3 great trading tools to predict the price line movement

Sharing With the Community

LONG TIME lurker, first time posting. Profitable trader here wondering how I’d give something back to this community without saying, “buy x company at $1 and sell at $1.2”, or giving up the secrets of my strategy.
I’m from a banking/arbitrage trading/risk analysis family...would anyone be interested in information around those areas in regard to day-trading?
EDIT: I’ll have a bit of a write up tomorrow and stick it up here. Thinking I’ll post something on the arbitrage topic first as that’s probably the most interesting/provocative.
EDIT2: Alright, here goes.
Instead of an arbitrage specific write up I want to talk about something else first—inspired by TheLoneComic’s comment. This is just what came out when I sat down to write. If it’s well received I’ll keep writing. This will probably be most beneficial to beginner traders with small capital and individuals struggling with stop losses...I can also go into more detail on this post, I’m typing this up within the time frame I have.
Arbitrage traders (also my background) don’t think the world of day traders as individuals—or at least ALL the traders I know don’t. Saying that, the trading world as a whole LOVE day-traders. The brokers do as they get commissions and everyone else does as 80-90% of you lose your money to the swirling pool of money in the market. This dislike or “looking down the nose” isn’t all warranted, I’ll admit, but the trading world has to be filled with many losers—many of whom, unfortunately, are just average Joes or Janes trying to free themselves from the wage-cage. This is a noble pursuit but most people shouldn’t, or don’t, require leverage to be profitable and are in fact endangering their capital by doing so—not to mention cutting their career short. This probably the most mind-boggling aspect of the typical day-trader. The term, “trade within your means” springs to mind.
The main point of contention within my arbitrage world is those hung up in the world of technical analysis and how reliable it actually is. Keep in mind these are firms with super-computers that execute and exit trades in the blink of an eye, searching all day across entire sectors for price disparity. There’s little room for human error and emotion...Arbitrage companies are incredibly profitable for this reason.
I don’t really want to get in a debate over TA as I know how emotionally invested people are in it. I do want to get beginners to rethink how they buy and sell. I will say this, broadly speaking, TA subscribers tend to mistake their success on patterns when the real winner is discipline and strategy—that’s why I like to read this sub. if you don’t have these you will lose...the same is true for all areas of business. We could easily transplant these people into any industry and I’m sure they’d thrive.
I believe there’s a missing link in the arsenal of the day-trader. Particularly for the beginner. And this missing link is combining Share Trading and CFD trading. This is a powerful stepping stone for those who want to wade into the rough ocean of CFD. Especially because it will help you better understand risk management and price movement.
I’d like to propose a strategy to the 80-90% of strugglers and losers—not the disciplined with sound strategy as they don’t need much help. I believe this is a far better way to enter into the world of trading and will give you a better understanding of leverage and when/how to better utilise it.
First, we’re going to start trading within our means, as protecting our capital is vital. We’re going to do this by combining Share trading and CFD trading. Specifically, we need to look for markets wherein there’s no restrictions on trading both CFD and buying shares outright. This means you’ll also need a broker that allows you to do both.
Next step is your strategy, PLEASE NOTE, you’re still going to develop your own strategy and work on your discipline so spend plenty of time on this...the only thing that is going to change is how you BUY/SELL.
Don’t mean to do this to you all but I’ll have to leave this one as a to be continued...I’ve run out of time and will continue later today should there still be interest.
EDIT 3:
I’ve got another short period here to continue on.
I would like to share what I believe is the true value in leveraging for a day-trader and I’ll tie it in to where I left off. My algorithm will spit out roughly 20 strong trades a day across many different markets. Some of these trades will require being open for several days, weeks, or even a month (I know, this takes them outside the realm of a “day trade”). Herein lies a risk of capital being tied up in multiple long term holds and open positions. Two things here on why I like to actually use buying stocks as a DT strategy: brokers usually charge you a fee to leave a position open over multiple days...this cost adds up—especially if like me you set a price target and don’t exit a trade until it is hit. And secondly, clear stop loss positions are not always clear. So my solution was to just BUY shares of the stock, commodity, or ETFs if I’d projected the trade to be longer than a day or if I couldn’t find a solid stop-loss point (please note my average position size is $15,000-$20,000 per trade so I don’t need the leverage to make money).
I could write a whole essay on hedging, as it can be very powerful when combined with this method correctly. It’s roll to play is so important that I will have to divulge more at some point...maybe in a future post.
I use leverage mostly to hedge and play some short game while I’ve got my longer term, bigger plays in the ground. Leverage is not a method I use for playing large positions for quick money. I think this is a far better attitude for beginners as the emphasis is always going to be on price targets and exit points, risk management, and money management/allocation.
More to come.
EDIT 4:
To summarise my viewpoint, those seeking to enter the world of trading should first learn to share trade and hedge. Learn to walk before you run. Not only will you gain better experience, be more controlled and methodical, be less frustrated and have a lower chance of bottoming your account, you’ll also have another weapon in your arsenal for when you decide to use leverage. Learning this skill will also allow you to understand when you can increase your stake/risk.
Some parts of this have been left a bit vague due to either time constraints or they require a thread/discussion of their own for further explanation. If there is anything I need to dive into a bit deeper please let me know. I’d like to post another thread on hedging and a “turning $1000 into $2000” play-by-play if such things are allowed? Also thinking about posting some of my algorithm’s picks, price entry, and price target. I like discussing such things but don’t have a very wide circle outside of work to share with at the moment.
submitted by wjm2018 to Daytrading [link] [comments]

Why Beginners Should Avoid Leverage and Where to Direct Their Attention

The temptation to trade on margin can be quite overwhelming for beginners. Especially if you've entered into the trading world through watching others making huge gains. There are better places to direct one's energy in the journey to profitability.
The reason to avoid leverage is because, for small-cap investors, it's a near certain way to lose your capital and get completely frustrated with the trading experience. Put it this way, there are too many factors fighting against you in the market for you to be profitable as a beginner fresh off paper-trading--especially if you're only employing technical analysis as your strategy.
[please note it is not impossible but it is incredibly rare]
We should be asking ourselves why we want to expose beginners to significantly more risk whilst they only have the resources and knowledge of an elementary small-cap retail investor. We should be encouraging another journey that will teach all the lessons of live trading whilst reducing their risk. We wouldn't encourage a friend to search for a home to buy or rent outside their means, nor would we search for a vehicle that we couldn't afford to run...so why should we trade shares that we can't afford to buy? "To make money!?", you may retort...but think about this, there is a way to trade within our means that will make us money and will reduce our risk exponentially. Is it unreasonable to say, that our positions in the market should reflect our knowledge, skill, risk tolerance, and experience?
The best place for beginners to direct their energy is in share trading. The principles of Day Trading can still be applied through Share Trading. You can still develop your DT edge and strategy, you can still set market entry and exit points, you can still trade live. The primary difference being significantly reduced risk. If you treat it as if it was a CFD account you will increase the longevity of your trading journey--potentially all way to your trading goals. This method will aid in building solid risk management, self-control, and strategy implementation.
I am more than happy to explain in greater detail how these set ups would work and operate. I want to see more beginners succeed in the trading world...the ratio of losing traders is far too high and the advice is often too complex.
submitted by wjm2018 to Daytrading [link] [comments]

Why Beginners Should Avoid Leverage and Where to Direct Their Attention

The temptation to trade on margin can be quite overwhelming for beginners. Especially if you've entered into the trading world through watching others making huge gains. There are better places to direct one's energy in the journey to profitability.
The reason to avoid leverage is because, for small-cap investors, it's a near certain way to lose your capital and get completely frustrated with the trading experience. Put it this way, there are too many factors fighting against you in the market for you to be profitable as a beginner fresh off paper-trading--especially if you're only employing technical analysis as your strategy.
[please note it is not impossible but it is incredibly rare]
We should be asking ourselves why we want to expose beginners to significantly more risk whilst they only have the resources and knowledge of an elementary small-cap retail investor. We should be encouraging another journey that will teach all the lessons of live trading whilst reducing their risk. We wouldn't encourage a friend to search for a home to buy or rent outside their means, nor would we search for a vehicle that we couldn't afford to run...so why should we trade shares that we can't afford to buy? "To make money!?", you may retort...but think about this, there is a way to trade within our means that will make us money and will reduce our risk exponentially. Is it unreasonable to say that our positions in the market should reflect our knowledge, skill, risk tolerance, and experience?
The best place for beginners to direct their energy is in share trading. The principles of Day Trading can still be applied through Share Trading. You can still develop your DT edge and strategy, you can still set market entry and exit points, you can still trade live. The primary difference being significantly reduced risk. If you treat it as if it was a CFD account you will increase the longevity of your trading journey--potentially all way to your trading goals. This method will aid in building solid risk management, self-control, and strategy implementation.
I am more than happy to explain in greater detail how these set ups would work and operate. I want to see more beginners succeed in the trading world...the ratio of losing traders is far too high and the advice is often too complex.
submitted by wjm2018 to Profitabletrading [link] [comments]

Brokerage triple dip?

Brokerage triple dip?
I use TOS for analysis and WeBull for execution.
I bought 5 call contracts in TAST, but it showed up 3 times in the Time and Sales. I left a .40 offer active for an hour or two before finally bumping it up to .45 where it instantly excecuted.
My first thought was this might be those bucket shop CFD's just trading against their clients, but I don't see any corresponding puts bought against my position. Or is this selling order flow and trying to spread hack, but failing because the penny pilot program?
It just seems odd that two more orders come in at the exact time as mine. Anyone know what is going on here?
https://preview.redd.it/achy6kkmtff51.jpg?width=798&format=pjpg&auto=webp&s=226ba6004034de979c4b8152cebbf8731b845e21
submitted by Senecar78 to options [link] [comments]

