Introducing The Satoshi All Time History IndexStarting today you can chart, follow, and research the price of Satoshis going back to 2010. Our new index is called Satoshi All Time History Index.
Satoshis, or sats, are the smallest unit of bitcoin (BTC). 100,000,000 satoshis make up one Bitcoin.
Satoshis are particularly important to the Bitcoin community because transaction fees are often measured as satoshis per byte or satoshis/byte. This makes the unit important to chart, follow, and analyze in detail. In addition, some people see sats as a useful way of addressing unit bias – where people prefer whole units over a fraction of a unit.
To get started with our new index, type SATSUSD into the search box and select it from the list. You can also bookmark the SATSUSD symbol page or share the link where needed.
We hope everyone enjoys this new addition. Please leave any comments or questions below.
Thanks for reading!
Trading Tools
Using the Fibonacci Retracement ToolFirst, let’s start from what exactly the Fibonacci Sequence is: F(n+1)=Fn+ F(n-1). Now this may look scary to some of you, and you may be having flashbacks to high school math, but all this equation simply means is that the next number is the sum of the previous two numbers. So 0+1 = 1, 1+1=2, 2+1=3, 3+2=5, etc.
Here is a simple table for the first few numbers:
0-1-2-3-4-5-6-7
1-1-2-3-5-8-13-21
When we move along the Fibonacci sequence, the ratio of any number and the one preceding it is 1.618 (34/21, 144/89, 987/610, etc.). This is called the ‘Golden Ratio’ or ‘Phi’
Additionally, there are other important ratios related to the Golden Ratio. These are:
• .236 – Any number divided by the number three places ahead
• .382 – Any number divided by the number two places ahead
• .5 – Not really a Fibonacci ratio, but a useful one all the same
• .618 – Any number divided by the number one places ahead
• .786 – The square root of .618
These ratios are the ones used in a Fibonacci Retracement.
What time frame should I use?
As with everything in Crypto, it depends. If you are swing trading, buying and holding for 2-4 weeks, then I’d recommend you look at a period of 1-3 months. Of course, over this time period, your crypto should be trending up if you want to go long.
You can even use the Fib Retracement tool if you want to be a diamond handed HODLer. Using this tool to spot lows so that you can DCA into the crypto is a strategy that will get you better prices than just simply buying in weekly.
So how do we use it? Find the trend
First, we need a clearly defined uptrend. Doing this in a bull market is not terribly difficult. It is a bit harder in a bear market, but it can still be done. An uptrend is when we have a set period of time where we are making higher highs and higher lows. You can see this by placing trend lines on the chart.
Sometimes the candles will wick, or even close, outside the trend lines. This is not a big deal as the trend lines are there to establish the current momentum.
In general, it is better to trade WITH the momentum of the market instead of against it.
Higher highs and higher lows define the uptrend.
That’s great, but how does it make me gains?
The best thing that this tool does is give you a good entry point on a crypto that is trending up; an antidote to the poison of buying the peaks.
You will lose money if you do this. I repeat. Do not buy at the peak.
As we know, prices do not go up in a linear way. They go up and come back down, then back up, etc. Fib Retracements are the tool that helps find that new bottom.
Another way to phrase this is that the ratios that we discussed earlier can be used to find both support and resistance.
Drawing a Fibonacci Retracement is simple on a platform like Trading View. Just click the button that says ‘Fib Retracement’ and draw from the lowest low all the way to the highest high. Flip this if you are looking to short.
To make this chart look a lot nicer just click the gear that appears when the Fib Retracement is selected.
Then select ‘Extend Lines Right'
Viola!
As is shown on the chart the price of ETH bounced on the .618 and repeatedly on the .5 level. These would be excellent times to buy.
So, if you got your hopes up and jumped too in to early, you would have seen a fairly large pullback. Many people would sell at this point because they are scared that their crypto will crash. However, the Fib Extension shows the likely levels of support.
The savvy investor, you, will not even enter until this pull back has happened. It is impossible to exactly time the bottom. The Fib Extension can help use get closer with more accuracy.
Final thoughts
No single tool is going to lead you to the moon. It is important to know that having a successful investing strategy requires you to use this tool in conjunction with others. This is just one important piece of the overall puzzle.
