The Linux Foundation launches a deep learning foundation

Standard

The Linux Foundation launches a deep learning foundation

Despite its name, the Linux Foundation has long been about more than just Linux. These days, it’s a foundation that provides support to other open source foundations and projects like Cloud Foundry, the Automotive Grade Linux initiative and the Cloud Native Computing Foundation. Today, the Linux Foundation is adding yet another foundation to its stable: the LF Deep Learning Foundation.

The idea behind the LF Deep Learning Foundation is to “support and sustain open source innovation in artificial intelligence, machine learning, and deep learning while striving to make these critical new technologies available to developers and data scientists everywhere.”

The founding members of the new foundation include Amdocs, AT&T, B.Yond, Baidu, Huawei, Nokia, Tech Mahindra, Tencent, Univa and ZTE. Others will likely join in the future.

“We are excited to offer a deep learning foundation that can drive long-term strategy and support for a host of projects in the AI, machine learning, and deep learning ecosystems,” said Jim Zemlin, executive director of The Linux Foundation.

The foundation’s first official project is the Acumos AI Project, a collaboration between AT&T and Tech Mahindra that was already hosted by the Linux Foundation. Acumos AI is a platform for developing, discovering and sharing AI models and workflows.

Like similar Linux Foundation-based organizations, the LF Deep Learning Foundation will offer different membership levels for companies that want to support the project, as well as a membership level for non-profits. All LF Deep Learning members have to be Linux Foundation members, too.

from TechCrunch https://tcrn.ch/2pHwZwy
via IFTTT

Your phone is killing your ability to focus at work — even if you think it isn’t

Standard

woman listen phone technology work office

  • Your phone is probably hurting your ability to focus at work, according to new scientific research.
  • In fact, people generally don’t realize how their phone is affecting their behavior.
  • The best solution is to plan to keep your phone in another room at certain times.

I could start this article with a quip about how my phone is sitting right next to me as I’m writing about the dangers of having your phone sitting next to you at work. (#irony!) But that wouldn’t be especially interesting.

Now, if I started this article by saying that my phone was somewhere else — say, in my purse or in another room in the office — that would be truly horrifying.

In fact, it’s a horror story that hundreds of people recently lived through.

The people were participants in a study published in the journal The Consumer in a Connected World, and described in The Harvard Business Review. The conclusion is that having your phone nearby — even if it’s not buzzing or ringing, and even if the power is off — can hurt your performance.

The creepiest part? You may not even realize just how distracting your phone can be.

For the study, the researchers asked hundreds of people to work on two different cognitive tasks. Sometimes people were asked to leave their phones on the desk; sometimes in their pocket or bag; sometimes in another room. In all cases, sounds and vibrations were turned off.

Results showed that people performed best on the tasks when their phones were in another room. Even when participants were asked to turn their phones’ power off, they still performed better when their phones were out of sight.

Yet when the researchers asked participants later whether the location of their phone had affected their performance, most said it hadn’t. That suggests our phones are influencing our behavior in ways we might not even be consciously aware of.

The researchers also found that certain people were more susceptible to their phone’s negative influence. Participants who agreed with statements like, "I would have trouble getting through a normal day without my cellphone" were most strongly affected.

Consider planning to keep your phone in another room while you’re working

This research builds on a similar study, published 2015 in the Journal of Experimental Psychology: Human Perception and Performance. That study found hearing your phone buzz or ring, even if you don’t interact with it, can hurt your performance on cognitive tasks.

Based on their findings, the researchers behind the new study say people should consider keeping their phones in another room so they don’t interfere with their work. But it’s probably best to plan ahead of time when you’ll leave your phone behind and for how long.

The researchers cite a 2014 study, published in the journal Computers in Human Behavior, that found people became increasingly anxious when they were unexpectedly separated from their phones and forced to hear them ring.

Bottom line: Even if you think you’re functioning perfectly fine, thank you very much, with your phone sitting next to you, you’re probably not.

Consider designating some phone-free time blocks to improve your concentration. If the thought of doing that makes you anxious, consider telling friends and family so you’re less worried about missing something important.