Analyzing the YouTube cooking video scene and stars

After watching Folding ideas video on , Cooking on the Internet for fun and profit, I felt inspired to have to discuss what is the current landscape of online cooking shows. This is a sort of exploration of how things are, what it means for restaurants, cooks or even cooking in general and how it will shape the industry in general afterwards. In ways this is sort of a review and comparison of the various YouTube personalities and what does it mean to be a YouTube star. Following the 3 pillars that Folding Ideas had laid out, Personality, Information and Spectacle, I will rating the personalities/channels based on a 6 point allocation system Like a skill pool and application of their points therein, the max could be 6 in one category at the detriment of the other skill sets.
Binging with Babish
Personality: 2
Information: 1
Spectacle: 3
If there was a leader for cooking shows now, it is Babish. His appearance on reddit tapping into the internet nostalgic nerdom has gave him popularity and the ability to bank on it. What I find interesting from the rating is that his spectacle isn’t that he’s is incredibly flamboyant or crazy with what he is doing, it’s just that his non face, one camera and hands only production is his spectacle. That is is his trademark and recognition. Why not the idea of how he recreates pop culture meals and then make a “gourmet” version of it? It would be more recognized but it is shown that with his Basics with Babish spin off series with equal fame means that his spectacle is not limited to only that purpose. As much as I would like to say he is the benchmark of which cooking shows should be judged now, I feel an all around person is actually impossible to become popular because balance does not inspire people, it is the stacking of it one aspect that changes it.
Adam Ragusea
Personality: 2
Information: 2
Spectacle: 2
Adam imho is as equal footing as you can have with as a YouTube star. His own video discussing the aspect YouTube cooking is interesting in the fact that his production is exactly what his most famous video is all about. It’s about stirring the pot and going against tradition in for the sake of doing so. I’ll make it plain, I sort of don’t like him for specific reasons unknown. As as chef I do see the slight arrogance in some of his instruction which is typical of chefs of renown and often celebrated. He has the knowledge and even the connections but I think because due to the allocation of his points evenly, no aspect supports his arrogance which would require a 3 or 4 to make up for those shortcomings. Plainly said, if he is that arrogant, it needs for him to have point allocation into more skill column to justify it. Because it is so even, his jack of all trades make’s him less of an expert and more of a columnist.
But I do respect that. Because in the long run, because of that one video that had netted him the most views, it allows him to basically be free to do anything. From information about sourdough research, to social commentary about media consumption of Mario Batali, to just a regular emphasis on one show, to ingredient/technique analysis, he’s basically someone who is the complete product of cooking shows of the 90’s food show boom. He is what Good eats is but the acts of act 1 Information, Act 2 preparation, and Act 3 execution, focuses on either just 1, 2 or 3 but sometimes never all of them at the same time. Toss in a splash of the analytical mind of Bourdain (courtesy of his Journalism degree) and that is who he is.
Chinese Cooking demystified
Personality: 1
Information: 3
Spectacle: 2
And now we enter one of the niche shows. Catering to a specific cuisine, the information is the spectacle. The interesting thing is when I approached my rating system, I almost considered making it just a personality and information rating with the spectacle being the difference between the two learning towards whichever side. CFD clearly takes on the Babish way of hands only presentation with voiceover. And in comparison with Babish it touches upon an amazing thing, that the production values are the invisible thing that makes the show appealing. Quite often I imagine myself thinking about how these hosts are talking out loud during the film portion and then reframing the same scene in their voice over work, polishing words and ideas. Unlike one shot recording, it’s like a 2nd take on the food and being able to do that shows how much that polish appeals to our sense of media.
What I find super interesting that is CFD clearly has less kitchen equipment that most other shows for good reason. Reflecting the space availability in Asia and just the different equipment and techniques used in Chinese cooking, there is an indirect extra amount of information being conveyed to the viewer. Was it not for the production value, this could have been mistaken to many home cooks channels showing off their techniques with bowls that they have readily at home, non industrial grade kitchen equipment and DIY set ups for shows.
What I admire about this show is that this video on Mapo Tofu sums it’s completely, a deep delve into their mission statement, casting off the adaptations of Chinese dishes and creating authenticity and personality from the information.
Joshua Weismann
Personality: 2
Information: 2
Spectacle: 2
What is interesting is that he is one of the few chefs amongst the pantheon on YouTubers. A lot of the other ones are actually have a career in video production. Looking at his point allocation, you see that I am essentially putting him in the same category as Adam Ragusea, which isn’t a bad thing. In the second similarity comparison why this makes sense is because Joshua has many things in common. The awareness of media consumption of cooking shows (aka business transition video) how he opens his shot and closes it with the cupboard which hearkens to Good Eats, and his often shown B roll. This is a chef fully aware of what makes a good show, hitting all the tropes of it and one that the audience begrudgingly accepts because we know that is what we want.
The recognition that he is a chef helps to credibility especially considering he has a handful of videos reflecting how to cook more efficiently and how to think like a chef and he has created niches within his own channel with Fermentation Fridays, his Making series where he makes an at home version of a fast food item. A similar vein of Babish and Gourmet Makes. Tapping into those niches it makes me wonder what is the fascination with recreating a food item that exists at home where the whole point of consuming the food item is to not have to make it in the first place. Everyone can make chicken sandwiches, everyone can have this product available at a fraction of the time and effort and yet the recreations engages audiences.
It shows that the making series has the highest views of any other type of videos on his channel with often exceeding 1 million views (the Church’s chicken burger being the first pre pandemic topping out at 5.9 million). Which once again goes to Ragusea’s point about what you want to be known for won’t necessarily be what you will be known for. The pandemic certainly helped if only for people to be nostalgic for the items they cannot get to but can be recreated at home for comfort.
But I don’t see Joshua as that. I recognize him first for his sourdough series but also for a mishmash of other things. Like the rating indicates, he’s a jack of all trades in the 3 pillars and the entry point for consuming his videos is vast enough to engage with people with concise videos that balance what the videos are like (notice buzzwords like Easiest, Ultimate, Guides and How Tos), acknowledgement of the media he is presenting these products (cupboard intro, production value and b rolls) and information. Comparing with him and Adam, who would I choose since they are so similar? Joshua of course because his cooking show is probably as closest to the spectrum end of old TV network cooking shows than of the Streaming. But consider this. Like I mentioned before Adam is representative of the culture of cooking audience consumption and the end product of it. Joshua is more the end product of cooking show production and represents what tropes are associated with said genre.
My name is Andong
Personality: 3
Information:2
Spectacle: 1
Weird comparison here with Andong and Joshua. Imagine this. Joshua has his branding as shown to focus on how to cook. It’s technique driven instructive. Andong has a branding that is about the food but his diversity for the food is all across the map. And that is the point. A Russian born filmmaker who studied in China and lives in Berlin, his channel is probably the most representative of the host than any other on this list. His personality is the spectacle and IMHO a lot of that has to do with being a filmmaker, his background but also literally his background. The set he uses is the evolution of what a kitchen set from a TV show looks like. It literally looks like a non-fuctional display of the show and as seen in one of his BTS videos, it is his living room.
So being the first one where it is all personality what do I have to say? Andong is just oozing it. It’s crazy how comforting his personality and enthusiasm is that permeates through all his videos regardless of content. What do I mean by that? Doesn’t Joshua and Adam have that same enthusiasm? They do, but their enthusiasm is from informing the audience of a method that makes sense. The act of informing what makes it’s amazing. His culture series fantastic.
However with Andong his enthusiasm for the food is literally for the food. Not how it’s made, not how but the amazingness that this thing even exists and he wants to share that love for that dish with you. With him I feel there is no effort needed to explain why this is great, it’s just there. It helps when has people over to test the items to eat, but if there was any YouTuber who is shares the joy of say Bourdain enjoying a meal, it would be Andong. The positivity is backed up with the food vernacular of foodies. THe draw is learning about the food he is cooking and not necessarily what the technique is hence heavy on the information culturally that the technique.
Pro Home Cooks
Personality: 1
Information: 3
Spectacle: 2
The low on the personality scale again. I have nothing against Mike Green but like a few on here, the focus is on the food. His sandwich series, goes hand in hand with his sourdough obsession. His focus is on education but in a different way than others. With the courses he offers on the side as well drive to actually make pro cooks at home, he reminds me a lot of Joshua in that but he seems to have a bit of an emphasis on guests to be the expert on whatever subject he was discussing. It is interesting how his channel managed to continue on without his brother probably because of the lack of personality. When you create a brand that isn’t dependent solely on the host(s), it can survive beyond it’s initial concept. But even in the title it offers what it’s intent is, to make you a pro cook at home. Wanting to inspire people beyond just entertaining them goes a long way and it shows in Mike’s “Mistakes” series which shows a side to cooking rarely seen “fixing/prevention” of cooking mishaps.
Alex “French Cooking Guy”
Personality: 3
Information: 3
Spectacle: 0
Ok I know what you are saying. Where the fuck is the spectacle. Well guess what, his personality is the spectacle. The information is part of the personality, which is also spectacle. Alex is the purest example of why I originally humoured a 2 metric system of just personality and information and what the different of emphasis is the spectacle. But the second you enter his video section, especially his most recent ones, it is obsession. His series are not a weekly thing or whatever was edited conveniently. They are back to back to back which emphasizes how he produces. And it works. His croissant series was 11 installments in a row (14 if you count the 3 tempering chocolate series beforehand) and other videos exhibit the same amount of dedication and format.
But this isn’t to say just because he is French that is why his personality is so engaging from a Western audience who is more familiar with English speaking chefs. Andong has a personality that goes beyond just the charm of his accent (in fact it was a conscious choice for him to make it in English to reach more viewers). Alex has more in common with another personality that isn’t even a Chef and that is Adam Savage. His film production skills takes him to a next level away from cooking shows because look at his studio, it literally looks like a garage/lab. With his engineering videos and focusing on one aspect of an item for an entire video where others would just focus on maybe max 2 minutes, the spectacle is almost a pure 6 from personality and information by sheer amount of what he was bombarding you with it. He is the science teacher that makes you excited for a subject through empathy and his sheer enthusiasm.
Bon Appetit
Personality: 3
Information: 0
Spectacle: 3
This artcle explains a lot. Bon Appetit has the benefit of creating crossovers. The MCU/Network television of shows. In a weird way Mike Green of Pro Cooks at Home is similar to Bon Appetit by trying to sell a lifestyle in cooking. The “Perfect series” is much like the Avengers style mash up and their own running series plays on the strength of the people’s personalities. TBH Bon Appetit is one of the last places I’d go for informative instruction, but I would go purely for the entertainment. I’m not saying it’s empty of information, I just feel there are a lot more resources I would scour before defaulting to Bon Appetit. And that is what is awesome about this Channel it actually created a formula for success where a lot has failed even well funded non independent and cook focused driven channels. As emphasized in the article it is because of the strength of their personalities.
Like Babish and Joshua, I feel that Bon Appetit is one of those channels that had a culture existing outside the show through it’s memes. With Claire inspiring the most of them and Brad’s “wodour” they have reach the hall of farmers like “Bam” EVOO and “That’s for another show…” slight effort they have created a meme machine that transcends their informative content and shine in the personality content.
Fine Dining TV and Chef Epic
Personality: 0
Information: 4
Spectacle: 2
Wow. All information no personality. This must be awesome right? Wrong. There is a reason that these two channels has averages of a few thousand views the lack of personality. Remember Pro Cooks at Home? This is the result of having zero personality to tether all the information together. A lot of people just don’t have personalities for the camera and that percentage does translate into the chef population as well. But remember that most of famous YouTube Chefs are filmmakers first. Even Alton Brown was a director for commercials before starting Good Eats.
But isn’t the spectacle just the wealth of information you get in how the dish is created? Well of course...if you are part of that industry. Remember this is just my opinion but as my opinion as a chef, gleaning just a clue to what they used to make the dish allows me to reverse engineer how to make it. That is why I value the information at 4. But the spectacle is fucked. In a lot of these videos, the consideration of how to show the act of plating and cooking is cold and efficient, not the way a show plates for the audience. This is like seeing a magic act in the backroom in the Prestige. You see how the illusion of the food is made, but in doing so some of the magic of this plate appearing on your table is lost. At the end of the day it is just an item to the chef, for service for the business not selling you the culture, lifestyle, the promise of being able to make the food. The story is not there.
Don’t get me wrong I love these two channels. I wish for them to have more views and more engagement. But without a host to fill in the gaps between why I am traveling to this restaurant or learning this technique, we lose our stand in for us in that video. The relationship between chef and audience is lost because we can’t eat it and we don’t have anyone to empathize and live through when it is eaten.
John QuilteFood Busker
Personality: 3
Information: 2
Spectacle: 1
And then you have someone like John Quilter. Ex chef, visiting places that are showing off said techniques and engaging with it through him. The video on the pork chop amazing, showing his engagement with it as well. Like Joshua has many videos on How Tos, Perfects and Tips For, I feel his evolution isn’t maintaining consistency but his evolution in general. From what I gather I see he lives for the work. He just works and the burn out came from it. It’s sad because there is nothing wrong with his content, but this is an example of how high barrier to entry for the online cooking show is. He had been doing this for years, even longer than Babish! But to what end do you keep on doing it to a lack of engagement? This seems to be the exact same effort that caused Folding Ideas to abandon his cooking show attempt, not for a lack of love but from the level of consistency required for the effort.
Food Geek
Personality: 2
Information: 4
Spectacle: 0
On the opposite side of the Chef Epic and Fine Dining TV, we have the Food Geek. Much like any other entry on this list devoid of spectacle, Sune’s spectacle comes from his personality and information. His sole emphasis on the methods for sourdough and his experiments make his contribution vital in a way that makes America’s Test Kitchen and Serious Eats so amazing. The ASMR-like voice is perfect for delivering the reaction and results of the experiment that reassures that he did this so you don’t have to. The information is the story which is so weird because where Chef Epic and Fine Dining TV are trying to show you a story, it’s just too short. It’s a collection of short films about kitchens not a cooking channel. Food Geek accomplishes something I feel is more needed in the cooking show genre as we all grow more in education about cooking.
Urban Butchery Channel
Personality: 1
Information: 3
Spectacle: 2
Butchery is that niche that only a handful of chefs will every touch. Once again the information is part of the spectacle and the knowledge of Franco is amazing. But as you can see the apparent “dryness” of the subject has given it few views. It goes to show that even specialization does not guarantee popularity even if the subject is totally focused on said speciality. Bon Appetit has it’s own butcher series that is equally as dry yet garners more views because of their massive media presence. But like Food Geek, this is exactly the informative channel I wish can inspired people to take the next step in their cooking education and journey. To bridge the gap between source and end product for the consumer.