If you found this useful, please like, comment, and follow! Thank you!
Always trade in the direction of the Momentum !Who goes long for a share when its bearish? Do you sell your shares if trend is bullish? how can one understand the status of a stock?
One of pillars of successful trading is to trade in the direction of the momentum. of course it is not guarantee your success in all trades but it is definitely a must thing to consider and is necessary for a good trade.
There are some indicators which show the momentum of the market among which " STOCHASTIC" and " STOCHASTIC RSI" can be mentioned.
Simply the momentum is bullish if fast line ( Blue in stochastic indicator) crosses slow line( Red in stochastic indicator) upward and Momentum is bearish if fast line crosses slow line downward.
It is OK to go long if Momentum is Bullish and is OK to go short if it is is bearish. 2 bullish reversals are shown in the chart which show a good point to buy shares . One Bearish reversal is also shown which indicates a good time to go short.
Bullish and bearish reversals in oversold and overbought zones are more powerful. when both fast and slow lines are in oversold zone ( below line 20) it tells us that down side should be very limited. if both lines are in overbought zone ( above line 80) we can expect a near bearish reversal.
Combination of this concept with Elliott wave patterns and Fibonacci levels can give you a powerful tool which is beyond the scope of this post . A simple and elementary example is shown in the TSLA chart which a bearish reversal coincides with 0.618 Fibo retracement and descending trend line.
My strong recommendation is just simply put away those ideas which encourage you to go long when momentum is bearish or (bullish but in overbought zone) and vice versa.
Good Luck in your trades
What is an Advanced Breakout and how to trade it?Hello Tradingview community! Today I want to share something which is pretty rare to see around, the Advanced Breakouts (AB)!
What is an AB? Is an event when the indicator may anticipate the price's movement. Some indicators like the RSI or the OBV are great for this, and in this analysis, I'll use the RSI as an example.
See the movement on the Nasdaq 100 today? While the price did a double bottom, the indicator didn't, and that's a divergence. But when we see the indicator doing higher highs / higher lows while the price isn't, this is an AB! Usually, this anticipates the next movement on the price, in the direction of the AB.
And we have different types of ABs. Some of them are weaker, some are stronger. Let's see more examples. Since the Nasdaq 100 is doing an AB, some of the faangs are doing this too, like FB:
Here is an example of a weak AB. We have almost no divergence, but the indicator is already doing a new high, while the price isn't. The divergence on AAPL is a little stronger:
The RSI did a twin mountains pattern, but it didn't work and now it is doing a new high. The price did no such thing, and has yet to break the previous high. But this AB is not as strong as the one seen on AMZN:
On AMZN's chart it has an inverted head and shoulders, while the RSI has a strong divergence, as it is doing higher highs and higher lows. Also, AMZN's RSI already broke its resistances, while the price is still falling. This is a strong divergence and an incredibly strong AB.
But since the indicator is anticipating the price's movement, some people will trade the indicator, without waiting for the confirmation on the price. This is a mistake, and it could affect the chances of success of your trade. Always wait for the confirmation on the price. For instance, wait for AMZN's inverted head and shoulders to be triggered before trading it, and use the AB as a confirmation of your initial thoughts.
This is it, community! This is the Advanced Breakout and how to trade it! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Heikin Ashi Charts vs. Candlestick ChartsFollowing price action is at the core of markets. One glance at a chart can show you a trend, trade idea, or serve as a quick way to check the holdings in your portfolio.
Candlestick charts are one of the most popular ways to look at price action. A single candlestick shows the high, low, open, and close for a specific time period. This means that a lot of price information is stored in a single candlestick. However, sometimes, that price information is filled with volatility or chaotic trading.
That's where Heikin Ashi charts are most useful - they smooth out the price by showing an average price range rather than the exact measurements. In fact, Heikin Ashi charts were developed in Japan and the word Heikin means “average” in Japanese. For those who invest over long-term horizons or look for sustainable trends, Heikin Ashi charts can be an effective way to smooth out price and show clearer trends.
The key to understanding Heikin-Ashi charts is to remember that each bar, whether it's red or green, shows an average price range for a specific time period whereas a candlestick chart shows the exact price levels for that time period.
