Does Supply and Demand Trading Work in 2020? Simplified ...

Price Action Trading- The Greatest System.

When I first started trading, I used to add all indicators on my chart. MACD, RSI, super trend, ATR, ichimoku cloud, Bollinger Bands, everything!
My chart was pretty messy. I understood nothing and my analysis was pretty much just a gamble.
Nothing worked.
DISCLOSURE- I've written this article on another sub reddit, if you've already read it, you make skip this one and come back tomorrow.
Then I learned price action trading. And things started to change. It seemed difficult and unreliable at first.
There's a saying in my country. "Bhav Bhagwan Che" it means "Price Is GOD".
That holds true in the market.
Amos Every indicator you see is based on price. RSI uses open/close price and so does moving average. MACD uses price.
Price is what matters the most.
Everything depends on the price, and then the indicators send a signal.
Price Action trading is trading based on Candlestick patterns and support and resistance. You don't use any indicators (SMA sometimes), use plot trend lines and support and resistance zones, maybe Fibs or Pivot points.
It is not 100% successful, but the win rate is quite high if you know how to analyse it correctly.
How To Learn Price Action Trading?
YouTube channels- 1. Trading with Rayner Teo. 2. Adam Khoo. 3. The Chart Guys. 4. The Trading Channel (and some other channels including regional ones).
Books- 1. Technical Analysis Explained. 2. The trader's book of volume. 3. Trading price action trends. 4. Trading price action reversals. 5. Trading price actions ranges. 6. Naked forex. 7. Technical analysis of the financial markets.
I think this is enough information to help you get started.
Price Action trading includes a few parts.
  1. Candlestick patterns You'll have to be able to spot a bullish engulfing or a bearish engulfing pattern. Or a doji or a morning star.
  2. Chart Patterns. The flag, wedge, channels or triangles. These are often quite helpful in chart analysis without using indicators.
  3. Support or Resistance. I've seen people draw 15 lines of support and resistance, this just makes your chart messy and you don't know where the price will take a support.
You can also you the demand and supply zone concept if you're more comfortable with that.
  1. Volume. There's a quote "Boule precedes price". Volume analysis is a bit hard, but it's totally worth learning. Divergence is also a great concept.
  2. Multiple time frames. To confirm a trend or find the long term support or resistance, you can use a higher time frame. Plus, it is more reliable and divergence is way stronger on it.
You can conclude everything to make a powerful system. Like if there's a divergence (price up volume down) and there's a major resistance on some upper level and a double top is formed,
That's a very reliable strategy to go short. Combinations of various systems work very good imo.
Does this mean that indicators are useless?
No, I use moving averages and RSI quite frequently. Using price action and confirming it through indicators gives me a higher win rate.
"Bhav Bhagwan Che".
-Vikrant C.
submitted by Vikrantc2003 to Daytrading [link] [comments]

Elliott Waves Series Part 2 - The Broad Concept

Elliott Waves Series Part 2 - The Broad ConceptYou can find Part 1 here: https://www.reddit.com/Forex/comments/hieuyw/introduction_to_elliott_wave_theory_overview_of/
The primary value that the Wave Principle (from here on out, abbreviated to WP) confers on market analysts is the ability to provide context for market behaviour. Having context is incredibly important. To put it simply, the WP can be thought of as a compass. Whenever you feel lost looking at a chart (ANY chart, ANY market!), the WP will help get you back on track.
Clearing Up Some Misconceptions About Elliott Wave Theory:

  1. R.N. Elliott first discovered the WP in the 1930s using charts of the stock market. Many misinformed people believe that the WP works “best” on stocks and has been adapted for use in other markets. This is simply false. To be clear - Elliott discovered the WP. He did not invent the WP. The WP is based on human social nature and therefore it cannot be invented. It has always existed. What Elliott did was to start codifying rules and guidelines around how human social nature can be charted. Ultimately, Elliott’s objective was to be able to predict future human behaviour using the historical record. The expression of human social nature generates forms and patterns. As these forms and patterns repetitive, they have enormous predictive value.

  1. Another major misconception around the WP is that it requires a lot of discretionary analysis, and more often than not, analysts shoehorn price action to fit the Elliott Wave model. In fact, the WP has very clear rules (these rules are inviolate under any circumstance) and guidelines (these guidelines should be adhered to almost 100% of the time). While there is a discretionary element involved in counting waves, properly trained wave analysts will ultimately arrive at a consensus because following the rules and guidelines narrows the possible wave counts very quickly. Very often Wave analysts will have 2 counts at hand in terms of where they think the market is presently situated. These counts are known as the preferred count and the alternative count. These counts are validated and invalidated using price levels derived from Elliott’s rules and guidelines. The most dissent I expect from two educated Wave analysts is that one analyst’s preferred count could be the other’s alternative count. This dissent quickly resolves itself as the price action develops and validates or invalidates one count or the other. This dissent usually occurs based on wave patterns of one higher degree. It is very rare that I have seen dissent on immediate market movements.

  1. I didn’t know this was a major misconception, but someone brought this up in my first post, “I stated that Elliott Theory has better success when working in consolidations or extreme ranging markets.” This is completely false. The WP doesn’t work better or worse regardless of the market or the market conditions. That would be like saying that breathing air only works occasionally. The WP is NOT a strategy, it is the definitive model for charting human herding behaviour. Human behaviour does not show up only in periods of consolidation or range-bound markets. The markets are themselves driven by human behaviour, therefore the WP is always equally applicable. From a trading perspective, the WP is perfectly suited to capturing trends.

  1. Well, what about news events? What about supply and demand theory? What about fundamentals?! Doesn’t any of this stuff matter?? In short, the answer is no. I have previously stated that I am a macro-based investor. This is certainly true. Much of the research I consume has to do with market fundamentals and global-macro analysis. This research helps me form a view that I can overlay with the WP. From a trading perspective, when it comes to actually pulling triggers and taking positions, my decisions are always guided first and foremost by the WP. Here is a fantastic quotation from Bob Prechter on this topic, “Sometimes the market appears to reflect outside conditions and events, but at other times it is entirely detached from what most people assume are causal conditions. The reason is that the market has a law of its own. It is not propelled by the external causality to which one becomes accustomed in the everyday experiences of life. The path of prices is not a product of news. Nor is the market the cyclically rhythmic machine that some declare it to be. Its movement reflects a repetition of forms that is independent both of presumed causal events and of periodicity.”
The Bottom Line:
Elliott Wave Theory is the best forecasting tool in existence. It has determined that the market’s progression unfolds in waves. Waves can be thought of as patterns that carry the market in a direction. There are a fixed number of the different kinds of patterns these waves can take. If you really boil this down to its essence, successfully applying the WP is as simple as identifying what kind of wave the market is currently in.
I will end this now. The next part will deal with the overriding wave structure that the market is in, the different kinds of waves we will see, and why this wave structure exists in the first place.
submitted by ParallaxFX to Forex [link] [comments]

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

Author: Christian Hsieh, CEO of Tokenomy
This paper examines some explanations for the continual global market demand for the U.S. dollar, the rise of stablecoins, and the utility and opportunities that crypto dollars can offer to both the cryptocurrency and traditional markets.
The U.S. dollar, dominant in world trade since the establishment of the 1944 Bretton Woods System, is unequivocally the world’s most demanded reserve currency. Today, more than 61% of foreign bank reserves and nearly 40% of the entire world’s debt is denominated in U.S. dollars1.
However, there is a massive supply and demand imbalance in the U.S. dollar market. On the supply side, central banks throughout the world have implemented more than a decade-long accommodative monetary policy since the 2008 global financial crisis. The COVID-19 pandemic further exacerbated the need for central banks to provide necessary liquidity and keep staggering economies moving. While the Federal Reserve leads the effort of “money printing” and stimulus programs, the current money supply still cannot meet the constant high demand for the U.S. dollar2. Let us review some of the reasons for this constant dollar demand from a few economic fundamentals.

Demand for U.S. Dollars

Firstly, most of the world’s trade is denominated in U.S. dollars. Chief Economist of the IMF, Gita Gopinath, has compiled data reflecting that the U.S. dollar’s share of invoicing was 4.7 times larger than America’s share of the value of imports, and 3.1 times its share of world exports3. The U.S. dollar is the dominant “invoicing currency” in most developing countries4.

https://preview.redd.it/d4xalwdyz8p51.png?width=535&format=png&auto=webp&s=9f0556c6aa6b29016c9b135f3279e8337dfee2a6

https://preview.redd.it/wucg40kzz8p51.png?width=653&format=png&auto=webp&s=71257fec29b43e0fc0df1bf04363717e3b52478f
This U.S. dollar preference also directly impacts the world’s debt. According to the Bank of International Settlements, there is over $67 trillion in U.S. dollar denominated debt globally, and borrowing outside of the U.S. accounted for $12.5 trillion in Q1 20205. There is an immense demand for U.S. dollars every year just to service these dollar debts. The annual U.S. dollar buying demand is easily over $1 trillion assuming the borrowing cost is at 1.5% (1 year LIBOR + 1%) per year, a conservative estimate.

https://preview.redd.it/6956j6f109p51.png?width=487&format=png&auto=webp&s=ccea257a4e9524c11df25737cac961308b542b69
Secondly, since the U.S. has a much stronger economy compared to its global peers, a higher return on investments draws U.S. dollar demand from everywhere in the world, to invest in companies both in the public and private markets. The U.S. hosts the largest stock markets in the world with more than $33 trillion in public market capitalization (combined both NYSE and NASDAQ)6. For the private market, North America’s total share is well over 60% of the $6.5 trillion global assets under management across private equity, real assets, and private debt investments7. The demand for higher quality investments extends to the fixed income market as well. As countries like Japan and Switzerland currently have negative-yielding interest rates8, fixed income investors’ quest for yield in the developed economies leads them back to the U.S. debt market. As of July 2020, there are $15 trillion worth of negative-yielding debt securities globally (see chart). In comparison, the positive, low-yielding U.S. debt remains a sound fixed income strategy for conservative investors in uncertain market conditions.

Source: Bloomberg
Last, but not least, there are many developing economies experiencing failing monetary policies, where hyperinflation has become a real national disaster. A classic example is Venezuela, where the currency Bolivar became practically worthless as the inflation rate skyrocketed to 10,000,000% in 20199. The recent Beirut port explosion in Lebanon caused a sudden economic meltdown and compounded its already troubled financial market, where inflation has soared to over 112% year on year10. For citizens living in unstable regions such as these, the only reliable store of value is the U.S. dollar. According to the Chainalysis 2020 Geography of Cryptocurrency Report, Venezuela has become one of the most active cryptocurrency trading countries11. The demand for cryptocurrency surges as a flight to safety mentality drives Venezuelans to acquire U.S. dollars to preserve savings that they might otherwise lose. The growth for cryptocurrency activities in those regions is fueled by these desperate citizens using cryptocurrencies as rails to access the U.S. dollar, on top of acquiring actual Bitcoin or other underlying crypto assets.

The Rise of Crypto Dollars

Due to the highly volatile nature of cryptocurrencies, USD stablecoin, a crypto-powered blockchain token that pegs its value to the U.S. dollar, was introduced to provide stable dollar exposure in the crypto trading sphere. Tether is the first of its kind. Issued in 2014 on the bitcoin blockchain (Omni layer protocol), under the token symbol USDT, it attempts to provide crypto traders with a stable settlement currency while they trade in and out of various crypto assets. The reason behind the stablecoin creation was to address the inefficient and burdensome aspects of having to move fiat U.S. dollars between the legacy banking system and crypto exchanges. Because one USDT is theoretically backed by one U.S. dollar, traders can use USDT to trade and settle to fiat dollars. It was not until 2017 that the majority of traders seemed to realize Tether’s intended utility and started using it widely. As of April 2019, USDT trading volume started exceeding the trading volume of bitcoina12, and it now dominates the crypto trading sphere with over $50 billion average daily trading volume13.

https://preview.redd.it/3vq7v1jg09p51.png?width=700&format=png&auto=webp&s=46f11b5f5245a8c335ccc60432873e9bad2eb1e1
An interesting aspect of USDT is that although the claimed 1:1 backing with U.S. dollar collateral is in question, and the Tether company is in reality running fractional reserves through a loose offshore corporate structure, Tether’s trading volume and adoption continues to grow rapidly14. Perhaps in comparison to fiat U.S. dollars, which is not really backed by anything, Tether still has cash equivalents in reserves and crypto traders favor its liquidity and convenience over its lack of legitimacy. For those who are concerned about Tether’s solvency, they can now purchase credit default swaps for downside protection15. On the other hand, USDC, the more compliant contender, takes a distant second spot with total coin circulation of $1.8 billion, versus USDT at $14.5 billion (at the time of publication). It is still too early to tell who is the ultimate leader in the stablecoin arena, as more and more stablecoins are launching to offer various functions and supporting mechanisms. There are three main categories of stablecoin: fiat-backed, crypto-collateralized, and non-collateralized algorithm based stablecoins. Most of these are still at an experimental phase, and readers can learn more about them here. With the continuous innovation of stablecoin development, the utility stablecoins provide in the overall crypto market will become more apparent.

