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Binance knows your Stop Losses and will liquidate youI have proved before in this post that the big boys are big enough to push the price wherever they want. Now we have the smoking gun. From the CFTC's suit against Binance: During the Relevant Period, Binance has traded on its own platform through approximately 300 “house accounts” that are all directly or indirectly owned by Zhao, as well as accounts owned by Merit Peak and Sigma Chain. Zhao has also traded on the Binance platform through two individual accounts. … On information and belief, Binance’s proprietary trading activity on Binance’s own markets is directed by Binance’s “quant desk.” Binance does not disclose to its customers that Binance is trading in its own markets in its Terms of Use or elsewhere. Consistent with its apparent attempt to keep its proprietary trading activity on its own markets top secret, Binance has refused to respond to Commission-issued investigative subpoenas seeking information concerning its proprietary trading activity on Binance, including transaction data and communications among the members of the Binance “quant desk.” In other words, they are stopping you out on purpose when they see enough stop losses to give them an opportunity. Liquidating you, deliberately. I wonder how many Stop Loss Orders there are in the YELLOW areas. This is not a story about Binance, and I don't expect the exchange to fold. However, it is a story about Crypto, and why, if you want to be a trader, you should probably use FX or Commodities or Stocks or Indeces. While there is lots of manipulation in these too, it's not as blatant and commonplace, because with regulated products the criminals risk jail time.
COINBASE:BTCUSDLong
by Paul_Varcoe
19
Reminescence of a Scam Operator (ANTI SCAMMER GUIDE)Reminiscent of the roaring 1920s, the 2020 epidemic and the inability to work for many people brought an influx of new retail investors to the public market. Furthermore, the FED's decision to prop up the market by dropping interest rates combined with stimulus checks handed out by the U.S. government lured in even more investors who were hungry for profits. Although the market sensation also brought a rise of omnipresent scams across all trading platforms. Lack of workforce, sophisticated methods, and automated bots often play into the hands of perpetrators who try to get ahead of the platform and its users. Therefore, we decided to write this concise article with the purpose of helping new investors to recognize good apples from bad ones. The most common means of communication for criminals is to use private chat, public chat, comments, ideas, and headline references. Several examples of red flags are shown below. RED FLAGS AND OTHER POINTS: Asking for personal information and TradingView account information One common tactic criminals use to exploit their victims is to ask for personal information or account information (login and password). This information should not be disclosed to anyone, including someone claiming to be a platform's employee/support (as these people tend to have access to this information). Asking for trading account information Another standard method bad actors use is asking for trading account information. On such occasions, a perpetrator asks for existing account information or requests a victim to create a new account; then, a perpetrator usually asks the victim to invest money into the account and let them use it in return for shared profits. False promises The third point probably accompanies every other point on our list. This point relates mainly to false promises about trading achievements, which often include statements about having a high win rate, high net worth, and an unbeatable trading system. Financial gurus and lavish lifestyles A high follower count and strong social media presence do not equal reliability. Perpetrators often portray lavish lifestyles across social media platforms to entice more people and trick them into buying a trading signal service or trading course (or any other service). The public image does not necessarily have to match a person's authentic lifestyle. Indeed, trading as a career is highly time-consuming and does not come with trading from a vicinity of a pool or ski resort; that is just public perception. Trading signals and trading courses Unfortunately, most of the time, trading signal services (for buy) lack performance and do not consider subscribers' risk tolerance and account sizes. In regard to trading courses, we hold a similarly low opinion of them as we think learning a skill to trade goes far beyond a few hours of any trading course. Unrealistic win-rate claims Most brokerages report that their retail clients lose about 50-90% of the initial capital, especially when trading CFDs. Therefore, we would like to put in perspective how realistic claims about a high win rate really are. Professional traders tend to peak at approximately a 50% win-rate over a consistent period. Thus, claims about a 90% or higher win rate are likely to be false. Guaranteed moves and risk-free investments Another tactic of scamming utilizes guaranteeing moves in the market. However, there is nothing like a guaranteed move since the market constantly changes and is influenced by complex factors. These are just few points we included, however, we ask a public to share their own points in the comment section. DISCLAIMER: This content serves solely educational purposes.
