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Five Massive Mistakes to Avoid in Online Trading


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Table of Contents

1. Never Withdraw Money from Website Balances

When it comes to online trading, one of the biggest mistakes you can make is withdrawing money from your website balances. This may seem counterintuitive, as you might think that withdrawing your profits is the whole point of trading. However, there are several reasons why it's best to keep your money in your website balances:

Withdrawal fees can cost a significant percentage of your profits

Many websites charge a fee when you withdraw your money from your trading account to your bank account. These fees can range from 0% to 4% or more, depending on the platform and whether you're using cryptocurrency. Withdrawing a significant amount of money can eat into your profits and make your trades less lucrative.

Depositing money back into the market incurs additional fees

If you decide to reinvest your money and buy more assets, you'll likely have to pay a fee to deposit money back into the trading platform. This fee is usually around 2% and can further reduce your overall profits.

Transferring large sums of money to your bank account requires paying income taxes

When you transfer a large amount of money from your trading account to your bank account, you may be subject to income taxes. Unless you want to break the law, you'll need to pay taxes on your trading profits, which can significantly decrease your earnings.

Keeping money in website balances helps avoid withdrawal, deposit, and tax fees

By keeping your money in your website balances, you can avoid all of these fees. You won't have to pay withdrawal fees, deposit fees, or income taxes on your profits. This means more money stays in your trading account, allowing you to take advantage of future trading opportunities without incurring unnecessary costs.

Exception: Only withdraw if you need the money for real-life expenses

Of course, there are exceptions to this rule. If you have a genuine need for the money in your trading account to cover real-life expenses, then it's understandable to withdraw it. However, if you're simply looking to cash out your profits, it's generally more advantageous to leave your money in your website balances.

By avoiding the mistake of withdrawing money from your website balances, you can maximize your trading profits and minimize unnecessary fees. Remember to consider the potential costs before making any withdrawals and weigh them against your financial goals and needs.

2. Bargain for Better Deals

Bargaining can be a powerful tool in online trading, allowing you to secure deals that are lower than market prices. Many sellers are willing to negotiate, especially if you approach them respectfully and offer a fair price. By bargaining, you can potentially save money and increase your overall profits.

One way to leverage bargaining is when moving money between sites. Instead of paying high fees to transfer funds, you can negotiate with sellers to cover the costs. For example, if you are buying an item on one site and selling it on another, you can try to get a better deal on the purchase to offset the fees associated with selling.

It is surprising how underutilized bargaining is in online trading. Many people simply buy items outright without attempting to negotiate a better price. By taking the time to bargain, you can potentially find deals that are significantly lower than the market value, giving you a competitive edge.

However, it is important to note that not all websites allow bargaining. Some platforms have fixed prices that cannot be negotiated. It is always a good idea to check the terms and conditions of the website before attempting to bargain. If bargaining is not allowed, you can explore other strategies, such as setting supply orders or looking for better deals on different platforms.

Overall, bargaining is a valuable skill in online trading. It allows you to potentially secure deals lower than market prices and cover costs when moving money between sites. While it may be underutilized by many traders, taking the time to negotiate can result in significant savings and increased profits. Just remember to approach sellers respectfully and be prepared to walk away if the deal is not favorable. Happy bargaining!

3. Set Supply Orders Below Market Price

Setting supply orders just below market price can save money in online trading. Many suppliers are willing to fill orders slightly below market price, especially if you approach them respectfully and offer a fair price.

By setting supply orders below market price, you can potentially save money and increase your overall profits. The savings from supply orders are essentially free money that you can take advantage of.

It is important to note that underutilization of supply orders is common in online trading. Many people buy items at listing prices without attempting to negotiate a better deal or set supply orders below market price.

When setting supply orders, it's beneficial to set them just below market price. For example, if supply orders are typically set at 95% of the market price, you can try setting yours at 97% or 98% of the market price. This way, you're still saving money, and it's more likely that your order will be filled quickly.

Keep in mind the liquidity of the item you're trading. If it's a highly liquid item, sellers are more likely to accept supply orders just below market price as it still offers them a good deal.

While setting supply orders below market price doesn't always work, it's worth a try as it can result in significant savings. It's essentially like getting free money by paying less than the listing price.

By taking the time to set supply orders below market price, you can potentially find better deals and increase your profitability in online trading. It's a valuable strategy that is often overlooked by many traders.

Don't be afraid to give it a try and see if you can save money by setting supply orders just below market price. It's a simple yet effective way to maximize your profits and make the most out of your online trading experience.

