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My Most Important Lesson I can Teach You for Making Money

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I’ve been an entrepreneur since I was 16 years old. I started investing and playing poker when I was 17 years old. One day I skipped school because I bought warrants for 1 200 USD and I wanted to monitor the situation. Within 3 hours I made $5 000. I sold it quickly and went to school. During a sociology class in high school, I played heads up for $1 000. I lost, but it was fun, and my friends were watching. I know about the “urge” to earn money quick. It gives a kick; your adrenaline starts pumping through your veins. It becomes an addiction. It even get’s fun to lose money. This is very dangerous.

I must admit that I see a lot of the same “rookies” in our community on Workplace. My guess is that many of our members are chasing profits on a daily basis and get kicks out of watching the prices move up and down. I cannot blame them either, as I was, and probably is, like that myself. I’ve always been impatient. It has been both a blessing and a curse. It has made me a lot of money, it has made me lose more money, it has made me miss huge gains and I’ve been struggling with FOMO (fear of missing out).

Also read: Dealing With The Fear Of Missing Out

Humans aren’t wired to trade

I believe that humans aren’t made to trade. It’s not something we have in our DNA. It is something we must learn how to do, and how to disconnect our human emotions. People that lose a trade tend to risk more on the second trade to earn back what they already lost and then some. It’s a far too common mistake, which I have done myself many times. You have to be able to disconnect your emotions and to follow a strict strategy that you stick to no matter what. You are allowed to change your strategy and tactics, but that should not be something you do daily.

My biggest mistake?

I sold all my bitcoins (800) in 2015 when they were at their lowest (200 USD). I made a lot of money on trading cryptocurrencies, but I was too obsessed with it. I was watching the charts daily (like most of you are doing now). And when the prices started to gain traction in 2016, you can believe I felt an intense FOMO. However, I had decided not to go back in as I wouldn’t want to become obsessed with the charts once again. If I had invested my bitcoins in ethereum in 2015, I would have had more than 50 000 000 million USD today. Chew on that for a few seconds.

But I’ve realized that I didn’t need to watch the charts on a daily basis. I could simply have told myself that: “I want to hold these bitcoins for three years no matter what.” Or that I wanted to buy ethereum for all my bitcoins and then leave them for four years or more. Then I would be able to disconnect myself from the daily charts and probably have reached “financial freedom” by the age of 26.

As you might imagine, it has been hard to see that your prediction back in 2014 and 2015 came through, bitcoin reached 3000 USD, and ethereum is killing it. I’ve been working with myself on getting over the fact that I could have made 50 000 000 USD. What comforts me is that these opportunities happen all the time. I know there’s thousands of investors that have experienced the same. Not only with cryptocurrencies, but with stocks (look at Tesla), commodities and so forth.

You don’t earn money; you steal money

Another interesting aspect of trading and investing is that you are not making money on good trades or investments. You are taking money from other traders and investors. The price of bitcoin is purely based on supply and demand. I bet you can find a person that wants to sell you a bitcoin for 10 000 USD, if you buy that bitcoin then it is worth 10 000 USD. But you have to be able to sell it again to capitalize on the asset.

Investing and trading are money changing hands. Nothing more, nothing less. Money isn’t created, money isn’t lost.

What I’ve learned

The most important lesson I can teach you is to have patience.

HPS! (Have Patience Stupid!)

Create a strategy that you think will win, and stick to it. Don’t be obsessed and follow the charts minute by minute, it will only drive you crazy. When I talk about patience, it could be one-year horizon or even a ten-years horizon. Not a daily horizon. We have a famous saying in Norway:

TTT (Ting tar tid = Things take time)

Members ask me why we don’t have more trading recommendations on hacked.com. We could make tens of thousands of trading recommendations every day, but how good would they be? Opportunities in the market aren’t something that appears on demand. We do not want to give our members recommendations that are destined to fail. As I’ve explained previously; never lose money.

Also read: Never lose money

What I’m doing now

I’ve managed to distance myself from being obsessed with trading, whether it’s trading cryptocurrencies or CFDs on IG (e.g.). It has made me more happier, more comfortable and less stressed. That is an important factor to take into account for creating a good life.

Also read: What makes a good life?

