Join us for another Twitter Takeover on Thursday where our India Country Lead, Ashish Suvarna will be discussing The Impact of Monero on the Crypto Industry.

The Takeover will take place at 13-Feb, 3:00PM UTC on

@BBODTrading twitter

We hope you will join us!

This is BBOD's edition of The Trader's Perspective where we interviewed @TortoiseTrading 😃

He is a full-time crypto trader and the creator of https://tortoisetrading.co

In this insightful interview he shares his techniques for being a profitable trader 🙌

Interview by Ashish S.

Read: https://no link shortners/e35KWsN

In this edition of The Trader’s Perspective we interviewed Tortoise Trading. He is a full time Crypto trader and the creator of Tortoise Trading. He has a financial advisory background and has been trading crypto profitably for more than 2 years. He shares his techniques with us on how to be profitable in this insightful interview.

It’s a pleasure to be interviewing you! We know that you have been trading crypto for the past two years but what attracted you towards crypto specifically?
Initially it was the returns that got my attention but I didn’t dive in until I fully understood the potential of Bitcoin. I shrugged it off for awhile but once I started reading a little bit I got hooked and couldn’t stop. It didn’t take me long to see how a digital, naturally deflationary asset could play a key role in the global economic landscape over time. Specifically in regard to the implications of the diminishing returns of the effects central banks’ tools are having on economic growth. I got into altcoins quickly and it didn’t take me long to realise 99.9% of them are bull**** and have no use case other than speculation – which as a technical trader I’m fine with!

Please do tell us more about your brand – tortoisetrading.co
Tortoise Trading is my platform to share my thoughts on the Crypto market and help others learn how to invest in and trade Crypto with a “move slow and focus on risk management” approach. I haven’t been as active in producing content the past few months as I’ve had a lot of life changes but I plan to start again soon.

What’s your single largest gain in one trade? And if you don’t mind sharing, the most drawdown in a trade?
Not including leverage, 3.5x is my largest gain in a trade, although I’m not sure I really consider December/January 2017 “trading”. Most drawdown in one trade was 100% if you include liquidations haha! Early on I made an order mistake on Bitmex which cost me a 25% account drawdown. That hurt but I never made that mistake again.

Given your financial advisory background, has it helped shorten the learning curve when you first started trading?
Honestly, not that much. It helped with market cycles and in quickly grasping the concepts of supply and demand and how that plays a role in price at any given level. With the actual discipline, psychology and execution of trading I had to fall over and over like everyone else.

What’s your trading strategy with RSI?
I only use RSI for spotting divergence. One of my favorite setups is a “3 drives” pattern into a high time frame level with a divergence showing.

Which metrics do you use to identify stop loss (SL) levels?
Usually the point at which market structure would break which invalidates my trade idea. I set my stop loss first then attempt to enter as close as possible. I have an article on my site that explains in more detail.

What is your preferred Risk:Reward (R:R) ratio?
1:3+ never lower

Do you have any tips for newcomers to calculate entry size with prefered SL level?
Yes, I cover this in an article that can be found here: https://tortoisetrading.co/risk-vs-reward/
(Total trading capital x %risk per trade) = $amount risked =

(Entry — stop loss) / entry = %difference = Position size in $ value
Start with a 1% account risk per trade

BBOD uses stablecoins as a collateral for futures trading. What is your opinion on stablecoins used for trading crypto derivatives?
I think it is perfectly fine. The long term BTC investor will argue to always focus on increasing your BTC stack but many can’t stomach the drawdown in USD. When trading any other asset class you trade vs fiat so you never(for the most part) need to worry about your collateral decreasing in value but in Crypto you have to balance your BTC value vs your USD value. For some, USD is more important and stable coins as a collateral solve their needs.

We love your trade journal on tortoisetrading.co! Will we be seeing more of those anytime soon?
Yes, I plan to return to posting these once I begin producing content again and overhaul the website. I always got great feedback from these and am disappointed in myself for not keeping up with it.

We are sure you have a gala time trading and traveling around the world! Do you have any tips for an aspiring nomadic trader?
I believe most people thrive when they have a daily routine. Like anything else, repetition and the proper habits lead to improvements in skill while requiring less mental/physical exertion. When traveling, I lost my routine and at times it affected my trading so I would recommend being vigilant in your trade planning and not letting any rules slide. When we think of traveling it’s all sunshine and smiles but in reality at times it can be exhausting and lonely. Block out time for exercise and things that make you happy outside of trading. Also, make time to not be in positions and enjoy the company of others.

Thank you for your time! We wish you great success trading cryptocurrencies!

