- Jan 2019
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www.at-the-intersection.com www.at-the-intersection.comlogan.pdf188
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o leaving a a longer a trade history on there would be useful is what attracts.
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I mean it's just a pain to go in and I'm used to it now, but to go in on, you know, the different exchanges and each one has, has to be input different whether it's be typed in manually, whether you have to switch back and forth to look at the order book and Gemini or where you can copy and paste from below in Bittrex
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hey have those auto ones where you've got to sit in there and manually type in however many digits. One of the other things that bothers me about Binance is they don't allow you to copy and paste a number because a lot of times like say for instance in Bittrex, and I'll get to them in a moment, is that they, uh, allow you to basically look down sell and ether and I can look down at the bottom of the previous trades and I can just select that revenue from the old trade in bitcoin and just copy and paste that straight into the buy side and then buy back, you know, ether, uh, hopefully one point, oh, something or one point something
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Yeah. Are you guys going to have a feature to put like a watch list or something? I think that might be something that would be a pretty useful on both the APP and, and uh, your website because if you, since you do have the coin market cap style, um, market page you guys had, since you guys are accessing more coins than what I would think trading view has, then that could solve one of the phone issues where like I said, I'm using two apps now trading view and bloc folio and I don't like block folio, but like I said, they had some of the coins
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So I'd rather have, you know, five of these tabs open with the order book and trade history for something that I'm, uh, watching imminently than just have the chart open on one page and then the exchange with the order book, trade history on, on another tab. You know what I mean?
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I do like the idea of having it all in one place, but I would still be opening other tabs
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awesome. Maybe like 100 trades back or something because I've run into that same issue on some of the other sites. Even the exchanges themselves, despite being bittrex being such a shitty place to trade, they actually do a good job of leaving, you know, 10 pages of 10 trades each or something on there for you to look. Which is nice because I do find a lot of people or an algorithm will place a really big sell order and an immediate buy right after, at the previous limit. Um, say a sell order for 100 coins and then a one person, one percent of one coin. Or point 01 at the buy order back. So it gets hidden and the candles may show up green. But if you're not looking at the order book, you're going to miss that.
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Um, the one thing I did want to see some more of is like under your portfolio, uh, when you're going through the, you know, the rebalancing, the correlation and the optimization, um, would just be some more information about, okay, here's how we did, um, are efficient frontier. Like here's the calculation we used. I know it's one basic calculation, but there are different parameters that people can use in them based on the risk above. So just having more general research on there, just saying, or maybe a link to another page that explains like, here's the calculations that we're using. Here's the portfolio theory, with the correlation index, you know, so setting that up, just showing people some math behind it.
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The only one little personal issue and this could just be me not anyone else's did the damn alarm system on trading view, just not a fan of. But everything else is great.
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ike I said, using the trading view chart is the best thing that you guys could have done. It's not, you know, like I said, don't, don't reinvent the wheel. It's already perfectly round. This one works great.
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e website. One thing I do love that you guys have the trading view doesn't have or doesn't have a good layout for in the charting, well it's still, it's still coming soon, but the order book and the trade history are really important to me.
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but the order book and the trade history are really important to me.
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No, I started the research, read a little bit about algorithmic trading in looking at different strategies, but I have not developed anything. Just just been researching, reading more about how people do..what Indicators, you know, people are using. Although most of the research I've been doing and one of the books I read was on the equities or algorithms, but they're all based technically so you can interchange markets within them. You just have to tweak whatever your strategy is to match what, what particular market
talking about algorithms
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The goal is just to accumulate, accumulate, accumulate, and then the next cycle, you know, I'll have some fuel to trade back to btc because the end goal of the game is always collect as much bitcoin as possible.
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Um, so, but the other way is, you know, when, when they do make these transactions, they're all recorded on the exchanges that you, I moved those, that data to a spreadsheet and that's where I do the tax tracking.
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So the changing of the rules is, is kind of screwing with it, but I track it on a coin base and then I look at, you know, at the end of the month or end of the quarter or something, Say I traded a hell of lumen and I made a killing on lumen
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t like I said I just take position 1 at a time. Today every position i'm trading is relatively sideways. I have a holistic view because i'm looking at it 40 times a day.
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Um, you know, it's not necessarily trading on them, but indicators are just a good way to reassure what you're seeing in price action is, is uh, a good confirmation of what you're seeing in price action and what you're missing and price action.
