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Janice McAfee Continues Battle for Release of John McAfee’s Remains, 670 Days After His Death
Last year in July, it was widely reported that the now deceased, enigmatic tech magnate John McAfee’s body was still in a Spanish morgue for a full year after his untimely demise. McAfee’s widow, Janice, has taken to social media to voice her distress over the extended delay in the release of his remains. It is a matter of great frustration to her that, even after an incredible 670 days, she is still unable to grant her beloved husband a proper burial.
John McAfee’s Widow Demands Answers on Delay in Releasing His Remains
On April 23, 2023, Janice McAfee tweeted about her late husband, John McAfee, insisting that he had been in a morgue for 670 days. In July 2022, Bitcoin.com News reported on McAfee’s remains sitting in the morgue for a year. Janice is still complaining about the issue and asking why there is a holdup. “670 days since John’s ‘suicide,'” Janice tweeted. “670 days and his remains have still not been released. 670 days and his autopsy report has still not been released. 670 days is an absurd amount of time to wait to bury your loved one.” McAfee’s widow added:
What are they hiding? #JohnMcAfeeDidNotKillHimself
In October 2020, McAfee was arrested at Barcelona-El Prat Airport and faced extradition to the United States. He faced charges by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) for promoting initial coin offerings (ICOs) and “tax evasion and willful failure to file tax returns.” Spain’s high court approved McAfee’s preliminary extradition, and hours later, he was found dead in his prison cell in Barcelona. After his death, a number of stories emerged claiming that McAfee had activated a dead man’s switch.
In more recent times, in August of last year, a Netflix documentary called “Running with the Devil” showcased one of McAfee’s former girlfriends, who claimed he called her from Texas after his reported death. Janice scoffed at the woman’s theory after the documentary aired, insisting that John would not hide out in America and called the idea “silly.” During the first week of March 2023, Janice discussed McAfee’s death with Hotep Jesus and her “ongoing battle with the Barcelona courts for John’s remains, almost two years after his death.”
What are your thoughts on the ongoing legal battle for John McAfee’s remains? Share your thoughts about this subject in the comments section below.
Last year in July, it was widely reported that the now deceased, enigmatic tech magnate John McAfee’s body was still in a Spanish morgue for a full year after his untimely demise. McAfee’s widow, Janice, has taken to social media to voice her distress over the extended delay in the release of his remains. It is a matter of great frustration to her that, even after an incredible 670 days, she is still unable to grant her beloved husband a proper burial.
John McAfee’s Widow Demands Answers on Delay in Releasing His Remains
On April 23, 2023, Janice McAfee tweeted about her late husband, John McAfee, insisting that he had been in a morgue for 670 days. In July 2022, Bitcoin.com News reported on McAfee’s remains sitting in the morgue for a year. Janice is still complaining about the issue and asking why there is a holdup. “670 days since John’s ‘suicide,'” Janice tweeted. “670 days and his remains have still not been released. 670 days and his autopsy report has still not been released. 670 days is an absurd amount of time to wait to bury your loved one.” McAfee’s widow added:
What are they hiding? #JohnMcAfeeDidNotKillHimself
In October 2020, McAfee was arrested at Barcelona-El Prat Airport and faced extradition to the United States. He faced charges by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) for promoting initial coin offerings (ICOs) and “tax evasion and willful failure to file tax returns.” Spain’s high court approved McAfee’s preliminary extradition, and hours later, he was found dead in his prison cell in Barcelona. After his death, a number of stories emerged claiming that McAfee had activated a dead man’s switch.
In more recent times, in August of last year, a Netflix documentary called “Running with the Devil” showcased one of McAfee’s former girlfriends, who claimed he called her from Texas after his reported death. Janice scoffed at the woman’s theory after the documentary aired, insisting that John would not hide out in America and called the idea “silly.” During the first week of March 2023, Janice discussed McAfee’s death with Hotep Jesus and her “ongoing battle with the Barcelona courts for John’s remains, almost two years after his death.”