The formula for a Heikin Ashi looks like this:
Open = (Previous bar open + previous bar close) / 2
Close = (Open + High + Low + Close) / 4
High = Highest point whether it's the open, high, low or close
Low = Lowest point whether it's the open, high, low or close
Make sure to test out these two different chart types and have some fun. There is no better way to learn than to compare and contrast the two types of charts as we are doing in this example. Remember, it is also about your personal preference. Do you want to see every granular detail in price action? Or do you want to see an average price of that trading action? This is entirely up to you and the tools are here for you to try.
NOTE
While Heikin Ashi and other non-standard charts can be useful to analyze markets, they should not be used to backtest strategies or issue trade orders, as their prices are synthetic and do not reflect bid/ask levels at exchanges or brokers. If you need more information to understand why that is, have a look at these publications:
• In the Help Center: Strategy produces unrealistic results on non-standard chart types (Heikin Ashi, Renko, etc.)
• From PineCoders: Backtesting on Non-Standard Charts: Caution!
Thanks for reading and please leave any comments or questions if you have them!
How To Add Emojis To Your ChartIf you publish a lot of research from your TradingView account, emojis will give readers another way to engage with your work. Emojis are recognized globally and can help others better understand how you're thinking or feeling. They can also be used as quick reminders or notes.
Here's how you can add emojis to your chart:
1. Copy and paste an emoji directly into the text box tool like this 👋. If you need help finding an emoji to copy and paste, there are several websites that make this easy to do. You can add emojis to any text box or drawing tool that supports text.
2. The second method is to use the Signpost tool. The Signpost tool is located in the Annotation Tools menu on the left-side of the chart. Select the Signpost, place it on the chart, and then open its settings to add an emoji. The Signpost tool can be used to leave detailed notes at specific price levels. It is easy to use, fully customizable, and it can be dragged to any point on your chart. We've included a few examples on the chart above where we've also customized the background color of each Signpost. 😎🐻 🥶🐂
Thanks for reading! Let us know if you have any questions or comments. Our team is always listening and waiting to help.
The Fibonnaci Retracement, A Traders Best FriendWe all know what the fibonnaci is. But how do implement it into trading and how does it work?
The tool i use the most is the fibonacci retracement. You drag it across the chart. Drag it on starts to ends of trends and you have a fibonacci retracement now.
How does it work?
Now that you have drawn your fibonacci you see these ,,zones". The most common number used in fibonacci tools are 0.618 or 1.618, also known as the golden ratio. The most common example of the fibonacci retracement you'll see are rejections from 618 zone to 382. The 764 zone is thought to be a strong rejection zone. The 1 and -0.618 are thought to be reversal zones. Between 0.5 and 0.618 is the ,,golden zone" for shorts or longs.
Now lets say we have a fibonnaci with the numbers 1, 0, 0.5, 0.618, 0.764 and -0.618 and i draw it on a up trend from start to finish. What is most likely going to happen is the price will go into our ,,golden zone" and retrace up. Take profit will be -0.618 or 0. And our stops will be just bellow 0.764. You can customize your fibonnaci to your likings and test to see what works and what doesn't. The zones i recomend most are those i mentoned earlier in the example.
Remember to draw the fibonnaci on trends, NOT consolidation.
If you liked this little guide leave a like and share it to a friend ;).
TradingView's Missing FeatureTradingView is an great platform. I am especially a fan of PineScript, the programming language that allows you to build custom indicators. But while TradingView's current features are great, I think this is something very important that is missing. Something that, were the developers of TradingView to implement it, would change it from a great platform to an EXCELLENT platform...
And that feature is allowing users to screen stocks based on their scripts !
Why is this needed? There are many reasons:
1. Multi-timeframe analysis - The current TradingView screener has useful parameters, like finding stocks that are above their 20-day SMAs, but what if your strategy involves the values of indicators on a lower timeframe? For instance, what if you wanted to find stocks that are displaying a Golden Cross/Death Cross on the 1-hour chart? You can't do that currently, but it is easy in PineScript to tell if a stock has a Golden Cross or Death Cross simply by using the close series, or the security function to get the close from any timeframe. So if TradingView could implement a way to screen based on PineScript, this would make improved multi-timeframe analysis possible.