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So I kinda took their strategy of hey buy the market and just sit on it for forever reinvest your dividends.
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Monthly to quarterly. Um, I don't really reallocate them. Like I said, it's kind of a long, long strategy.
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So it's part of my strategy. So I'm not trying to concern myself with the day to day price of where the overall thing is going. I'm more concerned with how do I capture more of this market move and just increase position.
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e benefit. Like I don't have any benefit in blocfolio, like sharing my position size and i know what my position size is, i look at it 10 times a day. I don't see any need for me to put it into blocfolio. I'm mostly concerned with just price data.
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Same with trading view. I'm okay with not trading through there. I'd rather not trade through a third party if I can trade directly on the exchange. It just mitigates risks from a trading side.
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I mean they only had two when I joined Ether and Bitcoin, but they were pretty selective compared to a lot of exchanges and I heard some good things from other friends who had been using it. So I trusted that.
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Gemini was easy when I first got into Crypto. Any cash you have in there has FDIC insurance up to 250. No other exchanges were providing that. I also noticed they were pretty selective about which currencies they put on there.
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It just more of a confirmation tool like everyone's talking about buying Tron and now it's going to $5 and it's like, no, it's not going to $5, its time to get out.
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So it's not to say I don't read them, but it's not necessarily something that I trade on some other guy's opinion.
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Kind of the technical philosophy is everything that happens in the market is captured in the data and so any headline moves will be captured pretty much instantaneously or in a few minutes in the charts.
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when I get up in the morning, I'm looking at my phone. I'm mostly just taking a quick glance at percentage moves. I want to say hey, something new, five or more percent or you know, whatever my threshold may be proved coin or maybe I'm, I something that I traded the night before. Maybe I, I'm looking at that specific price for first thing, like is it time to buy or is it time to sell more?
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Checking the markets constantly. The most active trades are early in the morning or later in the afternoon.
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The other big issue is the fact that they're changing trading taxes on it. So now it's a fifo system for last year versus you could do like kind exchange in the year before. And so I'm keeping track bringing over those original cost basis is from the last, previous year to the new year is just so much easier on an excel sheet. I'm very transparent. It's, it's a pain in the ass and I hate to do it simply will not trust a one of those websites. I mean there's too much variance in literally I put a put tried two different websites.
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Basically, I will definitely take a look at the total market cast, um, and the alt coin market cap. So I go to queen signals.trade, which is a neat little tool. And uh, they basically pull data from coin market cap. So I think it's the only site I know of where you can look at the total market cap.
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well, I was thinking like you're talking about sentiment. Is there some type of sentiment tracker? I mean, I don't know. I'm sure that's super difficult technically to do, but that would intrigue people.
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And of course bitcoin is still number one that coined it has the best blockchain. Never any downtime survive for 10 years. Everything is going well. That means a lot. And I think a lot of the smart traders know that and investors know that. MMM.
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nd we've seen a certain number of coins persist and survive over the years over multiple market cycles. We've seen ripple, bitcoin, ethereum, Bitcoin, I don't know, maybe not cash, but anyway, the ones that have been around for a long time are there. They're underpaying. Their technology is good. The there blockchains have been continuing without hiccups for a long time.
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And I realize that late. Um, but I still did get out at a reasonably okay time because I really like all my friends.Derek:00:59:32 I really use what my friends are saying on crypto
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Huge. And I think that actually, yeah, huge on the, on the macro scale I would say. I mean, bitcoin is like, is just like so much sentiment based.
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I would say definitely try as much as possible now not to care about the headlines and just not caring at all. Only care about
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and I will be curious to see how I will, my trading style, we'll adapt and I think it will have to be more swing term
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Like I'm definitely, sometimes I'm obsessing over the ticks if I think this is a really important zone, but then sometimes I step step back and clear my head and I gain a lot of clarity from that. So I'm kind of in like an in between phase where it's also as a full time trader. I literally have all day I can do, I literally have the luxury of just watching every tick and putting in that screen time
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ah, and I've heard from a lot of traders, like it definitely is an evolving process.
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So I followed that. I followed this one trader. He has 100,000 followers on twitter. He's just scalper uh, margin trader on Big Phoenix. Amazing. Gives amazing videos. Incredible. Uh, I follow him a lot. Um, I guess my style would be most closely to his, I think then definitely Rsi.
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But also up there is a horizontal support resistance lines. So that's huge for me. Um, classical charting patterns, you know, you're a rising ledge, falling with head and shoulders, et Cetera, are huge.