Institutional Developments

In addition to trade settlement, stablecoins can be applied in many other areas. Cross-border payments and remittances is an inefficient market that desperately needs innovation. In 2020, the average cost of sending money across the world is around 7%16, and it takes days to settle. The World Bank aims to reduce remittance fees to 3% by 2030. With the implementation of blockchain technology, this cost could be further reduced close to zero.
J.P. Morgan, the largest bank in the U.S., has created an Interbank Information Network (IIN) with 416 global Institutions to transform the speed of payment flows through its own JPM Coin, another type of crypto dollar17. Although people argue that JPM Coin is not considered a cryptocurrency as it cannot trade openly on a public blockchain, it is by far the largest scale experiment with all the institutional participants trading within the “permissioned” blockchain. It might be more accurate to refer to it as the use of distributed ledger technology (DLT) instead of “blockchain” in this context. Nevertheless, we should keep in mind that as J.P. Morgan currently moves $6 trillion U.S. dollars per day18, the scale of this experiment would create a considerable impact in the international payment and remittance market if it were successful. Potentially the day will come when regulated crypto exchanges become participants of IIN, and the link between public and private crypto assets can be instantly connected, unlocking greater possibilities in blockchain applications.
Many central banks are also in talks about developing their own central bank digital currency (CBDC). Although this idea was not new, the discussion was brought to the forefront due to Facebook’s aggressive Libra project announcement in June 2019 and the public attention that followed. As of July 2020, at least 36 central banks have published some sort of CBDC framework. While each nation has a slightly different motivation behind its currency digitization initiative, ranging from payment safety, transaction efficiency, easy monetary implementation, or financial inclusion, these central banks are committed to deploying a new digital payment infrastructure. When it comes to the technical architectures, research from BIS indicates that most of the current proofs-of-concept tend to be based upon distributed ledger technology (permissioned blockchain)19.

https://preview.redd.it/lgb1f2rw19p51.png?width=700&format=png&auto=webp&s=040bb0deed0499df6bf08a072fd7c4a442a826a0
These institutional experiments are laying an essential foundation for an improved global payment infrastructure, where instant and frictionless cross-border settlements can take place with minimal costs. Of course, the interoperability of private DLT tokens and public blockchain stablecoins has yet to be explored, but the innovation with both public and private blockchain efforts could eventually merge. This was highlighted recently by the Governor of the Bank of England who stated that “stablecoins and CBDC could sit alongside each other20”. One thing for certain is that crypto dollars (or other fiat-linked digital currencies) are going to play a significant role in our future economy.

Future Opportunities

There is never a dull moment in the crypto sector. The industry narratives constantly shift as innovation continues to evolve. Twelve years since its inception, Bitcoin has evolved from an abstract subject to a familiar concept. Its role as a secured, scarce, decentralized digital store of value has continued to gain acceptance, and it is well on its way to becoming an investable asset class as a portfolio hedge against asset price inflation and fiat currency depreciation. Stablecoins have proven to be useful as proxy dollars in the crypto world, similar to how dollars are essential in the traditional world. It is only a matter of time before stablecoins or private digital tokens dominate the cross-border payments and global remittances industry.
There are no shortages of hypes and experiments that draw new participants into the crypto space, such as smart contracts, new blockchains, ICOs, tokenization of things, or the most recent trends on DeFi tokens. These projects highlight the possibilities for a much more robust digital future, but the market also needs time to test and adopt. A reliable digital payment infrastructure must be built first in order to allow these experiments to flourish.
In this paper we examined the historical background and economic reasons for the U.S. dollar’s dominance in the world, and the probable conclusion is that the demand for U.S. dollars will likely continue, especially in the middle of a global pandemic, accompanied by a worldwide economic slowdown. The current monetary system is far from perfect, but there are no better alternatives for replacement at least in the near term. Incremental improvements are being made in both the public and private sectors, and stablecoins have a definite role to play in both the traditional and the new crypto world.
Thank you.

Reference:
[1] How the US dollar became the world’s reserve currency, Investopedia
[2] The dollar is in high demand, prone to dangerous appreciation, The Economist
[3] Dollar dominance in trade and finance, Gita Gopinath
[4] Global trades dependence on dollars, The Economist & IMF working papers
[5] Total credit to non-bank borrowers by currency of denomination, BIS
[6] Biggest stock exchanges in the world, Business Insider
[7] McKinsey Global Private Market Review 2020, McKinsey & Company
[8] Central banks current interest rates, Global Rates
[9] Venezuela hyperinflation hits 10 million percent, CNBC
[10] Lebanon inflation crisis, Reuters
[11] Venezuela cryptocurrency market, Chainalysis
[12] The most used cryptocurrency isn’t Bitcoin, Bloomberg
[13] Trading volume of all crypto assets, coinmarketcap.com
[14] Tether US dollar peg is no longer credible, Forbes
[15] New crypto derivatives let you bet on (or against) Tether’s solvency, Coindesk
[16] Remittance Price Worldwide, The World Bank
[17] Interbank Information Network, J.P. Morgan
[18] Jamie Dimon interview, CBS News
[19] Rise of the central bank digital currency, BIS
[20] Speech by Andrew Bailey, 3 September 2020, Bank of England
submitted by Tokenomy to tokenomyofficial [link] [comments]

FAQ ー Telcoin

FAQ ー Telcoin

FAQ | White Paper

https://preview.redd.it/m3ryzxz5cts11.jpg?width=5000&format=pjpg&auto=webp&s=28e45d995ae9eb85ae9e3800f12e1986cc8e098f
What is Telcoin?
Telcoin is a new currency distributed and accepted by mobile operators, aiming to facilitate financial inclusion via payments, remittances, credit, and various financial services on the blockchain.
How does Telcoin work?
Mobile money subscribers will have the ability to buy/sell/send Telcoin to other mobile wallets using their mobile operators as an intermediary. Telcoin will be distributing a predetermined number of tokens to telecom partners, based on their level of adoption (see Issuance Model in the whitepaper).
How does one acquire Telcoin?
Telcoin ICO is over and can be acquired by purchasing on exchanges or from your mobile operator (Q1 2019). Please refer to Coinmarketcap to view which exchanged Telcoin is currently listed on.
What value does Telcoin provide?
Financial Inclusion - providing a way for unbanked/underbanked mobile users to send/receive money instantly across the globe.
Reduced Rates - when subscribers purchase/sell Telcoin to/from mobile money, Telcoin will only charge a fee for the conversion of Telcoin to mobile money.
No bank? No Problem! - Subscribers do not need a bank account in order to buy/sell/send Telcoin as all transactions are done through their respective telecom service. All that is needed is a mobile wallet and a mobile provider subscription.
Why partner with Telecoms?
Telecoms are integral to our entire strategy of promoting financial inclusion. They alleviate the key points of friction that have plagued other regular cryptocurrencies: Trust, Reach, and KYC.
How are they chosen?
We carefully screen each telecom we choose to partner with and focus on its number of subscribers, geographical region, security, credibility, and more.
Will telecoms use their own wallet?
Telcoin will be partnering with leading wallet providers to be used by Telcoin holders. If telecoms already have their own wallet and want to offer Telcoin, we will work with them to integrate it into their current offering.
How will the coins be distributed to telecoms?
Telcoin has created an issuance model to support the adoption, promotion, and integrity of our token and distribution will depend on stages of Telcoin integration. Half of all Telcoin supply will be set aside for mobile network issuance at a linear rate of 5% annually based on the following model:
Connect with Telcoin (10%)
Validate network size (10%)
Telcoin exchange volume (50%)
Compliance maturity (30%)
How will you demonstrate proof of concept (POC)?
We will incentivize operations to integrate with Telcoin in a staged manner starting with a POC trial agreement. These include:
Exchange Demonstration: Conversion to and from Telcoin and partner mobile money
Remittance Demonstration: Remittance to/from up to four (4) foreign mobile networks
Roaming Demonstration: inbound and/or outbound roaming payment with four (4) partners
In connection with the preparation of the POC, Telcoin shall conduct a survey of regulatory feasibility for Exchange Capability in the Partner’s market. In doing so the partner will provide Telcoin with reasonable assistance in connection with interactions with any Regulatory Authorities;
With that, Telcoin and partners will cooperate in exploring the business case for providing Exchange Capability to the Partner’s subscribers, in accordance with any requirements stipulated by Regulatory Authorities.
How will you regulate their use of Telcoin?
Established agreements between Telcoin and telecoms will ensure that there are no irregularities in their use of Telcoin, and will also ensure proper liquidity and regulatory compliance. Telcoin’s held by partner operators will be an asset of the company itself - technically a Telcoin wallet that belongs to the operator but is managed by Telcoin. Therefore, we will have complete transparency in Telcoin usage and issuance.
Can existing mobile operators infrastructure handle this new technology?
Telcoin will be primarily responsible for the integration and oversight of the Telcoin API that partner operators will use. We will do all of due diligence during our POC stage in order to identify any incompatibilities before tokens are distributed.
Who will monitor compliance on both the Telcoin and the telecom sides?
As for regulations, we will be hiring compliance officers to make sure that, as we traverse regions, Telcoin is compliant with local regulations. On the telecom side, we will be monitoring the supply/demand/security via our Telcoin API and other complementary software that will provide us with real time oversight.
What if the telecoms decide to just sell all their Telcoin on an exchange?
Albeit being theoretically possible, we feel that this would not be the case with the partnerships that we will establish. As per our stipulations, if a telecom were to dump their coins, we would restrict their supply by 50%.
How will you ensure that telecoms maintain a healthy level of liquidity?
Using our issuance model we believe that the liquidity pressure should be alleviated as telecoms should have enough Telcoin in their own wallet to be able to buy and sell to their subscribers, especially when early adopters will receive an outsized share of initial issuance.
Is Telcoin a Security?
Telcoin is NOT a security! Our token is a cryptocurrency and is meant to be used as another currency by the end user. Telcoin is not meant to be used as any sort of investment. We are simply providing a currency to telecoms and will not generate profits though the activity of its issuing company. We are fully compliant and we are not considered a security based on the Securities Exchange Act 1934 (US).
How many Telcoins will be issued?
Total Volume: 100,000,000,000
Isn't speculation and volatility a problem for Telcoin?
As it is with any cryptocurrency. With Telcoin however, the user will not be encumbered by the volatility as we do not require users to hold Telcoin at all times. Moreover, they can also change their tokens to mobile money instantly when they choose. We will also offer risk mitigating financial products at an additional fee (currency spot forward contracts).
How will you mitigate the risk of currency fluctuations along remittance corridors?
We will analyze each corridor and then perform basic forex hedging to mitigate the fiat currency exchange risk.
How will Telcoin deal with potential liquidity issues?
Liquidity management is a broad topic that can’t be entirely addressed in a FAQ answer. Our advisor Chris Suh helped us setup a proper treasury management strategy for us to make sure our model works. Telcoin will set aside 5% of supply as a liquidity fund to be available for sale to telecoms with demand for Telcoin that exceeds their issuance supply.
How will you prevent larger current incumbents from copying your idea?
In the long run, there is never any certainty that larger established organizations couldn’t. But, given our first mover advantage, our team’s deep experience in the telecom space, and intimate knowledge/relationships with the telecoms, we feel that the barriers to entry for current incumbents would prevent then from entering quickly.
How do remittances work?
It takes a while to explain, but here's a video :D
What is mobile money?
Mobile Money is an electronic wallet service that lets users store, send, receive and make payments using local currency money via their mobile device. Mobile money can be sent using smartphone apps or USSD on feature phones ("#123..."). Mobile money essentially amounts to a limited-use bank account that is tied to a mobile phone user's phone number, administered by their mobile operator, and typically backed by a local bank.
What is a mobile wallet and do I have control over it?
Of course you do, it’s yours! A mobile wallet is simply a secure wallet on your phone that is used in place of cash/plastic in a traditional tangible wallet to purchase everyday goods/services.
How difficult is it to make a Telcoin remittance?
Making a Telcoin remittance is super easy, just as any remittance should be! You can send your Telcoin to another mobile wallet quickly and easily using our provided wallet and our telcoin API’s. All you have to do is convert the Telcoin to mobile money (fiat, prepaid or postpaid balance too) and you’re done! Once received, the Telcoin can be converted into mobile money (fiat, prepaid or postpaid balance).
How much will the transaction fee be?
Telcoin charges a 0.5% transaction fee for conversions between Telcoin and mobile money.
Can I mine Telcoin?
No. According to our issuance model, all coins are mined at the beginning and distributed over time.
What happens if my phone is stolen with my mobile wallet on it?
Your default mobile wallet will be a two out of three multi-signature wallet, with keys stored by your telecom operator and by Telcoin. By default, if a suspicious transfer happens, you will have to authenticate in order to obtain another key, which will protect you against stolen or lost phones.
As described in your white paper, what is your “risk mitigating financial products” you offer?
Spot-forward for remittances is an example of a risk-mitigating financial product. Hedging you against the volatility of Telcoin when you’re sending money abroad.
Where should I store my Telcoin?
Telcoin is supported by the following wallets:BRD, Ethos, Nano Ledger S, MyEtherWallet, MyCrypto, IMToken and any other wallet that supports ERC20 tokens.
Will Telcoin ever consider moving TEL off of the Etherum blockchain?
Telcoin will develop a blockchain research and development plan for long term scalability and security.
Why does Telcoin use a private Github repo?
As a company we choose to protect our intellectual property. Although we plan on publishing certain components, Telcoin does not plan on being fully open source. No one will be able to go to github, take our code and replicate our product.
I'd like to learn more. Where can I get help or who do I speak to?
Join our Telegram
submitted by kevin_telcoin to Telcoin [link] [comments]

