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Winning or losing day Know when to shut your trading down

 

Winning or losing day know when to shut your trading down

(Last Updated On: September 21, 2018)

When you watch this video. I ask these questions:

Do you shutdown your entire automated trading strategy once your daily target is met? Do you ignore any up market trading session to retain your daily profit? Probability says you could lose it.

Do you start up your automated trading strategy once the risk allows it where the crypto currency allows?

Let me know what you think via social media or emailing me.

Thanks

 

https://quantlabs.net/blog/2018/09/winning-losing-day-know-shut-trading/

As a bunch of recent Bitcoin ETFs were rejected by the Securities Exchance Commission, it seems Coinbase has gotten more desparate to get a legitimate player like Blackrock involved. They are one of the largest asset managers on the planet.

Here are some highlights of this article: `

An early pioneer of the ETF market, BlackRock is renowned for its popular, low-cost iShares family of ETFs.

Bitcoinist recently noted that BlackRock had no interest in becoming a crypto fund issuer itself. Its CEO Larry Fink recently said the firm’s clients have not expressed interest in the $300 billion market for digital currencies and crypto assets. He referred to Bitcoin as an “index of money laundering.” It seems BlackRock will solely be advising Coinbase in its ETF endeavors.

A Bitcoin ETF has been viewed as a next step in gaining legitimacy as an asset class and could lead to the entrance of more institutional money into crypto markets.

A special note about Coinbase from my experience. At this point, don't bother trying to use their Coinbasepro exchange. There is a little volume and will not work if their entire crypto currency selection is down. I would figure 50% of the time is that.

Another down crypto currency asset class day with minimal losses

 

This video is to show how you can have an algo trading system that take few bumps in the space of crypto currency asset class. The problem is you need to keep those to a minimum when you watch this video. As I keep saying recent videos, you need to minimize this or even eliminate the risk of these losses. As I mentioned in this video, you need to have a potential shutdown mechanism which puts your system to sleep for a while. You may need to wait it out instead of fighting falling knives in a particular asset  class. I am find I using my ‘risk on risk off’ signal more and more with no seeing myself depend on this new capability. It seems many pros use this as a way to protect their daily target percent moves or event daily profit target.

Are you the risk kind

Why take the risk of loss in a losing battle when the crypto currency asset class goes south for a while. I will tell this asset class is very volatile where it is in the extreme down but 12 hours laters, it is back up. Strange I know but you can make profit if the crypto currency asset class can come back within a few hours.

I noticed that almost 100% of people signing up to my list are wanting access to my Trade a like a Boss PDF. This leads  you the buy and sell signal of trading. My Quant Analytics addresses that

 

https://quantlabs.net/blog/2018/09/coinbase-wants-crypto-etf-blackrock/

I cannot type what I talk about here but there are quite a number of gems I have never publicized before. This is an important 30+ minute video. I especially highlight you do not need to trade 24/7. If you set a certain target of daily percent moves against your overall portfolio, you can easily reduce risk by overtrading. This takes place in both up and down markets for the crypto currency asset class.

There are lessons in this 30 minute video

Please watch this video with all the others I have highlighted on Youtube channel at youtube.com/quantlabs.

 

https://quantlabs.net/blog/2018/09/insider-pro-lessons-learned-crypto-algo-trading-sep-17/

I am thinking of using this trading logic to change my parameters in this system. It would lose the parameters for entry/exit logic based on the crypto currency market direction. This risk on risk off bias used by institutional pros when the markets don't have solid returns.

 

https://quantlabs.net/blog/2018/09/crypto-currency-risk-on-risk-off/

Winning with few losing positions in crypto currency automated trading world

I have demonstrated in this video that 2 out of 4 positions were profitable. One broker even with another of tiny loss of 0.06% which is very minimal. Remember that the commission of Binance is 0.1%.

https://quantlabs.net/blog/2018/09/winning-losing-positions-crypto-currency-automated-trading-world/

It has been brutal for a few days but the system testing has been taking a number of losses. After last night private event, I even found a new way to potentially remove all negative trades. Ihttps://quantlabs.net/academy/quant-analytics/ am testing that now. If I have accomplished that but still only get the odd profitable, I will be pretty happy with this. I made a usual video on this

Quant Analytics will be IMPROVED Huge

Once everything is in order, I will start heavily promoting my Quant Analytics service.

 

https://quantlabs.net/blog/2018/09/another-brutal-crypto-currency-day-no-losses-system/

Tonight I will show to debug a log which your #trading system generates

Tonight I will show to debug a log which your trading system generatesI posted this on my Facebook Live as a video to explain the rationale and details. If you are interested, get in touch with me as soon as possible. This event takes place tonight starting at 6 PM so you should say we are into the final hours.

https://quantlabs.net/blog/2018/09/tonight-i-will-show-to-debug-a-log-which-your-trading-system-generates/

I have put together a 20 minute video describing the wild losses of yesterday my system picked up. It was apparrently one of the worst days for the crypto currency asset class in about a year. As a result, I made some huge improvements which looks like I may have resolved. I even offer some debugging tips to help out here. As a result of this, you may want to check out this video here. https://quantlabs.net/blog/2018/09/protect-downside-loss-result-lessons-learned/

Bitcoin drop 10% last week with AUD acts like Emerging Market currency

Behind the firewall at https://quantlabs.net/academy/bitcoin-drop-10-last-week-with-aud-acts-like-emerging-market-currency/