Dear Users!

As of today, the BBOD communication channels are renamed CoinDeal Derivatives. But we are still the same! Follow us and all the changes that were made! Wait for an even better, more efficient, and comfortable derivatives platform.Look at the new channels now and see if you follow also the old ones: 
Facebook: https://www.facebook.com/CoinDealDerivatives/
Twitter: https://twitter.com/CDDerivatives
Telegram: https://t.me/BBODCommunity Please also note that the Instagram account will be closed and no communication will take place there.

Dear Users!

According to our previous announcement, BBOD will change its name to CoinDeal Derivatives. Channels like Twitter and Facebook will be renamed. There will also be new communication channels, to which we will invite you. In the following messages, we will inform you about the renaming of specific channels, the closure of some, and the creation of new ones that will be available for you soon. Please do not worry about renaming. We are convinced that this decision will allow us to develop in the best possible direction. We will announce further news soon!

Big news!

Dear users, we have recently established particularly important cooperation. 

In the near future, our platform will be taken over by the CoinDeal exchange and a new project will be created, based on the same principles as in our company – CoinDeal Derivatives. 

We want to ensure that we remain in close cooperation with CoinDeal, and the name rebranding is an exclusive strategic move to take even better care of you, the users. The platform will be based on the assumptions of BBOD and will aim at spreading knowledge about derivatives among the crypto community.  

We will provide our users with an easy and accessible transition from one platform to another. We want you to stay with us, it’s still us, just under a different name. 

We are convinced that this decision will allow us to develop in the best possible direction. We will announce further news soon! 

BBOD Team

How to cope with your own mind when trading

Have you seen our series of interviews: The Trader’s Perspective Podcast?!

Well, we had the pleasure of hosting the Co-Founder of the Bitcoin Trade Group, an educational service for traders alike.

Mr TA aka as Matt @Trader_M4tt on Twitter was able to answer questions on a range of interesting topics, especially as he has a good amount of experience in trading in both traditional markets and cryptocurrency.

Interview Overview

One of the main topics we covered and was brought up many times across the interview as a whole, is the very important topic of emotions. Emotions play a huge role in trading and sometimes they can get the best of us; Matt discusses this further and provides his advice on coping with this. 

The Bitcoin Trade Group has an excellent support group on Discord and a mentoring system which could help you when you are struggling with your emotions. If you want to be a member of the group, please click here.

Self-awareness and self-care is also a major part of dealing with emotions in trading, Matt tells us. He also recommends some books including Psycho-Cybernetics by Maxwell Maltz and The Power of Now by Eckhart Tolle. Be sure to check these books out, they could be of great help for traders who are looking to cope with their emotions better.

We also discussed how to cope when you have experienced a big loss and how to not let greed get the better of you; this again can all play into dealing with emotions.

Matt also covers how he got into the trading/crypto world, he came from a background in more traditional trading which he told us has definitely helped him out as he can now apply his previous knowledge into crypto trading.

Mr TA aka Matt also discusses his favourite trading strategies and talks more about the strategies he recommends when traders come to him for advice. In the Bitcoin Trade Group Matt works with two other partners and he said they all have very different strategies. You just have to find what is best for you and fits well into your lifestyle.

The Bitcoin Trade Group

Finally, we talked about Matt’s educational service, the Bitcoin Trade Group which sounds perfect for both new and old traders, who would like some mentoring to help them to become a more successful trader. 

Matt also tells us about the excellent support network they have at the BTG, for traders who would like the chance to chat with other traders, we all need help during tough times and trading can be a lonely world sometimes. This is a side of trading that probably is not talked about enough and it was a pleasure to be able to discuss this with Matt, and to hear the thoughts from someone who has a great deal of experience within the industry.

We hope you enjoyed this insightful interview and if you would like to follow Matt on Twitter, click here or check out the Bitcoin Trade Group here.
Be sure to subscribe to our YouTube channel as we will be publishing more interviews and educational content!

Be Vigilant while planning your Trades – Tortoise Trading

In this edition of The Trader’s Perspective we interviewed Tortoise Trading. He is a full time Crypto trader and the creator of Tortoise Trading. He has a financial advisory background and has been trading crypto profitably for more than 2 years. He shares his techniques with us on how to be profitable in this insightful interview.

It’s a pleasure to be interviewing you! We know that you have been trading crypto for the past two years but what attracted you towards crypto specifically?