What are your thoughts on the ongoing legal battle for John McAfee’s remains? Share your thoughts about this subject in the comments section below.
The Elusive Satoshi Nakamoto: Last Emails Reveal Bitcoin Creator’s Thoughts Before Disappearing Over a Decade Ago
Twelve years ago, on this very day of April 23, 2011, a cryptic individual, known only as Satoshi Nakamoto, penned one of the final correspondences to software developer Mike Hearn. The elusive mastermind behind Bitcoin conveyed in the message that he, she, or they had “moved on to other things” and confidently asserted that the project was entrusted in “good hands.”
Behind the Bitcoin Curtain: The Final Correspondence of Satoshi Nakamoto
Following the creation of Bitcoin and the initial implementation of the technology, the enigmatic Satoshi Nakamoto vanished from the public eye in December of 2010. The last public message from the elusive innovator was issued on December 12th of that year, in which Nakamoto underscored that “there’s more work to do on [denial-of-service] DoS.” Subsequently, Nakamoto corresponded with a few of the developers behind Bitcoin, including Mike Hearn and Gavin Andresen.
Hearn received an email from Nakamoto on April 23rd, 2011, titled “Holding coins in an unspendable state for a rolling time window,” in which he inquired about the possibility of Nakamoto’s return to the Bitcoin community. However, Nakamoto asserted that he, she, or they had “moved on to other things,” confidently stating that the project was in “good hands with Gavin and everyone.” The Bitcoin creator also expressed hope for the continued development of Bitcoinj, Mike Hearn’s Java version of Bitcoin, as it “gives Java devs something to work on.”
Nakamoto: ‘Instead, Make It About the Open-Source Project’
A few days later, Andresen received an email from Nakamoto, in which the pseudonymous innovator expressed frustration with the negative portrayal he received in the press. “I wish you wouldn’t keep talking about me as a mysterious shadowy figure,” wrote Nakamoto. “The press just turns that into a pirate currency angle. Maybe instead make it about the open-source project and give more credit to your dev contributors; it helps motivate them.” This email is widely considered to be the last known communication from Bitcoin’s enigmatic creator to anyone.
There was speculation on March 7th, 2014, when an article in Newsweek claimed that the creator of Bitcoin was a 64-year-old Japanese-American named Dorian Nakamoto. However, a message purportedly authored by Nakamoto appeared on the P2P Foundation’s online forum stating, “I am not Dorian Nakamoto.” Since then, no additional messages from the elusive Bitcoin creator have surfaced, and the emails to Hearn and Andresen remain a poignant reminder of Nakamoto’s decade-long absence from public view.
What do you think happened to Satoshi Nakamoto? Share your thoughts and theories in the comments below.
Twelve years ago, on this very day of April 23, 2011, a cryptic individual, known only as Satoshi Nakamoto, penned one of the final correspondences to software developer Mike Hearn. The elusive mastermind behind Bitcoin conveyed in the message that he, she, or they had “moved on to other things” and confidently asserted that the project was entrusted in “good hands.”
Behind the Bitcoin Curtain: The Final Correspondence of Satoshi Nakamoto
Following the creation of Bitcoin and the initial implementation of the technology, the enigmatic Satoshi Nakamoto vanished from the public eye in December of 2010. The last public message from the elusive innovator was issued on December 12th of that year, in which Nakamoto underscored that “there’s more work to do on [denial-of-service] DoS.” Subsequently, Nakamoto corresponded with a few of the developers behind Bitcoin, including Mike Hearn and Gavin Andresen.
Hearn received an email from Nakamoto on April 23rd, 2011, titled “Holding coins in an unspendable state for a rolling time window,” in which he inquired about the possibility of Nakamoto’s return to the Bitcoin community. However, Nakamoto asserted that he, she, or they had “moved on to other things,” confidently stating that the project was in “good hands with Gavin and everyone.” The Bitcoin creator also expressed hope for the continued development of Bitcoinj, Mike Hearn’s Java version of Bitcoin, as it “gives Java devs something to work on.”