4. Consider Buying Fees on Trading Websites

When it comes to online trading, it's important to consider the buying fees on different trading websites. Each website has its own fee structure, and these fees can vary significantly from platform to platform.

Deals on websites with high buying fees may not be cost-effective in the long run. Even if you find what seems like a good deal on a particular website, the high fees associated with buying the item can eat into your profits and make the trade less lucrative.

On the other hand, websites that offer 0% deposit or buy fees often provide better deals for traders. These platforms allow you to put money into your trading account without incurring any additional costs. This means that more money stays in your trading account, giving you the opportunity to take advantage of future trading opportunities without unnecessary fees.

Before making any purchases, it's crucial to check the fee information on the trading website. Understanding the fees associated with buying can help you make informed decisions and avoid any unpleasant surprises.

Personally, I've had the experience of realizing the fees after making a purchase. I saw what seemed like a decent deal, got excited, and made the purchase without considering the fees involved. However, once the charge appeared on my bank account, I realized that the fees significantly reduced my profits.

To avoid this mistake, always check the fee information on the trading website before making any purchases. Look for platforms with low or 0% buying fees to maximize your profits and ensure cost-effective trades.

By considering the buying fees on trading websites, you can make more informed decisions and find better deals. Don't overlook the importance of fee information, as it can have a significant impact on your trading profitability.

5. Sell on Buff 163 for Speed

When it comes to selling items in online trading, Buff 163 offers high liquidity but may not always have the best selling prices. It's important to consider this when deciding where to sell your items.

While Buff 163 may not have the most profitable trades, it is ideal for quick selling and cashing out. If you need to sell something quickly and cash out your profits, Buff 163 can be a good option due to its high liquidity.

However, if speed is not a priority for you and you are more focused on getting the best selling prices, it may be worth considering other trading sites. Other platforms may offer more profitable trades with lower fees.

From personal experience, I have found more profitable trades on other sites compared to Buff 163. While Buff 163 is convenient for quick selling, I have been able to achieve higher profits by using other platforms.

It's important to weigh the pros and cons of each trading site when deciding where to sell your items. If speed is your main priority, Buff 163 can be a good choice. However, if maximizing profits is more important to you, it may be worth exploring other sites.

Remember, online trading is all about finding the best opportunities to make profits. By considering your priorities and personal experience, you can make informed decisions and optimize your trading strategy.

Conclusion

In conclusion, it is important to avoid the five massive mistakes in online trading to maximize your profits and minimize unnecessary fees. Let's recap these mistakes:

  • Never withdraw money from your website balances to avoid withdrawal fees, deposit fees, and income taxes. Only withdraw if you need the money for real-life expenses.
  • Bargain for better deals to secure prices lower than market prices. Many sellers are willing to negotiate if approached respectfully.
  • Set supply orders below market price to save money. This is a valuable strategy that is often overlooked by many traders.
  • Consider buying fees on trading websites before making any purchases. Websites with high buying fees may not be cost-effective in the long run.
  • Sell on Buff 163 for speed if you need to sell something quickly and cash out. However, if maximizing profits is more important, consider other trading sites.

By considering fees, bargaining, supply orders, and choosing trading platforms wisely, you can optimize your trading strategy and increase your overall profitability.

It is also important to learn from personal experiences and share additional tips with other traders. By joining online trading communities and forums, you can gain valuable insights and improve your trading skills.

Remember, online trading is all about finding the best opportunities to make profits. Avoiding these mistakes and implementing effective strategies can help you achieve success in the online trading world.

Additional Resources

As an online trader, I want to provide you with some additional resources that can enhance your trading experience and support me as the author of this blog:

Links to Marketplaces Used by the Author

In the description below, you will find affiliate links to the marketplaces that I personally use for online trading. These links can take you directly to these platforms, making it easier for you to start trading and potentially find great deals.

By using these affiliate links, you not only support me as the author, but you may also gain access to exclusive promotions or bonuses offered through these links.

Encouragement to Support the Author through Affiliate Links

If you find value in the information provided in this blog, I encourage you to consider using the affiliate links to the marketplaces I recommend. This simple action can help me continue to create high-quality content and provide you with valuable trading insights.

By supporting the author through these affiliate links, you contribute to the sustainability of this blog and enable me to bring you more helpful tips, strategies, and resources in the future.