Crypto exchange trade. Remember psychology!

https://medium.com/@sergiygolubyev/crypto-exchange-trade-remember-psychology-6d4433569d9d
Crypto Exchange is a high-tech platform in which all trade transactions are conducted using modern software created based on the latest IT solutions. The emergence of new types of currencies, in particular cryptocurrencies, gives a chance for the rapid development of the world economy as a whole. In turn, structural changes in the international economic system gave impetus to the emergence and development of new types of exchange technologies. Thus, crypto exchanges appeared which allowed its participants anywhere in the world to buy, sell and exchange one cryptocurrency for others, or for fiat of other countries. Each crypto exchange tries to offer customers convenient ways to convert financial instruments, and provides the ability to conduct transactions on its own terms. The high rates of development and distribution of cryptocurrencies, which are based on Blockchain, as well as the gradual wide recognition by the world community and leading economists, ensure the further improvement of exchange technologies. This means that in an effort to provide the most comfortable conditions for its customers, each crypto exchange will take them to an ever-higher quality level of service with innovative nuances. But at the same time, within the framework of the technological process of stock trading, which is available to users (from professional traders to amateurs), the question of psychology and its role in the decision making has not been canceled. Successful trading depends on 70% primarily on the psychology of a trader and only 30% on the trading scheme/strategy.
Trading on the exchange, it is necessary to develop discipline, self-control and be able to respond quickly to changing stock charts. All this will allow you to earn and minimize your losses more effectively. Everyone should remember, from the amateur to the professional, that in the financial markets you can not only earn money, but also lose money. Cryptocurrency rates are still subject to political and regulatory influences; their value is influenced by the reputation of the company's founders, informational insertions about blockchain projects and plans for their further development, scandals and disclosures. Nevertheless, there are simple rules for successful trading from the field of psychology, which will reduce the risks when trying to make money on cryptocurrency and not only. There are a number of problems that always hinder every beginner - amateur:
· Excitement
· Fear
· Greed
· Unwillingness to learn new things
· Imaginary visualization of results
All these problems have psychological aspects. Emotions, feelings and desires significantly influence the trading decisions made by the trader. This happens all the time, not only on traditional exchanges, but also in the cryptocurrency sphere as well. Excitement is an emotional state when it seems to a person that he is lucky, and as the series of successful transactions continues, he performs larger by volume financial transactions. Often, the excitement motivates to turn away from long-term transactions and trends, and look towards short-term operations. After all, it seems that the more often you successfully complete operations, the more capital you earn. Not at all! The more often you make mistakes, leading to a default on your account. Money only is earned on long-term trends and operations. Traders are often worried, fearing an unsuccessful deal closing.
Of course, a loss is bad, but sometimes it is better to close a position in minus than to lose a large amount only because of the hope of a quick price reversal. Therefore, fear often pushes for the wrong strategic decisions. Fear of loss as a result becomes a sentence for your positioning in profit. On the same face with fear, if not strange, is the factor of greed. Having essentially a different source of inspiration, greed, like fear, leads to a generally pitiable result — to the default of your trading account. The reluctance to learn new strategies, technologies, and denial of forecasting also leads to failure. Successful is who always strives to learn new things, and perceives the fact and necessity of continuous learning. Since learning is a process of striving for the progress of its results and professional qualities. Another scourge - Wish list or visualization. Everyone wants to see the price move in the right direction. This is pretty dangerous. By visualizing the price jump in the right direction, you can dream and invest too much in cryptocurrency. This will lead to losses. Here you should always remember to diversify your investments. Remember your psychological portrait even when you program your trading strategies, algorithms and bots. After all, your algorithm is essentially your psychological portrait. Finally, the above-mentioned flaws, especially in the strategy can dominate and damage your deposit and reputation. The main signs of competent crypto-trade are the same as on other exchanges (such as FOREX). This is a kind of algorithm for a sustainable profit strategy:
· Risk no more than 10% of the deposit
· Use risk per trade of 5% or less
· Do not close profitable deals too early
· Do not accumulate losing trades
· Fix quick speculative profit
· Respect the trend
· Pay more attention to liquid assets (cryptocurrency)
· Set your personal entry and exit rules for trades and stick to them
· Long-term trading strategy gives you maximum steady profits
· Do not use the principles of Martingale tactics if there is no experience. You cannot double the volume of the transaction, if it closed in the red zone. If a loss was incurred, then the cryptocurrency market situation was predicted incorrectly and it was necessary to work on improving the analytical skills, and not to conclude a larger deal, which probably also closes in the negative
It is obvious that the psychology of trading significantly affects the performance of stock speculation both in the traditional market and in the field of cryptocurrency. It is important to remember that the success of a person in any field of activity depends on the emotional component, namely the internal balance. Exchange trading is a nervous activity, and if you do not learn to take emotions under control, the results can be disastrous. The basis for achieving success in stock trading, in my opinion, are two fundamental factors. The first factor relates to the field of formulation of the trading idea, and the second - to the area of ​​its implementation.
To formulate a trading idea, on the one hand, methods of technical and fundamental analysis are used to select an exchange instrument and determine the moment of opening and closing a position on it. On the other hand, capital management methods are used to determine the optimal size of the position being opened. As you know, without these two crucial moments it is impossible to achieve stable success in stock trading. As experience shows, for the most part, people have enough intelligence to master all the necessary theoretical knowledge of technical and fundamental analysis in a few months of intensive training. There are no special intellectual difficulties. But, as the same experience shows, this is clearly not enough for successful exchange trading, since all knowledge may turn out to be a useless load if the second success factor is not sufficiently present - the practical implementation of trading ideas, which is no longer based on the intellectual sphere, and psycho-emotional. It is within this area that the main problem arises for many traders, which prevents the receipt of stable profits. As a rule, this is due to the psycho-emotional profile of a person. It depends on how the trader will behave in the psychologically stressful situations that the exchange trading is full of. Inherent in all human emotions and feelings - fear, greed, excitement, envy, hope, etc. very often have a decisive influence on the behavior of traders, not allowing them to follow strictly the trading strategy and plan, even if they have one. From a psychological point of view, the process of stock exchange activity can be divided into stages, after which the trader can return to the starting point. The above scenarios and risk factors are one of the options for the behavior of an exchange speculator; however, it often happens exactly the opposite. Having suffered losses from his first transactions in the market, the trader loses interest in exchange trading, he gives up and he falls into despair. In this case, the first step to victory is the admission of defeat. It would seem silly and ridiculous, but it works. After that, there are two options: either the trader leaves the exchange forever, or returns to the battlefield. Such “returns” may occur more than once. In addition, at some other time, after repeated analysis of his actions, mistakes made and their consequences, a person from a beginner begins to turn into an experienced trader, which is marked by the stability of his activity and, perhaps, by slow, but surely growth of his deposit and profit. The psychological basis for success in trading, which leads to victory and the absence of which is equivalent to defeat, are as follows:
· It is not only the lack of self-control, discipline and focus on the process that causes the defeat
· Self-control, discipline and ability to concentrate is not enough to achieve success
· To achieve success, it is equally important to be able to adapt to changes
In principle, one can consider the idea that traditional approaches to the psychology of trading are limited. In the majority of benefits for traders, the key qualities necessary for successful exchange trading are only self-control and discipline. Of course, these qualities are necessary in any field of business activities. Trading is not an exception, especially considering that it is in the risk zone. But self-control and discipline are not enough to achieve success. Trading is a business. Moreover, any business does not stand still. You cannot find a formula for success and use it forever. You will need to monitor trends and constantly look for new successful solutions.
The main feature of a successful trader is adaptability to changes. The lack of development leads to defeat, large monetary losses. Many technology companies continued to produce stationary computers when laptops became popular. The same companies continued to produce laptops when tablets appeared and became popular. The products of these companies were of high quality, and their employees organized pre-set tasks in an organized manner. But they lost large sums due to the fact that they could not adapt to changes in demand. If we draw a parallel with the sphere of investment, the similarities will become noticeable. The stock market, like any other subject to change. One period is replaced by another. Those methods that allowed achieving success in the previous period can lead to failure in the current. The key concept in stock trading is volatility. The change in this indicates the onset of a new period. When volatility increases, trade becomes more risky. Accordingly, with a decrease in this indicator, the degree of risk during trading operations decreases. With a high level of volatility, trends most often unfold. Strong and weak positions can be swapped out. With a high level of volatility, trends continue for some time. From the foregoing, it should be concluded that market processes and methods during periods of high and low volatility differ strongly. You cannot use the same methods during changing market trends. Often it is the adherence to the previous methods, excessive discipline leads to collapse as well. The fact that the investor was defeated does not mean that he suddenly became morally unstable, unorganized. Trading is trading.
Therefore, we have every right to assert that under the psychology of trade in the markets is meant human preparedness for the risks that inevitably accompany any activity. Trading on the stock exchange is based on the interaction of the three most important components: capital management, analysis, and the psychology of trading (which cannot be considered in conjunction with the other aspects of trading). The psychology of human behavior is a source for understanding what is happening in financial markets. The source for understanding the events occurring in the financial markets and the behavior of traders during exchange trading is the psychology of the human person. Emotions — greed, fear, doubt, hope, a sense of self-preservation — are peculiar to any person in life — are clearly manifested in the hard rhythm of decision-making during the dynamic course of exchange trading (which was partially considered above). Knowledge of the human psychology and their behavioral characteristics must be used to achieve success. The psychology of a trader is formed from a multitude of grains - it is a belief in what one does in the stock market, in one’s actions, in own system of one’s decisions, in trading method. In addition, the psychology of a trader is that one can unload oneself emotionally, one does not accept the intellectual challenge that the stock market carries. On the contrary, becomes restrained, calm when making decisions on operations in the stock market. There are many situations where a trader expresses his attention and focus; he does not disperse it on the tracking of news factors or on the receipt of stimuli from the news agencies. Consequently, the crowd psychology is the factor that makes prices move, therefore, in addition to assessing one's own psychological state, one must be sensitive to changes in the mood of other market participants, move in the flow, not against it, and then success will not take long.
Of course, you can argue that why do I need this psychology? After all, besides creating your own strategies and individual work, some exchanges (including crypto exchanges) allow minimizing risks by following the strategies of experienced traders; this service is called a PAMM account. PAMM provides an opportunity for clients (Subscribers) to follow the trading strategy of experienced and professional traders (Providers). Provider's trading results are publicly available. With the help of the rating of accounts, graphs of profitability and reviews of other traders, you can choose the most suitable Provider and begin to follow his strategy. Again, in this case, the provider is a human with all the ensuing consequences. And psychological aspects are not foreign to professionals as well, including victories and mistakes. The financial market attracts people the possibility of obtaining independence, including financial. A successful trader can live and work in any country in the world without having either a boss or subordinates. The motivation of people on the exchanges can be different: from getting a higher percentage than from a bank to making several thousand dollars a day. At the same time, there are two main categories of people in the financial market (including cryptocurrencies): investors who acquire assets or currency for a relatively long period, and speculators who profit from changes in the prices of certain assets for short periods. Many believe, an easy way to make money is not for everybody. First, the skillful use and manipulation of the psychological aspects of a human make it possible to become a speculator. And this, of course, in addition to knowledge and analytical skills. Experience shows that successful speculation is the right state of mind. It would seem that this is the simplest thing that can be acquired by human. But in fact, this self-tuning is available to very few. It is also necessary to distinguish the psychology of the market and the personal psychology of the trader. The behavior of the market as a whole depends on people, since it is the stock market crowd that determines its direction. However, quite often traders lose sight of the most important component of victory - managing their personal emotions, that is, their psychology. Without control over oneself, there can be no control over one’s trading capital. If a trader is not tuned to the trend range of the stock crowd, if he does not pay attention to changes in her psychology, then he will also not achieve significant success in trading. To succeed on the exchange, one needs to take a sober look at exchange trading, recognize its trends and their changes, and not waste time on dreams or lamenting about failures.
Any price of a financial instrument is a momentary agreement on its value, reached by a market crowd and expressed in the fact of a transaction, i.e. it is the equilibrium point between the players for a rise and a fall, or the "equilibrium" price. Crowds of traders create asset prices: buyers, sellers and fluctuating market watchers. Charts of prices and trading volumes reflect the psychology of the exchange. In addition, this is always worth remembering! After all, the main purpose of the presence of the analysis of psychology in stock trading is not the quantity, but the quality of transactions. A person striving to become a good trader needs to remember the words of DiNapoli, a well-known stock exchange trader: “The most important trading tool is not a computer, not a service for supplying information, or even methods developed by a trader. It is he himself! If a trader is not suitable for this - he should not trade at all”! Therefore, before pushing orders on the trading platform, think about whether you are suitable for this role.
Join chat — https://t.me/joinchat/AAAAAE84vCXg5PK-VpHADg
Sergiy Golubyev (Сергей Голубев)
EU structural funds, ICO projects, NGO & investment projects, project management, comprehensive support of business
submitted by Golubyev_Sergiy to u/Golubyev_Sergiy [link] [comments]

