MSG TRADING
MGS TRADING
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Futures Trading with $300. My Journey and My Tips.
A few weeks ago I started trading (I had traded before but I lost money), and I decided to try again and I started with just $300, because when I was trading before I was always worried about losing money on my trades, so trading with a small budget eased that worry and I started feeling more comfortable trading and more confident in my decisions, so I started trading and I eventually turned that $300 into $1300, it took weeks but it was worth it, and how did I do it?
Keep it simple.
1. Learn basic trading analysis: There are so many tools to trade, so it can be overwhelming, so I recommend you to learn:- Trend lines, Support and Resistance levels, candlestick patterns, volume, RSI/Divergence and EMA, those are the ones I used for my own analysis.
2. Psychology: Always stay calm, don't stress and don't rush into trading, always analyze every trade you enter, if you are busy with other things like work, exercise etc, don't trade
3. Stop loss and take profit. Stop loss is one of the most important things when trading, so always put a stop loss when you enter a trade because you want to be greedy for your profits, the price can change and you can lose instead of winning.
4. Don't go all in.
I don't place orders with all the money I have, I enter with a margin of 5% of my account/1 transaction, so if I make a mistake I can do it again and the more I trade the more experience I gain
Good luck
A few weeks ago I started trading (I had traded before but I lost money), and I decided to try again and I started with just $300, because when I was trading before I was always worried about losing money on my trades, so trading with a small budget eased that worry and I started feeling more comfortable trading and more confident in my decisions, so I started trading and I eventually turned that $300 into $1300, it took weeks but it was worth it, and how did I do it?
Keep it simple.
1. Learn basic trading analysis: There are so many tools to trade, so it can be overwhelming, so I recommend you to learn:- Trend lines, Support and Resistance levels, candlestick patterns, volume, RSI/Divergence and EMA, those are the ones I used for my own analysis.
2. Psychology: Always stay calm, don't stress and don't rush into trading, always analyze every trade you enter, if you are busy with other things like work, exercise etc, don't trade
3. Stop loss and take profit. Stop loss is one of the most important things when trading, so always put a stop loss when you enter a trade because you want to be greedy for your profits, the price can change and you can lose instead of winning.
4. Don't go all in.
I don't place orders with all the money I have, I enter with a margin of 5% of my account/1 transaction, so if I make a mistake I can do it again and the more I trade the more experience I gain
Good luck
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👍👌🥸😁😍
⤴️Consumer inflation CPI in September increased 2.4% YoY, slightly higher than the expected 2.3%, but still down from August's 2.5%.
Meanwhile, the core CPI (excluding food and energy prices) increased 0.3% MoM, slightly higher than the forecast 0.2%. Compared to the same period last year, the core CPI increased 3.3%, also slightly higher than expected, mainly due to continued increases in housing costs🚀
Although the overall CPI exceeded the forecast, this was the 6th consecutive month of decline. In contrast, the core CPI showed signs of increasing again.
👨🦳Immediately after this information, Bitcoin reacted negatively to below $61K.
The current CPI is not expected to have a major impact on the Fed's decision. They are still likely to cut interest rates twice in November and December, each by 0.25%. Only if inflation falls below 2% will the Fed consider further easing, but if the labor market remains strong, the Fed will have no reason to cut interest rates more than this.
#BTC☀
#MGSTRADING
#news
⤴️Consumer inflation CPI in September increased 2.4% YoY, slightly higher than the expected 2.3%, but still down from August's 2.5%.
Meanwhile, the core CPI (excluding food and energy prices) increased 0.3% MoM, slightly higher than the forecast 0.2%. Compared to the same period last year, the core CPI increased 3.3%, also slightly higher than expected, mainly due to continued increases in housing costs🚀
Although the overall CPI exceeded the forecast, this was the 6th consecutive month of decline. In contrast, the core CPI showed signs of increasing again.
👨🦳Immediately after this information, Bitcoin reacted negatively to below $61K.
The current CPI is not expected to have a major impact on the Fed's decision. They are still likely to cut interest rates twice in November and December, each by 0.25%. Only if inflation falls below 2% will the Fed consider further easing, but if the labor market remains strong, the Fed will have no reason to cut interest rates more than this.
#BTC☀
#MGSTRADING
#news
MGSTRADING
🔥 MARKET UPDATE 09/27 🔥
👉BTC after breaking the diagonal resistance on 09/18 had a strong increase. The shake-out sessions also helped the market stabilize.
👉BTC still has a diagonal resistance at 66,300. In my personal opinion, BTC will have another test of 64,500 and further to 63,500 before breaking the resistance and continuing its increase.