Initially it was the returns that got my attention but I didn’t dive in until I fully understood the potential of Bitcoin. I shrugged it off for awhile but once I started reading a little bit I got hooked and couldn’t stop. It didn’t take me long to see how a digital, naturally deflationary asset could play a key role in the global economic landscape over time. Specifically in regard to the implications of the diminishing returns of the effects central banks’ tools are having on economic growth. I got into altcoins quickly and it didn’t take me long to realise 99.9% of them are bull**** and have no use case other than speculation – which as a technical trader I’m fine with!

Please do tell us more about your brand – tortoisetrading.co

Tortoise Trading is my platform to share my thoughts on the Crypto market and help others learn how to invest in and trade Crypto with a “move slow and focus on risk management” approach. I haven’t been as active in producing content the past few months as I’ve had a lot of life changes but I plan to start again soon.

What’s your single largest gain in one trade? And if you don’t mind sharing, the most drawdown in a trade?

Not including leverage, 3.5x is my largest gain in a trade, although I’m not sure I really consider December/January 2017 “trading”. Most drawdown in one trade was 100% if you include liquidations haha! Early on I made an order mistake on Bitmex which cost me a 25% account drawdown. That hurt but I never made that mistake again.

Given your financial advisory background, has it helped shorten the learning curve when you first started trading?

Honestly, not that much. It helped with market cycles and in quickly grasping the concepts of supply and demand and how that plays a role in price at any given level. With the actual discipline, psychology and execution of trading I had to fall over and over like everyone else.

What’s your trading strategy with RSI?

I only use RSI for spotting divergence. One of my favorite setups is a “3 drives” pattern into a high time frame level with a divergence showing.

Which metrics do you use to identify stop loss (SL) levels?

Usually the point at which market structure would break which invalidates my trade idea. I set my stop loss first then attempt to enter as close as possible. I have an article on my site that explains in more detail.

What is your preferred Risk:Reward (R:R) ratio?

1:3+ never lower

Do you have any tips for newcomers to calculate entry size with prefered SL level?

Yes, I cover this in an article that can be found here: https://tortoisetrading.co/risk-vs-reward/
(Total trading capital x %risk per trade) = $amount risked =

(Entry — stop loss) / entry = %difference = Position size in $ value
Start with a 1% account risk per trade

BBOD uses stablecoins as a collateral for futures trading. What is your opinion on stablecoins used for trading crypto derivatives?

I think it is perfectly fine. The long term BTC investor will argue to always focus on increasing your BTC stack but many can’t stomach the drawdown in USD. When trading any other asset class you trade vs fiat so you never(for the most part) need to worry about your collateral decreasing in value but in Crypto you have to balance your BTC value vs your USD value. For some, USD is more important and stable coins as a collateral solve their needs.

We love your trade journal on tortoisetrading.co! Will we be seeing more of those anytime soon?

Yes, I plan to return to posting these once I begin producing content again and overhaul the website. I always got great feedback from these and am disappointed in myself for not keeping up with it.

We are sure you have a gala time trading and traveling around the world! Do you have any tips for an aspiring nomadic trader?

I believe most people thrive when they have a daily routine. Like anything else, repetition and the proper habits lead to improvements in skill while requiring less mental/physical exertion. When traveling, I lost my routine and at times it affected my trading so I would recommend being vigilant in your trade planning and not letting any rules slide. When we think of traveling it’s all sunshine and smiles but in reality at times it can be exhausting and lonely. Block out time for exercise and things that make you happy outside of trading. Also, make time to not be in positions and enjoy the company of others.

Thank you for your time! We wish you great success trading cryptocurrencies!


Feel free to share your comments or questions in our Community on Telegram!

BBOD is a cryptocurrency derivatives trading exchange for retail and institutional clients. It offers a secure and transparent custody system, a marketplace to trade Bitcoin and Altcoins futures contracts with a stablecoin collateral and leveraged zero fee trading. The “transparent custody” feature means that BBOD does not hold either the clients’ digital assets or their private keys. Instead, a client has their own contract account on the Ethereum blockchain.

Challenges and lessons in Cryptocurrency Trading

In this edition of The Trader’s Perspective we interviewed Don Crypto Draper. He’s a crypto trader and investor since early 2017 who shared with us some challenges and lessons in cryptocurrency trading.