Check out our website here: https://bbod.io

Sa stocks o crypto markets, ang mga trading fees minsan ay isang bahagi lamang ng isang porsyento, at karamihan ng mga tao ay wala na masyadong pakialam tungkol dito, pero kung ikaw ay isang day trader o gustong maging isang propesional na trader, ang maliit na porsyentong ito ay maaaring mangahulugan ng malaking halaga ng pera na ibinibigay mo lamang sa mga exchanges na ito sa paglipas ng panahon.

Tuwing ikaw ay nag-papatupad ng trading order buy o sell, karaniwan, kailangan mong magbayad ng fees base sa laki ng iyong posisyon.

Hindi lamang ang mga fees ang hamon na kailangang kaharapin ng mga crypto traders. Kung nag-te-trade  ka ng crypto, alam mong ang mga crypto markets ay maaaring magbago-bago ng madalas na maaari rin namang maging kapakipakinabang o delikado base sa paglalantad at laki ng iyong portfolio.

Para maiwasan ang panganib na ma-exposed sa mga spot market na may malalaking investments sa crypto assets na maaaring mag-suffer ang epekto ng market variations, ang mga trader ay maaaring mag-take advantage sa leverage, ito ang kakayahang mag-trade ng isang malaking posisyon gamit lamang ang maliit na bahagi ng trading capital (margin).

Ang Leverage ay isa sa pinaka magandang advantage ng futures contracts trading dahil nadadagdagan nito ang financial na kakayahan ng mga traders at bilang konsikwensya ay ang resulta ng trading. Ang pag-tratrade ng crypto na may leverage ay nag-bibigay daan sa mas malalaking dagdag na makukuha sa mas maliit na investments, at ito ay maaaring magbigay ng balik na mas mabilis kaysa sa inaasahan ng karamihan ng investors. Ang mga traders ay maaaring ma-expose sa mas malaking posisyon sa market, na nagbibigay ng oportunidad na palakihin ang kanilang resulta.

Para maka menos ka sa iyong pera sa mga trading fees at para mapakinabangan mo ang iyong kita sa leverage, Sasabihin ko sayo ang solusyon na nag-aalok ng leveraged Zero-Fee trading, na maaaring maging ligtas na kanlungan sa mga traders.

Ang BBOD ay may sobrang bilis na matching engine na pinapayagan ang mga gumagamit nito na magpatupad ng kahit na gaano kadaming trades na gusto nila ng mabilis at walang fees at hindi kailangang iwan ang assets ng full custody ng exchange. Isa itong pinaghalong seguridad at bilis na pinapayagan ang mga trader na pag-isipan kung ang presyo ng maraming crypto assets ay tataas o bababa. Sa gayon, ang mga gumagamit ay makakapagtrade ng long o short at kayang mag-leverage hanggang 50 beses, na maaaring maging kanais-nais para sa pag-maximize ng kita.

Sa kasalukuyan, mayroong 20 cryptocurrencies na maaaring i-trade laban sa stable coin na TrueUSD (TUSD) sa perpetual futures contracts at ang layunin ay ipa-list ang mga contrata sa +50 cryptocurrencies ng Q2/2020 at +100 ng Q4/2020.

Sa BBOD maaari kang gumamit ng leverage at mag-trade ng futures contracts ng Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, EOS, Cardano, Monero, Neo, Digibyte, Binance Coin, Cosmos, Dash, Chainlink, Link, VeChain, Tezos, IOTA, Verge.

Siguro nagbayad ka ng daan-daang dolyar sa mga transaction fees sa ibang exchanges. Bilang trader, bawat sentimo ay bilang, Kaya ang BBOD ay nag-aalok sa mga gumagamit nito ng leveraged Zero-Fee trading na maari mong pakinabangan ngayon.

Mga mapagkukunan

https://bbod.io/zeroFee
https://bbod.io/platform/

Learn how to trade futures in the crypto market with our global head of Derivatives products.

Active participants gets 50 BBD tokens free.
VENUE: t.me/BBODCommunity

on 16/1/2020 17:00CET

Check out our website at www.bbod.io

You can register here: https://bbod.io/platform/register?code=nnUbjl

 #tradingcurrencyexchange

BBOD is back with another edition of The Trader’s Perspective Interview. Our very own Ashish S. interviewed Mr. Pumps, a experienced trader who is also known as @Edwardpumps. He shares with us his strategies on how one can consistently make money in the markets.

Read full interview here: https://bbod.io/post/treat-your-trading-like-business
Register to the platform here: https://bbod.io/platform/register?code=nnUbjl

Treat your trading like a business – @Edwardpumps

In this edition of The Trader’s Perspective we interviewed Mr. Pumps. He is an experienced trader who first started trading in 1994. He shares with us his strategies on how one can consistently make money in the markets.