COMPREHENSIVE Forex Trading SOLUTION/ANSWER; FEEDBACK NEEDED

The following is a comprehensive response outlining a viable, reasonable, scalable, and sustainable solution for achieving financial independence/prosperity. Please let me know what you think as I would appreciate your feedback.
Trade the financial markets, specifically Forex trading. It's a fkin trillion dollar industry! There are a plethora of businesses online that sell software to meet the trading/investment needs of various demanding clients.
Just look up online EAs (Expert Advisor, which is automated/algorithmic trading, for Meta Trader 4), verify results using the myfxbook website (i.e. a reputable independent third-party website that certifies and tracks the record/performance of various trading strategies/systems, including commercial EAs), purchase the EA, verify results again by running/performing both a backtest and a forward test (i.e. paper trading on a demo account), and then, and only then can/should you use the EA with real money trading on a live/real account.
You can verify the EA's reliability by performing a backtest for a "significant" time period (for example 5-10 years; or depending on the "frequency" of trades placed from the EA) coupled with 2-3 months of forward testing (i.e. paper trading on a demo account) and if the results are "consistently" profitable (i.e. "overall consistent" "monthly" profits from both backtesting and forward testing) with drawdowns being not "too much/high/extreme" AND not "too frequent", then you can go live and trade using real money.
It's okay to expect a particular trading strategy/system to expire (i.e. lose its edge, or for profits to weaken/deteriorate/diminish). When that time comes, simply go onto the next “hot/trendy” EA or if you were fortunate enough to accumulate significant profits, you can store those profits in an interest-savings account and receive periodic income that way.
The purpose of backtesting and forward testing is to ensure drawdowns are not "too much/high/extreme" AND not "too frequent", AND that there is proper risk management "embedded within the EA", thus minimizing/avoiding the risk of "extreme" drawdown or "extreme" losses when using real money.
Note: The switch to "another" hot/trendy EA should be made when the profits earned from the "current" EA have reached a point/level where it no longer appeals to the individual's interest/preference. However, if there is an "unusual/unexpected/unanticipated" "significant" drawdown (according to the performed backtest and forward test), then that would unfortunately represent an actual/real risk/loss incurred by the individual (and would still require a switch to another hot/trendy EA). This risk can be "mitigated/minimized" by performing a backtest "AND" a forward test (both for a "significant" time period, i.e. depending on the "frequency" of trades placed from the EA), AND by conducting a proper psychological evaluation of the EA seller (as an "individual" entity), i.e. evaluating their reliability, logic, and confidence when it comes to addressing/answering relevant/crucial questions pertaining to Forex/Finance/Trading/Investing (rather than asking for or needing specific details regarding their intellectual property or proprietary strategy/system/software, i.e. their source code or trading methodology).
Ultimately, it comes down to “risk tolerance” while taking into account the results obtained from backtesting and forward testing, as well as the level of confidence and trust you impart/place on the person/group selling/distributing the EA.
Note: refer to the Investopedia website for definitions on the following terminology/vocabulary: backtesting, forward testing (i.e. paper trading on a demo account), drawdown (DD), maximum drawdown (MDD or MaxDD), and monthly/annual ROI (return on investment, as a percentage).
Also, note: "focus" on testing for maximum drawdown (MDD or MaxDD) (making sure drawdowns are not "too much/high/extreme" AND not "too frequent"; for example, not greater than 30%-50%, depending on your risk tolerance or preference) and looking for a "track-record" of "overall consistent" "monthly" profits from both backtesting and forward testing, i.e. paper trading on a demo account (both for a "significant" time period, depending on the "frequency" of trades placed from the EA). This "track-record" can be "verified" either through the "myfxbook" website or through the combined use of backtesting and forward testing.
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Each and every year, students graduate from college and university. How is it "economically feasible" to provide jobs for all or most of these people? My understanding is that people need to display a good understanding of the psychology of first impression, which includes genuine/authentic personality, trustworthiness, and competency (reflected in education); in other words, honest, reliable, and competent in relevant matters, or integrity, energy, and intelligence.
Problem: The individual's attainment of their “desired dream/career job", which is their ultimate purpose for pursuing "rigorous" higher education (i.e. college or university) or "rigorous" professional education (i.e. apprenticeship or trades).
I believe that a lot of people attend college and university with the hope that they will obtain a job after they graduate, a job that will support them financially. If money is the primary reason for their pursuing higheprofessional education, shouldn't they be "informed" (as part of a global/collective civic/social responsibility) that there are alternative ways of making money (personally, namely, trading the financial markets), ones that will actually lead them to, or at least have a higher probability of leading them to, financial independence/prosperity, since the chances of them achieving such goal upon graduation from college/university is realistically slim – if not the problem of difficulty finding employment related to their “desired careedream job”, then the problem of a dead-end mediocre job with a “fixed” “small” salary?
Should we, as a society, steer people away from college/university, often temporarily, since, let's be honest, our society is currently producing "a lot" of "mediocre" individuals with no real chance of obtaining a job that they were initially in pursuit of? Can we, as a society, do a better job of "realizing" and "maximizing" the talents/skills of these "mediocre" individuals, i.e. individuals who have no real chance of obtaining a job which they had been (or currently are) pursuing/studying rigorously for?
After going through a proper evaluation of current circumstances and current options, I've realized that people need to get certain things in their life straight "before" working on pursuing higheprofessional education – i.e. Health > Wealth > Education/”Prestige”.
The mass of people who pursue college and university because their program is in high demand are ones that are studying the program not for its unique intricacies, but rather only for graduation with the expectation that they "deserve" to be rewarded a job. As opposed to, respect and appreciation to the language their subject takes on (whether that be Accounting language or Computer Programming language, etc.). Respect and appreciation for a subject or field is displayed when the person engages with the subject or field with a “critical thinking” mindset, with the main purpose/goal of analyzing and critiquing thoroughly the accuracy of any statement presented to them that is related to their chosen subject or field, i.e. effectively utilizing journaling and documentation (see relevant section below, point #1 of 2 under “ESSENTIAL/CRUCIAL” for more details); this main purpose/goal is often rooted from a genuine desire/interest/passion for pursuing/studying their chosen subject or field.
The simple fact remains that it is simply not economically feasible to provide jobs to meet the constant influx of supply being produced by colleges and universities, "each" and "every" year. As a result, why are people making the foolish decision to incur immense amount of “DEBT” (keyword) while pursuing higheprofessional education when the economic reality simply does not provide enough jobs for society, i.e. jobs that are specifically expected of from college and university graduates?
Quoted from someone else: "Our societies have for so long told us that education can and should equate to professional success, which should equate to economic success, yet we are entering a period where that simply can't occur. The foundation that those notions were created upon doesn't exist any longer, given how we have evolved and grown as a species, and we have yet to make the transition to a new set of notions."
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Some ESSENTIAL/CRUCIAL characteristics of an individual who exhibits genuine desire/interest/passion for pursuing/studying their chosen subject/field (especially at the higher education or professional education level) are as follows:
1) Effective "Information Management" strategy (utilizing journaling and documentation). The individual had made it a priority to create and compile personal notes or online documents for the purpose of future-reference and documentation – for potential revision, self-reflection, self-correction, or discovery, as this is crucial for knowledge retrieval, knowledge retention, as well as knowledge synthesis and creating/generating new knowledge. Note: information becomes knowledge when you regard the information as valuable and when you make the conscious decision to keep it as part of your notes with the expectation/option of using it in the future; knowledge is information in action, so actually using the information, instead of dismissing it as irrelevant.
Response from another individual/writer:
  • I don't mean that all information has to be kept as notes, nor that other strategies/tactics of finding/retrieving information aren't valuable. I don't even mean that it's impossible for someone to exist/operate without ever taking any notes. Most saliently, I'm more saying that to categorically omit note-taking from one's information management capabilities/strategy is to invite unnecessary trouble, likely to the point of dysfunction, unless one happens to never be doing anything that involves any significantly elusive information to begin with.
  • My bias toward this assessment is reinforced by 25+ years of highly-technical work that has resulted in literally thousands (or tens-of-thousands) of pieces of information, extremely valuable to me, that can't be readily found anywhere but in my notes.
  • Some of it is information specifically originating with myself – there's no one or nowhere else from which it can be gotten. Some of it is information that took me immense amounts of time, thought, and effort to find/acquire, and I would never want to have to try to find it again. Most of these things are in my notes because they have either already disappeared, or are likely to disappear, off of the internet, or don't lend themselves well to simple bookmark-able reference.
  • Another way of saying this is that personally-kept notes are a reflection of the time/effort/insight one has had to put into acquiring the information, combined with the value of retrieval efficiency (organized for one's own retrieval needs). To subject yourself to relying on reproduction of that time/effort and self-organization is to either admit that the time/effort isn't significant (i.e. the information is rather trivial or ubiquitous in nature), or that your own time/effort spent isn't worth much (if you're willing to repeat it).
  • Also, if one assumes that the information is always going to be right where you can easily find it, or even right where you found it before, that's actually just naive.
  • While its true you still need to expend time/effort into locating the info, it has been organized specifically how YOU determine it should be, and thus truncates any actual "overhead" involved in the typical "location" process, not to mention the guarantee that it's actually there to find. Note: overhead expense refers to an ongoing expense of operating a business; it is also known as an "operating expense".
  • As a simple/clear example: if you've never spent hours sifting through the deluge from the Google sewer pipe flooding into your browser, just to find anything remotely relevant to the fairly elusive technical scenario you're trying to resolve, then you're probably not acquainted with really anything I'm talking about, and your dismissal would then represent simply being unaware.
2) The individual is ASSERTIVE and NOT PASSIVE towards the subject they are studying. They are WILLING to articulate and share important ideas and concepts from the subject they are studying. The individual is not seen as someone who is under the spell/act (i.e. false and disingenuous impression of superior intelligence) of mindless regurgitation but rather, the individual is able to offer their OWN UNIQUE interpretation on the subject they are studying, while also citing important concepts or ideas where citation is necessary. In other words, the individual demonstrates "individual competency" THROUGH the subject they are studying and are ultimately/inherently passionate about. The individual's competency (i.e. his/her opinion or interpretation of what is relevant or accurate information) is demonstrated through the individual's pattern of logical and coherent thinking, as well as through the individual's writing style (which displays "CONFIDENCE" in what the individual is presenting as relevant or accurate information).
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Relevant response from another individual:
Decide where you fall on the self-directed spectrum.
Highly self-directed: technical books and MOOCs (Massive Open Online Courses)
Average: an online community + curriculum like Free Code Camp or theodinproject.com
Not very self-directed: An in-person coding boot camp like Hack Reactor or App Academy; similar to “subpamediocre” college/university “classroom” learning.
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There are only so many ways of acquiring wealth (with only some methods actually leading to long-term/sustainable financial independence/prosperity):
1) Real Estate
2) Owning a business; being an entrepreneur
3) Career Job requiring higher education (i.e. college or university) or professional education (i.e. apprenticeship or trades)
4) Minimum Wage Jobs
5) Trading the financial markets; making financial “investments” (stocks, forex, futures, options, equities, commodities, etc.)
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Pseudo-Intellectual versus Intellectual (the following is a response from another individual/writer):
An intellectual follows the values and attitudes of Critical Thinking, and exercises good thinking habits. Their interest lies in discovery and self-correction.
The traits of a true intellectual are as follows:
  • intellectual humility – recognizing the limits and sensitivities of one's experience.
  • intellectual courage – ability to examine things and/or state results or potentialities, even if it may be costly/risky to your personal beliefs, or social acceptance, established norms or theories. The ability to put things at risk. Even if they are your own cherished ideas or beliefs that you are putting at risk.
  • intellectual empathy – knowing that you have to imaginatively put yourself in the place of others in order to understand them.
  • intellectual autonomy – being able to think independently, to carry through without constant guidance from others, and sometimes even to come to different conclusions.
  • intellectual integrity – holding yourself to the same standards you hold others, and holding all beliefs to the same standards.
  • intellectual honesty – being willing to admit discrepancies and avoid overlooking exceptions, even to oneself.
  • intellectual perseverance – having the patience to struggle through difficult or complex problems.
  • confidence in reason – willingness to follow the logic where-ever it leads.
  • fair-mindedness – avoiding making unjustified special exceptions or privileges. Holding all viewpoints to the same standards. This does not mean that all views are equal; it means they all are held to the same universal standards. They might end up meeting those standards very unequally. For instance: the theory of evolution vs the fable of creation, or climate change vs science denialism.
A pseudo-intellectual does not do these things. Their interest lies not in discovery and self-correction, but in confirmation of what is already believed. Confirmation Bias. Their "thinking" style is characterized by cognitive biases, a lack of self-reflection/self-correction, a lack of rigor and completeness, and applying woefully different standards to beliefs/ideas that they cherish, and any information that calls them into question.
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submitted by gentlestream to Forex [link] [comments]

The intelligent investors guide to cryptocurrency: Part 3b - Pricing and liquidity

*Introductions: I'm joskye. A cryptocurrency investor and holder. *
...
 
Hi again. This is the third part in our ongoing series on how to trade better and determine intelligent investments in cryptocurrency for the future.
 