Could you please introduce yourself and your background in trading?

Hi, I’m Don, I’m in my 40s and in a few words, this is my history: I studied computer science, programmed for about 15 years then spent many years in ad tech companies, climbing the corporate ladder. About 5 years ago I realized many things at once about life in general so I started to change my goals and life philosophy, focusing on becoming financially independent among other things. I started investing in real estate, stock market and at the beginning of 2017, discovered Ethereum and the crypto space.

When and why did you start trading crypto?

Since April 2017 I started with crypto, first investing in Ethereum and NEO then slowly going more and more into Technical Analysis, trading tools and studying trading strategies. I had a very strong conviction when I first bought Ethereum at 70 dollars back then, that Crypto is going to change the face of the earth and definitely change my financial situation for the better.

Largest challenges when becoming a trader in a new space?

A traders biggest enemy is themselves and their emotions. Theory is different from practice and when you hit the buy button suddenly hundreds of thoughts of emotions go through your mind. If the trade goes against you, you panic. If you see the profits are going through the roof, greed is taking over.

Another big challenge is to always try to predict the market using multiple indicators and then blame the market when it doesn’t go your way. Lately I stopped using indicators almost completely.

Which cryptocurrency exchanges do you use and why?

Binance and Kraken are the main ones. Kraken is a good fiat gateway, a good way to get new money on the market, Binance is by far the most advanced and safe platform available. That’s not to say that it’s 100% safe, always keep the majority  of your funds on hardware wallets, not on exchanges.

Have you had the chance to try BBOD?

Yes I did and tested BBOD thouroghly before starting to trade alts (mostly short) on it. I was sceptical at first, but now I’m convinced BBOD should be part of any trader’s arsenal.

What was the biggest lesson you learned in trading?

There are many ways to trade, and any good trader develops their own style. Getting rid of emotions is the biggest challenge, stick to your strategy at all times, even if you lose. Losses are normal and part of the game.

How do you deal with a big loss?

I was liquidated on BitMex twice so far, sizable amounts. The first time was the hardest, I just couldn’t believe my eyes. It took a while to realise that my life continues the same way it did  before, and the loss is just in my head. Money is just numbers.

Greed or having a big ego – how important are these things when trading?

Very important. Greedy people with a big ego usually lose constantly, and lose big time. If you sell after 5% profit and the price goes higher, the best thing to do is to let it go and move on to the next trade. Not many are able to do that, the usual response is to FOMO back and buy higher which increases the risk enormously, especially in Crypto.

What sort of trading rules would you recommend our readers to follow?

See above, learn about TA, and try to define for yourself the kind of setups that you are willing to risk your money on.

What qualities make a cryptocurrency trader successful?

Cold headed, calm, confident, disciplined and an analytical mind.

Thanks for your time! It was a pleasure to have you here.


Feel free to share your comments or questions in our Community on Telegram!

BBOD : 🌏One World, One Exchange 📊

BBOD is a cryptocurrency derivatives trading platform for retail and institutional clients. It offers a secure and transparent custody system and marketplace to trade Bitcoin and Altcoins futures contracts with a stablecoin collateral. The “transparent custody” feature means that BBOD does not hold either the clients’ digital assets or their private keys. Instead, a client has their own contract account on the Ethereum blockchain.

Margin trading: how it works in BBOD

In this article you will find all the content from our second trading tutorial and learn about margin trading and how it works in BBOD. It took place on our Telegram group last Thursday 23-Jan. The community members had the chance to learn what margin trading in crypto is, how does it work, types of margin, long and short trades, margin calls/liquidation and more from our Head of Africa: Adebayo Juwon.

What is Margin Trading in crypto?

Crypto margin trading doesn’t have to be complicated. The basics of margin trading are relatively straightforward, so we’ll cut through the noise. Put simply: a crypto margin trade allows traders to “borrow” capital in order to access increased buying power and open positions far larger than their “real” account balance.

margin-trading-leverage

Margin trading allows you to go long and short positions by 2x, 10x or even 100x (depending on the platform) without having actually holding the capital required to open such positions. You have up to 50x on BBOD which means you potentially can earn fifty times more compared to a regular spot trade.

However, the crypto markets are highly volatile. The price fluctuations exhibited by them make it possible for crypto traders to make profits in both bear and bull markets through Bitcoin margin trading.