Editors' picks
SP:SPXEducation
by Tradersweekly
70
GEO Group: BullishThe War on Fraud People Will go to Jail Government Expenditures are being reduced, however, by giving contracts to the GEO group, the government is bullish on this company. Fundamentally, net income and net revenue increase, bullish, especially in a time when the US dollar is increasing in value. Michael Burry's only stock position is GEO group I see no resistance or walls until at least $20 price levels, easy 100% return on investment. By buying shares, I do not need extra exposure which I typically use option plays for. I will sit on this play. I typically am never this long on something, but I truly believe that in this age of BTC and fraud from people who think the IRS are fools, will be surprised when the feds come knocking for the money. If the fed needs to reduce the money supply, it will do so by any means necessary. Also, like fundamentals, and financials, fully agree with this being way too undervalued. Just for the record I think EV cars will fail because they have zero towing capacity, likely will look into Hydrogen power instead.
NYSE:GEOLong
by kibakilla33
⚜️The War Room Update: BTCUSD: Bulls 🐃 🐃🐃 of steal⚜️Quick Update Will we see another attempt on the 10k level in the next few days/hours?? Watching for any breakthrough at this level Locking-in profit up to S&R’ lines I am shorting down from 10k level to capture any swing. Purchased two small shorts @new support level to hedge new Long options Overall exposure is hedge 3/17 (profit on BTC has already covered these trades this week.) How is your strategy developing today, guys? Post a link to your idea on BTCUSD in the comments. Enjoy the weekend where ever you are in the world. Stay safe and profitable. CS.✌️🏿 🔚 —————————— Important❗️: Whether you agreed or disagreed with this content, hopefully, you found it useful. Please remember to like, comment and follow. Let’s support each other to improve, learn and grow. —————————— Disclaimer⛔️: Please do NOT use my ideas as the basis for any financial investment. This content is time, price and market sensitive and intended for educational purposes only. -—————————— Bio 🅱️: Charles Sankara Day Trader London 🇬🇧 Ochie Rios 🇯🇲 Mombasa 🇰🇪 ——————————- 🔚
BLong
by CharlesSankara
1
GE: CSI Wall Street: Charts V Fundamentals - Truth V BeliefGE Nature of the Beast GE is a 3/6 stock - it builds in multiples of 3 and 6: 60 all time high, 6 crash low to 33 post crash high. Last cycle high 42. This year's big numbers are 33, 27, a massive break at 24 (last kiss at 23.82) followed by a $6 straight fall to 18 where it languishes now after a low for the year at 17.48. It really likes these numbers, as is plain to see to anyone who cares to examine the charts, long term and short. These numbers hide in plain sight. It's a beautiful, faithful stock - in some ways as beautiful as Bitcoin, except for bears, ever since it hit the top parallel back in mid 2016. Each of the last three rally attempts have all been 100 pips before GE crashes lower still. Price has memory, in that when a large corrective pattern such as this is eventually broken, price accelerates, the brakes/parallels have failed, and it will seek support from old structure lows and highs from the past - just as GE is doing now. It's therefore likely to make a final low at one of two spots: Where it is now at 18.00-17.48 - or 300 pips lower at 14.50. The fact that it has only been able to rally 100 pips again from 17.48 is not a good sign but it cannot be shorted unless 17.40 gives way at any point - in which case it's a worthwhile sell back to 14.55 where it then becomes a buy again with stops 20 points lower, requiring a complete reversal at that point if 14.55 is then struck. It's not much better than 50/50 here as things stand, with nothing for bulls to hang their hats on yet other than price stopping at the only support left above 14.50. Some might prefer to stand back and watch to see if 17.40 gives way, turning the odds from 50/50 to closer to 80-90% and looking to short here and buy back from 14.55 and get long again. That would be so much clearer and simpler and looks very likely given a little more time. For GE to show that the low is here, at 18.05 -17.48 it has to hold up at 17.48 on any retest Tuesday and rally at least 120 pips from 17.48 and then use 18.05 as support on any subsequent pull-back. It should then attract more buyers up to 19.39 where it's likely to fall away again.
NYSE:GE
by sumastardon
4