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Former investment bank FX trader: Risk management part II

Former investment bank FX trader: Risk management part II
Firstly, thanks for the overwhelming comments and feedback. Genuinely really appreciated. I am pleased 500+ of you find it useful.
If you didn't read the first post you can do so here: risk management part I. You'll need to do so in order to make sense of the topic.
As ever please comment/reply below with questions or feedback and I'll do my best to get back to you.
Part II
  • Letting stops breathe
  • When to change a stop
  • Entering and exiting winning positions
  • Risk:reward ratios
  • Risk-adjusted returns

Letting stops breathe

We talked earlier about giving a position enough room to breathe so it is not stopped out in day-to-day noise.
Let’s consider the chart below and imagine you had a trailing stop. It would be super painful to miss out on the wider move just because you left a stop that was too tight.

Imagine being long and stopped out on a meaningless retracement ... ouch!
One simple technique is simply to look at your chosen chart - let’s say daily bars. And then look at previous trends and use the measuring tool. Those generally look something like this and then you just click and drag to measure.
For example if we wanted to bet on a downtrend on the chart above we might look at the biggest retracement on the previous uptrend. That max drawdown was about 100 pips or just under 1%. So you’d want your stop to be able to withstand at least that.
If market conditions have changed - for example if CVIX has risen - and daily ranges are now higher you should incorporate that. If you know a big event is coming up you might think about that, too. The human brain is a remarkable tool and the power of the eye-ball method is not to be dismissed. This is how most discretionary traders do it.
There are also more analytical approaches.
Some look at the Average True Range (ATR). This attempts to capture the volatility of a pair, typically averaged over a number of sessions. It looks at three separate measures and takes the largest reading. Think of this as a moving average of how much a pair moves.
For example, below shows the daily move in EURUSD was around 60 pips before spiking to 140 pips in March. Conditions were clearly far more volatile in March. Accordingly, you would need to leave your stop further away in March and take a correspondingly smaller position size.

ATR is available on pretty much all charting systems
Professional traders tend to use standard deviation as a measure of volatility instead of ATR. There are advantages and disadvantages to both. Averages are useful but can be misleading when regimes switch (see above chart).
Once you have chosen a measure of volatility, stop distance can then be back-tested and optimised. For example does 2x ATR work best or 5x ATR for a given style and time horizon?
Discretionary traders may still eye-ball the ATR or standard deviation to get a feeling for how it has changed over time and what ‘normal’ feels like for a chosen study period - daily, weekly, monthly etc.

Reasons to change a stop

As a general rule you should be disciplined and not change your stops. Remember - losers average losers. This is really hard at first and we’re going to look at that in more detail later.
There are some good reasons to modify stops but they are rare.
One reason is if another risk management process demands you stop trading and close positions. We’ll look at this later. In that case just close out your positions at market and take the loss/gains as they are.
Another is event risk. If you have some big upcoming data like Non Farm Payrolls that you know can move the market +/- 150 pips and you have no edge going into the release then many traders will take off or scale down their positions. They’ll go back into the positions when the data is out and the market has quietened down after fifteen minutes or so. This is a matter of some debate - many traders consider it a coin toss and argue you win some and lose some and it all averages out.
Trailing stops can also be used to ‘lock in’ profits. We looked at those before. As the trade moves in your favour (say up if you are long) the stop loss ratchets with it. This means you may well end up ‘stopping out’ at a profit - as per the below example.

The mighty trailing stop loss order
It is perfectly reasonable to have your stop loss move in the direction of PNL. This is not exposing you to more risk than you originally were comfortable with. It is taking less and less risk as the trade moves in your favour. Trend-followers in particular love trailing stops.
One final question traders ask is what they should do if they get stopped out but still like the trade. Should they try the same trade again a day later for the same reasons? Nope. Look for a different trade rather than getting emotionally wed to the original idea.
Let’s say a particular stock looked cheap based on valuation metrics yesterday, you bought, it went down and you got stopped out. Well, it is going to look even better on those same metrics today. Maybe the market just doesn’t respect value at the moment and is driven by momentum. Wait it out.
Otherwise, why even have a stop in the first place?

Entering and exiting winning positions

Take profits are the opposite of stop losses. They are also resting orders, left with the broker, to automatically close your position if it reaches a certain price.
Imagine I’m long EURUSD at 1.1250. If it hits a previous high of 1.1400 (150 pips higher) I will leave a sell order to take profit and close the position.
The rookie mistake on take profits is to take profit too early. One should start from the assumption that you will win on no more than half of your trades. Therefore you will need to ensure that you win more on the ones that work than you lose on those that don’t.

Sad to say but incredibly common: retail traders often take profits way too early
This is going to be the exact opposite of what your emotions want you to do. We are going to look at that in the Psychology of Trading chapter.
Remember: let winners run. Just like stops you need to know in advance the level where you will close out at a profit. Then let the trade happen. Don’t override yourself and let emotions force you to take a small profit. A classic mistake to avoid.
The trader puts on a trade and it almost stops out before rebounding. As soon as it is slightly in the money they spook and cut out, instead of letting it run to their original take profit. Do not do this.

Entering positions with limit orders

That covers exiting a position but how about getting into one?
Take profits can also be left speculatively to enter a position. Sometimes referred to as “bids” (buy orders) or “offers” (sell orders). Imagine the price is 1.1250 and the recent low is 1.1205.
You might wish to leave a bid around 1.2010 to enter a long position, if the market reaches that price. This way you don’t need to sit at the computer and wait.
Again, typically traders will use tech analysis to identify attractive levels. Again - other traders will cluster with your orders. Just like the stop loss we need to bake that in.
So this time if we know everyone is going to buy around the recent low of 1.1205 we might leave the take profit bit a little bit above there at 1.1210 to ensure it gets done. Sure it costs 5 more pips but how mad would you be if the low was 1.1207 and then it rallied a hundred points and you didn’t have the trade on?!
There are two more methods that traders often use for entering a position.
Scaling in is one such technique. Let’s imagine that you think we are in a long-term bulltrend for AUDUSD but experiencing a brief retracement. You want to take a total position of 500,000 AUD and don’t have a strong view on the current price action.
You might therefore leave a series of five bids of 100,000. As the price moves lower each one gets hit. The nice thing about scaling in is it reduces pressure on you to pick the perfect level. Of course the risk is that not all your orders get hit before the price moves higher and you have to trade at-market.
Pyramiding is the second technique. Pyramiding is for take profits what a trailing stop loss is to regular stops. It is especially common for momentum traders.

Pyramiding into a position means buying more as it goes in your favour
Again let’s imagine we’re bullish AUDUSD and want to take a position of 500,000 AUD.
Here we add 100,000 when our first signal is reached. Then we add subsequent clips of 100,000 when the trade moves in our favour. We are waiting for confirmation that the move is correct.
Obviously this is quite nice as we humans love trading when it goes in our direction. However, the drawback is obvious: we haven’t had the full amount of risk on from the start of the trend.
You can see the attractions and drawbacks of both approaches. It is best to experiment and choose techniques that work for your own personal psychology as these will be the easiest for you to stick with and build a disciplined process around.

Risk:reward and win ratios

Be extremely skeptical of people who claim to win on 80% of trades. Most traders will win on roughly 50% of trades and lose on 50% of trades. This is why risk management is so important!
Once you start keeping a trading journal you’ll be able to see how the win/loss ratio looks for you. Until then, assume you’re typical and that every other trade will lose money.
If that is the case then you need to be sure you make more on the wins than you lose on the losses. You can see the effect of this below.

A combination of win % and risk:reward ratio determine if you are profitable
A typical rule of thumb is that a ratio of 1:3 works well for most traders.
That is, if you are prepared to risk 100 pips on your stop you should be setting a take profit at a level that would return you 300 pips.
One needn’t be religious about these numbers - 11 pips and 28 pips would be perfectly fine - but they are a guideline.
Again - you should still use technical analysis to find meaningful chart levels for both the stop and take profit. Don’t just blindly take your stop distance and do 3x the pips on the other side as your take profit. Use the ratio to set approximate targets and then look for a relevant resistance or support level in that kind of region.

Risk-adjusted returns

Not all returns are equal. Suppose you are examining the track record of two traders. Now, both have produced a return of 14% over the year. Not bad!
The first trader, however, made hundreds of small bets throughout the year and his cumulative PNL looked like the left image below.
The second trader made just one bet — he sold CADJPY at the start of the year — and his PNL looked like the right image below with lots of large drawdowns and volatility.
Would you rather have the first trading record or the second?
If you were investing money and betting on who would do well next year which would you choose? Of course all sensible people would choose the first trader. Yet if you look only at returns one cannot distinguish between the two. Both are up 14% at that point in time. This is where the Sharpe ratio helps .
A high Sharpe ratio indicates that a portfolio has better risk-adjusted performance. One cannot sensibly compare returns without considering the risk taken to earn that return.
If I can earn 80% of the return of another investor at only 50% of the risk then a rational investor should simply leverage me at 2x and enjoy 160% of the return at the same level of risk.
This is very important in the context of Execution Advisor algorithms (EAs) that are popular in the retail community. You must evaluate historic performance by its risk-adjusted return — not just the nominal return. Incidentally look at the Sharpe ratio of ones that have been live for a year or more ...
Otherwise an EA developer could produce two EAs: the first simply buys at 1000:1 leverage on January 1st ; and the second sells in the same manner. At the end of the year, one of them will be discarded and the other will look incredible. Its risk-adjusted return, however, would be abysmal and the odds of repeated success are similarly poor.

Sharpe ratio

The Sharpe ratio works like this:
  • It takes the average returns of your strategy;
  • It deducts from these the risk-free rate of return i.e. the rate anyone could have got by investing in US government bonds with very little risk;
  • It then divides this total return by its own volatility - the more smooth the return the higher and better the Sharpe, the more volatile the lower and worse the Sharpe.
For example, say the return last year was 15% with a volatility of 10% and US bonds are trading at 2%. That gives (15-2)/10 or a Sharpe ratio of 1.3. As a rule of thumb a Sharpe ratio of above 0.5 would be considered decent for a discretionary retail trader. Above 1 is excellent.
You don’t really need to know how to calculate Sharpe ratios. Good trading software will do this for you. It will either be available in the system by default or you can add a plug-in.

VAR

VAR is another useful measure to help with drawdowns. It stands for Value at Risk. Normally people will use 99% VAR (conservative) or 95% VAR (aggressive). Let’s say you’re long EURUSD and using 95% VAR. The system will look at the historic movement of EURUSD. It might spit out a number of -1.2%.

A 5% VAR of -1.2% tells you you should expect to lose 1.2% on 5% of days, whilst 95% of days should be better than that
This means it is expected that on 5 days out of 100 (hence the 95%) the portfolio will lose 1.2% or more. This can help you manage your capital by taking appropriately sized positions. Typically you would look at VAR across your portfolio of trades rather than trade by trade.
Sharpe ratios and VAR don’t give you the whole picture, though. Legendary fund manager, Howard Marks of Oaktree, notes that, while tools like VAR and Sharpe ratios are helpful and absolutely necessary, the best investors will also overlay their own judgment.
Investors can calculate risk metrics like VaR and Sharpe ratios (we use them at Oaktree; they’re the best tools we have), but they shouldn’t put too much faith in them. The bottom line for me is that risk management should be the responsibility of every participant in the investment process, applying experience, judgment and knowledge of the underlying investments.Howard Marks of Oaktree Capital
What he’s saying is don’t misplace your common sense. Do use these tools as they are helpful. However, you cannot fully rely on them. Both assume a normal distribution of returns. Whereas in real life you get “black swans” - events that should supposedly happen only once every thousand years but which actually seem to happen fairly often.
These outlier events are often referred to as “tail risk”. Don’t make the mistake of saying “well, the model said…” - overlay what the model is telling you with your own common sense and good judgment.