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Yeah, so I do not have a background in coding, uh, and on on trading view, they have like a social, I really like their community. It's definitely a big community of like higher tier
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but I do you script on trading view. So treating you is great. Not only for the charts, but they also have an idea section and a script section.
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no, you know, that is kind of the holy grail for every retail trader.
trading algorithms
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The mechanical execution is on the websites themselves, so bitfinex finance Gemini.
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And I feel like there's just not that much literature in general in this space because it's just such a new space.
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I'm also trying to start writing this book about crypto trading. I'm trying to market it, or the intended audience is intermediate to advanced traitors because I feel like there's not a lot of literature out there for that. It's mostly like bitcoin for dummies, bitcoin trading one on one. It's going to be beginning or stuff. And I only know of one book that's for intermediate to advanced and that's an old coins, an old coin traders handbook.
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eetups. I'm trying to really go to meetups and meet other people and I feel like during the bear market, the quality of the meetups really increases because the people that are actually really interested not just for the price before everything else are showing up.
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But then on finance where I'm seeing a rare opportunity with an old coin and I'm much more finicky and flaky with all coins because I know they can crash fast, I'll be in it like either Internet, yeah. In and out, like at least three times a week depending much more active in.
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Yeah, uh, I would say for reallocating, I'm, yeah. So I would say on Gemini I do Bitcoin, ethereum, and that's kind of like the longer term things.
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factors. Number one is like where, where the trader is at in their life. For me, this is what I'm doing full time. I don't have like a real income stream coming in, so I'm living off my savings.
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number two, if I see a huge opportunity in the market and I believe it's really about them, uh, then I would go in at risk.
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I have all my crypto crypto accounts now, it was mostly US dollars. So it's that there's no, I don't need to deposit any more money. I'm just playing with the money I hav
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MMM, it's actually the reverse now withdrawals. Um, yeah, I haven't deposited anything since like 2017. Yeah
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So I, you know, putting my coins on the exchange is risky enough. I don't want to increase that by expanding the scope of access
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no, and I was talking to her at the meetup and find it very useful to see all my accounts on these three exchanges on one screen. I don't want to have to log in to each one separately and keep track of how much coins I have on each. I would rather see this on one screen every morning. I pull up the screen easy to see. I don't necessarily need to trade from that screen, but I can just an idea of what holdings I have because I'm constantly rebalancing.
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Yeah, because Gemini trusted US dollar exchange. It's actually one of the only ones regulated and licensed by the state of New York, which has some of the strictest regulations in the world.
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So that's what I, that's why I had many exchanges, but then it became a hassle to manage and like anyway, I profited off that that was good. But in 2018 when it, when it became a bear market, that same strategy didn't work. And just because there was just the overabundance of coins, new coins, and they weren't blowing up like they used to. So I was like, why am I keeping all of this bitcoin scattered across diff or ether or rather scattered across different exchanges?
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Twitter is my go to and people post a news articles from like ccn from what does it coined, ask a bunch of these crypto news things and they're great. Uh, you know, I take them with a grain of salt because whatever, there's a lot of like fake news.
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Yeah, I mean I get a daily email to my email called, what is it called? It's, I think it's called the unbanked you NBA Ntd and yeah, it is. And basically it's just like a rundown of like daily crypto news and I just kind of scroll through and just quickly if there's anything important I'll just dig deeper, but I just got a quick cursory overview of market news
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100%. I mean, I uh, had light, I don't even remember exactly, but like 10,000 trees or something for 2018 I think. And same for 2017 like it's impossible for me to do it by hand
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Uh, yes. Okay. Yeah. Yeah. But as far as I understand it, it's read only so they can't do any trading on my behalf.
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Yeah. Use this tax software called Queen tracking tracking. I haven't been there in awhile, but that's how my to do list. But yeah, I basically, this is what I allow the API keys to get. They, they do read only and they allow them API act, read access to all my exchanges
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o I can't be pulling up my internet browser on my phone and loading the desktop version and some of these charts or some of these apps I need the mobile.
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During the night they did a stop run and just sniped me and then I'm out and I wake up and I should be in profit, but I'm not. And it's something I would've seen if I was awake. Um, but that's a huge limiting factor. Um, well, I mean, when I'm out with friends, I want some mobile app because you need that like access on the go. If you are a full time serious trader, you know, holding on kind of, it's a marathon and you're always on.