Invitation to Subscribe and Join the Author's Discord Community

If you want to stay updated with the latest trading tips and join a community of like-minded traders, I invite you to subscribe to my blog. By subscribing, you will receive regular updates directly to your inbox, ensuring that you never miss out on valuable content.

In addition, I also encourage you to join my Discord community. This is a place where traders can connect, share insights, ask questions, and learn from each other. By joining the Discord community, you can expand your network, gain new perspectives, and further enhance your trading skills.

Remember, success in online trading often comes from continuous learning and collaboration with others. By subscribing and joining the Discord community, you will be taking an important step towards improving your trading journey.

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      The Lumma malware, which steals information from its victims' systems, employs a unique tactic for evading detection. It measures mouse movements using trigonometry to determine if it's operating on a real machine or a sandbox.
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      How Hackers Attack WiFi Networks: Explained and Protected

      Table of Contents
      Introduction The Man in the Middle Attack The Evil Twin Attack Protecting Against Attacks WiFi Password Cracking Conclusion and Personal Experience FAQ Introduction
      Welcome to our blog on how hackers attack WiFi networks. In this blog, we will provide an overview of the topic and discuss the three levels of hackers: noob, hipster, and pro. We will set the scene at Bear Cave Coffee, a coffee shop in downtown Mesquite, Texas, where we will simulate the attacks. Before we begin, we want to emphasize that hacking is illegal and we do not condone any illegal activities. However, we encourage you to practice ethical hacking to enhance your cybersecurity skills.
      The Man in the Middle Attack
      One of the most simple yet effective attacks that a noob hacker can use is called the Man in the Middle attack. This attack allows the hacker to intercept and manipulate communication between a target device and a Wi-Fi router without the target's knowledge.
      Here's a step-by-step breakdown of how the attack works:
      The hacker enters a public space, such as a coffee shop, with a laptop and connects to the free Wi-Fi network. Using tools like Kali Linux, the hacker scans the network to identify potential targets. The hacker then uses ARP spoofing, a technique that tricks the Wi-Fi router into thinking that the hacker's device is the target device, and vice versa. This allows the hacker to intercept all communication between the target device and the Wi-Fi router, acting as a "man in the middle". The goal of the attack is to remain undetected, so the hacker will forward all communication between the target device and the Wi-Fi router without any noticeable disruptions. ARP spoofing works by exploiting the Address Resolution Protocol (ARP) used by devices on a network to discover where things are. By sending fake ARP messages, the hacker can trick the devices into redirecting their communication through the hacker's device.
      Using a VPN is crucial for protecting against the Man in the Middle attack. When connected to a VPN, all internet traffic is encrypted, making it impossible for the hacker to see or manipulate the data. Even if the hacker intercepts the communication, they will only see encrypted gibberish.
      In conclusion, the Man in the Middle attack is a simple yet effective method used by noob hackers to intercept and manipulate communication between a target device and a Wi-Fi router. To protect against this attack, it is important to use a VPN to encrypt your internet traffic and ensure your data remains secure.
      The Evil Twin Attack
      Introduction to the concept of an evil twin network:
      An evil twin network is a type of wireless network attack where a hacker creates a fake Wi-Fi network that appears identical to a legitimate network. The hacker sets up the evil twin network with the same network name (SSID) and operating on the same wireless channel as the real network, making it difficult for users to distinguish between the two.
      Explanation of how the attack works:
      The goal of the evil twin attack is to trick unsuspecting users into connecting to the fake network instead of the legitimate one. Once a user connects to the evil twin network, the hacker can intercept and manipulate their internet traffic, allowing them to eavesdrop on sensitive information, capture login credentials, or even inject malicious content into the user's browsing sessions.
      Different approaches for noob, hipster, and pro hackers:
      Noob hackers may rely on pre-built tools and tutorials found online to set up the evil twin network and launch the attack. They may use readily available software like Kali Linux and tools like Bettercap to carry out the attack.
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      Pro hackers, often equipped with advanced tools like the WiFi Pineapple Enterprise, have more capabilities and automation at their disposal. They can easily set up an evil twin network and capture unsuspecting users' internet traffic.
      Highlighting the ease of falling for this attack:
      Falling for an evil twin attack is incredibly easy, even for tech-savvy individuals. The fake network looks identical to the legitimate one, making it difficult to differentiate. Users may unknowingly connect to the evil twin network, exposing their sensitive information and becoming victims of hacking.
      Importance of using VPN to protect against this attack:
      Using a VPN is crucial for protecting against the evil twin attack. When connected to a VPN, all internet traffic is encrypted, making it impossible for the hacker to see or manipulate the data. Even if the hacker intercepts the communication, they will only see encrypted gibberish, ensuring the user's privacy and security.
      Protecting Against Attacks
      When it comes to protecting yourself against attacks on WiFi networks, there are several measures you can take to enhance your cybersecurity. Here are some important steps to consider:
      Use VPN for Protection
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      Highlight the Benefits of VPN Encryption
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      Add Additional Security Measures for Enterprise Networks
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      Importance of Strong WiFi Passwords
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      Priority on Security Over Convenience
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      WiFi Password Cracking
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      Description of different tools and techniques used by hackers
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      Demonstration of the importance of strong, unique passwords
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      Conclusion and Personal Experience
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      FAQ
      In this section, we will address some frequently asked questions about WiFi attacks and security measures:
      What is a man in the middle attack?
      A man in the middle attack is when a hacker intercepts and manipulates communication between a target device and a WiFi router without the target's knowledge. This allows the hacker to eavesdrop on sensitive information and potentially gain control over the target's device.
      How does ARP spoofing work?
      ARP spoofing is a technique used in man in the middle attacks. It involves tricking the WiFi router into thinking that the hacker's device is the target device, and vice versa. By exploiting the Address Resolution Protocol (ARP), the hacker can redirect communication through their own device and intercept sensitive information.
