[BeyondCC Daily Update] - 3rd February 2019
I have spent much of my career in financial services working for Chicago’s proprietary trading firms which act as market makers on the derivatives exchanges. These firms are responsible for providing prices to the derivatives exchanges (CBOT, CME, CBOE) for options contracts, futures, etc. and are an important part of an orderly marketplace.The Art of Cutting Losers and Letting Winners Run in Crypto Trading
One of the most important rules for trading financial markets is cutting losses quickly and letting winners run. Generally, you want to let your trades that are in the green run as long as the market is willing to provide.Bitcoin Is Now Officially In Its Longest Bear Market Ever
Bitcoin has officially entered the longest stretch of declining prices in its 10-year history. The world’s oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. 17, 2017 on the CoinDesk Bitcoin Price Index and has printed a series of lower price highs ever since, making February 2 (as per UTC time), the 411th consecutive day prices have been in decline.