Conclusion
Ultimately all these stars are contributing to the cooking landscape in some shape or form. These shows are repackaging the basics in how media changes with each decade and generation. Julia's was almost a supplement to her book after the success of her demonstration, Pepin a continuation on PBS, Emeril, Alton, Jamie, Rachel, Nigella the embrace of the Food Network channel, and Babish and Bon Appetit being the YouTube era. All of them were teaching the basics of what we all knew but almost adding ever so slightly upon the next generation entering adulthood or college. The education gets better with each generation but I feel it always has to develop the "personality" of the person through all the basics and before introducing something different such as curry, pad thai, and like Andong more euro centric dishes. Ultimately these chefs and content creators are challenging how we view cooking, how we should approach it and most importantly educating us.
I hope in this post pandemic world, that these channels and as a whole can lead people seeing their relationship with food in a different way. To what is possible, what is considered delicious and ultimately what can bring us together as a community as food always has.

If you have any other channel that is worth mention do discuss it of course. Always out there looking for more channels. I do have other channels to suggest but their impact sort of fits so closely to other entries on this list that it didn't seem worth mentioning.
submitted by orangek1tty to KitchenConfidential [link] [comments]

r/formula1 – I'm an F1 Engineer/Strategist, Ask Me Anything... (pt 2)

Source
Previous post here.
Questions Answers
How many times in a year do you think you get race day strategy 100% correct? I would say we never get it 100% correct. Race day strategy isn't just about picking the correct number of stops and stop laps for both cars.
Did we take every last drop of grip out of the tyres before we pitted? Did we pressure cars ahead the right amount at every point? Did we back off and protect the tyres the right amount at every point? Did we communicate to the driver exactly what we were trying to achieve and therefore get 100% out of them at every instant in the race? Was the modelling accurate and useful? etc. etc.
We will always be searching for marginal/incremental improvements in everything we do.
I’m in high school and am planning on going to school to become a mechanical engineer, so my question is this: how available are engineering jobs in F1, or just motorsport in general? Of course, being an F1 engineer would be a dream, but I have no idea how difficult it would be to actually find a job I have to be honest and say that jobs in motorsport and especially F1 are not plentiful and that they are often oversubscribed many times over.
I would not let that put you off though, at your age you have a lot of time to pick up skills, experiences and knowledge that will help you in the endeavor of getting a job in motorsport.
I would also say that perseverance is almost an essential quality in finding a job in F1. I, and many others I know, were turned down for roles multiple times and at various points thought we would never get our dream jobs in F1.
Hey, Randy! Thanks for doing this awesome AMA. You have talked a lot about getting into F1 for a career as an Engineer. I was hoping you could shed a bit of light in what skillsets/qualifications you look for in candidates who work as the mechanics and the pitstop crew on a given race weekend. Again, Thanks for doing this. I have read through every one of your answers and they were as much fun to read as they were enlightening about the sport we love. So this is not my area of expertise, although I do spend a lot of time working with the pitcrew - so please take this with a pinch of salt but I think below are the main things we look for:
* Some prior experience in building and servicing of race cars or bikes.
* An ability to understand and follow (often complex) procedures.
* A proactive nature (e.g. when reporting faults or build issues).
* Dealing well with a high pressure and time constrained workload and environment.
* An attention to detail and a willingness to learn.
* Ability to read and interpret technical drawings.
* Fabrication and machining skills.
Really cool to hear from you Randy. How have you and the team at McLaren been spending your time with everything that’s been going on with Covid-19? Hope we can see you go racing in Austria in July! So F1 teams have all been subject to an extended "shutdown" meaning that most of us haven't been allowed to work on F1 projects and many of us, consequently, have not been working in recent weeks.
Personally, I've used the time to try and get fit, having averaged c. 4 hours and 15 minutes of exercise every day since April 1st (yes I do have a spreadsheet), as well as trying to learn some new skills like React.
Many of the team have used the opportunity to spend time with their loved ones, which can be difficult with hectic schedules, to improve their cooking skills (I have eaten the best pizza I've ever had during lockdown!), do gardening and so on.
Everyone seems eager to get back to it and most teams will be returning to work over the next fortnight.
Hi Randy. Thanks so much for doing this, the answers so far have been really insightful. Can I ask, as an armchair fan, what can I look for over the course of the weekend to help me predict likely strategic calls on race day? The main 2 factors are tyre behaviour (degradation, wear life and pace difference) and pitstop loss. From here you can get a basic understanding of the strategy before competitors are thrown into the mix.
Pirelli kindly provide some of the information each weekend on tyres and you can estimate the rest from FP2 long runs towards the end of the session. Pitstop loss is also often given by some teams (maybe rounded or slightly noisified - but close enough to give you the right number of stops).
With those 2 things you can work out the baseline strategy if you were racing alone and then you want to be considering the cars that are a pitstop window ahead and behind and see whether you would stop earlier or later than the baseline based on undercutting, traffic and so on.
Thank you so much for doing this AMA! During last year's German GP, I remember that a lot of us fans were interested in contrasting approaches made by two teams as the track started to dry up. One driver saw that the track was dry enough for slicks, called it in, and got the go ahead to take the gamble; he ended up coming very close to a podium. Another driver made similar observations and appealed repeatedly to his engineer to make the switch, but was instructed to stay out for several more laps, costing him points. I understand hindsight is 20/20 here, but if you were the engineer, would you be more inclined to take the driver's word when they potentially contradict the data, or vice versa? Do you believe there's a "correct" approach in situations like these, or a personal preference? Again, thank you so much! (Typed from my “Mclaren Edition” phone...I can't wait for the season to start, and I really wish you guys the best!) Thank you for the kind words!
I think there is a lot you don't see (not your fault) when it comes to strategic decisions, this is amplified many times over in a wet or changeable conditions race, where decisions are extremely difficult, with lots of information, of varying quality/frequency.
I think we have learnt that it depends. Sometimes, we will weight the driver's input higher than anything else, sometimes it will be the least valuable information.
Do you employ many Americans on the team, and if so what does it take? Assuming they have the technical credentials of engineering. So we have nothing against Americans, nor people of other nationalities - having the right to work in the UK is sometimes required although we do also help with visa applications this isn't always possible for us to do.
In terms of Americans on the team, we have Zak Brown, of course and I'll be honest and say I can't think of any others at the moment, although we have had a few placement students in recent years from the United States.
There's no extra requirement for Americans, especially as we're moving to Mercedes powerunits soon, we won't have too many issues with the pronunciation of Renault anymore.
What kind of people do you have in the strategy department? Are they mostly engineers, or like mathematicians and computer scientists? Although we are largely engineers by degree, we don't really discriminate against other backgrounds and are often quite keen to add a diversity of ideas and backgrounds into the mix - a numerate degree is going to be very helpful though.
We are 60% mechanical engineers, 1 engineemathematician hybrid and 1 physicist.
Is it unusual to go from entry-level engineer to head of strategy in 6-7 years? What do you think drove your success? I think it actually happened even a bit quicker than that - which had never been my expectation when I started.
It's hard to say what is unusual, there are so few "race strategists" in the world, let alone in F1 that I think there's not really a "usual" and often timescales can be quite variable based on circumstance (e.g. someone leaving/changing role).
I guess the success is driven by the confidence and belief in the strategy team, of which I am just a part - so the fact that the other members of the team are so good, that management above us let us independently improve and change our processes without blame nor interference etc. is what has really driven it. Also have the much wider strategy team that includes 10s of volunteers to thank - it truly is a team effort and no single person would have the impact they do without the team around them.
Does race strategist cooperate with aerodynamics department in any way? So, I can't go into details but yes we do. Strategy is a really cool role because we end up dealing with pretty much all other areas - as we also cover things like Competitor Intelligence and Sporting matters.
In a more typical sense, just thinking about race strategy, there are a few areas that spring to mind, aerodynamicists and other engineers will be setting things like the wing level and the trades made here can affect performance in qualifying vs. the race, something that we as strategists are well placed to comment on the value of and also for setting cooling levels, we're responsible for weather forecasting and interpretation and so will often liaise with our aerodynamics colleagues about the risks of it being hotter than certain limits.
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Could you unpack a bit on what "competitor intelligence" does? Thanks! "Mr Holmes, I would love to tell you, but then I'd have to kill you."
I'm afraid that in this case the answer is no. All I can say is that we do some pretty neat things using the various kinds of information (audio, video, images, data, quotes, etc.) to gain intelligence on things like relative performance, other teams and so on.
What’s your proudest moment in F1 to date? Another tough one!
What makes me proudest is the Strategy team at McLaren. The team consists of around 5 people at its core and I can honestly say that they are the most talented, motivated, most passionate and smartest collection of individuals I have ever had the pleasure of working with. Everyone's level naturally rises when you work with people of this calibre and although the team is constantly looking for areas of improvement, challenging each other - it is also really just fun. I am very proud that I've played a part in pulling in each of my strategy teammates.
One other thing that gets close (other than Grand Prix which I'll cover in another answer) is Mission Control. McLaren were kind enough to give me the opportunity to manage the project to design a new Mission Control from scratch, build and deploy it. We were responsible for building contractors, ventilation, budget, aesthetic, even unpacking and setting up over 30 machines. The Mission Control room is an awesome facility and we built it together as a team. A lot of it is secret but here's a photo you are allowed to see:
https://pbs.twimg.com/media/EKssMOfWkAAwPE6?format=jpg&name=large
Hello, Do you go on reddit and check this sub sometimes? I would say more frequently than sometimes and I'm not the only one who works in F1 than does.
The content on here can be amazing at times - from some of the photos, to some of the data visualisations - and sometimes it is just fun to read comments and see how different our perspective of a race/event can be to that of fans.
You've talked about refuelling in a previous answer, and how it might affect strategies, but what is your opinion on the current tyres, and how they basically force the teams to do a two-stop strategy? Would you prefer if the tyres were manufactured in a way that makes them more durable? Thank you! So, I would start by saying the tyres don't force teams into 2 stop strategies, however, the front-runners will have a higher propensity for 2 stops over 1 stops in the current regime, which may present a more skewed picture to fans.
I believe and I think my colleagues and competitors agree, that good racing does involve some strategic flexibility and variety and a good sweet spot is to have races that are at crossover between 2 an 3 stop strategies (crossover means the timings and track position work out such as to be roughly equal).
However, Pirelli are in an unenviable position with regards to giving us tyres that would encourage 2 or 3 stop crossover events, as the drivers also need to be able to push the tyres lap after lap to get good racing.
So you can see that Pirelli have to try and balance both concerns and I think with that in mind they are doing a good job of finding a balance.
The strategy with sainz in Brazil was amazing man Thanks for the kind words but the strategy in Brazil (I hope) was as good as in Austria, or Hungary, etc. We didn't do anything particularly special but in this case the outcome was particularly good - we try and judge ourselves on our decisions/processes/analysis rather than the outcome as the outcome/result can be dependent on chance which is outside our control.
Have you found any books in particular helpful when it comes to the soft skills required working in a multi-department environment, also when it comes to the overarching strategic principles. Building on that, how often do you find yourself acting against the data/conclusions presented to you in favour of your own observations or “common sense” I think the most useful book has been Harry Potter and the Order of the Phoenix as it really demonstrates the importance of teamwork. Mark Corrigan's seminal "Business Secrets of the Pharaohs" and Michael Scott's "Somehow I Manage" are also essential reading.
Seriously though, a difficult one, I think a lot of skills are picked up outside of books, things like logical problem-solving, being extremely pro-active, etc. however, some books that I find have been useful are:
* Thinking Fast and Slow (almost essential reading, Thinking in Bets is also good)
* The Intelligent Entrepreneur (very inspiring)
* Outliers (to try and replicate some of the factors)
* Legacy (a great book about teamwork and management)
* Resonant Leadership (given to me by manager and a great read)
Speaking from a career standpoint, does having a background in something like biology factor into a possible role at all? Something of a mix of Biology and Engineering (Biomed, Bioengineering etc)? Thanks! It can do - I specialised in Biomedical Engineering as one of my electives in my final year at university, by the way.
Especially in strategy, different viewpoints/experiences/backgrounds can be very useful.
So we're hearing that Austria and maybe Britain is going ahead, is McLaren prepping for this or are they waiting for official word from Formula 1 I can't comment on the calendar as it stands as that would be breaking confidentiality. However, I can say that Liberty and the FIA are working tirelessly to bring a calendar together and it was something that we all discussed yesterday in the Sporting Working Group and is no doubt being discussed on a daily basis in other forums also.
The teams, including McLaren, are trying as well to prepare for the season starting soon whilst remaining flexible such that if there are changes we can adapt to them quickly and well.
How do you judge a mandatory 2 pit stops instead of only one? Can this make the races more enjoyable in your opinion? Thanks I don't think mandatory 2 stop strategies are a good idea. I can talk about this openly as its something we have debated with other teams, the FIA and Liberty as well and as a group we decided against it.
The reason I don't like mandatory 2 stop strategies is that it is artificial and artificial constraints (I believe) will lead to more strange/bad occurrences than good ones.
The benefit of mandatory 2 stop strategies is that everyone will make 2 stops which on average is more stops than we currently do and we believe that more stops (to a limit) typically lead to more exciting races.
However, the downside is that this is purely artificial. If the race is a clear 1 stop and we add a second stop artificially then it's more likely that that stop could be placed in a strange spot, because the sensitivity to its timing could be low - you may see cars pitting very early or late into the race and therefore the race is still like a 1 stop (you don't get the full benefit on racing of the second stop) - especially with a point for fastest lap.
You may then argue that we could force the second stop into a particular window, or set a limit on stint lengths. This also has issues, with cars likely to be concentrated on one side of the window and then there may need to be more artificial constraints.
I very firmly believe that the best way to encourage more stops is to keep constraints on strategists light and influence the primary factors that determine how many stops there are, that is:
* Pitloss (decrease = positive pressure on number of stops).
* Tyre behaviour (worse behaviour = positive pressure on number of stops).
What's it like working for the most positive and happiest team? Let me ask some of my friends at other teams and I'll get back to you soon.
Only kidding 😁 ! I can't say if McLaren is the most positive/happiest team as I've not been everywhere, but its certainly the most fun, positive, happy, smart, etc. etc. team I've ever worked at.
I love it. It's the people that make McLaren (and I know that's a cliche) special and I enjoy working in such a tight-knit, funny, motivated team.
What was the most difficult race strategy wise in your F1 career? My first race, I think stands outs - the 2013 Australian Grand Prix. I started work on January 2nd that year (my first real job in F1), had no strategy experience, had to do lots of winter reporting and had no strategy mentor (as the previous strategist had left already). I'm not sure "baptism of fire" and "thrown into the deep-end" are mixable metaphors but that's what it felt like.
To make matters more "interesting", the data showed and I was convinced that it would be a multiple stop (probably 3 stop) grand prix, based on what we had observed in Winter Testing and during Friday and Saturday running. This was in sharp contradiction to recent history at the Australian Grand Prix - so there were many heated discussions over this (with the majority of the team heavily disagreeing with it being more than a 1 stop race and every member having much more experience than I).
Turns out lack of experience can be an advantage sometimes. Teams tended to do a 2 or 3 stop race, but the latter was much better. Teams were reluctant to add stops given experience and recent history of the Australian Grand Prix and this pushed many into poor strategies, rather than adapting to the tyre behaviour we were observing.
