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Hello everyone,
I'm a highly successful trader/fund manager from Iran. and in this post I want to share some useful info with you guys about the educational courses on trading. I'm going to explain how most educators scam the students out of their money without technically scamming them. so even if you are not looking for an educational course, I believe you should still read this post as it can give you a clear view of the education market in trading.
ok, lets get into it..
I have taken a lot of online trading courses in my time, and while I have learned at least one valuable lesson from each of them, a simple vetting of their teachings showed me that their methods were more often than not very flawed.
The worst ones would effectively destroy your account over the long haul and the good ones (and I’m using the term “good” loosely here) could only make your account a profitable account if you were trading with an EA and over a period longer than 5 years!
There is a significant amount of hidden truths in the world of trading education.
Most educators out there aren’t necessary lying when they tell you that their trading strategy works!
but your definition of what “works”, often times significantly differs from what they mean by the word “works”.
to any new-comer to trading, a trading system/strategy that “Works” is a trading system/strategy that can be used in a specific time frame, and deliver positive gain with limited risk.
so for example, they usually expect to open any number of trading positions in a given period, lets say a month, and at the end of the month, close that basket of trades and overall, turn a profit.
that’s what you want to be doing as a trader, isn’t it? make money instead of losing it?
but what most educators don’t tell you is that when they say a strategy works, it almost always means that it has showed a positive gain when they have put the strategy through back-testing.
now what is backtesting? here is the definition from investopedia:
Backtesting is the general method for seeing how well a strategy or model would have done ex-post
Backtesting assesses the viability of a trading strategy by discovering how it would play out using historical data. If backtesting works, traders and analysts may have the confidence to employ it going forward
You get the idea.. it basically means that they use computers to see that if someone had been trading with this strategy since years ago till today, would that trading account be in profit today? and if the answer is yes, then they will count that strategy as something that works.
Now this is where the waters start to get a bit murky!
Backtesting is a process that you define the parameters of it yourself. while there often is a consensus over what those parameters should be set to in order to create legitimate and trustworthy results, often times, educators deliberately back-test a strategy in a way to mask its inefficiencies. so for example, lets say you have a strategy that requires you to hold trading positions for a months at a time…. you back-test it properly and you will see that it wont work if used in the market due to the swap rates or other fees that will destroy your supposed gains from the trades themselves.. now how can you make that useless strategy a working one? ignore those fees in your back-testing. that doesn’t quite cut it? hell with it, lets average the spread around to make it work.
now you might ask yourself, “why would anyone even bother mess with their own backtesting?” and the answer is simple, because if they can get a back-testing that is showing proper results, no matter how faulty that backtesting process is, it still gives them legal grounds to claim they haven’t committed fraud when saying their strategy “works”, it would be just a matter of an error in calculations that could happen to anyone!
Also, a lot of times, they don’t even need to manipulate the data that much. they can pick one of the strategies that shows positive gains when back-testing, and market it as something that its not.
So lets say you have back-tested a strategy over 8 years of data and you have jumped through all the hoops and have made sure your strategy is sound and can be still deployed going forward.
now what most educators do is that they hide the pieces of truth that they deem are irrelevant to the topic. because after all, they just said that the trading strategy works, which is technically true. but what they chose not to tell you is that the fact that a trading strategy can show profits in backtesting, is not enough for it to be a useful method for retail traders.
why? because for that strategy to show a positive gain, it had to be used on every trading opportunity on the chart (based on the strategy’s rules) so at the end of the test, the combined result of all those trading positions can generate a profit.
that means, that if you take that strategy and use it in a shorter time-period, and miss a couple of trading opportunities here and there, you are no longer on the same path as that back-testing, you are in a whole new territory and chances are you won’t be able to generate profits or the profits generated could be significantly less than what you had imagined.
This is what most educators hide from you, because their livelihood depends on you not knowing how they are manipulating the truth.
They are not all fraudsters, but almost all of them are half-truthers!
And the saddest part of all this is that they often manage to charge people significant amounts of money in order to teach them something that won’t help them in their trading. so they take a strategy and package it in some nice flare and market it as a “quick-fix” for anyone desperate enough to pay for it, and they pocket the money while you end up losing yours to the market.
often times, they encourage students to stay the hell away from lower time frames charts and stick to trading 8 hour or daily charts. the reason for that is that using higher time frame charts, makes the “realization process” a lot longer.
so it will actually take the students months or often years before they figure out that the method they have paid a lot of money for, doesn’t work.
