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Showing 20 of 31 results by laubeaud
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Board Trading Discussion
Re: Identifying Unique Trading Opportunities for Traders
by
laubeaud
on 06/09/2024, 08:39:43 UTC
Quote from: Altcoiner007 on September 04, 2024, 09:41:26 AM
I've missed out on a number of opportunities here in the crypto space for a number of reasons. While trading for instance, a number of narratives that are unpredictable shows up every now and then. Maybe, I've not been familiar with those, right?

Could someone provide insight into successful strategies that traders employ to recognize and leverage unusual trading opportunities within the market? Additionally, what are your thoughts on participating in trading events? And if there are some ongoing ones, I would like to take a look.

I know what you're saying. It's called a black swan event in trading.
Sometimes, our trades end up in losses because an unexpected negative event happens after we enter the trade, resulting in losses.
For situations like these, some exchanges, like Bitget, offer the ability to cover your losses. For example, if you complete your first futures trade above 100 USDT and take a loss of 1 - 10 USDT, you will receive 100% cashback on the loss. But if you make a 4 USDT profit, your profit doubles to 8 USDT. You can learn more about this here: https://www.bitget.site/events/activities/ca1f167919135780bd714a1a695dc298?color=white&channelCode=India&vipCode=jjxj
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Topic
Board Trading Discussion
Topic OP
The Importance of Having a Trading Mentor
by
laubeaud
on 05/09/2024, 10:02:05 UTC
If you are new to trading, especially crypto trading, don’t go it alone. I learned this very late.

Having a mentor in trading is crucial because they provide guidance, share valuable experience, and help you avoid common mistakes. A mentor can accelerate your learning process, offer objective feedback, and help you navigate the emotional aspects of trading, ultimately increasing your chances of success.
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Topic
Board Altcoin Discussion
Re: Tron meme rejuvenation. Can sundog maintain the momentum?
by
laubeaud
on 26/08/2024, 17:05:20 UTC
Quote from: Iamcrypticguy on August 20, 2024, 03:50:34 PM
Tron's blockchain is booming with excitement as memes take the spotlight, led by Sundog , which has skyrocketed to over 200 million market cap since its debut on August 15. This sudden rise has drawn comparisons to Solana's Dogwifhat (WIF) and sparked a buying frenzy, including a notable $450,000 investment from a single whale. The hype has only intensified with Justin Sun's introduction of SunPump, a new token generator and "meme fair launch platform" that's adding fuel to the fire.

To support this growing meme coin ecosystem, Tron has rolled out its Meme Ecosystem Boost Incentive Program, dedicating $10 million to help new coins thrive, avoid rug pulls, and maintain liquidity. So far, over 11,000 tokens have been created on SunPump, and with a recent integration with DEX Screener, Tron is outpacing other chains in revenue, pulling in $1.06 million in just the past 24 hours.

Sundog's rapid listing across exchanges has also  showing serious momentum. While Tron might not dethrone Ethereum or Solana anytime soon, it's carving out a strong position in the meme coin world. The future of this trend will hinge on how the community embraces it, how users adopt these coins, and whether the SunPump platform continues to churn out successful launches. What do you think about this?

https://coinmarketcap.com/academy/article/trons-sundog-meme-coin-soars-amid-launch-of-justin-suns-sunpump


 I have been following all the updates on the TON ecosystem because I’m interested in SUNDOG, which I actively trade on Bitget, and it has performed very well recently. This is just the beginning of great things. In my opinion, the TRON ecosystem could surpass Solana. Justin Sun, the mastermind behind the ecosystem, is smart.
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Topic
Board Trading Discussion
Topic OP
How to Buy Bitcoin with Fiat Money: For Beginners
by
laubeaud
on 22/08/2024, 08:47:01 UTC
Cryptocurrencies have gained a lot of attention recently, and more people are flowing into crypto. If you’re new to crypto and want to buy Bitcoin with fiat, start by choosing your payment method (credit cards, bank transfers, or digital wallets like Google Pay, Apple Pay, or PayPal).

Next, select an exchange that supports your payment method. Set up your account, link your payment method, and deposit your fiat currency. Once the funds are in, navigate to the Bitcoin section, select the amount you want to buy, and complete the transaction. For added security, consider transferring your Bitcoin to a secure wallet.

If you know another way to buy Bitcoin with fiat, share it in the comment section.
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Topic
Board Trading Discussion
Topic OP
This bad habit will cost you a lot in trading
by
laubeaud
on 20/08/2024, 09:00:06 UTC
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.

Do you only trade according to the trend or you counter-trend trade from time to time?
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Topic
Board Altcoin Discussion
Re: Dogs listing announced..
by
laubeaud
on 18/08/2024, 16:25:28 UTC
Yes, I farmed the airdrop and have already deposited my DOGS on Bitget because of the zero trading fees for DOGS trading and the jackpot opportunity they launched for users who deposit.