Full interview with Mr. Pumps
BBOD: When and how did you start trading? Do you only trade cryptocurrencies?

Mr. Pumps: My first stock was Tabcorp in 1994. I mainly trade bitcoin with margin until altseason kicks in. I traded oil for over 10 years as it is the market maker for all other charts.

BBOD: What was the riskiest trade you ever made? What was the result?

Mr. Pumps: I opened too many positions margin trading oil, I didn’t understand leverage and the result was liquidation. Something we all need at some stage, the earlier the better.

BBOD: What is your main trading strategy and what kind of trading tools do you use to analyze the market? Graphs or reasoned analysis – what is your preference and why?

Mr. Pumps: My trading strategy is based off time catalyst, trend lines, set counts, number sequence, candle weakness, trigger candles, gaps, gap arrays, volume & fibonacci.

BBOD: What qualities do you think make a successful professional trader?

Mr. Pumps: Anyone can acquire the skills if they treat their trading like a business. You must take profit regularly for cashflow. Discipline, planning & taking action on those plans + never viering from the plan.

BBOD: What are the most common mistakes traders make and how to avoid them?

Mr. Pumps: Going too hard too soon (all in on one trade) – split your stack. Not testing strategies before applying them with capital. Buying the news (we usually sell the news & buy the rumour) if trading fundamentals however the chart already shows the fundamentals ahead of the news. A novice should look at buying based charts with increasing volume, this is the safest way to trade.

BBOD: What kind of trade rules or principles would you recommend to our readers to follow?

Mr. Pumps:

Learn from someone you like & trust.
Don’t try to learn everything about trading, find a few simple strategies & apply them.
Never accept more than 1% loss, if you are wrong exit the trade immediately!
Don’t rush, the market pays somebody everyday.
No need for FOMO, their is always another pump.

BBOD: What are the top three items a trading platform should have?

Mr. Pumps: Chart tools, Stop loss (which is kinda new to crypto), volume scanner.

BBOD: What would you like to know before you started trading?

Mr. Pumps: To exit a loser immediately, you cannot get too hurt if you apply this simple tactic.

BBOD: How can a trader prevent his greed from influencing the size of his position?

Mr. Pumps: That’s easy, always use the same amount of capital per trade (eg: If you have $50,000 to trade with, split that into $5000 trades). Regardless if I am trading ETH or BTC I will always use the same capital per trade not giving any single trade priority based of coin type or chart set up.
After I have tracked my average win/loss ratio (if I have won more than 80% of my trades I increment my trading amount up 10% -eg to $5500) If I haven’t performed well I will reduce my trading amount by 10%.

BBOD: BBOD has launched its stable version. Have you had a chance to take a look? Got any feedback?

Mr. Pumps: I have asked a few of my researchers to check it out.

BBOD: Please tell us more about your educational service and how can a novice trader benefit from your educational service?

Mr. Pumps: I train traders my style of trading to find specific chart set-ups and we post these charts that fit my criteria in our Discord & Twitter groups. Traders can select which chart they think is ready to be traded. We mainly trade the alts that are on Bitmex as we can short these.
I also summarise the market sentiment in order to determine if we should be holding USDT, BTC or alts. Like on the first day of Bakkt we were mostly holding USDT right now.
We delve into the technical systems that matter the most as 95% of the free trading material is absolutely useless. I create a trading plan for my students so they have the best chance of success.
Our website should be live soon – www.edwardpumps.com
The traders that can prove they are learning my systems effectively also get to trade with my clients money. I respond to questions through twitter DM’s

BBOD: Thank you very much for participating on this edition of “The Trader’s Perspective”, it was our pleasure to have you here. We hope your insights were very beneficial to our readers as well!

Feel free to share your comments or questions in our Community on Telegram!

BBOD: One World, One Exchange

BBOD is a world-leading transparent-custody, cryptocurrency derivatives trading platform for retail and institutional clients, offering a secure and transparent marketplace to trade Bitcoin and Altcoins futures contracts with a stablecoin collateral. The transparent-custody nature of BBOD means that BBOD does not hold either the clients’ digital assets or their private keys. Instead, a client has their own contract account on the Ethereum blockchain.

BBOD is back with another edition of The Trader’s Perspective Interview. Our very own Ashish S. interviewed Mr. Pumps, a experienced trader who is also known as @Edwardpumps. He shares with us his strategies on how one can consistently make money in the markets.