2. Published scripts - Perhaps you have read through some TradingView ideas and found an indicator you really like and want to use it as part of your trading strategy. But as we all know, not every stock -- or even every watchlist -- always provides an actionable signal all the time. So wouldn't it be great to be able to screen for stocks that are providing signals, even when those signals are based on indicators not included in TradingView's default list?
3. Personal scripts - Maybe you have developed a custom indicator of your own, and would like to find stocks that satisfy certain parameters based on it. Currently, you can't do that in TradingView. The closest solution is to build a 40-ticker watchlist, and then use the security function in a custom script to iteratively check each ticker against your condition. This is a decent workaround, but it still limits you to 40 tickers out of the hundreds of stocks on the market. So that leaves two other solutions - buy an API and make your own version of PineScript (not an easy, quick, convenient or affordable route, and one that requires a lot of programming skills) or... hope TradingView allows a new "screener" category for PineScript!
4. Greater flexibility - I have hinted at this in my other categories, but overall, screening based on PineScript would give the user far greater flexibility in his/her trading strategy. Maybe your strategy is complex, like "if condition A is met OR (condition B is met and condition C is met), go long," in which case, the existing TradingView screener would still require a lot of time-consuming and manual analysis to see if this either-or statement holds. But this is a few lines of code in PineScript!
Users:
So what do you think? Do you want to see the ability to include PineScript in TradingView screens? What sort of other powerful applications and strategies might you be able to implement if this feature were implemented? Let me know in the comments below and please give this post a "Like" if you want to encourage TradingView to implement PineScript-based screening!
Moderators:
If you could please pass this along to the developer team, it would be greatly appreciated! Thank you to the TradingView team for developing a great trading platform, and I look forward to continued development and additions!
Where to start as a beginner trader?Millions of new traders come to trade the markets every day, but most get out with a smaller capital and more knowledge. Trading is a game of odds. nothing is 100%. So how do we turn the odds into our favor? There are two ways to become a profitable trader but they all come down to knowledge.
This one i recomend. Since you are going to take loses anyway, pay for a course, book or mentor. You will not make it in this business without spending a cent (or losing it in a trade). You can even atend trading classes. Just make sure to backround check whichever method you chose.
This way is harder and takes more time. it is learning the hard way. You trade without any knowledge and learn as you go. Of course, do this on a demo account.
You will probably commit trades on a demo account (which is fine) but just remember you bought yourself knowledge but not a mindset.
So now, you know the basics of trading and its concepts. What is left to do is work the numbers. Make a trading plan. Find a strategy that works with the right risk managment and you are on your way to become a profitable trader.
If you have problems with closing trades early or something similar, check out my other educational post.
As always, good luck traders.
Pending Entry Sell Limit Order (4/4)A pending sell limit is an order placed above price and expecting price then to go down. If you think that price action will continue downwards, but first retrace upwards then use a pending sell limit order.
Two risks: Price action not reversing high enough to hit your entry price before going down and second possibility is price action continues upwards hitting your stop loss before going downwards.
On noted EurUsd daily chart, trade setup gave a 1:3 risk reward. 50 pip stop loss and 150 pip target or profit.
On larger couple or few day trades on higher daily time frames, using lower lot sizes might be part of your risk management and plan.
Pending Entry Buy Limit Order (3/4)If you want to buy a pair at a lower price and think price action will go lower before price action goes higher in your trade direction, then use a pending buy limit order which is placed below current price and if your entry price is hit on its retracement, then buy limit order is activated. You are in trade.
Two risks are price retracement does not hit your entry price and take off in a bullish or upper wards direction without your trade and/or price retraces thru your entry prices and keeps going lower and hits your stop loss.
To avoid some of these use major support or resistance areas, previous price action left on chart and fib ret tool, which a lot of price reversals hit the 50% to 61.8% then reverse up in bullish trend or major trend direction. On EurUsd daily chart, noted 1:4 risk reward trade with a 40 pip stop/160 pip target.
Use the right risk management for your account size and trade according to your plan. Good luck.
Pending Entry Sell Stop Order (2/4)In this situation you would set a pending enter sell stop order below current price action, excepting price action to hit price and keep on going downwards to your target or take profit. Always, trade according to your plan and risk management, especially with larger stop losses and targets.