I’m more experienced, more patient, more intelligent. I’ve learned the hard way, and you should learn from what I’ve done (and not done). Now I’m only focusing on the following:

  1. Increase my monthly income
  2. Invest 33% of my monthly income in different assets (see the 33% club)
  3. Reduce stressful projects and schemes
  4. Spend more time with family and friends (still working on this)
  5. Start working out and eat healthier (still working on this)

Since I stopped trading on a daily basis, I’ve become a lot happier and satisfied with my life. I was able to take a breather and shift my focus. Hacked.com and its community is a direct outcome of my shift in focus. And I’m glad that so many members enjoy our information and that I can at least help a few people to avoid the same mistakes I’ve made.

When that is said, I’m not saying it’s bad to day trade, but you need to follow a strict strategy that you stick to and not let your human emotions decide for you. I will most likely return to day trading when I get more time, but I’ll do it differently next time.

In this article I talk mostly about trading and investing, but the same rules can be applied to entrepreneurship and starting your own business. Patience is as important here.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.2 stars on average, based on 56 rated postsFounder of Hacked.com and CryptoCoinsNews




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15 Comments

15 Comments

  1. RH2302

    June 18, 2017 at 1:20 pm

    As always, good material to think about and act towards.

    I think you are right by saying people aren’t born to trade. Even though I am aware of all the stress trading can give you and how to counter it, I still feel it.

    Reading this enables me to take a look from a different perspective. It gives me trust that, in due time, everything will fall In it’s place.

    Having sold a bunch of LTC a week prior to this increase suddenly doesn’t feel that relevant anymore.

    Thank you for this

    • Jonas Borchgrevink

      June 18, 2017 at 1:28 pm

      I’m glad to hear that. Thank you.

  2. visiondream3

    June 18, 2017 at 1:46 pm

    Great insight Jonas. I held on to my ltc (based on your community recommendation) even when it was dead for a while. I had thoughts in between to sell it and move on, but I stayed put because I was curious to see where it would be in a month, and thankfully now it paid off. Well said Jonas! It’s all about patience and not having the herd mentality. I usually trade with 24 hour charts with oversold and overbought conditions and that gives me peace of mind not having to stare at the chart for hours. It gives sufficient time to react eventhough we may miss the absolute tops and bottoms!

  3. bitsurfer

    June 18, 2017 at 4:58 pm

    Well said.. looking at the charts everyday is stressful!! ? It slowly yet drastically takes focus from the more important things, on an hour to hour basis.

  4. Tyson Gray

    June 18, 2017 at 6:27 pm

    This is good advice Jonas. I like your saying in Norway, Ting tar tid. 🙂

    • Jonas Borchgrevink

      June 18, 2017 at 7:11 pm

      Hehe, thank you 🙂

  5. Ritesh Sheth

    June 18, 2017 at 7:34 pm

    Hey Thanks a lot, But an monthly recommendation chart of few alt coins will be highly appreciated , So that No need to look at the chart daily. Ha ha.
    Great work, Thanks.

  6. NYoo

    June 19, 2017 at 12:35 am

    Am I just too much of a newbie? I love looking at charts every day, it’s so much fun. And I made more money last month than all of last year. I find day trading more predictable, less risky and much more fun than what I was doing before: running a fashion company. That was incredibly stressful and with little reward. Because of the fashion timeline, I was investing hundreds of thousands of dollars for a potential return that may or not may come 8-10 months ahead of time. For my last two seasons, I started a new brand direction that I knew was right for the collection – it cost my business 30% of our revenues. Without the cash reserves from my business partner’s investment, we would have gone under.

    There’s a lot I miss about having my own fashion brand but overall with day trading I am happier and more certain about my financial future.

    Fyi, I transfer all my profits on a daily basis. Also, I check the charts at 3-4x a day now, at high points and low points. If it’s an exciting day then I check more often. Working pretty well so far…

    • Jonas Borchgrevink

      June 19, 2017 at 7:38 am

      I wish you all the best, but you are in for a hell of a ride I guess. Or maybe you are one in a million “born to trade” 😉

    • porcupine1967

      June 19, 2017 at 2:55 pm

      I’m such a newbie as well but I do know to never get emotional over stocks.