2013 was an interesting year for strategy, with empirical data and lack of bias being really important to getting the strategies right. If you were to look through those races there are certain teams that flip-flopped a lot and others that quickly adapted to the new 'normal'.
Hi Randy, I don't know if this is already over but I'll try anyway. It's no surprise that working in F1 in any capacity must be extremely competitive. Is there any chance for someone considering a career change to be able to get a foot in the door? I work in investment management and realise that I want to be as close to my passion as possible. I'm open to pretty much any job just to get in. Naturally Id hope to have some transferable skills but i would focus on the chance to build skills and potentially go from there. Any advice? Thanks! I think perseverance and desire are key and yes it is possible. Coincidentally, I was working in the investment industry when I was offered the chance to take a full time role in strategy for the 2013 season.
I had worked at Williams for my final year project at university, but had been "out of the game" for a couple years when I got the offer to return.
Hello Randy, I am sorry if this has already been asked. But I would like to know your thoughts on: The new strategy involved on the new regulations/ground affect designs on the new Formula 1 vehicles? Is this a step in the right direction? Love to hear an professional / insider view on these new changes to the sport as the team Engineers do not seem to have a big say in the acceptace of the design limitations from FIA. I personally think the new regulations (Sporting, Technical and Financial) are moving the sport in the right direction and so am looking forwards to them being introduced over the coming years.
I would also say, as it may not be obvious to fans, that teams and engineers are heavily involved in these regulations. Whether that is us helping to draft parts of them, sense check them, vote on them, etc. it is a very open, constructive forum between the teams, the FIA and FOM (and other external experts as required).
Day 5: Mr. Singh is still answering questions. He's now one of us. LEGEND, and thanks to McLaren for allowing this. -Best AMA yet? DCanswered4questions. Haha thank you!
I will probably have to stop soon - but have a few more answers coming on a few families of question I haven’t yet answered. 🙂
Hi, Randy, Your answers are great, thank you! One of my most favorite McLaren performances of recent years was Fernando's insane race in Azerbaijan in 2018, when he had a double tyre puncture but still managed to finish 7th. Were you still his personal strategist back then? What was your role in his success? What were you thoughts when you saw him limping to the pits on two wheels? What did you do after that? What a race, eh? "Personal" strategist, you make us sound like mathematical butlers... 😁.
I wasn't Fernando's strategist at that time, Chris (one of our team) had already taken over by then and I was leading the team. It was not an easy race, although it may look like we sat back and watched, there's a lot of decisions made that you don't see and a lot of decisions made not to do stuff.
It was a good team effort from everyone to stay calm and try and pick up the pieces after the incident on the first lap, when the car rolled into the pits we did consider retiring it - but as a famous paper salesman once said "you miss 100% of the shots you don't take". What outsiders (who get special access) often notice is that the team stays calm, you can't get wobbly or excited over the incident/accident, you need to be calm, methodical and logical.
Great ama I think this is my favourite question so far. 😀
To be honest, the questions are very interesting and I have had so many people answer questions for me when I was in the position of being a fan/student and that changed my life by helping me get my dream job. If I can give back a fraction of the help/information I've received then I'll feel very happy!
How contagious is Landos laugh? I don't know about you but I find it quite grating. Do you know the feeling you get when you hear someone scratch their nails across a blackboard, or when your alarm goes off and you're still tired?
In all seriousness though, Lando is a funny guy and does always keep the mood nice and light.
Hi Randy. Who is your favourite member of the IT team? Sincerely, Definitely not a member of the IT team. Trick question! I don't have a favourite member of the IT team. 😁
Is there any role for physicians/doctors on race teams? As doctors, I would probably say no. Most teams won't employ their own doctors anymore or will do so in a very limited capacity.
However, that doesn't mean we don't have medical support, it tends to come through external organisations that support F1, such as Formula Medicine, for example, or the FIA's Medical Programme.
We also occasionally get applications for strategists who have a medical background - and that isn't something we look down upon, if anything it may provide a skillset/experiences that would be complementary to those of 'mostly engineers'.
I understand you may not answer because this may be sensitive, but Which method of steering the ship do you think is more effective ? The steely dictatorial grip of Ron Dennis or the More lenient managerial approach of Zak brown ? From a fan perspective, I love that mclaren drivers aren’t on such a tight leash. I never really worked under Ron as I joined in mid-2015. I have to say that the management style I’ve experienced throughout has been great - no blame culture, very open and understanding, letting the experts make decisions, etc.
Have you ever sat on the pitwall at the start and said (even to yourself) "And it's lights out and away we go."? I haven’t! I imagine I now will at whichever Grand Prix we get the pleasure of starting first this year.
Is Ferrari’s strategy as much of a running joke in the paddock as it is by the fans and here on reddit? Maybe you can’t really answer that truthfully but I’ve always been curious. It’s obviously a difficult job but I do wonder if they shoot themselves in the foot as often as it seems from the fans perspective. Answered elsewhere in the thread.
It's a difficult, stressful job, so you always have respect for your competitors.
In your experience, would adding flame decals to my truck make it go faster? Where are you going to place them? What colour are the flames?
Hey randy, i am a 15 year old girl who lives in india and my dream is to become a formula one engineer or work in f1 in anyway. What do u think are the educational qualifications needed to become a formula 1 engineer and what exposure do u think i need to even be close to full filling my dream. I have been following mclaren f1 team for quite some while now and love the friendly environment inside the team. As PapaKeth says, hopefully there are some answers to your question about what qualifications are required in my other comments.
Can I say though, don't let being 15, female, or living in India deter you - none of those things are a blocker to getting a job in F1 in the future.
Hi ! Thank you for answering some of our questions ! I've been wanting to ask, in the event of a car failure ( engine failure, hydraulics failure, etc) how do you become aware of it ? Do you have a real time data link to the car as an engineer ? Or is it something you see on a TV ? So we get data from the cars "live", there are hundreds of sensors on each car and this data is transmitted to us at the track and we also transmit it back to HQ in Woking. There are tens of people looking at the data and typically we will spot problems in the data, or based on feedback from the drivers, before we see them on TV.
That doesn't mean that we never spot stuff on TV first - sometimes you don't have instrumentation for certain things and so you may spot it visually first and the TV feed is a good way of sense-checking in some cases as well.
Do you think Stoffel deserved to still be in F1? (Not necessarily with McLaren) 100% - he is a great talent and I'm very glad that he is doing so well in Formula E.
Hi, thanks for doing this Q&A. Working for an F1 team is the dream, though I understand it's very difficult to get in. I'm disabled, would this matter to an employer? Do you have any advice on how I could approach this to someone as I'm just finishing my first year at University and hoping to apply for internships. Also, (sorry if you've answered this question already) I am studying Mathematics probably going to move into Mathematics and Statistics. Would it be possible to apply for a strategist position with a Mathematics degree? Your disability should not matter to an employer and I really believe it will not. We have people with disabilities working at McLaren. Perhaps if it is something you are concerned about or if its a disability that a team (or McLaren) could help make easier to manage (apologies if my wording is not sensitive) then I would highlight that in your application when you apply for a role.
Mathematics is entirely sensible as a background for a strategist role. I started off in Mathematics (& Statistics) before I moved over to Engineering (I found Mathematics at university to be too abstract for my liking). If you are doing Statistics anything that covers stochastic modelling would be particularly relevant to strategy.
I want to work in F1 in the future and preferably an engineer role. Would studying Mechanical Engineering be the best course to get a chance? Thanks I would say the majority of F1 engineers have studied Mechanical Engineering but that doesn't necessarily equate to it giving you the best chance of getting in. Engineering skills (and particularly mechanical engineering skills) will make you suitable for a multitude of roles in an F1 team (from strategy, to design engineering, to race engineering and performance analysis), so naturally you would expect more mechanical engineers.
I would have a think about the role that you would like to do and what qualifications would give you the best chance for that role, it could be that its Computer Science instead, or Aerodynamics, or maybe it is Mechanical Engineering. I would also think heavily about how interested you are in said degree - a degree is not a small investment of time, money and effort and its important you do something you enjoy.
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Hey Randy, this answer was not directed at me but I just want to let you know it really just helped me out. I recently dropped out of mechanical engineering because I wasn't enjoying it and made the switch to computer science. It really pained me for a while thinking about giving up the F1 dream because my career choice wasn't ideal for me. So yeah, thanks. While I'm at it I'd like to add a question about computer science in an F1 team, what kind of roles could I take part of with that degree (specificaly at the track, though I see how that's a bit less likely)? Are there masters degrees or specializations more sought after in certain areas? Again, thanks a lot for you time in answering these questions and apologies for the bad english 😅 Hi, no worries and thank you for the appreciation.
Computer Science is a numerate enough degree at most places that you could lend yourself to any role as long as you can pick up the required engineering knowledge as well. Obviously, something in areas like Software Engineering, IT or Vehicle Science/Modelling may be most relevant/easy but there aren't necessarily many trackside opportunities in those areas.
Hello, First of all, thanks for answering all those questions. It's nice for us students dreaming of F1 to have something to look up to. So I am studying mechanical engineering in France and I am really looking forward to become a Motorsport Race engineer, and obviously F1 would be the dream. What I like the lost in that job is the trackside aspect, travelling, living the race. As I imagine, you need some years of experience to become a trackside F1 engineer. So do you think building experience in lower formulas like F2/F3, FE, or prototypes, GT...as performance/data engineer in smaller teams is a good way to line up for a trackside job in F1 ? Or is it recomended to start as an engineer at the lowest level directly in F1 and try to climb the ladder from there ? What is the proportion of your trackside colleagues that come from other motorsport categories ? Thanks ! Great - I look forward to working with you, or competing against you in the future!
That's a tough one. I wouldn't say trackside experience, per se, is very highly desired for trackside roles, but rather a demonstration of the deep technical/operational knowledge, the ability to deal with stress, etc. that makes people successful in those roles.
For this reason, I would say it's better to be in an F1 team and then attempt to try and go trackside, than to be trackside in a 'lower' formula.
The data, from my experience, suggests the same, the vast majority of engineers are in F1 first and then go trackside, rather than being trackside outside of F1 and moving to be trackside in F1.
That is not to say that experience in 'lower' formulae is not immensely useful to securing a job in F1 (just, I believe less preferred than F1 experience).
[deleted] We have - and not just sports too.
We have met with data scientists from football teams, coaches from the Olympics, rugby teams and professional cyclists - as well as many engineers and drivers from other motorsport series.
We also try and keep learning by working with partners or contacts across the military and commercial fields also.
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Can you expand on the military part? Only at a high level, I'm afraid - as I wouldn't want to give anything away to others.
One area that I can talk about is that many teams will use military or ex-military experts to coach/train/share ideas with their personnel as there is a lot of overlap (as there is with many commercial fields also). So, for example, the military practice high quality communications on a regular basis, in highly stressful/pressured situations - that's an area where many teams have worked with ex-RAF personnel, for example, to share best practice, to coach and teach personnel and to improve processes.
Hi Randy My question is, if there's for example safety car deployed and the decision whether pit or not have to be made quickly, can the race engineer and the driver make a decision without asking you? They can but they shouldn't and I can't think of an occasion when they have.
Strategy decisions are made by the strategy team (not necessarily by me) and we have processes in place for making decisions where we have lots of time (normally measured in minutes), down to decisions where we may have 2 or 3 seconds to decide what to do for both cars and execute the communications/actions to do it.
Sometimes we may pre-make the decision and sometimes we have to make it on the fly or override our original intent - the thing about safety cars is that the cause of them can often change your variables/strategy.
Can you speak on how the sport has changed in the past few years in aspect to big data. How has data gathering and manipulation changed the sport? Specifically when it comes to making decisions based on past and current strategies. What kind of software and hardware have made the biggest changes, and how do you see the future of F1 benefit from AI/Big-data? Thanks for any info you may be able to share. McLaren have always been data-driven, so things haven't changed too much recently. We are finding better ways to analyse the data we have and to draw insights from it. I'm afraid I can't say too much more.
Why is it that you still see signs being held out to the drivers at the pit wall? Surely there can’t be anything said on these signs which can’t be said over the car radio? There’s gonna be a simple answer id imagine. I’ve always thought that it would be hard to try read a sign while travelling at 200 mph? It happens so rarely nowadays but the radio can fail, so the pitboards are a backup for that. The drivers should always give them a look as they go past (and they rarely do!) in case the radio has failed.
In the current times, where radio is public to other teams they could also be used as a way of passing coded messages, but we do watch them and that doesn't seem to be the case.
Hey Randy! Big fan of your work last season! My question is: Other than focusing on optimising strategy through the various instruments you have for every next race, what portion of your work is dedicated to improving the tools you have to work out strategies, or developing new technologies and methods? Is this something done consistently or over the winter? And lastly, how much does McLaren Applied work with you in using the newer tools in their work? Thanks :) Thank you.
With how busy the season is, often it is difficult to spend too much time doing development in the season, so big projects are typically tackled over the Winter period between seasons (although this is also getting compressed).
However, we are constantly, both in race weekends and between, developing our analysis techniques, smaller pieces of software, our understanding of competitors' behaviours, etc. so there is a constant ongoing development battle.
We do work with McLaren Applied fairly frequently across the business - we're not currently doing that on strategy projects.
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Hi, thanks for doing this AMA! I've spent a lot of time reading your answers!I don't know if you'll answer this too but I'll try asking something anyway 1. What are the possible roles that a computer science graduate could cover? Hi! If you wanted to be very computer science focused, I guess software engineering, IT and some of the compute type roles would be interesting. If you're willing to pick up engineering knowledge then things like Vehicle Science modelling and CFD can open up too.
2. What are the main languages/frameworks used in the F1 enviroment?
3. Are you worried about Daniel coming next year? I mean, probably it will be hard not to laugh for the entire week-end when he's with Lando! Thanks in advance, totally not a computer science student.
Hi Randeep, first of all, thanks for your deep insights into the world of Formula 1 and McLaren. My question to you is, how do McLaren (or any other F1 team for that matter) ensure a stable electrical power supply in the case of a loss of normal power supply (Diesel Generators/UPS/battery banks) at both the factory and less likely to occur but still possible, at the track? Bonus question; how do teams (McLaren) prepare for different types of electrical outlets, voltages and currents all around the world? To start - I’ll say I’m not an electrician - take the below with a pinch of salt.
Most teams will have generators at the track (actually various kinds - to run stuff on the grid, in the trucks at European events and external ones at fly away races) and some kind of UPS system as well. Power supplies at circuits can be ‘temperamental’ and often there are power outages for specific reasons too.
In terms of for electrical outlets - we as end users just bring our UK stuff and plug it in! There’s an electrician and IT team who ensure that everything is set up and good to go and sneak with different voltage, phase, etc. supplies.
How did it feel to be part of mclaren last year? Like it has been in an incredible year with outstanding results. I have to say, I have enjoyed every year at McLaren and I started in 2015 when the results weren't outstanding - I am working with really awesome people and even through the bad times it is great to see the team spirit that pervades through everyone.
Last year was incredible and it's good to get an upswing in performance and to see teammates celebrating the thick after making it through the thin!
Who won the bet where Lando had to have ur face as his lock screen till Abu Dhabi last year? Lando won the bet, but he also clearly has no shame. 😃
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Things I can do for free and things you have to pay for.