SEE ALSO: Why doing nothing can be the most productive choice you make all week

Join the conversation about this story »

NOW WATCH: A cybersecurity expert showed us how hackers can tap into an office phone and listen to everything you’re saying

from SAI https://read.bi/2pIqPMP
via IFTTT

A California man who believes the Earth is flat launched himself almost 2,000 feet in the air in a homemade rocket

Standard

mike hughes rocket

  • "Mad" Mike Hughes, a self-described rocket scientist, launched himself almost 2,000 feet in the air in a homemade rocket over the weekend.
  • He landed hard, and his rocket got dinged, but he is otherwise fine.
  • Hughes said he wanted to see for himself whether the Earth was shaped like "a Frisbee" by going into space.

A man who believes the Earth is flat launched himself almost 2,000 feet into the air in a homemade rocket over the weekend.

"Mad" Mike Hughes, 61, ascended 1,875 feet in his crowdfunded rocket on Saturday before crashing back to Earth in the Mojave Desert outside Amboy, California.

"I’m tired of people saying I chickened out and didn’t build a rocket — I’m tired of that stuff," Hughes told The Associated Press after landing. "I manned up and did it."

Apart from a sore back and dinged-up rocket, Hughes told the AP he was fine.

Hughes has generated controversy over his scientifically unsupported belief that the Earth is flat and shaped "like a Frisbee," as he describes it.

In a video posted on his Facebook page, he said his goal for the launch was to see the Earth’s shape.

"Do I believe the Earth is shaped like a Frisbee? I believe it is," Hughes said. "Do I know for sure? No. That’s why I want to go up in space."

Hughes’ rocket hit estimated speeds of 350 mph before he pulled his parachute. He had to deploy a second parachute to keep from hitting the ground too hard.

"This thing wants to kill you 10 different ways," Hughes told the AP of his rocket.

But he added that he was glad he pulled off the launch.

"I’ll feel it in the morning — I won’t be able to get out of bed," Hughes told the AP. "At least I can go home and have dinner and see my cats tonight."

Hughes built the rocket in his garage over months, but his launch date, initially set for November, was repeatedly scrubbed because of mechanical issues and conflicts with the Bureau of Land Management.

Once the rocket was finally ready to launch, Hughes and his team jury-rigged a mobile-home trailer into a launch ramp.

Noize TV livestreamed footage of the launch.

mad mike hughes

There are, however, much easier ways to prove the Earth isn’t flat without launching yourself into the atmosphere. For instance, as the author Stuart Clark told Business Insider, you can easily perceive the planet’s curvature by watching ships leave a harbor and disappear over the horizon.

But Hughes says he still isn’t satisfied by what he saw from a height of nearly 2,000 feet. Next, he wants to build a rocket carried into the upper atmosphere by a balloon and then launched — something he calls a "rockoon." Hughes said such a craft would take him 68 miles above the Earth’s surface.

"My story really is incredible," Hughes told the AP. "It’s got a bunch of storylines — the garage-built thing. I’m an older guy. It’s out in the middle of nowhere, plus the flat Earth. The problem is it brings out all the nuts also, people questioning everything. It’s the downside of all this."

Besides investigating whether the Earth is flat by launching himself into space, Hughes wants to run for governor of California.

The Associated Press contributed to this report.

Here’s the full video of the launch from Noize TV:

SEE ALSO: The mystery of a tiny skeleton that many people thought was an alien has finally been solved

Join the conversation about this story »

NOW WATCH: Here’s what happens in your body when you swallow gum

from SAI https://read.bi/2I6gnp5
via IFTTT

How Did The Rajneesh Get Their Money? Here’s One Theory After Watching ‘Wild Wild Country’ On Netflix

Standard

Like most of America this weekend, I binge-watched Netflix’s Wild Wild Country from beginning to end, hypnotized by the malignant power of the Rajneesh in the ’80s. I don’t want to spoil the documentary for anyone who hasn’t finished, but it’s impossible to talk about the documentary without noting Sheela’s – um… batshit insane? – tendencies as the spokesperson for the Rajneesh.

After watching Netflix’s Wild Wild Country, I had the same question a lot of people had about the cult: How did the Rajneesh get their money to move into a 60,000-acre ranch near the Oregon town of Antelope and build out a city of devoted followers? How does a self-sufficient sex commune pay for the Osho’s fleet of private planes and Rolls Royces, along with a massive private militia? Private donations like any religion? A massive trust fund? The money-trail was noticeably absent from the Duplass Brothers documentary.

