If anyone has simplified reference material I could go through on position sizing, risk to reward and profit taking, I would appreciate. I m still a learner.
My position sizing is depends on my mastery in a specific trading setup. I have criteria that I keep following for me to have a good position sizing. Traders should also focus to improve position sizing because it is part of risk and management that is important in order for us to protect our capital and maximize our returns. My position sizing always depends on my mastery and also the general trend of the market. If the trend is uptrend, I can put 25%-75% of my capital. If the trend is sideways, the maximum position that I can put is 50% but when the market is in downtrend I only allocating below 25% of my capital in order for me to have good risk and management.
Thanks TitanGEL, This poinst makes lots of sense to me.
Pls few clarifications on the following:
-What criteria you keep following to determine your PS (Position size)? Only mastery and general market trend? -WHen you said '...traders should focus to improve PS...' do you mean Increasing our position size or just improving position sizing skill?
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Topic
BoardTrading Discussion
Topic OP
Your Best Lesson Note on Position Sizing
by
Tobaa
on 24/04/2020, 01:32:29 UTC
I m in need of best practice on position sizing, risk reward ration. Gone through different video online, but not OK with their explanation. Any reference on - Position Sizing, Risk Reward and Taking profit. Cheers
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Topic
BoardCurrency exchange
Topic OP
Bitcoin Buyer in Las Palmas
by
Tobaa
on 27/10/2019, 05:27:07 UTC
I urgently need a bitcoin buyer in Las Palmas. I am travelling tomorrow and I need cash but my ATM card is not working.
Let me try to answer this, there are various decisions when Bitcoin price pumped
A sell off their altcoins for BTC, so that they can ride Bitcoin movement to take profit
B buy some altcoins with their USDT because these coins are in cheap price when paired to BTC, and end with the increasing demand of altcoins that make USDT pairs in a green color, later when Bitcoin is stable and BTC pairs will start increasing, B can sell their altcoins for BTC and gain Bitcoin more than if B bought BTC directly with USDT or Altcoins
I hope this makes sense
Thanks for the explanation. But I dont really get the B part.
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Topic
BoardAnnouncements (Altcoins)
Re: [ANN] CREDITS - New Blockchain for financial industry [OFFICIAL THREAD]
About 175k-300k tsp seems stable. CS platformcan handle more than 1 million as easily as indicated by the spike that is a sign of great things. Shows Credits great potential period. Let's enjoy that moment
Hi,
I was searching for an altcoin that has the highest tps and this thread came up.
Pls send me link to read more about this particular platform you're talking about.
Kind regards.
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Topic
BoardEconomics
Re: HOW DOES COINMARKETCAP and EXCHANGE COMPUTE Coin % CHANGE
by
Tobaa
on 30/07/2018, 15:10:06 UTC
Ok, thanks for all the inputs.
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Topic
BoardEconomics
HOW DOES COINMARKETCAP and EXCHANGE COMPUTE Coin % CHANGE
by
Tobaa
on 29/07/2018, 21:44:21 UTC
Hello
Pls I am trying to understand how sites like coinmarketcap and other exchanges compute the % change for coins.
Particularly, what time reference point do they use for 24hr, 1hr etc
Why do these giant tech coy always water down cryptocurrencies?
Hyperledger is just a Private Blockchain Solution developed for Institutions and big coy.
In my opinion, this will attract governments attention more but it will defeat the ultimate aim of Blockchain which the general public wants - a public blockchain.
Pls tell me, do you think I should spend my time studying Hyperledger or Ethereum Blockchain; I'm thinking of starting a course on one of those blockchains
PS: I'm not a developer but on the learning part to be one.
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Topic
BoardAltcoin Discussion
Re: Revolutionary Wireless Movie/Video Download App That Does Not Use Internet Data
"The app completely bypasses regular internet service and the conventional WiFi, as it uses a proprietary download access protocol that is independent of how much data a user has with their internet service."
That's funny. I don't think bypassing them would be that easy and legal. Internet free sms provider are not able to bypass the sms system with my operator and the Nollytainment idea seams like a Nigerian scam. FYI Nollywood is Nigerian flim industry.
Great project might not be easy but it is possible. Dont u think so?
well, will be interesting see how many poor venezuelan family know how to use a cryptocurrency or even know what they are talking about.
I hope that if really venuzuelan government wants to do an airdrop, have trained population.
LOL Young Venezuelans know crypto better than any other people in the world by now... almost everybody has a smartphone and an internet connection. And starting with the Petro, public high schools and universities are setting up courses and mining factories. Even crypto trading courses have been set up. Of course all this is totally ignored by the media, as they need to portray a collapsed country with a useless and corrupted government.
Venezuela is one of the countries with the cheapest electricity in the world which explains why they have so many miners and the state is regulating them and creating even more.
Venezuela is way more advanced than the fantasies and propaganda will try to make you think. All this despite the sabotage and perpetual war from the US and their vassals, imagine without.
This is interesring. I will read more about Venezuela. But of recent, there have been no update about the Petro coin on their social media. What is happening?
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Topic
BoardTokens (Altcoins)
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
by
Tobaa
on 10/04/2018, 21:23:18 UTC
Pls where can one gets the English Version of Petro White paper?
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Topic
BoardAltcoin Discussion
Re: Why are my Free ERC20 Token Disappearing from MEW
by
Tobaa
on 09/04/2018, 23:15:28 UTC
A friend of my is experiencing this same issue - his token disappear so he has to save the token again.
He is using metamask.
I wonder why this is happening. I advised him to use imtoken instead
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Topic
BoardAltcoin Discussion
Revolutionary Wireless Movie/Video Download App That Does Not Use Internet Data
by
Tobaa
on 09/04/2018, 21:21:17 UTC
Hello peeps
I was amazed to watch a demo video on a technology a particular ICO is releasing.
"Nollycloud, one of the products in the Nollytainments blockchain powered Movie Distribution ecosystem, is a new technology that allows users download and watch full length movies, including heavy data Videos and Files, from the internet, at lightening speeds (i.e a 2-hour, 2Gig Movie can be downloaded in less than 1 minute!) without the users having to use any part of their internet service data or bandwidth."
This technology is a game changer especially in developing countries where internet is a challenge for most of the people.
Now, what do you thing about such technology, How would it be debloyed on the Blockchain,