OlympiadTutor's Posts
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Tohsynetita1:Yup. This is the problem. ASUU knows that they won't be able to raise shi shi from transcripts considering the economy. This is the reason I suggest that they consider restructuring the system completely. Regardless of whatever anyone says, we simply can't continue like this. Our university system here is really a mess. |
Tani Adewumi is on the cusp of becoming one of chess' youngest-ever grandmasters just five years after fleeing terrorism in Nigeria. It is an incredible story that is set to be turned into a Hollywood film with Tani, 12, admitting he was 'trash' as he tried the new hobby after arriving in the United States. The family were forced to leave their lives behind after Boko Haram terrorists pointed a gun at mother Oluwatoyin's head, simply because her husband Kayode was a devout Catholic. She recalls the frightening tale while her kids were in the other room before admitting they faced a 'life or death' decision, given an escape route by Kayode's uncle living in Dallas. The family later moved into a homeless shelter in New York where Tami asked his parents if he could join a local chess club - simply because it was the cheapest option available. Tani entered his first tournament with a rating of 105 - the lowest being 100 in chess - but spent around 10 hours a day practicing on a second-hand board and his dad's computer. Less than a year later, he was state champion. “I lost all my games — 10 in a row. We don’t know much about chess in our country. They don’t play much. They play football," he told the New York Post. "Then it just started coming to me. It’s like a magnet sticking to metal. It’s like when a tennis ball comes to a tennis racquet, you just have to hit it back.” After becoming state champion in 2019, he went on to finish second in a national competition in Florida in the same year. His rating has jumped considerably since then and currently stands at 2364. The rating needed to become a grandmaster is 2500, with the record for the youngest player to do so at 12 years, 4 months and 25 days. Tani turned 12 in September and hopes to emulate chess legend Bobby Fischer. Source: https://www.mirror.co.uk/sport/other-sports/nigerian-refugee-12-who-fled-28503074
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Ebubu:Thanks for your submission and I understand your logic. I think they should try the court case as well. Something that I missed. All in all I don't believe it would be wise if they let it slide. |
The5DME:I am not clamoring for any strike. 5 years there was an exaggeration. It's like saying "I will not eat until I'm done with my assignment even if it will take me a week". There are so many things in this write up that you can criticize, leave sentiments aside and criticize them. Thanks. |
BadGenius:Is the 5 years strike the only thing you read? It was clearly an exaggeration. It's like saying "I don't mind not sleeping for a week", why do we like sentiments like this in this country kwa. Na wa oh. |
Ebubu:Come on. You should understand that 5 years was clearly an exaggeration. Why is everyone even interested in the 5 years strike? Is it the only thing that I wrote up there? Or is it that we like sentiments? Na wa for us oh. |
I was expecting ASUU to continue fighting the good fight they started despite the pressure from the so called Industrial Court. However, since they decided it was best to end the strike I strongly suggest they never stop fighting. Right now ASUU needs to consider an alternative source for funding of university education. One way to do this is to transform 90% of universities to SKILLS ACQUISITION CENTERS. The skill acquisition centers will train students in areas such as Fisheries, Farming Techniques, Manufacturing, Control Of Industrial Machineries, etc. The money the government is currently wasting in the name of subsidizing education would be used to set up industries to employ successful graduates from these training institutes. According to the federal government, they spend about 900k per year for each student in federal universities as subsidy. If we assume that we have 50 thousand students in UNI A alone. That's about 45 Billion naira The irony is that most of these graduates of this Uni A alone would not find employment for years after graduation. The few that finds the job would be underpaid. Imagine if these students were taught practical skills and the money wasted on them in the name of subsidy was used to instead empower them. Nigeria would really boost their manufacturing capacity if this is implemented. We would advance in the areas of Agriculture and become a major player in the global community. This would boost employment and reduce the price of foodstuffs. The remaining 10% of our universities would be reserved for strictly academic studies. Here we train our medical practitioners and Engineers, research scientists and economists. We badly need to transform education and I am calling on members of the ASUU to consider my submission. If ASUU is not willing to consider an alternative source of funding then I strongly suggest that they embark on total and indefinite strike even if the strike will last for 5years let them do it. One thing is clear, our education system, especially tertiary education in Nigeria is almost dead and we need to act as a nation to arrest this pandemic. I believe that this is front page worthy @seun, @lalasticlala |
Of course we must question the sanity of any Nigerian that votes for Tinubu. We could as well erect a statue as a president instead of appointing a man from his sick bed, the former would save resources. For your online Tutoring on Science and Mathematics. Join me on Telegram via @Chetuyamath |
If only these people in power are interested in a better Nigeria. However. I am interested in a better education for Nigerians and the world. For your online lessons that includes Math Tutoring Assignment help Project Writing. Please reach out to us on Telegram via @Chetuyamath |
Mivici:You're stepping into a scam business. Next thing they will ask you to "invest" a small amount like 10k-20k for either your forex training or trading. They will show you pictures of fake life that they live and then claim to make millions monthly just by sitting at home and placing trades. Please guide yourself and make sure that you don't fall victim. |
