Learn to Trade Profitably with Trader Cobb 1

Learn to Trade Profitably with Trader Cobb

Trading
• Digitex Futures
August 10, 2020

If you read Fridays blog post, then youll know we have a stellar lineup of educational content coming for the DFE. Trading profitably is both an art and a science, but anyone can learn it, given the right tools. Here, we dive into whats coming up starting this week, from pro trader and educator, Trader Cobb. Read to the end to also find out whats coming up this week on the DFE.

Craig Cobb, better known as Trader Cobb, is one of the best-known pro traders and crypto trading educators in the business. He has over 15 years of experience, having started out in the traditional markets trading forex pairs, stocks, bonds, and commodities.

For the last three years, he’s been fully dedicated to cryptocurrency trading. With over 10,000 students around the world, there is nobody better to help you unravel the mysteries of scalp trading on the Digitex Futures exchange.

Over the course of four separate webinar sessions, Craig will teach you the tools he has learned to use over his 15-year trading career. These tools will help you increase your chances of trading success, decrease your loss risk, and take emotions out of the process so you’ll trade based on facts.

You’ll receive a complete trading strategy with a checklist to follow as you go. You’ll also get a trading business plan. Craig is a firm believer that trading isn’t just about charts – you should treat it as you would a business. So you’ll also get a trading business plan to help you as you transition from developing your trading hobby into a business.

How to Join

The best news is that joining Craig’s webinars is completely free! There are only two simple prerequisites. Firstly, you’ll need to have an account on the Digitex Futures exchange so that you can follow along with the webinar instructions. Secondly, you should sign up for the webinar on the dedicated registration page.

That’s it! All you then need to do is turn up on the dates, and watch and learn as Craig unveils his trading strategy over four separate sessions.

Webinar Schedule of Events

The full schedule of events is as follows. Please note that as Craig is broadcasting from his home in Australia, the timezones given are in Australian Eastern Standard Time (AEST). We’ve provided times here in UTC too.

Part 1: High Probability

Thursday, August 13, 2020, 9 pm AEST/11 am UTC

Every building needs solid foundations, and your trading business and plan need the same. This chapter will help you to plan out the type of trader you will become and provide you the blueprint that you will create with Craig’s guidance to move forward through the chapters. Trading is a business and we need to plan it!

Part 2: Master Price Action

Thursday, August 20, 2020, 9 pm AEST/11 am UTC

When you bake a cake you need to know the ingredients for that cake, you don’t need to know about cooking a lasagna. Craig will focus you on the ingredients needed to bake the perfect trade – process-driven, outcome-based, and zero emotions. You’ve got that here.

Part 3: The Crypto Cradle Strategy

Thursday, August 27, 2020, 9 pm AEST/11 am UTC

This is what most people have been waiting for! In parts 1 and 2, you have set out to plan the type of trader you wish to be and learned the ingredients to be ready for this part 3.

You’re now ready to learn and use the “Crypto Cradle” strategy; arguably the most common trading set up out there.

Part 4: Management of Risk, Mindset, and Progress

Thursday, September 3, 2020, 9 pm AEST/11 am UTC

You have the strategy from the first three webinar episodes of this series, you have the scans and watch list videos, and now it’s about keeping your headstrong and keeping the account growing!

Especially if you’re new to trading or scalping, you don’t want to miss this series. Make sure you sign up before the start time to secure your slot and share it with any of your friends who want to learn more about profitable scalp trading on the DFE!

What’s Coming Up This Week on the DFE

Along with Craig’s webinars, we have some much-anticipated updates to the DFE being rolled out this week. First up, the API will be launched on mainnet, allowing algorithmic traders to plug in their bots and trade automatically for the first time. We know that the API has been in demand ever since we started onboarding traders to the mainnet, and we’re looking forward to the further injection of liquidity that it will bring to the DFE. Watch the blog for a video from Cryptrader explaining how to use it.

Secondly, we explained last week that we are closing the Digitex Treasury and replacing it with the DGTX Converter. The Converter will allow users to deposit a variety of cryptocurrencies, including BTC, ETH, and USDT, onto the DFE and convert them to DGTX so they can start trading with zero fees.

The development team has been working extremely hard to bring this to life, and we’re pleased to confirm it will go live on the testnet later this week. As soon as it’s proving to work without any issue, we will migrate it to the mainnet.

Keep watching the blog for more updates about DFE features and functionality, as they happen. And if you want more information about what to expect, check out our recently published roadmap, which lays out everything still to come in 2020. Stay tuned!

August 10, 2020
Trading

Learn to Trade Profitably with Trader Cobb

Digitex Futures
Learn to Trade Profitably with Trader Cobb 2

If you read Fridays blog post, then youll know we have a stellar lineup of educational content coming for the DFE. Trading profitably is both an art and a science, but anyone can learn it, given the right tools. Here, we dive into whats coming up starting this week, from pro trader and educator, Trader Cobb. Read to the end to also find out whats coming up this week on the DFE.

