it's likely that you need to work on your risk/reward ratio. (I'll explain risk/reward in another article😉.)

The main purpose of the daily loss limit is to prevent a single day of substantial losses from significantly affecting the month's trading results. Suppose your average daily profit is $100, but on losing days, you're losing $300-400. It's easy to calculate that even with 80% profitable trading days (16 out of 20 days) in a month, it would be challenging to break even. Setting a daily loss limit of $200, however, would significantly reduce the amount lost on losing days, leading to a stable income growth.
Although loss limits don't guarantee an overall reduction in the drawdown of your trading account, the fact that you're informed when the limits are reached can help you stop trading in a timely manner. This allows you to take appropriate steps to adjust your trading strategy and preserve the remaining portion of your trading account.

In conclusion, the topic of loss limitation can be seen as part of risk management. It seamlessly integrates into any trading strategy and helps you develop a disciplined approach to trading. Various variables can be taken into account when calculating loss limits, but primarily, the expected income and acceptable risk size are considered.
Setting daily, weekly, or monthly loss limits is not a fanciful concept; it's a method widely used by many professional traders. It assists you in approaching trading not only from a technical and analytical standpoint but also ensures control over the psychological aspects of trading in markets.

Like and Retweet. Sharing knowledge is the key to collective defense. Educate your circle — friends, family, and fellow enthusiasts — to create a network of vigilant minds guarding against deception.

If you liked my opinion and were interested by my analysis, you can support me here (USDT TRC20):

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Disclaimer : The author does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing any security or cryptocurrency; nor is Author, registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any security or cryptocurrency.

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#binance #Bitcoin

[Arthur Trust @arthur_trust]

My Strategy for Forming a Cryptocurrency Portfolio

In this article, I will share my thoughts on why I believe now is the most opportune time to begin investing in cryptocurrencies, outlining the prospects ahead, and addressing the associated risks.

Let me start with a warning: I do not invest in cryptocurrencies an amount that I am not willing to lose, and I strongly advise you to bear this in mind. The reputation I uphold through this channel is important for me and all my articles for you is entirely free that's why understanding the immense potential for vulnerabilities in cryptocurrencies, which could lead to the loss of all your investments is something we realize when it is to late. While I encounter an abundance of positive messages here on X, echoing sentiments of "Crypto Influencers" and headlines from free media outlets claiming that cryptocurrencies represent the future and Bitcoin is the new gold, my duty is to shed light on the perspective that seems to be overlooked. Where there's an opportunity to earn, there are tangible risks. The difference is that earnings are probable, while the risk is real. Hence, exercise caution when making decisions concerning your assets.

On a positive note, I observe a decreasing number of retail investors due to pronounced market manipulations that have persisted for quite some time. Month by month, only the most interested and resolute investors remain. This is indicative that we are approaching the market bottom before the commencement of a bullish cycle.

So, how do we go about constructing our long-term portfolio to ensure that we don't miss market's potential bottom?

The problem itself is always afraid of logic and common sense. When you have a clear plan and understand what you are doing, you are not so afraid. Having a clear vision of what to do in various situations can be reassuring.

When selecting a project, it is important to recognize the categorization into Tier 1, Tier 2, and beyond, in terms of risk.

In this discussion, we will focus solely on the top tiers – Tier 1 and Tier 2. In terms of risk, projects in Tier 1 and Tier 2 have the lowest likelihood of collapse.

• Tier 1: Approximately 8 out of 10 projects have the potential to significantly increase our investments, while 2 out of 10 may falter.

• Tier 2: Approximately 6 out of 10 projects have the potential to significantly increase our investments. While Tier 2 offers more opportunities than Tier 1, it comes with higher risk. As many as 4 out of 10 projects may falter.

Regarding other altcoins, such as those categorized as Tier 3, 4 and 5, the risk of scams is not even 50-50 but significantly greater. Therefore, I do not consider them.

How do we perform basic analysis and select Tier 1 and Tier 2 projects?

Tier 1: On websites such as CoinMarketCap or CoinGecko, we examine projects with the highest market capitalization. The rule here is simple: the larger the project's market capitalization, the less likely it is to be a scam. Of course, there have been instances of scams, like FTT or LUNA, which only underscores my initial point. Projects with a market capitalization exceeding $1 billion are more likely to continue operating in the market due to their long-term partnerships, concrete use cases for their technologies, and fundamentally lower risks.

Tier 2: Projects with a market capitalization exceeding $200 million require closer scrutiny. Dive into a more detailed analysis of these projects, utilizing your checklist, as the risks are considerably higher.

I always advocate for a well-rounded portfolio diversification strategy and a systematic approach to asset acquisition. One of the most optimal strategies, as described in my article titled "Why Average Cost Strategy is Your Only Chance to Survive." It is important to avoid personal preferences for specific projects and act in accordance with your strategy.

The percentage distribution of projects in the portfolio: Tier 1 – 50-60%, Tier 2 – 20-30%, and a minimum of 20% allocated to stablecoins.

Why allocate 20% to stablecoins?

This safeguards us against a potential "Black Swan" event, which has historically occurred before the beginning of a bullish cycle, such as in March 2020. It's worth noting that such an event has not yet transpired in the current context. When Bitcoin experiences a drop similar to the one in the past, down by 50%, even traders with x2 leverage will be liquidated. In that moment, these 20% will prove invaluable. This means we will be prepared, at the start of the impending bullish cycle, to take the opposite action to the majority during panic-driven sell-offs.

As an indicator of systematic purchases, I often use the simplest tools – vertical and horizontal volume. They help gauge the overall attractiveness of an asset and determine accumulation levels for the most advantageous entry into a position.

In general, I advise against overloading your charts with indicators and relying solely on them for analysis. While indicators allow you to process more information at once, it's essential to remember that if indicators predicted price developments with such accuracy, investment firms wouldn't spend millions on staff who conduct research and pay for information or insides to gain a competitive edge.

Like and Retweet. Sharing knowledge is the key to collective defense. Educate your circle — friends, family, and fellow enthusiasts — to create a network of vigilant minds guarding against deception.

If you liked my opinion and were interested by my analysis, you can support me here (USDT TRC20):

THc7BwGBqDVjmEN28pSmMj5PRw8VVjwR4K

or

https://t.co/iYXD5S9W0M

Disclaimer : The author does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing any security or cryptocurrency; nor is Author, registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any security or cryptocurrency.

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