The noted EurUsd daily chart was a set up of 1: 2.5 risk reward with 40 pip stop loss and 100 pip target.
Pending Entry Buy Stop Order (1/4)Pending buy stop orders are placed above current market price action, and you expect price to keep on going up. These can be on any time frames, but daily is great if you are too busy to monitor your trades on a short basis.
As noted on daily EurUsd chart, on Monday (pink line) a pending buy stop was placed above current price action, once price action later on Monday was hit then trade was activated with a 40 pip stop loss (margin, leverage, lot size etc... your risk management will decide this) and a take profit or target or 1.19000 or 120 pips up, by looking to your left on chart. This would have been a 1:3 risk reward setup, for this set it and forget it trade.
MID-DAY Video {DUOtrend Bubbles} How to use it Please refer to the two previous videos to fully understand this strategy and also understand how I see these tools and use them.
Furthermore, please refer to previous morning videos to be able to trade effectively as I do.
Finally I would like to thank you all, have a wonderful day!
Day trade reversal setup using Hull MA - over shoot!Hello, Traders around the globe,
Here is a reversal pattern of the Hull Moving Average.
Stage #1: You want to see an acceleration of momentum = the blue crosses have spaces inside them.
This stage is important because if you are doing day trade, you want to be sure that you are in a volatile environment.
You don't want to be where the market is choppy with zero range! .
This stage gives you the "flag" that the stock has a potential day trade opportunity.
The probability of you guessing the exact day that the stock will explode is low, that is why you wait for it to explode and trade the intraday reversal...
Stage #1 EXTRA: Now you know how to detect momentum opportunities, and can go into a lower timeframe and trade the continuation of the acceleration of momentum move... but this is for another post.
Stage #2: You want to see the Hull ma go above the price action = the OVERSHOOT!
Once you see that the Hull is crossing the price that means that momentum is running low ---> reversal is coming... (stage #1 made sure we are volatile, now we want to be sure we are overextended and momentum dries out!)
When the HULL moves above the highest high of the move, OVERSHOOT PHENOMENA, it means that the price got really overextended.
The HULL MA is trying to decrease lag, so it "anticipates" the direction, it gives chance for the price to correct to the right direction. If a strong move happens, the HULL expects it to continue, so it will rise above the high of the price movement, "hopeful" that the price movement will continue in its same momentum and force. since it doesn't... overshoot happens, and a reversal is likely to follow through.
Stage #3: You want the slope of the Hull ma to change direction, then you look for your personal reversal setup.
Overextended can become even more overextended, so it is better to be a little late, and be right, than trying many times to catch the TOP and be discouraged, which will make you miss the move!
Ideally, you want the HULL to be SYNCED :) If the HULL is SYNCED that means that it gives the best representation of the price action.
It is hard to sync the moving average every time, the market is changing...
It is easier to be able to recognize when it is synced and when it is not ===> That way, you know when you have better odds of it being accurate.
Trading worckstationBeginners often ask me what the optimal trading PC looks like, what to look out for and whether there are special requirements. In pictures you can often see these trading workstations with countless monitors, etc. But the truth and the conclusion right away:
You don't need special equipment or a special computer to trade successfully. If you are able to read this article online, you probably already meet the minimum requirements for a trading PC.
Successful trading depends on factors such as trading psychology or the right strategy! Not from the equipment. I can also buy marathon shoes now and still wouldn't be able to endure 2 kilometers running.
I even advise you, as a beginner, in most cases not to buy a special trading computer. For the following reasons:
You don't need these countless monitors, which you usually see on any pictures, because you concentrate on one or a maximum of two markets. Everything else just distracts you, stresses you out and makes for one of the most expensive mistakes in trading: trading too much!
Quite pragmatic: money is better off on the stock exchange. The monitor and your trading PC will only be worth half in a year. If you are clever with the money, it will be worth at least twice as much.
So the following tips are all optional and come from my personal experience. For beginners, it is better to invest the money in knowledge.
I value the following factors:
reliability
Fast start / operation thanks to an SSD hard drive and a good processor
as low a volume as possible
Operation of several monitors possible
Solutions with multiple monitors are particularly interesting for traders. I currently use 3 monitors (but 2 are usually absolutely sufficient)
When choosing a trading PC, I don't pay so much attention to the price, but rather to purchasing reliable devices from large, well-known brand manufacturers. They offer long-term support, good expandability and high quality and reliability.
