Have you ever admired at least in movies how the poker players act? In cold blood, rationally and with no hesitations. Like it helps in poker, similarly, it does in investing and trading. Wanna be the same in trading? Then learn some rules from successful poker players and apply them in trading! The idea is that some poker experience may help you to reveal your emotional traps, which destroy your strategy and, therefore, your investing and…
We continue our series of articles about key trading performance metrics. In this article, we break down the win/loss ratio, but before we start, it’s worth mentioning why we pay so much attention to this issue. Thus, key trading performance metrics are an integral part of the all-round assessment of trading results that serves as a base for trading system development. Why are they so essential? The idea is that history teaches us great things.…
We are glad to introduce a new feature in Bitinsure. Now it is possible to include your open positions into your trading statistics! First of all, what does the automated statistics do? Saves your time. Automatically gathers and updates trading statistics 24/7 Reveals real results. Calculates the key trading performance metricsEnables comprehensive review. Presents trading performance results via smart These functions, acting together, contribute significantly to trading progress: trading analysis, adjustment, backtesting. Therefore, having your trading…
We are excited to introduce the Bitinsure referral program! Invite your friends to use the service and get rewards for your referrals! This way, you are not only preserving your capital and improving trading with Bitinsure, but also getting a passive income source. There are 3 simple steps to participate in the program: Done! You are awesome. Since now, you are able to manage and grow your referral income by inviting more friends. Find the…
All Bitinsure users have an opportunity to earn money easily with the Bitinsure referral program. It is a simple way to get an additional income source that does not require any efforts! The sums you can earn are not limited. This is how it works: You invite your friends to use the service by sending them your personal referral link. Those who accept the invitation become your referrals. Since your referral pays for any option…
As it was mentioned in our previous article, the information on your past trades can considerably sharpen your trading results. Trading statistics is your superpower. Why? By evaluating it, you get a whole picture of your trading performance with all your strong and weak points. Then you simply improve your weaknesses (change your trading plan) and empower strong sides. Then repeat. These steps are basic for building a profitable and scalable trading system. The question…
“If you fail to plan, you plan to fail” – the words of Benjamin Franklin are applicable in trading, dividing traders into two large groups. The first one consists of those who use a trading plan, the second one consists of those who lose. We bet you’d like to be in the first one! Thus, planning is one of the key issues along with tech analysis, money and risk management, and traders’ psychology issues. So,…
Nobody likes to lose. It’s an undeniable fact that we should accept. Trading is related to wins and losses that we also cannot doubt about. Thus, having losses and feeling uncomfortable with them is common in trading, however, each perceives it in their own way. And this way of perception significantly influences the results of trading. Here a common mistake appears: The people are not accepting losses. Almost everyone feels more negative emotions having a…
The risk limit is an essential metric to build a profitable trading system, in accordance with the risk management rules. The risk limit is a share of your current account deposit that you afford to lose in terms of your finance and psychology. Thus, you distinguish a particular limit of losses that you won’t exceed at least to survive in the market (harsh drawdown prevention), at most to make the trading strategy more efficient. The…
In this article we continue discussing key trading performance metrics that contribute to your trading strategy all-round assessment, resulting in crucial improvements and constantly increasing profitability. Why? Because math is an extremely valuable tool for traders for long-term success and profitability. What is essential to remind you from the previous article is that there are two pillars of successful progressive trading that are: Precise recording of trading statistics (manually and/or automatically),Calculation of additional trading performance metrics.…
