I finally took some time to explore MOZI’s Pair Trading tool.
This is the part I found interesting:
Long ETH / Short BTC → one combined P&L.
And you can backtest the spread before doing anything.
You can explore the pair, check the historical spread, and manage the two legs through the same workflow.
I’m still exploring it myself
Try it yourself here : https://t.co/yrlRw1mMZk
@mozifinance
#PairTradeMOZI #pairtrade
NFA
If you’ve avoided a losing week on fx, consider it a win. If you avoided not going into a tilt, pat yourself on the back.
Most of us as traders believe the only way to measure progress is if we have a profitable week. That’s never been far from the truth, and this is because realistically you’ll never be making money every week. Actually most weeks, if you’re experienced enough, you’ll hover around breakeven. Being profitable is a combination of your ability to make money, AND your ability to lose LESS!
A good trader makes profit, BUT CAN ALSO KEEP THE PROFIT. Part of keeping the profit is not engaging in self sabotage: not overtrading, not overleveraging, not chasing price, not revenge trading, not trading off of “vibes”.
The biggest action you can make right now, that would significantly make you lose less, is to only lose trades you’ve planned and anticipated for. This means your losses only comes from following your model, and not a combination of emotional reactions to price.
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