Nakamoto: ‘Instead, Make It About the Open-Source Project’
A few days later, Andresen received an email from Nakamoto, in which the pseudonymous innovator expressed frustration with the negative portrayal he received in the press. “I wish you wouldn’t keep talking about me as a mysterious shadowy figure,” wrote Nakamoto. “The press just turns that into a pirate currency angle. Maybe instead make it about the open-source project and give more credit to your dev contributors; it helps motivate them.” This email is widely considered to be the last known communication from Bitcoin’s enigmatic creator to anyone.
There was speculation on March 7th, 2014, when an article in Newsweek claimed that the creator of Bitcoin was a 64-year-old Japanese-American named Dorian Nakamoto. However, a message purportedly authored by Nakamoto appeared on the P2P Foundation’s online forum stating, “I am not Dorian Nakamoto.” Since then, no additional messages from the elusive Bitcoin creator have surfaced, and the emails to Hearn and Andresen remain a poignant reminder of Nakamoto’s decade-long absence from public view.
What do you think happened to Satoshi Nakamoto? Share your thoughts and theories in the comments below.
📆 Calendar of key events for this week:
Monday, April 24:
🇺🇸USA - Corporate Reporting Season (went week)
🇺🇸USA - Chicago Federal Reserve National Activity Index
Tuesday, April 25:
🇺🇸USA - Housing Price Index
🇺🇸USA - Consumer Confidence Index (Apr)
🇺🇸USA - Richmond Fed Activity Index (Apr)
Wednesday, April 26:
🇺🇸USA - Basic orders for durable goods (Mar)
Thursday, April 27:
🇪🇺EU - Expected consumer inflation (Apr)
🔥USA - GDP (1Q2023)
🇺🇸USA - U.S. Basic Price Index of Personal Consumption Expenditures (1 Q1)
🇺🇸USA - Initial Jobless Claims
🇺🇸USA - Kansas City Fed Activity Index (Apr)
Friday, April 28:
🇦🇺Australia - Industrial inflation of the CPI (1 sq.m.)
🇯🇵Japan - Press conference of the Central Bank
🔥EU - GDP (1 Q2023)
🔥USA - U.S. Personal Consumption Price Index (PCE) (m/m)
🇺🇸USA - U.S. Labor Cost Index (1 sq.2023)
🇺🇸USA - Income and expenses of individuals (Mar)
🇺🇸USA - Chicago Business Activity Index (PMI) (Apr)
🇺🇸USA - Consumer moods and expectations from the University of Michigan
👀An exciting week awaits us, a lot of news that is worth taking into account, as they can affect the market.
Monday, April 24:
🇺🇸USA - Corporate Reporting Season (went week)
🇺🇸USA - Chicago Federal Reserve National Activity Index
Tuesday, April 25:
🇺🇸USA - Housing Price Index
🇺🇸USA - Consumer Confidence Index (Apr)
🇺🇸USA - Richmond Fed Activity Index (Apr)
Wednesday, April 26:
🇺🇸USA - Basic orders for durable goods (Mar)
Thursday, April 27:
🇪🇺EU - Expected consumer inflation (Apr)
🔥USA - GDP (1Q2023)
🇺🇸USA - U.S. Basic Price Index of Personal Consumption Expenditures (1 Q1)
🇺🇸USA - Initial Jobless Claims
🇺🇸USA - Kansas City Fed Activity Index (Apr)
Friday, April 28:
🇦🇺Australia - Industrial inflation of the CPI (1 sq.m.)
