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Re: Bitinsure. Working ways to save the deposit and increase profits
HOW TO DEAL WITH LOSSES IN TRADING
Nobody likes to lose. Its an undeniable fact that we should accept. Trading is related to wins and losses that we also cannot doubt about. Thus, having losses and feeling uncomfortable with them is common in trading, however, each perceives it in their own way. And this way of perception significantly influences the results of trading. Here a common mistake appears: The people are not accepting losses. Almost everyone feels more negative emotions having a loss of the amount A and less positive feelings with the same amount of profits (here we deal with humans psychology).
Let us look at how it works. Below you can see the charts with two assets you invested in a year ago. The first one (A) is bringing you profits, while the second one (B) losses. And imagine you have a choice to close one of the trades to buy a new asset. What would you do?
https://i.postimg.cc/k444LK5T/losses.png
Read the full post here: https://www.bitinsure.com/blog/how-to-deal-with-losses-in-trading/
Nobody likes to lose. Its an undeniable fact that we should accept. Trading is related to wins and losses that we also cannot doubt about. Thus, having losses and feeling uncomfortable with them is common in trading, however, each perceives it in their own way. And this way of perception significantly influences the results of trading. Here a common mistake appears: The people are not accepting losses. Almost everyone feels more negative emotions having a loss of the amount A and less positive feelings with the same amount of profits (here we deal with humans psychology).
Let us look at how it works. Below you can see the charts with two assets you invested in a year ago. The first one (A) is bringing you profits, while the second one (B) losses. And imagine you have a choice to close one of the trades to buy a new asset. What would you do?
https://i.postimg.cc/k444LK5T/losses.png
Read the full post here: https://www.bitinsure.com/blog/how-to-deal-with-losses-in-trading/
Re: Bitinsure. Working ways to save the deposit and increase profits
KEY TRADING PERFORMANCE METRICS
Maximum drawdown
Assessing trading performance is an effective way to improve your trading system and get more profits. Read about the profit factor, one of the key performance metrics to rely on. Assess, improve and achieve your trading goals!
In this article we continue discussing key trading performance metrics that contribute to your trading strategy all-round assessment, resulting in crucial improvements and constantly increasing profitability.
What is essential to remind you from the previous article is that there are two pillars of successful progressive trading that are:
Precise recording of trading statistics (manually and/or automatically),
Calculation of additional trading performance metrics.
By completing these actions, you get an idea of your trading performance and a comprehensive picture of its efficiency via key trading metrics that provide you with valuable insights of your strengths and weaknesses. Among these metrics, there are profit factor (discussed in a previous article), maximum drawdown, total, and average net profit, etc. In this article, we are covering the maximum drawdown, one of the most essential risk assessment indicators.
Maximum drawdown (MDD) is a metric that means a peak-to-trough decline of your deposit (before a new high is reached) during a particular period of time. Simply, the maximum losses you suffered.
Read more:
https://www.bitinsure.com/blog/key-trading-performance-metrics-maximum-drawdown/
Maximum drawdown
Assessing trading performance is an effective way to improve your trading system and get more profits. Read about the profit factor, one of the key performance metrics to rely on. Assess, improve and achieve your trading goals!
In this article we continue discussing key trading performance metrics that contribute to your trading strategy all-round assessment, resulting in crucial improvements and constantly increasing profitability.
What is essential to remind you from the previous article is that there are two pillars of successful progressive trading that are:
Precise recording of trading statistics (manually and/or automatically),
Calculation of additional trading performance metrics.
By completing these actions, you get an idea of your trading performance and a comprehensive picture of its efficiency via key trading metrics that provide you with valuable insights of your strengths and weaknesses. Among these metrics, there are profit factor (discussed in a previous article), maximum drawdown, total, and average net profit, etc. In this article, we are covering the maximum drawdown, one of the most essential risk assessment indicators.
Maximum drawdown (MDD) is a metric that means a peak-to-trough decline of your deposit (before a new high is reached) during a particular period of time. Simply, the maximum losses you suffered.