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But you know, this is a 24 seven market, so you do kind of have to be on all the time.
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I don't, I don't believe anything crazy is going on. So I'm just kind of every once in awhile looking or setting, keeping my alerts on that alert me.
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Okay. Yeah. I mean it all kind of depends on if, I think it's like a pivotal point in the, in the market where like I need to act. Um, because I typically during those times where it's like, wow, this is make it or break it. If we tip over this resistance line, it's farish if we bounce off, it is bullish. During those times I'm really glued to the screen and like actually looking at every tech and reading the level two in the order book and just trying to understand the push and pull of the market forces.
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I'm trading these who has these like how to videos, video tutorials and they really go in to the nitty gritty. I think they also have like a Wiki fac or like a wiki tutorial that is just like a whole encyclopedia of trading view and have every indicator you want, you click it and it expands and you can read about everything
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Yeah, I mean, it really, it when I use the most trading view is 100% open all the time. So important
b/c of charts
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but I want to look at it from different perspectives from the Elliott wave theory, from many different perspectives so I can save different charts based on those perspectives.
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on me. At first it seemed clunky and slow, but now I understand like it's just very like logical, uh, from like a Ux perspective.
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But I also, sorry, I also saved the individual coins. I save separate charts of them as well when I want to go dig deeper in it.
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So essentially like in the morning when I wake up, I want to look at the top at the top coins because I'm mostly trade the top coins because they have the most liquidity.
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So essentially like in the morning when I wake up
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Uh, also treating, you seem to have this multi charts optionality option where you can show hr it's four to a whatever charts on one screen. They, um, they have seem to have like more advanced tools. I would say like now that I'm better at a ta and I know it more, I can, I have access to more options. MMM. They also show, I don't think when did she does this, but I know trading view shows, uh, equities and for acts and commodities. Like, sometimes I just want to pull up the chart and just see what it looks like.
Once he understood technical analysis, he was able to appreciate the multi-chart tools on trading view
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Sure. If I have a lot of tabs open, sometimes trading the crash, but otherwise it's perfectly great.
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books. You know, I don't know if it's the Mac interface thing, but it's very buggy.
coinagy is buggy compared to trading view
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Um, yeah, it was definitely a on twitter before I really understood what ta was. And I would see people post all these charts and I would always just be taking their word for it. And you know, people post different types of charts and different layouts.
discovered coinagy through social media
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I just chose it and I paid and it was only like, I want to say like 30 bucks a month maybe. I Dunno. And that was also during the bull run when I had a lot more crypto money and I was just like, whatever. I'll buy it invested in my, uh, in my education and tools.
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Okay. Yeah. I would say the, I'm not a super technical engineering person, but they would have to give some arguments or get give in their marketing, whatever it is. They'd have to prove to me, give me a good idea that they've thought of every attack, route, attack, attack vector and this safe. And unless someone comes into your house and logs on your laptop and steals your whatever key, it's going to be safe.
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I'm scared. I don't really spend enough time thinking about it, but it's something like in the far future I might do if someone comes up with some solution and they give a good reason why it's good, you know, maybe I'll use it, but I haven't seen anything.
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Like I dunno, I would sometimes prefer to have some type of automatic initiation process and enter trades, but I don't know of anything that's safe and I haven't really thought about it that much
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and I'll be manually inputting them. And that is annoying and I haven't really tackled that
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So he basically manipulated the market on a really illiquid coin via the Api keys and essentially he, and he then withdrew his own bitcoin.
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Um, I do not ever a guarantee, uh, allow access to any of these programs to do my trading via Api keys. I've just read too many bad things.
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Yeah, so I, for I first started with trading you and I pull up a trading. You have this option where you can split up the, uh, you can have one screen yet show eight different charts.
trading view*
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Uh, but definitely on the, on the daily, it's always the chart. The chart is number one. Price action is the number one thing.
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Uh, I'm on definitely on twitter, all scrolling through and guys and people post interesting theories.
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Uh, I definitely have some other, you know, mostly it's mostly I use ta very, very ta heavy. Um, I will, but I'll always keep the fundamentals in mind, especially for the medium to long term.
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I'll take a look at the volume. Uh, I try to just keep the volume in mind and see how that changes
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Um, yeah, definitely go to the home page of coin market cap. I'll take a look at the, they have like a seven day graph chart.
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And so I basically, this trade has been, I've been following this chart very closely. I shorted around one 50, made a good, good profit off that and then kind of did initiated a very short, long because there's a descending triangle and I'm very close to that base kind of same concept as bitcoin. Just looking at the triangle.