      What is an evil twin attack?
      An evil twin attack is a type of WiFi network attack where a hacker creates a fake WiFi network that appears identical to a legitimate network. The goal of this attack is to trick unsuspecting users into connecting to the fake network, allowing the hacker to intercept and manipulate their internet traffic.
      How can VPN protect against WiFi attacks?
      Using a Virtual Private Network (VPN) is crucial for protecting against WiFi attacks. When connected to a VPN, all internet traffic is encrypted, making it impossible for hackers to see or manipulate the data. Even if a hacker intercepts the communication, they will only see encrypted gibberish, ensuring the user's privacy and security.
      Why is a strong WiFi password important?
      A strong WiFi password is important for preventing unauthorized access to your network. A weak password can be easily cracked by hackers, giving them access to your WiFi network and potentially compromising your data. It is recommended to use a password that is long, complex, and unique to ensure maximum security.
         1 comment
      Table of Contents
      Introduction Breakdown of Trades Understanding the System Applying the System Future Developments How to Participate Conclusion FAQ  
        Introduction
      Welcome to the world of live crypto trading! In this blog, we will provide an overview of the live crypto trading experience and explain the strategies we use, highlighting their profitability. Our goal is to revolutionize retail trading and empower traders like you to achieve success.
      During the past week, we have been actively trading and have made approximately $10,000 in profit between two trading accounts. This exceptional performance demonstrates the potential of our strategies to generate substantial returns. We have spent months gathering data, backtesting, and developing these strategies to ensure their effectiveness.
      By following our trades, you will have the opportunity to see the exact trade entries, exits, and the thought process behind each trade. We will also share the indicators we use on our charts so that you can start applying them to your own trading.
      Our trading system is designed to gradually take profits out of the market, allowing you to secure gains over time. We are constantly refining our system and working towards full automation to enhance the trading experience for our community.
      If you find this information helpful and want to stay updated on the latest trading and investing insights, we encourage you to like this blog, subscribe to our channel, and follow us on social media platforms such as Instagram, Discord, and TikTok. Join our amazing trading community and embark on a journey towards financial success.
      Breakdown of Trades
      Now let's take a detailed look at the breakdown of the trades discussed in the video.
      Detailed analysis of the first trade on Madic
      The first trade on Madic involved following a continuation of the trend. The trader used moving averages to confirm the trend and entered the trade just below the entry point. The price initially pushed up but was rejected at a certain level, indicating a potential reversal. The trader had multiple limit orders ready to fill their position as the price came down. The trade turned profitable when the price reversed slightly, and the trader was able to secure a profit of around $1,000.
      The indicators used in this trade were the trend line, support and resistance levels, and moving averages (20, 50, and 200 EMA). These indicators provided confirmation of the trend and potential trade setups.
      Explanation of the indicators and moving averages used
      The trend line helped identify the overall direction of the price movement, while support and resistance levels indicated key areas where the price might reverse. The moving averages (20, 50, and 200 EMA) acted as dynamic support and resistance levels, providing additional confirmation of the trend.
      The trader used the moving averages to identify potential entry points and take profit levels. When the price hit the moving averages and showed signs of reversal, it was an opportunity to enter the trade. The take profit levels were set based on previous support and resistance levels.
      Discussion of trend following and take profit levels
      The trading strategy used in these trades was trend following. The trader aimed to enter trades in the direction of the trend and take profit as the price continued in that direction. By following the trend, the trader was able to secure profits over time.
      Take profit levels were determined based on previous support and resistance levels, as well as the trader's analysis of the price action. These levels were set to secure gains and maximize profitability.
      Review of the second trade on LTC and its quick execution
      The second trade on LTC was executed quickly. The trader identified a range pattern and entered the trade when the price broke through the range. The trade was filled in just one candle and resulted in a profit of around $950.
      This trade demonstrated the importance of being aware of market volatility, especially when trading range patterns. The trader took advantage of the volatility during the New York trading session, which created a quick opportunity for profit.
      Overall, these trades showcased the profitability of the trading strategies used by the trader. The careful analysis of trends, indicators, and market conditions allowed for successful trades and significant profits.
      Understanding the System
      In order to fully grasp the live crypto trading experience and the strategies used, it is important to understand the system behind it. Here are some key points to help you understand the system:
      Explanation of Trend Analysis and Break of Structure
      Trend analysis is a crucial part of the trading system. Traders look for trends in the price movement of cryptocurrencies to identify potential trading opportunities. By analyzing trends, traders can determine the direction in which the price is likely to move and make informed trading decisions.
      One aspect of trend analysis is the "break of structure," which refers to a significant change in the price movement pattern. Traders pay close attention to breakouts or breakdowns of key levels of support or resistance, as they can indicate the start of a new trend or a reversal in the current trend.
      Analysis of the Impact of New York Session on Volatility
      The New York session, which opens at around 8:00 AM EST, often brings increased volatility to the crypto market. This is because the New York Stock Market has a significant influence on global markets, including cryptocurrencies. Traders need to be aware of this volatility and adjust their trading strategies accordingly.
      During the New York session, there may be sudden price movements or large price swings, which can create both opportunities and risks for traders. It is important to understand how to navigate this volatility and take advantage of potential trading opportunities that may arise during this time.
      Importance of Economic Events in Trading Decisions
      Economic events, such as interest rate decisions, inflation rates, and GDP growth rates, can have a significant impact on the crypto market. These events can affect the monetary policy of countries and, in turn, influence the stock market and crypto market.
      Traders need to stay informed about upcoming economic events and understand how they might impact the market. By keeping track of these events and analyzing their potential effects, traders can make more informed trading decisions and adjust their strategies accordingly.