This article does a pretty good job answering those lingering questions. They were basically a massive multinational corporation selling “spiritual healing”, with meditation centers and communes all over the world. And Bhagwan was all about it, noting to an INS officer in 1982 that he was all about chasing the almighty dollar as a part of enhancing lives with spiritual growth: “All the religions have commanded and praised poverty, and I condemn all those religions. Because of their praise of poverty, poverty has persisted in the world. I don’t condemn wealth. Wealth is a perfect means which can enhance people in every way… So I am a materialist spiritualist.”

More or less, the Rajneesh generated it’s revenue the same way any global brand would generate it’s revenue. Two years ago the Indian magazine The Wire published a deep-dive about the business of Bhagwan and the Rajneesh. Here’s the key two paragraphs answering my questions about how theRajneesh made money:

In a remarkably short time, a great deal of money began to flow into and through the Oregon commune. Some of this came from sannyasins, including many who were willing to sell their possessions to support the ranch (such as one who recalls selling his Porsche for $20,000 to donate to the cause). A great deal of revenue also came from the many courses offered at the ranch, which ranged from the “Rajneesh Fresh Beginning Course” ($2,500) and “Rajneesh Movement Therapy” ($2,100) to the “Rajneesh DeHypnotherapy Basic Course” ($5,500) and “Rajneesh Rebalancing Course” ($7,500). And finally, a huge amount of money flowed in during the annual World Festival, which began in the summer of 1982. Admission for the seven-day festival was $509 for a place in a four-person tent or $1,804 for a room in the hotel, while the cost of the therapy groups, food and drink in the restaurant, and souvenirs, was extra. During the 1984 festival, the 15,000 people attending spent over $10 million. Overall, between 1981 and 1985, an estimated $130 million poured into the ranch. As Hugh Milne recalls, “Bhagwan said that in the new commune we would grow money on trees… Bhagwan was quite open about the fact that the primary object was to make money.”

Yet as a charismatic multinational corporation, the operations of the Rajneesh movement were by no means limited to the United States. On the contrary, the Oregon community was very much interrelated with and dependent upon a vast global network of Rajneesh centers. These included not only meditation centers and spiritual institutions but also seemingly “secular” enterprises, such as discotheques and restaurants. In all, some twenty corporations were created worldwide with twenty-eight bank accounts, including twelve in Switzerland.

Go read the article in full over at India’s The Wire… It’s the perfect follow-up to watching Wild Wild Country on Netflix.

As you can see in the interview with Sheela above, there were other predominate theories about the finances of the Rajneesh in ’80s, however. Some speculated that it was a massive prostitution ring, with people selling themselves . Sheela didn’t like that theory very much, as you can see above.

“…Good luck to you and your PIMPS!”

Sheela always going straight for the jugular.

from BroBible.com http://bit.ly/2usTPge
via IFTTT

Learn how to publish your own e-book

Standard

Learn how to publish your own e-book

Time to get e-published.
Time to get e-published.

Image: pixabay

In On Writing, Stephen King describes the moment when every writer reads something that’s been published and realizes it’s total garbage. And if that garbage was good enough to go in a book, surely their garbage can survive out there in the wild, with real readers and everything.

These days, it’s the easiest it’s ever been to self-publish, assuming you’re willing to do the work. But how do you even get started? This set of online courses is dedicated to self-publishing e-books. It’s a straightforward way to get expert guidance, and it’s only $25 for all seven courses. Here’s what’s included:

Kindle publishing

Amazon is the world’s biggest marketplace for e-books, so if you want to get your book in the hands of your soon-to-be-loyal fans, you’re going to want to make sure it’s available on that platform. This Kindle publishing guide helps you through marketing, researching competitors, and deciding if you want to go exclusive. It includes 32 lectures, and one hour of content, available to you for life (in case your grand book plans get put on hold).

Kindle e-book formatting

Writing the book is only 90% of the battle. And a big part of that last 10% is formatting. Nobody is going to want to read your masterpiece if all the text is jumbled or the margins don’t work. This course will help you format your book with Scrivener, guaranteeing a solid reading experience.

