Is it rational to settle for 10% returns per month?

24 November 2021 | Updated: 25 November 2021

“One of the secrets few know and fewer implement when it comes to trading success is that you have to really care about doing well. These days, I see a lot of traders not caring enough, not prioritizing learning about trading, and making pathetic weak-willed excuses.” – Chris T.

Perfectionism – a bane of the trading world
When people look for a solution to their trading problems, they tend to look for the solution in the wrong places, having the wrong mindset. One problem with most traders is perfectionism. For instance, we tend to go to those who promise us 50% to 100% per week or month. If someone gives an estimate of 5% profits per month, we would think that is too small. If an investment salesperson promises huge returns in a short period of time, we’re drawn to them.

What if I tell you that 5% per month is good returns on your trading or investment, would you agree with me? Is 60% growth per annum not good enough?

Many years ago, one of my mentors in the financial industry told me that, even 20% growth per annum is good.

In schools, we tend to ridicule those who make average grades and praise those who make excellent grades. The same is true of the world of sports. Do you think great sports teams win all their matches always?

No! But they do well over time.

Most of those who do well in life are correct less than half of the time.


Are 10% gains per month too low?

Now let me ask these questions:

How much percentage do you earn on your savings account per annum?

How much do you earn on your fixed deposit account per month?

How many people can pay off their mortgages within one year?

If you buy a bus, to use for commercial purposes, is it easy for you to recover your money in one year?

Can you buy a property and sell it for 100% profit within 10 months?

If you found a startup, how long do you think it would take you to start making profits?

Please attempt to answer these questions yourself, based on real-life experiences.

Now, back to the question that makes the last subheading: Are 10% gains per month too low?

Why do we tend to be unrealistic and fallacious when it comes to online trading?


Making 10% returns per month from Learn2.trade crypto signals
One good thing about the margin trading of cryptos is that you can make money, both in bull and bear markets. You don’t make money only when the price is going up. If your timing and methodology are right, you can predict a downward movement or an upward movement and participate in them.

Learn2.trade provides quality crypto signals to interested traders. Each signal comes with stop loss and take profit targets. Sometimes a trade is closed before the stop or the target is hit.

We use 5 types of orders for the crypto signals. They are Instant Execution, also known as Market Execution, Buy Limit, Sell Limit, Buy Stop, and Sell Stop.

Generating an average of 2 – 3 signals per day, we also use risk settings that are usually around 1% per trade and we attempt to gain more than we risk. As these signals are sent, we ensure that we also use them, practicing what we preach.

Learn2.trade crypto signals – recent performances
Please check the image below to peruse what has been made recently. You see can that we use stop loss, and use small lot sizes, relative to the size of the accounts. It just doesn’t make sense to bet too big on an individual trade.

You can also see that we have both losses and profits. However, our average profits are bigger than average losses. That is the pedigree of a viable/ promising strategy: Make more money than you lose.

Therefore, losses and drawdowns are also tightly controlled so that they don’t have significant effects on the account. These kinds of drawdowns are shallow, for recovery and eventual growth always happen.

The markets are difficult but profitable
Making consistent, regular profits from the market is hard, but success is possible. When the markets prove difficult, then we only need creative approaches. Markets will continue to prove uneasy and tough, but we will continue to make profits from them, no matter what.

We target 10% profits per month, though we make more than this in most cases. 100% profits every 10 months is an enviable achievement. If 10% gains per month are compounded, the results in a few to several years will be amazing. Yes, you should be aware of the power of compounding.
Making 10% returns per month from Learn2.trade crypto signalsJoin us today, in this journey of regular, monthly profits.

Please see the image above, to know relevant metrics and figures of the recent results of the strategy behind the signals.

You can join us here for, few free crypto signals per week:
For Cryptos.

Or you can hop in, and become our VIP right away, and enjoy all our crypto signals, up to 3 signals per day. Get access to the ability to make 10% or more per month.

Although, you would do well to note that past results are no guarantee of future performances.

You can monitor our crypto signals trading performances here: L2T Crypto Signals on MyFxbook


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Will Shiba Inu (SHIB) ever reach 1 cent or even $1?