      Insights into Risk Management and Win Rate
      Risk management is a crucial aspect of any trading system. Traders need to manage their risk by setting stop-loss orders and determining their risk tolerance. This involves carefully calculating position sizes and setting realistic profit targets.
      Win rate, which refers to the percentage of winning trades, is also an important factor to consider. A high win rate can contribute to overall profitability, but it is important to strike a balance between win rate and risk-reward ratio. Traders need to maintain a consistent win rate and ensure that their winning trades outweigh their losing trades.
      By understanding the system behind live crypto trading, including trend analysis, volatility during the New York session, the impact of economic events, and the importance of risk management and win rate, traders can make more informed trading decisions and increase their chances of success in the market.
      Applying the System
      Now that we have discussed the breakdown of the trades and the strategies used, let's explore how to apply this system to your own trading.
      Example trade on Ethereum and its execution
      One of the trades we executed was on Ethereum. We followed the trend and used moving averages as confirmation. By entering the trade just below the entry point, we were able to secure a profit of around $4,000 in just a few hours. The key here is to identify the trend, use the right indicators, and execute the trade at the right time.
      Dollar cost averaging and risk profile
      A key component of this system is dollar cost averaging (DCA). This strategy involves buying more shares or units as the price goes down, lowering the average cost of the investment. By gradually adding to losing positions, you reduce the risk profile of the trade. However, it is important to be meticulous and calculate position sizes to determine your risk tolerance.
      Explanation of gradual profit withdrawal strategy
      In order to take profits out of the system, a gradual profit withdrawal strategy can be implemented. By taking a fixed percentage of the profits on winning trades, you can gradually increase your profitability over time. For example, taking 25% of the profits on each winning trade allows for consistent growth while still maintaining a high win rate. This strategy is still being developed and refined, with the goal of potentially automating the process.
      Importance of discipline and attention to detail
      One of the most important aspects of successful trading is discipline and attention to detail. It is crucial to follow your trading system consistently and pay attention to the small details that can make a difference in your trades. Successful traders are meticulous in their approach and have a structured process that they follow rigorously.
      Remember, trading is not about finding a magical solution or relying on luck. It is about having a disciplined structure, refining your process, and paying attention to meticulous details. By understanding the system, applying dollar cost averaging, implementing a gradual profit withdrawal strategy, and maintaining discipline, you can increase your chances of success in the market.
      Future Developments
      As we continue to revolutionize retail trading, we have some exciting developments planned for 2024. Here's a teaser of what's to come:
      Full Automation: We are working towards achieving full automation in our trading system. This means that trades will be executed automatically based on pre-set criteria, eliminating the need for manual intervention. This will enhance the trading experience and make it more efficient for our community. Fixed Percentage Profit Withdrawals: We are currently developing a system that will allow for fixed percentage profit withdrawals. This means that traders will be able to take a predetermined percentage of their profits on winning trades. This strategy aims to gradually increase profitability over time while maintaining a high win rate. We believe that this approach will provide consistent growth for our traders. Free Trades in the Discord Community: Starting in 2024, we will be offering some of our trades for free in our Discord community. This will allow traders to participate in our trades and learn from our strategies without any financial commitment. It will be a great opportunity to experience live crypto trading and gain valuable insights. If you're interested in staying updated on these developments and joining our amazing trading community, we encourage you to join our Discord. In our Discord community, you'll have access to trade alerts, learning resources, and a supportive community of traders.
      We are excited about the future of retail trading and look forward to sharing these developments with you. Together, we can achieve financial success in the crypto market.
      How to Participate
      Are you interested in joining our live crypto trading community and participating in trade alerts? Here's how you can get involved:
      Explanation of the Discord community and trade alerts
      Join our Discord community to stay connected with us and receive trade alerts. We provide real-time updates on the trades we execute, including the exact entry and exit points, as well as the thought process behind each trade. This allows you to follow along and learn from our strategies.
      Access to trade ideas and participation in alerts
      Once you join our Discord community, you will have access to trade ideas and alerts in the public trading and analyst tab. We share the specific criteria for each trade, and you can participate by inputting the necessary information into the provided tools. However, please note that this information is for educational purposes only and should not be considered financial advice.
      Disclaimer about the information not being financial advice
      It's important to understand that the trade alerts and information we provide are not financial advice. We are sharing our strategies and trades for educational purposes and to help you learn from our experiences. It's crucial to conduct your own research, consider your risk tolerance, and make informed trading decisions.
      Promotion of other learning resources and community support
      In addition to trade alerts, our Discord community offers a wealth of learning resources and a supportive environment. You can find valuable tools, such as the TCL Max, and access other free learning materials. Engage with the community, ask questions, and learn from experienced traders to enhance your trading skills.
      By participating in our community and utilizing the resources available, you can gain insights into live crypto trading, learn from our strategies, and improve your trading abilities. Remember, trading requires discipline, attention to detail, and constant learning. Take advantage of our community and embark on a journey towards financial success.
      Conclusion
      In conclusion, the live crypto trading experience has demonstrated the effectiveness of our strategies and the potential for substantial profits. Through careful analysis, trend following, and strategic entry and exit points, we were able to achieve a 100% win rate and generate significant returns.
      We encourage you to engage in the comments section to share your thoughts, ask questions, and learn from our experiences. Our trading community is filled with knowledgeable individuals who can provide valuable insights and support.
      We want to express our gratitude to all our viewers and subscribers for their continued support. Your engagement and participation inspire us to continue sharing our trading strategies and insights.