👉This is a reference plan from MGS Trading's perspective. You can rely on this to come up with a suitable trading plan.
🧧Wish you successful trading.
👉BTC after breaking the diagonal resistance on 09/18 had a strong increase. The shake-out sessions also helped the market stabilize.
👉BTC still has a diagonal resistance at 66,300. In my personal opinion, BTC will have another test of 64,500 and further to 63,500 before breaking the resistance and continuing its increase.
👉This is a reference plan from MGS Trading's perspective. You can rely on this to come up with a suitable trading plan.
🧧Wish you successful trading.
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DAILY VIEW UPDATE WEDNESDAY 08/21/2024
BTC has adjusted after touching the resistance level of 61,400, last night BTC touched 58,500 at times.
Currently, BTC is in an uptrend again. If it can break the resistance level of 61,400, BTC will soon reach 63,200 - 64,000 this week. This BTC view will be wrong when the price breaks the support level of 57,000.
The above is a personal BTC plan, everyone can rely on it to plan their trading accordingly. The current price range is not suitable for everyone to swing buy but only short-term trading to make profits during the day.
Hope everyone is responsible for their wallets. Wish everyone a smooth transaction.
BTC has adjusted after touching the resistance level of 61,400, last night BTC touched 58,500 at times.
Currently, BTC is in an uptrend again. If it can break the resistance level of 61,400, BTC will soon reach 63,200 - 64,000 this week. This BTC view will be wrong when the price breaks the support level of 57,000.
The above is a personal BTC plan, everyone can rely on it to plan their trading accordingly. The current price range is not suitable for everyone to swing buy but only short-term trading to make profits during the day.
Hope everyone is responsible for their wallets. Wish everyone a smooth transaction.
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SEC Rejects Cboe’s 19b-4 Filings for Solana ETFs
The U.S. Securities and Exchange Commission (SEC) has rejected Cboe BZX’s 19b-4 filings on behalf of two potential Solana ETF issuers, according to a person familiar with the matter. The news comes after the agency reiterated to issuers its view that Solana is a security, The Block previously reported.
The SEC has rejected Cboe BZX’s 19b-4 filings for two potential Solana spot ETFs, according to a person familiar with the matter. As a result, they have been removed from Cboe’s website.
This follows discussions between the SEC and issuers about their concerns that Solana should be treated as a security, as The Block previously reported, citing another source. This view is consistent with what the SEC has asserted in court filings in multiple cases.
The U.S. Securities and Exchange Commission (SEC) has rejected Cboe BZX’s 19b-4 filings on behalf of two potential Solana ETF issuers, according to a person familiar with the matter. The news comes after the agency reiterated to issuers its view that Solana is a security, The Block previously reported.
The SEC has rejected Cboe BZX’s 19b-4 filings for two potential Solana spot ETFs, according to a person familiar with the matter. As a result, they have been removed from Cboe’s website.
This follows discussions between the SEC and issuers about their concerns that Solana should be treated as a security, as The Block previously reported, citing another source. This view is consistent with what the SEC has asserted in court filings in multiple cases.
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Leading US Economic Indicators Continue to Decline, No Longer Signaling Recession
Leading US economic indicators are still pointing to a slowdown, but are no longer signaling a recession, data from the Conference Board, a nonpartisan and nonprofit research organization, said on Tuesday. That is a positive sign for risk assets, including cryptocurrencies.
The continued decline in the LEI suggests impending headwinds for the economy. However, the six-month year-over-year change narrowed to -2.1% in July from -3.1% in June, a sign that the risk of a recession is easing.
“The LEI continues to decline month-on-month, but the six-month annual growth rate no longer signals an impending recession,” Justyna Zabinska-La Monica, senior director of business cycle indicators at the conference, said in a statement. The latest figures should reassure risk-on asset speculators. Perhaps the painful trade in stocks and cryptocurrencies is now at a higher level, given the recent market slide and the resulting bearish sentiment.
As a result, stocks fell sharply and bitcoin fell from $70,000 to $50,000. The leading cryptocurrency has since rebounded to over $60,000, according to CoinDesk data.
The chart shows that while the Conference Board’s leading indicator is trending down, the concurrent indicators, which indicate the current state of the economy, are rising alongside the lagging indicators. This is a classic sign of an economy in late expansion.
Leading US economic indicators are still pointing to a slowdown, but are no longer signaling a recession, data from the Conference Board, a nonpartisan and nonprofit research organization, said on Tuesday. That is a positive sign for risk assets, including cryptocurrencies.