Coming up in part III

Available here
Squeezes and other risks
Market positioning
Bet correlation
Crap trades, timeouts and monthly limits

***
Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.
submitted by getmrmarket to Forex [link] [comments]

I'm 19 got accepted to one of the best colleges in Sweden but don't believe in the ordinary 9-5 life. Should I drop everything and chase my own career? Help

This story will be quite long but anyways a little back story about me. From the age of 16-19 I went on one of the hardest "high school programmes" and graduated with a scholarship for great achievement. For those of you who don't know our school system is divided by elementary school from the age of 7-16 and High School 16-19 and then lastly college.
I've always wanted to break free from the 9-5 system and had a hard drive. I don't want to work an ordinary job to afford going on trips then and then so I've always had a hard drive to hustle. During my second high school year I met my best friend and we started going into E-com business which is essentially online stores. We did not get a lot of sales but we got a wide network. During my third year me and my best friend really exceeded and once sold for 1.8k dollars in one day. But when we we're supposed to do our biggest projects ever corona came and shut a lot of business down.
This summer after high school me and my friend went our seperate ways. He started to work and doing side hustles like Forex trading (trading currencies) and he's doing really well now. And it gives me a lot of anxiety because he's succeeding while I'm not. I actually got into forex myself and it went decently but when the summer ended I started college. And I feels like I don't have time for anything other than school. Some school days start at 8.am, ends 5.pm and then another 3-4 hours of studying because it's needed which leaves my school day ending at 9.pm.
Since I've started college I've not been happy and It feels like I can't juggle between my side hustles and school. I know that everything is possible but it seems like time is not enough and I don't wanna drop out because it's hard to convince your family to support you chasing a "lost dream". They don't believe in anything than the "work" life. It feels like I owe them to go to college since it's almost a standard in Sweden. I'm ready to drop it all and start my "own" life but are unsure.
I love travelling but haven't been able to do that for a couple years since I've been so buried in school and other things. To add a little perspective into the mix I'm the middle child who's gotten everything that I wanted and the "good son" in the family. All of this has made me feel like I owe them to follow the school path.
Also any succesfull people who are willing to hire me so I can drop everything and start doing my own thing without attachment? Jokes aside(not really joking) but what are your thoughts? I'm not sure if I got everything written down since I've bascially had a mental breakdown these past days and decided to write this in 5 minutes.
submitted by ALostTeenager to Advice [link] [comments]

5 Best Features of PrimeXBT in 2020

5 Best Features of PrimeXBT in 2020

https://preview.redd.it/6my3p5fd0gv51.png?width=1000&format=png&auto=webp&s=580cd88e1c69d0e2fdd9f0187c8f682159d77ea6
PrimeXBT is a cutting-edge trading platform that bridges the gap between the cryptocurrency and traditional asset markets, providing a range of advanced tools and features for the optimization of the way its users trade and invest.
As well as this, PrimeXBT provides a safe and secure environment that is fully compliant with AML and KYC, and that uses advanced bank-grade security features in order to protect the funds of its users.
We're taking a look at the 5 best features of PrimeXBT in 2020, beginning with a look at what PrimeXBT actually is and the growth of PrimeXBT, before looking at the top 5 features that users at the platform enjoy.
What is PrimeXBT?

https://preview.redd.it/caj1fufl0gv51.png?width=1000&format=png&auto=webp&s=de015bb00a8785dc43fa1e16c11838521acfe1e8
PrimeXBT is the world's leading multi-asset margin trading platform and after launching in 2018 with a waiting list of more than 150,000 traders, PrimeXBT has rapidly grown over the past 2 years to today managing up to $2 billion worth of global trade every day.
PrimeXBT's reputation is built around the provision of advanced tools and features that are unique throughout the market and that provide powerful opportunities for traders and investors to reduce the risk and to improve the outcomes of their trading activities.
PrimeXBT lists a wide range of cryptocurrencies and traditional assets, provides industry leading margin trading, and packs some of the most advanced security features used in the market into its platform as well.
The Growth of PrimeXBT
What Distinguishes PrimeXBT from Other Platforms?
While there are many trading platforms that provide margin trading in 2020, PrimeXBT provides a safer and more secure environment for cryptocurrency and traditional asset margin traders.
Unlike many other platforms which have been hacked over the past few years, PrimeXBT has a clean security track record and has never been hacked, protecting its users with advanced features.
As well as this, PrimeXBT is considered to be one of the most innovative trading platforms in the cryptocurrency industry, integrating a range of next generation tools and features into its services and providing new ways of trading and investing for the cryptocurrency market.
5 Best Features of PrimeXBT:
Lowest Fees of Any Major Crypto Platform
Since its launch, PrimeXBT has provided the lowest trading fees on the market with a flat rate of just 0.05% applied to all trades, irrespective of the size of the trade or the asset class being traded.
While some of the major trading platforms provide lower fees than the average, PrimeXBT's fees are significantly lower than any other platforms and up to 10 times lower than the most expensive platforms to use.
This has ensured that PrimeXBT’s traders and investors are able to minimize the cost of trading by using the platform, and to maximize the revenue that they generate in the market.
Powerful and Reliable Platform
PrimeXBT is a powerful and reliable platform that packs a range of professionally-engineered tools and technologies into its systems, ensuring that traders can engage with the market in the most effective way possible.
Perhaps the best example of this is PrimeXBT’s trading engine which is strong and robust and that can execute up to 12,000 trades per second with an average trade time of less than 7.02 ms.
By providing a combination of ensuring high liquidity on all trading pairs as well as providing powerful trading tools, PrimeXBT ensures that there is minimum slippage on the platform and optimal entry and exit points as well.
Covesting For Reduced Risk and Crypto Copy Trading
PrimeXBT provides access to the only form of copy trading available in the cryptocurrency space following the integration of covesting into its systems in a partnership with leading crypto copy trading platform, Covesting.io.
Covesting allows traders and investors to partner together and to collectively maximize their safety in the market while reducing risk and improving the collective outcomes in the process.
Covesting is a revolutionary new way for cryptocurrency traders to engage with the market and is one of the fastest growing trends in 2020.
AML/KYC Compliance for Safe Trading
PrimeXBT uses Bitfury Crystal's AML compliance software and blockchain monitoring tool set on all incoming transactions to the platform in order to ensure full AML compliance and safety for all users on PrimeXBT.
PrimeXBT also restricts citizens from problematic jurisdictions with users confirming their country of residence in order for KYC compliance throughout the platform to be achieved.
Using this system, Primax PT not only ensures that it is fully AML/KYC compliant, but also that it is able to monitor and manage transactions that may be fraudulent in real-time throughout the platform.
Widest Range of Assets in the Market
One of the major draw cards of using PrimeXBT is that it provides one of the widest ranges of different assets in the market with a range of leading cryptoassets as well as some of the world's top traditional assets as well.
PrimeXBT lists a range of cryptocurrencies that include BTC, ETH, XRP, LTC, and EOS, as well as a range of traditional assets like stock indices such as the S&P500 and FTSE100, forex pairs such as USD/EUR and AUD/CAD, and commodities such as gold and oil.
Traders and investors are able to use PrimeXBT as a bridge between the crypto assets and traditional asset markets, reducing the cost of trading between them, as well as dramatically increasing the efficiency of multi-asset trading in the process.
What is the Future of PrimeXBT?
In a very short amount of time of just 2 years, PrimeXBT has gone from launching with a waitlist of more than 150,000 traders to today managing up to $2 billion worth of global trade every day.
If the trajectory of growth for PrimeXBT continues it will no doubt see the platform expanding into a range of different areas of online financial trading, and will see the platform become one of the largest trading platforms to ever be in operation.
Over the past 2 years, PrimeXBT's reputation has only grown in strength and we would expect to see this continue as it integrates more safety and security features into its services and increases its compliance with AML and KYC globally.
In Conclusion
PrimeXBT has grown to become one of the world's leading crypto trading platforms, and provides access to some of the world's leading cryptoassets as well as many of the world's leading traditional assets as well.
PrimeXBT has provided a range of different advantages to its uses, with these essentially boiling down to powerful opportunities for more success in global markets as well as increased security and safety in comparison to other platforms.
If you would like to learn more about PrimeXBT, and about the tools and features available on the site, check out this link.
submitted by benebit to CryptocurrencyICO [link] [comments]

H1 Backtest of ParallaxFX's BBStoch system

Disclaimer: None of this is financial advice. I have no idea what I'm doing. Please do your own research or you will certainly lose money. I'm not a statistician, data scientist, well-seasoned trader, or anything else that would qualify me to make statements such as the below with any weight behind them. Take them for the incoherent ramblings that they are.
TL;DR at the bottom for those not interested in the details.
This is a bit of a novel, sorry about that. It was mostly for getting my own thoughts organized, but if even one person reads the whole thing I will feel incredibly accomplished.

Background

For those of you not familiar, please see the various threads on this trading system here. I can't take credit for this system, all glory goes to ParallaxFX!
I wanted to see how effective this system was at H1 for a couple of reasons: 1) My current broker is TD Ameritrade - their Forex minimum is a mini lot, and I don't feel comfortable enough yet with the risk to trade mini lots on the higher timeframes(i.e. wider pip swings) that ParallaxFX's system uses, so I wanted to see if I could scale it down. 2) I'm fairly impatient, so I don't like to wait days and days with my capital tied up just to see if a trade is going to win or lose.
This does mean it requires more active attention since you are checking for setups once an hour instead of once a day or every 4-6 hours, but the upside is that you trade more often this way so you end up winning or losing faster and moving onto the next trade. Spread does eat more of the trade this way, but I'll cover this in my data below - it ends up not being a problem.
I looked at data from 6/11 to 7/3 on all pairs with a reasonable spread(pairs listed at bottom above the TL;DR). So this represents about 3-4 weeks' worth of trading. I used mark(mid) price charts. Spreadsheet link is below for anyone that's interested.

System Details

I'm pretty much using ParallaxFX's system textbook, but since there are a few options in his writeups, I'll include all the discretionary points here:

And now for the fun. Results!

As you can see, a higher target ended up with higher profit despite a much lower winrate. This is partially just how things work out with profit targets in general, but there's an additional point to consider in our case: the spread. Since we are trading on a lower timeframe, there is less overall price movement and thus the spread takes up a much larger percentage of the trade than it would if you were trading H4, Daily or Weekly charts. You can see exactly how much it accounts for each trade in my spreadsheet if you're interested. TDA does not have the best spreads, so you could probably improve these results with another broker.
EDIT: I grabbed typical spreads from other brokers, and turns out while TDA is pretty competitive on majors, their minors/crosses are awful! IG beats them by 20-40% and Oanda beats them 30-60%! Using IG spreads for calculations increased profits considerably (another 5% on top) and Oanda spreads increased profits massively (another 15%!). Definitely going to be considering another broker than TDA for this strategy. Plus that'll allow me to trade micro-lots, so I can be more granular(and thus accurate) with my position sizing and compounding.

A Note on Spread

As you can see in the data, there were scenarios where the spread was 80% of the overall size of the trade(the size of the confirmation candle that you draw your fibonacci retracements over), which would obviously cut heavily into your profits.
Removing any trades where the spread is more than 50% of the trade width improved profits slightly without removing many trades, but this is almost certainly just coincidence on a small sample size. Going below 40% and even down to 30% starts to cut out a lot of trades for the less-common pairs, but doesn't actually change overall profits at all(~1% either way).
However, digging all the way down to 25% starts to really make some movement. Profit at the -161.8% TP level jumps up to 37.94% if you filter out anything with a spread that is more than 25% of the trade width! And this even keeps the sample size fairly large at 187 total trades.
You can get your profits all the way up to 48.43% at the -161.8% TP level if you filter all the way down to only trades where spread is less than 15% of the trade width, however your sample size gets much smaller at that point(108 trades) so I'm not sure I would trust that as being accurate in the long term.
Overall based on this data, I'm going to only take trades where the spread is less than 25% of the trade width. This may bias my trades more towards the majors, which would mean a lot more correlated trades as well(more on correlation below), but I think it is a reasonable precaution regardless.