And the even sadder part is that by this time, the educator often chalks up the whole thing to the market “evolving” which has rendered the strategy useless now.
So you end up back on the first square, scammed out of your hard earned money while achieving nothing in the process and god forbid, incurring more losses in the process.
I’m a highly successful day trader.
Last year, I broke the record of Michael Burry (the guy shoring the US housing market in 2008) by achieving 783% of profit in 11 days of trading, with a drawdown of only 11.51% [*]
I did that live, in front of my followers in my telegram channel. manually entering and exiting 806 trading positions during that 11 day period. managing to turn $2500 into $17000.
And if you want to see my performance during the last 3 years of running my telegram channel, you can visit it and check it out by scrolling to the old posts. (link is in my website)
if I wanted to scam people out of their money, I could have easily create a course and attach that trade explorer to it and make a boatload of money off of it. but I didn’t.
you know why? because I knew there is not a quick-fix strategy for achieving that level of success in trading.
I was one of the few traders insisting on shorting Bitcoins on 20 Feb 2018, here is the analysis I had on it when the market was still showing an strong upward move!
https://www.tradingview.com/chart/BTCUSD/wlBJSNaQ-BTCUSD-Daily/
and here is my signal for going long again 3 months ago at 3500 price level!
https://www.tradingview.com/chart/BTCUSD/HGmZqbFO-Time-to-go-bullish-again-on-BTC/
I'm really good at my job and I have the evidence to back that claim up.
in order to become a profitable trader (and by profitable I mean a trader that wins more trades than he loses in any given time-period -wins>losses-) you need to first understand the market itself, and learn how it functions and then learn how to distinguish between a high-probability trading opportunity and a low probability one, so you can effectively become profitable in your trading, and from there, its only a matter of calibrating your entries better to increase your profitability beyond what those so-called educators tell you is impossible.
After about 2 years of people sending me messages asking me to teach them how to trade, I’ve very recently decided to run my own Mentorship Program.
I believe its the best course out there, Because unlike all the other trading educators out there, I don’t like doing my education on old charts that have already played out and everyone can see where the price has moved to.
Most educators offer a course that explains everything on an old chart and when it comes to live trading in real time, all they do is basically giving two sided advice and no real direction or a tangible process of assessing the market conditions in real time for making trading decisions.
but I like to do most of my teaching live in real time in a more hands on approach so my students can watch their mentor implement the method live in real time and learn to do it themselves on their own.
The registration is limited to 100 students because the mentorship program includes a private 1-1 session with each and every student so I can personally guide them in their education process and help them in absorbing the information of the course as well as its implementation live in real time in the market.
I don’t offer a quick-fix strategy to fix all your trading problems, what I do offer is a chance to have a professional trader guide you on your trading journey and help you get to a place where you can assess the market conditions and make trading decisions all on your own based on sound logic and nothing else.
The program is 3 months long and costs only $499.
During the 3 months of the program you will also get 3 months of free access to my trading floor which normally costs $99 per month on top of the course.
That makes the price of the program itself about $200!
The course is honestly very heavily undervalued.
I personally spent about $2K on my education in the first year for a mentorship program that lasted only 2 months and was overall 8 classes lasting 3 hours each and it only covered basics plus some pattern trading!
and over the years I have spent over $10K on various trading books and courses online and have absorbed all that information and have put the best parts of each of those courses together to create my own method and now I’m giving all of the best parts bundled up together for an affordable fee!
Most traders lose a lot of money with trial and error of methods that doesn’t work, so if you are one of them or don’t want to become one, now is your chance to have someone who is already making money from the market teach you how its done.
I personally have spent way more money on courses that I only hoped might add 2% to my ROI, because even if it thought me something that could add even a small percentage to my ROI, over the long haul it would pay for itself.
so think of the mentorship as an investment in your own future as a trader.
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If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.
