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Ninja Talks EP 20: The Book of Five RingsAs a martial arts enthusiast I found myself reading (again) my favourite book of all time, "The Book of Five Rings" by Miyamoto Musashi. TLDR; A 16th Century Samurai who had 64 duels to the death, never lost and wrote down all his techniques, thoughts and insights shortly before he died atop Mount Iwato. Yeah I know, crazy, but true. Anyway, I found myself reading this book again and I got to the chapter on Footwork where Miyamoto states something super important that relates to trading massively and something that will 100% help you in your finance career. He said, "Tred strongly on your heels and allow leeway in your toes." Essentially this is how I saw it as a trader. The heel is the first principles of trading - aka the core fundamental rules you must follow to build your trading career. The Toes are redundant techniques, noise, other peoples opinions, fake news and basically anything that isn't fixed, but constantly changing instead. Here's how I see it, as traders we need to "Tred strongly on our First principles" and not get lost in frivolous escapades to find the perfect strategy - it doesn't exist, nor does it need to - because first principles are the building blocks of a successful career, not temporary dopamine Toes the majority of traders chase each day. The first principles? + Psychology before, during and after a trade. + Win Rate + Risk + Reward + Entry/Exit technique(s) + Intuition (gained from experience, screen time and age) + Money Management and Compounding Tactics + Awareness (The core core) Does this make sense Ninjas? Operating from first principles allows you to focus on what's real and lasting, not things that are illusory and temporary. That's all for this episode! If you like this then consider giving a follow for more Ninja Talks. Keep your blades sharp! Nick
Education
by NinjaTradingServices
What are the ways to profit from choosing an exchange wisely?Previously, we wrote about the free bonuses that exchanges provide us and how they ensure the speed of transactions and minimal slippage . In this idea we will talk about the interface of exchanges, the terminal and what are the main types of orders that should be on any terminal nowadays. An interface of a cryptocurrency exchange should be user-friendly. We won’t use any product or service which repels us by its “packaging” on first impression. So let's check the most common mistakes and so called red-flags that exchanges make in their interface: Cluttered Interface. This can make it difficult for us as users to navigate the exchange and find the information we need Poor Navigation. If we can't easily find what we're looking for, we're likely to become frustrated and leave the exchange. It's important for exchanges to have clear and intuitive navigation Lack of Mobile Optimization. You have already known all the importance of mobile-optimized interface. (Mobile devices were responsible for 43% of all cryptocurrency transactions in 2022) Confusing Terminology. Cryptocurrency can be complex, especially for newbies. It's important to use clear and simple language to help everyone understand the exchange Slow Load Times. Finally, slow load times can be a major issue for cryptocurrency exchanges. If we have to wait too long for pages to load, we are going to live very soon In a current market with many “players” it's hard to get a user with only a quality design and interface and here we come to another important point for traders - types of orders and options for it . It is important to have many different types because it allows us to execute trades in a way that best suits trading strategy and risk tolerance. Here is the list of the most popular and in the meantime significant ones: 1. Market order: buy or sell a given instrument at the market price. The price for these types of orders is defined as the best price available on the market at the point of time the order is being placed. Since the price changes constantly, the total price and fees are provided as estimates rather than exact values. 2. Limit order: execute a trade at a specified price or better (limit price). A Limit order to buy would be at the limit price or lower, and a Limit order to sell would be at the limit price or higher. Subtypes of limit orders: Good-Till-Cancelled - lasts until the order is completed or canceled. Day - automatically expires if not executed on the day the order was placed. Good-Till-Date/Time - automatically expires at the specified date and time. Fill-Or-Kill - must be executed immediately in its entirety; otherwise the entire order will be canceled Immediate-Or-Cancel - must be executed immediately. Any part of an IOC order that cannot be filled immediately will be canceled. 3. Scaled orders: you can set multiple orders at once. This lets you implement the most sophisticated trading strategies with ease. For example, if you'd like to consistently sell portions of some currency in case its price is increasing. Usually, you would have to create a whole lot of sell orders manually, specifying the desired amount, and the price each time. With Scaled orders, you can noticeably speed up this process. Now a little bit about options: A Stop-loss option on your orders helps with minimising risks attached to trading. This option is available for Market and Limit orders with a preselected Stop option, which ensures that your order will be placed as soon as the price reaches a certain value, called the Trigger price. A Take-profit option on your orders helps with consolidating your gains from trading. This condition is available for Market and Limit orders with a preselected 'Stop' condition — a condition that ensures that your order will be placed as soon as the price reaches a certain value, called the Trigger price. A Post only option ensures that your limit order will be added to the order book and not match with a pre-existing order. If your order would cause a match with a pre-existing order, your post-only limit order will be canceled. The 'Post' only option guarantees that you will pay the maker fee and not the taker fee unless matched with a hidden order. A Reduce only option enables you to create buy and sell orders meant to reduce an existing position without opening an opposite long or short position worth more than the current value of your leveraged assets. This essentially means that you will not be able to execute more than the size of your position, allowing you to trade without risking over-exposure of your assets. In conclusion, it’s crucial for you to choose exchanges that have a user-friendly interface and a variety of order types. It can help execute trades more efficiently and with greater precision, leading to a better overall trading experience. Thanks for reading! Write in a comment what other important points you pay attention to when choosing an exchange