I have followed this instructions to do the deposit easily: https://www.tiktok.com/@akinyemidayotafiq/video/7404443327669554437?_t=8oyRIOTp3Nm&_r=1

I expect the launch to be epic.
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Board Off-topic
Topic OP
The crypto space on Twitter is growing
by
laubeaud
on 07/08/2024, 13:06:40 UTC
Have you noticed this?

In today's digital age, social media plays a crucial role in connecting companies with their audience. The crypto space on Twitter is growing day by day. Many crypto enthusiasts and companies are using their social media presence to engage with users, share updates, and provide valuable insights into the crypto market. By leveraging the platform's reach, these companies can effectively disseminate news and engage with users.
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Topic
Board Trading Discussion
Topic OP
Having a journal of my trades has helped me become a profitable trader.
by
laubeaud
on 06/08/2024, 08:50:08 UTC
Keeping a trading journal is like having a personal diary for your trades. It’s super helpful because it lets you track what you did right and where you messed up. By writing down every trade, you get to see your patterns, learn from your mistakes, and figure out what strategies work best for you. It's a great way to stay disciplined because it holds you accountable for your decisions.

Plus, when you look back at your journal, you can spot trends and improve your game over time. Basically, a trading journal is your secret weapon to becoming a better and more profitable trader.

Do you keep a journal of your trades too, and has doing it helped you?
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Topic
Board Trading Discussion
Topic OP
The importance of a trading plan
by
laubeaud
on 02/08/2024, 08:40:41 UTC
A trading plan is crucial because it provides a structured approach to trading, helping you make informed decisions and avoid emotional reactions. My trading plan outlines my goals, risk tolerance, entry and exit criteria, and strategies. This helps me remain disciplined and focused.

By defining entry and exit criteria, a trading plan has helped me manage risk effectively and maintain consistency in my trading.

Additionally, it has allowed me to evaluate my performance, learn from mistakes, and adapt strategies as market conditions change.

Ultimately, a trading plan is essential for achieving long-term success in the financial markets.
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Topic
Board Pilipinas
Topic OP
Philippines on the Crypto Bandwagon
by
laubeaud
on 26/07/2024, 16:02:43 UTC
Cryptocurrency adoption is gaining momentum worldwide, with people everywhere jumping on the digital assets bandwagon for investing, trading, or just experimenting with the future of finance. From North America to Asia, countries are experiencing a surge in crypto-related activities, with both retail and institutional investors exploring this dynamic market. Among these countries, the Philippines stands out as a key player in the crypto revolution, where people are embracing crypto like never before. One thing that demonstrates this is that more and more Filipinos are downloading apps related to cryptocurrencies, especially crypto trading apps. Did you notice that too?
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Topic
Board Trading Discussion
Re: The OKX Situation Impact on Nigerian Users : What's the way forward?
by
laubeaud
on 23/07/2024, 05:15:16 UTC
Quote from: Bournesparks on July 20, 2024, 05:21:45 PM
Quote from: Webetcoins on July 20, 2024, 04:36:32 PM
Ouch, that was sad. Dropping the support for P2P is sad as well but can be considered, since they can still use the exchange and do other activities but now they can't do that anymore. I only know a couple of good alternatives to OKX. They can be Binance, Kucoin and Houbi, though I think Huobi is also OKX? As I heard one of the top exchange got rebranded.

If you ask if more exchanges are going to follow, to be honest we don't know this because we can't read someone else mind but we can only hope for the better of the future of Nigerians and the crypto. There are still plenty of exchanges out there and there will always be new ones that will come out, in case many will end up on the same situation.

It's sad that OKX left Nigeria though, but I think they can look out for alternatives. Those cex you mentioned don't support naira p2p though but Bitget does.
https://i.ibb.co/4PpY6bb/20240716-151959.jpg

You are right. Instead of complaining, we should look for another alternative. I have exited other exchanges and have been using Bitget for a long time. They even gave me rewards for depositing crypto through my credit card
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Topic
Board Marketplace (India)
Topic OP
Choose your crypto exchange wisely
by
laubeaud
on 19/07/2024, 15:50:44 UTC
Since my beginning in the crypto sphere, I have been instructed many times not to leave my funds on crypto exchanges because an exchange can have a security problem or get hacked at any time. I have witnessed many exchange hacks. For example, WazirX, a crypto exchange, was hacked recently. To avoid surprises, I choose my exchange wisely. When it comes to choosing an exchange, I focus on these criteria: a good security system, regulation, good user protection funds, and transparent proof of reserves. What is your criteria?
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Topic
Board Currency exchange
Topic OP
Choose your crypto exchange wisely
by
laubeaud
on 19/07/2024, 12:57:43 UTC
Since my beginning in the crypto sphere, I have been instructed many times not to leave my funds on crypto exchanges because an exchange can have a security problem or get hacked at any time. I have witnessed many exchange hacks. For example, WazirX, a crypto exchange, was hacked recently. To avoid surprises, I choose my exchange wisely. When it comes to choosing an exchange, I focus on these criteria: a good security system, regulation, good user protection funds, and transparent proof of reserves. What is your criteria?
Post
Topic
Board India
Re: WazirX has been hacked!
by
laubeaud
on 19/07/2024, 12:46:02 UTC
Quote from: pakhitheboss on July 18, 2024, 08:41:08 AM
Found it on X.com sharing it here for the community. It happened on the Ethereum network and a total of $234.9M has been moved to a new address. If anyone here has stored ETH on the WazirX wallet please go and check it. As of now, WazirX has not come out with any statement about the hack.