 
Part 3b continues where I left off with a discussion about price metrics specifically, what determines the price and the importance of liquidity:
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The day traders:
 
As I mentioned in my previous article, as of writing almost every cryptocurrency is determined purely by speculative value.
 
 
For instance in cryptocurrency Bitcoin is still the biggest player in the game. It carries a per unit price of $900 per coin. There are currently 16,090,137 (16 million) coins in circulation giving it a total marketcap value of [$900 x 16090137 =] $14481123300 or 14.48 billion USD.
 
 
Shadowcash looks even more meagre compared to the total cryptocurrency marketcap with only 0.048% of the total cryptocurrency sphere.
To any Shadowcash holders despairing at this point, relax. There are over 707 cryptocurrencies trading as of writing and SDC holds the 27th ranking in terms of market cap. In such a competitive field, filled with scams that's pretty good. Moreso when you consider that SDC is a legitimate technology and is currently probably very undervalued.
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Lets look at the rich list for bitcoin:
 
Why did I just talk about this?
 
In cryptocurrency I see this happening on the markets all the time. Indeed market manipulation effects every single cryptocurrency eventually.
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Market manipulation!
 
Large holders of valuable, high marketcap coins will often make multiple small volume purchases of less valuable, low marketcap coins. Often this will follow announcements regarding developments in that low marketcap coin.
 
 
Low volume buying in a market with low daily trading volume can gradually drive up the price attracting an influx of buyers into that coin; often they will make larger volume purchases of it which helps drive up the price much further. This will trigger a further chain of buyers experiencing FOMO (fear of missing out, detailed in Part 2) who will drive up the price even further. The price will pump. Often will smaller cap cryptocurrencies this may result in a sudden 20, 40, 60 or even +100% increase in value often over a very short time space (1-2 days, 1-2 weeks maximum).
 
 
The only way to discern if the sudden rise in coin value is due to pre-rigged market manipulation is to look at:
 
You are looking for organic, gradual growth based on a solid value proposition. Sudden large spikes in value should make you pause and wonder if it's worth waiting for a gradual correction (organic drop) in price before entering your buy order.
 
Do not fall for a pump and dump. Stick to the lessons covered in previous parts of this guide (especially part 3a and 2) and you will be much less likely to lose money in the long run trading and investing in cryptocurrencies.
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The pattern of change on daily trading volume, the order book and liquidity:
 
Lets look at SDC and Bitcoin again. This time we are going to compare the daily trading volume (last 24 hours) in USD.
 
 
I'd just like to use this opportunity to point out and reinforce the idea that day traders not holders dictate the daily price of an asset. I'd also like to point out daily global trading volume on Forex is $4800 billion which makes Bitcoin a very small fish in the broader arena of global finance and trade i.e. Bitcoin is still very vulnerable to all the price manipulation tactics and liquidity issues I am going to be describing in this article by bigger players with richer pockets.
 
 
The daily trading volume also gives you an idea of how much fiat currency you can invest into a given cryptocurrency before you suddenly shift the price.
 
 
A sudden rise in coin price heavily out of proportion to the rise in daily trading volume should be the first sign to alert you to a pump & dump scam.
 
Daily trading volume should show a steady increase over time with sustained buy support at new price levels; this is a good marker of organic, sustainable growth.
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For more detail you can now look at the depth chart:
 
The depth chart is very useful to know how much fiat currency is required to cause the spot price of a given cryptocurrency to rise or fall by a given amount.
 
NB the price of most cryptocurrencies is expressed in Bitcoin because it has the largest market cap and daily trading volume of all cryptocurrencies by a very large margin and because with a few exceptions (Ethereum, Monero) most cryptocurrencies do not have routes to directly purchase via fiat currency without first purchasing Bitcoin.
 
Liquidity is super important. People often complain about a market lacking liquidity but that is often because they are trading in fiat volumes which far exceed the daily trading fiat volumes of the cryptocurrency they are referring to. If you are investing or trading in a cryptocurrency, always factor in the your personal liquidity and need for liquidity relative to that of the cryptocurrency you are investing in. In other words don't expect to make a profit next day selling 'cryptocurrency x' if the size your single buy order composes >90% of the buy orders on the market for 'cryptocurrency x' that day (indeed in such a scenario be very prepared to sell at a loss next day if you absolutely have to)!
 
 
There are certain patterns on a depth chart that make me believe a significant, sustained price rise is imminent: One example occurs when there is a very large volume of buy orders (>25% of total buy volume within 5% of current price) very close to the current (spot) price, and a very large number of sell orders close to but significantly above the spot price (approx 25% total sell volume within 10% of current price) and especially if the total buy order volume is a significantly higher percentage than it has previously been. This simply indicates high demand at current price which may soon outstrip supply. Again I stress that these patterns can be manipulated easily by wealthy traders.
 
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The order book is another way of looking at the depth chart and allows you to see the specific transactions occurring that compose daily trading volume by the second!
 
I find it useful because it allows me to identify:
 
...
 
The price charts:
 
Discussions about price charts could be endless. I'm not going to go into too much detail, mostly because I'm an investor who believes the value proposition, good consistent development, decent marketing and communications will ultimately trump spot prices and adverse (or positive) short term price trends in the future.
...
 
The news cycle:
 
...
 
Other interesting points: The 'coin x' scenario and the ridiculousness of marketcap:
 
'Coin X' is an imaginary hypothetical coin. There are only 10 in circulation. It has no value proposition beyond it's speculative value i.e. it will never generate a revenue independent of it's speculative value.
 
 
I'd like to point out the similarities between ZCash and 'coin x' (especially during it's launch).
...
 
Lessons:
 
 
...
 
References:
1. Coinmarketcap rankings: https://coinmarketcap.com/all/views/all/ 2. Coinmarketcap daily trading volumes https://coinmarketcap.com/currencies/volume/24-hou 3. Bitinfocharts - Top 100 Richest Bitcoin addresses: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html 4. Crypto ID - Shadowcash Rich list: https://chainz.cryptoid.info/sdc/#!rich 
 
...
 
Further articles in this series:
 
"The intelligent investors guide to cryptocurrency"
 
Part 0 -
Part 1 -
Part 2 -
Part 3a -
Part 3b -
Part 4 -
Part 5 -
Part 6 -
Part 7a -
 
"The intelligent investors guide to Particl -"
 
 
Full disclosure/Disclaimer: At time of original writing I had long positions in Ethereum (ETH), Shadowcash (SDC), Iconomi (ICN), Augur (REP) and Digix (DGD). All the opinions expressed are my own. I cannot guarantee gains; losses are sustainable; do your own financial research and make your decisions responsibly. All prices and values given are as of time of first writing (Midday 8th-Jan-2017).
 
Second disclaimer: Please do not buy Shadowcash (SDC), the project has been abandoned by it's developers who have moved on to the Particl Project (PART). The PARTICL crowd fund and SDC 1:1 token swap completed April 15th. You can still exchange SDC for PART but only if it was acquired prior to 15th April 2017 see: https://particl.news/a-community-driven-initiative-e26724100c3a for more information.
 
Addendum: Article updated 23-11-2017 to edit references to SDC (changed to Particl where relevant to reflect updated status) and clean up formatting.
submitted by joskye to Particl [link] [comments]