So you want to self-publish your e-book?

Not sure if self-publishing is right for you? This is the course to help you figure out the answer. The included 17 lectures and an hour of content will answer all your essential questions, and introduce self-publishing concepts like perma-free books and lead magnets. It’ll also identify the four key financial investments that all self-publishing authors should make.

Scrivener simplified

If you want to learn how to use this leading book-writing software, what better way than by watching a successfully published author use it? These 26 lectures and two hours of content will teach you the skills you need to learn this incredibly powerful and complex program.

Kindle e-book cover design

They say not to judge a book by its cover, but we know that everybody does. At least a little bit. And that’s why this program is so helpful; it’ll help you design and format an eye-catching cover for your book that will stand the test of time.

Writing productivity habits

Every writer knows the constant battle with productivity. Luckily, this program features some neat tips and tricks that’ll help you get writing, and keep writing, until your project is done. Thirty-one lectures and two hours of content will drive all these habits home and turn you into one of those people who pumps out a couple thousand words a day, easy.

All these courses are a $175 value, but you can get them on sale for just $25.

from Mashable! https://on.mash.to/2pJ5MKh
via IFTTT

The largest protests in American history are happening now. Expect them to get bigger.

Standard

Size matters — at least when it comes to the size of our protests.

Though final count is still being tabulated, researchers Erica Chenoweth and Jeremy Pressman of the Crowd Counting Consortium estimate that over 1.25 million people across the United States participated in Saturday’s March for Our Lives protest, making it one of the largest youth-led protests in American history, at least since the Vietnam War. 

Beyond youth-led protests, March for Our Lives is also poised to become one of the biggest protests, period, in American history, surpassed only by the Women’s March in 2017, where an estimated 4.15 million people participated, and the Women’s March in 2018, where anywhere from 1.6 to 2.5 million people participated domestically. 

These numbers aren’t an accident. A combustible array of variables, including the rise in authoritarianism and anti-authoritarianism worldwide and technology that makes it easier to organize sibling marches, have contributed to historic turnouts. 

The counts are already huge. Now get ready for them to explode. 

It’s important to emphasize that measuring protest size is an imprecise art. Estimates of Saturday’s Washington D.C. protest have ranged anywhere from 202,000 from Digital Design and Imaging Service, which uses drones to collect aerial data, to over 800,000 from organizers themselves, who collect RSVPs and data about public transportation usage. While the public tends to distrust data that comes from organizers, Chenoweth cautions that organizers are often more transparent about their data collection methods. 

“I actually think the conservative estimate here is really quite conservative,” Chenoweth says. “The drones are doing snapshots at given moments in time, but they’re limited by their bird’s-eye view of buildings, or different obstructions, especially when people are moving.” 

To arrive at their estimate (which is still being updated), Pressman and Chenoweth take a 10 percent deduction of the highest estimated count, provide a 10 percent boost to the lowest estimate, and then average the two. Using this method, their best guess for Saturday’s turnout in D.C. hovers around 471,000.

Researchers estimate that around 471,000 people attended Saturday's March for Our Lives protest in Washington, D.C.

Researchers estimate that around 471,000 people attended Saturday’s March for Our Lives protest in Washington, D.C.

Image: zach gibson/Getty Images

Even with such a wide range, these estimates are jaw-dropping — and reflect our current political moment. Of the top five largest protests in American history, four have taken place in the last two years — the two Women’s Marches, the March for Our Lives, and the March for Science, estimated to have a turnout of around 1 million. Only the 1993 March for Lesbian, Gay and Bi Equal Rights and Liberation  and the 1982 Nuclear Weapon March in New York City, which both had turnouts in the 800,000 to 1 million person range, come close. Anti-Vietnam War protests were more numerous and over a much longer period of time, with the largest one on record attracting over 500,000 people.  

The March for Lesbian, Gay and Bi Equal Rights and Liberation in 1993.

The March for Lesbian, Gay and Bi Equal Rights and Liberation in 1993.

Image: porter gifford/liason/Getty Images

According to Chenoweth and Pressman, there were 521 March for Our Lives events nationally though just 27 internationally, significantly less than the Women’s March, who had 261 international marches their first year. To be fair, the United States has some of the least restrictive gun control in the Western world — see here for a depressing comparison.