🇯🇵Japan - Press conference of the Central Bank
🔥EU - GDP (1 Q2023)
🔥USA - U.S. Personal Consumption Price Index (PCE) (m/m)
🇺🇸USA - U.S. Labor Cost Index (1 sq.2023)
🇺🇸USA - Income and expenses of individuals (Mar)
🇺🇸USA - Chicago Business Activity Index (PMI) (Apr)
🇺🇸USA - Consumer moods and expectations from the University of Michigan
👀An exciting week awaits us, a lot of news that is worth taking into account, as they can affect the market.
USDINR: (Bias- Upward. Range- 81.90-82.25)
Asian equities markets are down, the US Dollar Index is up, and US bond yields are unchanged. There are no major indicators of a trend for the USDINR. Offshore, the USDINR is trading unchanged at 82.08/10 on April futures. Unless some unforeseen trigger emerges ahead of the US Fed meeting next week, we could see rangebound price activity in USDINR. On the spot, USDINR has a firm support band between 81.80 and 82.00 and resistance near 82.30/40 levels. Buy the dips with a stop loss below 81.80 on the spot. Simultaneously, a rally at 82.30 can be sold into with a stop loss over 82.40 on the spot.
Because of the historically low implied volatility, option premiums may remain depressed. The low premiums can last until the Fed meeting. However, we may see May 4th expiry options quote higher implied volatility as sellers demand a premium for the risk of a US Fed meeting on the 3rd night. Short straddles and strangles, while unappealing, can still be done with small position sizes and proper stop losses.
GBPINR: (Bias- Range bound. Range- 101.70-102.30)
The GBPUSD may stay rangebound ahead of the next US Fed meeting. There are no important economic announcements from the UK, so GBPUSD and GBPINR may be influenced by risk sentiment and the trajectory of the US Dollar Index. With double-digit retail inflation and negative real wages, the UK economy is suffering stagflationary pressures. The growing cost of living has had an impact on consumer spending, with retail sales down 0.9% in March. GBPUSD is finding support between 1.2410 and 1.2340/65. Simultaneously, resistance is near the 1.2475 and 1.2550 levels. As long as the pair remains above 1.2340, one should try to purchase dips. GBPINR has strong band of support between 101.10/101.40 on spot levels. Bias is slightly upward as long as prices hold above that support zone. On spot levels, GBPINR has a firm band of support between 101.10 and 101.40. As long as prices remain above that support zone, the bias remains slightly higher.
EURINR: (Bias- Range bound. Range- 89.80-90.35)
After the release of the German IFO economic sentiment data, we may see some volatility in the EURUSD and EURINR today. Traders anticipate further improvement in the current month's reading. Since its low in October of last year, the IFO index has steadily improved. The EURUSD and EURINR currencies are range-bound and will remain so until the Fed meeting next week. The EURUSD is finding support at 1.0960 and 1.09. Resistance is expected between 1.1015 and 1.1050. On the spot, EURINR has support near 89.80/90 levels and resistance near 90.30/40 levels.
JPYINR: (Bias- Down ward. Range- 60.90-61.30)
The Bank of Japan meets on Friday, and the market anticipates little change. However, some traders are expecting a shift in direction from the BoJ as they attempt to prepare markets for the inevitable conclusion of the yield curve control (YCC) policy later this year. The BOJ sets short-term interest rates at -0.1% and the 10-year bond yield at roughly zero, with an implicit cap of 0.5% under YCC. If the BOJ even suggests such a shift, the JPYINR might surge sharply. However, the present price movement for USDJPY is marginally optimistic, as an increase in US government yields is pushing it higher. A rise in USDJPY and a range-bound USDINR suggest that JPYINR faces increased downside risk in the near future.
Asian equities markets are down, the US Dollar Index is up, and US bond yields are unchanged. There are no major indicators of a trend for the USDINR. Offshore, the USDINR is trading unchanged at 82.08/10 on April futures. Unless some unforeseen trigger emerges ahead of the US Fed meeting next week, we could see rangebound price activity in USDINR. On the spot, USDINR has a firm support band between 81.80 and 82.00 and resistance near 82.30/40 levels. Buy the dips with a stop loss below 81.80 on the spot. Simultaneously, a rally at 82.30 can be sold into with a stop loss over 82.40 on the spot.