  7. porcupine1967

    June 19, 2017 at 2:53 pm

    I think if you follow the advice of Gordon Geckko you cannot go far wrong.

  8. NYoo

    June 20, 2017 at 2:00 am

    Haha, omg, I laughed out loud about “one in a million.” I seriously doubt it. Most of the time I have no idea what’s going on with the charts or the prices. It’s just this is the funnest thing I’ve ever done to make money (btw, I’ve lost a lot of money too…). I loved designing lingerie but sometimes the thought of outputting more products into this world made with toxic processes was just too much. Plus, I like the energy of cryptos and everything this world stands for.

  9. Tommy

    June 20, 2017 at 7:46 am

    good reading. im just in the “starting” phase of cryptocurrency trading myself. Think i’ve probably done my fair share of the rookie mistakes already, emotions, fear of missing out, waking up waay early to check the charts. And feeling and immense impatience when seing negative numbers, to quickly sell.
    now the last week ive stressed out a hell of a lot less, and just put in a few high sale orders, to make sure not to miss the pumps/whales roaming the altcoins lately. and slowly and a little more steady, ive almost recovered my loss in 1 week. So now i’m going for more mid-long term with about 75% of it. and using only 25% for day to day fun trading.
    this subscripiton to this page, has already paid itself 🙂

  10. P. H. Madore

    June 24, 2017 at 11:38 pm

    Two days ago I had some change in a trading account, invested it all into something that had a lot of value, drunkenly, which I had no other information about. Then I put it for sale at 300% the cost, and four days later discovered I had profited. I took these profits, converted them to dogecoin, and further gambled that (dice, bitsler) up another 1000%, pushed it back into the trading account, converted it to .25 bitcoins. I had a lot of fun but I’m fully aware it hardly ever works this way. Patience is important, and I lack it more than most. I’d be a billionaire if I had the patience I desire to have, as you would be a mult-millionaire.

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“The Core of Any Blockchain Project is Decentralization” – Jack Zhang, Lightning Bitcoin

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Lightning Bitcoin is a fork of the ‘first-crypto-currency’ Bitcoin about which we decided to take the opportunity recently to speak to advisor Jack Zhang (AKA DianfuDatou / 点付大头 – known best as a Founder of Chainfunder and DAF).

Discussion topics include: what makes this project unique, as well as how you shouldn’t get it confused is not to be confused with the Lightning Network upgrade which is being applied to the original ‘Bitcoin’.

Who is Jack Zhang

Jack Zhang (AKA DianfuDatou / 点付大头) is a Chinese investor, business leader, and entrepreneur whose “portfolio includes XRP, XEM, IOTA, NEO, EOS, TEZOS, VEN”.

Zhang proudly describes himself as “one of the leading advocators of Ripple in China” having “translated Ripple into Chinese as ‘ruibobi’” – as well as the co-founder of NEO. Please note that most sources ascribe this latter achievement regarding NEO to an ‘Erik Zhang’ and so this claim requires further confirmation – however this writer sees no reason for him to lie in this respect.

He claims that his first experience with cryptocurrency was in 2011, when he entered the industry himself having previously worked as an investment banker at companies such as Zhejiang investment bank.

“I bought more than 10 thousand bitcoins at the price of 5 dollars and sold all of them out at the price of 7 dollars. At that time, I remember how I was reading posts on Bitcointalk about blockchain for several months and got fascinated by the genius design of the technology.”

Zhang says that the Lightning Bitcoin team members “come from a diverse cultural background, including China, the United States, Canada, the UK, Russia, Germany, and India.” And that:

“Currently Lightning Bitcoin has four core developers (listed on the website) with a team of 6 specialists. Eason Zhao is a CTO and H.H.Wang is a leading developer.

“Lightning Bitcoin also has an operational team of 8 outstanding and hardworking people managed by Wasley together with a community manager James Vuitton… We have independent leaders for each directions of the business;”

What is Lightning Bitcoin?

According to Zhang, Lightning Bitcoin is “a coin that takes the best from existing blockchain titans and adds advanced consensus mechanism.”

“Lightning Bitcoin forked from Bitcoin blockchain at block height 499,999… Lightning Bitcoin (LBTC) is a fully decentralized Internet-of-value protocol for global payments.