I'm starting to get swamped with messages that are essential service requests. I've been trying to keep up with these as best I can (which isn't too well), but it can't be sustained.

Already I have a bit over 30 pending messages to reply to for assorted questions, and I know fine well what happens to the demand upon my time in the coming 10 weeks if I am right. I know what March was like. The market will move too fast for me to give practical and timely information to individuals messaging me. By June, I probably won't even be looking.
I'm providing a lot of stuff publicly for free and will do through the bear market. I'm posting plans for price moves and trades I am taking in different types of markets. I'm covering a pretty broad spectrum of stuff. This is designed to be useful to the most broad section of potential readers. I think I'm being very fair providing this. I don't have to. Some may say it's against my better interests to do so.
When it comes to answering individual messages I am going to continue to do so at the rate it is viable to do so. This will not be able to be timely for people asking me about short term positions and I won't be able to provide running updates daily through messages. These things have become unfeasible already. Much more so if we go under 2500 SPX.
So I'll reply to these if I can, when I can and with the best quality I can . No promises can be made on any of those, other than to say my spare time will drop at a rate 5* SPX.

If people want additional access to me or plans I can generate, I'm going to have to charge service fees. It's the only way to make it viable. There is infinite demand for free services and I do not have infinite time. Personalised services would be very expensive for most people and only really make sense to people of higher net worth and assets exposure - group things are more practical.

Here are some things I can set up to that effect:
(All group services would be one time fees. Not continuity billing. I'll be sharing my plans through the extended bear market. Prices may have to increase later based on supply/demand dynamics).

Email trade signals:

Options: $10
or
Futures/CFDs: $15

$25 together.

These will be email alerts with trades I am taking in different market. This will be plain signals. No analysis or updates. Just entry levels, stop levels and target levels. Options are a bit less because the y do not require stop loss trailing updates.

----

Commentary, signals and trades live feed:

Options: $50
or
Futures/CFDs: $50

$100 together.

This will be some sort of one way chat feature. Like a Telegram channel for example. Most of the stuff posted here will also be posted publicly. The paid avenue will probably be more convenient to follow and obviously if time becomes an issue it'd get much more timely content.

---

Live trading room:

Options: $1,000
or
Futures/CFDs: $1,000

$2,000 together.

A multiple way chat where I'll spend at least a few hours a day discussing trades I am in, looking to be in or have recent won/lost and doing a review on. Here I'll also be able to do some QA with members. This is the least scalable of the services and the price on this will go up if my plans are effective.
Some people may think $1,000 is a lot already, but I'll be following a plan over 3 yrs if this works. Works out at about $27 a month. I promise you, that won't get cheaper.

I'd like to underline the point here that most of the content that I produce and give to these service groups I will probably also be posting for free right here on my Reddit page. Just as things go on I'll be less able to reply to messages/comments. So you can get access to the same level of public info I've posted for free through the bear market.
People only have to pay for me for things they're asking me to do that'd take up more of my time than I've chose to allocate to sharing things publicly. Fair's fair.

I'll take payments for all services via PalPal. All are one time payments. Covering the length of the bear market (which I think ends 2023). Obviously nothing it set in stone and if the market bulls into a new ATH I'll provide a copy of my alternate trade plan for a bull market in 2020 (which I think is unlikely, but I have a plan for that too).

I do not want to turn this into a 'busyness' so the amount of time I have this open for accepting people could be limited. I'll definitely take trading a quick market over processing PayPal payments.
Send message if you want get started.
submitted by 2020sbear to u/2020sbear [link] [comments]

How to Trade cryptocurrency?