Types of Margin Trading

  1. Isolated Margin: traders are allowed to hold both long and short positions. The risk is evaluated separately.  If get liquidated, the trader will only lose his position margin. This means the maximum loss of the trader is the margin.
  2. Cross Margin: BBOD uses this type of margin. All the available assets will be seen as margin. A trader will be liquidated only when the loss exceeded the account balance . To avoid using all funds as collateral traders can manually isolate a part of their margin by transferring a specific amount of funds to their Spot Balance. This allows them to secure a part of their funds in the event of a liquidation.
margin-trading-bbod

Advantage: This mode is of high anti-loss capability. It is convenient to process and to calculate the position, thus it is often used for hedging and quantitative trading.

Understanding Margin Calls and Liquidation. 

If you open a trade and the market moves against you, it may happen that the exchange will ask for more collateral in order to secure your position or forcibly close the position.

Most exchanges will notify traders via email, but it’s important to actively monitor your margin levels.

liquidation-email-bbod

Example: Let’s assume that your initial equity is 1,000 TUSD. BBOD defines initial equity as your equity at the moment when you opened the position. When the loss on the position is greater or equal 1000 – 300 = 700 TUSD, your equity will decrease and will be equal or lower than the maintenance margin (300 TUSD). At this moment BBOD risk engine will force-liquidate all your positions.

What is Maintenance Margin?

Maintenance margin represents the amount of equity the trader must maintain in their margin account in order to keep the position open.

Going Long and Short

When you open a crypto margin trading position, you have the choice of “ short/sell” or “ long/buy.”

When a trader thinks the price will rise then he/she takes a long position. Going short, or “shorting,” is the opposite. A trader will open a short position if he believes the price will fall in value. Traders that seek to profit from falling crypto prices use shorting.

How to Go Long on BBOD: 

Go to the Market Watch and select your preferred instrument.

market-watch-bbod

In Order Execution, specify the order type, amount, and price. Place an order by clicking ‘Buy’.

Margin mentioned here right above the sell button signifies the margin required to open a position. This is 2% for BTC or ETH contracts. This means, if you want to open a 5000 TUSD position, you can open it using only 100 TUSD. (50x leverage / 2% Margin).

Stop loss places a market order when a certain price condition is met. So it works like a limit order, in that it goes on the books, but it executes like a market order once that price is reached.

If you want to close the position at your desired price, you should select ‘Limit order’, specify the price, and click ‘Sell’.

Settlement of unrealised Profits and Loss

Exchanges use different settlement periods which ranges from daily, weekly, monthly, quarterly or annually.

At BBOD daily Blockchain settlement occurs (at 00:00 UTC) and lasts for about 15 minutes. During this time blockchain balance is updated according to your platform balance.

Crypto Margin Trading Strategies

Margin trading is a high-risk investment strategy that depends on the short-term market movement. Compared to traditional securities or forex markets the crypto market is very volatile . 

Here are a few tips and strategies on how to be a successful margin trader:

Progressively increase trade size: As a margin trader, it’s best to develop a firm understanding of the practice by starting with smaller position sizes and lower leverage.

Understand order types: Margin traders often use combinations of order types such as stop loss and take profit in order to lower risk and open complex positions. These order types can assist by setting specific profit or loss targets and automatically closing positions.

Divide your positions: You can lower your risk by spreading a position into separate portions. Creating a ladder of take-profit levels allows traders to capture profits incrementally.

Pay attention to fees and interest: When you open a leveraged position you have to pay interest on the capital you borrow. Margin trading Bitcoin and other cryptos incurs ongoing fees that can quickly cut into your profits. You can take advantage of BBOD leveraged zero-fee trading to avoid paying fees.

Set up well defined goals and lower your risk: You should follow a concrete risk management strategy. This strategy should establish a clear profit goal and you should stick to this goal. Stop-loss levels and adhering to an exit goal are very important.

“And the last and the best advice: don’t be greedy.”

Advice for newbies – Oscar Status

In this edition of The Trader’s Perspective we interviewed Oscar Status. He is a full time trader and YouTuber. You can also follow him on Instagram. He shares his trading advice for newbies in this exclusive interview.

When did you start trading crypto? 

The truth is that I was quite reluctant to start operating in the crypto market because I was already doing very well trading futures, forex, commodities, etc. But in the end I was encouraged to open my first operation in Bitcoin in September / October 2017 approximately.