Feedback Needed

The following is a comprehensive response outlining a viable, reasonable, scalable, and sustainable solution for achieving financial independence/prosperity. Please let me know what you think as I would appreciate your feedback.
Trade the financial markets, specifically Forex trading. It's a fkin trillion dollar industry! There are a plethora of businesses online that sell software to meet the trading/investment needs of various demanding clients.
Just look up online EAs (Expert Advisor, which is automated/algorithmic trading, for Meta Trader 4), verify results using the myfxbook website (i.e. a reputable independent third-party website that certifies and tracks the record/performance of various trading strategies/systems, including commercial EAs), purchase the EA, verify results again by running/performing both a backtest and a forward test (i.e. paper trading on a demo account), and then, and only then can/should you use the EA with real money trading on a live/real account.
You can verify the EA's reliability by performing a backtest for a "significant" time period (for example 5-10 years; or depending on the "frequency" of trades placed from the EA) coupled with 2-3 months of forward testing (i.e. paper trading on a demo account) and if the results are "consistently" profitable (i.e. "overall consistent" "monthly" profits from both backtesting and forward testing) with drawdowns being not "too much/high/extreme" AND not "too frequent", then you can go live and trade using real money.
It's okay to expect a particular trading strategy/system to expire (i.e. lose its edge, or for profits to weaken/deteriorate/diminish). When that time comes, simply go onto the next “hot/trendy” EA or if you were fortunate enough to accumulate significant profits, you can store those profits in an interest-savings account and receive periodic income that way.
The purpose of backtesting and forward testing is to ensure drawdowns are not "too much/high/extreme" AND not "too frequent", AND that there is proper risk management "embedded within the EA", thus minimizing/avoiding the risk of "extreme" drawdown or "extreme" losses when using real money.
Note: The switch to "another" hot/trendy EA should be made when the profits earned from the "current" EA have reached a point/level where it no longer appeals to the individual's interest/preference. However, if there is an "unusual/unexpected/unanticipated" "significant" drawdown (according to the performed backtest and forward test), then that would unfortunately represent an actual/real risk/loss incurred by the individual (and would still require a switch to another hot/trendy EA). This risk can be "mitigated/minimized" by performing a backtest "AND" a forward test (both for a "significant" time period, i.e. depending on the "frequency" of trades placed from the EA), AND by conducting a proper psychological evaluation of the EA seller (as an "individual" entity), i.e. evaluating their reliability, logic, and confidence when it comes to addressing/answering relevant/crucial questions pertaining to Forex/Finance/Trading/Investing (rather than asking for or needing specific details regarding their intellectual property or proprietary strategy/system/software, i.e. their source code or trading methodology).
Ultimately, it comes down to “risk tolerance” while taking into account the results obtained from backtesting and forward testing, as well as the level of confidence and trust you impart/place on the person/group selling/distributing the EA.
Note: refer to the Investopedia website for definitions on the following terminology/vocabulary: backtesting, forward testing (i.e. paper trading on a demo account), drawdown (DD), maximum drawdown (MDD or MaxDD), and monthly/annual ROI (return on investment, as a percentage).
Also, note: "focus" on testing for maximum drawdown (MDD or MaxDD) (making sure drawdowns are not "too much/high/extreme" AND not "too frequent"; for example, not greater than 30%-50%, depending on your risk tolerance or preference) and looking for a "track-record" of "overall consistent" "monthly" profits from both backtesting and forward testing, i.e. paper trading on a demo account (both for a "significant" time period, depending on the "frequency" of trades placed from the EA). This "track-record" can be "verified" either through the "myfxbook" website or through the combined use of backtesting and forward testing.
~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~
Each and every year, students graduate from college and university. How is it "economically feasible" to provide jobs for all or most of these people? My understanding is that people need to display a good understanding of the psychology of first impression, which includes genuine/authentic personality, trustworthiness, and competency (reflected in education); in other words, honest, reliable, and competent in relevant matters, or integrity, energy, and intelligence.
Problem: The individual's attainment of their “desired dream/career job", which is their ultimate purpose for pursuing "rigorous" higher education (i.e. college or university) or "rigorous" professional education (i.e. apprenticeship or trades).
I believe that a lot of people attend college and university with the hope that they will obtain a job after they graduate, a job that will support them financially. If money is the primary reason for their pursuing higheprofessional education, shouldn't they be "informed" (as part of a global/collective civic/social responsibility) that there are alternative ways of making money (personally, namely, trading the financial markets), ones that will actually lead them to, or at least have a higher probability of leading them to, financial independence/prosperity, since the chances of them achieving such goal upon graduation from college/university is realistically slim – if not the problem of difficulty finding employment related to their “desired careedream job”, then the problem of a dead-end mediocre job with a “fixed” “small” salary?
Should we, as a society, steer people away from college/university, often temporarily, since, let's be honest, our society is currently producing "a lot" of "mediocre" individuals with no real chance of obtaining a job that they were initially in pursuit of? Can we, as a society, do a better job of "realizing" and "maximizing" the talents/skills of these "mediocre" individuals, i.e. individuals who have no real chance of obtaining a job which they had been (or currently are) pursuing/studying rigorously for?
After going through a proper evaluation of current circumstances and current options, I've realized that people need to get certain things in their life straight "before" working on pursuing higheprofessional education – i.e. Health > Wealth > Education/”Prestige”.
The mass of people who pursue college and university because their program is in high demand are ones that are studying the program not for its unique intricacies, but rather only for graduation with the expectation that they "deserve" to be rewarded a job. As opposed to, respect and appreciation to the language their subject takes on (whether that be Accounting language or Computer Programming language, etc.). Respect and appreciation for a subject or field is displayed when the person engages with the subject or field with a “critical thinking” mindset, with the main purpose/goal of analyzing and critiquing thoroughly the accuracy of any statement presented to them that is related to their chosen subject or field, i.e. effectively utilizing journaling and documentation (see relevant section below, point #1 of 2 under “ESSENTIAL/CRUCIAL” for more details); this main purpose/goal is often rooted from a genuine desire/interest/passion for pursuing/studying their chosen subject or field.
The simple fact remains that it is simply not economically feasible to provide jobs to meet the constant influx of supply being produced by colleges and universities, "each" and "every" year. As a result, why are people making the foolish decision to incur immense amount of “DEBT” (keyword) while pursuing higheprofessional education when the economic reality simply does not provide enough jobs for society, i.e. jobs that are specifically expected of from college and university graduates?
Quoted from someone else: "Our societies have for so long told us that education can and should equate to professional success, which should equate to economic success, yet we are entering a period where that simply can't occur. The foundation that those notions were created upon doesn't exist any longer, given how we have evolved and grown as a species, and we have yet to make the transition to a new set of notions."
~~~~~~~~~~~~~~~~~~~~
Some ESSENTIAL/CRUCIAL characteristics of an individual who exhibits genuine desire/interest/passion for pursuing/studying their chosen subject/field (especially at the higher education or professional education level) are as follows:
1) Effective "Information Management" strategy (utilizing journaling and documentation). The individual had made it a priority to create and compile personal notes or online documents for the purpose of future-reference and documentation – for potential revision, self-reflection, self-correction, or discovery, as this is crucial for knowledge retrieval, knowledge retention, as well as knowledge synthesis and creating/generating new knowledge. Note: information becomes knowledge when you regard the information as valuable and when you make the conscious decision to keep it as part of your notes with the expectation/option of using it in the future; knowledge is information in action, so actually using the information, instead of dismissing it as irrelevant.
Response from another individual/writer:
  • I don't mean that all information has to be kept as notes, nor that other strategies/tactics of finding/retrieving information aren't valuable. I don't even mean that it's impossible for someone to exist/operate without ever taking any notes. Most saliently, I'm more saying that to categorically omit note-taking from one's information management capabilities/strategy is to invite unnecessary trouble, likely to the point of dysfunction, unless one happens to never be doing anything that involves any significantly elusive information to begin with.
  • My bias toward this assessment is reinforced by 25+ years of highly-technical work that has resulted in literally thousands (or tens-of-thousands) of pieces of information, extremely valuable to me, that can't be readily found anywhere but in my notes.
  • Some of it is information specifically originating with myself – there's no one or nowhere else from which it can be gotten. Some of it is information that took me immense amounts of time, thought, and effort to find/acquire, and I would never want to have to try to find it again. Most of these things are in my notes because they have either already disappeared, or are likely to disappear, off of the internet, or don't lend themselves well to simple bookmark-able reference.
  • Another way of saying this is that personally-kept notes are a reflection of the time/effort/insight one has had to put into acquiring the information, combined with the value of retrieval efficiency (organized for one's own retrieval needs). To subject yourself to relying on reproduction of that time/effort and self-organization is to either admit that the time/effort isn't significant (i.e. the information is rather trivial or ubiquitous in nature), or that your own time/effort spent isn't worth much (if you're willing to repeat it).
  • Also, if one assumes that the information is always going to be right where you can easily find it, or even right where you found it before, that's actually just naive.
  • While its true you still need to expend time/effort into locating the info, it has been organized specifically how YOU determine it should be, and thus truncates any actual "overhead" involved in the typical "location" process, not to mention the guarantee that it's actually there to find. Note: overhead expense refers to an ongoing expense of operating a business; it is also known as an "operating expense".
  • As a simple/clear example: if you've never spent hours sifting through the deluge from the Google sewer pipe flooding into your browser, just to find anything remotely relevant to the fairly elusive technical scenario you're trying to resolve, then you're probably not acquainted with really anything I'm talking about, and your dismissal would then represent simply being unaware.
2) The individual is ASSERTIVE and NOT PASSIVE towards the subject they are studying. They are WILLING to articulate and share important ideas and concepts from the subject they are studying. The individual is not seen as someone who is under the spell/act (i.e. false and disingenuous impression of superior intelligence) of mindless regurgitation but rather, the individual is able to offer their OWN UNIQUE interpretation on the subject they are studying, while also citing important concepts or ideas where citation is necessary. In other words, the individual demonstrates "individual competency" THROUGH the subject they are studying and are ultimately/inherently passionate about. The individual's competency (i.e. his/her opinion or interpretation of what is relevant or accurate information) is demonstrated through the individual's pattern of logical and coherent thinking, as well as through the individual's writing style (which displays "CONFIDENCE" in what the individual is presenting as relevant or accurate information).
~~~~~~~~~~~~~~~~~~~~
Relevant response from another individual:
Decide where you fall on the self-directed spectrum.
Highly self-directed: technical books and MOOCs (Massive Open Online Courses)
Average: an online community + curriculum like Free Code Camp or theodinproject.com
Not very self-directed: An in-person coding boot camp like Hack Reactor or App Academy; similar to “subpamediocre” college/university “classroom” learning.
~~~~~~~~~~~~~~~~~~~~
There are only so many ways of acquiring wealth (with only some methods actually leading to long-term/sustainable financial independence/prosperity):
1) Real Estate
2) Owning a business; being an entrepreneur
3) Career Job requiring higher education (i.e. college or university) or professional education (i.e. apprenticeship or trades)
4) Minimum Wage Jobs
5) Trading the financial markets; making financial “investments” (stocks, forex, futures, options, equities, commodities, etc.)
~~~~~~~~~~~~~~~~~~~~
Pseudo-Intellectual versus Intellectual (the following is a response from another individual/writer):
An intellectual follows the values and attitudes of Critical Thinking, and exercises good thinking habits. Their interest lies in discovery and self-correction.
The traits of a true intellectual are as follows:
  • intellectual humility – recognizing the limits and sensitivities of one's experience.
  • intellectual courage – ability to examine things and/or state results or potentialities, even if it may be costly/risky to your personal beliefs, or social acceptance, established norms or theories. The ability to put things at risk. Even if they are your own cherished ideas or beliefs that you are putting at risk.
  • intellectual empathy – knowing that you have to imaginatively put yourself in the place of others in order to understand them.
  • intellectual autonomy – being able to think independently, to carry through without constant guidance from others, and sometimes even to come to different conclusions.
  • intellectual integrity – holding yourself to the same standards you hold others, and holding all beliefs to the same standards.
  • intellectual honesty – being willing to admit discrepancies and avoid overlooking exceptions, even to oneself.
  • intellectual perseverance – having the patience to struggle through difficult or complex problems.
  • confidence in reason – willingness to follow the logic where-ever it leads.
  • fair-mindedness – avoiding making unjustified special exceptions or privileges. Holding all viewpoints to the same standards. This does not mean that all views are equal; it means they all are held to the same universal standards. They might end up meeting those standards very unequally. For instance: the theory of evolution vs the fable of creation, or climate change vs science denialism.
A pseudo-intellectual does not do these things. Their interest lies not in discovery and self-correction, but in confirmation of what is already believed. Confirmation Bias. Their "thinking" style is characterized by cognitive biases, a lack of self-reflection/self-correction, a lack of rigor and completeness, and applying woefully different standards to beliefs/ideas that they cherish, and any information that calls them into question.
~~~~~~~~~~~~~~~~~~~~
submitted by gentlestream to algotrading [link] [comments]

TIF beats on earnings, surges 4%

I recommended this trade in Copy My Trades (damonverial.com). I'll post it below to give you an idea of when and why I make a long call play before earnings:
Damon here.
Today is Black Friday, which means the market stops trading at 1pm. That’s fine, because we aren’t getting in on a specifically timed play. I hope you enjoyed Thanksgiving, by the way.
Let’s get started. I’m looking to take a long position into earnings on TIF. I could write an in-depth earnings analysis here, and I just might do so in Exposing Earning. But you guys get the first peek into my basic thesis before the company reports on Monday; here it is, in a somewhat scatterbrained organization:
SIG, another jewelry company recently reported a beat, suggesting a bullishness in this sector. TIF is a rarity in the jewelry market in that it is the only well-known US brand. The advantage of it being a US company that primarily makes its profit in the US is not having to deal with Forex issues; a strong dollar does not hurt TIF so much.
Fundamentally, we should not predict any surprises in margins or growth. EPS growth has been negative for the past six quarters. That might change this quarter, and if it does, it will be taken as a sign of growth turnaround. We are not banking on that, but it’s a good catalyst.
TIF is going to be presenting forward guidance on its FQ4 during this quarter’s earnings. FQ4 is TIF’s best quarter and the main profit-driver of the company. Guidance should be strong.
Why?
For one, retail sales and spending are picking back up in the US, specifically in the luxury market. But of more interest to TIF investors recently is its flagship store, which brings in 30% of TIF’s sales and 10% of its profits. This store is located right next to the Trump Tower and has been the focus of concerned, nervous TIF investors.
Are the nearby protests reducing sales? Is the red tape preventing customers from entering the store?
If you search the news quickly, the answers seem to be “yes.” But how much of that news is real and how much of it is part of a lingering “blame Trump” mentality in the liberal media? Others have reported unobstructed entrances to the store and strong foot traffic.