CRYPTOCAP:BTCEducation
by Samura0x
5
Behind the scenes of exchanges. Speed of orders and slippageHello guys. Today we are sharing with you an idea about the impact of order speed and slippage. Why is it important and what exchanges could do to provide us with the best solutions? First of all, fast order execution is essential for those of you who are looking to take advantage of market opportunities in real-time. If orders are executed too slowly you may miss out on profitable trades or be forced to accept less favorable prices. Unpredictable slippage can lead to unexpected losses, which can be particularly damaging in volatile markets. On the other hand, high-speed trading can also increase the risk of market manipulation and other forms of unethical behavior. Traders who are able to execute orders more quickly than others may be able to manipulate prices in their favor, leading to unfair advantages and potentially harming other market participants. What do exchanges do to ensure the best speed and lowest slippage? 1. Orders speed: Exchanges make use of a combination of advanced technology and strategic partnerships to offer fast order execution. They are using high-performance servers and optimized software to process orders quickly Some exchanges use machine learning algorithms to predict market trends and react to market movements more quickly. By analyzing large amounts of trade data, these algorithms can identify patterns and make predictions about future market conditions. This allows exchanges to offer faster and more accurate trading services to their users 2. Slippage As we all know, slippage refers to the difference between the expected price of a trade and the actual price at which the trade is executed. To minimize slippage on orders, exchanges can use different strategies: Employ advanced order matching algorithms that can quickly and accurately match buyers and sellers based on their preferences and available liquidity. These algorithms can help to reduce the likelihood of trades being executed at unfavorable prices, which can help to minimize slippage Exchanges provide users with access to a deep liquidity pool. This can be achieved by partnering with market makers and other liquidity providers, who can help to ensure that there is always a reliable supply of buyers and sellers for each currency pair. And last but not least, exchanges offer users the ability to place limit orders, which allow them to specify the maximum price they are willing to pay for a particular currency. This can help to minimize slippage by ensuring that trades are only executed when the desired price is available. So what was the main purpose of this idea? To reflect the importance of transaction speed and slippage on exchanges, because the outcome of transactions and their convenience for us as users directly depends on it. If you want to make a profit in this market, you should understand exactly what exchanges are doing to give you the best options. With this knowledge you are able to choose exchanges to trade with more wisely. Thank you for reading, don’t forget to check the links below. Check the speed of transactions and slippage on our terminal, as we are constantly working on it! We are ready to drop you some bonuses for testing our platform and sharing your feedback! Contact us here on TradingView or any other way that is convenient for you
CRYPTOCAP:BTCEducation
by Samura0x
4
XProfit and DreamBot for a 20X-40X/ year. Strategy detailsHello traders, Here is in details how Xprofit works with DreamBot. How the signals are placed. And what it takes to make 20X -40X of the total account in a period of a year. You will see how it works. Example : Let's say you start the year with a $1,000 investment on DreamBot. That would make you a starting balance of 5ETH (since 1 eth is currently trading at $200). XProfit gives a net profit without leverage of 600%-800% per year. With leverage of 2 used by DreamBot automating everything it gives you a net profit of 1200%-1600%. Let's take the average of those which would be 1400% net profit per year on total account balance including leverage. End of the year you would end up with 5 ETH ( initial investment) x 14 (1400% Net profit = x14) = 70 ETH End of the year price of ETH: (hypothesis) If 1 ETH = 200$ --> 70x200= $14,000 If 1 ETH = 300$ --> 70x300= $21,000 If 1 ETH = 400$ --> 70x400= $28,000 If 1 ETH = 500$ -->70x500= $35,000 If 1 ETH = 600$ -->70x600= $42,000 This is to give you an idea on what is possible if you have a clear plan which is automated... links below to join the group ;) cheers
BYBIT:ETHUSD.PEducation
by RobotElvis
5
BYBIT BTCUSD 4H Automated StrategyHi guys, here's a new strategy for BYBIT:BTCUSD in 4h (240) timeframe. Long and Shorts. To create this setup I backtested the configuration on one year data (2019 to today). The goal was to make a solid Swing Trading Strategy which catches major moves in the market, with a relatively low risk. To achieve this the idea is to use a Trailing Stop Loss AND Take Profit. I know Bybit doesn't allow such features but my indicator has it in its body. The Long Take Profit starts at 30% which is 3 times higher than the Short one, because that's how Bitcoin is: its bull rallies tend to be stronger than the bears. For the entries, I used oversold and overbougth reversing RSI in order to capture tops and bottoms. RSI length of 7 with a lookback of 125 bars to get the highest/lowest point. I filtered the bad entries using Tilson T3 trend line with a length of 36 days. I hope you find the strategy interesting! For those willing to automate or backtest using my private indicator, use the links below to get it. Here is the configuration: To create the alerts, use the regular 'LONG ENTRY' and 'SHORT ENTRY' for the entries and 'ALL EXIT' for exiting both kind of positions.
BYBIT:BTCUSD.PEducation
by cyatophilum
2