Craig Cobb, better known as Trader Cobb, is one of the best-known pro traders and crypto trading educators in the business. He has over 15 years of experience, having started out in the traditional markets trading forex pairs, stocks, bonds, and commodities.

For the last three years, he’s been fully dedicated to cryptocurrency trading. With over 10,000 students around the world, there is nobody better to help you unravel the mysteries of scalp trading on the Digitex Futures exchange.

Over the course of four separate webinar sessions, Craig will teach you the tools he has learned to use over his 15-year trading career. These tools will help you increase your chances of trading success, decrease your loss risk, and take emotions out of the process so you’ll trade based on facts.

You’ll receive a complete trading strategy with a checklist to follow as you go. You’ll also get a trading business plan. Craig is a firm believer that trading isn’t just about charts – you should treat it as you would a business. So you’ll also get a trading business plan to help you as you transition from developing your trading hobby into a business.

How to Join

The best news is that joining Craig’s webinars is completely free! There are only two simple prerequisites. Firstly, you’ll need to have an account on the Digitex Futures exchange so that you can follow along with the webinar instructions. Secondly, you should sign up for the webinar on the dedicated registration page.

That’s it! All you then need to do is turn up on the dates, and watch and learn as Craig unveils his trading strategy over four separate sessions.

Webinar Schedule of Events

The full schedule of events is as follows. Please note that as Craig is broadcasting from his home in Australia, the timezones given are in Australian Eastern Standard Time (AEST). We’ve provided times here in UTC too.

Part 1: High Probability

Thursday, August 13, 2020, 9 pm AEST/11 am UTC

Every building needs solid foundations, and your trading business and plan need the same. This chapter will help you to plan out the type of trader you will become and provide you the blueprint that you will create with Craig’s guidance to move forward through the chapters. Trading is a business and we need to plan it!

Part 2: Master Price Action

Thursday, August 20, 2020, 9 pm AEST/11 am UTC

When you bake a cake you need to know the ingredients for that cake, you don’t need to know about cooking a lasagna. Craig will focus you on the ingredients needed to bake the perfect trade – process-driven, outcome-based, and zero emotions. You’ve got that here.

Part 3: The Crypto Cradle Strategy

Thursday, August 27, 2020, 9 pm AEST/11 am UTC

This is what most people have been waiting for! In parts 1 and 2, you have set out to plan the type of trader you wish to be and learned the ingredients to be ready for this part 3.

You’re now ready to learn and use the “Crypto Cradle” strategy; arguably the most common trading set up out there.

Part 4: Management of Risk, Mindset, and Progress

Thursday, September 3, 2020, 9 pm AEST/11 am UTC

You have the strategy from the first three webinar episodes of this series, you have the scans and watch list videos, and now it’s about keeping your headstrong and keeping the account growing!

Especially if you’re new to trading or scalping, you don’t want to miss this series. Make sure you sign up before the start time to secure your slot and share it with any of your friends who want to learn more about profitable scalp trading on the DFE!

What’s Coming Up This Week on the DFE

Along with Craig’s webinars, we have some much-anticipated updates to the DFE being rolled out this week. First up, the API will be launched on mainnet, allowing algorithmic traders to plug in their bots and trade automatically for the first time. We know that the API has been in demand ever since we started onboarding traders to the mainnet, and we’re looking forward to the further injection of liquidity that it will bring to the DFE. Watch the blog for a video from Cryptrader explaining how to use it.

Secondly, we explained last week that we are closing the Digitex Treasury and replacing it with the DGTX Converter. The Converter will allow users to deposit a variety of cryptocurrencies, including BTC, ETH, and USDT, onto the DFE and convert them to DGTX so they can start trading with zero fees.

The development team has been working extremely hard to bring this to life, and we’re pleased to confirm it will go live on the testnet later this week. As soon as it’s proving to work without any issue, we will migrate it to the mainnet.

Keep watching the blog for more updates about DFE features and functionality, as they happen. And if you want more information about what to expect, check out our recently published roadmap, which lays out everything still to come in 2020. Stay tuned!

Latest News

Cryptrader

How to Use Leverage with Cryptrader

Trading
• Sarah Rothrie
June 3, 2020

Today, Cryptrader returns with another of his educational videos demonstrating live trading on the DFE mainnet. This time, he explains how to use leverage by calculating your desired position size based on a managed approach to risk. 

Cryptrader filmed this video yesterday when Bitcoin saw some of the most significant volatility since Black Thursday in March. After breaking the $10k barrier along with a multi-year line of resistance, crypto’s biggest asset fell dramatically in a matter of minutes. 

However, as you can see from the video, this volatility creates a feeding frenzy on the DFE! Our 24-hour trading volume topped 15 million contracts yesterday, which amounts to around $115 million traded by 320 users! As we onboard more users, it’s only a matter of time before the DFE is breaking volume records. 