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INTRODUCTION
Since the advent of Bitcoin a couple of years ago, the innovations of the blockchain technology that accompanied it has brought a lot of revolution to the crypto currency ecosystem. Indeed it has been demonstrated that concentrated systems have benefits, yet in the consistently changing and keen world we have seen that the weaknesses far exceeds the preferences. Previously and even as of now, some people set aside their opportunity to influence research and deliver, to produce or make valuable data. Just for it to either get stolen, or much more terrible utilized by people with great influence to their benefit, without the proprietor of the information having the scarcest thought. In this manner it is of sound thinking to state that in an incorporated framework, users don't have full control of their own data.
DISADVANTAGES OF NOT HAVING FULL DATA CONTROL
• Loss of riches :- Data is said to be equivalent to riches, yet the issue is how effectively would it be able to be changed over to riches? In a unified system this data can undoubtedly be stolen or took from the owners even without them knowing accordingly exchanging the proprietors riches and diligent work to somebody else.This issue is effectively settled wih the wibson stage which I will reveal more insight upon. • Security :- There are different kinds of information, and some are security based, when one doesn't have full control of it, the security of that individual might be at extraordinary hazard • Criminal society :- When individuals realize information can be taken from others, they get languid and choose to depend on taking information sort by others because of the reality they don't have full authority over them. This issue is likewise settled with the wibson platform
Wibson works with the transparent blockchain which makes it decentralized, with Wibson's decentralized decentralised marketplace for data, User can appreciate most extreme endeavors they put in creating information . With Wibson all clients have 1000% control of their information, and in this manner can adapt it in a hurry through the stages cell phone application. On wibson, information purchasers and dealers get together and choose the sort of information they are up to execute for, the dimension of protection of the information and the estimation of the Data .
THE BENEFITS OF WIBSON TO THE WORLD IN GENERAL
• WIBSON will reduce(terminate) information wrongdoing and burglary as all clients have full conyrol • Wibson will help make a world with extremely persevering individuals who will go out to the world research and make information realizing completely well they are in charge and can swing it to cash in the event that they so wish • Wibson will keep information from tumbling to the wrong hands , as the purchaser will pick a vender who will likewise guarantee responsibility for information when sold. • Your Data your decisions, individuals of the world can appreciate full advantages of making important information and make great benefit out of it .
I will go further into the wibson ecosystem in my next review, OWN YOUR DATA and be the best be with Wibson,
For more information about wimbson, visit here: http://wibson.org
BountyOx Username: Princedemog1
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Hi all, we've deployed a change today to how the exchange nomination works. There are two major changes:
What is the OMC definition of a trustworthy exchange?
We think that a trustworthy exchange, to start, should have:
To address real volume, we initially used the Bitwise report to determine the first ten trustworthy exchanges.
For subsequent exchanges, we've found that without a similar analysis, determining trustworthiness was a more difficult task. Hence, we've embarked on our own analysis, and now require exchange nominations to include an order book analysis. Not only will this focus the discussion on reddit, but will also be a concrete set of data for the OMC community to review.
What is an order book analysis?
The order book analysis required for every new exchange nomination is detailed in the participation guide. To start, we'll mirror the analysis inside of the Bitwise report, which focus on three specific analysis:
What about the existing exchanges in challenge?
The existing nominated exchanges and in challenge as of 3pm PST Apr 3rd will not require an order book analysis. However, without ample evidence that an exchange is trustworthy, the community should default to rejecting an exchange as we would rather not have false positives.
This is still a work in progress, if you have ideas about looking at trustworthiness of exchanges, comment below.
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'''
Hello r/Bitcoin!
I'm a crypto impact investor putting on a panel discussion in SF on the differences between BTC, BCH, and BSV and would love to have an expert on BTC from here to participate in the panel discussion.
More info about the event can be found here: [[link]2
If you are, know, or can recommend a good speaker to represent BTC I'd love to hear from you via the thread or DM.
Thank you!
'''
Looking for Bitcoin speaker for panel discussion in SF - April 10th
Author: /u/soccerguy12093
1: ww**faceb*ok.com/ev***s*42581391819***4/
2: www*fa*ebo*k.com/ev*nt**4**8139*81*3694/]^*1
Unknown links are censored to prevent spreading illicit content.
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Hello r/Bitcoin!