Because of the historically low implied volatility, option premiums may remain depressed. The low premiums can last until the Fed meeting. However, we may see May 4th expiry options quote higher implied volatility as sellers demand a premium for the risk of a US Fed meeting on the 3rd night. Short straddles and strangles, while unappealing, can still be done with small position sizes and proper stop losses.
GBPINR: (Bias- Range bound. Range- 101.70-102.30)
The GBPUSD may stay rangebound ahead of the next US Fed meeting. There are no important economic announcements from the UK, so GBPUSD and GBPINR may be influenced by risk sentiment and the trajectory of the US Dollar Index. With double-digit retail inflation and negative real wages, the UK economy is suffering stagflationary pressures. The growing cost of living has had an impact on consumer spending, with retail sales down 0.9% in March. GBPUSD is finding support between 1.2410 and 1.2340/65. Simultaneously, resistance is near the 1.2475 and 1.2550 levels. As long as the pair remains above 1.2340, one should try to purchase dips. GBPINR has strong band of support between 101.10/101.40 on spot levels. Bias is slightly upward as long as prices hold above that support zone. On spot levels, GBPINR has a firm band of support between 101.10 and 101.40. As long as prices remain above that support zone, the bias remains slightly higher.
EURINR: (Bias- Range bound. Range- 89.80-90.35)
After the release of the German IFO economic sentiment data, we may see some volatility in the EURUSD and EURINR today. Traders anticipate further improvement in the current month's reading. Since its low in October of last year, the IFO index has steadily improved. The EURUSD and EURINR currencies are range-bound and will remain so until the Fed meeting next week. The EURUSD is finding support at 1.0960 and 1.09. Resistance is expected between 1.1015 and 1.1050. On the spot, EURINR has support near 89.80/90 levels and resistance near 90.30/40 levels.
JPYINR: (Bias- Down ward. Range- 60.90-61.30)
The Bank of Japan meets on Friday, and the market anticipates little change. However, some traders are expecting a shift in direction from the BoJ as they attempt to prepare markets for the inevitable conclusion of the yield curve control (YCC) policy later this year. The BOJ sets short-term interest rates at -0.1% and the 10-year bond yield at roughly zero, with an implicit cap of 0.5% under YCC. If the BOJ even suggests such a shift, the JPYINR might surge sharply. However, the present price movement for USDJPY is marginally optimistic, as an increase in US government yields is pushing it higher. A rise in USDJPY and a range-bound USDINR suggest that JPYINR faces increased downside risk in the near future.
📁 Bittrex got a Wells Notice sometime in March. They announced US shut down on March 31st. Trading stopped on April 14th. Withdrawals only until April 30th.
#Coinbase received Wells Notice March 23rd. I’m guessing they have the option to shut US trading down or be charged imminently. (They are currently exploring offshore setup)
#Coinbase received Wells Notice March 23rd. I’m guessing they have the option to shut US trading down or be charged imminently. (They are currently exploring offshore setup)
⚡️⚡️#ARBUSDT ⚡️⚡️
🟢LONG/BUY: 1.3300 - 1.3150
🎯Targets:- 1.3500 - 1.3650 - 1.3800 - 1.4000 - 1.4200 +🚀
🚦Stop Loss 1.3000
‼️Leverage: 25X To 10X ( Use Leverage according to your risk management )
👉Use only upto 5% of Total Funds
🟢LONG/BUY: 1.3300 - 1.3150
🎯Targets:- 1.3500 - 1.3650 - 1.3800 - 1.4000 - 1.4200 +🚀
🚦Stop Loss 1.3000
‼️Leverage: 25X To 10X ( Use Leverage according to your risk management )
👉Use only upto 5% of Total Funds
#FLOW has a good correction, if it maintains the specified support, it can start a good trend💫
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US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine
A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year.