Time of Day

Time of day had an interesting effect on trades. In a totally predictable fashion, a vast majority of setups occurred during the London and New York sessions: 5am-12pm Eastern. However, there was one outlier where there were many setups on the 11PM bar - and the winrate was about the same as the big hours in the London session. No idea why this hour in particular - anyone have any insight? That's smack in the middle of the Tokyo/Sydney overlap, not at the open or close of either.
On many of the hour slices I have a feeling I'm just dealing with small number statistics here since I didn't have a lot of data when breaking it down by individual hours. But here it is anyway - for all TP levels, these three things showed up(all in Eastern time):
I don't have any reason to think these timeframes would maintain this behavior over the long term. They're almost certainly meaningless. EDIT: When you de-dup highly correlated trades, the number of trades in these timeframes really drops, so from this data there is no reason to think these timeframes would be any different than any others in terms of winrate.
That being said, these time frames work out for me pretty well because I typically sleep 12am-7am Eastern time. So I automatically avoid the 5am-6am timeframe, and I'm awake for the majority of this system's setups.

Moving stops up to breakeven

This section goes against everything I know and have ever heard about trade management. Please someone find something wrong with my data. I'd love for someone to check my formulas, but I realize that's a pretty insane time commitment to ask of a bunch of strangers.
Anyways. What I found was that for these trades moving stops up...basically at all...actually reduced the overall profitability.
One of the data points I collected while charting was where the price retraced back to after hitting a certain milestone. i.e. once the price hit the -61.8% profit level, how far back did it retrace before hitting the -100% profit level(if at all)? And same goes for the -100% profit level - how far back did it retrace before hitting the -161.8% profit level(if at all)?
Well, some complex excel formulas later and here's what the results appear to be. Emphasis on appears because I honestly don't believe it. I must have done something wrong here, but I've gone over it a hundred times and I can't find anything out of place.
Now, you might think exactly what I did when looking at these numbers: oof, the spread killed us there right? Because even when you move your SL to 0%, you still end up paying the spread, so it's not truly "breakeven". And because we are trading on a lower timeframe, the spread can be pretty hefty right?
Well even when I manually modified the data so that the spread wasn't subtracted(i.e. "Breakeven" was truly +/- 0), things don't look a whole lot better, and still way worse than the passive trade management method of leaving your stops in place and letting it run. And that isn't even a realistic scenario because to adjust out the spread you'd have to move your stoploss inside the candle edge by at least the spread amount, meaning it would almost certainly be triggered more often than in the data I collected(which was purely based on the fib levels and mark price). Regardless, here are the numbers for that scenario:
From a literal standpoint, what I see behind this behavior is that 44 of the 69 breakeven trades(65%!) ended up being profitable to -100% after retracing deeply(but not to the original SL level), which greatly helped offset the purely losing trades better than the partial profit taken at -61.8%. And 36 went all the way back to -161.8% after a deep retracement without hitting the original SL. Anyone have any insight into this? Is this a problem with just not enough data? It seems like enough trades that a pattern should emerge, but again I'm no expert.
I also briefly looked at moving stops to other lower levels (78.6%, 61.8%, 50%, 38.2%, 23.6%), but that didn't improve things any. No hard data to share as I only took a quick look - and I still might have done something wrong overall.
The data is there to infer other strategies if anyone would like to dig in deep(more explanation on the spreadsheet below). I didn't do other combinations because the formulas got pretty complicated and I had already answered all the questions I was looking to answer.

2-Candle vs Confirmation Candle Stops

Another interesting point is that the original system has the SL level(for stop entries) just at the outer edge of the 2-candle pattern that makes up the system. Out of pure laziness, I set up my stops just based on the confirmation candle. And as it turns out, that is much a much better way to go about it.
Of the 60 purely losing trades, only 9 of them(15%) would go on to be winners with stops on the 2-candle formation. Certainly not enough to justify the extra loss and/or reduced profits you are exposing yourself to in every single other trade by setting a wider SL.
Oddly, in every single scenario where the wider stop did save the trade, it ended up going all the way to the -161.8% profit level. Still, not nearly worth it.

Correlated Trades

As I've said many times now, I'm really not qualified to be doing an analysis like this. This section in particular.
Looking at shared currency among the pairs traded, 74 of the trades are correlated. Quite a large group, but it makes sense considering the sort of moves we're looking for with this system.
This means you are opening yourself up to more risk if you were to trade on every signal since you are technically trading with the same underlying sentiment on each different pair. For example, GBP/USD and AUD/USD moving together almost certainly means it's due to USD moving both pairs, rather than GBP and AUD both moving the same size and direction coincidentally at the same time. So if you were to trade both signals, you would very likely win or lose both trades - meaning you are actually risking double what you'd normally risk(unless you halve both positions which can be a good option, and is discussed in ParallaxFX's posts and in various other places that go over pair correlation. I won't go into detail about those strategies here).
Interestingly though, 17 of those apparently correlated trades ended up with different wins/losses.
Also, looking only at trades that were correlated, winrate is 83%/70%/55% (for the three TP levels).
Does this give some indication that the same signal on multiple pairs means the signal is stronger? That there's some strong underlying sentiment driving it? Or is it just a matter of too small a sample size? The winrate isn't really much higher than the overall winrates, so that makes me doubt it is statistically significant.
One more funny tidbit: EUCAD netted the lowest overall winrate: 30% to even the -61.8% TP level on 10 trades. Seems like that is just a coincidence and not enough data, but dang that's a sucky losing streak.
EDIT: WOW I spent some time removing correlated trades manually and it changed the results quite a bit. Some thoughts on this below the results. These numbers also include the other "What I will trade" filters. I added a new worksheet to my data to show what I ended up picking.
To do this, I removed correlated trades - typically by choosing those whose spread had a lower % of the trade width since that's objective and something I can see ahead of time. Obviously I'd like to only keep the winning trades, but I won't know that during the trade. This did reduce the overall sample size down to a level that I wouldn't otherwise consider to be big enough, but since the results are generally consistent with the overall dataset, I'm not going to worry about it too much.
I may also use more discretionary methods(support/resistance, quality of indecision/confirmation candles, news/sentiment for the pairs involved, etc) to filter out correlated trades in the future. But as I've said before I'm going for a pretty mechanical system.
This brought the 3 TP levels and even the breakeven strategies much closer together in overall profit. It muted the profit from the high R:R strategies and boosted the profit from the low R:R strategies. This tells me pair correlation was skewing my data quite a bit, so I'm glad I dug in a little deeper. Fortunately my original conclusion to use the -161.8 TP level with static stops is still the winner by a good bit, so it doesn't end up changing my actions.
There were a few times where MANY (6-8) correlated pairs all came up at the same time, so it'd be a crapshoot to an extent. And the data showed this - often then won/lost together, but sometimes they did not. As an arbitrary rule, the more correlations, the more trades I did end up taking(and thus risking). For example if there were 3-5 correlations, I might take the 2 "best" trades given my criteria above. 5+ setups and I might take the best 3 trades, even if the pairs are somewhat correlated.
I have no true data to back this up, but to illustrate using one example: if AUD/JPY, AUD/USD, CAD/JPY, USD/CAD all set up at the same time (as they did, along with a few other pairs on 6/19/20 9:00 AM), can you really say that those are all the same underlying movement? There are correlations between the different correlations, and trying to filter for that seems rough. Although maybe this is a known thing, I'm still pretty green to Forex - someone please enlighten me if so! I might have to look into this more statistically, but it would be pretty complex to analyze quantitatively, so for now I'm going with my gut and just taking a few of the "best" trades out of the handful.
Overall, I'm really glad I went further on this. The boosting of the B/E strategies makes me trust my calculations on those more since they aren't so far from the passive management like they were with the raw data, and that really had me wondering what I did wrong.

What I will trade

Putting all this together, I am going to attempt to trade the following(demo for a bit to make sure I have the hang of it, then for keeps):
Looking at the data for these rules, test results are:
I'll be sure to let everyone know how it goes!

Other Technical Details

Raw Data

Here's the spreadsheet for anyone that'd like it. (EDIT: Updated some of the setups from the last few days that have fully played out now. I also noticed a few typos, but nothing major that would change the overall outcomes. Regardless, I am currently reviewing every trade to ensure they are accurate.UPDATE: Finally all done. Very few corrections, no change to results.)
I have some explanatory notes below to help everyone else understand the spiraled labyrinth of a mind that put the spreadsheet together.

Insanely detailed spreadsheet notes

For you real nerds out there. Here's an explanation of what each column means:

Pairs

  1. AUD/CAD
  2. AUD/CHF
  3. AUD/JPY
  4. AUD/NZD
  5. AUD/USD
  6. CAD/CHF
  7. CAD/JPY
  8. CHF/JPY
  9. EUAUD
  10. EUCAD
  11. EUCHF
  12. EUGBP
  13. EUJPY
  14. EUNZD
  15. EUUSD
  16. GBP/AUD
  17. GBP/CAD
  18. GBP/CHF
  19. GBP/JPY
  20. GBP/NZD
  21. GBP/USD
  22. NZD/CAD
  23. NZD/CHF
  24. NZD/JPY
  25. NZD/USD
  26. USD/CAD
  27. USD/CHF
  28. USD/JPY

TL;DR

Based on the reasonable rules I discovered in this backtest:

Demo Trading Results

Since this post, I started demo trading this system assuming a 5k capital base and risking ~1% per trade. I've added the details to my spreadsheet for anyone interested. The results are pretty similar to the backtest when you consider real-life conditions/timing are a bit different. I missed some trades due to life(work, out of the house, etc), so that brought my total # of trades and thus overall profit down, but the winrate is nearly identical. I also closed a few trades early due to various reasons(not liking the price action, seeing support/resistance emerge, etc).
A quick note is that TD's paper trade system fills at the mid price for both stop and limit orders, so I had to subtract the spread from the raw trade values to get the true profit/loss amount for each trade.
I'm heading out of town next week, then after that it'll be time to take this sucker live!