MapleBae2020:No. I don't mean percentage LONG or SHORT. When the price of an asset increases by a significant percentage it means that more Institutions are buying it and similar arguments holds for Institutions selling as well. Please stop Futures Trading as soon as possible if you are just learning. You cannot learn by trading more, that is how real life works but that's not how trading works. When you play Chess it is possible to learn from your mistakes by looking at your blunders and working to correct them. But you cannot grow as trader simply by just trading. The reason is very simple. It is possible that your Analysis on a trade may be logically sound and yet you would still lose that particular trade and on other hand, you may do something extremely foolish and still win that trade. You may even be trading rubbish and still win 10 trades in a row. This success may fool you into believing you're now a guru until the one time your foolish trading does not work and you incur serious losses. You cannot become a better trader by just repeatedly trading because you cannot get honest feedbacks from the market. In fact, for the next 6 months you should have no business with trading anything. Go and study in depth, you need to properly educate yourself if you really care to take trading as your career. Stop wasting hours on YouTube also. |
When DCA ( Dollar Cost Averaging) Can Get You In Trouble. Everyone is probably familiar with this entry technique so I won't bother explaining how it works but rather discuss its advantages and disadvantages. There are two situations where DCA can be used. Situation 1: When you're in profit. In this case suppose that you purchase BTC at $38k, you buy more at $40k and then also a little at $42k. If the market reverses against you at $42k, you can get out of the trade, in this case you would have made profits on your previous trades and then get out at break even or with a small loss from your last trade. This is one way to use DCA, only buy more when you are in profits. The advantages here is that it is safer because you are buying with the trend, as prices keeps climbing buyers may become convinced that we're in a bull trend and they will FOMO in and thus driving the market higher for you. The known disadvantage of this method is that you may buying at the top on your last purchases but that is not really a problem. At you least you get to exit with a small loss and your previous profits will take care of that for you. Situation 2: When you're in a losing Position. This happens when you buy Solana at $180 and then you decide to even buy more at $160 and then more at $150 or $140. In this case should Solana revisit $180 again, you will be in profits on all your earlier Purchases and be at break even on your first Purchases. This particular method of entry is extremely risky because "You are adding to a losing position". Infact, if you are going to DCA when you're losing. Make sure its not money you intend to touch for the next 6 months, just imagine buying Sol at $180 and you've been DCAing up until $100. Tying down your trading capital and your mental health is not the way to approach trading. Yes this may work for you for 99 times, but the one time that this would not work out, that one time can wipe out your entire profits you spent months building up. Most people trading Futures, when they're about to be liquidated, they go to their spot wallet to add more money to their Futures wallet to maintain their position. As a trader you have no business maintaining a losing position. This may work for you for 99 times but the one time this will fail. It may kick you out of business leaving psychologically damaged. One thing that makes traders make this trading mistake is that they make assumptions that are baseless like "The market has gone up too far, it will definitely soon fall or the market has gone down too much, it will rise soon". This is not the way to approach the market, the market can do whatsoever that pleases her, your job is not to make assumptions, your job is to look at your charts and follow what the market is doing. Institutions are the market movers and the only way you can make money as a trader is to do what the Institutions are doing. If price is going up, it means that enough Institutions believes the commodity is good for Purchases. This will appear on your charts as well and you should buy because that's what the Institutions are doing. Your job is to do what the Institutions are doing. If prices are falling then Institutions are selling and you should sell, don't claim that your TA or FA says prices should go up, if enough Institutions believes the market is overpriced then they will sell and prices will fall. Your job is to sell too and not claim that your TA or FA says prices should go up. I am always ready to change my opinion anytime in the market because my goal is to make profits and not dictate what the market ought to be doing. Final Lesson: Never DCA when your portfolio is bleeding because the one time that this will not work for you can cost you your entire trading account. Only DCA when your Pocket is very deep and you may not be needing that capital for some months or even a year. I know this may go contradictory to what most people say or do here but it's the truth and it has to be spoken. |
Luckyss:This happens to even professional traders. But if it almost happens to you all the time. I think your Entry is the problem. What do you actually trade? Pullbacks? Breakouts? Ranging Markets? |
MakelemiJnr:Tradingview has a Paper Trading platform. You can add Futures Contract and trade it as if it's your real money. Simulated trading is good in my opinion, so long as you trade it like your real money. |
cherryCola:I am not condemning anybody and I am not selling anything. I was only stating a fact. Do some Backtesting in this strategy and confirm what I'm saying. |