      If you found this blog helpful and informative, we invite you to watch our next video for more live crypto trading and strategies. Stay updated on the latest trading and investing insights by subscribing to our channel and following us on social media.
      Join us in revolutionizing retail trading and embark on a journey towards financial success in the crypto market. Together, we can achieve great things.
      FAQ
      Answers to frequently asked questions about the trading system
      What is the win rate of the trading system? The win rate of the trading system is currently 100% for the trades discussed in this video. However, it's important to note that win rates can vary and it's crucial to maintain a high win rate in order to be profitable in the long run. What is dollar cost averaging (DCA) and how does it work? Dollar cost averaging is a strategy that involves buying more shares or units as the price goes down, lowering the average cost of the investment. This strategy allows traders to gradually add to losing positions and reduce the risk profile of the trade. By gradually adding to positions, traders can lower the price at which the instrument needs to reach in order to make a profit. What is the gradual profit withdrawal strategy? The gradual profit withdrawal strategy involves taking a fixed percentage of the profits on winning trades. For example, taking 25% of the profits on each winning trade allows for consistent growth while maintaining a high win rate. This strategy aims to gradually increase profitability over time. Explanation of key concepts and strategies
      What is trend analysis and how does it work? Trend analysis is an important part of the trading system. Traders analyze trends in the price movement of cryptocurrencies to identify potential trading opportunities. By analyzing trends, traders can determine the direction in which the price is likely to move and make informed trading decisions. What is the impact of the New York session on volatility? The New York session, which opens at around 8:00 AM EST, often brings increased volatility to the crypto market. This is because the New York Stock Market has a significant influence on global markets, including cryptocurrencies. Traders need to be aware of this volatility and adjust their trading strategies accordingly. What is the importance of economic events in trading decisions? Economic events, such as interest rate decisions and GDP growth rates, can have a significant impact on the crypto market. Traders need to stay informed about upcoming economic events and understand how they might influence the market. By analyzing the potential effects of these events, traders can make more informed trading decisions. What is risk management and why is it important? Risk management is a crucial aspect of any trading system. Traders need to manage their risk by setting stop-loss orders and determining their risk tolerance. By carefully calculating position sizes and setting realistic profit targets, traders can minimize potential losses and protect their capital. Tips for beginners and managing risk
      What tips do you have for beginners in live crypto trading? For beginners in live crypto trading, it is important to start with a disciplined structure and follow a well-defined trading system. Pay attention to the small details and constantly refine your process. It is also crucial to manage risk by setting appropriate stop-loss orders and determining your risk tolerance. How can traders manage risk in their trades? Traders can manage risk by setting stop-loss orders to limit potential losses. It is important to calculate position sizes based on risk tolerance and set realistic profit targets. By maintaining a consistent win rate and ensuring that winning trades outweigh losing trades, traders can effectively manage risk and increase their chances of success. Resources for further learning and development
      What resources are available for further learning about live crypto trading? In addition to the information shared in this video, there are several resources available for further learning about live crypto trading. Joining the Discord community mentioned in the video provides access to trade alerts, learning resources, and a supportive community of traders. Engaging with the community, asking questions, and learning from experienced traders can greatly enhance trading skills. Where can traders find additional learning materials and tools? Traders can find additional learning materials and tools within the Discord community. The community offers a wealth of resources, including the TCL Max tool, which can assist with trade ideas. Taking advantage of these resources and engaging with the community can help traders improve their trading abilities.
         1 comment
      So, this little article is sparked by a ton of questions about how invites work in channels. Today, we're diving into all the possible answers to that question.
      How do you invite more than 200 initial users to a channel?
      YOU CAN'T, LIKE, AT ALL!!! Well, that's pretty much the gist of it...
      Okay, technically you can't do it now, but there used to be this thing where you could ban and unban users to boost numbers. That bug's long gone, though.
      BUT! What if you find yourself in a channel with over 200 members without subscribing? Let's look at how you might have ended up there:
      You were invited before the channel hit 200 members, then they just cranked up the numbers. You clicked to join a channel that requires approval. The thing is, you can sit in the approval queue for weeks, and then they'll just approve everyone at once. Some channels even sell this service separately. The channel you were subscribed to got taken over and flooded with new posts. So those are the ways you might end up in random channels. As you can see, no magic involved.
      As for known bugs in channel adds, there's no data or mentions of any. All investigations have consistently pointed to these three scenarios
         2 comments
      Understanding Malware-as-a-Service (MaaS) Information Stealers
      The Malware-as-a-Service (MaaS) model offers aspiring cybercriminals a cost-effective and relatively simple means to execute advanced cyber attacks and achieve their malicious objectives. Among these services are information stealers, which focus on extracting and exfiltrating sensitive data—such as login credentials and financial details—from compromised devices, potentially causing significant financial damage to both individuals and organizations.
      What is the Lumma Information Stealer?
      The Lumma information stealer, which has been marketed and sold on various dark web forums since 2022, exemplifies this type of MaaS. Lumma specifically targets cryptocurrency wallets, browser extensions, and two-factor authentication (2FA) mechanisms, ultimately siphoning sensitive information from infected systems. The distribution of Lumma on dark web platforms is increasing, with over a dozen command-and-control (C2) servers detected in the wild.
      From January to April 2023, Darktrace monitored and analyzed several instances of Lumma activity across its client base. Leveraging its anomaly-based threat detection, Darktrace DETECT™ effectively identifies and provides insight into activities related to such info-stealers, from C2 operations to the exfiltration of sensitive data.
      Background on Lumma Stealer
      Previously known as LummaC2, the Lumma stealer is a subscription-based information theft tool that has been active since 2022. It is believed to have been created by the threat actor “Shamel,” using the alias “Lumma.” The stealer is marketed on dark web forums and through a Telegram channel with over a thousand subscribers as of May 2023. It is also available on Lumma’s official sales page for as low as $250.