Live Trading Results

I started live-trading this system on 8/10, and almost immediately had a string of losses much longer than either my backtest or demo period. Murphy's law huh? Anyways, that has me spooked so I'm doing a longer backtest before I start risking more real money. It's going to take me a little while due to the volume of trades, but I'll likely make a new post once I feel comfortable with that and start live trading again.
submitted by ForexBorex to Forex [link] [comments]

eToro: impressions, doubts and (ignored) lessons from copy trading

(no promotional content, no affiliate links)
Hi,
exactly four years ago, I started copying eToro investors / traders that I selected using the broker's built-in search engine (profitable in last two years, already being copied by others), followed by manual filtering, to take into account fluctuations in yearly returns, composition of their portfolios etc. With that, I got a list of 10 people whom I started to copy on a demo account:
https://drive.google.com/file/d/1u52f0XHfr-LauIscKcFDYF0yGTTUr6VY/view?usp=sharing
In the screenshot you can see that in case of the first two of them the amount invested was $10,000, while for the rest it was just $100. This is because I started copying the first two a couple of weeks earlier; eventually I changed this into $100 the same day I made the screenshot and this is when my calculations start - so this thing is irrelevant, I just cannot travel in time to make another screenshot.
What I did after that?
Well, within the next six weeks my profits oscillated between -$11 and +$9.50 (the biggest profit was on Nov 9, a day after US presidential elections). I found this "boring" and discontinued experimenting with copy trading.
Today I looked back at those ten traders. Here is what I found. Firstly, seven of them are not with eToro anymore; investorNo1, Simple-Stock-Mkt, tradingrelax, 4exPirate, primit, Gallojack, xjurokx. The other three traders are:
My observations and thoughts are as follows:
  1. Seven out of ten traders are not with eToro anymore, which makes me wonder why. I have no proof but my guess is they simply performed poorly, lost their copiers and closed their accounts. This is already alarming but what if they opened another account? Or, even worse, multiple accounts? They could be investing small money and try different risky approaches, hoping that at least one account will turn out profitable in the long turn, attracting potential copiers. (I'm not claiming that those 7 particular traders did this, it's just my general suspicion regarding some of eToro traders)
  2. I'm unable to calculate what would be my profit if I never stopped copying them, because I cannot check at what day and with what profit those seven traders left eToro. I'm guessing this would be an immense loss. On the other hand, considering the three traders who are still with eToro, I would lose more than a quarter of my assets!
What now?
I must be a quite adventurous person or at least an incorrigible optimist, because a month ago (exactly on Aug 26th) I started copying three traders with real money. Here is who they are.
rubymza (Heloise Greeff)

OlivierDanvel (Olivier Jean Andre Danvel)

rayvahey (Raymond Noel Vahey)
What was my strategy to hand-pick these particular traders? First I did some basic scanning using eToro's built-in search engine. The most important filter was that the trader was profitable within the last two years: unfortunately, eToro does not allow to reach details of earlier performance automatically. To know how the trader performed before 2019, I had to look at stats in the profile of each of them. I was also taking into account how often they trade (to avoid those who do only a couple of trades yearly), whether they were trading recently and whether they write posts regularly in their feed. With this, I got a list of fifteen candidates to copy:
As you already know, I finally chose three of them. Rubymza seemed to be the most trustworthy stock trader, based on profits, posts feed and regular trading, among other things. Regarding OlivierDanvel, his uniqueness is the ability to record continuous profits with the Forex market. Finally, with rayvahey I wanted to increase my exposure to the commodities market.
Wish me good luck!
Michael

P.S.
You might find those copy-trading related readings interesting:

Disclosures:
submitted by investing-scientist2 to StockMarket [link] [comments]

OmegaPro became a pioneer in online trading

OmegaPro became a pioneer in online trading
Omega Pro
Founded in early 2019 OmegaPro became a pioneer in online trading. OmegaPro initially specialized in Forex trading. OmegaPro has recently expanded the range of products to indices, shares, commodities, ETFs, and options.
OmegaPro Ecosystem comprises of OMP Banking, Trading, Referrals and Charity.
Managing money is a very big task these days, Omega helps you to do all this with just a click. Mastercards and Visa by Omega makes shopping and using your money easier than ever before.
The OmegaPro ecosystem allows you to manage your online finances with OMP Money, send or receive payouts, use your prepaid card, deposit and withdraw money using a various options.

Omega Pro
OmegaPro also offers a variety of great account options for all our clients. Whatever your trading experience, beginner or expert, our next-generation trading platform can easily be tailored to suit your needs and financial goals. Customized options for spending funds as organized as possible.
With our customer’s trust and our expertise in delivering a first-class trading environment, we continue to expand our reach in the financial sector
We are globally renowned with thousandths of customer bases and clientele spread all over the country. It is an easy and convenient method to spend and manage your funds. We believe in integrity and satisfying our customers is a very big detail we pay attention to. We thrive on changing the trends, increasing business and audience in order to do better than anyone else in the same sector.
A very attractive UI/UX interface makes using the services of Omega fun and even better to use.
OmegaPro partnering with OMP Money gives unique opportunities and services for our clients and makes it easier than ever to use your earnings from your trading and improve your life, wherever you are.
Our flexible partnership program comes with a host of competitive benefits and enables you to introduce your clients to our exceptional trading experience while increasing your revenue at the same time.
Our clients can now create their own bank accounts with OMP Money and gain direct access to their funds at OmegaPro and also connect it to a Mastercard provided by the bank.
Through its referral system. OmegaPro gives you the ability to earn by referring clients to the OmegaPro trading platform. OmegaPro team has developed a partner portal for transparency of your referred clients. “Giving back part of our profits as a company to the communities that have believed in us as a company has been an important keystone for our business since the beginning. Our charity foundations are widely spread throughout Latin America to South East Asia.” says Dilawar Singh, CNO of Omegapro.
“We are excited to see the impressive positive response from the market for OmegaPro Ecosystem“, says Andreas Szakacs CEO of Omegapro. “We plan to take this initiative ahead and provide the best service and value to our customers.” says Andrea Szakacs.
Our OmegaPro family stretches from Latin America in the West to Asia in the East, from Northern Europe to the Southernmost Tip of Africa.
submitted by NewsPressInida to u/NewsPressInida [link] [comments]

OmegaPro

OmegaPro
OmegaPro
Founded in early 2019 OmegaPro became a pioneer in online trading. OmegaPro initially specialized in Forex trading. OmegaPro has recently expanded the range of products to indices, shares, commodities, ETFs, and options.
OmegaPro Ecosystem comprises of OMP Banking, Trading, Referrals and Charity.
Managing money is a very big task these days, Omega helps you to do all this with just a click. Mastercards and Visa by Omega makes shopping and using your money easier than ever before.
The OmegaPro ecosystem allows you to manage your online finances with OMP Money, send or receive payouts, use your prepaid card, deposit and withdraw money using a various options.

OmegaPro
OmegaPro also offers a variety of great account options for all our clients. Whatever your trading experience, beginner or expert, our next-generation trading platform can easily be tailored to suit your needs and financial goals. Customised options for spending funds as organized as possible.
With our customer’s trust and our expertise in delivering a first-class trading environment, we continue to expand our reach in the financial sector
We are globally renowned with thousandths of customer bases and clientele spread all over the country. It is an easy and convenient method to spend and manage your funds. We believe in integrity and satisfying our customers is a very big detail we pay attention to. We thrive on changing the trends, increasing business and audience in order to do better than anyone else in the same sector.
A very attractive UI/UX interface makes using the services of Omega fun and even better to use.
OmegaPro partnering with OMP Money gives unique opportunities and services for our clients and makes it easier than ever to use your earnings from your trading and improve your life, wherever you are.
Our flexible partnership program comes with a host of competitive benefits and enables you to introduce your clients to our exceptional trading experience while increasing your revenue at the same time.
Our clients can now create their own bank accounts with OMP Money and gain direct access to their funds at OmegaPro and also connect it to a Mastercard provided by the bank.
Through its referral system. OmegaPro gives you the ability to earn by referring clients to the OmegaPro trading platform. OmegaPro team has developed a partner portal for transparency of your referred clients.“Giving back part of our profits as a company to the communities that have believed in us as a company has been an important keystone for our business since the beginning. Our charity foundations are widely spread throughout Latin America to South East Asia.” says Dilawar Singh, CNO of Omegapro.
“We are excited to see the impressive positive response from the market for OmegaPro Ecosystem“, says Andreas Szakacs CEO of Omegapro. “We plan to take this initiative ahead and provide the best service and value to our customers.” says Andrea Szakacs.
Our OmegaPro family stretches from Latin America in the West to Asia in the East, from Northern Europe to the Southernmost Tip of Africa.
submitted by NewsPressInida to u/NewsPressInida [link] [comments]

Copy trading with eToro: impressions, doubts and (ignored) lessons

(no promotional content, no affiliate links)
Hi,
exactly four years ago, I started copying eToro investors / traders that I selected using the broker's built-in search engine (profitable in last two years, already being copied by others), followed by manual filtering, to take into account fluctuations in yearly returns, composition of their portfolios etc. With that, I got a list of 10 people whom I started to copy on a demo account:
https://drive.google.com/file/d/1u52f0XHfr-LauIscKcFDYF0yGTTUr6VY/view?usp=sharing
In the screenshot you can see that in case of the first two of them the amount invested was $10,000, while for the rest it was just $100. This is because I started copying the first two a couple of weeks earlier; eventually I changed this into $100 the same day I made the screenshot and this is when my calculations start - so this thing is irrelevant, I just cannot travel in time to make another screenshot.
What I did after that?
Well, within the next six weeks my profits oscillated between -$11 and +$9.50 (the biggest profit was on Nov 9, a day after US presidential elections). I found this "boring" and discontinued experimenting with copy trading.
Today I looked back at those ten traders. Here is what I found. Firstly, seven of them are not with eToro anymore; investorNo1, Simple-Stock-Mkt, tradingrelax, 4exPirate, primit, Gallojack, xjurokx. The other three traders are:
My observations and thoughts are as follows:
  1. Seven out of ten traders are not with eToro anymore, which makes me wonder why. I have no proof but my guess is they simply performed poorly, lost their copiers and closed their accounts. This is already alarming but what if they opened another account? Or, even worse, multiple accounts? They could be investing small money and try different risky approaches, hoping that at least one account will turn out profitable in the long turn, attracting potential copiers. (I'm not claiming that those 7 particular traders did this, it's just my general suspicion regarding some of eToro traders)
  2. I'm unable to calculate what would be my profit if I never stopped copying them, because I cannot check at what day and with what profit those seven traders left eToro. I'm guessing this would be an immense loss. On the other hand, considering the three traders who are still with eToro, I would lose more than a quarter of my assets!
What now?
I must be a quite adventurous person or at least an incorrigible optimist, because a month ago (exactly on Aug 26th) I started copying three traders with real money. Here is who they are.
rubymza (Heloise Greeff)

OlivierDanvel (Olivier Jean Andre Danvel)

rayvahey (Raymond Noel Vahey)
What was my strategy to hand-pick these particular traders? First I did some basic scanning using eToro's built-in search engine. The most important filter was that the trader was profitable within the last two years: unfortunately, eToro does not allow to reach details of earlier performance automatically. To know how the trader performed before 2019, I had to look at stats in the profile of each of them. I was also taking into account how often they trade (to avoid those who do only a couple of trades yearly), whether they were trading recently and whether they write posts regularly in their feed. With this, I got a list of fifteen candidates to copy:
As you already know, I finally chose three of them. Rubymza seemed to be the most trustworthy stock trader, based on profits, posts feed and regular trading, among other things. Regarding OlivierDanvel, his uniqueness is the ability to record continuous profits with the Forex market. Finally, with rayvahey I wanted to increase my exposure to the commodities market.
Wish me good luck!
Michael

P.S.
You might find those copy-trading related readings interesting:

Disclosures:
submitted by investing-scientist2 to InvestmentClub [link] [comments]