How to Trade cryptocurrency?
https://preview.redd.it/0itz6rhbxs951.jpg?width=2400&format=pjpg&auto=webp&s=ee51217e32d7e10f5510e86de00653161108f35a
Curious to know about cryptocurrency trading? Have you ever wondered how to do cryptocurrency trading? If yes, then you have landed on the right page. This article illustrates the concept of cryptocurrency trading.
Cryptocurrencies can be sold and bought through exchanges. Bitcoin is one of the most popular cryptocurrencies. There is no doubt that the demand for bitcoin certification is expanding day by day. The value of cryptocurrency is rising every day. The market sector of cryptocurrency is decentralized. Hence, there is no central authority like the government. The transactions of cryptocurrency are not managed by any financial institutions or banks. Cryptos operates across a network of systems.
What is Cryptocurrency?
A cryptocurrency is an encrypted form of decentralized digital money that can be transferred between individuals. It doesn’t exist as a physical object. This currency exists only in digital form. The nature of cryptocurrencies is volatile. They are totally unstable currencies. Each and every cryptocurrency is identified and coded based on complicated digital algorithms. It is basically a digital coin designed to do virtual transactions. Blockchain is the technology behind cryptocurrency. Blockchain technology is a digitally recorded register of data.
Top blockchain certifications in cryptocurrency will provide you deep insight into the cryptocurrency sector.
What is Cryptocurrency Trading?
Crypto training permits traders to buy cryptocurrency. The trading of crypto is the action of guessing on cryptocurrency cost movements through selling/buying coins or CFD trading accounts. CFD trading doesn’t take ownership of the coins. You need to put a small amount of deposit to gain exposure to the crypto market. You can sell or buy cryptocurrency through an exchange. A Certified Cryptocurrency Trader is a certified individual who understands the detailed working process of cryptocurrency trading.
Basic Tips For Cryptocurrency Trading
The market of cryptocurrency transforms very fast. Several new cryptocurrencies are born and others disappear. There are several different kinds of factors that push the cost of cryptocurrencies down or up. You should definitely consider the following points before you start trading Ethereum, Bitcoin or any other cryptocurrency.
Let’s discuss some of the basic tips for trading cryptocurrency
· The first and basic rule for cryptocurrency trading is to sell high and buy low
· The first thing you should keep in mind while doing crypto trading is that the cost is exceptionally volatile
· The two important factors to be examined before crypto tradings are fundamental analysis and technical analysis
· The fundamental analysis considers the vulnerability of the crypto market sector
· The technical analysis consist of research for financial assets
· It is very crucial to follow news on digital currency. This will further help to select the best cryptocurrency
· Select your trading platform based on leverage available, currencies available, minimum investment and trading features
How To Get Started Trading Cryptocurrency?
Cryptocurrencies are traded 24/7. The trading process of cryptocurrency is the same as that of fiat money except for the fact that there are Ethereum or Bitcoin instead of US dollars. Cryptocurrencies permit traders to modify their portfolio of investment. The price of cryptocurrency is analyzed by market supply, demand and sentiment.
Let’s discuss steps of how to get started crypto trading
  1. The first step is to select and research the selected platform for trading. You will require more time to learn the working process of the selected platform. Usually, the brokers provide their own trading platform
  2. The next step is to think about is this the right time to do trading? The sector of crypto moves high and low. You will have to do deep research before getting started for crypto trading. The first rule for cryptocurrency trading is to buy low and sell high
  3. The third step is to learn a trade. The best method to grasp how to trade is to actually do trade. Once you have explored all the concepts behind crypto trading then you will get in there. Just remember to set your limits first before purchasing some cryptocurrency
Final words
We hope that we provide you the answers you were looking for. The market of cryptocurrency is constantly increasing and provides several opportunities for traders. You should be very careful while doing cryptocurrency trading. Crypto trading is not a game. The real money is involved in crypto trading.
If you want to explore more about masters in cryptocurrencies traders, then you can check out the website of Blockchain Council.
submitted by Blockchain_org to BlockchainStartups [link] [comments]

Trading Report for Week Starting 27th April, 2020.

This is a recurring weekly post to track all analysis, trades and outcomes in one place. This will be posted for the start of each week. The weekly round summary will be completed during the weekend, and the daily sections will be updated each time an entry or exit is made in real time, so this tread can be bookmarked and checked daily if you want to follow.
All entries will be posted when taken. Both profits and losses will be reported, as will both accurate and inaccurate analysis/forecasts. Analysis and trades will be assessed on a scale of 1 to 10. This will be a self assessment intended to show the effectiveness, or lack of, of the analysis and personal record keeping. If you think the grades are wrong, you can comment your option of the grades.

You can see tracking of monthly forecasts and trades here. https://bearmarketsprofits.com/analysis
Long term, mid term and immediate term analysis/forecasts can be found at the bottom of this post.

**Bookmark this post if you want to follow updates. Check the "Analysis and trade links sections" for daily real time updates.*\*

End of week summary.

Asset Options Closed PL (K) Options Floating PL (K) Futures Closed PL (K) Futures Floating PL (K) Net Closed PL (K) Net Floating PL (K)
Indices
Crude Oil
Total

Net Results Since Stating;
Closed: +260
Floating: +85


Daily Breakdown.


DAY Options Closed PL (K) Options Floating PL (K) Futures Closed PL (K) Futures Floating PL (K)
Monday 0 -80 0 +70
Tuesday
Wednesday
Thursday
Friday
***************************************************************************************

Analysis and Trades Links
This section will be updated as new entries and exits are taken each day.
(Check here for live updates)

***************************************************************************************

Monday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Dow Sell 24,420 24,580 23,800 15 +80
Dow Buy 23,700 23,600 24,520 16 +91
Dow Sell 24,747 25,600 10,000 8 Pending
SPX 2900 2957 1600 11 Active.
Links to analysis, entries and exits posted for these trades
Dow Jones 24,400 entry. https://www.reddit.com/use2020sbeacomments/g33bl3/everyone_understand_it_update/
Dow buy entry https://www.reddit.com/use2020sbeacomments/g8opqo/buying_dow_to_hedge_sold_calls/
Dow & SPX pending orders. https://www.reddit.com/use2020sbeacomments/g946vk/27th_april_2020_pending_orders_for_bull_trap_high/
Dow hedge exit. https://www.reddit.com/use2020sbeacomments/g9lqus/exiting_hedges_and_going_short_again/

***************************************************************************************

Tuesday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result
SPX Sell 2917 2900 - 2300 20 May 50 Active
SPX 2918 2910 20 May 52 Active
SPX 2916 290 20 May 50 Active
SPX Sell
Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
SPX sell 2919 2961 1600 7 Active
Dow sell 24,500 25,300 10,000 11 Active
SPX Sell 2920 2929 1670 6 +9
Dow 24,500 24,547 11,000 5 +47
Links to analysis, entries and exits posted for these trades

Futures shorts https://www.reddit.com/use2020sbeacomments/g9mdqi/selling_futures/
SPX puts https://www.reddit.com/use2020sbeacomments/g9lwxf/margin_rereinforcements_arrived_buying_more_puts/
Second SPX put https://www.reddit.com/use2020sbeacomments/g9n2bp/taking_big_may_closer_to_atm_put_on_spy_now/foucsaq/
Dow/SPX shorts (with tight stops) https://www.reddit.com/use2020sbeacomments/g9msnm/selling_more_futures/

3/4 exit on futures and exit on dailies. https://www.reddit.com/use2020sbeacomments/g9ogvo/taking_profits_on_my_dailies_and_34_profits_on/


***************************************************************************************

Wednesday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************

Thursday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************

Friday -
Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************


Analysis and Trades Assessment (1-10. 10 is best)

Monday -
Analysis:
Trades:
Comments:

Tuesday -
Analysis:
Trades:
Comments:


Wednesday -
Analysis:
Trades:
Comments:

Thursday -
Analysis:
Trades:
Comments:

Friday -
Analysis:
Trades:
Comments:

Roundup of the Week (Comments)



Analysis Overview



Long term analysis;
This is an overview of long term analysis. This will not be updated regularly, so if you've read this once skip to the monthly overview, after the line break. Jump to the bottom section for weekly (new) updates.
---
Find a three year forecast of the Dow Jones bear market of the 2020's here.
---
-----------------------------------------------------------------------------------------------------------------------------------------------------
The US indices have been forming a bubble over the last 50 years. In 2000 and 2008 we seen the early 'Bear trap' sections of the bubble and then in the following decade we seen enthusiasm become greed and greed become delusion. The 30% gain in the S&P500 through the year 2019 was the final stages of this bubble.
Here is a post describing us being in the 'Delusion' stage of the bubble in January of 2020.

The pop of this bubble and the following bear market will not be a nice fast one like the crashes of 2000 and 2008, it will be a more drawn out affair where prices drop far lower. The crash of the 2020's will be more like the crash of the 1930's depression. See the analysis leading to this conclusion here.

In the months of January and February major US indices traded into the zone where a bubble template would be looking for the top to be made. Read about how this method has worked in previous crashes here. First forecasts in late January were mostly stopped out. There were losing signals on the Dow around 29,300 and some in February at 28,900. Individual stocks shorts done poorly, One exception was the Vanguard dividends index VYM. This did make it's high on the exact price first posted.
Individual stocks picks done particularly poorly in January. TSLA almost doubled from the first shorting price of 510. Some did a bit better. Like shorting T at 39.

Later in February more sell signals were generated as price traded briefly over important resistance levels. If price broke back under these it would suggest market weakness. These were 170 on VTI and 29,000 on the Dow. Once these levels were broken the bear market began. In the following days a signal for a 30% drop on the Dow Jones came (and was successful).

Individual stock picks did much better in February. High prices were signalled in MSFT, BRK, SPCE, GOOG. A high on AMZN was called, but price later traded higher. The best signal generated was a buy on the TVIX from 34 to 800.
In the month of March , 2020, the bubble popped. Most risk based assets and indices crashed over 30%. First analysis post said to wait for a bounce to sell into, but this was updated before the market opened to say prices could fall 8% and then 30% in March. At this point the TradingView account was suspended. Only one account is allowed, and this was set up specifically for a 2020's bear market. So no further posts or updates were made there.
On the 3rd of March came the first signal to look for the down move entering somewhere in the 16,000 - 18,000 area on the Dow Jones. Followed by a post on the 16th of March saying we're entering into the bull trap. The low on the Dow would be made around 18,250 on the 23rd of March. From here a rally began which has made a current high of 24,500.
April of 2020 has been the bull trap month. Some losing signals have been generated in the later couple weeks of April. A few calls on the top of the bull trap have been made. Prices have not went substantially higher, they've just not dropped. A forecast on the 17th of April marks the current high, but it looks like price can trade a bit higher. A post on the 19th of April calls for a crash in the S&P500 to 1,600 within the next 5 - 10 weeks.
Today is the 25th of April. Over the last two weeks forecasts of a big drop starting have been inaccurate. I very strongly suspect this is akin to the sell signals generated in late January and early February. It's the right idea, but it's just the wrong time. A top in the Dow Jones somewhere in the 24,000 - 25,000 area could be the end of the bull trap and a huge fall would be due in the months ahead.
If this fall happens in the month of May or June, a low can be made in around 8,000 - 9,000 on the Dow Jones. From here price can bounce back to around 18,000 (over the space of about 6 months). The next bear market could then start sometime around the year 2021, and be a two year bear market taking the Dow Jones all the way down to under 5,000.
-----------------------------------------------------------------------------------------------------------------------------------------------------

Monthly Analysis

This is an analysis of forecasts for the month ahead. These will be updated monthly. If you've read this month's you can skip to the next line break.
-----------------------------------------------------------------------------------------------------------------------------------------------------

Month of May:

It's the last week of April and the month of May will soon start. Expecting the month of May to be a strong sellers month. During this month the sellers may be able to break the lows of March and this would be a signal that a big market crash could soon follow. The big sell might not happen in May, it could be in June, but May is probably the best month to position for a market crash.