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basically use different charts, uh, for the same pairing because I want, you know, I want to look at it using elliot wave theory, then also using horizontal price levels.
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l, yeah, so I basically had been following the big coin chart very closely and uh, I have, I use trading view, I use to map out the trades.
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I would say intermediate.
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ould be beginner, novice, intermediate, some other type of intermediate higher, and then maybe maybe advanced.
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Yes, I've been like quote, trading stocks, essentially stock picking since like I was 15
80% crypto, 20% equities
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it just seemed to be that in the summer I like realize okay, I really have to like be in one place and sit down and focus and read and like I have to get better if I really want to be like a, an adept trader. S
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Yes. Experience is so much people, I talk to people now, people at varying skill levels with various experience and crypto and they, a lot of them are just saying like, they're just losing interest at these prices and this is exactly what was happening when I went through in 2011, 2014.
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say like, I feel like I've seen experienced the macro cycle trends in crypto. I was too young and inexperienced, really understand what was going on then with the, with the tops and the bottoms. But I feel like that is a great, uh, a perspective that I had and uh, I feel like I can better understand the market cycle emotions and to see where we are now
profile
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So I'm able to just monitor my stuff more easily because it's just individualized trades.
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I really try to focus on technicals cause I mean, yeah, the technicals is, is supposed to be representative, at least from an historical standpoint of the sentiment, right? Like if it's, if it's losing, if people are losing faith in it, then you'll probably see where did it go down? You'll see the price get affected by it. Um, and I tried to just trade on that. I try to minimize my sources all over the place.
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If I, if I enter an individualized trade, I'll put my targets in there manually. Um, three commas does that as well because it allows you to put in your targets, which is great cause it, you know, it auto sells it for you and then you can go back and look at it.
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Uh, and then I will pull the trigger on a trade if it meets, you know, x number of indicators that justify me entering into a position that the cards are stacked in my favor. If I do not see, uh, uh, trade that meets the qualifications that I've kind of listed or if the overall market is not in a place where I think I'm comfortable entering into one, I don't need to trade that day. I'll start my day by looking at it to see if it makes sense to be looking to trade that day. But if I come to the conclusion that it doesn't make enough sense, I'll just stop looking at charts for the rest of the day and I won't, I
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Then once of use various tools to basically identify a potential trade, then I will basically figure out what the risk to reward is going to be for that trade.
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So that's going to involve looking at trading view to see how charts look from a weekly down to an hourly basis. And then I'm going to be looking at daily volume levels for Bitcoin to start.
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Uh, sure. So in simple terms, I focus on following a three steps. It's just planning, acting, and reviewing. So the first step is actually going through analyzing a potential trade or figuring out how the overall market is, I guess before I even look at doing individualized trades specific to crypto. So that's going to involve looking at trading view to see how charts look from a weekly down to an hourly basis. And then I'm going to be looking at daily volume levels for Bitcoin to start. And then if I'm looking at other cryptocurrencies, then I'll start to look at their volume as well to see if there's activity, if there's buying interest or selling interest in a specific asset, um, to just make sure the liquidity meets, um, my thresholds for wanting to get into a trade. Then once of use various tools to basically identify a potential trade, then I will basically figure out what the risk to reward is going to be for that trade.
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ut as far as like trading, you can't plug into, you know, APIs to be going trades a cryptocurrency exchanges
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I want to be informed if there's a massive increase in volume, which is why sometimes I'll use scanners and stuff like that.
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Um, uh, I haven't seen a ton of success where people wanna go after retail and institutional at the same time.
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say try to focus on something that's really gonna drive you away from the competition, that people need. Because like I pay for multiple tools.
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uh, Discord is the best and telegram. Those two. Sometimes people will do their own members area by using like click funnels or something like that. Discord is the easiest because you can separate channels. Um, and it's free. Uh telegram. I've like specific groups just because they've built in functionality that usually triggers by phone or at least more as from an notification standpoint. Where sometimes it gets lost in Discord
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I don't. Um, I would like to get to that point. I would argue that I'm still too much of a novice at this point to do that.
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market. I'm around for the purchase so it's usually at a price point where I can put it in the limit to just get it at the price immediately, or if I think it's going down or it'll eventually trigger it so I can capitalize on more fees that way. And then market, I'm just very comfortable
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In a perfect scenario I buy limit and sell
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gether or going back into, three commas and seeing what hit. Cause they track all that information and will tell you when it's sold, how much money you made, the bitcoin value and in USD and you'll be able to kind of see what levels of hit.