The Trump effect

Turnouts have been so historic partially because of the depth of anti-Trump despair. Trump’s popularity rating after his first year in office was the lowest for any president in modern American history. The legislative branch that is supposed to provide a check and balance to his power has only amplified it. At Crowd Counting, Chenoweth and Pressman group recent protests into three categories, pro-Trump, anti-Trump, and neither. Chenoweth estimates that the “overwhelming majority of protests in this country, 80 percent, have been anti-Trump.”

There is probably no better organizer in this country than Donald Trump, even if it’s just organizing people against him.

Facebook’s role

Trump can’t take all the credit. Other factors contributed to the exponential growth in protest size, including an increasing reliance on Facebook, Twitter, and other social media tools that make mass organizing both desirable and easily replicable. 

Researchers have found that organic protest movements are able to rise out of Facebook and Twitter without much assistance from television or traditional news networks. Facebook makes it easier for connections to form, especially temporary political relationships. 

It’s part of the reason why many organizers have been hesitant to leave the platform, despite serious privacy concerns and the company’s role in helping spread anti-Rohingya Muslim propaganda in Myanmar, where the persecuted group faces ethnic cleansing.

The protest toolkit

Still, technology explains the mechanics of viral social movements, not their ethics or their origin stories. Facebook and Twitter can’t create a social movement out of thin air. The companies can’t teach young activists to be good, impactful intersectional activists. That has to come from history, including recent social movements.

“There’s a lot of increased capacity for organizing because of the experiences of the past ten years,” Chenoweth says. “Black Lives Matter itself gave young people a lesson on how you do this. Before Black Lives Matter there was Occupy, since then we’ve had the Dreamers, the Women’s March, and Muslim Ban protests in airports … My guess is these kids did their first activism with their moms. It’s a quicker learning curve for kids.”

With each march, it’s as if organizers are compiling a social protest toolkit or bible, which the next march leaders can tap. Increasingly, for example, organizers have focused on making their marches intersectional, putting women, people of color, young people, and people from diverse religious backgrounds at the front and center of their speaker lineups and leadership. The official platform for the Women’s March on Washington placed not just women’s rights, but Native American rights and Black Lives Matter at the front and center of the platform.

Parkland survivor and activist David Hogg has implored fellow organizers to use their white privilege to make sure all people affected by gun violence — especially people of color — are heard. This principle isn’t exactly new to social movement organizing, but as anyone who participated in the largely white Occupy protests remembers, not consistently practiced historically.

Perhaps protests have included so many people in the past two years because — get ready for it — they’ve made inclusion a central operating principle.

Worldwide trend

The feeling isn’t just mutual. It’s global. As Chenoweth notes, both authoritarianism and anti-authoritarian protests have been on the rise in recent years. Researchers have noted a substantive global increase in authoritarian populist candidates in the West in the past two decades. Citizens in 94 countries now live in non-democratic regimes, including 53 percent of the world’s people, according to the Human Rights Foundation. Authoritarianism has arrived in Turkey as well as Venezuela, and its continued its slow, not-quite-unprecedented crawl in the States.

A Russian protester at the March for Free Internet in central Moscow on July 23, 2017.

A Russian protester at the March for Free Internet in central Moscow on July 23, 2017.

Image: mladen antonovaAFP/Getty Images

As dictatorships have solidified their hold, so, too, have resistance movements globally.

“What we’re seeing in the United States is symptomatic of what we see around the world,” Chenoweth, who also collects data about mass movements worldwide, notes. “[Between] resistance against authoritarianism, colonial and foreign and military occupation … we’ve had more mass movements in this decade in any decade since 1900.”

That’s a spectacular, life-affirming fact. And something that should give organizers, living off leaks of the Russian investigation, special elections and Stormy Daniels’ Twitter feed — something worth holding onto.