HEALth... A back story leading me to seek some answers

I would just like to share my experience with veganism and diet in general.. Before December 2018, I was in a very unconscious state of being. In 2016 my parents divorced after 20 years, I was sexually assaulted 2 different times when I was 16 and one of those times was in a horrific accident in the same night. Long story short, I had plenty of healing to do on my plate. Leading up to December 2018 I had done acid many times and never had any crazy breakthroughs OTHER than the fact I truly saw the universal energy all around and wasn’t able to depict what it even was till years later. It was fun, opened my mind a bit and taught me some little lessons regardless. Summer 2018 right when I graduated high school I ate mushrooms for my first time by my self because I was desperate, suicidal, self destructive as fuck... Deep down I knew there was nothing left to lose. This first mushroom trip I remembered the ecstasy of what it is to be alive, I cried tears of gratitude and joy for even existing for hours. Internally I began forgiving myself and others for all of the pain... It was life altering to say the least in the best way possible. This experience was in July 2018ish, I still had so much unraveling of all my traumas to do that I wasn’t fully aware of yet... From July 2018- Dec 2018 I still lived out my self destructive ways of being; drinking till I was blacked out, not eating the best, sleeping around with whomever would give me the slightest bit of acknowledgment. Mind you, I had everything I could’ve needed materialistically my entire life.. Both my parents were still alive, I just graduated, I had food water and shelter and clothes and many other nice things that would appear on the outside like I was set and had all I needed. I ate pretty balanced my entire life, my mom cooked great and I’ve always been what I would consider healthy and vibrant even when I ate an omnivorous diet all of my life. I’ve always struggled with dairy my entire life and that was it really so it was exempt from my overall intake anyways. Come December 2018 I was in what felt like the densest, darkest hole in my entire existence. I was extremely suicidal, I thought about it every day and how I was going to be successful with it.. I was truly living out some of the most self destructive behaviors I could ever imagine now. A few weeks into Dec 2018 I started hanging out with someone I went to school with and briefly knew. His name was Dan. Dan and I ate acid one of the first nights him and I hung out and he informed me about all of the things about the Matrix and how it was created to keep us trapped and how all of the things that exist within it; tv, food, media, work did it. I already had a little background on 9/11 and flat earth and stuff so I already had a basis on which I was skeptical on quite a few things already but nothing like what was presented to me by Dan. This same night I found myself being attracted to Dan and what he was sharing with me despite me truly understanding any of it at the time. He looked at me with disgust and informed me that he could see in my energy I had a lot of things to go “deal with”... I did not understand what this meant for some time. I was very attracted to Dan from the jump meanwhile he repelled me and did not show any interest. This same night Dan advised me to stop eating any and all animal products, get rid of TV, social media, start trading Forex and learn how to work for myself... This night I stopped consuming any and all animal products, gave up alcohol that I had so heavily relied on- cold turkey, got rid of my TV, bought a desk and started investing in my self and books... Weeks go by from this night and I spent every day from this night pondering all the information I’d been given from Dan. I was doing a lot of research on the matrix and a lot of things started making sense. On December 31st 2018 I decided to eat mushrooms alone, again. I was still feeling very suicidal. Once again, feeling like there was absolutely nothing to lose. This experience was truly one of the most ineffable out of the ones I’ve had. It started great feeling good and it took a very unexpected turn... The walls started melting, I was soaked in sweat, I was crying so hard, my ego was in the midst of a death that saved my life... During the crying, sweating and walls melting a voice said to me “are you sure you’re ready to leave? have you really done all that you feel like you came here to do? because you can but the choice is yours” and from there I exclaimed out loud “No I am not ready to die. I have so much to do still” My soul seriously felt like it was going to leave my body right then and there if I said yes I was ready..... And from here..... My life completely changed. Dan and I started hanging out everyday. He tried teaching my how to trade forex and everything he could about breaking out of the Matrix. Our entire lives revolves around this for awhile.... I was vegan for 6+ months. I felt great for a while, I felt light and clear. I was breaking out so bad frequently which I felt like was either from kissing Dan who had acne which spread to me, or all of the vegan alternatives that were wrecking havoc on my system, the constant state of stress I was in.. It was probably a mix of things. I apprentice plumber and live in New England so by the time winter came around I was starting to feel fatigue and brain fog.. So I started eating meat again and felt back to my balanced, healthy self. During all the time I was vegan I became intolerant of almost all food it felt like... Couldn’t do any gluten or sugar and any time I did resulted in bloat and discomfort for hours on end... Because of Veganism I tried soooooooo many different variations of diets. I juice fasted for weeks, ate nothing but raw fruits and veggies for a while... Fasted a lot I’m general. I was farming for a while so while I was I felt amazing even without meat... And then like I said winter came and my body started taking a turn for the worst it seemed.. My bile was basically water every single time. It seemed like I had a reaction to every single thing I ate until I started eating meat again... And not every day either- it was a very intuitive thing and I ate it when I felt like I needed it. I do not support animal cruelty whatsoever which is why veganism was so appealing to me. I never ate meat because I wanted to hurt animals in the first place. I ate what I was raised by my entire life.. and looking back the way I ate never seemed to be the cause of issues in my life.. It always genuinely came down to lack of emotional support from my caregivers and those around me even myself, traumas that had happened to me.. etc etc. During my 6+ months of no animal products- I binged regularly, I had incessant cravings all day every day for any and everything it seemed like... I was extremely emotionally unstable... Meanwhile on the outside it was ALL “LOVE & LIGHT :D”.... Inside I was suffering so deeply and just didn’t feel balanced. I was supplementing with Cymbiotika and a bunch of other vegan replacements. The more I heal my wounds and become more of what feels like my true self the more I feel like I am able to listen to what my body and Self truly needs to feel healthy and that comes down to my body truly thriving better when I implement strictly local and grass fed beef.. I ritualize this process as much as I am able to. I still think about all of the vegan ideologies and animal suffering which is why I try to be as mindful as possible about all of my consumption. One part of me says “eating meat will interfere with spiritual channel within”, there is no justifying killing any and all animals, live for the animals meanwhile restricting Self of that which it knows it wants and needs to have healthy life... The other part says “what about the plants? Why aren’t they acknowledged for their sentient intelligence?”, why is all the focus just on animals and how they feel? Why don’t vegans or plant based individuals consider the suffering that may be caused by a plant being disconnected from its network (family) + roots? Why isn’t ripping a plant out of the ground to be consumed considered to be just as cruel as raising animals to be consumed? I don’t have all the answers... But vegan, plant based, carnivorous, omnivorous all share one thing in common which is considering the energy and place of that which you may be getting any of these things come from.. Plants and animals come from the Earth, therefore they are natural.. Especially when grown and raised with awareness and given their best lives possible... If we are all one and all interconnected why are plants and animals given such a distinct separation that one is more valuable than the other? Or one feels more than the other? There is no justifying animal cruelty but that also just goes back to the energy and place of that which you are getting your products to consume from... Getting ANY thing whether it’s plant based or not from any where that you don’t know where it comes from seems to be the real issue.. Being disconnected from our source... You can buy all the plant based sources from the grocer you want, but if it’s not local or grown to the best of abilities, given proper tlc, coming from any place that you don’t know- it’s exactly the equivalent of buying meat off the shelf at any grocer having the same disconnect from both sources... Life and death are inevitable. We are mortal beings here on Earth and for some reason I feel there is a lot of premonition that if you are Vegan you are more spiritual, will be healthier, live longer.. Why do I feel more balanced and grounded when I consume meat then? Why do I have more concentration when I consume meat? Why does my body seem to thrive when I consume meat? The answer comes down to individuality at the end of the day... & the quality of that which you use as a source of consumption for ANYthing.... not just meat. When you eat a plant, you interrupted it’s life for your survival. When you eat an animal, you also interrupted its life for your survival. For what? So we can live... & continue the eternal cycles of life and death... When we die, Mother Earth eats at our decay for food for herself... & it appears to be a never ending cycle... I’m doing what appears to be working for me. But I can’t seem to rid myself of the very low level of guilt I’ve programmed into myself from the times I’ve not consumed any animal products.. Just seeking some perspectives If anyone has any to share. I don’t think I am right and anyone else is wrong.. I just feel like there’s so much information along the lines of these things that it can cause confusion if one doesn’t know themselves or their bodies... So any discussion to distinguish some clarity amongst all of it is very much welcomed... I send you so much love, I truly do. I hope we are all eventually able to radically accept and integrate what it means to be healthy and human and do whatever it takes to be humane about doing that in whatever fashion best suits each individual...
submitted by myconat to awakened [link] [comments]

Primer on Binary Options Recovery

Primer on Binary Options Recovery
A binary option is a financial option wherein the payoff is particular fixed money or nothing at all. There are mainly two types of binary options cash-or-nothing and asset-or-nothing binary options. The cash-or-nothing binary option pays some fixed amount of cash if the option expires “in the money.”
The asset-or-nothing binary option, however, only pays the value of the underlying securities. This option makes many people quickly lose money trading binary options. So what happens when you have lost money trading binary options?
Recover from Binary Options How to Recover from Binary Options Lost or Scam with a Verified Recovery Expert.
Have you been enticed to get entangled in trading binary options? Have you had any bad experience with binary options? Are you a victim of the famous binary options scam?
“How do you recover from binary options scam?”
It happens to lots of people, even professional, educated people and the elite. If you get swindled, the first thing to do is not to beat yourself up over it but act fast. More importantly, suicide is not an option, and we can always heal and recover from our loses once there is life.
An unfortunate story of an Australian man who got himself entangled in binary options lost a lot of money and had the third mortgage on his house with a lot of other debts. And then he ended his life.
There are a lot of somber stories of people who have lost it all to binary options and have no clue how to recover from binary options schemes and fake brokers.
Firstly it goes without saying, it’s better to prevent, investigating the business and doing background checks is very necessary before any investment. Here are some tips to help you.
  1. When investing, do proper research and make sure the broker you are working with has an appropriate regulation and licenses like ASIC, FCA, CySEC, CFTC, BaFIN, or other government regulators.
  2. Always make sure you don’t invest all of your money.
  3. Get wealthy quick programs are bound to lose more money, don’t fall for investments of such.
  4. Learn and do more research about the financial option you are planning to invest.
  5. Listening to your broker is another mistake, as they have lost peoples money in many instances, the reverse of a brokers advice might be doing you better.
  6. Check out the platform and use all their demo till you are skilled and never agree to add funds in a rush.
A lot of people have their first experience with binary options through a scam. Binary options trading scams are widespread, and recovering from binary options schemes might be very hard but not impossible. The binary options industry is steadily misused, and many scammers and thieves get away with a lot due to slack regulatory laws, shallow knowledge and negligence of victims. There are fake review websites that support and endorse these scams, so for a person with no trading experience, it is almost impossible to find the right path.
A lot of people are getting duped and losing their money to these schemes. They have assured an income, but in actuality, they take their money and lose it deliberately.
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What to do if Scammed by Binary Options? The web has a lot of fraudulent binary options brokers. So once you realize you have been a victim of the scam, don’t panic! You will most likely go through guilting yourself and emotional distress. Your first step is to file a complaint to the customer services team. Always remember the risks involves in the trades, you can lose money as well as gain as much too. If you lose money or get scammed, you will be reminded of the risks.
Documenting all that has happened is very important. The world would be better if we did not have thieves and people who create scams aiming to steal from us. The best move anyone can make is to educate themselves about possible scams and the way they work because they are everywhere and to be intelligent in the decisions made by them and the information they provide.
These Con artists have found binary options a simple system to use their system to strip the money of unsuspecting casualties. This write-up will focus on educating you, on binary options scams and binary options scammers. If you have ever lost money to binary options, check for links below to hire a recovery organization to help you get your money back. Binary options investing can be an excellent way to make more money without having to do much, but when you are dealing with the wrong people, it can be a quick way to lose a massive amount of money. We believe when you are done reading this article, you will be able to determine the differences between reliable binary options systems and the scam artists.
Don’t forget that you must file a complaint to customer services of the respective platform you used, and it is the first thing to do when you feel spooked. All regulatory bodies have their procedure and steps, and they will also ask if you have filed a complaint. In few countries, it is required legally that the company gives you a case number which you can then use to file a complaint to securities and exchange commission.
It is also essential contacting your credit card company and bank fast so they can provide solutions such as chargeback for you. If you find that you get stranded and need help then get it to contact with a recovery expert, and your best bet is Assured Recover. They will undoubtedly be able to help recover all lost funds.
Also, be very careful with recovery rooms as they can even scam you as an easy vulnerable target.
Recover Losses made to Binary Options with Verified Recovery Experts. A few recovery companies that focus on lost funds and wealth recovery internationally. Some legitimate companies also claim they can help, but since there isn’t much of a right side to this, they usually fall short of their promise and client’s expectations.
Some chargeback companies offer a service to help, and some may be able to help. A significant number of people who have lost money to fake binary options companies like IQ options, VIPBinary, 24option, and other fraudulent binary options trading platforms/companies that have bad reviews and been accused of scams. Assured Recover has successfully helped customers who were scammed and to get their money back.
Here is a testimony how Assured Recover helped someone who got scammed by Trade Toro.
One wouldn’t think much of this, all I wanted to do was invest and be part of it, but the brokers weren’t truthful. They collected money from all in the name of investment, and when it was time to withdraw, I realized I couldn’t. At the time was when it occurred to me, I had been duped.
I consider myself to be one of the very few privileged ones as I was able to get all recovered from this scam Binary options brokers. Assured Recover is simply the best, and in less than 30 days all my funds including bonuses had been recovered, If your broker lost your funds trading Binary options, one of these verified recovery experts will help you get your funds back without any traces.
I’m pleased to let people know how I was able to recover part the money that I got cheated by Trade Toro, and I’d like to write in favor of Assured Recover. Assured Recover is your best bet when it comes to binary options recovery.
Binary options trading scams will make you lose money and also make you blame yourself for not being more careful. These Verified Recovery Experts offer binary options loss recovery service to everyone in need of such services. Here is the link to the original article, and how to recover money lost to binary options, forex, cryptocurrency etc.
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With Bitcoin Suddenly Surging, Canaan Stock Is Also Going Up Today