12 November 2021 | Updated: 12 November 2021

It’s a Doge-Eat-Doge World Out There

Shiba Inu is the latest meme coin. Its holders are promising it will make you an overnight millionaire.

And they have proof to back up their claims.

In August, a Shiba holder spent $3,400 on the meme coin. Now it’s worth $1.5 billion.

Impressed yet? If not, consider another dog coin baron.

This one bought $8,000 worth in August. It’s now worth $5.7 billion. For those counting, that’s $8,000 to $5.7 billion in about 400 days.

Some are calling it the “greatest trade ever.”

Not quite.
It's a Doge-Eat-Doge World Out ThereShiba has leapfrogged dogecoin to become the ninth-most valuable crypto in the world.

Obviously, that’s not a buy signal.

So why is Shiba pumping? Well, apart from the fact that the majority almost always buy green and sell red…

The “Dogecoin Killer”
Crypto whales use meme coins as a gauge of how much new — and unsophisticated — money is moving into the crypto markets. And then they do everything they can to take that money from them.

(Anecdotal, but almost everyone I’ve talked to who’s recently gotten into crypto started with a dog coin.)

This morning, for kicks, I asked crypto whale watcher Justin Gupta of CryptoDash.live what he thought about Shiba.

“Cryptocurrencies are volatile as is,” said Justin. “But when they are not well distributed, and only a few control a large portion of the tokens, they become even more so. This is because these few individuals can move the market at their whim.”

In the case of Shiba, Justin explained, nearly 1/5th of the supply is controlled by two accounts: “Meaning at any given moment, if these accounts decide to dump, they could trigger a massive panic sell-off and crash the asset.”

It's a Doge-Eat-Doge World Out There
One fifth of Shiba is held by 2 accounts

One fifth of Shiba is held by 2 accounts

Compare that to Dogecoin, where the top two accounts hold 10% of total circulating supply.

But, in the end…

It Doesn’t Matter
The reality of the current crypto market is that virtually nobody cares about the technology or tokenomics. Consider, months ago Shiba pumped 300% after Elon Musk tweeted he would be getting a Shiba Inu dog.

And to the untrained eye, Shiba seems cheap.

It’s currently sitting at $0.00007253.

But, the market cap is $40 billion, bigger than Robinhood. Bigger than Sysco Corp., the largest food distribution company in America. (And its circulating supply is around 550 trillion.)

If you’re buying into Shiba today it’s because you’re convinced it’s going to 1 cent. Maybe even $1. I’ll tell you right now. It’s not going to happen.

Yes, this points to new money coming into this space. But there are clearly other things driving this mania. Sometimes these things are best expressed with memes:
Richard Burton, a designer for DeFi projects, brought up an important point that gets far less attention than the money printers: barriers to entry in traditional finance.

Shiba Inu, he wrote, “is what happens when you stop generations of Americans from investing in startups with Accredited Investor Laws designed to ‘protect people.'”

Perhaps lower barriers to entry mean we create more informed investors. Or… as in the case with all meme coins and stocks… perhaps not.

NB: Shiba Inu is not the next bitcoin. More likely, it’ll be where most newbies get fleeced. If you’re looking for solid advice on the projects worthy of your hard-earned money, look no further

Author: Chris Campbell
For Altucher Confidential

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Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Peter Thiel: A Foremost Investor

12 November 2021 | Updated: 12 November 2021

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 1

“One of the secrets few know and fewer implement when it comes to trading success is that you have to really care about doing well. These days, I see a lot of traders not caring enough, not prioritizing learning about trading, and making pathetic weak-willed excuses.” – Chris Tate

Name: Peter Thiel
Date of birth: October 11, 1967
Nationality: German, American
Occupation: Businessman and investor
Peter Thiel: A Foremost InvestorA RARE GENIUS
Peter was born in Germany, but his parents took him along to the United States, where they settled. He studied philosophy at Stanford University, earning a B.A. (1989). He also got his J.D. from Stanford Law School (1992). He was very good at playing chess, even to the point of being rated a Chess Master.