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Mostly with the shitty little Exce
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Well, it's a lot easier to manage my portfolio now because I'm mainly in cash (or cast) positions doing individualized trades. So my main outlook is nothing within crypto is worth holding during a bare market until we actually have a clear turning point by reaching specific price points that I've, um, you know, accepted as indicators that we're turning a corner. There's no reason to be holding a depreciating asset and assets a very loose term.
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That's my gateway between the crypto world and my bank accounts.
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I just don't like buying on there. So if I don't have to go into the application, i prefer not to. [inaudible] to Coinbase pro is also, it's poorly set up in my opinion. I don't know why i use it, but usually I'm just going in there to withdraw money.
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Coinagy I actually still usually prefer to use to buy on Bittrex because I'm usually signed into Coinagy for the simpllicity. And if I have money in multiple areas, I can do it all from one platform. And because I just, I hate Bittrex. They redid their entire platform. I think they dropped the ball
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Even though they've been having some issues in the last few weeks, um, to just get it at the price that I want immediately and then, because it's connected to my api in three commas.
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I go into Binance the most just because it's on
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Purchasing. And then once I've bought into an asset, I will establish all my sale targets and stops in three commas.
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Most of my buying will be done natively within whatever exchange
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, okay. They're mainly based in Russia though.
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Um, and their team is really easy to get in touch with as far as customer service issues.
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Um, three commas had been tested by another people that I guess I was kind of following the social proof justification that enough people were in it so that made me more confident in using it.
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Part of it might be ignorance to be honest. Um, for three commas for three commas specifically because the functionality that I was allowing, at least within the API key within binance was that they couldn't withdraw funds.
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The main one would be coinagy and three commas you have to use your API is for coinagy in order to do the trades.
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And as far as binance goes, they just have a track record, uh, where there was some type of hack to some degree.
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If something was to happen, I'm more comfortable having money on, uh, a US owned exchange.
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Uh, I have a lot of exchanges, but as the market stiped down, I only use coinbase pro, bitrix, and binance, uh, mainly because of the liquidity and safety.
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As far as like finding out informationon where like bitcoin or ethereum or anything like that, it's going, oh, I'll look at dates ahead of time to understand how some sort of effect it in the
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So depending on where you're trading, you could put more emphasis on where the other, when when you're doing fundamental analysis on a stock, there's a lot more information going into that, you know, potential company valuation. Um, whereas I would argue most cryptocurrencies heavily lack fundamentals at all.
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I personally try to trade based on technicals only. I'll read stuff for more general and for information. Um, but I guess the way I look at is like technical is this more short term? And fundamentals is more longterm.
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ns tax. Um, so I have a tax accountant that will help me and I think most of the exchanges have some type of data dump download. I'm not overly concerned with it. It might be a little messy, but I specifically moved here so I didn't have to overthink it. I know I don't have to pay any tax on it. So, um, okay. Yeah, that was my solution
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o I can set alerts on trend lines. I can set alerts on different indicators like, uh, the relative strength index or it doesn't really matter the indicator. You can, you can put an alert on it and that has way
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Um, and from a charting perspective it's better than coinagy because it allows you to put alerts on more things than just price action.
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Tradingview, I pay for because I want to have alerts on specific coins and you don't have the functionality and the free version.
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A lot of the tools I've been using the free versions because I haven't gotten to the point where, uh, I'm knowledgeable on how to maximize its value and therefore I don't pay for it because my knowledge is lacking.
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um, so crypto compare as it is a good place to find the volumes
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rrency. So you can know if like the Koreans are driving, you know, btc volume or if it's actually the uUS.
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Whereas three commas is more structured that if you wanted to exit a position it would do so, but it be a market order and the would obviously bring with it a larger fees.
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I'm most likely just in the finance application itself to make sure things execute quickly.
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Um, three commas does that as well because it allows you to put in your targets, which is great cause it, you know, it auto sells it for you and then you can go back and look at it.
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I'm not usually entering a trade that only has one sell target
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Um, okay. If I've entered in a trade, uh, after it hits, you know, either a target or a stop loss that at that point I'll start to review it and see how I did or how the asset is performing to see if I need to be potentially exiting it.