Read full interview here: https://bbod.io/post/treat-your-trading-like-business
Register to the platform here: https://bbod.io/platform/register?code=nnUbjl

Treat your trading like a business – @Edwardpumps

In this edition of The Trader’s Perspective we interviewed Mr. Pumps. He is an experienced trader who first started trading in 1994. He shares with us his strategies on how one can consistently make money in the markets.

Full interview with Mr. Pumps
BBOD: When and how did you start trading? Do you only trade cryptocurrencies?

Mr. Pumps: My first stock was Tabcorp in 1994. I mainly trade bitcoin with margin until altseason kicks in. I traded oil for over 10 years as it is the market maker for all other charts.

BBOD: What was the riskiest trade you ever made? What was the result?

Mr. Pumps: I opened too many positions margin trading oil, I didn’t understand leverage and the result was liquidation. Something we all need at some stage, the earlier the better.

BBOD: What is your main trading strategy and what kind of trading tools do you use to analyze the market? Graphs or reasoned analysis – what is your preference and why?

Mr. Pumps: My trading strategy is based off time catalyst, trend lines, set counts, number sequence, candle weakness, trigger candles, gaps, gap arrays, volume & fibonacci.

BBOD: What qualities do you think make a successful professional trader?

Mr. Pumps: Anyone can acquire the skills if they treat their trading like a business. You must take profit regularly for cashflow. Discipline, planning & taking action on those plans + never viering from the plan.

BBOD: What are the most common mistakes traders make and how to avoid them?

Mr. Pumps: Going too hard too soon (all in on one trade) – split your stack. Not testing strategies before applying them with capital. Buying the news (we usually sell the news & buy the rumour) if trading fundamentals however the chart already shows the fundamentals ahead of the news. A novice should look at buying based charts with increasing volume, this is the safest way to trade.

BBOD: What kind of trade rules or principles would you recommend to our readers to follow?

Mr. Pumps:

Learn from someone you like & trust.
Don’t try to learn everything about trading, find a few simple strategies & apply them.
Never accept more than 1% loss, if you are wrong exit the trade immediately!
Don’t rush, the market pays somebody everyday.
No need for FOMO, their is always another pump.

BBOD: What are the top three items a trading platform should have?

Mr. Pumps: Chart tools, Stop loss (which is kinda new to crypto), volume scanner.

BBOD: What would you like to know before you started trading?

Mr. Pumps: To exit a loser immediately, you cannot get too hurt if you apply this simple tactic.

BBOD: How can a trader prevent his greed from influencing the size of his position?

Mr. Pumps: That’s easy, always use the same amount of capital per trade (eg: If you have $50,000 to trade with, split that into $5000 trades). Regardless if I am trading ETH or BTC I will always use the same capital per trade not giving any single trade priority based of coin type or chart set up.
After I have tracked my average win/loss ratio (if I have won more than 80% of my trades I increment my trading amount up 10% -eg to $5500) If I haven’t performed well I will reduce my trading amount by 10%.

BBOD: BBOD has launched its stable version. Have you had a chance to take a look? Got any feedback?

Mr. Pumps: I have asked a few of my researchers to check it out.

BBOD: Please tell us more about your educational service and how can a novice trader benefit from your educational service?

Mr. Pumps: I train traders my style of trading to find specific chart set-ups and we post these charts that fit my criteria in our Discord & Twitter groups. Traders can select which chart they think is ready to be traded. We mainly trade the alts that are on Bitmex as we can short these.
I also summarise the market sentiment in order to determine if we should be holding USDT, BTC or alts. Like on the first day of Bakkt we were mostly holding USDT right now.
We delve into the technical systems that matter the most as 95% of the free trading material is absolutely useless. I create a trading plan for my students so they have the best chance of success.
Our website should be live soon – www.edwardpumps.com
The traders that can prove they are learning my systems effectively also get to trade with my clients money. I respond to questions through twitter DM’s

BBOD: Thank you very much for participating on this edition of “The Trader’s Perspective”, it was our pleasure to have you here. We hope your insights were very beneficial to our readers as well!

Feel free to share your comments or questions in our Community on Telegram!

BBOD: One World, One Exchange

BBOD is a world-leading transparent-custody, cryptocurrency derivatives trading platform for retail and institutional clients, offering a secure and transparent marketplace to trade Bitcoin and Altcoins futures contracts with a stablecoin collateral. The transparent-custody nature of BBOD means that BBOD does not hold either the clients’ digital assets or their private keys. Instead, a client has their own contract account on the Ethereum blockchain.

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FIRST BBD LISTING: December 10th, 2019

This sale will end on the 9th December 19, 9pm HK time.

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You can register here - https://bbod.io/platform/register?code=nnUbjl



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