Learning about Leverage

Cryptrader starts off by explaining the purpose of leverage – to allow flexibility in meeting position sizes while limiting counterparty risk and the risk of black swan events. 

To determine position size, you’ll need to consider your risk per trade, as a percentage of your account balance. Risking 1% of your account balance on any given trade is a reasonably acceptable rule of thumb. Secondly, you’ll need to know the number of ticks between your entry point, and your stop loss. 

Cryptrader illustrates the example using a trade of 1,000 DGTX and a five-tick difference between the entry and exit points. 

Now we can calculate the size of the position we’d need to take so that we’d lose no more than 1,000 DGTX if the market moves against us. 

The value of a tick is 0.1 DGTX, so to estimate the number of contracts in our position, we can divide by 10. This means if we select 2,000 contracts, a one-tick movement represents a gain or loss of 200 DGTX. So if we want to risk no more than 1,000 DGTX over a 5-tick movement, then 2,000 contracts is the right position size. 

Now we move to the leverage selection. As Cryptrader is currently set to 1x leverage with an account balance of 100,000 DGTX, and the notional value of one contract is around 190 DGTX, he only has enough in the bank to trade 527 contracts. By applying leverage, he can increase his maximum position size. In this case, he needs to dial up to 4x leverage to create a maximum position size of over 2,000 contracts. 

Changing the Leverage Mid-Trade

Cryptrader also illustrates what happens if you change the leverage when you’re already in a position. Doing this doesn’t alter your potential profits or losses, but it does change the liquidation price. Using only the leverage that you need means you get the maximum distance between your entry point and the liquidation price. 

By increasing your leverage, you’ll bring the liquidation price much closer to your entry point, creating a greater risk of liquidation. The flip side of increasing leverage is that you’ll reduce the amount of margin needed, thereby decreasing the value you’d lose if you do get liquidated.

If you have more questions for Cryptrader about how leverage can mitigate counterparty risk or black swan event risk, then you can tune in to one of his live trading sessions on YouTube and join the conversation!

June 3, 2020
Trading

How to Use Leverage with Cryptrader

Sarah Rothrie
Cryptrader

Today, Cryptrader returns with another of his educational videos demonstrating live trading on the DFE mainnet. This time, he explains how to use leverage by calculating your desired position size based on a managed approach to risk. 

Cryptrader filmed this video yesterday when Bitcoin saw some of the most significant volatility since Black Thursday in March. After breaking the $10k barrier along with a multi-year line of resistance, crypto’s biggest asset fell dramatically in a matter of minutes. 

However, as you can see from the video, this volatility creates a feeding frenzy on the DFE! Our 24-hour trading volume topped 15 million contracts yesterday, which amounts to around $115 million traded by 320 users! As we onboard more users, it’s only a matter of time before the DFE is breaking volume records. 

Learning about Leverage

Cryptrader starts off by explaining the purpose of leverage – to allow flexibility in meeting position sizes while limiting counterparty risk and the risk of black swan events. 

To determine position size, you’ll need to consider your risk per trade, as a percentage of your account balance. Risking 1% of your account balance on any given trade is a reasonably acceptable rule of thumb. Secondly, you’ll need to know the number of ticks between your entry point, and your stop loss. 

Cryptrader illustrates the example using a trade of 1,000 DGTX and a five-tick difference between the entry and exit points. 

Now we can calculate the size of the position we’d need to take so that we’d lose no more than 1,000 DGTX if the market moves against us. 

The value of a tick is 0.1 DGTX, so to estimate the number of contracts in our position, we can divide by 10. This means if we select 2,000 contracts, a one-tick movement represents a gain or loss of 200 DGTX. So if we want to risk no more than 1,000 DGTX over a 5-tick movement, then 2,000 contracts is the right position size. 

Now we move to the leverage selection. As Cryptrader is currently set to 1x leverage with an account balance of 100,000 DGTX, and the notional value of one contract is around 190 DGTX, he only has enough in the bank to trade 527 contracts. By applying leverage, he can increase his maximum position size. In this case, he needs to dial up to 4x leverage to create a maximum position size of over 2,000 contracts. 

Changing the Leverage Mid-Trade

Cryptrader also illustrates what happens if you change the leverage when you’re already in a position. Doing this doesn’t alter your potential profits or losses, but it does change the liquidation price. Using only the leverage that you need means you get the maximum distance between your entry point and the liquidation price. 

By increasing your leverage, you’ll bring the liquidation price much closer to your entry point, creating a greater risk of liquidation. The flip side of increasing leverage is that you’ll reduce the amount of margin needed, thereby decreasing the value you’d lose if you do get liquidated.

If you have more questions for Cryptrader about how leverage can mitigate counterparty risk or black swan event risk, then you can tune in to one of his live trading sessions on YouTube and join the conversation!

Latest News