Trump isn’t going away anytime soon, and Trumpism won’t end after he finally leaves office. Better to keep building, day by day, viral video after viral video, one explosive protest at a time.

from Mashable! https://on.mash.to/2DY4n6V
via IFTTT

This DIY, Alexa-connected robotic tank will bring you a beer

Standard

This DIY, Alexa-connected robotic tank will bring you a beer

As we enter the upcoming Golden Age of connected robotics it’s important to stay well-lubricated. Thus we must invite the Walabeer tank, a DIY, Alexa-connected robotic tank that serves beer, into our homes and hearts.

The project uses a toy tank chassis connected to a Walabot, a device that lets your projects see through walls. Once all of this is connected to a Raspberry Pi and, in turn, Alexa, you can ask the Walabeer Tank to turn on its lights, open its cargo hold, and follow you around the house. The complex cargo lifting mechanism uses Erector Set pieces and a slow servo motor.

Balázs Simon created the tank as a proof-of-concept project and there is a full bill of materials and build description here.

“There are things that deep inside every man wants to have. Combining beer and tanks is one of these things! This project will be about this thing, a voice controlled tank that delivers beer to you with an autonomous “follow me” function or with an RC control. Let’s build the beer tank of our dreams!” wrote Simon.

While it’s unclear what this beer tank does when it runs out of beer – it cannot yet open the fridge, for example – it’s nice to know someone out there is watching out for our thirsty gullets as we rocket headlong into the future.

from TechCrunch https://tcrn.ch/2GdZPLA
via IFTTT

This Dude Travels The World And Gets To Stay At The Most Insane Airbnbs On The Planet For Free

Standard

We can go ahead and add this to the ever-expanding list of awesome jobs that my high school guidance counselor failed to ever tell me about. So what if I only ever met with that guidance counselor to talk about college choices and not jobs but it still would’ve been cool if somebody (anybody!!) told me that I could get paid to travel the world and stay at the most luxurious properties on the planet for free.

Ryan Clark Doyle (@ryanclarkdoyle) owns Video Vision 360 and he uses a barter system to travel the world and film stunning videos of the most over-the-top Airbnb properties imaginable and put them on YouTube for promotional purposes. The Airbnb owner gets an awesome video of their property that they can share with their listing to lure in potential customers and Ryan Clark Doyle gets to travel the globe and stay at houses/hotels that only the 1% could typically afford.

INSIDER caught up with Ryan Clark Doyle to talk to him about his favorite Airbnbs on the planet along with how he got into this line of work:

I’m not here to tell you to quit your job because you saw some YouTube video about a guy living the dream, but, if you hate your job then you should really think hard about what it is that makes you happy. If you’re stuck in a miserable spot then now might be the time to start jotting down some ideas on how you can make changes to start living the life you thought you were destined for. Write it down. Once you do that those goals become real and you can start working towards them.

Here’s a glimpse at what Ryan’s Airbnb videos look like. This one is for a full private island rental in Belize:

from BroBible.com http://bit.ly/2I1Rv1V
via IFTTT

Top 5 Most Effective Cryptocurrency Trading Strategies

Standard

bitcoin trading exchange stock market investment, forex with trend of graph, price and candle stick chart, 3D illustration of stock crypto currency analysis graph, abstract background

The interesting thing about the cryptocurrency market? The top 5 most effective trading strategies in the forex and stock market also applies to the cryptocurrency world.

This makes the cryptocurrency trading market better for trading, since it is open 24/7, whereas the traditional stock market is only open for a window of time.  The future of cryptocurrency, and for trading in general, is all about simplicity, and the best trading strategies encapsulate that.

Find the right Broker

Before you can begin trading cryptocurrrencies, you have to make sure that you have the right broker. These can be few and far between as a number of brokers are less than reputable.

You have to find a broker that is fully regulated, has the assets that you want to trade and had an effective platform. One broker that you can try is IQ Option. You can read more about them in this IQ options cryptocurrency review.

You can test out the platform without having to fund. This will allow you to make sure that it is indeed the right product for you and whether you want to actually trade on it. Once you are complete then you create a live account and start trading.

A Caveat First: Safety, Emotion and Risk:Reward Ratio.

The first thing to query about when looking for the top cryptocurrency broker is how safe the websites and the servers are.  No matter how good your strategy is, without a reliable broker, you will still lose.

Emotional strength is also needed. Trading strategies ensure consistent results over time by preventing financial biases caused by behavior of the trader. The last thing one needs is a trade made based on their emotional behavior, which will mess up some and sometimes all of the account, be it profit or capital.