https://www.talkimg.com/images/2024/07/18/4GtX8.jpeg
https://x.com/Cointelegraph/status/1813837547887300828?t=XMlqE6Aw87eoIJ--I3xnxQ&s=19

It is now confirmed that the hack has occurred after WazirX issued a statement.
Quote

"We're aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident," the exchange confirmed in an X post. "To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused."

It is said that 45% of the exchange account holding has been hacked. I doubt they will be able to get those funds back.


I saw it on Twitter too. I am sorry for the affected users. WazirX has made a tweet about this. This is a security problem. There is one lesson to learn here: choose your trading exchange wisely. Check if they have a solid security system and a user protection fund.
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Topic
Board Trading Discussion
Topic OP
Trade multiple trading pairs or only a few trading pairs?
by
laubeaud
on 14/07/2024, 11:54:22 UTC
In the crypto market, there are many trading pairs. After trading only two pairs for a year, I discovered that it is good to focus on a few pairs. Why? It has allowed me to master those two pairs and understand how they really move. It has also taught me patience because when your favorite setup does not appear, you can avoid entering a trade. Remember, jack of all trades, master of none.

What is your opinion about this?
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Topic
Board Trading Discussion
Topic OP
The Importance of Income Diversification for Crypto Traders
by
laubeaud
on 09/07/2024, 13:44:44 UTC
Since the retracement of Bitcoin, the market has become boring. Sometimes, the direction of Bitcoin is unclear. For example, the price action of Bitcoin is actually confusing. I have learned one thing in these recent days: As a crypto trader, do not rely on trading as your only source of income. It is good to have another source of income like real estate, staking, crypto jobs, mining,  and other legitimate sources of income. If I say that I will force trade now, it can end up in a loss.


What is your take on this?
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Topic
Board Trading Discussion
Topic OP
What does patience mean in trading?
by
laubeaud
on 09/07/2024, 10:41:47 UTC
As a trader, we need patience while trading.

In trading, patience is required at four levels:

A) You need patience to learn how the market moves and how to trade it—"Learn" first before you "Earn."

B) You need to have patience and do a thorough analysis before taking a trade. Do not rush into trades.

C) You need to be patient and wait for your setup or the right opportunity. Be a sniper, not a machine gun, opening trades at each market movement.


D) You need to be patient and let your trade hit your target—do not forget to let your winning trades run and cut your losses immediately.


Do you have something to add?
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Topic
Board Trading Discussion
Topic OP
Accepting this reality of trading has helped me a lot.
by
laubeaud
on 05/07/2024, 17:10:07 UTC
After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?
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Topic
Board Trading Discussion
Topic OP
Why do traders lose money in trading?
by
laubeaud
on 23/06/2024, 11:58:23 UTC
From my experience, here are 4 reasons I discovered:

1/ Lack of Discipline— a) Not sticking to one strategy, b) not respecting your trading rules, c) not sticking to your plan.

2/ Lack of knowledge—Inadequate understanding of the market, trading strategy, financial instruments, and fundamentals can lead to poor decision-making.

3/ Not having a mechanical trading system—This leads to emotional trading. Decisions driven by emotions like fear and greed rather than rational analysis result in significant losses.

4/ Overtrading—Taking many trades will affect your decision-making ability and lead to poor decisions.

If there are other reasons why traders lose money, share them with me.
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Topic
Board Trading Discussion
Re: This psychology hack helped me become a profitable trader
by
laubeaud
on 23/06/2024, 09:29:02 UTC
Quote from: lalabotax on June 22, 2024, 08:50:06 PM
Having logical thoughts and expectations is a must. Because, however, there are still many people who, when they just found out about trading, already imagine earning a lot of money in a short time like other successful traders. And these passionate hopes make it very easy for them to want to jump straight into the world of trading, even future trading, without much consideration. Meanwhile, trading is difficult, yes, and also complex. It's not easy for someone who doesn't understand and just casually follows people to trade and think about it and can easily become successful like others. And in the end, you actually lose, because you don't understand anything.

So, it's illogical thoughts like this that we have to stop and control. This means that we must be able to control ourselves, have logical thinking, so that we will better understand what we have to do next. We must have a logical mindset that we will not be so easy to succeed in trading, of course someone becomes successful thanks to the efforts they go through. Become logical by understanding what steps must be taken to be successful in trading so that we will learn about many things first. So, having logical thinking will make us more logical in determining the attitude we will take in trading

More information:
https://titanfx.com/news/the-logic-behind-reevaluating-trading-failure
https://the5ers.com/trading-with-logic/

Thanks for sharing.