I'm a crypto impact investor putting on a panel discussion in SF on the differences between BTC, BCH, and BSV and would love to have an expert on BTC from here to participate in the panel discussion.
More info about the event can be found here: https://www.facebook.com/events/425813918193694/If you are, know, or can recommend a good speaker to represent BTC I'd love to hear from you via the thread or DM.
Thank you!
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I've always been skeptical of authority.
I've always felt that authority is exercised by those least qualified to wield it.
During the Occupy WallStreet protests we watched on as "authority" used violence and despotic tactics to undermine the efforts to bring the evils of the Central Banking system to light. Police and intelligence services infiltrated non-violent protest groups ; posed as protesters ; and then would instigate violence by looting, throwing rocks, etc. Authority was caught red-handed performing false-flag attacks against the Occupy Wallstreet protesters.
The narrative quickly shifted from exposing the Banking system to fighting police corruption/brutality.
Then Edward Snowden revealed and confirmed the biggest proven conspiracy to date. That the US Government was overtaken by the "Intelligence Services" ; that the US as a democratic, constitutional republic, no longer exists.
The leaked documents revealed that a massive Shadow government exists and has been executing a plan to monitor and have control over every aspect of every human beings life on planet Earth.
After the failure of Occupy Wallstreet many of us were livid. We didn't want to participate in this rigged game. But there was seemingly no way out. How can you fight a system that has a monopoly on the means of exchange? That has a monopoly on the concept of "value"?
That is where Bitcoin comes in. You can't fight the monolithic system. The Central banks have the world in a mass hallucination ; they are exercising mind-control on the greatest scale humanity has ever seen. The Central banks control the behavior of humans on the planet by having a monopoly on the ideas of "wealth" and "value".
You can't fight the system. Its like the Matrix; where anybody who hasn't "woken up" can be an "Agent Smith" ; fighting the system would be fighting every person who consciously or unconsciously supports the system.
The way to win; is to create a better system.
People will happily buy products at the supermarket made or harvested by slaves. They will never be convinced to do something that is "right" if it negatively impacts them in any way.
So we create a system that latches on to peoples sense of greed. Bitcoin will win out not because people want to overthrow the central banks en-mass; Bitcoin will win because individuals want the profit.
Bitcoin is the biggest threat of central banks and governments that has ever existed.
The source of power is peoples beliefs surrounding wealth and authority. The people have been brainwashed into believing that wealth and authority are one and the same.
People believe that for money to have value it must be issued by a government. This belief is what gives government power to issue fiat currency. Money that has value because the government says it has value.
Fiat currency is a dastardly, criminal trick perpetrated by the highest levels of "authority"; the FED, Central Bankers, and Treasury. They are truly Rats. Bitcoin is here to end their party. As Warren Buffet puts it "Bitcoin is like Rat Poison". ; Bitcoin will certainly act like rat poison to the central bankers.
Bitcoin proves that the value of money comes from People; not government decree.
Bitcoin proves that Central Banks are unnecessary
Bitcoin proves that intermediaries are not necessary for value transactions
Bitcoin proves that money can be global, border-less, and permission-less
Bitcoin proves that the Pen is Mightier than the sword. A significant portion of our military power is wielded to enforce economic priorities that improve the value of the USD. The US uses force and violence to create value for the USD. The USD requires a complex legal framework to prop up its value. Large sums of money are spent combating counterfeiting ; and billions in counterfeiting is gotten away with. With a few lines of code Bitcoin is entirely self-regulating. No need to use force or violence to give it value. No need to worry about counterfeiting. The system regulates and balances itself without any central authority.
Bitcoin is Law
Bitcoin is the definition of Wealth, Value, and Money
Bitcoin is Freedom
The world is malleable. We are all part of the New World Order ; its our responsibility to guide that Order in the right direction.
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source: https://bitcoinfees.earn.com/
This is this highest the recommended fee has been in recent memory. However, I suspect this is only the beginning. During the bull run of late 2017, we saw the recommended fee soar to as high as 990 satoshis/byte. I predict that in a few weeks time, 100 satoshis/byte will look incredibly cheap.
This time is different though: the market has a release valve in the form of Bitcoin Cash. During the last fee-event/bull-market, BCH was just getting started - it was still unproven. This time, BCH is battle-hardened, having withstood a massive divide-and-conquer attack. This time BCH has significantly more traction and merchant adoption.