Hamzashaf99:Here's an example of a video tutorial teaching the famous "Moving Average Crossover" Trading Strategy. 666k views with thousands of people in the comments giving positive feedbacks. However, everything in this video in almost a lie and this particular strategy has about 70% failure rate and if you decide to trade based on the information provided here. You will never make money in the market. (Video link: https://www.youtube.com/watch?v=QYhjhTfOmkY ) You don't even need to be a guru to know that everything discussed in that video is a lie. All you need is an understanding of what moving averages are. I can explain why everything in the video is false if you are interested though. Fact is that there are millions of other similar videos on YouTube teaching techniques that either do not work at all or they do but have a very high failure rate for it to guarantee success. Books are the best, Technical Analysis of Stock Trends by Edwards and Magee is a book I suggest you read in depth. It is quite old but that is what most business schools recommends even till today. However you cannot make money trading the patterns discussed in that book alone. But when you complete that book I give you access to a free trading course created by a professional trader that has worked firms and managed portfolios for Mutual Funds. Why can't I recommend the course for you now? Because it is slightly advanced and you need foundation to handle the technicalities in that course. Anybody telling you to "buy my course" and become a professional trader, 90% of time that trading course you are going to buy won't do you any good. Only you can really train yourself to navigate this market.
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Goldbw122:There is no best indicator to use. It all depends on your trading style and personality. Please avoid YouTube video tutorials on those indicators as well. 99.9% of them are garbage. |
seunmsg:There is no reason to sell FTM now. FTM may very well dip lower to $1.26 but that is only normal. There is not a single sign of any massive sell offs on FTM. Until then there is no reason to panic sell. |
jyz200:It's not like they don't understand it. Most humans are psychologically disposed in such a way that they would never take responsibilities for their actions. They would never want to accept that they lost because of bad entry, rather they lost a trade due to "market manipulations", "TA does not work", "Candlestick patterns are garbage" etc. Some even claim that crypto is not forex or stock whilst forgetting that it's the same humans that trades all markets. I remember the first week I went to Futures. I made so much profit that week. Whenever the market is going up I enter LONG, when it's falling I SHORT the Market. Then I did not know any Technical Analysis and was only trading with my weak knowledge of Support and resistance and candlestick charts. The next week I lost all my profits plus my capital. One thing about trading is that if you don't know what you're doing you will eventually lose all your money. You may win sometimes due to luck but the reality is that you will lose terribly if you don't educate yourself properly. To cut the long story short. I did not blame the Market, I instead blamed myself. My dear I spent 5 months intensively reading books, gathering knowledge and doing stimulated trading on Tradingview. I made back all my losses because I took responsibility for my actions instead of running around the internet shouting "Market Manipulations" or "TA is garbage". |
Pascopele:There is nothing wrong with Futures Trading. You just did not have enough preparation in Technical Analysis before deciding to trade Futures. With proper education anyone with a good enough determination can make a living trading the Futures market. |
For those looking forward to buy FTM. $1.68 is a very good price to buy. Although there are possibilities that FTM would dip to $1.3 and then $1.26 but it's wise to buy a little now and then DCA on the next dips. |
TRADE MANAGEMENT 101. Often enough we hear a plethora of people asking the very old "When do I buy"? and "When Do I Sell"? questions and today I have decided to give a general answer to these questions, this will particularly be useful for those that are not interested in Technical Analysis. **Markets Have Inertia.** For those of us that are unfamiliar with Physics, Inertia is the tendency of a body to continue doing whatever it is doing. If a body is in motion then it will continue to be in a state of motion unless a greater forces acts on it and forces it to either be at rest or reverse direction. This principle is prevalent in Market movements as well. If a stock or commodity is in an uptrend, It will continue to move upwards and 80% of all attempts to reverse that uptrend will fail. Similar reasoning holds for a stock or commodity in a downtrend. Hence, If you notice that on Friday BTC was in an uptrend, and it was also in an uptrend on Saturday as well, then chances are high that it would also continue the upward journey on Sunday and even on Monday. If there is a massive sell off on Friday and it even continued till on Sunday, then chances are high that the sell off would continue the for the next 3 days. Use the 80% rule to manage your trades: You bought BTC and you already made 20% profit and you want to sell, then I suggest you don't sell, since the commodity has been up for 3 days now, just continue riding and do not chicken out, chances are high that it would continue moving upwards and 80% of all attempts to reverse the upward trend will fail. Here's a Good example, BTC has been in a downtrend for several months and so far, all attempts to reverse the downtrend failed. This is because Markets have Inertia and they tend to continue doing whatever it is they are doing. Although I must admit I never use this 80% rule to buy or sell, I use it to manage my trades, If bought and also made $100 in profits and then I start seeing red candles and now my profits is $90. I do not sell because I trust the trend, the only time I consider selling is when a Double Top has formed and breakout point has been tested again, that is why I accept that the upward trend is over. You don't have to exit your trades because of some red candles because you may be trapping yourself out of potential profits. |
Agentsalt:Wait for today's daily and weekly candles to close first. |
09sixteen:For me I would personally postpone buying for now and observe how BTC handles this resistance level. If it breaks above it then we can all be happy and start buying but if gets rejected at this level it's really going to be bad for the market. However I will still do TA on KP3RUSDT. The Channel bounded by yellow trendlines is a "Bull Channel" which is also called a "Bear Flag" because majority of the time the breakout is downward. Which KP3R did. Usually what follows a breakout of a Channel is a 2 legged correction lasting at least 10 bars. If this turns out to be the case here then it's wise to suspend buying until KP3R tests the $614 in green. However, if we don't get a 2-legged correction then KP3R would have to trade within that Rectangle in blue and it would fluctuate between $850 to $970. You should only consider buying when the daily candle closes above $1000. Now it's best to be calm.