With Bitcoin Suddenly Surging, Canaan Stock Is Also Going Up Today



By signing up, you may receive emails concerning CoinDesk products and you agree to our terms & conditions and privacy policSTER ON THE SITE
We need all users to enroll on our platform to access the Bitcoin Trader platform. The sign up method is easy and solely takes a couple of minutes. You'll be able to forever contact our customer service team if you wish helpour Bitcoin Trader account for our trading robot to position trades on your behalf. We tend to need all users to possess a minimum of $250 in their account before accessing our web trader platform. This quantity is enough to require positions price lots of thousands of dollars when using leverage.

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You do not would like any expertise to trade with the Bitcoin Trader app. We tend to are ninety nine.99percent automatic, that means that live trading involves terribly little manual input. Moreover, we tend to offer comprehensive guides and tutorials to help users set up a live trading account.
ognized by the US Trading Association as the foremost profitable crypto robot in 20twenty. Whereas results rely on market conditions, a number of our traders have seen profits of more than four
What is the minimum deposit withBitcoin freedom
You'll be able to trade with us by depositing just $250. The additional you deposit, the more earning potential you have in a very single day. However, we have a tendency to encourage our users to begi
We have a tendency to are tested and verified by prime trading review sites. Our trading platform is cutting-edge. Moreover, we have a tendency to operate in collaboration with highly reputable brokers. We have a tendency to work absolutely transparently and publish all the data that users need to get started with our trading robot
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Bitcoin Trader is a trading robot powered by cutting-edge AI technology. We have a tendency to have a possible daily return on investment of up to four hundredp.c. We have a tendency to have over five thousand reviews on TrustPilot, and at least 90percent of our reviewers are happy with our platformn
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Our fees are fully transparent. You can download a listing of trading fees from the platform’s management dashboard. We have a tendency to only charge a little commission on profits earned through our trading robot
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We aim to assist normal people reap important returns from cryptocurrency trading. With us, you get exposure to over forty five Bitcoin contracts for variations (CFDs). Common crypto pairs you'll trade with us embrace BTC/USD, BTC/GBP, BTC/EUR, and BTC/XRP.

1) Register: Registering with the Bitcoin Trader app is straightforward. Scroll to the high of this page and submit the specified details through the registration kind.

We require users to verify your phone range and email, since this is often what you'll use for multi-factor authentication. Yet, our partner brokers verify the identity of all users per regulators’ understand your customer (KYC) requirements.

a pair of) eposit: You wish to deposit a minimum of $250 US to trade with the Bitcoin Trader software. We tend to depend on our partner brokers to facilitate transactions, and all of our partners are absolutely regulated by government authorities. With regulated brokers, you'll rest simple knowing that your funds are safe.
You'll fund your account through wire transfer, MoneyGram, Western Union, FasaPay, Visa, MasterCard, Neteller, WebMoney, and Skrill.


three) Trading Education and Demo: We have a tendency to are an auto-trading robot, however we have a tendency to do enable our users some level of management, especially when it comes to risk management. Consequently, our Bitcoin Trader official website encourages you to travel through our trading education section to familiarize yourself with the chance management process.
Our highly intuitive demo platform ought to additionally facilitate your observe trading with the robot before you begin trading during a live account Bitcoin Freedom

The platform needs that you just define the trading conditions for the robot and activate the live trading session button. We have a tendency to encourage you to depart the robot running throughout the day within the background. You'll be able to let it run unmonitored for up to eight hour
We tend to have recently been nominated as the most profitable robot for BTC trading in 20twenty. Moreover, we are one of the trading robots that has been extensively covered by mainstream media. Bitcoin Trader has thousands of reviews on client feedback platforms
Bitcoin Trader was one amongst the primary robots to use high-frequency trading techniques to BTC trading. The robot was founded in 2015, nearly two years before the crypto boom in 2017.
Bitcoin Trader uses AI and ML to create sense of big knowledge, which allows it to trade with high accuracy.
Our trading platform became an on-line sensation in mid-2017, and it has maintained its popularity since then. Bitcoin Trader is the simplest possibility for many beginner and experienced traders.
Bitcoin Trader allows you to earn a daily profit of up to $1,00zero by investing simply $250. That’s a potential return on investment of up to four hundredpercent.
Do celebrities recommend the Bitcoin trader software?

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We tend to are highly widespread and hence a prime target for celebrity gossip. There are viral rumours that we have a tendency to have been endorsed by Elon Musk, Richard Branson, and Jeff Bezos.

Elon Musk – The founder of SpaceX has invested in Bitcoin and expressed interest in artificial intelligence, however he has not invested employing a trading robot.
Richard Brandson – Branson is another celebrity alleged to own invested using Bitcoin Trader. While it's true that he loves Bitcoin and blockchain technology, he hasn’t endorsed any trading robot.
Jezz Bezos – Bezos is also a big fan of emerging technologies, however he hasn’t shown any interest in BTC trading through revolutionary robots like Bitcoin Trader.

You ought to never build an investment decision based mostly on whether or not a star has endorsed or invested in it. Bitcoin Trader has been tested and licensed by specialists.

The verdict about Bitcoin Trader
We tend to are a prime-rated crypto trading robot with nice reviews on sites like TrustPilot and ForexPeaceArmy. Moreover, we have been recognized as legit and profitable by authoritative bodies like the US Trading Association.

We have a tendency to are always striving to offer the most effective to our users by regularly improving our trading platform. Our team of experts analyzes feedback from users to work out what features will create a a lot of seamless trading experience. We tend to operate in complete transparency, having partnered with some of the world’s most reputable brokers.

Our platforms are encrypted to shield you from hackers. Furthermore, we tend to also adhere to information privacy measures, like the General Information Protection Regulation (GDPR). Try out Bitcoin Trader currently through the link at the high right corner of this page.
perior over different cryptocurrencies?
LATESTBITCOINETHEREUMALTCOINSTECHNOLOGYADOPTIONBLOCKCHAINEVENTSCONTACT
PRESS RELEASEWhy is Bitcoin superior over different cryptocurrencies?Akshay KSPublished a pair of weeks agoon August 12, 2020By Akshay KS
Source: Pixabay
During this technical world, bitcoin is the foremost used digital currency all over the world. However the main question then arises within the minds of the many folks is why bitcoin is considered the foremost superior over other cryptocurrenc Bitcoin Freedom
Bitcoin is that the one method of creating transactions daily as alternative currencies. But it's its options and uniqueness that make it superior. Bitcoin and different currencies are based mostly on the cryptographic algorithms or mathematics that are encrypted, with that the user becomes the owner of the currency. Bitcoin currencies are easily accessible at Bitcoin ATM and online exchange
The main feature of the bitcoin, which makes it superior is that it is the safest option for digital transactions. These will be used for on-line searching and transfer of money too.
There are many alternative blessings to using bitcoin. A number of them are mentioned below
Decentralized and digital
Bitcoin offers the freedom of exchanging the price without representatives that proves helpful in controlling the lower fees and high funds. Bitcoin is that the faster method of transaction than others. It is secure as it is free from theft and frauds and is constant. The main advantage is that bitcoin has its homeowners whereas the bank controls the money.
Makes online looking
Normally, bitcoin will be used for on-line shopping too. Bitcoin is the opposite face of e-wallet, that is created by blockchain technology that is used to store money and will easily pay everywhere digitally. For this reason, it also makes your searching easy by which you'll be able to look from your home solely

Bitcoin is accepted globally at each corner of the planet, which makes it less volatile than local currencies or cash. This feature makes it superior because it enables us to form transactions on-line and across the boundaries
Bitcoin unable the means of tracking cash

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Bitcoin is created by blockchain technology. Blockchain is the sole technology which will either make it or break it. There are many computers which are used to keep up a permanent record of each bitcoin transactions with the help of cryptographic technique. In this approach, it becomes a lot of valuable together with the tracking of the payment. At the same time, there's no method of tracking the cash

While not any transformation method, it will be used over the entire world. It provides the simplest platform for the investment as it is free from the restrictions of governments or banks. It provides an open market and combines the simplest of gold and money.

Bitcoin provides the power to access the balance of the users with a password which is named a personal key. It additionally permits the exchange of values through the web without any middle person. Thus, bitcoin becomes safer, stuffed with privacy, and open to everyone
Unlike cash, it is not possible to form the duplicate quite bitcoin that makes it more efficient. It's protected with the technology of blockchain. Even if anyone tries to form a replica of bitcoin to use it, then the system will automatically reject it as the system recognize it as unknown

Bitcoin Freedom failed to allow two persons to transact on the one price. Once the bitcoin is transferred, its possession is also transferred. So this is the simple approach of maintaining records for any tax functions. It conjointly makes it a easy and healthier metho

Bitcoin is the foremost reliable manner of online transactions. Many questions arise in folks’s minds that are solved on websites like bitcoin revolution. One in all them was the above-mentioned question. Bitcoin provides many facilities, and it comes with more and a lot of blessings which makes it distinctive and special over different cryptocurrencies. It can be preferred as the simplest digital platform for transac


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Disclaimer: AMBCrypto US and UK Market's content is informational in nature and is not meant to be investment advice. Buying, trading or selling crypto-currencies ought to be considered a high-risk investment and every reader is advised to do their due diligence before making any decisions.
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Sign up with Bitcoin Trader nowadays to start out earning potentially thousands of greenbacks in profits daily from an initial investment of just $250. We tend to are a high-rated automated trading robot that's accessible and easy for all to use. By trading with Bitcoin Trader, you'll start generating a lot of investment income than ever beforeBitcoin Freedom

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We have invested in the globe’s best trading technologies. These include the factitious intelligence subsets of natural language processing, deep learning, and machine learning. Bitcin Trader depends on these technologies to derive insights from huge data and market news.
The Bitcoin Trader app has won nearly fifteen coveted awards since launching in 2016. These include the most Profitable Robot 2020 award by the American Trading Association, the simplest Robot in Trading Technologies 2019 award, and the most Profitable Crypto Robot in 2018 Award. We have a tendency to price our customers and are contin
https://www.cryptoerapro.com/bitcoin-freedom/
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Running a ponzi and stealing $180K, IRL.