“The specific applications include peer-to-peer transactions and exchange platforms. Any users that operate on the LBTC protocol can enjoy instant, secure and nearly free global financial transactions of any size.”

Lightning Bitcoin is far from the first (nor will it be the last) fork from Bitcoin. A number of observers have claimed that the correlation between new forks and over inflation of Bitcoin. Jack Zhang however sees it as follows…

“Back in 2017, Bitcoin blockchain started to face network congestions, and a lot of other problems, that is one of the reasons why there were so many hard forks popping up. However, all of them changed either size or difficulty adjustment, what in my opinion did not improve the situation. That is a consensus that makes the difference. Pow and PoS are easily centralized, while DPoS represents true decentralization. Moreover, DPoS has the benefit of high efficiency, with little resource consumption.”

This mechanism utilises the relatively young Distributed Proof of Stake (DPoS) protocol which this writer has written about in a recent article, despite its basis upon the Proof of Work (PoW)-based ‘Bitcoin’.

Zhang states that Distributed Proof of Stake “allows separation of the voting power and block production, with no risks of a hard fork.” In fact, the aftermath of the announcement of DPoS adoption coincided with the company taking on another of its advisors “Stan Larimer a founding partner of Bitshares… we found mutual interests, as a result Stan joined Lightning Bitcoin advisory board.”

“Lightning Bitcoin uses DPoS, with the forging interval of 3 seconds, and the block size of 2M. We have achieved the TPS of thousands of transactions.

“Anyone can use LBTC, without censorship. The transaction fees are charged only for preventing network security issues, like DDoS attacks. It is not an off-chain solution on top of the Bitcoin blockchain as Lightning Network. I personally believe that Lightning Network will face the problem of centralization eventually.”

Furthermore,

“Lightning Bitcoin’s on-chain governance system enables LBTC holders to vote for the blockchain improvement proposals and the delegates who maintain the network as Lightning Nodes. It solves the problems of centralization of bitcoin by incorporating all participants in the Lightning Bitcoin ecosystem into the decision-making process.”

Lightning Bitcoin vs Lightning Network

Due to the similarities in naming, it seems natural that there may be a little confusion on behalf of the public and crypto-investment community with regards to the differences between ‘Lightning Bitcoin’ and ‘Lightning Network’.

“There is some confusion, you are correct.

When Lightning Bitcoin forked in December 2017, for Lightning Network it was still unclear when it is going to be launched, since it was still at the internal testing stage; only after four months later, in March 2018 when Lightning Network released its beta, both projects started to be confused by users in some countries.”

This, according to Zhang, is actually a problem more specific / limited to region,

“In other countries, like China, lightning network is not that well-known, as well as it has different Chinese name, that gives us more room for the development in Asia.”

Present and Future of LBTC

“Currently, Lightning Bitcoin network is stable, we constantly improving its functions and adding more products.

“The next big step for LBTC that we are working on right now is the development of on-chain governance, that will allow the network to self-improve and self-upgrade.

“In the future, stable upgrades of Lightning Bitcoin network in combination with chain governance, and decentralized transactions will allow cross-chain flashovers and smart contracts… the exploration of the on-chain governance model will become one of the most important tasks in the current stage of LBTC.”

Zhang continues to discuss the future for the coin in-detail as well, including that:

“In short, after complete integration of on-chain governance, next milestone is the development of new decentralized exchange. It will be an important component of the LBTC payment function.

“This exchange will have both basic functionality such as flashovers function of the gateway, as well as a system to guarantee the ease of cross-chain operations. Additionally, it will have the function of early crowdfunding of project under the necessary supervision.”

Finally,

“After implementing and perfecting the decentralized exchange, the development of intelligent contracts based on the UTXO model will be carried out, and a high-concurrence-based public chain ecosystem will be established to guide the flow of DAPP traffic.”

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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Trans-Fee Mining: Investigating FCOIN and The Future

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Trans-fee mining’ is a concept utilised by a growing number of projects and exchanges which has not received much in the way of critical attention recently from either mainstream financial or specialist cryptocurrency publications.

The Fall of F-Coin?

Thanks to a company called FCOIN, most of the news which has appeared has been negative. Statistical information regarding the exchange can be found at popular aggregate ranking website CoinMarketCap.