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kintus:If someone does not find Technical Analysis useful I usually keep my mouth mute. The purpose of trading is to to make profits and nothing else. Institutions are the market movers, every second they have supercomputers placing limit orders for them,they enter and exit Positions with millions of dollars at stake. How do you think they trade? Their employees are on CNN or Twitter reading news and Tweet and then they suddenly program their supercomputers to place orders based on the news? That would be ridiculous. Just ignore anyone that complains about TA. We're all here to make profits and if they have a strategy that works for them then that's fine. |
OlympiadTutor:We already found a support zone. It is relatively safe to buy now take profits at around $3.4 and $3.6 as Targets. Our stop loss would be at around $3.16 The worst that can happen to this trade is that CRVUSDT would dip to do a Technical test of that region in blue or even break below it. But BTC would have to dip further below for this to happen. Outside these conditions, the trade is worth taking so long as you can watch it with a tight stop loss.
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Dailyparrot:You bought at the top. Although it may look red when you were buying but you were actually buying at the top. The arrow in the image below shows the price at which you bought. For now we cannot say that you are hopeless but all I can say is that this coin will continue dipping until she breaks above that Trendline in Red.
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solreb:This is the Hourly Chart of CRVUSDT Perpetual Contract. She has just been going through a retracement and if BTC can do rally up to $40k - $41k levels then CRV will most likely touch $4 before resuming the downward journey. If you look at the image below, she is struggling to find a support level. The red line I drew is not in any way a support zone, I just drew it there to indicate that CRV is searching for a footing. Once she finds a footing, you can extend that red line to that foot and call it her support zone. If she finds a support then you should wait for price action before buying or you may even buy immediately, It just that she may waste time around that zone trying to create a Double Bottom but whatever happens. You can buy around that zone. The line in Green is fixed and it's a Resistance line, if you buy around the Red zone(Support) place your sell order around the green zone(Resistance). I will still observe CRVUSDT and I will definitely come back here whenever she finds a support zone. That is where we buy and we will sell when she touches Resistance. Notice that she may very well break through the resistance but for now I don't think she has the capacity to do that unless BTC is finally ready to revisit the $39k zone. Happy Trading.
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armadeo:We are only experiencing some pullbacks which are normal and healthy. BTC is still on some super downtrend. Just don't be carried away and start buying without monitoring your trades because if you do, you will be caught offside when the massive sell offs resumes and you will be carrying a bag of losses until BTC is done touching whatever bottom she finds attractive. |
Sydneysheldon:She's experiencing some pullbacks for now. Our target is to retest the trendline. Usually when prices breakout of a trendline without sufficient buildup then it usually retraces to retest the trendline before resuming the upward momentum. For now we expect her to dip to $372. If this level does not hold then you should buy at $362. As you can see BNB has been trading within range for days now( Rectangular channel in blue). So if prices eventually gets to $362 - $372 zones. Buy and take profits at $392 - $417$.
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solreb:The "Tutor" attached to my name is there because I am a Mathematics Tutor. Although now I rarely teach Mathematics and only do so on demand and it's always online via a virtual whiteboard. I don't have any channel or subscription program. It is just way too early for such things. If you want my TA on any asset then you can simply mention me and I will do it for free when and only when I am free, but I will definitely do it. |
The best strategy is to wait for btc to crash really hard before buying alt coins
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