      Emergence of Lumma Stealer in the Russian Market
      Research into the Russian market for stolen credentials has identified Lumma stealer as a notable emerging threat since early 2023. Lumma has joined the ranks of rising info-stealers, alongside other threats like Vidar and Racoon [1].
      Like other info-stealers, Lumma can extract data from compromised systems, including system and application information, as well as sensitive data such as cookies, usernames, passwords, credit card numbers, browsing history, and cryptocurrency wallet details.
      From January to April 2023, Darktrace observed Lumma malware activity across multiple customer environments, primarily in the EMEA region but also in the US. This activity involved data exfiltration to external endpoints associated with Lumma malware, likely originating from trojanized software downloads or malicious emails containing Lumma payloads.
      Lumma Attack Methods and Darktrace Detection
      Lumma is often distributed disguised as cracked or fake versions of popular software like VLC or ChatGPT. More recently, threat actors have also used emails with attachments or links pretending to be from well-known companies to deliver the malware. For instance, in February 2023, a South Korean streamer was targeted by a spear-phishing email that mimicked the video game company Bandai Namco [4].
      Lumma primarily targets Windows operating systems (Windows 7 to 11) and at least ten different browsers, including Google Chrome, Microsoft Edge, and Mozilla Firefox [5]. It also targets cryptocurrency wallets such as Binance and Ethereum, as well as crypto wallet and 2FA browser extensions like Metamask and Authenticator [6]. Additionally, the malware can exfiltrate data from applications like AnyDesk and KeePass [7].
      Infection with Lumma can lead to fraudulent use of the stolen credentials, potentially resulting in significant financial losses, such as bank account hijacking.
      Once the targeted data is captured, it is exfiltrated to a C2 server. Darktrace has detected this process in multiple affected environments. Through Darktrace DETECT, instances of data exfiltration via HTTP POST requests to known Lumma C2 servers were identified. During these connections, DETECT frequently noted the URI “/c2sock” and the user agent “TeslaBrowser/5.5”.
      In one case, Darktrace flagged a device using the “TeslaBrowser/5.5” user agent, which was new for the device, making an HTTP POST request to an unusual IP address, 82.117.255[.]127 (Figure 3). Darktrace’s Self-Learning AI recognized this as a deviation from expected behavior and alerted the customer’s security team.