With Elon Musk and Max Levchin, he co-founded Paypal. He co-founded Palantir, serving as its chairman. He was the first outside investor in Facebook, acquiring a stake which was worth 10.2% in 2004 for $500,000. Therefore he’s a member of the board of directors.

He presides over a hedge fund named Clarium Capital. The fund was worth $700 million. He’s also a managing partner in Founders Fund, a firm which was worth $2 billion. He also co-founded, chairs Mithril Capital Management and Valar Ventures.

In the year 2011, his position on Forbes 400 was 293rd, being worth $1.5 billion. As of August 2015, he was worth $3.3 billion.

Peter is interested in other intriguing issues, causes and futuristic ideas, participating in some of them, funding some of them and advocating some of them. He’s won awards, honors, and an honorary degree from Universidad Francisco Marroquin.

 Peter Thiel: A Foremost Investor

What You Need to Know:
1. Peter really has a Midas touch. Are you successful in other areas of life? You might want to try trading and/or investing. Perhaps you success in other fields might be translated to success in trading as well. As you can see, Peter Thiel has been successful in most of the ventures he took, including investing. He correctly forecasted the weakness of USD in the year 2003, plus forecasting that the strength in USD and energy would be strong in the year 2005.

2. You can’t be right always. Peter wasn’t always right. His hedge fund, Clarium, dropped in value within years 2008 – 2011. This was largely due to incorrect bets. However, you should be successful overall, just as Peter is.

3. In trading, courage is more important than genius. Brilliant traders are rare. No wonder there are so many losers.

4. Peter says monopoly is the condition of every successful business. This can be applied to trading. You just got to develop your own unique trading approach and stick with it. That unique trading approach is your edge, which will give you breakthrough that many millions of traders can only dream of.

5. Nobody cares about you unless you become a successful trader with years of a nice track record. Consistent profitability is an elusive thing, and once you can achieve that, more and more people would be interested in you, because you’ll appear unique. Without this, you’ll just be like many other millions of people who’re failures.

6. Don’t be afraid to fly in the face of a conventional trading wisdom. You trading approach is good as long as it makes money, no matter how odd it seems.

7. Always make sure that in a quarter or on annual basis, you make average profits that are bigger than average losses. Your few winners ought to compensate for your numerous losers.

Conclusion: When problems and challenges arise in your trading career, do you feel overwhelmed? I no longer feel helpless and without hope. Today, I can truly say I’m happy as a trader, although previously I never imagined it possible, I now feel that I can help others.

This piece ends with a quote from Peter:

“The most contrarian thing of all is not to oppose the crowd but to think for yourself.”

Firs published on ADVFN

 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Are Top Athletes Richer than Top Funds Managers?

16 October 2021 | Updated: 30 October 2021

Note: This piece was first published in 2014, so some facts in it are out-of-date. However, the truth it passes across is timeless.

“If you understand this way of thinking – that by taking smart risks you can make money over time – it will improve your willingness to take risks.” – Bruce Bower

What is the answer to the question that forms the topic of this chapter? The answer is a big NO! Floyd Mayweather, LeBron James, Cristiano Ronaldo, Tiger Woods, Roger Federer, Lewis Hamilton, Mahendra Singh Dhoni, Cliff Lee, Usain Bolt, etc. Each of these stars is one of the best in their respective fields, and no doubt, they’ve achieved success and fame that billions of people can only dream of. Yet, each of them is still poor when compared to the highest paid funds managers in the world.
Are Top Athletes Richer than Top Funds Managers?If you want to know what each of the star athletes mentioned here earns, you will need to do the research yourself. On Buzz.money.cnn.com, Jesse Solomon shows a list of the ten highest paid hedge funds managers in 2013: David Tepper, Steven Cohen, John Paulson, James Simons, Kenneth Griffin, Israel Englander, Leon Cooperman, Lawrence Robbins, Dan Loebb and Paul Tudor Jones.

David Tepper earned $3.5 billion last year. In 2009, he earned some $4 billion. He’s currently worth $10 billion. David’s riches are even far more surpassed by those of some market legends like Carl Icahn ($24.5 billion) and George Soros ($26.5 billion). I don’t even want to mention the Wizard/Sage/Oracle of Omaha.

