Posts

Why I am a Trader and Investor and Why You Might Wanna be One Too

Image
I am a coder by day and trader by night! Coding is my day job. I am fully aware that only having a job will not allow me to provide for my family and myself consistently in the long run. This is because most of the western societies are setup in a way to be more and more disadvantageous towards the working middle class. I do not need to be a billionaire to be happy, but our society is becoming more and more binary. It seems that one can either be rich or poor, in which case I opt to be rich, or at least hedge myself against being poor. Trading and investing are my hedge against this trend.

The super rich and us Below are two videos from the BBC documentary "The Super Rich and Us". It clearly illustrates and explains the polarization of wealth distribution in our current society. Here is a catchy quote from the documentary:

There are the haves, the haves not and the haves yachts! But actually we seem to be heading for a society where there are only haves not and haves yachts

How to Automatically Buy Bitcoin Every Month

Image
So, you want to buy Bitcoin automatically every month, week or even every day? In this article, I will show you three ways to automate your recurring Cryptocurrency buying from very easy, which will require no technical skills, to more complicated ways, that will require some technical skills. Let’s have a look at how to do automated recurring buys of Bitcoin and other Cryptocurrencies.

Automate your trading without writing code

Image
In this post, I will investigate and show you the ways I know that you can automate your trading without the need to be a professional software developer. In fact, you don't even need to be able to code. The main reason why I trade end-of-day strategies is that I do not want to be in front of my computer screen trading the whole day. Another way not to be stuck behind your screen for the whole day is to automate your trading strategy. when most people think about automating a trading strategy they think about writing code and setting up a server and hooking up some trading APIs.

Should You Only Trade With The Trend as a Beginner

Image
When you start trading for the first time, it is very tempting to take every trade that comes your way. It is much better, however, when you are just learning how to trade to only ever trade with the trend.

Where to Place Your Take Profit

Image
Ok, you see a nice trade opportunity. And you know where to place your stop loss. Now, how about the take profit order? Where do you place it?

In this post, I will show you my approach to setting my initial take profit levels.

Where to Put Your Stop Loss

Image
So I talked about “What is R in Trading” and why it is so important to understand. I hope I made clear that R lets you focus on and manage Risks by always setting a stop-loss order to take you out of a position automatically if things turn against you. Now, after writing that I was thinking: Where would I place my stop loss? How do I do it? And can I explain how I usually place my stop-loss orders? Interested in knowing how I do it? I will give it a shot and do my best to explain it to you.

The most basic rule I use for placing a stop-loss order on my trades is this:

I want to be taken out of the trade automatically when the market shows me that my initial idea or reason for entering the trade, is no longer valid.

What is R in Trading?

Image
And Why is R So Important to Understand?

R in Trading is an objective way to think about success or failure in a trade. R expresses the (possible) return on a trade as a multiple of the risk taken on by that trade.

In my trading log, I register the amount of R I make. Also in my trading videos and ideas, I always talk about targets, for example, as 2R or 3R. You may have wondered why I am doing that. Why don’t I just talk about pips, points, or dollars risked, won or lost on a trade?

To answer these questions in full, we need to dive more deeply into the concept of R in trading. We will look into Risks, Returns, Probabilities and how these relate. Let’s go!

Seven Ways to Invest in Gold and Silver

Image
In the previous post, I talked about why I invest in Gold and Silver. I explained that I mostly buy Silver coins, but there are many ways to invest in Gold, Silver and other precious metals such as Platinum and Palladium.
Here are seven ways to invest and trade in precious metals:
Own and store physical Gold and Silver coins or bars, aka bullion, yourselfRemote storageSpendable Gold and SilverGold and Silver ETFs aka paper Gold and SilverGold and Silver mining ETFsGold and Silver FuturesGold and Silver CFDs Bullion Storing your coins and bars in your own vault is like owning your own private keys in Crypto terms. There are many similarities between owning your own Cryptos fully in your own wallet and holding Gold and Silver in your own vault.
Just the same, security is your own responsibility. In both cases, you are in full control of your money. You are not dependent on banks and other third parties. On the flip side, you are fully responsible yourself for keeping your money/assets s…

Learn Anything at Udemy

Generic Category (English)728x90