When and why did you decide to create your YouTube channel?

Well, the story is quite curious. At the end of 2017 I was still trading cryptocurrencies with the best benefits I have ever had per operation at the benefit / risk ratio level in my career as a trader. It was a time when anyone could earn by investing in cryptocurrencies. You only needed to operate price congestion to see how the price catapulted you to new highs in a new bullish movement.

Facebook started recommending me groups on cryptocurrency trading and I entered one to take a look. What I found was quite worrisome: an impressive number of people who did not even know how to write the word “trading” in the right way were trying to earn money “because their neighbor knew someone who had won”. They were being advised by many other people who called themselves “professional traders” for winning a couple of isolated trades in a market where it was almost impossible to lose money at that time. I started answering some comments and soon I began to receive private messages from people wanting to learn more about trading. I guess people quickly realized that I knew what I was talking about. Although there were also people who felt a little bad that my comments were so successful, haha!

This was how I immediately decided to create my own Facebook group and quickly, in a matter of days, it reached the first 1,000 people subscribed. I was very clear that I was there to try to help people, not to waste time in groups where everyone felt smarter than others. A few months later, with about 2,500 people in my Facebook group and after announcing and “saving” many people from the January 2018 crypto-crash, I posted my first video on YouTube.

Can you tell us what is your trading style? Are you a long-term or daytrading person?

I consider myself simply “a trader”. My income comes from the price movement, I’m aware of that and I will always operate moving markets, over time they could be different or they could remain the same. I spend 2-3 hours a day doing scalping or day trading in German Dax futures, 1 hour a day or a bit less doing swing trading in Forex, indexes, raw materials and cryptocurrencies, and I invest the money I earn with my trading in the long term.

How is crypto futures trading now compared to the time when you started?

By the time I started with crypto it was not possible to trade cryptocurrency futures, it was all about cash, haha! But in general the market has become much more complicated and less noble than it was at that time, including exchanges and platforms that survive today by jumping their customers’ stops instead of concentrating on giving a great service.

What was your largest gain in one trade? And what was the most painful lesson?

My maximum profit was 184% in a single operation in RIPPLE. It lasted from December 21st to December 30th, where I sold all the cryptocurrencies I had due to the news covered in all the newspapers that cryptocurrencies were the new technology that was going to change our lives (enough signal to sell everything you have). In fact, if my students review those days they will see that a black hawk scenario is fulfilled, which is one of the strategies we usually operate.

As for painful lessons, I really haven’t had any in cryptocurrencies. This is because I landed to the crypto market with years of profitability in other markets and nothing caught me by surprise at that time. Those painful lessons we all have to learn came for me a few years before 🙂

For newcomers: what should be trained first, mindset or technical skills?

Your own path will be clearly guided by the natural learning process. The first thing is learn the technique. Then train how to handle all the emotions that come to you above when applying that technique in real time. The opposite would be unfeasible. It would be like trying to learn how to be calm by throwing a penalty in the World Cup final without even knowing how to throw a penalty or even how to shoot the ball, haha!

What is your recommendation of TA tools and indicators for newbies?

None, the first thing is to learn to understand the price.

One thing is clear: What makes us earn money? Our benefits depend 100% on the price movements and its direction. An indicator can go up and the price stand still or even move in against and we will lose money. An indicator only draws price information in a different way, it can only be a follower of the price movement but never lead it. Therefore, it can be a good support to visualize something more immediately but it will never tell us how the price will move or give us signals on how to enter the market.  Does it make sense then to focus on the indicators if the movement that generates us money is that of the price?

How do you manage risk and how to identify stop loss (SL) level? 

I calculate stops by technical factors and calculate the entry volume in a way that if the stop jumps it will only equal 1% of my capital dedicated to that asset’s trading. When it comes to the crypto I have in the broker I usually have an amount equivalent to 3 stops, that is, 3%.

Any tips on this for newbies?

I share all my Stop Loss and Take Profit techniques 100% free in my trading course: www.oscarstatus.com

BBOD uses stablecoins as a collateral for futures trading. What is your opinion on stablecoins used for crypto derivatives trading?

