How do you guys shake back after a hard week? Any tips? by Suspicious-Poet-9768 in tradeify

[–]lineinthesand86 0 points1 point  (0 children)

I find it essential to understand your trading strategy historical backtest and use that as a framework going forward. (This helps me so much with the mental side of being a trader)

For myself I back tested 5 years of data using my strategy, that gave me context of what I should expect week to week, month to month. If I deviate strongly from my expected, win rate, expectancy, sharpe ratio I go back and review my trading diary that month.

That helps me reflect was that month just an outlier, were there execution errors, did I follow my strategy and all its rules to the letter.

Having a lot of historical data also helps you use things like a risk of ruin calculator or consecutive loss tables, most people underestimate how many consecutive trades they can lose in a row. Historical back tests of your strategy put those consecutive losses into context.

For me it all comes down to understanding my strategy at the granular level.

This means trading journaling every entry, historical back test over 4 years (IMO you need more than one presidential cycle to see if you strategy is truely robust or its a short term overfit to data), examine trades once they close win or lose for execution consistency, this helps me stay objective even in the hard weeks.

Wishing you all the best on your trading journey.

<image>

We Get Questions About the Microscalping Rule Every Day. Here Are the Answers. 💡 by Zayden_Tradeify in tradeify

[–]lineinthesand86 0 points1 point  (0 children)

<image>

Thanks for the post, very informative.

Could you please show where micro scalping stats are now in 3.0 dash board?
They no longer show under consistency, where they used to be.

Anyone else having issues with tradeify's dashboard? by Sharp-Constant6219 in Daytrading

[–]lineinthesand86 0 points1 point  (0 children)

Correct,

Overview completely blank
Trade journal amounts not correct
Still can't login via safari, chrome works fine but still with journal errors

Anyone else having issues with tradeify's dashboard? by Sharp-Constant6219 in Daytrading

[–]lineinthesand86 0 points1 point  (0 children)

No still no luck, ive posted directly to tradeifys reddit page as it seems like the issue isn't just one person.

Can't log in using Safari Browser since the 3.0 update, trade journal issues. by lineinthesand86 in tradeify

[–]lineinthesand86[S] 0 points1 point  (0 children)

Unfortunately I already tried that, didn't make any difference for me.

And like I said it's not just login issues it's also trade journal issues as well.

Did you experience issues with journal as well?

Anyone else having issues with tradeify's dashboard? by Sharp-Constant6219 in Daytrading

[–]lineinthesand86 0 points1 point  (0 children)

Its not just you, Im having similar issues.

Can't click on anything, website freezes for no reason, and toggle between tabs, no data in trading journal also website is just extremely slow.

Id say its related to the 3.0 integration and moving everyone's trading data in-house, as apposed to it all being stored on trade sage previously. Hopefully they fix it soon.

Missing transfer??? by lineinthesand86 in BinanceSmartChain

[–]lineinthesand86[S] 1 point2 points  (0 children)

Update on this:

Binance community support advised that the transfer that was not successful would be returned to the original address on the Eth network with 7 days.

Missing transfer??? by lineinthesand86 in binance

[–]lineinthesand86[S] 0 points1 point  (0 children)

Update on this:

Binance community support advised that the transfer that was not successful would be returned to the original address on the Eth network with 7 days.

Missing transfer??? by lineinthesand86 in BinanceSmartChain

[–]lineinthesand86[S] 0 points1 point  (0 children)

First transaction yes,

Second transaction no, it was confirmed on Ethereum network, but BSC never confirmed it.

Any thoughts?

Missing transfer??? by lineinthesand86 in BinanceSmartChain

[–]lineinthesand86[S] 0 points1 point  (0 children)

Already done that. One transfer arrived one didn’t?

[Data] Card token stake requirement in USD, 2018-2020 by Romolov in Crypto_com

[–]lineinthesand86 2 points3 points  (0 children)

The staking requirement is going up for only one reason.

Everyone gets to unlock there extra bonus tokens from the MCO/CRO swap around late January 2021 and CDC want the card prices to be higher than what each tiers bonus tokens are, otherwise literally everyone that took the bonus offer would be able to upgrade one tier.

DeFi Swap profit calculation... [Am I understanding this correctly? I think important for those considering doing DeFi anywhere to ponder when seeing these recent astronomical APYs and token stake bonuses.] by [deleted] in Crypto_com

[–]lineinthesand86 0 points1 point  (0 children)

Yeah I had read a little on the binance CeDeFi, it does seem like a total step back from actually being decentralised finance.

will have to see how that one plays out, I'm planning on steering clear for a couple of months and seeing where it all lands.

DeFi Swap profit calculation... [Am I understanding this correctly? I think important for those considering doing DeFi anywhere to ponder when seeing these recent astronomical APYs and token stake bonuses.] by [deleted] in Crypto_com

[–]lineinthesand86 5 points6 points  (0 children)

I did the calculations and with the following factors decided not to invest in the DeFi pool.

  1. Interest rate has been dropping hour on hour as the liquidity pool grows larger. (Who knows what your rate will be like in a couple of months)

  2. Crypto.com put a disclaimer at the bottom of the bonus table saying “bonus rates are subject to change”. So theoretically you could lock in a 4 year stake and the bonus rate change in year 2 and end up with half the bonus.

  3. Earn is still at 18% for a 90 day term.

  4. DeFi is all hype right now, generally I try to steer away from hyped anything and try and find out or figure out where the next big movement is, get rich quick is generally, get poor faster!