The continued decline in the LEI suggests impending headwinds for the economy. However, the six-month year-over-year change narrowed to -2.1% in July from -3.1% in June, a sign that the risk of a recession is easing.
“The LEI continues to decline month-on-month, but the six-month annual growth rate no longer signals an impending recession,” Justyna Zabinska-La Monica, senior director of business cycle indicators at the conference, said in a statement. The latest figures should reassure risk-on asset speculators. Perhaps the painful trade in stocks and cryptocurrencies is now at a higher level, given the recent market slide and the resulting bearish sentiment.
As a result, stocks fell sharply and bitcoin fell from $70,000 to $50,000. The leading cryptocurrency has since rebounded to over $60,000, according to CoinDesk data.
The chart shows that while the Conference Board’s leading indicator is trending down, the concurrent indicators, which indicate the current state of the economy, are rising alongside the lagging indicators. This is a classic sign of an economy in late expansion.
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BlackRock's Bitcoin ETF attracts capital inflows of 780 million USD in 3 days
This increase in investment positions IBIT to be highly influential in shaping investor sentiment and market trends.
BlackRock's IBIT attracts large capital flows
On Monday, IBIT recorded 0 inflows. However, the fund attracted a significant amount of $274.43 million on Tuesday, followed by $155.43 million on Wednesday.
According to data from SoSoValue, it attracted another $350 million on Thursday. Therefore, the total capital inflow into IBIT this week has reached nearly 780 million USD.
Recently, BlackRock's iShares Bitcoin Trust reached new heights by becoming the world's largest Bitcoin ETF. Currently, it has assets worth $21.4 billion, surpassing Grayscale's $20.1 billion. The $12.3 billion Fidelity Wise Origin Bitcoin Fund ranked third.
On Thursday, other funds saw relatively smaller inflows compared to IBIT. Fidelity and VanEck Bitcoin ETFs received net inflows of $3.1 million and $2 million, respectively.
In contrast, Ark Invest's ARKB experienced one of the largest outflows, with a net cash flow of $96.6 million. Grayscale's converted GBTC and Bitwise's BITB also faced capital outflows, losing $37.6 million and $3.1 million, respectively.
Spot Bitcoin ETFs have continued to attract investors, achieving their longest streak of net inflows since their inception. These funds have accumulated a total of $15.55 billion since January. Although inflows slowed in April and May, they have since rebounded, although still below their highs. most of March.
#btc #btcetf #blockchain #crypto #BlackRock
This increase in investment positions IBIT to be highly influential in shaping investor sentiment and market trends.
BlackRock's IBIT attracts large capital flows
On Monday, IBIT recorded 0 inflows. However, the fund attracted a significant amount of $274.43 million on Tuesday, followed by $155.43 million on Wednesday.
According to data from SoSoValue, it attracted another $350 million on Thursday. Therefore, the total capital inflow into IBIT this week has reached nearly 780 million USD.
Recently, BlackRock's iShares Bitcoin Trust reached new heights by becoming the world's largest Bitcoin ETF. Currently, it has assets worth $21.4 billion, surpassing Grayscale's $20.1 billion. The $12.3 billion Fidelity Wise Origin Bitcoin Fund ranked third.
On Thursday, other funds saw relatively smaller inflows compared to IBIT. Fidelity and VanEck Bitcoin ETFs received net inflows of $3.1 million and $2 million, respectively.
In contrast, Ark Invest's ARKB experienced one of the largest outflows, with a net cash flow of $96.6 million. Grayscale's converted GBTC and Bitwise's BITB also faced capital outflows, losing $37.6 million and $3.1 million, respectively.
Spot Bitcoin ETFs have continued to attract investors, achieving their longest streak of net inflows since their inception. These funds have accumulated a total of $15.55 billion since January. Although inflows slowed in April and May, they have since rebounded, although still below their highs. most of March.
#btc #btcetf #blockchain #crypto #BlackRock
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Ripple #XRP suddenly transferred 150 million XRP to unknown wallet
Today, Ripple began transferring millions of XRP tokens on a large scale to an unknown location. According to Whale Alert, 150 million XRP was transferred from the address “rBg2F” belonging to Ripple, to the address “rP4X2”, whose owner remains a mystery.
The recipient address, according to Bithomp, was activated in October 2023 by a transfer of 70 million XRP from another address, which was then activated by a transfer from a Ripple wallet. Currently “rP4X2” holds 173.661 million XRP, taking into account tokens arising from recent remittance transactions.
The sudden and mysterious movement of such a significant amount of XRP has left many people questioning the digital asset's future price action and Ripple's intentions.