The stablecoins are a world by themselves, it depends on the systems they have to maintain that stability. The “usual” cryptocurrencies like Bitcoin, Ethereum, etc. are marked to have a high volatility. That gives them limited utility if you need a stable value exchange. That’s when the stablecoins come into action, as they are coins that have a mechanism to maintain their value over time compared to a FIAT currency, for example. The quality of these stablecoins depends on the mechanisms they have to maintain their value. The closest to the Dollar value is the Dollar itself, that’s why it’s my first option. The second one to trade cryptocurrencies would be to use a futures market with a stablecoin. 

Any final advice to someone who is just starting out with crypto?

Patience. I always say that learning to be a trader is like studying a career at university, like Architecture, Engineering or any other. 

Here’s the reality: the market is a place where we are competing with entire buildings of employees (Google “JP Morgan building” to see it yourself). They dedicate their efforts to collect information and earn money in the markets. One cannot get there, if they have no idea of what trading is about, and aim to earn money after watching a YouTube video, or reading a blog post as this is an unrealistic goal. This is a process that requires dedication, effort and hours of training. Look for a person that earns money in the market. Especially check that his/her students earn money to certify that the knowledge ends up in their hands. Someone who is with you day by day, solving your doubts and helping you to improve, giving you the necessary advice for each bump in the way.

Thank you very much for participating in this edition of The Trader’s Perspective! We wish you successful trades!


Feel free to share your comments or questions in our Community on Telegram!

BBOD : 🌏One World, One Exchange 📊

BBOD is a cryptocurrency derivatives trading platform for retail and institutional clients. It offers a secure and transparent custody system and marketplace to trade Bitcoin and Altcoins futures contracts with a stablecoin collateral. The “transparent custody” feature means that BBOD does not hold either the clients’ digital assets or their private keys. Instead, a client has their own contract account on the Ethereum blockchain.

First Live Tutorial: Trading basics

In this article you will find all the content from our first trading tutorial, learn the basics of futures crypto trading. It took place on our Telegram group last Thursday 16-Jan. The community members had the chance to learn a lot about the trading basics from our Head of Derivatives Products: Kamil Skolarus.

Tutorial: Market trends

Trading is easy: you just need to buy low and sell high. That’s all. 

Judging when it is low and high is the tricky part. First off, it’s good to determine whether the market you want to trade is in trend or range.

dash-tusd-trending-market
Trending market example

According to the Investopedia, an uptrend describes the price movement of a financial asset when the overall direction is upward. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs. As long as the price is making these higher swing lows and higher swing highs, the uptrend is considered intact. Once the price starts making lower swing highs or lower swing lows, the uptrend is in question or has reversed into a downtrend.

dash-tusd-ranging-market
Ranging market example

A downtrend refers to the price action of a security that moves lower in price as it fluctuates over time. While the price may intermittently move higher or lower, downtrends are characterized by lower peaks and lower troughs over time.

Trendlines helps to determine where support/resistance areas are. In my own trading I use 100 and 200 period moving averages, volume, and try to find support/resistance levels utilizing trend lines and looking at prior highs and lows as price rejection areas.

trendlines-moving-average-dash
Example of trendlines

Tutorial: Trading basics

It is very important to have money management in place. For me personally it is the most important part of trading. I took my biggest losses in situations when I have entered the market with no emergency plan.

What to do when the market goes against you pretty quick?

It is very important to have money management in place. For me personally it is the most important part of trading. I took my biggest losses in situations when I have entered the market with no emergency plan.

Thinking “it just can’t go lower” or “it has to go up now” mixed with a leveraged position is a recipe for a margin call. It is easy to get caught in a downward spiral when you’re not ready to take a loss and it feels almost like you can’t get out. I believe most of us have been there.

Question 1: Mr. Kamil, for me it is very important the memory of the market and its fundamentals… for BTC its use and mining are important, but what about FUDs and its influences?

Kamil: FUD and FOMO are also market drivers, we can’t predict it, so we just need to react fast – that’s the only edge. Here I would like to quote Leo Melamed, board member of CME group, who once said:

“The market will test you, and do what you don’t expect it to do.”

Leo Melamed

Remember to always have a plan if the market is going against you. Use stop loss orders to decrease your losses.

Question 2: What is your thought about this premise to play in the market? “Only enter with the amount you are willing to lose.”