-----------------------------------------------------------------------------------------------------------------------------------------------------
Weekly Analysis
This is an analysis of the week ahead. Please be aware immediate term forecasts are often the harder ones to make, and this means there are going to be more times weekly forecasts are inaccurate (Even if the overall forecast turns out to be accurate). Especially when picking out reversal levels, to get this correct to the day is often hard and can take a few attempts.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Week starting 27th of April:

It looks like last week I was suckered into the little bear traps near the end of the bull trap. This has probably been FOMO. Wanting to err on the side that would make sure I was in the trade if it happened. This has been an emotion based mistake that actually directly conflicts with the first forecast of a high on the Dow around 25,000.
I've taken early sell signals 24,000 and 24,500 and been quite convinced the 24,500 spike was the high. Heading into the week, I think I've been mistaken and the high is indeed going to come in very close to 25,000 (About 24,900 and I'll probably start to sell around 24,800). I think this move will be a stop run against all us sellers who've made the same mistake (Not all will notice it).
In the week ahead I'm planning to hedge by sell orders for a big spike up close to 25,000. I'll be expecting this spike to be a fast move and probably come off of some sort of positive news headline.

I'll edit this post to add in some more detailed analysis of my trade plans for the week ahead. This will be done by the open of Monday market, so check back to read that.

Update: Hour before the week's open. Here is the expected move and pending entry into the Dow Jones. https://bearmarketsprofits.com/2020/04/26/26th-april-2020-watch-for-the-pick-pocket-high/

Update: My perspective on different put options expires in light of recent mis-forecasts of the end of the bull trap. https://www.reddit.com/use2020sbeacomments/g8k74v/to_nervy_puts/
-----------------------------------------------------------------------------------------------------------------------------------------------------


If you benefit from this analysis, please remember to be considerate to those who (through no choice of their own) ended up on the losing side of the circumstances that allowed your trades to profit.
Please share this analysis with anyone you think it could help.
submitted by 2020sbear to u/2020sbear [link] [comments]

£1400 LOSS in 1 DAY Investing With Trading 212! (What Went Wrong)

Hey Everyone.
You might have seen my video on where I made £1500 Profit in 7 Days but there's a lot of new/beginner investors on Trading 212. 300,000 users have opened ISAs in the last few months I believe!
So for the new/beginner investors, and really, all the investors on Trading 212, I wanted to give you transparency of when it all goes wrong! I break down my analysis, what went wrong and what I learned. Hopefully, this gives you some value! (FYI, this is not CFD trading)
Video is here: https://youtu.be/713cBig6lUs Do like and sub to the channel if you're interested in investing related content.

Thanks everyone!
submitted by m-getinvesting to trading212 [link] [comments]

Haven't you started your first transaction yet? Bityard will explain everything you need to know.

Haven't you started your first transaction yet? Bityard will explain everything you need to know.
In 2020, Bitcoin ushered in the third halving. Many people predicted that the Bitcoin price would be raising again, and yes, it reached the mark of $10,000 on June 2nd, and the price once stood at 10,444 US dollars, becoming a hot spot in the currency circle. Search news, and soon fell 870 US dollars within 15 minutes to 9,720 US dollars, fluctuations attracted many people's attention.
But if you happen to be attracted by trading but you still do now know how to start, just read this article carefully, follow us to understand step by step on how to get yourself into this world.

https://preview.redd.it/e0qdnwypiu951.jpg?width=1529&format=pjpg&auto=webp&s=7eb61b9cfe3943d8db06a882a74b8366ebef3ef9
For new investors:
📷Trading time.
Unlike stock market, cryptocurrency transactions can be traded 24 hours a day.There is no limit to the buying and selling time, You can even purchase a second before, and sell a second later. Freedom transactions, all up to you.
Bityard is a 24 hour trading platform, always online, in order to allow users to freely do their transactions, the platform has also 24-Hour customer service, we will be there if you need anything, be safe taking your first steps. But we also would like to reminds you that although the trading time is very free, you must also pay attention to the right time to trade, in order to get a good return.

https://preview.redd.it/cbvbbdnsiu951.png?width=524&format=png&auto=webp&s=9fd6efdda32c25f7ccc81167d05ac395156a49f6
You don’t need to much money to buy Bitcoins
Bitcoin's current market is around 9,000 US dollars. As you can see the cost of one single bitcoin is not low. However, the smallest unit of Bitcoin is as small as one-hundredth of a billion, and you can freely choose how many units to buy, such as 0.01 or 0.001, and the amount is determined by itself.
Bityard reminds you that whether the sale can be achieved depends on the willingness of both traders. The amount of the bid is too low, and you may not find a seller willing to sell. Assuming a successful purchase, you can start accumulating your own bitcoin.
Bityard is the world's leading digital currency contract trading platform.Our platform can support the recharge of fiat currencies in China, Vietnam, and Indonesian, and can directly trade pairs with digital currencies. In the future, we will continue to expand the recharge of fiat currencies in other countries.
What is the right time to buy?
Everyone wants to buy cheap and sell higher, this is the way to profit, but no one can guarantee where and when the price will be cheap. Therefore, in addition to buying bitcoin directly, so called spot transactions, you can also choose contract transactions.
Bityard is the world's leading digital currency contract trading platform. During the trading process, if you think that the price of Bitcoin will fall, then you can sell CFDs through the Bityard trading platform to open a position. In this way, even if Bitcoin drops you still can profit. It doesn’t matter if you don’t know what contract trading is.
Bityard Exchange provides a simulated trading service. Before starting a formal transaction, you can continue to practice using the demo trading, and then put into actual trading after you get started.

https://preview.redd.it/es034u4viu951.png?width=1906&format=png&auto=webp&s=2e9e569705cb1fe252787c49b2a0986b7f348315
How to ensure asset security?
For small capital investors, the trading platform is dazzling. How to choose a safe and trustworthy exchange, there are several indicators that you can follow to pick up the best one for you.
  1. Go for Exchanges with financial licenses:
For example, Bityard is a Singapore Blockchain Foundation whose main business entity is the United States Financial Supervisory Authority (MSB), Singapore Enterprise Authority (ACRA), Estonian Financial Supervisory Authority (MTR), and Australian transactions. The financial legal license submitted by the Report and Analysis Center (AUSTRAC).
Bityard's platform is a complete, global compliance system to protect our users. In other words, Bityard’s risk prevention system has established a strong position with the consent and approval of the relevant regulatory authorities.
New investors can go to the official website of the regulatory agency and enter the name of the trading platform to find relevant information about the dealer's registration with the regulatory agency.
Or you can check our Bityard youtube video on "how to check exchanges financial licenses" at: https://www.youtube.com/watch?v=HR8WYy0R8lc

https://preview.redd.it/d6u4n2gxiu951.png?width=1267&format=png&auto=webp&s=0274dfb520b970accf86a1b88683b25dd0c8d073
2 . Multiple settings to ensure user safety.
For your safety, Bityard has account double authentication, permanent anonymity, multiple offline signatures, deep cold storage assets and other settings to ensure the security of user account and we also takes full advance payment. For new users who are not yet familiar with risk management, under strict control of risks, investors' relative trust in the platform is relatively established.
Finally, Bityard reminds new users the importance of private keys, private keys, as the name implies, is the key to open their own assets. Once lost, the bitcoin stored in the wallet will not be recovered, so be careful and take good care of yours.
How can Bityard help new investors?
Bityard is about to launch a new function. There are alot of experienced investors using our platform who no longer need to spend long hours of hard work watching investment. So we tought about doing a function that you basically copy their transactions, no need to pay for a bunch of tuition fees, lose money then lose all confidence in the investment.
This copy function function is a simple system, you can query the investor's performance, what others buy, just follow the purchase, follow the star to buy his investment strategy, and enjoy the same profit as him, Bityard will do everything to help you on your first steps.
Bityard: Complex Contract, Simple Trade
Bityard is the world's leading digital currency contract trading platform, headquartered in Singapore, providing safe, simple, and fast digital asset trading services to customers in more than 150 countries. Bityard adheres to the product concept of "complex contract, simple trade", and develops to bring customers extremely simple digital currency trading experience.
Want to start? Open an account immediately in 30 seconds, and get your registration gift at: (www.bityard.com)
submitted by bityardadmin to u/bityardadmin [link] [comments]

Making the jump: how to leave day job and concentrate on trading instead

Hi everyone...
I've been thinking about this topic for a while now but never really addressed it with some serious thought.
Currently I'm employed full time by a consulting firm and it's a nice job indeed (well payed, nice benefits, great colleagues, soon-to-become junior partner). Nevertheless I still feel it doesn't tick all the boxes for me:
That said, I'm starting to think a regular job will never fit with these requirements and I'm looking at alternatives: this is where trading comes in. I've been interested in trading for a few years now and my current situation on the topic is the following:
On one end I feel if only I could have enough time to focus and concentrate on this I think I might be successful, on the other end not I'm well aware I could easily lose all my money and the uncertainty of the income scares me.
As of now, I'm defining something that resambles a plan to jump ship and it looks like the following:
  1. Define starting capital i need before quitting my job (probably around 20k€ for the markets + 5k€ as rainy days fund)
  2. Define how much I need to make each month to survive and keep on trading (somewhere between 1.5k€/2k€ at least)
  3. Define "point of no return" (how much of said capital I'm ok to burn before reverting back to searching for a regular job)
  4. Feasibility check
  5. Define exit plan from current job
So, in order to converge to a conclusion, I need advice from people that may have found themeselves in my same spot. How did you make the jump? How did you cope with fear and uncertainty? How did you prepare to switch? Is there something major I'm missing?
Thanks for all your feedbacks!
submitted by iig560745 to Trading [link] [comments]

I brought over my back testing strategy and failed

I brought over my back testing strategy and failed
Hey ASX_Bets,
I'm a loser at trading CFD's, I decided to shift my game to purchasing companies instead. During my back testing my analysis had always prove that IPO's tend to have a massive rally and when the time is right it get's dumped. I decided to join the train ride on LGP but I was the idiot who purchased at the top and this has never recovered back. Perhaps I was too high when buying this stock. This is my month's pay check. Still holding till the day my ball sacks sags to my knees while my back hunches down to my grave.
I will submit another post about OOO on MONDAY. FUCKING CONTANGO screwing me balls deep!

https://preview.redd.it/new4lkhxmjt41.png?width=2034&format=png&auto=webp&s=c87fb2f04b5d567dc27914fa30b9b87573e345e7
submitted by bitzeroone to ASX_Bets [link] [comments]

Trading View (Request)

App Name: TradingView - stock charts, Forex & Bitcoin ticker
Description: Stock charts with real-time market quotes & trading ideas. Traders & Investors.
Simple for beginners and effective for technical analysis experts, TradingView has all of the instruments for publication and the viewing of trading ideas. Real-time quotes and charts are available for wherever you are at whatever time.
At TradingView, all data is obtained by professional providers who have direct and extensive access to stock quotes, futures, popular indices, Forex, Bitcoin and CFDs.
You can effectively track stock market and major global indices such as the NASDAQ Composite, S&P 500 (SPX), NYSE, Dow Jones (DJI), DAX, FTSE 100, NIKKEI 225, etc. You can also learn more about exchange rates, oil prices, mutual funds, bonds, ETFs and other commodities.
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Choose from a large selection of price analysis tools, including, but not limited to, indicators, strategies, drawing objects (i.e. Gann, Elliot Wave, moving averages) and more.
Individual watchlists and alerts You can track major global indices, stocks, currency pairs, bonds, futures, mutual funds, commodities and cryptocurrencies all in real-time.
Alerts will help you not to miss the smallest of changes in the market and will allow you to react in time to invest or sell profitably, increasing your overall profit.
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Playstore Link: https://play.google.com/store/apps/details?id=com.tradingview.tradingviewapp
Mod Features: Additional indicators available in pro version of this app
submitted by shinigamidoge to moddedandroidapps [link] [comments]

How does one trade NASDAQ?