Since trading is about money, that's more important to me than saving a few euros on a one-off basis.
Since I usually sit in front of the computer for 12-16 hours, an ergonomic workplace is also very important to me.
What is important to you, what kind of equipment do you trade with, you are cordially invited to leave a comment
Make sure to focus on improving in every aspectNote I am using GBPJPY, a favorite of high leverage day gamblers as it has the biggest range of the 30 leverage pairs.
I am not "spreading FUD", if day gamblers want to lose their money I do not care. Actually I like it.
Finding success is satisfying but additionally watching others fail has an added sweetness that is irresistible.
This is simply a reminder to be logical, and since we try to always better ourselves we have to make sure to better ourselves on all aspects.
It sounds simple like this but I assure you it is simple when you are told it, like hindsight.
People think they are supermen that think of everything, never miss anything, and are going to buy at bottoms and sell at tops.
Well to people that think that: good for you. I am no superman. And believe me I'm not being humble I hold myself to high standards and have a big pride.
Warren Buffett is no superman either. Neither is George Soros. Nor Jim Simons, he made real money decades after buying his first future contract and needed to hire someone to help him out with stocks which he did not know that well.
You may ask "But MrRenev how do I improve on myself and my trading? I do not even know where to start, I do not even know what to improve in".
Well you force yourself to have a rational organised mind, write it down; and you take your chart screen, sit in front of it, and stay there for the next 50 years.
==> Read, read, read. Watch videos, read articles like this one or (I'm not sure if I can mention potential competitors), go on forums, read books if you want.
I would call this part the "fun" part, or the leisure part. Watch videos you find interesting, even read memeposts on the internet, as long as you can tell what is bs what is not, even absolute trash will teach you how others think or will make you think or will show you others mistakes.
==> The second part, the laborious one (it's okay when you get into it you won't see the hours). You open excel, you open tradingview, you get a tool to save screenshots automatically, you open the calculator, you open a CME window, you open notepad/sublimetext. And you grind. You take in vast amounts of data, process it, look at the stats, and you learn. You ask questions such as "what are other participants doing? What are their holding periods" and so on.
So here is the secret holy grail:
R.D. Wyckoff started as a stock runner for a New York brokerage at 15 years old. He started speculating at least 10 years later, after having learned much from the charts and his clients mistakes.
W.D. Gann is the son of a cotton farmer and started hearing and learning about markets at a young age. He then went to a business school (useless) and worked for a broker, like Wyckoff he learned from his clients mistakes and then started proprietary trading.
George Soros started in 1954 as a clerk, then arbitrage trader, in 1959 he was an analyst for euro stocks, until 1963 when he became a VP.
He started a fund in 1966 with his employer money (correct me if I am wrong) to try out his trading strategies - developed during his 12 years in the business.
Don't just "try to make money", improve on everything and it will come with time. Remember, the most toxic tryhards are the best players in sports and video games. Same thing here.
If your goal is not to be "the best I can" and just "make money", McDonald's has job offers available, good luck as a burger flipper, and I'm not sure I'd want to eat those.
Taking profit from NFT? 🕵️Digital art is experiencing a renaissance. Therefore, in this idea, I have provided all the information needed to start making and selling our art in the form of NFT (non-fungible tokens) on blockchain.
-- What is NFT? --
NFT is for Non-Fungible Token, something like Certificate of Authenticity. In real life, classic artwork and valuable, historical artifacts are often sold at auction with receipts indicating the object's authenticity.
NFT does the same thing for digital items. They certify uniqueness in GIF, JPEG, MP3 and any other format. This technology creates a new kind of ownership for digital files that wasn't previously possible. NFTs can be bought, acquired, or sold, and even destroyed as physical objects.
The process of converting your work to NFT is called " Minting ", which refers to the process of creating a new blockchain coin and will forever be attached to that content, such as your image file. Artists multiply the internal NFT by adding an internal commission to the token (usually 10 to 30%). Whenever their work is resold, they are entitled to this commission.