I wanted to write a quick post in answer to the people who routinely make claims I have a history of stealing from people in my previous company and base this upon a blog they read. If you would like to discuss this further, please make a post and link it to me to engage on. I will do so as long as we deal with the facts of how a PAMM company really works.
I won't engage in circular debates where the essential point is, "I don't believe you". You don't have to - that's not how any of this works. Just fact check.

Anti-SEO:

I want to avoid Google ranking on this post. Although for my personal 'PR' it would be beneficial to aim to rank something answering claims, at some points in this some others involved in the company will not really come over in the best light. I assume it's likely these people are still involved things (Not spoke with them for 5 yrs) - It'd be unfair to rank bad PR on them.

The failure of the company was squarely due to me. Anything anyone else did either would not have happened or not have mattered if I'd done better. I do not want anything I do now to further hinder anyone.

So I will refer to names by only one letter (or number if applicable).

Ponzi Claims:


I found it strange at the time this ended up centred around the ponzi scheme side of things. There was a reasonable question to be asked and answered as to if it was a pyramid scheme. Were people signing up just to sign people up, or was there a core product of fair market value. The services sold I'd previously ran at the same sort of price point direct to market - so I felt on fairly good ground on that.
Initially I's actually been a bit excited initially, because I was a reader of the blog in question and I liked the work they'd done on pyramid schemes. I thought I'd be able to either validate I was doing things right, or learn how I should be doing them better. I never thought the ponzi side of it would take any more than a few minutes to clear up. But that was not so ...
A ponzi scheme was to all intents and purposes impossible. All of our business was done via three different brokers and all of our results publicly tracked with close to real time updates for marketing purposes. Of the three brokers we were using, two of them had good regulation. An off-shore broker had to be used for US clients, so this is the only one with any sort of question mark.
All of our results over all the brokers were almost identical (Some execution/costs variance). The two regulated brokers were under different regulators. Most, if not all, the brokers held clients funds in segregated accounts. All brokers would have to have been fully complicit in the scam - and it costs more to get regulated than there was to steal. Logically, it could not have been so.
We were using a PAMM model. This works by the client opening a brokerage account and signing a LPoA to allow trades to be copied onto their account. The LPoA grants the company no access to the funds. Money laundering laws also dictate the funds can only be redeemed to same source they were funded. PAMMs are big business. Protection of all parties is built into it, it's a well trusted model.
This should have taken no less than 5 minutes to self verify. It could not have been a ponzi.

£50,000 Fine:


That happened. Turns out if you set up a PAMM in the Netherlands and then let a bunch of people refer investment to it this is classed as running a ... I can't remember exactly and even at the time it was in Dutch so I didn't personally read it all. The underlying problem was not the model in any way. We were told at the time we basically jut had to pay £2,000 for each country we did business in.
We were global. At this time the company had neither the money to do that, or pay the fine they gave us for not having the money to do that.
My mistaken assumption was that since when you run a PAMM you are basically piggybacking off the broker's licence, all was well and good. This was true - but the problem was sourcing. Paying people to refer investment was what we were fined for when you get right down to it.

$180,000 Stolen:


This was just a headline. In many ways it's misleading. Firstly, nothing was stolen or even taken. It was lost or given away to clients who'd lost in the PAMMs that went bad. All the money lost was lost trying to get enough money to make good all the PAMMs. So it was not stolen, and there is nothing in anyway to imply that's a suitable word to use. In the blog, no explanation of that is offered.
What seems to be inferred is that this was commissions due out to clients that the company kept. Even outside the above mentioned this would be wrong. All affiliates were paid. You will not find a single one who says they were not. Further to that, of all the funds invested into the company (We'll call the company '5') somewhere in the 60 - 70% range was sourced directly by me.
Other funds were sourced by my co-founder. Investments were made through passive advertising without them being attributed to a refer. All in all, assuming we did not pay the affiliates and we had this much, $18,000 would be the number. Of the $180,000 somewhere a bit over $100,000 would have been mine. I never took that, and could not have "Stolen" it.
I don't see the point in getting super technical on everything by going through how, but the number also probably wasn't $180,000. I think this was an overestimate made in a throw away comment by my co-founder (We'll call her 'M') who was (Justifiably) extremely angry at me at the time she came up with the number and added it in a post (Of this multi paragraph post, this one line and one number was taken - if memory servers, all context was left out when the blogger cited this as stolen. Which would make sense. The post was berating me for losing the money. That didn't fit the narrative.

What Backs the Story?

Of all of the claims of wrongdoing (Apart from the fine, which is documented and true) - there is no evidence proposed for any of the claims made. All of it hinges on a story told to the blogger by one person, who was another of my co-founders 'We'll call her 'E'. E was either a late teenager or very early 20s at the time.
In the founding of 5, E was essential. Before 5 I'd been running a service selling trading signals and selling them at $5 a week subscription. I was generating a lot of business (Working all day, every day and having fun with it. Like I did here for a while, but at that time I really was marketing). 5 - 10 people a day could be signing up.
I knew nothing at all about how to structure an online business. No listing of new clients to send emails. Nothing about making membership sites with password access etc. I was working off a Wix site I made myself with no on-boarding system in place. The volume of people joining was crushing me. I could not process them and was getting a lot of PayPal disputes.
I wanted to send them the stuff. Just did not have the process to ensure this was being done. E stepped in and saved me on that. She made original 5 website (On Wordpress, I believe it was later upgraded to something else). Set up memberships payments. Automated listing. Also she suggested changing the name to what the company became. E made the work I was doing work.
After that, she had varying performance. Her gripe in the blog is she was not paid for helping to found the company. Left out of this is the fact she was not paid because she was head of marketing and we were not getting enough clients. Almost all of them coming from me hitting the DMs and signing people up the old fashioned way.
On results of trading, everything was going well (and this was my area). Things were going so well people legit through it must be a ponzi! But we did not have in-flow of clients. On this I again blame myself. I sort of assumed this would all work itself out and did not put focus on fixing problems before they became problems.
There was a lot of pressure on everyone. E got into a new romantic relationship. I think she was heavily influenced by this person (I found E to be good hearted on the whole). E and M started to get along less and less. Then E and M seemed to hate each other. It all seemed to come from nowhere, but it quickly got to the point me and M felt it was not working with E, and she thought the same.
Pretty much everything is based upon the story told to the blogger by E. As I've said before I found her to be a good heart overall and believe she was influenced into doing what she did, and would not have done it on her own gumption. Therefore I won't rip into her; but if you're reading, 'E' (Won't be lol) - that was a bit naughty, wasn't it? Little 'Economic with the truth'.

Why would the blogger post such big claims with no evidence?

People should ask themselves this on the first read through of the blog, to be fair. If you're a single source reporting on a story - tell how you know it's true. I think this mainly came down to revenge. After the ponzi thing I wrote blog line by line ripping the initial blog to bits. It was written in a very cheeky sort of tone, and what I was saying was right.
He then played, "My blog's bigger than your blog" , on which he was right.

If you think there is some smoking gun here in any way, just email the blogger and ask them how they know. What evidence were they ever given any money was stolen. There was none.

Money taken from the company:

In it's sad and drawn out end, cash on hand and assets within the company got down to around $10,000 and we were due out over 10* this to clients who I wanted to pay back. I was not bringing in new business (It seemed unethical to do until I fixed old problems - this was a miscalculation. No business was the big problem) and there was the 50K fine.
The company was essentially bankrupt. I wanted to use the remaining 10K to have one last ditch effort to re-coup losses, or randomly select clients to pay the 10K to. M didn't. At this time we fell out (Forever). I have no idea what happened to that 10K. I think M probably kept it. At the time I was livid about that - but to be honest, after all the work she did she deserved something. Losing was not her fault. To 'M' if you're reading (Won't be), I'm sorry.

What went wrong?


I was not good enough. When I got ahead I thought I was coasting. I came from a background of having nothing and as soon as I started to make a few grand I assumed I was gliding to being a millionaire. I stopped learning. Stopped improving. I never watered what I planted, and it withered and died.
I fail. Turns out you can not coast up a learning curve without ending up on your arse.
submitted by 2020sbear to u/2020sbear [link] [comments]

Rules for Trading Forex

Forex markets can be volatile and uncertain at the best of times, and inexperienced traders can easily end up chasing their losses. Yet it is precisely this volatility that gives you the potential for major profits. These 10 rules of forex trading may give you the best chance of landing on the winning side. Please remember, however, that trading carries a high level of risk to your capital, and profit is not guaranteed. Over 95% of all new individuals lose all their capital in the first month of trading forex

1. Avoid forex trading software that claims to guarantee returns

While you’re on the hunt for forex trading software, be sure that you’re not taken in by promises of guaranteed returns. There is no forex trading software that can assure you of winning trades. If there was, why would anyone sell it?

2. Always use a demo trading account

We’ve all heard that practice makes perfect, and it’s true. A demo trading account can help you improve your trading skills with virtual trades in real markets. Once you’re skilled at demo trading, you can switch over to real-money forex trading. And even once you’re using a live account, you may still want to use your demo account to try out new forex trading strategies. Of course, you should always remember that your performance on a demo account may not be replicated in a live trading account.

3. Forex trading can be highly stressful – avoid emotional trading

Whenever real money is changing hands, the risk of loss is ever-present. Therefore you should base your trades on considered tactics and strategies. To avoid being led by your emotions stay focused on technical and fundamental factors and market news at all times.

4. Invest in a solid forex education

Knowledge is power – we all know that. Ensure that your forex provider gives you access to tutorials, webinars, expert financial analysis and commentary, an economic calendar, graphs and charts, and even forex trading signals. All of these tools will work to improve your trading performance. The ultimate goal is to generate greater profits than losses over time, even if you have less winning trades than losing trades.

5. You can learn to trade forex successfully

No forex trading system guarantees success (see rule 1) but some may be used as reliable guides. If you learn from the experience of successful forex strategists, your likelihood of success is far greater. But remember, when judging the results of any system or any expert, that past performance is not a reliable indicator of future results.

6. Manage your forex capital wisely

The forex markets can change on a dime, as currency markets are often characterized by high volatility. If you have generated winning trades, be sure to manage your profits. Use stop-loss and limit orders, closeout positions, and hedge your exposure to the best of your ability. Be sure that you are in control of your capital at all times.

7. Manage your investment-per-trade wisely

This is one of the most crucial aspects of forex trading. Many traders fail to heed this important advice: Don't trade more than one currency at a time. Doing so puts you at a significant risk of loss. If you spread your investments over a wide number of trades, you limit your overall losses by not putting all your proverbial eggs into one basket!

8. Use common sense

If you know you’re trading a strong currency against a weak currency, chances are the strong currency will dominate. We are going through a period now where USD is a strong global currency. With a Fed rate hike looming, you may want to back USD against emerging-market currencies. Use your common sense when judging the effect of current and upcoming events.

9. Ensure you use risk protection strategies at all times

Risk protection varies from one trader to the next. However, you can limit your risk by managing your capital wisely, limiting the amount you trade per position, using forex trading signals, trading with greater knowledge, hedging your trades, and using specific technical strategies. Your key risk protection tool is always your stop-loss order. Remember, however, that stop-losses are not guaranteed and you can lose more than your initial deposit.

10. Be especially cautious about overextending yourself with leverage

Leverage allows you to increase the size of trade you can control with your investment capital. It magnifies your profits but it can also magnify your losses. Be sure to limit the leverage you use so you don’t get into serious financial trouble.