Despite positive coverage earlier this year from the likes of Forbes’ Andrew Rossow, David Hundeyin of our sister site CCN.com wrote more recently that the exchange had been “Accused of Crippling Ethereum Network for Cheap Publicity” with a supposed aim of gaining publicity.

These pundits are joined by community members such as Reddit poster u/ltcisking (along with a large amount of other concurring, Google-topping results), who recently wrote a post aimed at proving such allegations, entitled ‘One of the biggest scams to ever hit Crypto’.

Twitter has also seen its fair share of investor complaints as well, including the following…

As well as the replies to this post,

What is Trans-Fee Mining?

Due to the unusual circumstances in which the ‘trans-fee mining’ sits (being supported by a number of independent projects despite the reputation of FCOIN): it is a difficult methodology to describe.

It builds upon the concept of the ‘exchange token’: which is most often associated with coins such as BNB (Binance Coin), which can be used for staking towards a particular crypto in the exchanges ‘community coin of the month’ program.

The original FCOIN implementation appeared to build upon this vision at first. The token’s value is derived from the fact that it has a stable value, and that it can be used on-platform (like BNB) as a means of purchasing other tokens whilst offering regular returns on investment for long-term holders of the token.

What is FCOIN Doing Now?

FCOIN has issued various statements which appear to support the sentiment behind the claims which they have faced. These include a recent August 14th post, with the telling title ‘FCoin community referendum end and recent plan publicity’.

Highlights of the piece include new objectives such as

“1.Complete and publicize the destruction of the remaining unissued FT.
“2. Complete the delivery of all FT warrants and withdraw the FT warrants from the market…
“4. As of the end of the referendum, the previous trans-fee refund will remain unchanged (based on the price of the FT related trading pairs before the suspension), and then, all the trans-fee refund will be stopped (including all return plans based on FT issuance).
“5. We plan to establish an FCoin mechanism and an announcement cleanup team. The team untied and improved the current FCoin mechanisms and standardized the release of various mechanisms in the future, and made a unified interpretation.”

At best, this may be an admission of fault, and at worst: an ambiguous and uninformative piece of messaging which fails to outline the situation with a strong brand or executive voice.

This comes in addition to a couple of announcements regarding ‘compensation planning’ with regards to investors who had “participated” in the fundraising of the ‘GU’ and ‘QOS’ tokens through their service.

The latter included the assurance that this process “compensation plan is an initiative taken by the platform to protect the interests of community user” concluded with the damning statement that:

“The FCoin platform has informed the QOS project parties and urged them to conduct self-examination of market price fluctuations and recent media reports as soon as possible. It is not excluded to take delisting and other related measures. The specific plan will be subject to the subsequent announcement. During this period, QOS will be temporarily suspended.”

Torch-bearers of Trans-Fee Mining?

Various claims of discrepancy against FCOIN’s actions as a company however, have not discouraged many projects which are attempting to build their own version of trans-fee mining. Whether or not they have been inspired by the short-lived success of FCOIN’s implementation is yet to be confirmed!

One of the most recent organisations which has decided to foray into this difficult and all-but-controversial territory is BitMart, an exchange founded by current CEO Sheldon Xia. Their approach is branded ‘Mission X’, and utilises their proprietary ‘BMX’ token.

“All transaction fees from the BMX market will go directly to the users who supported the project. In addition, successful projects will enter BitMart’s main trading markets.

“This program gives users the ability to decide which projects they want to be listed on the exchange, creating a self-regulated market.”

The platform piqued this writer’s attention upon noticing a disparity between public consensus and professional news coverage. Whilst the latter has published next to nothing with regards to the platform, a quick search of social media and communities such as forums seem to illustrate a positive and transparent image.

CoinEx was recently reported to have achieved unprecedented growth following the release of their token – however, like FCOIN have been called out for discrepancies. This time regarding the faking of volume metrics.

Final Thoughts

It appears that trans-fee mining as a concept is a long-way from earning this writer’s confidence, however it must be noted that there are many promising aspects. Time will tell whether talent will shine through or if trans-fee mining will fade out at the hands of opportunists.

What is important to note is that it is not the technology or idea, but the hands that are operating the machine incorporating it.

This writer cannot directly recommend the concept in its current state, but believes that the original idea is solid and if implemented in a viable way: would thoroughly warrant the full attention of any potential investor.