Kamil: Strongly agree with that. Always use stop losses guys! That’s why minimizing your losses is so important. Eventually at BBOD you can move part of your balance to a spot account. Using this solution you risk only the amount left on your perpetual account. That applies to both, BBD and TUSD collateral markets. Avoid averaging down – adding contracts to a losing trade. The only situation when I do it is when the market is testing support or resistance and I always place a stop loss for the whole position, just below support/above resistance.

Tutorial: Let’s talk about profits

Did you know that if you were to deposit 1,000 TUSD and earn just shy of 1% everyday, using compound interest you would end up with over 37,000 TUSD after 365 days of trading.

For 2% a day, your year-end balance would reach an astonishing 1.35 million TUSD assuming you are reinvesting the 2% gain every day. That is the power of compound interest. That is assuming you would make 2% profit every day, that’s why cutting your losses early is so important.

Try to place break even stop losses when your position is in profit. That will help to avoid turning winning trades into losing ones.

Remember: trend is your friend. Don’t fight the market; it’s always better to wait for a trend reversal confirmation rather than trying to guess the very top/bottom.

Also, set your profit target before entering into a position. Give your position time to reach your profit target and try to avoid closing it on first pullback. Don’t cut your profits early.

Controlling your emotions and stick to the strategy: these are just a few basic trading rules that can significantly help you improve your trading.

Some trading strategies

I determine when to enter using 100 and 200 period moving averages, volume, and try to find support/resistance levels utilizing trend lines and looking at prior highs and lows as price rejection areas. 

First Single Position Strategy:

  • Enter with a small position and add to a winning trade as the market moves.
  • For a long position just place bids near support areas.
  • Avoid chasing the market and buying highs – be patient.
  • Remember to always set a break even stop loss (stop loss is a few ticks above average entry price).
  • It might get ugly in a hurry when the market drops significantly and you are left with a massive losing position.

Utilizing this strategy you can get to max leverage with very little risk. Set take profit point – the market will not trend forever and you will get stopped out eventually if you won’t take the profit.

This strategy works in trending markets, and its biggest advantage is that you risk money only with the initial trade. Especially in strong trends like the ones we have recently seen in the crypto space. 

Second Single Position Strategy:

I like to use this simple scalping strategy in a ranging market. Zero fee markets are perfect for this kind of strategy, as trading fees are your biggest enemy if you are a scalper. Lets say BTC is ranging in 8,600-8,630 range. As a scalper you want to open short close to 8,630 and reverse to long close to 8,600, and do it until the price breaks out.

Remember to place stop loss orders as range breakouts tend to be sharp moves. This strategy works in ranging markets.

Multi Position Strategies:

It’s hard to encapsulate these in a few sentences. The most basic one is to buy one cryptocurrency and sell another to make a spread.

This strategy in general protects against sharp crypto moves because you do not have net long or short exposure. To hedge even more you can buy a few cryptocurrencies and short a few of them to build a diversified portfolio. Just remember that the value of long and short positions should be equal.

Let’s say ETH moved 8% in one day and is approaching resistance, and BTC moved only 3.5%. It’s good to sell ETH and buy BTC in that scenario. To make a symmetric spread, both positions should have the same value.

This strategy relies on the assumption that cryptocurrencies are positively correlated, so BTC should catch up or ETH should fade the rise.

It is important to decide when you want to close the spread to limit eventual loss – imagine shorting dash at 60 TUSD/contract… on the other hand it could be very profitable to short BTC and long ETH in recent days, as the ETH rise occurred a few days after the initial BTC burst.

You don’t have to close both positions at once. If the market rallies and you think it is going to go even higher, you can close a short position, add to your long position on a retrace and set a stop loss that would make up the loss realized on the closed short position.

That’s all for this session! I hope you enjoyed this tutorial and learned some new skills.

BBOD Leveraged Zero Fee Trading

Leveraged zero fee trading is a unique use case for BBD tokens introduced by Blockchain Board of Derivatives. To better understand this use case, let us start right from the origins of trading!

Trading or exchanging value amongst each other has always been around since the advent of time and human beings have evolved with trade being a central part of their lives. 

The Barter System

Exchanging value with each other was enabled by the dawn of the barter system. This exchange of goods and services provided significant value to the community. However, this was a complicated process. The supply and demand requirements of any particular exchange of goods and services were disproportionate. 