The bottom line

By following these 10 golden rules to forex trading, you should find yourself in a much better position over the long term. Your focus should always be on trading currency pairs that you understand, in a way that does not expose you to too much risk. Read up about market conditions likely to impact upon the currencies you’re trading, limit your leverage to an affordable amount, and use a demo trading account to understand the market dynamics.
submitted by ShelSingh to u/ShelSingh [link] [comments]

on the fakeness of the internet

funny to see that subject pop up again. it was what drove me insane enough to find this sub in the first place.
at any rate, the problem is not the bots. I thought it was, but those are just part of the parasitic ecosystem.
but to get that, first we need to take a few steps back on web history, ad serving, UX, tracking technology and media advertising.
too lazy to gather links, but you know, do your googlin'.
I assume that most of you are fairly web literate here, but I'll try to go down into the bare bones as much as possible for those who aren't.
so let's start with a basic question - what is a web visitor anyway?
from the standpoint of a normal person, that would be a person browsing a given website or piece of content. from the standpoint of technology however all you know is that some device has downloaded content from your server using the http protocol. thanks to the wonderful technology of web browsers, you can plant browser cookies on a visitor - stuff that's used to remember if they logged in, what their preferences are, stuff that your service can read from the device. it also serves usually very basic telemetry like last visit time, session time, and so on.
this, over time has evolved in what we call browser fingerprinting, a convoluted bunch of technology that allows websites and web services to uniquely identify you.
it still doesn't know if you're a human or not, but from the standpoint of the web technology, you're a visitor.
now back in ye old days of the web, when the first banner ads were springing up, these were important questions. most consumers were still to be reached on traditional media channels, and ad spend would have to be justified somehow on the risky ventures of online business. so beyond traditional polls that would infer the value of visitors, websites would start tracking number of visitors, time on page and so on. these were used to milk the advertising cow so to speak, and it gave in to some funny developments like the creation of the popup ad - if I recon correctly on geocities, where they would just but the ads everywhere until some big auto company noticed that they're appearing on porn sites. so - put the ad in the popup, and you can claim it's not in the context of porn!
around this point in time the online ad business is still pretty low tech. you actually have to call a physical human being, they send you ppts and pdfs, you send back image files and excel sheets, you wire money, the ads run, and so on. this is called direct sales, and it's tracked again by counting a bunch of visitors, and telling you how much impressions and clicks your marvelous creatives and ad budget generated.
now enter google - or more precisely, a technology firm called doubleclick that was to be acquired by google. they developed a tool for automatic ad serving, later to be called programmatic advertising, that keeps the pesky sales dude out of the loop and achieves reasonable amounts of scale for a more hefty price - after all, if the sales are automated, you get a bidding war for attention between different advertisers, and you're paying for clicks.
so you can see how this was a strategic move for google - they already had the most valuable data available in this situation. they were seeing in real time what people were searching for, and using the programmatic ad serving system, you could effectively bid not just for general attention - but for attention with an intent to buy.
...and the way that google got this data is because they indexed the web, using bots. at least GoogleBot would identify itself as a site visitor, but in the meantime they developed a service for websites to comprehensively track their own visitors and where they were coming from and what they were doing on your website. incidentally, you could also put on google's ads on your webpage to earn quite a bit of money, as content relevant ads would be shown through the doubleclick system.
this kicked off two things:
one, the ability to classify your website visitors into different clusters and segments allowed businesses to start tailoring the appearance of the website or service to fit that specific audience segment, starting off the great fracture - segmentation of the web (in the sense that two people viewing the same website at the same time were not seeing the same thing)
two, it created a very strong financial incentive for people to trick google into thinking they were having actual human visitors that would click on ads, when in fact they were bots. in an even funnier twist, some of them were from browser hijackers, commonly known as malware at the time, which google cross-financed. look up download valley and crossrider.
at the cross section of the above two, you had one interesting twist: websites that would appear differently to the security bots or the compliance officers of Google as they would to fake visitors or malware jacked human beings. the former would get a benign looking website, while the latter would get bombarded with auto clicking ads.
this kicked off the billion dollar arms race called online advertising fraud.
I'm not here to shed a tear for big money corps bleeding money. the real fallout lay somewhere else, but for that you have to understand that you never really saw the real internet, you only saw your corner and the one that was personalized for you.
but if you ever had the pleasure of watching daytime TVs or off channels and witnessing the ads, you could kind of infer what kind of audience must be watching these shows generally. from quite clear rip offs to magic number lotteries and television fortune telling, these sorts of programming was aimed at the most gullible, bought for pennies, where the smallest audience portion had to be converted into a money making operation.
...and with audience segmentation and data gathering, that was now possible at unprecedented scale, automatically. so big was the scale in fact, that it gave birth to an entire new beast of an industry called affiliate marketing, where instead of a regular payroll, you'd get a cut of the sale should you figure out an angle on where to push whatever fucking bullshit the vendors were offering to whoever the fuck would be dumb enough to click on an ad and buy. (the funniest story I recall was someone pulling five figures a month because he figured out that if you buy ads on anime-hentai pages and sell PUA shit courses and e-books you'd make a killing)
at any rate, affiliate marketing brought with it the killer landing page, the thing that's supposed to hammer the nail in the coffin once you get through the banner ad. the earliest form of deceptiveness in memory comes from various pirate sites, that had fake download buttons as banner ads and virus alerts as the landing pages. but then at some point, some schmuck realized that for certain type of products, like diet pills or forex trading or whatever, the best lander is in fact a fake news page that comes packed with comments and all. that would convert like crazy, because it had the appearance of social proof.
until at least the lawsuits came raining down, and these sorts of landing pages and campaigns for being banned left right and centre on all platforms. which just launched a new arms race as the campaigns would be disguised for the bots doing the checkups, and aged facebook profiles would start selling for like 5K USD - these people were making 30-40k a day, they could afford to spend that much to continue running the shop.
speaking of facebook - it came just about the right time for the shit to brew max total. first they were unprecedented in the amount of data they were getting off of their users, and they came just in time to catch the full swing of what we call the 'responsive web' - that no user at the same time would see the same thing on their page, it was all allocated through an intricate web of recommendations, running real time, based on previously gathered and forecast behavioral data.
it also ran on one simple premise: take over the starting page position from google for most people, then they do not have to justify, ever, any ad spend that takes place on their platform, as long as it performs. furthermore, it was completely lacking any revenue share sort of scheme (save for the short period of facebook gaming, see Zynga), thus there was no incentive for the amount of bot traffic that the previous internet era had bred. instead, it came with an entirely different one - bots that would offer social proof in the way of shares and likes, but would not directly risk the business model, thus giving no incentive for facebook to fight them. (note that google didn't do much jack shit either besides indiscriminately penalizing websites it deemed suspicious when they reached critical payout thresholds)
the rest of the story you kind of sort of know. how the obama campaign was brilliant in using the new social media to inspire hope and blah blah blah, kicking the door open for big money politics who could hire the best snake oil salesmen in the market, who had the data and as you can see from the above, had the ethical standards of a shoe. at around 2014-2015 the press (the mainstream media) started to raise question about the duopoly, the buzzword of filter bubbles started appearing, not entirely unrelated to the fact that facebook by this time cannibalized their traffic with a fucking embedded share / like button and started charging money for them to reach their own audience. after 2016 the cries of fake news were everywhere, because there was no online space left which everyone was viewing the same way, and you had no way to verify what the person next to you was looking at.
since then, we've all become grandpa yelling at the television set, with nobody around us seeing what we're seeing on the screen, so we're being accused as bots and looking for bots under the carpet.
but it's been a long way coming, and the bots are honestly the least of our worries. trust me, I went bankrupt over that one. truth or fake doesn't even begin to describe the magnitude of the problem: more like we entered the phase where every word, event or picture is defined by who ever the fuck wins the auction over it, as the marketers of human attention grind the gears of the money mill without even understanding how fast they're digging towards hell.
don't believe me? look around the marketing and advertising related subs these days. the priests are eating the indulgences, and we're only now entering the period of deep fakes, good algo generated audio and good enough NLP. and in the meantime, the shadowrunners running up between two corp headquarter-highrises are skinning your belief systems.
so the best you can do is really, not litter the remnants of cyberspace which are not being mined, astroturfed or being pulled apart by the algos. no human connections on a nuclear trash heap mate.
submitted by gergo_v to sorceryofthespectacle [link] [comments]

Rules for Trading Forex

Rules for Trading Forex

Forex markets can be volatile and uncertain at the best of times, and inexperienced traders can easily end up chasing their losses. Yet it is precisely this volatility that gives you the potential for major profits. These 10 rules of forex trading may give you the best chance of landing on the winning side. Please remember, however, that trading carries a high level of risk to your capital, and profit is not guaranteed. Over 95% of all new individuals lose all their capital in the first month of trading forex
  1. Avoid forex trading software that claims to guarantee returns
While you’re on the hunt for forex trading software, be sure that you’re not taken in by promises of guaranteed returns. There is no forex trading software that can assure you of winning trades. If there was, why would anyone sell it?
  1. Always use a demo trading account
We’ve all heard that practice makes perfect, and it’s true. A demo trading account can help you improve your trading skills with virtual trades in real markets. Once you’re skilled at demo trading, you can switch over to real-money forex trading. And even once you’re using a live account, you may still want to use your demo account to try out new forex trading strategies. Of course, you should always remember that your performance on a demo account may not be replicated in a live trading account.
  1. Forex trading can be highly stressful – avoid emotional trading
Whenever real money is changing hands, the risk of loss is ever-present. Therefore you should base your trades on considered tactics and strategies. To avoid being led by your emotions stay focused on technical and fundamental factors and market news at all times.
  1. Invest in a solid forex education
Knowledge is power – we all know that. Ensure that your forex provider gives you access to tutorials, webinars, expert financial analysis and commentary, an economic calendar, graphs and charts, and even forex trading signals. All of these tools will work to improve your trading performance. The ultimate goal is to generate greater profits than losses over time, even if you have less winning trades than losing trades.
  1. You can learn to trade forex successfully
No forex trading system guarantees success (see rule 1) but some may be used as reliable guides. If you learn from the experience of successful forex strategists, your likelihood of success is far greater. But remember, when judging the results of any system or any expert, that past performance is not a reliable indicator of future results.
  1. Manage your forex capital wisely
The forex markets can change on a dime, as currency markets are often characterized by high volatility. If you have generated winning trades, be sure to manage your profits. Use stop-loss and limit orders, closeout positions, and hedge your exposure to the best of your ability. Be sure that you are in control of your capital at all times.
  1. Manage your investment-per-trade wisely
This is one of the most crucial aspects of forex trading. Many traders fail to heed this important advice: Don't trade more than one currency at a time. Doing so puts you at a significant risk of loss. If you spread your investments over a wide number of trades, you limit your overall losses by not putting all your proverbial eggs into one basket!
  1. Use common sense
If you know you’re trading a strong currency against a weak currency, chances are the strong currency will dominate. We are going through a period now where USD is a strong global currency. With a Fed rate hike looming, you may want to back USD against emerging-market currencies. Use your common sense when judging the effect of current and upcoming events.
  1. Ensure you use risk protection strategies at all times
Risk protection varies from one trader to the next. However, you can limit your risk by managing your capital wisely, limiting the amount you trade per position, using forex trading signals, trading with greater knowledge, hedging your trades, and using specific technical strategies. Your key risk protection tool is always your stop-loss order. Remember, however, that stop-losses are not guaranteed and you can lose more than your initial deposit.
  1. Be especially cautious about overextending yourself with leverage
Leverage allows you to increase the size of trade you can control with your investment capital. It magnifies your profits but it can also magnify your losses. Be sure to limit the leverage you use so you don’t get into serious financial trouble.
The bottom line
By following these 10 golden rules to forex trading, you should find yourself in a much better position over the long term. Your focus should always be on trading currency pairs that you understand, in a way that does not expose you to too much risk. Read up about market conditions likely to impact upon the currencies you’re trading, limit your leverage to an affordable amount, and use a demo trading account to understand the market dynamics.
submitted by ShelSingh to FxKings [link] [comments]

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