Read more:
https://www.bitinsure.com/blog/key-trading-performance-metrics-maximum-drawdown/
Re: Bitinsure. Working ways to save the deposit and increase profits
I have a few questions, how long is trial valid? Are there any statistics where you can judge how effective sofware is? Maybe from other users? Or is it only with your own experience? Because $ 100 is not cheap. Thanks for the answer
Hello! You can use free trial for 15 days. Also, a basic plan is available ($15)
As for the user experience, you can find some feedback at our official website:
https://www.bitinsure.com
Thank you!
Re: Bitinsure. Working ways to save the deposit and increase profits
Key trading performance metrics. Profit factor
Its typical of any successful trader to evaluate final trading results for particular periods. It provides traders with plenty of opportunities for more profits, revealing the strengths of the trading system and also rooms for improvement. That is why the evaluation stage is considered to be one of the most essential parts of trading that contributes notably to profitability. Then the question arises: How to assess your results adequately?
Firstly, obviously, you need to have the data to assess. It means that your trading performance should be tracked constantly to be assessed at this or that period. Thus, the first point is to gather trading statistics. By the way, in hedge funds that stably earn huge amounts of money, the statistics is one of the most powerful instruments that is always monitored and controlled by auditors. Just do the same!
Secondly, the naked statistics you gather is not enough to get a comprehensive picture of your trading performance. It is helpful indeed, but the trading report also should contain special trading performance metrics that provide you with a tremendous amount of data to test or evaluate your trading system.
To illustrate the obligatory need for supportive calculations, imagine yourself being aware of your final, let it be, monthly, profitability. In this case, you see (hopefully) the positive number, but you are not really able to evaluate your trading strategy because you do not know the price you paid for your earnings, although it might be too high. This way, you are not aware of the trading performance efficiency and not able to increase earnings accordingly.
That is why professional traders use trading performance metrics. Among the key ones, there is a profit factor, maximum drawdown, total, and average net profit, etc. In this article, we explain the profit factor, one of the basic but fundamental metrics.
Profit factor is calculated as the gross profit divided by the gross loss (in other words the total losses including the commissions) for a particular trading period.
Profit factor = gross profit / gross loss
This way, we get a number that reveals our profit amount per risk unit. The number is crucial for traders, as trading consists of wins and losses that you cant avoid. The profit factor reveals the degree of how your profits are higher than losses, in other words, the efficiency of the trading system.
Find more detailed description here:
https://www.bitinsure.com/blog/?p=207
Its typical of any successful trader to evaluate final trading results for particular periods. It provides traders with plenty of opportunities for more profits, revealing the strengths of the trading system and also rooms for improvement. That is why the evaluation stage is considered to be one of the most essential parts of trading that contributes notably to profitability. Then the question arises: How to assess your results adequately?
Firstly, obviously, you need to have the data to assess. It means that your trading performance should be tracked constantly to be assessed at this or that period. Thus, the first point is to gather trading statistics. By the way, in hedge funds that stably earn huge amounts of money, the statistics is one of the most powerful instruments that is always monitored and controlled by auditors. Just do the same!
Secondly, the naked statistics you gather is not enough to get a comprehensive picture of your trading performance. It is helpful indeed, but the trading report also should contain special trading performance metrics that provide you with a tremendous amount of data to test or evaluate your trading system.
To illustrate the obligatory need for supportive calculations, imagine yourself being aware of your final, let it be, monthly, profitability. In this case, you see (hopefully) the positive number, but you are not really able to evaluate your trading strategy because you do not know the price you paid for your earnings, although it might be too high. This way, you are not aware of the trading performance efficiency and not able to increase earnings accordingly.
That is why professional traders use trading performance metrics. Among the key ones, there is a profit factor, maximum drawdown, total, and average net profit, etc. In this article, we explain the profit factor, one of the basic but fundamental metrics.
Profit factor is calculated as the gross profit divided by the gross loss (in other words the total losses including the commissions) for a particular trading period.
Profit factor = gross profit / gross loss
This way, we get a number that reveals our profit amount per risk unit. The number is crucial for traders, as trading consists of wins and losses that you cant avoid. The profit factor reveals the degree of how your profits are higher than losses, in other words, the efficiency of the trading system.
Find more detailed description here:
https://www.bitinsure.com/blog/?p=207
Re: Bitinsure. Working ways to save the deposit and increase profits
WHEN IT IS BETTER NOT TO TRADE
https://i.postimg.cc/D0GDnrJB/When-it-is-better-not-to-trade-social.png
Trading is a difficult job. Choosing when to trade is hard too! But they both may result in impressive profits. Sometimes your willingness to trade is so strong that you ignore the crucial factors harmful for your trading performance.