How much do you think a boxing champion like Floyd Mayweather earned? He earned $105 million, thus currently making him the highest paid athlete in the world. Nevertheless, the tenth highest paid hedge fund manager is Paul Tudor Jones who got a paycheck of $600 million in 2013. This means that Paul is more than five times richer than Floyd in terms of income last year. Paul’s net worth is $4.5 billion.
The highest paid soccer player in the world at the time of writing is Cristiano Ronaldo, with less than $100 million in total earnings per annum; yet his income is more than six times smaller than that of the tenth highest paid funds manager in the world.
Do you now see my point? The world of trading has produced many billionaires – past and present. These traders are extremely rich and the incomes of the star athletes pale into insignificance when compared to the earnings of those funds managers.

It’s true that top athletes enjoy the heavy glare of publicity and are far more popular because of myriads of fans the world over. Some professional traders aren’t famous because they trade behind their computers in the comfort of their offices. Most people don’t know them, save interested individuals who are mostly traders/investors themselves. When many football fans talk about how rich their favourite players are, they are often not aware that some professional traders are far richer than them.

With a worth of $1.1 billion, the New York Knicks are the most valuable team in NBA for 2013 (with revenue of $243 million for that year). Real Madrid is the most valuable sports team, worth $3.3 billion (with revenue of roughly $700 million per annum). However, David Tepper, who is not the richest trader in the world (only the highest paid for the year 2013) is far richer than the New York Knicks and Real Madrid combined. According to Jesse, the top 25 funds managers took home $21 billion among themselves last year.
You should congratulate yourself on being a trader, irrespective of your experiences in the markets. The richest traders didn’t become rich overnight, nor did the richest athletes, for most of them had very humble beginnings. By adjusting your trading approaches to achieve everlasting triumph and by sticking to those approaches, you’ll soon reach financial freedom (though you may not attain the list of the highest paid traders).

Another quote from Bruce Bower ends this chapter:

“Focus on making good risk/reward decisions, keeping losses small, and you will start to become profitable.”

Taken from the book “Unlock Your Potential with the Realities of Trading” 

 

 

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Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Airdrop and Earn-to-Learn: Quick and Simple Crypto Rewarding Programs

1 October 2021 | Updated: 1 October 2021

As the cryptocurrency industry continues to grow, it has become increasingly easy to make money either through investing, trading (speculating), mining, or engaging in earning/learning and Airdrop programs—the focus of this article.

How Earn-to-Learn Works

Many crypto platforms, including two of the biggest cryptocurrency companies, CoinMarketCap and Coinbase, offer earn-to-learn education services where participants get paid to partake in short crypto-based courses.

  • Partaking in this program involves three easy steps:
  • Watch a few short videos
  • Take a quick quiz
  • Earn crypto

It is that simple!

Understanding Crypto Airdrop

Meanwhile, Airdrop Chasing is another quick and easy way to earn rewards from the crypto industry. Most times, project developers airdrop tokens (give out free coins) to interested parties who participate in a few simple tasks to generate buzz for a new project.

  • Some tasks required by these projects include:
  • Following their social media channels
  • Sharing posts on social media
  • Signing up on their platform
  • Completing a form about the project
  • Downloading their app

Because participants of airdrops come on board at an early stage of a project, the profit potentials are extraordinary. Many crypto enthusiasts have become overnight millionaires from participating in simple airdrops.

After airdropped projects hit exchanges, holders can decide to trade or swap the earned tokens.

Commenting on the benefits of airdrops, Chair of CoinDesk, Michael Casey, argued that it is essential to aggressively market a token if it is to succeed, adding that: “A currency is nothing if it is not widely used. And that can’t be achieved unless people make some cost-incurring effort to encourage widespread usage.”

Nonetheless, interested parties need to ensure they are not getting scammed, as airdropping has become a popular scamming tool in the crypto space. Some airdrop owners artificially inflate the value of their programs and dump them to make quick profits, leaving participants with close to worthless tokens.

 

You can purchase crypto coins here: Buy Tokens

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9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.