This is the typical overreaction you get when an easily understood news item can be interpreted by investors. Overall, if you limit the supply of a luxury item or raise the barriers to obtaining it, you make it more enticing, fueling demand. It’s an abstract concept, certainly moreso than:
“Trump president; neighboring doors hard to open; Trump bad; Chinese tourist scared, no buy jewelry; TIF stock down; my aunt said Apple computers are easy to use so we should buy Apple stock…”
…low-level thinking for low-level traders and investors. Ignore the news, at least on the surface, please.
This is TIF’s strong season. And it covers earnings. The probability that TIF rises on a beat is nearly 100%; the probability that TIF rises on a miss is nearly 50%.
The statistics are on our side regardless of last quarter, which I believe will be good anyhow. The focus is guidance. Management will likely point to everything I just pointed to above: strengthening sales, a possible turnaround in EPS on the way, and a positive spin on the Trump presidency/neighborhood.
If TIF is treated as a luxury stock, it is fairly valued. If it is treated as a retail stock it is undervalued. Either way, this does not put the risk profile against us; rather, it works in our favor, especially with options.
Today will be our last day to open this trade, and as evidenced by Wedneday, many are already buying last-minute. We will too. Here is our play:
Buy TIF Dec16 $75 call
This is an at-the-money call that maximizes our gamma – i.e., we gain the best nonlinear risk/reward profile possible with a long call at this strike. Because TIF is a “reverter” after earnings, it dips a bit after a rally and rises a bit after a fall. We can regain ground if we are wrong, but we should sell immediately if we are right.
Why a pure long call? Simply because options are fairly valued on TIF right now. No need to overcomplicate things, especially seeing as I get follow-up emails every time I send out a complex options strategy; we only have a few hours to open this trade, so we shouldn’t be racking our brains with the reasoning for the strategy.
That’s it for today. Happy trading.
submitted by veriald to wallstreetbets [link] [comments]

Feedback Needed

The following is a comprehensive response outlining a viable, reasonable, scalable, and sustainable solution for achieving financial independence/prosperity. Please let me know what you think as I would appreciate your feedback.
Trade the financial markets, specifically Forex trading. It's a fkin trillion dollar industry! There are a plethora of businesses online that sell software to meet the trading/investment needs of various demanding clients.
Just look up online EAs (Expert Advisor, which is automated/algorithmic trading, for Meta Trader 4), verify results using the myfxbook website (i.e. a reputable independent third-party website that certifies and tracks the record/performance of various trading strategies/systems, including commercial EAs), purchase the EA, verify results again by running/performing both a backtest and a forward test (i.e. paper trading on a demo account), and then, and only then can/should you use the EA with real money trading on a live/real account.
You can verify the EA's reliability by performing a backtest for a "significant" time period (for example 5-10 years; or depending on the "frequency" of trades placed from the EA) coupled with 2-3 months of forward testing (i.e. paper trading on a demo account) and if the results are "consistently" profitable (i.e. "overall consistent" "monthly" profits from both backtesting and forward testing) with drawdowns being not "too much/high/extreme" AND not "too frequent", then you can go live and trade using real money.
It's okay to expect a particular trading strategy/system to expire (i.e. lose its edge, or for profits to weaken/deteriorate/diminish). When that time comes, simply go onto the next “hot/trendy” EA or if you were fortunate enough to accumulate significant profits, you can store those profits in an interest-savings account and receive periodic income that way.
The purpose of backtesting and forward testing is to ensure drawdowns are not "too much/high/extreme" AND not "too frequent", AND that there is proper risk management "embedded within the EA", thus minimizing/avoiding the risk of "extreme" drawdown or "extreme" losses when using real money.
Note: The switch to "another" hot/trendy EA should be made when the profits earned from the "current" EA have reached a point/level where it no longer appeals to the individual's interest/preference. However, if there is an "unusual/unexpected/unanticipated" "significant" drawdown (according to the performed backtest and forward test), then that would unfortunately represent an actual/real risk/loss incurred by the individual (and would still require a switch to another hot/trendy EA). This risk can be "mitigated/minimized" by performing a backtest "AND" a forward test (both for a "significant" time period, i.e. depending on the "frequency" of trades placed from the EA), AND by conducting a proper psychological evaluation of the EA seller (as an "individual" entity), i.e. evaluating their reliability, logic, and confidence when it comes to addressing/answering relevant/crucial questions pertaining to Forex/Finance/Trading/Investing (rather than asking for or needing specific details regarding their intellectual property or proprietary strategy/system/software, i.e. their source code or trading methodology).
Ultimately, it comes down to “risk tolerance” while taking into account the results obtained from backtesting and forward testing, as well as the level of confidence and trust you impart/place on the person/group selling/distributing the EA.
Note: refer to the Investopedia website for definitions on the following terminology/vocabulary: backtesting, forward testing (i.e. paper trading on a demo account), drawdown (DD), maximum drawdown (MDD or MaxDD), and monthly/annual ROI (return on investment, as a percentage).
Also, note: "focus" on testing for maximum drawdown (MDD or MaxDD) (making sure drawdowns are not "too much/high/extreme" AND not "too frequent"; for example, not greater than 30%-50%, depending on your risk tolerance or preference) and looking for a "track-record" of "overall consistent" "monthly" profits from both backtesting and forward testing, i.e. paper trading on a demo account (both for a "significant" time period, depending on the "frequency" of trades placed from the EA). This "track-record" can be "verified" either through the "myfxbook" website or through the combined use of backtesting and forward testing.
~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~
Each and every year, students graduate from college and university. How is it "economically feasible" to provide jobs for all or most of these people? My understanding is that people need to display a good understanding of the psychology of first impression, which includes genuine/authentic personality, trustworthiness, and competency (reflected in education); in other words, honest, reliable, and competent in relevant matters, or integrity, energy, and intelligence.
Problem: The individual's attainment of their “desired dream/career job", which is their ultimate purpose for pursuing "rigorous" higher education (i.e. college or university) or "rigorous" professional education (i.e. apprenticeship or trades).
I believe that a lot of people attend college and university with the hope that they will obtain a job after they graduate, a job that will support them financially. If money is the primary reason for their pursuing higheprofessional education, shouldn't they be "informed" (as part of a global/collective civic/social responsibility) that there are alternative ways of making money (personally, namely, trading the financial markets), ones that will actually lead them to, or at least have a higher probability of leading them to, financial independence/prosperity, since the chances of them achieving such goal upon graduation from college/university is realistically slim – if not the problem of difficulty finding employment related to their “desired careedream job”, then the problem of a dead-end mediocre job with a “fixed” “small” salary?
Should we, as a society, steer people away from college/university, often temporarily, since, let's be honest, our society is currently producing "a lot" of "mediocre" individuals with no real chance of obtaining a job that they were initially in pursuit of? Can we, as a society, do a better job of "realizing" and "maximizing" the talents/skills of these "mediocre" individuals, i.e. individuals who have no real chance of obtaining a job which they had been (or currently are) pursuing/studying rigorously for?
After going through a proper evaluation of current circumstances and current options, I've realized that people need to get certain things in their life straight "before" working on pursuing higheprofessional education – i.e. Health > Wealth > Education/”Prestige”.
The mass of people who pursue college and university because their program is in high demand are ones that are studying the program not for its unique intricacies, but rather only for graduation with the expectation that they "deserve" to be rewarded a job. As opposed to, respect and appreciation to the language their subject takes on (whether that be Accounting language or Computer Programming language, etc.). Respect and appreciation for a subject or field is displayed when the person engages with the subject or field with a “critical thinking” mindset, with the main purpose/goal of analyzing and critiquing thoroughly the accuracy of any statement presented to them that is related to their chosen subject or field, i.e. effectively utilizing journaling and documentation (see relevant section below, point #1 of 2 under “ESSENTIAL/CRUCIAL” for more details); this main purpose/goal is often rooted from a genuine desire/interest/passion for pursuing/studying their chosen subject or field.
The simple fact remains that it is simply not economically feasible to provide jobs to meet the constant influx of supply being produced by colleges and universities, "each" and "every" year. As a result, why are people making the foolish decision to incur immense amount of “DEBT” (keyword) while pursuing higheprofessional education when the economic reality simply does not provide enough jobs for society, i.e. jobs that are specifically expected of from college and university graduates?
Quoted from someone else: "Our societies have for so long told us that education can and should equate to professional success, which should equate to economic success, yet we are entering a period where that simply can't occur. The foundation that those notions were created upon doesn't exist any longer, given how we have evolved and grown as a species, and we have yet to make the transition to a new set of notions."
~~~~~~~~~~~~~~~~~~~~
Some ESSENTIAL/CRUCIAL characteristics of an individual who exhibits genuine desire/interest/passion for pursuing/studying their chosen subject/field (especially at the higher education or professional education level) are as follows:
1) Effective "Information Management" strategy (utilizing journaling and documentation). The individual had made it a priority to create and compile personal notes or online documents for the purpose of future-reference and documentation – for potential revision, self-reflection, self-correction, or discovery, as this is crucial for knowledge retrieval, knowledge retention, as well as knowledge synthesis and creating/generating new knowledge. Note: information becomes knowledge when you regard the information as valuable and when you make the conscious decision to keep it as part of your notes with the expectation/option of using it in the future; knowledge is information in action, so actually using the information, instead of dismissing it as irrelevant.
Response from another individual/writer:
  • I don't mean that all information has to be kept as notes, nor that other strategies/tactics of finding/retrieving information aren't valuable. I don't even mean that it's impossible for someone to exist/operate without ever taking any notes. Most saliently, I'm more saying that to categorically omit note-taking from one's information management capabilities/strategy is to invite unnecessary trouble, likely to the point of dysfunction, unless one happens to never be doing anything that involves any significantly elusive information to begin with.
  • My bias toward this assessment is reinforced by 25+ years of highly-technical work that has resulted in literally thousands (or tens-of-thousands) of pieces of information, extremely valuable to me, that can't be readily found anywhere but in my notes.
  • Some of it is information specifically originating with myself – there's no one or nowhere else from which it can be gotten. Some of it is information that took me immense amounts of time, thought, and effort to find/acquire, and I would never want to have to try to find it again. Most of these things are in my notes because they have either already disappeared, or are likely to disappear, off of the internet, or don't lend themselves well to simple bookmark-able reference.
  • Another way of saying this is that personally-kept notes are a reflection of the time/effort/insight one has had to put into acquiring the information, combined with the value of retrieval efficiency (organized for one's own retrieval needs). To subject yourself to relying on reproduction of that time/effort and self-organization is to either admit that the time/effort isn't significant (i.e. the information is rather trivial or ubiquitous in nature), or that your own time/effort spent isn't worth much (if you're willing to repeat it).
  • Also, if one assumes that the information is always going to be right where you can easily find it, or even right where you found it before, that's actually just naive.
  • While its true you still need to expend time/effort into locating the info, it has been organized specifically how YOU determine it should be, and thus truncates any actual "overhead" involved in the typical "location" process, not to mention the guarantee that it's actually there to find. Note: overhead expense refers to an ongoing expense of operating a business; it is also known as an "operating expense".
  • As a simple/clear example: if you've never spent hours sifting through the deluge from the Google sewer pipe flooding into your browser, just to find anything remotely relevant to the fairly elusive technical scenario you're trying to resolve, then you're probably not acquainted with really anything I'm talking about, and your dismissal would then represent simply being unaware.
2) The individual is ASSERTIVE and NOT PASSIVE towards the subject they are studying. They are WILLING to articulate and share important ideas and concepts from the subject they are studying. The individual is not seen as someone who is under the spell/act (i.e. false and disingenuous impression of superior intelligence) of mindless regurgitation but rather, the individual is able to offer their OWN UNIQUE interpretation on the subject they are studying, while also citing important concepts or ideas where citation is necessary. In other words, the individual demonstrates "individual competency" THROUGH the subject they are studying and are ultimately/inherently passionate about. The individual's competency (i.e. his/her opinion or interpretation of what is relevant or accurate information) is demonstrated through the individual's pattern of logical and coherent thinking, as well as through the individual's writing style (which displays "CONFIDENCE" in what the individual is presenting as relevant or accurate information).
~~~~~~~~~~~~~~~~~~~~
Relevant response from another individual:
Decide where you fall on the self-directed spectrum.
Highly self-directed: technical books and MOOCs (Massive Open Online Courses)
Average: an online community + curriculum like Free Code Camp or theodinproject.com
Not very self-directed: An in-person coding boot camp like Hack Reactor or App Academy; similar to “subpamediocre” college/university “classroom” learning.
~~~~~~~~~~~~~~~~~~~~
There are only so many ways of acquiring wealth (with only some methods actually leading to long-term/sustainable financial independence/prosperity):
1) Real Estate
2) Owning a business; being an entrepreneur
3) Career Job requiring higher education (i.e. college or university) or professional education (i.e. apprenticeship or trades)
4) Minimum Wage Jobs
5) Trading the financial markets; making financial “investments” (stocks, forex, futures, options, equities, commodities, etc.)
~~~~~~~~~~~~~~~~~~~~
Pseudo-Intellectual versus Intellectual (the following is a response from another individual/writer):
An intellectual follows the values and attitudes of Critical Thinking, and exercises good thinking habits. Their interest lies in discovery and self-correction.
The traits of a true intellectual are as follows:
  • intellectual humility – recognizing the limits and sensitivities of one's experience.
  • intellectual courage – ability to examine things and/or state results or potentialities, even if it may be costly/risky to your personal beliefs, or social acceptance, established norms or theories. The ability to put things at risk. Even if they are your own cherished ideas or beliefs that you are putting at risk.
  • intellectual empathy – knowing that you have to imaginatively put yourself in the place of others in order to understand them.
  • intellectual autonomy – being able to think independently, to carry through without constant guidance from others, and sometimes even to come to different conclusions.
  • intellectual integrity – holding yourself to the same standards you hold others, and holding all beliefs to the same standards.
  • intellectual honesty – being willing to admit discrepancies and avoid overlooking exceptions, even to oneself.
  • intellectual perseverance – having the patience to struggle through difficult or complex problems.
  • confidence in reason – willingness to follow the logic where-ever it leads.
  • fair-mindedness – avoiding making unjustified special exceptions or privileges. Holding all viewpoints to the same standards. This does not mean that all views are equal; it means they all are held to the same universal standards. They might end up meeting those standards very unequally. For instance: the theory of evolution vs the fable of creation, or climate change vs science denialism.
A pseudo-intellectual does not do these things. Their interest lies not in discovery and self-correction, but in confirmation of what is already believed. Confirmation Bias. Their "thinking" style is characterized by cognitive biases, a lack of self-reflection/self-correction, a lack of rigor and completeness, and applying woefully different standards to beliefs/ideas that they cherish, and any information that calls them into question.
~~~~~~~~~~~~~~~~~~~~
submitted by gentlestream to Forex [link] [comments]