Until then, watch the community and keep an eye on the media – as well as word-of-mouth as this flawed-yet-promising idea is if nothing else, highly interesting!

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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My CFD Journey: 72,000 USD Up Today

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Wow the indexes are falling globally now. Dax is down with 1% today – same as Dow Jones. I would love to do a short call on these indexes, but that have seriously hurt my financial standings previously since we still are in a “bull” market with earnings reports beating forecasts and macroeconomic numbers excelling analysts viewpoints. I only want to trade by using trend following, so even if the markets are down, I love to do short buy calls as they most likely will rebound to new ATH (all time highs). The reason for just doing short buy calls is that we might be on the tipping point to a bearish market, but that’s something I would like confirmation on from e.g. macro numbers, earning reports and such. Until then, I’m quick in and out.

Here is my results

Order Entry Price Take Profit Stop Loss USD Bank Roll USD % Change
Start 258 064,52
Day 1 25.01.2018 Dax Buy 13268 13274 13262 6 472,52 264 537,03 2,51
Day 2 26.01.2018 Dax Sell 13342 13318 13392 7 642,84 272 179,87 5,47
Day 3 29.01.2018 Dax Buy 13331 13336 13313 12 508,39 284 688,26 10,32
Day 4 30.01.2018 Dax Buy 13226 13233 13176 6 625,94 291 314,19 12,88
Day 5 31.01.2018 Dax Buy 13217 13230 13187 26 474,06 317 788,26 23,14
Day 5 01.02.2018 Dax Sell 13291 13265 13327 10 834,58 328 622,84 27,34
Day 6 02.02.2018 Dax Buy 12797 12825 12772 72 314,97 400 937,81 55,36

Using ProRealTime

As I wrote yesterday, I’m using IG.com to trade CFDs. They got a tool called ProRealTime that I started to use yesterday. It’s a great tool with many more indicators and tools, and best of all, you get a good look at your stats. Here is my stats so far on ProRealTime in NOK (1 USD = 7.65 NOK – click on the images to get a larger view):

As you can see from the image above, I got 8 winning trades and 1 losing trade. I tried to buy the dip on Dax but managed to enter a bit too early. The Dax index fell quite rapidly after I initiated this trade and I wanted to keep it open as long as possible as I knew a rebound would happen. But I was not comfortable enough to sit it through so I closed it. Still feeling certain that the price would rebound I entered a buy position yet again at what I thought would be the lowest low. And thankfully, that worked and it rebounded above my initial entry point for the first trade. To ensure that I got the profits I wanted, I did a third trade buying Dax when RSI showed a trend reversal (rose above 50). I closed the trades once I was happy with the profits and because I became nervous that the price would turn back down. Then I initiated the last trade of the day going long on Dax yet again.

Here is the total overview of my trades today:

I would again like to highlight that trading CFD is very risky, and I’m still significantly down in total these last 3 years.

My trading rules

  1. Only risk max 2% of my bank roll per trade.
  2. Have 0 active positions during the night (first of all, I lose sleep, second; you are charged an interest fee for leaving a leveraged product overnight.)
  3. Always trade on last month’s trend including the previous day(s). If they do not correlate, I will not trade.
  4. If one position is lost, I’ll double the amount (martingale) and do a second trade. I’ll only stop doubling after 3 consecutive losses.
  5. Do not think about lost trade opportunities.
  6. Markets to trade: Dax & Dow (minimum spread).
  7. Stay updated on economic releases prior to entering a trade.
  8. Do not have emotional ties to the money. I like to call them “points”.
  9. Only enter a position when an asset is overbought or oversold shown by both RSI & Stoch at the same time.
  10. Always write down your trades and elaborate what went right or wrong.

What is the meaning of this?

Why I’m I writing all these posts? My main goal is to find a working strategy trading CFDs and be able to mentor Hacked.com members and do live sessions together. However, I would like to keep going for at least one month until I feel comfortable that the strategy I have, actually works. I would rather lose my own money, than lose any of yours.

I wish you all a great weekend. We are going to visit our family this weekend and have a nice time.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.2 stars on average, based on 56 rated postsFounder of Hacked.com and CryptoCoinsNews




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