IN THIS VOLATILE MARKET, THERE'S NO PERMANENT FRIEND OR ENEMY! WHEN TRADING FUTURES, ALWAYS MAKE SL YOUR FRIEND!
There have been lots of sad reactions and mixed feelings due to the liquidation of lots of positions earlier today caused by the bleeding 🩸 and extreme plummeting of the crypto market.
I'll be very precise, I feel so concerned & sorry for fellow traders who may have been swept by the storm but one one thing is to note if you're a high leverage trader. If you don't make "SL" your friend, You are bound to make the other "LIQUIDATION". In this business, there's no permanent friend or enemy, as trend changes & you're expected to go with the flow... Always make SL your friend when you open leverage trades because if you ignore, the other enemy crawls in inevitably! My very best wishes as we'll go Green soon again!