🚨 🚨 🚨 🚨 150,000,000 #XRP (78,209,179 USD) transferred from#Rippleto unknown wallethttps://t.co/lPfylIvDdm— Whale Alert (@whale_alert) June 7, 2024
Speculation among XRP enthusiasts is running rampant, with many in the community suggesting that the crypto firm may be initiating a sale of the cryptocurrency from its account.
However, the real motive behind moving $78.2 million in XRP to another address remains unclear. It is possible that this address is also owned by a cryptocurrency company, but no exact information has been confirmed.XRP to USD by CoinMarketCap
Meanwhile, XRP quotes continue to trade within an extremely narrow price range, around half a dollar per token. After falling more than 15% in early April, XRP price has been trading in a range of no more than 5%.
Today, Ripple began transferring millions of XRP tokens on a large scale to an unknown location. According to Whale Alert, 150 million XRP was transferred from the address “rBg2F” belonging to Ripple, to the address “rP4X2”, whose owner remains a mystery.
The recipient address, according to Bithomp, was activated in October 2023 by a transfer of 70 million XRP from another address, which was then activated by a transfer from a Ripple wallet. Currently “rP4X2” holds 173.661 million XRP, taking into account tokens arising from recent remittance transactions.
The sudden and mysterious movement of such a significant amount of XRP has left many people questioning the digital asset's future price action and Ripple's intentions.
🚨 🚨 🚨 🚨 150,000,000 #XRP (78,209,179 USD) transferred from#Rippleto unknown wallethttps://t.co/lPfylIvDdm— Whale Alert (@whale_alert) June 7, 2024
Speculation among XRP enthusiasts is running rampant, with many in the community suggesting that the crypto firm may be initiating a sale of the cryptocurrency from its account.
However, the real motive behind moving $78.2 million in XRP to another address remains unclear. It is possible that this address is also owned by a cryptocurrency company, but no exact information has been confirmed.XRP to USD by CoinMarketCap
Meanwhile, XRP quotes continue to trade within an extremely narrow price range, around half a dollar per token. After falling more than 15% in early April, XRP price has been trading in a range of no more than 5%.
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ASI formation of FET, AGIX and OCEAN What does the price mean?
Mergers between two companies in the cryptocurrency industry are rare. However, it is even rarer to see three companies come together as Fetchai #FET, Ocean Protocol#OCEANand SingularityNET#AGIX
Whether this will be a spectacular sight or a disaster is yet to be determined
The Artificial Super Intelligence Alliance (ASI) is about to come to life
Earlier this week, SingularityNET announced that it would merge with Fetchai and Ocean Protocol to form the Artificial Super Intelligence (ASI) Alliance. The merger will merge the three networks into one Artificial Intelligence (AI) network.
Currently, these three tokens have a total value of about 3.2 billion USD. Post-merger, ASI is targeting a market capitalization of $7.5 billion, which would put the token among the top 20 cryptocurrencies in the world
The merger is expected to begin on June 11 and be completed on June 13, after which these three tokens will cease to exist. Token holders until June 13 will have the opportunity to swap their holdings for ASI.
However, with a market capitalization target of double the current valuation of these three assets, the question is whether this is a possibility or just a fantasy
Mergers between two companies in the cryptocurrency industry are rare. However, it is even rarer to see three companies come together as Fetchai #FET, Ocean Protocol#OCEANand SingularityNET#AGIX
Whether this will be a spectacular sight or a disaster is yet to be determined
The Artificial Super Intelligence Alliance (ASI) is about to come to life
Earlier this week, SingularityNET announced that it would merge with Fetchai and Ocean Protocol to form the Artificial Super Intelligence (ASI) Alliance. The merger will merge the three networks into one Artificial Intelligence (AI) network.
Currently, these three tokens have a total value of about 3.2 billion USD. Post-merger, ASI is targeting a market capitalization of $7.5 billion, which would put the token among the top 20 cryptocurrencies in the world
The merger is expected to begin on June 11 and be completed on June 13, after which these three tokens will cease to exist. Token holders until June 13 will have the opportunity to swap their holdings for ASI.
However, with a market capitalization target of double the current valuation of these three assets, the question is whether this is a possibility or just a fantasy
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Medical device maker Semler Scientific buys another $17 million #BTC and is raising money for more purchases
Publicly traded Semler Scientific (SMLR), a healthcare business that has expanded its corporate strategy to include buying bitcoin {{BTC}}, said it is buying an additional $17 million in the cryptocurrency number and prepare to mobilize 150 million USD to be able to buy more.
