2020-07-16T22:24:35+0200

2020-07-16T22:24:35+0200

Trading Pair: BSV/USD

Position: Short

Target Price: 172.46



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WHAT DO THE TRADING SIGNALS MEAN?

The Title and the Timestamp 

The title is when I posted the trading signal. The format is Year-Month-Day Hour:Minutes, using 24-hour clock meaning there is no AM or PM, and the timezone. A timezone of +0200 means the time is expressed 2 hours ahead of GMT/UTC.

For example, let us take this timestamp and trading signal: 2020-07-04T14:03:24+0200 | Short BSV/USD @ 154.56. This means that on the 4th of July 2020, 2:03 PM, 2 hours ahead of GMT/UTC, a trading signal was generated to short-sell BSV/USD at $154.56.

I often have to post these signals quickly, so I try and put checks and balances where I can. One of these is the Check Date. It should match the Title. They may not be precisely the same but they should be within 10 minutes of each other. If not, go with the Check Date, as being more valid.

The Position

The position could either be Long, Short or Out:

  • To go Long means to buy something. You hope to gain when the price goes up.
  • To go Short means to short-sell. Not just to sell to close a trade but to short-sell. You hope to gain when the price goes down.
  • To go Out means to get out of a trade so you can be in a neutral position. You do not lose or gain if the price goes up or down.

The Target Price

The Target Price is the price at which the signal tells us to go in. The price is given using a dot (.) for decimals, not a comma (,) like in Europe. This means that 200.00 means two hundred NOT two hundred thousand.

If there is no price indicated, the reason is usually because of time pressure: You never know when a signal comes through, and it is not always convenient to put an order and ensure you get a good price. If there is no target price to enter or exit, just refer to the price when the signal was given.

Trade / Position Size — How much to buy and sell?

  • Buy or sell only as much as what you have allocated to trade this pair. This means if I have $3000 and I allocate $1000 for trading BSV, and BSV is worth $200 each, then I will buy or short-sell 5 BSVs only.
  • If a trader trades 10 pairs, and he had $10000, then he allocates $1000 to trade each pair.
  • No leverage is ever used, especially not with cryptocurrencies, and especially not with these because from tests, it seems that the average is 30 days for winning trades and a week for losing trades. These are large swings to be leveraging, in my opinion.

Image or Images

Sometimes, I will post an image associated with the trade. It would usually be a snapshot of the chart. If I cannot post one when I generate a signal, I might come back to post an image later on. 

Note: The Trading pair, Position and Price cannot be changed once they are posted. If the price was not initially posted and was left blank because of time pressures, I may come back and post the price when the signal was given. I may also add an image or extra comment about the trade later on. 

VERY IMPORTANT: RISK DISCLOSURE

Trading has large potential rewards, but also large potential risk. Trading and investing are speculative and include risk of loss. You must be aware of the risks and be willing to accept them before participating in any market. Trading is not suitable for many members of the public. You must carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. If you require expert advice that is specific to your needs, objectives, financial resources and other relevant circumstances, you should seek the services of a professional person near you.

The information published in this site is provided with the understanding that the author is not engaged in rendering professional services. The website simply discusses how Marquez Comelab trades the market. How he trades and what he trades may not be right for you. Nothing in this website is to be construed as financial advice. The material covered is for informational purposes only and it is general in nature. It may not be personally specific, relevant, useful or appropriate for your needs.

Therefore, nothing in this website shall be deemed a solicitation or an offer for you to open or close any contract or transaction. If you choose to trade on any information you find on this website, you are acknowledging that any profit or loss is entirely your responsibility.

ACTUAL PAST PERFORMANCE AND HYPOTHETICAL RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

It should not be assumed that the methods, techniques, indicators, systems and strategies presented will be profitable or that they will not result in losses. The markets continually change and trading systems and methods do not work forever. Past results, actual or hypothetical, are not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

QUALITY OF DATA & INFORMATION

The performance records have been calculated in a manner we believe to be reasonable and is based on the respective leverage factors intended to be used. Prospective investors must recognize that any simulation of a hypothetical record, even when based on actual trading systems, with qualified trade execution, has inherent limitations. We believe that the records as presented should be of interest to investors in determining whether to participate, such rates of return should by no means be taken as an indication of how the system will perform or would have performed, even given the same trades. Any performance record compiled from individual performance records of any trading methodologies has certain hypothetical and artificial characteristics and must be evaluated accordingly.

Marquez Comelab and all persons involved in updating this site makes every effort to provide accurate, useful, reliable and complete information. However, Marquez Comelab and all persons involved in updating this site provides no warranty, expressed or implied, as to the timeliness, accuracy, usefulness, reliability or completeness of all information and data provided in this site. To continuously improve the quality of this website, all data and information are subject to change without prior notice. Email admin@marquezcomelab.com to advise us of any areas of our site where errors may have been made and we will endeavour to review that particular information.

OTHER RISKS

This website cannot disclose all the risks and other significant aspects of the markets and trading in general. You should therefore carefully study all documents and trading materials before you trade.