Archives for January 2021

Pertinent Questions to Ask Before Buying CBD Online

Have you been wondering about buying CBD online and didn’t know how to go about it? It’s quite simple, and you need to check out the several brands available before choosing one that suits you best before placing the order.

However, before you place the order, you may have some pertinent questions for which you need the right answers. Did you know that CBD is one of the fastest-growing industries with several players in the market? However, not all may be safe, and you need to be cautious before buying.

Here are some questions to ask before buying CBD online:

Is the Product Tested by an Independent Lab?

One of the first questions you need to ask is whether a 3rd party lab duly tested the product. If it’s so tested, you should be able to view the lab reports. The lab report will give you information about the number of cannabinoids used and whether any contaminants were present.

Did a Certified Lab Perform the Analysis?

Another critical question is whether a certified lab performed the analysis. Labs that follow the prescribed procedures will ensure accurate analysis and reports. The lab has to be certified by the International Organization for Standardization (ISO). If the lab is certified by ISO, it meets the required standards. Some companies may have other certifications like ILAC; however, ISO certification is what is preferred.

Does the Report State there are no Contaminants?

The primary purpose of a laboratory report is to check if there are any contaminants present. Lab tests can detect the presence of metals or microbial contaminants like bacteria or mold, which are harmful to humans. If you check the “status” column in the report, you can establish whether the product has passed the test. If the contaminants exceed the safe limit, the report will say so, and the status will indicate “failed.” It is critical to understand how to read lab test results before buying CBD online.

Is the THC Content 0.3% or Less?

You are probably aware that THC is legal in a few states and illegal in many others. For a CBD product to be legal, it can contain only a specified amount of THC. The maximum permitted amount varies from 0.3% to 0.5%, depending on the state. This is the legally prescribed limit as it is considered safe and will not inflict any psychoactive effects of THC. It is always safer to pick a product that contains less than the specified amount of THC.

What Ingredients Go Into the Product?

Whenever you buy a product, it is advisable to look at the ingredients list. Manufacturers must list the ingredients the product contains, which need to be listed with the approx quantity.

Even if you can’t understand what each element stands for, it is easy to search online (Google search), get information about the ingredient, and find out how safe it is or whether it has any side effects. While at it, please check if the ingredients are natural and organic or have any additives that are not permitted.

What is the Source of the Hemp?

Hemp is the primary source from which CBD is extracted. It makes sense to know where and how the Hemp was cultivated. It is good to know if any chemical fertilizers were used while growing the Hemp and if any harmful pesticides were used to keep pests at bay.

Most manufacturers claim that the isolates they use were extracted from organic Hemp, which needs to be verified. If the manufacturer has a direct relationship with the Hemp-supplier/grower, they may have first-hand knowledge of the produce.

Summing it Up

Today’s world of e-commerce makes it easy to buy anything online. However, shoppers need to be cautious about the products they buy online and check their authenticity before buying. Most companies give details about the purity and potency of the ingredients used in their products, making them trustworthy.


What Are the Best Backtesting Strategies for Daily Traders?

For something so foundational, you need to put in more effort. Using bug-free backtesting software and trading strategies to backtest are the right steps to take. Here are some essential backtesting strategies for traders.

Prerequisites to Backtesting for Daily Traders

Backtesting as a trading strategy can be intimidating, especially to newcomers. This is because you may have even not landed on a strategy, so you have first to figure out what to test.

To get started, you’d require software that is capable of backtesting with all the historical data of the asset you’re trading.

After you’ve settled on software, you need to find an instrument. Since you’re day trading, you need to select tools that are highly liquid and volatile. This would allow you to get in and out of the market real quick. Forex and commodity futures are usually the best options.

If you already have the above mapped out, you can proceed with the following trading strategies for backtesting.

Momentum Trading

Momentum trading is excellent for day trading, with the assets moving as many as 20-30% in a single day. Since they are either in an upward or downward trend, they’re pretty much safe to trade.

Usually, you can look at the chart and tell whether the asset is in an uptrend or downtrend, but it’s best to backtest this strategy and confirm the entry and exit points. This way, you’d know if the trend is about to change and reverse. Based on the market’s momentum, you can hold the positions from a few minutes to the entire day.

Reversal Trading

Reversal trading is highly debated among traders because of the risk involved. It goes against the convention and asks you to trade against the trend. While there is a risk, the reward is also there for short-form day trading. You can make a profit within a few minutes or hours. Usually, whole day trading is not ideal with a reversal trading strategy.

To make the trading as safe as possible, you must backtest to check the reversal’s viability. You can spot things like Keltner Channel, Envelopes, Daily Pivot, among others. If the instrument goes to the extremes, it might be a good entry point for reversal trading. Backtesting will help you spot these with accuracy.

Range Trading

If you’re considering range trading, then backtesting is a must. Because ranges exist for a short period, usually minutes, you must spot them early to make a profit. Once you identify a range, profiting from them is easy and usually involves little to no risk.

In range trading, the asset or currency pair oscillates between a support and resistance level. Traders need to find the two levels and place either a buy entry or a sell entry. With backtesting, you’d be able to spot the support and resistance level accurately. It would make your trades much safer.

Breakout Trading

Breakout trading is the most commonly adopted trading strategy by day traders. A breakout occurs if the price breaks a range and either goes in an uptrend or downtrend. This is because the trade volume increases and becomes volatile.

If it’s an uptrend, then traders can safely enter into a long position. If it’s a downtrend, then entering a short position is critical. With backtesting, you’d be able to get these crucial breakout positions. You can also combine the breakout trading strategy with range trading to better understand the market movements.

A backtesting software will help you to test any of the above day trading strategies. Historical data is the key, and you should look at how much data the software offers.