Oregon Court Sentences Russian for Processing Ryuk Payments
A Russian national accused of money laundering related to the distribution of ransomware has been sentenced to three years of probation in the United States. Denis Dubnikov was arrested in Amsterdam in November 2021, and then extradited to the U.S. in August 2022.
A federal court in Oregon has also ordered the 30-year-old crypto businessman to forfeit proceeds in the amount of $2,000, representing a portion of what he made as a result of his criminal activity, and pay $10,100 in criminal monetary penalties.
Initially, American prosecutors accused the Russian and his accomplices of laundering proceeds from Ryuk ransomware attacks on individuals and organizations in the U.S. and other countries between at least August 2018 and August 2021.
Court documents now show that the owner of crypto exchanges Coyote Crypto and Eggchange has laundered only a portion of a Ryuk ransomware payment, noting that the “defendant was not involved in the underlying ransomware activity and is pleaded guilty to a willful blindness theory.”
In July 2019, a U.S. company paid 250 BTC (approx. $3.1 million) ransom following a Ryuk attack. Dubnikov agreed to exchange 35 BTC for approximately $400,000 in cash. The court says he did not know these were ransomware proceeds but also “deliberately avoided learning the truth.”
Ryuk is a type of software that encrypts files on the targeted organizations’ computers. First identified in 2018, the ransomware has been used against various victims worldwide, including hospitals and healthcare providers in the United States.
The court sentence takes into account the time Dubnikov spent in detention. He has been ordered to comply with supervision requirements, including regular reporting to the police, taking drug tests, and providing DNA samples at the request of law enforcement authorities.
Do you expect more arrests and convictions related to Ryuk ransomware attacks? Share your thoughts on the case in the comments section below.
A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year.
Oregon Court Sentences Russian for Processing Ryuk Payments
A Russian national accused of money laundering related to the distribution of ransomware has been sentenced to three years of probation in the United States. Denis Dubnikov was arrested in Amsterdam in November 2021, and then extradited to the U.S. in August 2022.
A federal court in Oregon has also ordered the 30-year-old crypto businessman to forfeit proceeds in the amount of $2,000, representing a portion of what he made as a result of his criminal activity, and pay $10,100 in criminal monetary penalties.
Initially, American prosecutors accused the Russian and his accomplices of laundering proceeds from Ryuk ransomware attacks on individuals and organizations in the U.S. and other countries between at least August 2018 and August 2021.
Court documents now show that the owner of crypto exchanges Coyote Crypto and Eggchange has laundered only a portion of a Ryuk ransomware payment, noting that the “defendant was not involved in the underlying ransomware activity and is pleaded guilty to a willful blindness theory.”
In July 2019, a U.S. company paid 250 BTC (approx. $3.1 million) ransom following a Ryuk attack. Dubnikov agreed to exchange 35 BTC for approximately $400,000 in cash. The court says he did not know these were ransomware proceeds but also “deliberately avoided learning the truth.”
Ryuk is a type of software that encrypts files on the targeted organizations’ computers. First identified in 2018, the ransomware has been used against various victims worldwide, including hospitals and healthcare providers in the United States.
The court sentence takes into account the time Dubnikov spent in detention. He has been ordered to comply with supervision requirements, including regular reporting to the police, taking drug tests, and providing DNA samples at the request of law enforcement authorities.
Do you expect more arrests and convictions related to Ryuk ransomware attacks? Share your thoughts on the case in the comments section below.
When you are trading in BTCUSDT always classify your strategy into two categories:
1) Unlimited Risk
2) Limited Risk
Unlimited risks are strategies like:
Short Straddle: Where we sell lets say, at the money call and put options.
Short Strangle: Where we sell, out of money call and put options
Short call option or Short put option
Ratio trades, etc....
Limited risk strategies are like:
Short iron fly: Where we sell a straddle and hedge it by buying a strangle
Short butterfly: Where we sell a ratio spread and hedge it by buying an out of money call option
Long Options, Long call spread, long put spread etc....
