Duolingo for trading is here.
Except you can actually trade 24/7 after you learn.
Lessons. XP. Streaks. Simulated trading. Real markets.
Now on iOS + Android.
For all those starting out and wanting to understand trading fundamentals, welcome to Rift Academy ๐ต
Download the latest update on iOS! https://t.co/97HUVzxH1s
More courses and subjects coming soon ๐ซก
@BONIU888@AdamWeitsman Let me know your feedback! If you're unable to download because of your location, let me know because we have a separate app with just Academy that is also localized too
Duolingo for trading is here.
Except you can actually trade 24/7 after you learn.
Lessons. XP. Streaks. Simulated trading. Real markets.
Now on iOS + Android.
AUTOMATING YOUR RISK RULES!
If I had to pick some of the lowest hanging fruit for traders nowadays, itโs using AI to create safeguards and automations to better control your risk.
This could mean automating sizing calculations, automating how many tickers youโre allowed to trade, or how much youโre allowed to lose on a position or on the day or week or month.
I know not all brokers allow you to set daily loss limits. But with AI and automation, anything is now on the table.
If you havenโt done any of this, take the time to define your rules and look into ways to protect yourself.
It could even be wildly creative! If your account value dips below a level, all positions are liquidated and youโre locked out of your account. Or your wife or trading buddy is emailed to lock you out and demand a post mortem review!
My buddy @apaley of @riftapp did an awesome video on some creative ways you can do this:
https://t.co/SjgLEomILv
How cash-out works with MoneyGram Ramps on @riftapp:
โ Send to MoneyGram Cash Pickup
โ Select your location
โ Enter your withdrawal amount
โ Bring your ID + confirmation number to a MoneyGram location
โ Pick up your cash
Thatโs the bridge from onchain money on @solana to the real world.
@rawC7Z@TheOneLanceB@apaley The easiest way to think about perps is that they are futures that don't expire where you don't need to worry about rolling contracts.
@nftmufettisi@TheOneLanceB@apaley Indeed! You have perps on basically every asset type (equities, crypto, commodities, forex) inside of Rift. Let me know if you have any questions once you check out the app!
App Store: https://t.co/ZaI7WId1C4
@rawC7Z@TheOneLanceB@apaley Why against? I think perps as a product is becoming more and more popular because it's simpler to understand than traditional futures.
@HDPokerPlayer@TheOneLanceB@apaley @thejudgejordan What do you mean by the current funding rate setup? The Funding Rate is what keeps the perpetual futures price in line with the spot price. This is basically the replacement for contango / backwardation that you'd have in traditional futures.
@T_Harth@TheOneLanceB@apaley There are a few costs with perps. There is the exchange fee to open and close order, which is <0.05% if you are placing limit orders (Maker Fee)
And then you have the Funding Rate you pay every hour to keep your position open "perpetually"