[Daily Discussion] - Friday, December 03, 2021 Bitcoin Markets |
- [Daily Discussion] - Friday, December 03, 2021
- BTC Trend Prediction
- Hello everyone, today I would like to talk about losses in Bitcoin trading and how to deal with them. Everyone is now eager to see Bitcoin go to $100k, but keep in mind that not everyone will be able to sell before the market crash that will happen right after the ATH.
- Public and private keys
| [Daily Discussion] - Friday, December 03, 2021 Posted: 02 Dec 2021 09:00 PM PST Thread topics include, but are not limited to:
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| Posted: 03 Dec 2021 02:02 AM PST Hey everyone ! For the past few months, I've been working on Deep Learning analysis algorithm in order to predict the daily trend of BTC. I'm working mainly with charts data like RSI, ADX, Hashrate, etc based on my previous trading experiences to determine if the closing price of the 24h candle will be higher or lower than its opening price. I have been publishing my models' results for a month now on a Telegram channel to keep track of it and they have been giving 73,5% of good predictions. Do you think that a binary signal like this one might be useful for daily trading ? Might it be a better idea to use it for something like a weekly/monthly crisis model ? I am thinking of bringing some more fundamental data like Futures, Accounts, etc, have you some suggestions on wich one might be relevant ? [link] [comments] |
| Posted: 02 Dec 2021 08:20 AM PST It's impossible to trade or invest and not find yourself into a losing position. That's just the way things are. And a large trading loss can be devastating, not only financially, but emotionally. Losses are a natural part of trading, but that doesn't make them any easier to handle. We don't like losses, and we'll do almost anything to avoid taking them. The number one thing I want to make sure of when I have a losing trade is that I didn't fail in the execution, because that still can happen right like you get in late or you take a signal that's not really that good. If everything is correct with your trading plan which should define where you will enter and exit a trade, then you should be fine. In a situation like this, where you have a defined trading plan there is nothing to contemplate because you should be confident that in the long run, your strategy will bring you good profit. It is also crucial to define your potential losses before you enter any trade. Define your possible loss, or risk, in comparison to your possible reward, or profit. It is also important that you don't take losing personally. Traders who put their self-esteem on the line with their money are especially vulnerable to strong, unpleasant emotions when they lose. But if you take a more carefree approach, and think, "It is not personal; it isn't a big deal in the end," then you will be able to accept a loss and take quick, decisive action. You should also analyze each loss. It is not an enjoyable activity to do, but all successful traders would say that honest and brutal analysis of each loss is what helped them recover and turn their trading for the better. Analyzing losses can help you improve your trading plan which can only make you a more profitable trader in the future. Also, it is good to realize that trading is an endless process of learning. Just like in real life you learn more from your mistakes than from your victories. Losing money should motivate you to look improve your strategy, read more about trading and become more disciplined. Next time, you will have a better idea of what happened and where you went wrong and can open up room for improvement and start stacking the odds in your favor. It sounds obvious, but putting your focus out of making money and into enjoying the process, will keep you on the right track and more likely to end up in profit. [link] [comments] |
| Posted: 02 Dec 2021 01:40 AM PST Hi, New to crypto, and have a question Are public keys related to the crypto (coins) themselves and private keys related to the wallet - as in 1 key for the entire wallet of various cryptos? Or do all cryptos have unique private keys? e.g. Public key for a bitcoin purchase, like a bank account sending it. and e.g. Private key for the entire wallet of cryptos, to move it yourself (send etc) I am using trust wallet [link] [comments] |
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