-- Is it possible for my work to be converted into NFT? --
Perhaps, we live in the Wild West of the NFTs and anything is possible. Digital arts, songs, memes, recipes and even startups are now on the list of NFT stores. Currently, there are very few restrictive rules on what can be converted to NFT.
-- What does it take to start building NFT? --
You do not need to know enough about cryptocurrencies to build NFT, you only need some tools, such as Crypto Wallet and some Ethereum .
-- How to connect wallet to NFT market? --
Once you have your wallet ready and you have bought some Ethereum, it is time to choose the store where you want to build and sell NFT. Recommended for beginners working on the Rarible website ; Because it offers the easiest way. To connect the wallet to the rebel, first go to this website and click Connect from the right corner of the page.
On the next screen, select WalletConnect if you use Rainbow or Metamorphosis, and click WalletLink if you are using Coinbase. Many other wallets use this option and it is worth checking out these options to choose the preferred wallet.
It does not matter what wallet you use; Because the next step is the same. After selecting the connection option, a QR code is displayed on the screen. Scan this code using your Wallet app. After scanning, confirm the wallet connection to Rarible. Because this connection is secure, Rarible forces you to confirm your purchases after each transaction. Once your wallet is connected, your Rarible account will be created immediately. Now you have all the tools you need to build, mint and sell your first NFT.
-- Where to sell my NFT? --
The more news there are about NFT, the more stores will be created. Here's a list of huge digital stores for NFT:
Zora:
Zora is a store built on the idea that content creators should take control of their work from the main platforms. Zora allows creators to mint images, videos, audio files and even plain text documents. Currently, this store allows pre-invited creators to operate.
Rarible:
Rarible is one of the most popular websites for creators and collectors who want to enter the NFT world. Uploading content and building NFT on this website is as easy as posting a video on YouTube. In a market full of websites that can only be operated by pre-invitation, Rarible is one of the NFT destinations that allows new developers to sell their work from the moment of registration. However, due to this freedom of action, it is necessary to change the copyright and content control laws on this website.
SuperRare:
SuperRare is an NFT store for digital artists. You will not find memes or text posts or simple sound effects for sale here. The Super Rear series is very organized, new works are placed on this platform at a slower speed. Searching in SuperRear is like stepping into a specialized digital gallery. NFT works on this website are a reflection of thousands of hours of artist effort, with prices sometimes rising sharply and new builders being accepted only upon request.
Nifty Gateway:
Nifty Gateway is an NFT store that focuses exclusively on collectibles. Nifty works with prominent artists and musicians such as Grimes and Justin Roiland to release limited edition collections of NFTs. Nifty Gateway is one of the main NFT websites that separates itself from other digital retailers on the list by accepting credit cards. Like SuperRre, art works are often very expensive, and new artists must apply to this website before they can post their work.
OpenSea:
OpenSea is one of the first NFT stores and a huge library of content at various prices, including digital art and 3D collections and in-game video items. This website is one of the most accessible websites for NFT novices and offers a great experience in searching for pieces of art.
-- How to create NFT? --
There is no specific technique for making pieces of art that can be converted to NFT. If the store supports the file format you created, then you can convert it to NFT. This creates a new world for content that can be turned into money. Any image and file in TXT, JPG, PNG, MP3 or GIF formats can be converted to NFT on Zora or Rebell. Have you made a great meme or written a recipe for a delicious meal in TXT format? Well, it can be converted to NFT.
If this idea, helped you to get to know about NFT more, don't forget to hit the like button and leave comment. That will be a great motivation for me folks..
How To Use Our New Timeline FeatureWe created Timelines to help people learn more about the companies and symbols they follow. Timelines are comprehensive guides that reveal the history, key events, and defining moments of a specific symbol. As a trader or investor, Timelines can be used to study the historical events of markets and the story that makes a symbol what it is today.
In this video we show you how to use Timelines and where they can be found. If you need help finding a Timeline, check out the examples we linked below:
1. Tesla Timeline
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Building a good system and writing down a cheat sheetThis is an idea about having a good thought process. The image of a sniper is often used.
In the cover of the idea (screenshot at the end in case it does not display correctly) I put a few examples.