NASDAQ proper is a stock exchange, essentially, this is “where” companies list their stock. There are other exchanges of course. Any US brokerage allows you to trade any stock listed on any US exchange.
NASDAQ also can mean one of a few indexes that refer to a basket of stocks. The index itself is not tradable (it’s just a calculation), however there are a few securities that follow those indexes and are tradable. There are both futures, and ETFs that track them, and depending on your platform they might have different symbols so you’ll have to look those up
Nasdaq trading involves using fundamental or technical analysis to work out price levels at which to enter a trade. Traders can take a back which way the worth will go then place stop losses and take-profits to manage risk.
You can trade the https://rhodiuminvestments.co.za/ index using contracts for difference also referred to as CFDs. The price level typically provides traders with long trading hours, tight spreads and a high degree of liquidity thanks to the NASDAQ popularity. trading CFDs with the NASDAQ will allow you to travel short or long without having to affect formal exchanges.
As the NASDAQ is that the worlds most traded index there's no shortage of monetary analysis of the businesses listed within the NASDAQ index. It allows traders to possess an excellent amount of liquidity. High volume of transactions on the NASDAQ results in tight spreads. This lowers the prices of shopping for and selling when trading.
submitted by Rohitpure to u/Rohitpure [link] [comments]

Trading Report for Week Starting 20th April, 2020.

This is a recurring weekly post to track all analysis, trades and outcomes in one place. This will be posted for the start of each week. The weekly round summary will be completed during the weekend, and the daily sections will be updated each time an entry or exit is made in real time, so this tread can be bookmarked and checked daily if you want to follow.
All entries will be posted when taken. Both profits and losses will be reported, as will both accurate and inaccurate analysis/forecasts. Analysis and trades will be assessed on a scale of 1 to 10. This will be a self assessment intended to show the effectiveness, or lack of, of the analysis and personal record keeping. If you think the grades are wrong, you can comment your option of the grades.

You can see tracking of monthly forecasts and trades here. https://bearmarketsprofits.com/analysis
Long term, mid term and immediate term analysis/forecasts can be found at the bottom of this post.

This week this will be only partially filled in and be approximate estimates from memory (I was not organised last week and it'd take ages to go through all the posts/comments and trades). From the week ahead onward this will be complete and accurate.

End of week summary.

Asset Options Closed PL (K) Options Floating PL (K) Futures Closed PL (K) Futures Floating PL (K) Net Closed PL (K) Net Floating PL (K)
Indices +160 -22 +100 +107 +260 +85
Crude Oil -4 -1 NA NA -4 -1
Total +256 +84

Net Results Since Stating;
Closed: +260
Floating: +85


Daily Breakdown.


DAY Options Closed PL (K) Options Floating PL (K) Futures Closed PL (K) Futures Floating PL (K)
Monday
Tuesday +80
Wednesday -55
Thursday +200 +30
Friday -65 -22 +70
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Analysis and Trades Links
This section will be updated as new entries and exits are taken each day.

(This section will be blank this week. Skip this)

***************************************************************************************

Monday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************

Tuesday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************

Wednesday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************

Thursday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************

Friday -
Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************


Analysis and Trades Assessment (1-10. 10 is best)

Monday - Can't remember. Don't think it was a significant day.
Analysis:
Trades:
Comments:

Tuesday -
Analysis: 7
Trades: 8
Comments:
Down trending day. Price made three significant high points through the day and sold each one of them. Good exit close to low of day. Prevented from being a 10 by first entries a bit too early and missing low of day exit.


Wednesday -
Analysis: 1
Trades: 2
Comments:
Sold into up trending day. A few different sell levels were taken and all failed. Prevented from being zero by identifying reasonably good stop loss levels for analysis and taking actions to reduce losses in trading.

Thursday -
Analysis: 9
Trades: 7
Comments:
Analysis almost perfect. There were three major drops through the day and each one was called accurately and timely. Prevented from being a 10 by being slightly out on the high price of the day. Really good trades taken at the high prices and an exit near the low price of the day. Prevented from being a 10 by being able to exit at same price earlier (less time decay) and taking (small) losing trades later in the day.

Friday -
Analysis: 2
Trades: 0
Comments:
Sold into up trending day. Analysis prevented from being a zero by the fact that prices did make small drops from each of the sell levels identified but did not make the bigger move forecast. Trading a zero. All options expired worthless and there was a couple opportunities to have taken profits on them.

Roundup of the Week (Comments)

Profitable but muddled. Some forecasts were totally inaccurate and forecasts had to be changed various times (some profitably and others not). The end of a bull trap is a confusing time, so making generating some false signals at this point does not raise any concerns about the overall plan needing to be changed.
Could have traded better. Trades in the futures markets (some of which were long trades to hedge shorts) were okay. It would have been possible to risk less to gain more with better options trades. Both on the winning and losing ones. Better trades could have been made using the same information. Can do better.

Analysis Overview



Long term analysis;
This is an overview of long term analysis. This will not be updated regularly, so if you've read this once skip to the monthly overview, after the line break. Jump to the bottom section for weekly (new) updates.
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Find a three year forecast of the Dow Jones bear market of the 2020's here.
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The US indices have been forming a bubble over the last 50 years. In 2000 and 2008 we seen the early 'Bear trap' sections of the bubble and then in the following decade we seen enthusiasm become greed and greed become delusion. The 30% gain in the S&P500 through the year 2019 was the final stages of this bubble.
Here is a post describing us being in the 'Delusion' stage of the bubble in January of 2020.

The pop of this bubble and the following bear market will not be a nice fast one like the crashes of 2000 and 2008, it will be a more drawn out affair where prices drop far lower. The crash of the 2020's will be more like the crash of the 1930's depression. See the analysis leading to this conclusion here.

In the months of January and February major US indices traded into the zone where a bubble template would be looking for the top to be made. Read about how this method has worked in previous crashes here. First forecasts in late January were mostly stopped out. There were losing signals on the Dow around 29,300 and some in February at 28,900. Individual stocks shorts done poorly, One exception was the Vanguard dividends index VYM. This did make it's high on the exact price first posted.
Individual stocks picks done particularly poorly in January. TSLA almost doubled from the first shorting price of 510. Some did a bit better. Like shorting T at 39.

Later in February more sell signals were generated as price traded briefly over important resistance levels. If price broke back under these it would suggest market weakness. These were 170 on VTI and 29,000 on the Dow. Once these levels were broken the bear market began. In the following days a signal for a 30% drop on the Dow Jones came (and was successful).

Individual stock picks did much better in February. High prices were signalled in MSFT, BRK, SPCE, GOOG. A high on AMZN was called, but price later traded higher. The best signal generated was a buy on the TVIX from 34 to 800.
In the month of March , 2020, the bubble popped. Most risk based assets and indices crashed over 30%. First analysis post said to wait for a bounce to sell into, but this was updated before the market opened to say prices could fall 8% and then 30% in March. At this point the TradingView account was suspended. Only one account is allowed, and this was set up specifically for a 2020's bear market. So no further posts or updates were made there.
On the 3rd of March came the first signal to look for the down move entering somewhere in the 16,000 - 18,000 area on the Dow Jones. Followed by a post on the 16th of March saying we're entering into the bull trap. The low on the Dow would be made around 18,250 on the 23rd of March. From here a rally began which has made a current high of 24,500.
April of 2020 has been the bull trap month. Some losing signals have been generated in the later couple weeks of April. A few calls on the top of the bull trap have been made. Prices have not went substantially higher, they've just not dropped. A forecast on the 17th of April marks the current high, but it looks like price can trade a bit higher. A post on the 19th of April calls for a crash in the S&P500 to 1,600 within the next 5 - 10 weeks.
Today is the 25th of April. Over the last two weeks forecasts of a big drop starting have been inaccurate. I very strongly suspect this is akin to the sell signals generated in late January and early February. It's the right idea, but it's just the wrong time. A top in the Dow Jones somewhere in the 24,000 - 25,000 area could be the end of the bull trap and a huge fall would be due in the months ahead.
If this fall happens in the month of May or June, a low can be made in around 8,000 - 9,000 on the Dow Jones. From here price can bounce back to around 18,000 (over the space of about 6 months). The next bear market could then start sometime around the year 2021, and be a two year bear market taking the Dow Jones all the way down to under 5,000.
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Monthly Analysis

This is an analysis of forecasts for the month ahead. These will be updated monthly. If you've read this month's you can skip to the next line break.
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Month of May:

It's the last week of April and the month of May will soon start. Expecting the month of May to be a strong sellers month. During this month the sellers may be able to break the lows of March and this would be a signal that a big market crash could soon follow. The big sell might not happen in May, it could be in June, but May is probably the best month to position for a market crash.

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Weekly Analysis
This is an analysis of the week ahead. Please be aware immediate term forecasts are often the harder ones to make, and this means there are going to be more times weekly forecasts are inaccurate (Even if the overall forecast turns out to be accurate). Especially when picking out reversal levels, to get this correct to the day is often hard and can take a few attempts.
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Week starting 27th of April:

It looks like last week I was suckered into the little bear traps near the end of the bull trap. This has probably been FOMO. Wanting to err on the side that would make sure I was in the trade if it happened. This has been an emotion based mistake that actually directly conflicts with the first forecast of a high on the Dow around 25,000.
I've taken early sell signals 24,000 and 24,500 and been quite convinced the 24,500 spike was the high. Heading into the week, I think I've been mistaken and the high is indeed going to come in very close to 25,000 (About 24,900 and I'll probably start to sell around 24,800). I think this move will be a stop run against all us sellers who've made the same mistake (Not all will notice it).
In the week ahead I'm planning to hedge by sell orders for a big spike up close to 25,000. I'll be expecting this spike to be a fast move and probably come off of some sort of positive news headline.

I'll edit this post to add in some more detailed analysis of my trade plans for the week ahead. This will be done by the open of Monday market, so check back to read that.
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If you benefit from this analysis, please remember to be considerate to those who (through no choice of their own) ended up on the losing side of the circumstances that allowed your trades to profit.
Please share this analysis with anyone you think it could help.
submitted by 2020sbear to u/2020sbear [link] [comments]

Chart Patterns & Trend Action for Forex, CFD and Stock Trading Understanding CFDs - contract for difference- - YouTube TRADING 212 FOR BEGINNERS - CFD’s EXPLAINED - Should You ... CFD GC【 GOLD Futures 】for 2020 - Technical Chart Analysis - CFD Trading Strategies for Beginners

Our guide to CFD trading will give you the basics from which you can then build a more comprehensive, detailed trading strategy. Analysis, research and developing market insights. When it comes to financial trading one of the most powerful tools at your disposal is market research and understanding how to use this as part of a wider trading Forex CFD trading is risky and uncertain if you are untrained or unskilled. Tools play a very crucial role in forex CFD trading. Technical analysis and tools help traders to know the price In this example, the CFD trader earns an estimated $48 or $48/$126.30 = 38% return on investment.The CFD broker may also require the trader to buy at a higher initial price, $25.28 for example. Discover CFD GLOBAL FX Mobile Trading App. Never miss any trades with CFD GLOBAL FX powerful mobile platforms available on iOS, Android and Windows. Access real-time charting, trade and squire off it, and enjoy intense trading tools. Trades at any time, anywhere with full mobile functionality. CFD traders are free to speculate on the future direction of a market’s price movements, without taking ownership of the underlying asset. Unlike options and futures, CFD trading does not facilitate the physical delivery of underlying assets, and most CFDs have no fixed expiration date. Risk Tolerance

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Chart Patterns & Trend Action for Forex, CFD and Stock Trading

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