Range Strategy

For the breakout strategy, a 1:2 risk to reward ratio is an excellent framework for beginners. The strategy follows as such:

  1. Find a cryptocurrency that is in a range (meaning the cryptocurrency does not go lower than then short-term lows and not higher than short-term high)
  2. Set 1% of a stop below the short-term low, preferably with the price hitting the short-term low. This is the stop loss.
  3. Set 2% of buying price above the entry, for the take profit level.
  4. Buy the position when it hits the short-term low.

Works well when the market is ranging.

Though when the market is showing strong trends, this strategy mostly tends not to work too well, and can even incur a lot of losses.

Break strategy

For this strategy, you can just have a moving stop loss, which means you let your winners run and you just cut losess.

  1. Find a cryptocurrency that has a small range.
  2. Place a stop buy a few pips or satoshis above the short-term high.
  3. Place a stop loss at a few pips or satoshis below the short-term low.
  4. Enter a trade.

Pullback strategy

This works well with a set ratio like 1:2. Trending cryptocurrencies will give you profits but ranging ones may incur losses for you.

  1. Find a cryptocurrency that is trending up.
  2. Enter a trade if the price hits or touches the short-term low.
  3. Put a 1% stop loss from the nearest low.
  4. Put a 2% take profit above the nearest high.

Moving momentum strategy

This strategy is like the previous one where it works extremely well if the cryptocurrency is trending up or down. The difference is that you don’t put a take profit price or level, and just let the trade run if it is profitable.

  1. Find a cryptocurrency that is trending up.
  2. Enter a trade if the price hits or touches the short-term low.
  3. Put a 1% stop loss from the nearest low.
  4. Once you are profitable, move the stop loss from a 1% loss to break even to 1% profit for every 2% increase in price.

Bollinger band strategy

Bollinger band technique

This requires the Bollinger band technical tool at default settings. This tool gives you visual representation of what may be the place where a price may bounce. This works in a ranging cryptocurrency.

  1. Use the Bollinger band.
  2. Buy if the cryptocurrency hits the lowest Bollinger band or sell if it hits the highest Bollinger band.
  3. Place a 1% stop profit and 2% take profit.

Always set a clear goal each time before sitting down to trade and walk away once the goal is clear. Same goes for the losses. Walk away and come back tomorrow. There can always be opportunities in the future once again.

The post Top 5 Most Effective Cryptocurrency Trading Strategies appeared first on tradersdna – resources for traders/investors for Forex, Stocks, Commodities, Bitcoin, Blockchain, Fintech and Forum.

from tradersdna – resources for traders/investors for Forex, Stocks, Commodities, Bitcoin, Blockchain, Fintech and Forum http://bit.ly/2GbyqK3
via IFTTT

Ford vending machine begins dispensing cars in China

Standard

It is no longer enough simply to test-drive a vehicle by riding around the block while a salesperson gives you their well-rehearsed patter. Now, there needs to be some sort of theater around the purchase, or else how will you trick yourself into thinking that buying a car is fun? It’s why Ford and Alibaba leapt into bed together to build a vending machine for cars that you can try before you buy.

The Super Test-Drive Center in Guangzhou was announced at the tail-end of 2017, although the real thing doesn’t look as nice as the original renders. The job it does is the same, however, with the vending machine, which has a capacity of 42 cars, spitting out rides for prospective buyers. All they need to do is pay the necessary fees using Alibaba’s Tmall app and share a selfie to get their hands on the vehicle.

Users will have the pick of 10 different models, running from the Mondeo through to the Explorer and even an imported Mustang. They can then spend the next three days tooling around town before returning it to the machine for someone else to have a go. Users with specific Tmall profiles can even be offered discounts based on their shopping profiles as a way to get ’em to buy.

Unfortunately, the stunt is a limited-time deal, and according to Gasgoo, will only run between now and April 23rd. It’ll be interesting to see if the issue of avoiding salespeople and the neato vending machine will spark more purchases. Or, maybe, there are other things stopping us from all running out and snagging a brand new Mustang.

Source: Alibaba

from Engadget https://engt.co/2pEyThQ
via IFTTT