I have not seen this on the internet and being shown by course providers, and how could they know, the internet is full of get rich quick with 5 minutes a day feel good messages and they do not trade themselves.
Build a system that eliminates the potential for mistakes or randomness then rinse and repeat perfectly.
Writing this down is especially useful when juggling with various strategies which we often end up with when we spent a fair amount of time playing.
Here is an example of a breakout trade:
And this becomes:
Screenshot of the diagram:
Winrates required to breakeven relative to stop & target sizesTaking AUDUSD as an example here, the spread is not the smallest relative to ATR nor the largest.
The formula to get a breakeven winrate is 1/(1+reward/risk).
Because we want winrate*reward = loserate*risk <=> winrate*reward = (1-winrate)*risk <=> winrate*reward + winrate*risk = risk (never 0) <=> winrate = 1/(1+reward/risk)
For example with a 20 pip stop, base risk to reward of 1 to 5, and 2 point spread, reward or winners = 98 pips, risk or losers = 22 pips.
So the reward/risk = 98/22 = 4.4545454545... So the breakeven winrate will be 1/5.4545454545 = 18.33%
That is just the breakeven winrate.
Profitability will of course depend on:
- Frequency: How many trades you are able to take
- Winrate: How much higher than the breakeven winrate it is
- Position size: Profitability does not go up the higher it goes
If a strategy or trader only gets a couple of trades a year and his winrate is barely above breakeven, he will not be very profitable, and it will be very easy to lose all profits.
And as the stops & targets in pips go down, the hit rates needed to actually make money go up exponentially up to a point where the trader needs to own a crystal ball and be able to predict the future.
Take costs into consideration with any strategy and before placing any trade.
And 1 other thing to keep in mind is spreads can also fluctuate, depending on the broker, at certain hours they can go up 3 fold, sometimes more, it can really hurt.
A cool thing you may notice is with a stop of 20 pips, the spread/stop = 10% and also the winrate to breakeven is increased by 10% for both risk to rewards.
Same thing with the 5 pips stop. And so on. The required winrate to breakeven increases by 100*(spread/stop)%.
Easy to quickly calculate when you are considering trades.
Your Forex trading has to revolve around the daily chartFirst of all you are going to quit your 5 minutes charts. What is this? Day trading?
If you are a day gambler I have a few words for you. It is the most obviously stupidest scheme I have ever seen.
Not only retail day trades this is true, there are some institutions that day trade Forex too. The pros. The big boys.
Not a single one of the "pros" makes money day trading (playing directional). Academics literally took the entire trading data from banks and found 0 profitability.
That's for the results. Now what is the purpose of it? Hedging market risk in the next hour? Who hedges intraday? Banks? China? The Saudi wealth fund? Amazon? What do day gamblers think the purpose is? The market was created as a casino for the forex lifestyle?
According to the BIS triennial survey approximately 30% of the FX volume is in spot, 50% in swaps, 15% in outright forwards.
The smallest swap maturity is for the next day (overnight), the smallest forward maturity is 2 business days.
In the Forex market, THE CONCEPT OF "INTRADAY" ITSELF DOES NOT EVEN EXIST.
The only type of forex intraday contracts were binary options, some obvious scam created by brokers targeted at retail "investors" to fleece idiots of their money, the scam was so blatantly obvious the regulators all agreed to totally ban it.
www.bis.org
If you have been day gambling for over a year you have lost money to your broker and odds are you lost money to one or two laughable "forex day trading education" courses, possibly from a "legit from the industry" and "actual institutional trader" that never made money once in his life and whose job was to execute clients orders.
So if you want to argue come with a live account track record, show me your years of consistent profit and then defend this scam.
Daily chart. If you want to check the monthly or weekly you don't need to look at those every day, and nothing is happening there, unless you are looking at some emerging country or something.
And none of that 600 minutes, 12 hours, and other nonsense. No one cares what happened inside of that daily candle; it might as well not exist at all.
We live on planet earth, we have a daily cycle, we all sleep every 24 hours, for the most part. So daily chart.
And businesses, countries, banks do not take "daily" decisions, it's month to month, quarter to quarter.
Only the daily chart makes sense. Or are you going to explain to me that there is a fractal FED interest rate decision, a secret mini rate hike that you only hear from if you look at the 5 minutes chart?