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Oh, go into my own trading journal, document it to make sure I have a system of record to hold myself accountable and for being able to look in the future to see over time how I perform on a weekly and monthly basis.
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And then if I'm looking at other cryptocurrencies, then I'll start to look at their volume as well to see if there's activity, if there's buying interest or selling interest in a specific asset, um, to just make sure the liquidity meets, um, my thresholds for wanting to get into a trade.
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And from a charting perspective, by being able to argue both cases, there were signs or indications it was going down. But long story short, the person was using and volume indications from a global standpoint that actually know which countries were on board, at least from a volume standpoint of where the direction of quite would like we'd go. So that was a data point that is normal. Charting would not have told you there was not an creating your energy. That was the main indicator that kept them, uh, from Hong Kong and they actually look to shorten that position and we're going to have to capitalize well. So if they're doing or whether it's trade.
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So that's going to involve looking at trading view to see how charts look from a weekly down to an hourly basis.
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planning, acting, and reviewing.
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So when I'm trying to become a better trader, [inaudible] or dig into why they were so focused on the chart going one way or the other and thinking about what data points they're using that others might not.
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gerous. It's too short term thinking. It doesn't actually allow you to advance as a trader, but I'm able to recognize over time who, and the reason I'm curious to have a stronger uh, uh, success rates with specific styles of trading
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I don't personally like blindly entering trades that...
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will basically want to follow along with why they're notating that as a potential trade board or following it just to see how it plays out, uh, to basically use it as a learning
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Most of it is based around talking to people who are more competent or just more comfortable in a specific trading strategy.
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So they're looking at something, um, that's, you know, usually a strong swing trader and they're mentioning that opportunity.
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or that we're looking out for. Would need us to watch after a trade or to be looking out for a trade. Some of them have signals, like targets for traditional markets. They might have just mentioned, hey, if someone's running the group, they might've mentioned, hey, this is a point where I'm looking to enter short. Uh, so tell where they're looking to essentially place to stop, um, crypto groups Okay. Okay. Yeah, yeah. Okay. Uh, either injured but stop here. And then yourself targets are one, two, three, but it's less structured traditionally.
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Uh, yeah, I'm in a few groups. There's a couple of the crypto focused, uh, the also have been just, I wouldn't say [inaudible], but have put more emphasis on, you know, since we're technical traders, there's a reason not to take advantage of, uh, the market opportunities and traditional as they pop up. So we've been focused mainly on just very few inverse etfs to short the s&p to short some major Chinese stocks, um, doing some stuff with, uh, oil, gas. And then there's some groups that I'm in that are specifically focused on just traditional, uh, that are broken up or categorized by what they're trading.
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Uh, I've been switching more into equities. Uh, may, may just be because some of the, some of the groups I'm involved with in a lot more of the reading I've been doing lately is just trying to capitalize inverse etfs. It's about 25% equities first, crypto, but then shifting more towards the equity side. And I'm going to have to go through a rebalancing to figure out what the proper percentage I want to be in that market is, uh, in case we really take it down, turn here in the next three months.
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But then when I kept getting, you know, uh, burned on my stops not hitting because they just moved too fast and the limits didnt fill or the orders on the flip side didn't sell.
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That's the one benefit of coinagy. You know, where I can actually plug in all the APIs for all the exchanges I work with and then basically operate from, from one application.
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Yeah, I mean, so if you have one tool, I mean, in theory it makes more sense because you're not all over the place.
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So, you know, it's just, it's a, it's a little repetitive.
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I've never used their charting once because it's not going to be to the level that trading view would be or the level of coinagy and coinagy pulls its trading or as charting from trading view.
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An example would be three commas, my main use case for it has been the market orders
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But I'm also not looking at necessarily reinvent the wheel, but the tools are offering specific applications, do a really good job at what they do.
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trading view, coinagy, cryptoalerts.ai,
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And I'm constantly looking for ways to get a competitive edge, either through education or the tools that I'm using that will basically just give me information faster or more efficiently.
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Uh, I've been full time trade in the last six months, so it's definitely been on the profession side.
profile: experience
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Um, instead of building it from scratch cause they've done a good job and I believe that have a easier enough api to pull in, uh, those tools into your own
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I'm not sure if it, if you guys do as well, they just pull from trading views, uh, charting for
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Um, but I like charting out patterns and things of that nature.
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hich is a reason why I would use, you know, a charting solution, which would be a tradingview or coinagy.
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it's, it's, it's more difficult for me to base trade specifically on just data.
