PF News January 1-15 2020 Featured image

PF News – BiWeekly Edition – January 1-15, 2021

Hey there ProfitFarmer

Happy New Year! And with the new year comes new opportunities! Here are the latest news and updates covering January 1-15.

NEWS

FUTURES copy-trading, just around the corner!

In a previous blog, we announced that FUTURES copy trading will be released by the end of January. We’re happy to say that everything’s right on track.

We’re making adjustments and running several tests to fine-tune the system before we officially release it. 

Keep in mind that your Futures trades have different wallets. If you wish to add funds, then follow this guide.

-Note that the system uses the USD Futures.

New AMAZING strategies!

We’re adding and updating strategies in the ProfitFarmers arsenal! Check out the full details on our AMAZING Strategy Guide!

Statistics Headlines

PF News January 1-15 2020 Trading signal Results

From January 1st until the 15th, our algorithms produced a total of 133 signals with 87 of them offering some profit potential. That’s 65% or around 3 out of 5 signals hitting at least T1!

Final Target Hit Spread

PF News January 1-15 2020 Final Target Hit

During this period, we saw that the market has been experiencing dramatic price swings. An impressive 49% of our signals hit targets 2,3, or 4!

In the first 2 weeks of January, the market showed dramatic moves so it would have been a good idea to be more cautious with your trades and observe how the trends go.

It’s good practice to look at the bigger picture and long term plan for your trades, it’s not healthy to get bogged down with short term noise.

Average Gain% Per Target

The most impressive aspect of this is that when we take a look at the average gain per target, we can see that on average, each of them offered some serious financial gain.

PF News January 1-15 2020 Average Profit

To sum it up:

16% of signals hit T1 and achieved an average gain of 6.68%

13.53% of signals hit T2 and achieved an average gain of 9.34%

10.53% of signals hit T3 and achieved an average gain of 14.17%

24.81% of signals hit T4 and achieved a massive average gain of 20.88%

Our Best Trade

PF News January 1-15 2020 best trade
Our best trade for this period came in on January 15, 2021 (time shown above is UTC+8).
Look at the Chart

PF News January 1-15 2020 Best Chart

Taking a closer look at the chart, we can see the price dipped near the bottom of our buy zone. After some time, it quickly picked up momentum and we saw it hit targets 1, 2, and 3 quickly.

It then entered a period where the price ranged around 5% for a few hours before rallying and hitting its final target!

Key takeaway for becoming more profitable with ProfitFarmers Signals: 

Sometimes you’ll miss a signal while it’s within the entry zone, making it seem like you’ve lost your opportunity to earn.

This is not the case. As seen in the trade breakdown above, there’s still ample opportunity to profit by manually joining the trade ‘late in order to gain from targets 2, 3 and 4.

Top 10 Trades

PF News January 1-15 2020 Top 10 Trades

IOSTUSDT reigns at the top for reaching 51.84% peak gains in 12 hours.

Special mention to SUSHI and TFUEL for appearing twice and on the list – going against BTC and USDT and making some impressive gains.

Should I trade BTC or USDT linked trading signals?

Every now and then, we address interesting questions from our community members through our bi-weekly blogs.

Here’s an interesting question from James:

You mentioned in [an] email about it being better to trade bitcoin pairs in times of volatility and I am struggling to see why it makes a difference. Can you give me a nudge in the right direction or a link so I can understand this better?

Answer:

Finding yourself confused about what to trade? There are two choices with our signals, Bitcoin or USDT linked pairs.

So what’s the main difference between the two?

It’s simply the ‘base currency’ of your account. If you keep all of your money in Bitcoin and trade only on Bitcoin pairs, then technically you could earn more Bitcoin when you win on BTC-linked pairs.

On that note, many traders are currently keeping 70-80% of their portfolio in Bitcoin and here’s why:

When Bitcoin is in an uptrend against USD, you would make more money even without trading just by holding Bitcoin. Recently, Bitcoin has been in a particularly strong uptrend making buying it on dips very interesting.

By doing this, we would own Bitcoin as a base currency. So whether we trade regularly or not, we could benefit from Bitcoin’s uptrend just by holding it.

What’s the strategy?

So, the idea here is to convert your portfolio into Bitcoins, and then trade those Bitcoins to gain even more Bitcoins.

You can think of it like this: You currently have USD or EURO or whatever your local currency may be, and you’re trading that currency to make more currency.

The only difference here is that we are treating Bitcoin itself as a major currency. So instead of counting our gains in our original currency, we are now counting our gains in Bitcoin.

What about Bitcoin’s volatility?

Bitcoin may have its ups and downs but the larger trend is still pointing towards new highs.

On the other hand, most USD coin pairs are directly linked with Bitcoin’s moves. If Bitcoin drops, you may likely see significant drops in USD linked pairs too. This means you lose USDT value with no way to recover it passively.

While you may lose notionally if Bitcoin drops for a while, it will eventually resume its trend on the up-side, meaning you don’t lose in the literal sense.

Key takeaway: Consider buying Bitcoins on major dips, trading those Bitcoins to make more Bitcoins. The idea would be to do this for as long as Bitcoin keeps its up trend intact. Move back to USD as a base currency once Bitcoin’s uptrend is stalled. Then consider trading USDT pairs when you are more confident of the uptrend to get faster gains than just by holding Bitcoin.

Is there another reason to use Bitcoin pairs?

Bitcoin paired trades give you the opportunity to make the most of Bitcoin’s falling value relative to other coins. If you look close enough, you can find good opportunities for when Bitcoin’s stuck sideways or going through a pullback.

Key takeaway: Consider buying Bitcoins on major dips, trading those Bitcoins to make more Bitcoins. The idea would be to do this for as long as Bitcoin keeps its up trend intact. Move back to USD as a base currency once Bitcoin’s uptrend is stalled. Then consider trading USDT pairs when you are more confident of the uptrend to get faster gains than just by holding Bitcoin.

Want To Join The Fun?

Be more profitable and start making trading work for you again.

Join ProfitFarmers and:

Easily execute trades like an expert

Frequently find more profitable trades with less time

Cure the emotions & FOMO that cuts into profitability

Take your life back and actually ENJOY the journey of trading!

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Disclaimer

Past results do not guarantee future performance. Only trade with money you can afford to lose.

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