       
      A detailed analysis of the packet captures (PCAP) from HTTP POST requests on one device confirmed that various types of data were being exfiltrated from the customer's network. This included browser data, such as Google Chrome history files, system information stored in a System.txt file, and program data like AnyDesk configuration files.
       


      Additionally, Darktrace identified malicious external connections on a particular device that were associated with other malware strains, such as Laplas Clipper, Raccoon Stealer, Vidar, and RedLine info-stealers, alongside the Lumma C2 connections. These info-stealers are commonly offered as Malware-as-a-Service (MaaS) and can be purchased and deployed by even relatively inexperienced threat actors. It is also likely that the developers of these info-stealers are working to integrate their malware into the activities of traffer teams [8], organized cybercrime groups specializing in credential theft.
      Conclusion
      Reflecting the broader trend of increasing information stealers in the cyber threat landscape, Lumma stealer remains a significant threat to both organizations and individuals.
      As another example of MaaS, Lumma is easily accessible for threat actors, regardless of their expertise, which is likely to lead to a rise in incidents. Consequently, it is crucial for organizations to implement security measures that can detect unusual behavior indicative of an info-stealer compromise, rather than relying solely on static indicators of compromise (IoCs).
      Darktrace DETECT’s anomaly-based detection capabilities have successfully uncovered Lumma infections across various customer environments, regions, and industries. By identifying unusual connections to C2 infrastructure and the exfiltration of data, Darktrace provided comprehensive visibility into Lumma infections, enabling affected customers to pinpoint compromised devices, mitigate further data loss, and reduce the risk of substantial financial damage
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