Trading Pub – 15 Aug 24

00:00: Introducing Rowan Energy and its founder David.
02:14: Rowan Energy’s peer-to-peer energy trading model can reduce the payback period for solar installations.
08:28: Partnership with a UK biomethane producer, where Rowan Energy will track the embedded carbon in the production process.
10:58: Rowan Energy’s exponential growth, going from 2-3 employees to 36 in a short period of time.
14:46: Rowan Energy’s upcoming fundraising plans, aiming to raise between 3-4 million pounds for approximately 5% of the business.
18:46: Rowan Energy’s work on the carbon offset side, including plans to bring together industry experts to finalize the release.
21:09: Forming a “Carbon Transparent Trust” to provide assurance on the quality of carbon offset certificates.
23:33: The three main elements of Rowan Energy’s business: the general user, the smart miner, and the additional 10p per kilowatt hour payment.
28:43: The importance of using blockchain technology without requiring users to understand the underlying mechanics, similar to how the internet works.
30:27: Frustration with the FCA’s slow progress in regulating the cryptocurrency industry in the UK.
34:03: The tokenomics model, including the rewards pool funded by smart miner sales, certificate sales, and transaction fees.
37:41: The two main revenue streams for Rowan Energy: smart miner sales and the sale of carbon offset certificates.
41:12: Pressure on businesses to reduce carbon footprint and the options of paying fines, offsetting, or changing operations.
44:15: Rowan’s proof-of-generation blockchain and its low energy consumption compared to other blockchains.
49:16: Using the rewards pool to increase liquidity on the MEXC exchange.
51:52: Challenges of a low token price and the company’s plans to buy back tokens at favorable prices.
56:48: The long wait times for grid connection and the impact on idle solar projects.
01:06:10: Listing on exchanges requires providing liquidity, and concerns about the current Rowan liquidity pool size.
01:10:20: Vision of crypto enabling decentralised energy grids, and how Rowan Energy is helping realise this vision.
01:15:35: Challenges of integrating distributed energy sources into the grid, and the need for decentralized energy networks.
01:16:39: How individuals could become mini power stations, selling surplus energy to their local community using decentralised technology.
01:21:50: Has crypto harmed the reputation of blockchain? and its use cases.
01:25:51: Using blockchain for electoral voting systems to prevent voting fraud.
01:28:55: Analysing the US dollar index and its potential impact on crypto and other asset prices.
01:33:42: The recent price action in the S&P 500 and other major stock indices, and discussing the potential for V-shaped reversals.
01:34:49: An outlook on Bitcoin and Ethereum, and discussing potential trading strategies and positions.
01:36:49: The performance of other altcoins, such as TAO and KAS, and discussing potential trading opportunities.
01:39:07: Rumours of a potential scam involving Tron, and the need to gather more evidence before sharing the information.
01:40:14: DNX looks very weak and is resting at a major support level, potentially heading towards 25 cents.
01:44:23: Russia is one of the world’s largest Bitcoin miners, which could give them economic leverage against Western sanctions.
01:58:21: 100K in a MEXC derivative account, aiming to grow it to 1 million over the next year.
02:00:52: Using the USDTM Futures platform to trade assets other than just Ethereum and Bitcoin, with a $100,000 and £800 futures account ready for trading.
02:02:34: Setting up a trade with entry, stop loss, and take profit levels on the MEXC chart.
02:12:10: Opened the short trade, and manually added additional margin to ensure the liquidation price was beyond the stop loss.
02:15:26: Calculated the estimated funding rate earnings of 0.0078% of the position size every 8 hours for the Pepe trade.
02:20:24: Setting up a stop loss and margin for a trade.
02:21:11: Drift trading is not available on Uphold, and discusses the challenges of being in the US and UK for certain
02:29:23: The ability to split leverage across multiple trades on the same asset and the potential workarounds.
02:30:19: Executes the Uniswap trade, adjusting the margin to ensure the stop loss is above the desired level.
02:33:53: The need to log each trade, discussing the challenges faced and the overall profitability.
02:39:05: Limitations of the platform’s features for setting up take profit orders and suggests a manual approach instead.
02:41:06: MEXC tries to get traders to copy trade because it generates fees for the platform with each trade.
02:49:11: How to set up take profit orders, including the ability to partially close positions.
02:54:38: The easiest way to spot unreliable traders is to look for typical “follow me, copy trade me” type of posts.