Read about the times when trading is not recommended, even if you are extremely bored of quarantine
Stay safe & keep your deposit safe!
https://www.bitinsure.com/blog/?p=197
https://i.postimg.cc/D0GDnrJB/When-it-is-better-not-to-trade-social.png
Trading is a difficult job. Choosing when to trade is hard too! But they both may result in impressive profits. Sometimes your willingness to trade is so strong that you ignore the crucial factors harmful for your trading performance.
Read about the times when trading is not recommended, even if you are extremely bored of quarantine
Stay safe & keep your deposit safe!
https://www.bitinsure.com/blog/?p=197
Bitinsure. Working ways to save the deposit and increase profits
Hello traders!
We are developing a trading software that helps to avoid losses, increase profits and save time. Having expertise in trading and developing an idea of the software we revealed the most essential topics that were asked by our customers and other traders. We'd like to share what we discovered and cover these topics in this thread.
So, here we will aggregate the articles and other materials on these topics that mostly consider building effective trading systems that bring stable profits.
The major topics:
- Risk management in trading
- Money management
- Trader's psychology
- Trading software
Share your experience, request more articles and ask questions!
Best wishes and profitable trades,
Bitinsure team
P.S. Try the software! Free trial is available!
https://www.bitinsure.com/
We are developing a trading software that helps to avoid losses, increase profits and save time. Having expertise in trading and developing an idea of the software we revealed the most essential topics that were asked by our customers and other traders. We'd like to share what we discovered and cover these topics in this thread.
So, here we will aggregate the articles and other materials on these topics that mostly consider building effective trading systems that bring stable profits.
The major topics:
- Risk management in trading
- Money management
- Trader's psychology
- Trading software
Share your experience, request more articles and ask questions!
Best wishes and profitable trades,
Bitinsure team
P.S. Try the software! Free trial is available!
https://www.bitinsure.com/
HI,
Over the years I've acquired around a few hundred dollars worth of bitcoin. I'm now looking to sell off part of my coins and start trading on the side of what I do personally for work. I was in the bitcoin scene awhile ago but i'm looking to get back into it. My question to everyone here is: What are the DOs and DONTs of bitcoin trading? Also any other advice for a beginner would be helpful. I'm new to this site, so i'm sorry if there is already a thread posted about this. Also, what are the best sites to use for trading through experience? Complexity doesn't matter to me. Thanks in advance for any help I receive.
Regards,
Kyle aka Aggressive
Over the years I've acquired around a few hundred dollars worth of bitcoin. I'm now looking to sell off part of my coins and start trading on the side of what I do personally for work. I was in the bitcoin scene awhile ago but i'm looking to get back into it. My question to everyone here is: What are the DOs and DONTs of bitcoin trading? Also any other advice for a beginner would be helpful. I'm new to this site, so i'm sorry if there is already a thread posted about this. Also, what are the best sites to use for trading through experience? Complexity doesn't matter to me. Thanks in advance for any help I receive.
Regards,
Kyle aka Aggressive
Hello mate! Try to use professional software, like, for instance https://www.bitinsure.com/
The idea is to trade systemetically and monitor risks.
This is possible to do manually or with the help of software I shared
Just calculate your risks and get alerts when they are reached!
Re: to be able to get a large profit in today's trading is very difficult!
The idea is to trade systemetically and monitor risks.
This is possible to do manually or with the help of software. For instance, https://www.bitinsure.com/
This is possible to do manually or with the help of software. For instance, https://www.bitinsure.com/
Криптовалюты рынок относительно молодой и перспективный. Можно много заработать, если подойти к этому с умом.
Мы делаем софт для торговли на Bitmex (а потом и на других биржах) и хотели бы поинтересоваться у вас, трейдеры, что было бы полезно именно вам? Результатами обязательно поделимся!
Идеи следующие:
1. Контроль рисков - уже реализовано
Риски это ваша подушка безопасности. Это контроль ваших потерь в одной сделке, за один день, месяц, это количество проигрышных сделок подряд следите ли вы за этими показателями? Риск-менеджмент минимизирует потери и создает почву для систематической прибыльности.