Bottom line: rising fees are bad for BTC, good for BCH.
Hello r/Bitcoin!
I'm a crypto impact investor putting on a panel discussion in SF on the differences between BTC, BCH, and BSV and would love to have an expert on BTC from here to participate in the panel discussion.
More info about the event can be found here: https://www.facebook.com/events/425813918193694/
If you are, know, or can recommend a good speaker to represent BTC I'd love to hear from you via the thread or DM.
Thank you!
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I have followed the following guide but it didn't work!
https://www.youtube.com/watch?v=ykSFAs6S_Kg
I am thinking it is because of the following link that we were given to enter in Fulfillment as a webhook.
https://us-central1-bitcoin-info-io17.cloudfunctions.net/bitcoininfo
When i access that webpage i get the following message: *Action Error: Missing result from request body*
I would like to do this to begin with so that i can develop more complicated programs later on.
I'd really appreciate your help as i couldn't find a solution online. (note: I have very little to no programming knowledge)
Thanks! :)
Yesterday, Bitcoin price crossed $5,000 touching the highest level since November 2018. 🌵☀️ How big it influenced other markets? 🔥🔥
📈 The XRP/USD pair has hit the 50% Fibonacci retracement at the level of 0.36468 after the breakout from the consolidation zone has occurred last Monday.
Does the question remain whether it was a one-off event or is this a beginning of a new uptrend? 🏹 You can answer the video analysis below. ⬇️⬇️⬇️ Enjoy!
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Is Blockchain Technology the New Internet?
The blockchain is a verifiably bright innovation – the brainchild of an individual or gathering of individuals known by the nom de plume, Nakamoto. Be that as it may, from that point forward, it has advanced into something more noteworthy, and the primary inquiry everyone is asking is: What is Blockchain?
https://i.redd.it/vwhmx3fvm1q21.jpg
By enabling advanced data to be circulated however not duplicated, blockchain innovation made the foundation of another kind of web. Initially concocted for the computerized cash, Bitcoin, (Buy Bitcoin) the tech network has now discovered other potential uses for the innovation.
In this guide, we will disclose to you what the blockchain innovation is, and what its properties are that make it so interesting. Along these lines, we trust you appreciate this, What Is Blockchain Guide. What's more, on the off chance that you definitely comprehend what blockchain is and need to turn into a blockchain engineer please look at our top to bottom blockchain instructional exercise and make your absolute first blockchain.
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Me
I can do
My portfolio, I created all these projects
My technology stack
My advantages
Payment methods
TransferWise, Paypal, Bitcoin. 50% upfront, 50% after I finish the project and before I send you the final product/code. Negotiable.
Hours I can work
Depending on the project, I can work about 10~20 hours each week.
Where am I
I work remotely. I live in Beijing, China, GMT+8.
My fee and rate
I charge a fixed fee for each project.
My general fee is far lower than a senior developer with my experience level in the US Bay Area, but also don't expect my fee is as low as a middle level developer from other low end freelancer sites.
Approximate fee for typical projects, in USD
The fee varies depending on the project type and the technology, and negotiable.
You get more than what you pay for
If you are looking for high quality development and don't want to waste your time and money, contact me, you will get very good results for your money.
To contact me, either PM me on Reddit, or contact me on my personal website https://www.kbasm.com
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Welcome to the /r/Electra_Currency Weekly Discussion Thread
Current important posts
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I recently saw the site https://www.forks.net/list/Bitcoin/ which kind of left me baffled. people who have coins from pre 2017 in cold storage will have all those forked coins as well, as i understand.
now, how do people without a deep technical understanding go about this to either claim their forked coins or trade in the forked value back to their BTC wallet?
Is there a service (even if this sounds like an insane risky idea) where you can enter your keys and it automatically claims all forked coins, transfers them to an exchange, exchanges them for BTC and sends it back to a wallet you specify?
such service, even if it does sound like a terrible idea, would be really nice to have.
or at least thorough guides how to proceed without risking anything?
i really dont want to keep the forked coins, but i also dont wanna just ignore them and get the BTC equivalent back to me.
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