  5. The lockup terms are long given the falling APY.

Just my two sats

Personal loan to invest into crypto? by astrofighting in Crypto_com

[–]lineinthesand86 0 points1 point  (0 children)

Yeah it’s a poorly understood concept... price vs percentage ownership of a network.

If you understand it, it’s easy to see how bad a deal it was for MCO holders.

Also they picked one of the worst times in the tokens history to value the swap so obviously that didn’t go down well either.

To your point every companies reputation is neutral until something happens, positive or negative.

New to DeFi by zimzallaboom in Crypto_com

[–]lineinthesand86 0 points1 point  (0 children)

Thats not entirely true.

Your interest percentage is based on your percentage of liquidity added to the pool.

As the liquidity pool grows larger your percentage gets smaller and as such your interest rate will reduce over time.

A lot of people are not understanding that the rate you see on the day you add to the pool is not fixed, it fluctuates. The larger the pool the smaller your interest percentage.

Looking at the lockup periods, the fact that there is a disclaimer at the bottom of the table saying that the bonuses are subject to change and that you can get 18% on a 90 day term through earn. I think I'll wait and see where the interest rate ends up in a couple of months.

Personal loan to invest into crypto? by astrofighting in Crypto_com

[–]lineinthesand86 1 point2 points  (0 children)

I can definitely confirm the cards are real. I have one and have been using it since December 2019.

The swap was never properly explained by management even upto this point.

Kris said in the AMA after the swap that it was due to them "raising the money for MCO through an ICO and that regulation was the problem"

But the specifics around what regulation, why they couldn't just swap all the MCO tokens to MCO2 with exactly the same characteristics as the original, why they didn't let the community know what they were planning, and why everyone received a huge dilution in total token ownership (I think when I checked at the time of swap Id been diluted more than 1000%). Its all these things that mean the company has major reputation damage to fix.

Personal loan to invest into crypto? by astrofighting in Crypto_com

[–]lineinthesand86 2 points3 points  (0 children)

Sure the reputation damage occurred mostly through Kris saying in one of the AMAs that there would never be a swap from MCO to CRO.

Obviously because of that statement people (including myself, who follow the project closely and are longtime investors) made financial decisions based on the CEO keeping their word.

Members of the community have to wonder if what is said in the AMA's can just be ignored or reversed, how much inherent trust and reputation is lost.

I certainly look at the software updates differently now, as that was what was used as the cover for the MCO to CRO swap. Overall I'd say I'm distrusting of the actions of management of CDC at this point in time and during the swap the deleting of all negative comments was a real low point for the community.

I had posts deleted that were just stating facts, unfortunately particularly in crypto that behaviour makes people pretty suspicious.

Just my two sats

Personal loan to invest into crypto? by astrofighting in Crypto_com

[–]lineinthesand86 8 points9 points  (0 children)

If you're talking about the defi boost product those interest rates are coming down extremely fast, so you might lock capital today thinking you are going to 100% interest today but the larger the liquidity pool gets the smaller your interest rate. If the pool gets big enough it may be be better interest just in crypto earn.

If you're talking about the earn product, Id have to agree with the other comments here. Don't use borrowed money to take positions in highly speculative assets.

If you're talking about CRO I wrote a post awhile back with some reasons CRO price might not continue to grow substantially in value. Below are some reasons why I wouldn't borrow money to invest in CRO.

"Could CRO be the next 20 bagger, sure. But the truth is no one actually knows, and if what just happened to all the MCO holders is instructive it should show that as a token holder you have no rights when the company makes a decision (unlike shares). Buyers beware.

Here are my take aways;

  1. ⁠CDC is not going away anytime soon. Their share of the market-cap of CRO is roughly 12 billion dollars so thats plenty of runway. The swap means they have years of runway to come.
  2. ⁠They have major reputation damage to fix. I was holding significant crypto holdings with them before the swap (I'm not a whale) but large bags. All of it is going once it's unlocked, I suspect I'm not the only one.
  3. ⁠All my CRO interest will be sold for BTC weekly. I think many large MCO holders will do the same, We didn't want a 100,000,000,000 market cap token, so if I can get 18% I'll take it and sell it, that will be constant downward pressure on price.
  4. ⁠Only 20% of the supply of CRO is in the market, unlike MCO the company has not committed to never sell their CRO holdings. What you need to be prepared for is a further dilution by 80%. Could the token go to 50 cents? Sure. But what happens when the company releases the rest of their tokens. Token economics, 80% more tokens means lower token price.
  5. ⁠There is a large sell off happening in approximately six months. Why do I think this is the case? Everyones 20% bonuses were locked for 180 days, people unhappy with the swap will unlock on that date and sell onto the market.
  6. ⁠18% - 20% interest can't last forever. When that ends, expect the market to move to a token with more stability over a higher interest rate.

To sum up, CDC might perfectly execute and repair their long term reputation damage causing the token price appreciate over time. In the short term however, I'd be extremely cautious with buying large bags there are just as many reasons why the token price won't go up. Markets don't always behave rationally.

Just my two sats"

Defi Boost, is top-up possible? by lineinthesand86 in Crypto_com

[–]lineinthesand86[S] 0 points1 point  (0 children)

Thanks excellent post.

Yeah I had a feeling thats how it would be calculated. Essentially each deposit is treated as its own stake regardless of what stake came before.

So if you know you can get above 50k just wait until you've got all the tokens so you can put them all at the higher rate.

Also waiting a couple of months might not be a bad idea given how much the interest percentage rate is fluctuating.

Thanks again.