FOR UNLIMITED RISK STRATEGIES:
YOU MUST HAVE THESE TWO:
1) A well defined stop loss and stick to the stop loss at all costs.
2) Small trade size. It is advisable to keep your position size smaller than your max position size. Let us consider an example:
A client has 10 lakh rupees of risk capital. He is selling a straddle in USDINR. Stop loss on trade shows that if stop is hit, he can lose 200 rupees in the trade including all transaction charges. Max position he may consider is 2% of risk capital. Therefore, (10 lakh * 2% ) = 20,000 of loss bearing in the trade. Therefore max position can be = 20000 / 200 = 100 contracts. But as it is an unlimited risk strategy, therefore, it is advisable to keep the trading size below 50 lots or half or less than half of max limit.
DO NOT FORGET THE ABOVE TWO RULES.
THE REASON WHY MOST RETAIL TRADERS LOSE MONEY IN OPTIONS TRADING BECAUSE EITHER THEY DO NOT UNDERSTAND MATHEMATICS OF OPTIONS TRADE AND/ OR THEY DO NOT FOLLOW THE ABOVE RISK MANAGMENT NORMS.
1) Unlimited Risk
2) Limited Risk
Unlimited risks are strategies like:
Short Straddle: Where we sell lets say, at the money call and put options.
Short Strangle: Where we sell, out of money call and put options
Short call option or Short put option
Ratio trades, etc....
Limited risk strategies are like:
Short iron fly: Where we sell a straddle and hedge it by buying a strangle
Short butterfly: Where we sell a ratio spread and hedge it by buying an out of money call option
Long Options, Long call spread, long put spread etc....
FOR UNLIMITED RISK STRATEGIES:
YOU MUST HAVE THESE TWO:
1) A well defined stop loss and stick to the stop loss at all costs.
2) Small trade size. It is advisable to keep your position size smaller than your max position size. Let us consider an example:
A client has 10 lakh rupees of risk capital. He is selling a straddle in USDINR. Stop loss on trade shows that if stop is hit, he can lose 200 rupees in the trade including all transaction charges. Max position he may consider is 2% of risk capital. Therefore, (10 lakh * 2% ) = 20,000 of loss bearing in the trade. Therefore max position can be = 20000 / 200 = 100 contracts. But as it is an unlimited risk strategy, therefore, it is advisable to keep the trading size below 50 lots or half or less than half of max limit.
DO NOT FORGET THE ABOVE TWO RULES.
THE REASON WHY MOST RETAIL TRADERS LOSE MONEY IN OPTIONS TRADING BECAUSE EITHER THEY DO NOT UNDERSTAND MATHEMATICS OF OPTIONS TRADE AND/ OR THEY DO NOT FOLLOW THE ABOVE RISK MANAGMENT NORMS.
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#BTC.D got rejected from the historical weekly supply zone. Volume is also decreasing which would be a sign of the continuation of the downward move.❄️
🆘KuCoin became the latest victim of a Twitter hack, which resulted in the loss of assets worth over 22,000 USDT for its users.
➡️KuCoin reveal that hackers took over its Twitter account for 45 minutes to promote a fake activity on Monday, April 24. While the incident was brief, the company said that it identified 22 transactions in connection with the fraudulent activity, including ETH and BTC, with the value of the losses totaling 22,628 USDT.
➡️The crypto exchange has since recovered its Twitter account but stressed that it was the only channel that was affected, implying that the website and other social media accounts were safe.
➡️KuCoin reveal that hackers took over its Twitter account for 45 minutes to promote a fake activity on Monday, April 24. While the incident was brief, the company said that it identified 22 transactions in connection with the fraudulent activity, including ETH and BTC, with the value of the losses totaling 22,628 USDT.
➡️The crypto exchange has since recovered its Twitter account but stressed that it was the only channel that was affected, implying that the website and other social media accounts were safe.