“Semler remains focused on its two strategies of expanding its healthcare business and buying and holding bitcoin,” said Doug Murphy-Chutorian, MD, chief executive officer of Semler Scientific. "The company currently holds 828 bitcoins, underscoring our view that bitcoin is an attractive investment and can serve as a reliable store of value. We will continue to pursue the strategy buy bitcoin with cash."
According to current market data from CoinDesk Indices, Semler's 828 bitcoins were purchased for $57 million and are now worth $59 million.
Collectively, publicly listed companies hold 308,442 BTC worth about $21.8 billion on their balance sheets, according to bitcointreasories.net.
Semler's announcement in late May that it was buying $40 million in bitcoin sent its shares up 25%.
SMLR closed the day down 2.5% in US trading.
Publicly traded Semler Scientific (SMLR), a healthcare business that has expanded its corporate strategy to include buying bitcoin {{BTC}}, said it is buying an additional $17 million in the cryptocurrency number and prepare to mobilize 150 million USD to be able to buy more.
“Semler remains focused on its two strategies of expanding its healthcare business and buying and holding bitcoin,” said Doug Murphy-Chutorian, MD, chief executive officer of Semler Scientific. "The company currently holds 828 bitcoins, underscoring our view that bitcoin is an attractive investment and can serve as a reliable store of value. We will continue to pursue the strategy buy bitcoin with cash."
According to current market data from CoinDesk Indices, Semler's 828 bitcoins were purchased for $57 million and are now worth $59 million.
Collectively, publicly listed companies hold 308,442 BTC worth about $21.8 billion on their balance sheets, according to bitcointreasories.net.
Semler's announcement in late May that it was buying $40 million in bitcoin sent its shares up 25%.
SMLR closed the day down 2.5% in US trading.
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Semler Scientific announced the purchase of an additional 247 BTC (17 million USD).
This is a company that provides medical services but wants to follow MicroStrategy in storing BTC.
As of today, Semler Scientific is HODLing 828 BTC, total value of $57 million, average purchase price of 68,840 USD/BTC
This is a company that provides medical services but wants to follow MicroStrategy in storing BTC.
As of today, Semler Scientific is HODLing 828 BTC, total value of $57 million, average purchase price of 68,840 USD/BTC
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Updated June 7
Source: FARSIDE UK
BlackRock (IBIT) BUY 347 million USD (Source: HODL15CAPITAL)
ARK (ARKB) SOLD 96.6 million USD
Grayscale (GBTC) SOLD 37.6 million USD
Bitwise (BITB) SOLD 3.1 million USD
VanEck (HODL) BUY $2 million
Franklin (EZBC) 0.0
Fidelity (FBTC)
WisdomTree (BTCO)
Invesco (BTCW)
Valkyrie (BRRR)
———————————
Currently +211.7 million USD
Source: FARSIDE UK
BlackRock (IBIT) BUY 347 million USD (Source: HODL15CAPITAL)
ARK (ARKB) SOLD 96.6 million USD
Grayscale (GBTC) SOLD 37.6 million USD
Bitwise (BITB) SOLD 3.1 million USD
VanEck (HODL) BUY $2 million
Franklin (EZBC) 0.0
Fidelity (FBTC)
WisdomTree (BTCO)
Invesco (BTCW)
Valkyrie (BRRR)
———————————
Currently +211.7 million USD
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Bloomberg James Seyffart says the SEC's recent change in attitude toward crypto and the approval of the Ethereum ETF may not be due to pressure from the Biden administration, but pressure from former House Speaker Nancy Pelosi.
Jaime Lizárraga is the SEC's newest commissioner and was previously Senior Financial Advisor to Speaker of the House Nancy Pelosi.
Recently, Nancy Pelosi also spoke out in favor of crypto and voted in favor of the crypto platform bill FIT21.
If this is true, then things will change at the SEC because the SEC only has 5 commissioners (including Chairman Gensler).
There are now two pro-crypto commissioners: Hester Peirce and Mark Uyeda. If there is more Jaime, regulations favorable to crypto will be passed.
Jaime Lizárraga is the SEC's newest commissioner and was previously Senior Financial Advisor to Speaker of the House Nancy Pelosi.
Recently, Nancy Pelosi also spoke out in favor of crypto and voted in favor of the crypto platform bill FIT21.
If this is true, then things will change at the SEC because the SEC only has 5 commissioners (including Chairman Gensler).
There are now two pro-crypto commissioners: Hester Peirce and Mark Uyeda. If there is more Jaime, regulations favorable to crypto will be passed.
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