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right. But if I have one trade that sells at the proper say private level or protects my ass, you know, and uh, and a stop loss scenario, the, the monthly subscription, you know, usually ends up paying for itself at them, the matter of one trade.
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um, profit off of them or protect my do
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And then if the market completely dives, um, my stop losses are market orders and carry the limit orders, which I've seen a lot of people get burned on, especially when there's a massive drop, you the 6,200 drops or btc down to the, you know, 5,000 level and then the 4,000 level and obviously now like the 3000 level, um, you can get caught in a bad situation pretty quickly depending on how weighted your portfolio is in those assets.
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market order functionality, which a lot of exchanges don't have
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e? I use individualized applications for exc
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pretty shitty one
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maximize my profits or minimize my losses through automation
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So having that automated tool, um, I don't know how people would trade without it to be, to be completely honest,
Tags
- sentiment
- reasons for using tools they don't like
- reasons for using tools
- swing trading
- things they find important
- strategies
- charts
- improving trading skills
- needs of a serious trader
- individualized trading
- taking risks
- easy access to funds
- user experience
- portfolio management
- trading activities
- using existing tools
- trading experience
- regions
- serious trader
- reasons for paying for tools
- intrastructure
- trade execution
- trust
- notifications and alerts
- opportunities
- types of orders
- trading frequencies
- mobile
- research
- improving trading experience
- disadvantages to charting
- trade-offs
- reasons for trading on exchange
- automation
- taxes
- individual applications vs. one platform
- customer service
- volume
- non-tech trading tools
- technical vs. traditional analysis
- retail and institutional
- equities
- gaps in tools
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- deposits
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trained
The author also uses this word alot to suggest that technologists have not been trained to think about the cultural aspects of what they produce. My question is how do we start this journey to training people to do this? In my research I believe that focusing on localized vs. universal design may be one approach to this.
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Peoplein many walksoflife tend to focus on thetangible,technicalaspectofanypracticalproblem,and then to thinkthattheextraordinarycapabilitiesofmodemtechnologyought to leadto anappropriate'fix'.
Agreed. Great summary. A good example is an hci project that explored an approach to alleviating effects of sexual assault in kenya that turned out to actually harm women more than they do good. The project built a "kiosk" where women could come "privately" speak up about their encounters but what happened as a result was that women felt an increased amount of shame (both internal and external from their community members). Need to find this study to share!
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Themore general meaning of the word,however,can beequatedwithtechnology-practice,which clearlyis notvalue-freeand politicallyneutral,as some people sayit should be.
I'm a bit confused about which stance the author is taking here. They begin by giving examples of how technology can be considered neutral but there was never really a turn in the argument....
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creative
The author uses 'creativity' alot in this paper but creativity in itself is quite loaded. There are many different types of creativity (Boden 1992) such as p-creativity and h-creativity. P creativity says that creativity is novel to the agent who produces it. While H creativity says that creativity is novel based on the society. I bring this up to say that as this paper discusses technology practice and the possible neutrality of it, it is important to understand that there are still agents that are influencing this definition of creativity.
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ommon speech,
What is the author's definition of "common"? Common to who?
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orderly
Orderly based on whose judgement?
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Oncethisdistinctionisestablished,it is clear that although medicalpracticediffersquitemarkedly from one country to another, medicalscienceconsistsofknowledge andtechniqueswhich are likely to beusefulin manycountries.
The author defines "medical science" as pertaining to the doctor's personal values and ethical code about his vocation, then goes on to say that this science consists of knowledge which is useful in many countries. This in itself is a contradiction, even though the author tries to defend it in the next sentence about biases. Based on the author's definition, culture is a huge part of 'medical science'. How can one then claim that it is independent of local cultures?
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it is the same machine
It is the same machine that was created for a purpose. That purpose itself evolved based on the context it was in. But there was still a foundational purpose.
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misuse
In support of my argument, I would change this to "creation" rather than "misuse". Technology is always created for a purpose.
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This is theargu-mentwhichstates that technology is culturally, morally and politicallyneutral-thatit provides toolsindependentoflocal value-systemswhichcan be used impartially tosupportquite different kinds oflifestyle.
I agree and disagree with this. In agreeance, it is true that depending on the culture of society, the technology will have different impacts and may be used differently by the people of that culture. However, technologies can not be unmarried from being politically, culturally, and morally driven/influenced because they are created by people and organizations who themselves are not neutral.
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