The Rise of Currency

Eventually, this led to the rise of the currency. Currency, a seemingly made up object had a certain value inside a community. It could be used to buy goods or services without the need for a barter. However, outside of a particular community, it had no value.

Kingdoms & Taxes

Communities grew larger over time which gave birth to kingdoms. These kingdoms took up the job of regulating the trade of goods and services. They had exclusive control over the currency and demanded fees from its citizens in the form of taxes. These taxes were demanded by the kingdoms to keep everything in order and maintain fair trade. The citizens of kingdoms willingly agreed as this opened doors to trades across kingdoms.

In these scenarios we see, as a small knit community, nobody had to pay taxes to maintain the currency. It was a trusted network where everyone in the network was fair and just. As time went on, bad actors came into play and taxes were a necessary evil. 

The invention of Bitcoin

Jump to present time, the invention of Bitcoin changed the way trustless transactions took place over the internet. One could now depend on a trustless network of computers to fairly execute a transaction and get rewarded for their efforts. This reward is merely a negligible fraction of the transaction. The miners that facilitate the transaction also get a fraction of the mining pool. This was a breakthrough in itself. 

Exchanges & Fees

Most exchanges that operate in the Cryptocurrency space have been making a killing in fees. Exchanges that provide leverage upto 100x and some even 125x do this as more leverage means more fees. Most exchanges go against the very idea of blockchain and cryptocurrency. They wouldn’t openly tell you this but most exchanges control all your funds. You can read about these exchanges and the timeline of hacks here. 

BBOD & ZeroFees

This is where BBOD comes to the rescue. Our team at BBOD firmly believes to uphold the sanctity of the blockchain. We believe in the idea of a decentralized economy and we can talk about hours at end on Blockchain and its applications. We have also implemented a non custodial solution that settles P&L on the Blockchain. Transparent & honest – the way we like it.

We see high fees being an minor inconvenience to some traders and to the idea of a free trade marketplace. We decided to address this by introducing Leveraged Zero Fee trading at BBOD.

The way this would work is, all traders that hold BBD tokens can trade the Leveraged Zero / TUSD contracts on BBOD for free!

All zero fee contracts have a suffix of Zero in the contract and they are named as BTC Zero / TUSD, ETH Zero / TUSD and so on.

How It Works

To understand how zero fee trading works, let us consider a simple example here.

In the BTC / TUSD contract, collateral is the underlying TUSD and your P&L settlement is calculated in TUSD.

In the BTC Zero / TUSD contract, the collateral required is BBD tokens. Your P&L settlements are calculated in the form of BBD tokens. 

Suppose the BTC / TUSD contract is trading at 7000. The price of the BTC Zero / TUSD contract would be also approximately at 7000.

To open a position of 1 BTC at 7000 in the BTC / TUSD contract leveraged at 50x, you need atleast 140 TUSD. This is the 2% initial margin required.

To open a position of 1 BTC at 7000 in the BTC Zero / TUSD contract leveraged at 50x, you would also need atleast 140 BBD tokens. This is the same 2% initial margin required as shown for the BTC / TUSD contract.

To understand the working of Zero Fee in more detail, read our in depth description on the working of Zero Fee Contracts!

Token Economics & Vision

To avail zero fee trading, traders must buy BBD tokens. This is bound to increase the demand and value of BBD tokens as the total supply is capped. 

Most trading platforms are do not support zero fee trading. But Blockchain Board of Derivatives believes in the power of the community and has created a platform that has more emphasis on value, less on fees.

BBOD’s vision is inline with the decentralized architecture of Blockchain. BBOD’s aim is to create a platform where you don’t pay obscene amounts in fees. A platform where the exchange does not trade against your positions. A platform where you can experience transparency and honesty.

Leveraged zero fee trading is a pretty cool use case of BBD tokens. We would love to hear your thoughts about it!

For more details about Leveraged Zero Fee Trading, feel free to visit https://bbod.io or contact us at https://t.me/BBODCommunity!

These are a few of the zero fee contracts you can trade right away!

BTC/TUSD Zero Fee Contract (leverage upto 50x) – https://bbod.io/platform/symbol/CFX/BBD/BTC

ETH/TUSD Zero Fee Contract (leverage upto 50x) – https://bbod.io/platform/symbol/CFX/BBD/ETH

BBD/TUSD Spot Market – https://bbod.io/platform/symbol/SPOT/TUSD/BBD

Happy Trading!