COMPREHENSIVE Forex Trading SOLUTION/ANSWER; FEEDBACK NEEDED

The following is a comprehensive response outlining a viable, reasonable, scalable, and sustainable solution for achieving financial independence/prosperity. Please let me know what you think as I would appreciate your feedback.
Trade the financial markets, specifically Forex trading. It's a fkin trillion dollar industry! There are a plethora of businesses online that sell software to meet the trading/investment needs of various demanding clients.
Just look up online EAs (Expert Advisor, which is automated/algorithmic trading, for Meta Trader 4), verify results using the myfxbook website (i.e. a reputable independent third-party website that certifies and tracks the record/performance of various trading strategies/systems, including commercial EAs), purchase the EA, verify results again by running/performing both a backtest and a forward test (i.e. paper trading on a demo account), and then, and only then can/should you use the EA with real money trading on a live/real account.
You can verify the EA's reliability by performing a backtest for a "significant" time period (for example 5-10 years; or depending on the "frequency" of trades placed from the EA) coupled with 2-3 months of forward testing (i.e. paper trading on a demo account) and if the results are "consistently" profitable (i.e. "overall consistent" "monthly" profits from both backtesting and forward testing) with drawdowns being not "too much/high/extreme" AND not "too frequent", then you can go live and trade using real money.
It's okay to expect a particular trading strategy/system to expire (i.e. lose its edge, or for profits to weaken/deteriorate/diminish). When that time comes, simply go onto the next “hot/trendy” EA or if you were fortunate enough to accumulate significant profits, you can store those profits in an interest-savings account and receive periodic income that way.
The purpose of backtesting and forward testing is to ensure drawdowns are not "too much/high/extreme" AND not "too frequent", AND that there is proper risk management "embedded within the EA", thus minimizing/avoiding the risk of "extreme" drawdown or "extreme" losses when using real money.
Note: The switch to "another" hot/trendy EA should be made when the profits earned from the "current" EA have reached a point/level where it no longer appeals to the individual's interest/preference. However, if there is an "unusual/unexpected/unanticipated" "significant" drawdown (according to the performed backtest and forward test), then that would unfortunately represent an actual/real risk/loss incurred by the individual (and would still require a switch to another hot/trendy EA). This risk can be "mitigated/minimized" by performing a backtest "AND" a forward test (both for a "significant" time period, i.e. depending on the "frequency" of trades placed from the EA), AND by conducting a proper psychological evaluation of the EA seller (as an "individual" entity), i.e. evaluating their reliability, logic, and confidence when it comes to addressing/answering relevant/crucial questions pertaining to Forex/Finance/Trading/Investing (rather than asking for or needing specific details regarding their intellectual property or proprietary strategy/system/software, i.e. their source code or trading methodology).
Ultimately, it comes down to “risk tolerance” while taking into account the results obtained from backtesting and forward testing, as well as the level of confidence and trust you impart/place on the person/group selling/distributing the EA.
Note: refer to the Investopedia website for definitions on the following terminology/vocabulary: backtesting, forward testing (i.e. paper trading on a demo account), drawdown (DD), maximum drawdown (MDD or MaxDD), and monthly/annual ROI (return on investment, as a percentage).
Also, note: "focus" on testing for maximum drawdown (MDD or MaxDD) (making sure drawdowns are not "too much/high/extreme" AND not "too frequent"; for example, not greater than 30%-50%, depending on your risk tolerance or preference) and looking for a "track-record" of "overall consistent" "monthly" profits from both backtesting and forward testing, i.e. paper trading on a demo account (both for a "significant" time period, depending on the "frequency" of trades placed from the EA). This "track-record" can be "verified" either through the "myfxbook" website or through the combined use of backtesting and forward testing.
~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~
Each and every year, students graduate from college and university. How is it "economically feasible" to provide jobs for all or most of these people? My understanding is that people need to display a good understanding of the psychology of first impression, which includes genuine/authentic personality, trustworthiness, and competency (reflected in education); in other words, honest, reliable, and competent in relevant matters, or integrity, energy, and intelligence.
Problem: The individual's attainment of their “desired dream/career job", which is their ultimate purpose for pursuing "rigorous" higher education (i.e. college or university) or "rigorous" professional education (i.e. apprenticeship or trades).
I believe that a lot of people attend college and university with the hope that they will obtain a job after they graduate, a job that will support them financially. If money is the primary reason for their pursuing higheprofessional education, shouldn't they be "informed" (as part of a global/collective civic/social responsibility) that there are alternative ways of making money (personally, namely, trading the financial markets), ones that will actually lead them to, or at least have a higher probability of leading them to, financial independence/prosperity, since the chances of them achieving such goal upon graduation from college/university is realistically slim – if not the problem of difficulty finding employment related to their “desired careedream job”, then the problem of a dead-end mediocre job with a “fixed” “small” salary?
Should we, as a society, steer people away from college/university, often temporarily, since, let's be honest, our society is currently producing "a lot" of "mediocre" individuals with no real chance of obtaining a job that they were initially in pursuit of? Can we, as a society, do a better job of "realizing" and "maximizing" the talents/skills of these "mediocre" individuals, i.e. individuals who have no real chance of obtaining a job which they had been (or currently are) pursuing/studying rigorously for?
After going through a proper evaluation of current circumstances and current options, I've realized that people need to get certain things in their life straight "before" working on pursuing higheprofessional education – i.e. Health > Wealth > Education/”Prestige”.
The mass of people who pursue college and university because their program is in high demand are ones that are studying the program not for its unique intricacies, but rather only for graduation with the expectation that they "deserve" to be rewarded a job. As opposed to, respect and appreciation to the language their subject takes on (whether that be Accounting language or Computer Programming language, etc.). Respect and appreciation for a subject or field is displayed when the person engages with the subject or field with a “critical thinking” mindset, with the main purpose/goal of analyzing and critiquing thoroughly the accuracy of any statement presented to them that is related to their chosen subject or field, i.e. effectively utilizing journaling and documentation (see relevant section below, point #1 of 2 under “ESSENTIAL/CRUCIAL” for more details); this main purpose/goal is often rooted from a genuine desire/interest/passion for pursuing/studying their chosen subject or field.
The simple fact remains that it is simply not economically feasible to provide jobs to meet the constant influx of supply being produced by colleges and universities, "each" and "every" year. As a result, why are people making the foolish decision to incur immense amount of “DEBT” (keyword) while pursuing higheprofessional education when the economic reality simply does not provide enough jobs for society, i.e. jobs that are specifically expected of from college and university graduates?
Quoted from someone else: "Our societies have for so long told us that education can and should equate to professional success, which should equate to economic success, yet we are entering a period where that simply can't occur. The foundation that those notions were created upon doesn't exist any longer, given how we have evolved and grown as a species, and we have yet to make the transition to a new set of notions."
~~~~~~~~~~~~~~~~~~~~
Some ESSENTIAL/CRUCIAL characteristics of an individual who exhibits genuine desire/interest/passion for pursuing/studying their chosen subject/field (especially at the higher education or professional education level) are as follows:
1) Effective "Information Management" strategy (utilizing journaling and documentation). The individual had made it a priority to create and compile personal notes or online documents for the purpose of future-reference and documentation – for potential revision, self-reflection, self-correction, or discovery, as this is crucial for knowledge retrieval, knowledge retention, as well as knowledge synthesis and creating/generating new knowledge. Note: information becomes knowledge when you regard the information as valuable and when you make the conscious decision to keep it as part of your notes with the expectation/option of using it in the future; knowledge is information in action, so actually using the information, instead of dismissing it as irrelevant.
Response from another individual/writer:
  • I don't mean that all information has to be kept as notes, nor that other strategies/tactics of finding/retrieving information aren't valuable. I don't even mean that it's impossible for someone to exist/operate without ever taking any notes. Most saliently, I'm more saying that to categorically omit note-taking from one's information management capabilities/strategy is to invite unnecessary trouble, likely to the point of dysfunction, unless one happens to never be doing anything that involves any significantly elusive information to begin with.
  • My bias toward this assessment is reinforced by 25+ years of highly-technical work that has resulted in literally thousands (or tens-of-thousands) of pieces of information, extremely valuable to me, that can't be readily found anywhere but in my notes.
  • Some of it is information specifically originating with myself – there's no one or nowhere else from which it can be gotten. Some of it is information that took me immense amounts of time, thought, and effort to find/acquire, and I would never want to have to try to find it again. Most of these things are in my notes because they have either already disappeared, or are likely to disappear, off of the internet, or don't lend themselves well to simple bookmark-able reference.
  • Another way of saying this is that personally-kept notes are a reflection of the time/effort/insight one has had to put into acquiring the information, combined with the value of retrieval efficiency (organized for one's own retrieval needs). To subject yourself to relying on reproduction of that time/effort and self-organization is to either admit that the time/effort isn't significant (i.e. the information is rather trivial or ubiquitous in nature), or that your own time/effort spent isn't worth much (if you're willing to repeat it).
  • Also, if one assumes that the information is always going to be right where you can easily find it, or even right where you found it before, that's actually just naive.
  • While its true you still need to expend time/effort into locating the info, it has been organized specifically how YOU determine it should be, and thus truncates any actual "overhead" involved in the typical "location" process, not to mention the guarantee that it's actually there to find. Note: overhead expense refers to an ongoing expense of operating a business; it is also known as an "operating expense".
  • As a simple/clear example: if you've never spent hours sifting through the deluge from the Google sewer pipe flooding into your browser, just to find anything remotely relevant to the fairly elusive technical scenario you're trying to resolve, then you're probably not acquainted with really anything I'm talking about, and your dismissal would then represent simply being unaware.
2) The individual is ASSERTIVE and NOT PASSIVE towards the subject they are studying. They are WILLING to articulate and share important ideas and concepts from the subject they are studying. The individual is not seen as someone who is under the spell/act (i.e. false and disingenuous impression of superior intelligence) of mindless regurgitation but rather, the individual is able to offer their OWN UNIQUE interpretation on the subject they are studying, while also citing important concepts or ideas where citation is necessary. In other words, the individual demonstrates "individual competency" THROUGH the subject they are studying and are ultimately/inherently passionate about. The individual's competency (i.e. his/her opinion or interpretation of what is relevant or accurate information) is demonstrated through the individual's pattern of logical and coherent thinking, as well as through the individual's writing style (which displays "CONFIDENCE" in what the individual is presenting as relevant or accurate information).
~~~~~~~~~~~~~~~~~~~~
Relevant response from another individual:
Decide where you fall on the self-directed spectrum.
Highly self-directed: technical books and MOOCs (Massive Open Online Courses)
Average: an online community + curriculum like Free Code Camp or theodinproject.com
Not very self-directed: An in-person coding boot camp like Hack Reactor or App Academy; similar to “subpamediocre” college/university “classroom” learning.
~~~~~~~~~~~~~~~~~~~~
There are only so many ways of acquiring wealth (with only some methods actually leading to long-term/sustainable financial independence/prosperity):
1) Real Estate
2) Owning a business; being an entrepreneur
3) Career Job requiring higher education (i.e. college or university) or professional education (i.e. apprenticeship or trades)
4) Minimum Wage Jobs
5) Trading the financial markets; making financial “investments” (stocks, forex, futures, options, equities, commodities, etc.)
~~~~~~~~~~~~~~~~~~~~
Pseudo-Intellectual versus Intellectual (the following is a response from another individual/writer):
An intellectual follows the values and attitudes of Critical Thinking, and exercises good thinking habits. Their interest lies in discovery and self-correction.
The traits of a true intellectual are as follows:
  • intellectual humility – recognizing the limits and sensitivities of one's experience.
  • intellectual courage – ability to examine things and/or state results or potentialities, even if it may be costly/risky to your personal beliefs, or social acceptance, established norms or theories. The ability to put things at risk. Even if they are your own cherished ideas or beliefs that you are putting at risk.
  • intellectual empathy – knowing that you have to imaginatively put yourself in the place of others in order to understand them.
  • intellectual autonomy – being able to think independently, to carry through without constant guidance from others, and sometimes even to come to different conclusions.
  • intellectual integrity – holding yourself to the same standards you hold others, and holding all beliefs to the same standards.
  • intellectual honesty – being willing to admit discrepancies and avoid overlooking exceptions, even to oneself.
  • intellectual perseverance – having the patience to struggle through difficult or complex problems.
  • confidence in reason – willingness to follow the logic where-ever it leads.
  • fair-mindedness – avoiding making unjustified special exceptions or privileges. Holding all viewpoints to the same standards. This does not mean that all views are equal; it means they all are held to the same universal standards. They might end up meeting those standards very unequally. For instance: the theory of evolution vs the fable of creation, or climate change vs science denialism.
A pseudo-intellectual does not do these things. Their interest lies not in discovery and self-correction, but in confirmation of what is already believed. Confirmation Bias. Their "thinking" style is characterized by cognitive biases, a lack of self-reflection/self-correction, a lack of rigor and completeness, and applying woefully different standards to beliefs/ideas that they cherish, and any information that calls them into question.
~~~~~~~~~~~~~~~~~~~~
submitted by gentlestream to investing [link] [comments]

Supply and Demand Is The Best Forex Strategy! - YouTube Building an effective Supply and Demand forex trading strategy Supply and demand forex trading strategy How to find supply and demand zones forex 2020 - YouTube Supply and Demand Strategy Explained - YouTube Trading Forex Supply and Demand: The only strategy you ...

Supply and Demand Forex Analysis. The supply and demand concept is timeless. It will always be the simplest, most atomic way of explaining why price changes. This is because the market is the place where sellers and buyers meet to conduct the business of exchanging the product for cash. By understanding the supply and demand concept, it will be very simple to spot SD zones on charts. Although ... It is a trending trading strategy created in the late ’00s by Sam Seiden, who came up with the strategy using his experience working in the Chicago Mercantile Exchange. It focuses on the concept of the ancient laws of supply and demand. What is Supply & Demand in forex? Supply and Demand trading is the main culprit of price movement. In ... It is based on the concept of price rallies and drops. Many supply and demand forex traders have coined these movements as rally-base-rally, drop-base-drop, drop-base-rally, or rally-base-drop. However, we will not delve into that as this would take too long for an article. The basic concept is that a rally is an area in the chart where price strongly took off from going up, while a drop is an ... High accuracy Top Supply Demand Trading and Analysis (Case Study: February 4-7, 2020) – The supply and demand concept is a core component of economic theory.The Supply and Demand rule states that if the supply of a commodity is high and the demand is low, this generates excess which drives the price down. Supply and demand is one amongst many other stocks and Forex trading strategies, it’s not better or worst than other strategies, but this trading strategy explains in a lot of detail how most of the strong movements are created while following a logical rationale. Once you start trading our supply and demand strategy, your reality will be re-framed, how the market works and is moved by ... Supply and Demand… this is a basic economic term, which denotes availability of sellers willing to sell and buyers willing to buy. Having said that, supply and demand are important factors of price movement. In fact, both supply and demand are regulating factors for price, and at the same time price regulates supply and demand.. Given that trading is all about price movement, the concepts of ... This is first of 7 videos that explains the concept of "Market Flow" in Forex trading. […] How to find supply and demand zones forex 2020 How to find supply and demand zones forex Supply and Demand zones do offer a great insights into the structure of any market. If you have an idea of how to trade with support and […]

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Supply and Demand Is The Best Forex Strategy! - YouTube

The supply and demand forex trading strategy is actually a basic concept of demand and supply prices in the market, and then the forex supply and demand trading strategy is applied to the concept ... Building an effective supply and demand forex trading strategy requires you to understand how to identify the trend and how the banks trade within it, togeth... How to find supply and demand zones forex Supply and Demand zones do offer a great insights into the structure of any market. If you have an idea of how to t... Supply and Demand in the Forex market may be difficult to some of you but in this week's Forex market recap, I go over a few of the setups we took here at ht... All about Trading in Forex Marked Supply and Demand Strategy Explained Backgroung music: C_Major_Prelude ------------------------------- More Tags: "fib... In Trading Forex Supply and Demand: The only strategy you need i explain why supply and demand is the only trading strategy you will ever need.

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