Вы устанавливаете лимиты потерь для Вашего счета (нескольких счетов) например, максимальная просадка, количество потерь подряд, риск на одну сделку, а приложение отслеживает Ваши результаты и при достижении лимитов отправляет Вам уведомление. Профит: автоматизация контроля потерь = экономия времени, увеличение прибыли за счет эффективного контроля.
2. Умные стопы
Забываете ставить стопы? Не хотите вообще о них думать?
При установке лимитов (контроль рисков описано выше) Вы автоматизируете функцию стопов другими словами, можете о них не думать. Они сами выставляются, исходя из ваших лимитов. Профит: у Вас больше времени, нет проблемы с забытым или неправильно выставленным стопом.
3. Сбор статистики - уже реализовано
Не ведешь статистику? Или ведешь ее вручную, и это долго? Статистика выполняет роль аудитора в торговле (как в фондах, которые, кстати, систематически зарабатывают, совпадение?) показывает ход торговли, слабые и сильные стороны. Она необходима, если хочешь зарабатывать большие деньги.
В приложении есть подробная статистика Вашей торговли, данные представлены в удобном виде, информация обновляется. Можно отслеживать данные нескольких аккаунтов. Профит: автоматизация статистических отчетов = удобный анализ торговли без сбора статистики«руками» + можно показать красивую статистику фонду, если берете в ДУ.
4. Рекомендации на основе Вашей статистики
Любая стратегия должна своевременно корректироваться ведь рынок меняется.
На основе собранной статистики вы получаете рекомендации относительно вашей торговой стратегии (например, размер позиции, стопа...). Профит: эффективная своевременная корректировка стратегии = прибыльность.
Можете попробовать на сайте, что уже есть - https://www.bitinsure.com/
Бесплатно можно.
Пишите цифры в комменты! Ваши варианты приветствуются!
Мы делаем софт для торговли на Bitmex (а потом и на других биржах) и хотели бы поинтересоваться у вас, трейдеры, что было бы полезно именно вам? Результатами обязательно поделимся!
Идеи следующие:
1. Контроль рисков - уже реализовано
Риски это ваша подушка безопасности. Это контроль ваших потерь в одной сделке, за один день, месяц, это количество проигрышных сделок подряд следите ли вы за этими показателями? Риск-менеджмент минимизирует потери и создает почву для систематической прибыльности.
Вы устанавливаете лимиты потерь для Вашего счета (нескольких счетов) например, максимальная просадка, количество потерь подряд, риск на одну сделку, а приложение отслеживает Ваши результаты и при достижении лимитов отправляет Вам уведомление. Профит: автоматизация контроля потерь = экономия времени, увеличение прибыли за счет эффективного контроля.
2. Умные стопы
Забываете ставить стопы? Не хотите вообще о них думать?
При установке лимитов (контроль рисков описано выше) Вы автоматизируете функцию стопов другими словами, можете о них не думать. Они сами выставляются, исходя из ваших лимитов. Профит: у Вас больше времени, нет проблемы с забытым или неправильно выставленным стопом.
3. Сбор статистики - уже реализовано
Не ведешь статистику? Или ведешь ее вручную, и это долго? Статистика выполняет роль аудитора в торговле (как в фондах, которые, кстати, систематически зарабатывают, совпадение?) показывает ход торговли, слабые и сильные стороны. Она необходима, если хочешь зарабатывать большие деньги.
В приложении есть подробная статистика Вашей торговли, данные представлены в удобном виде, информация обновляется. Можно отслеживать данные нескольких аккаунтов. Профит: автоматизация статистических отчетов = удобный анализ торговли без сбора статистики«руками» + можно показать красивую статистику фонду, если берете в ДУ.
4. Рекомендации на основе Вашей статистики
Любая стратегия должна своевременно корректироваться ведь рынок меняется.
На основе собранной статистики вы получаете рекомендации относительно вашей торговой стратегии (например, размер позиции, стопа...). Профит: эффективная своевременная корректировка стратегии = прибыльность.
Можете попробовать на сайте, что уже есть - https://www.bitinsure.com/
Бесплатно можно.
Пишите цифры в комменты! Ваши варианты приветствуются!