But I'm sharing this experience to convey one simple message to you.
Don't Let Them Wipe You Out Of The Game.
Wealth is not generated by trading futures. It's about building a structural monument which is not built in a day.
I started small and had a shaky start. But my strategy was simple.
Build it from scratch.
I started small again and was slowly making it happen. Sharing my trades and of course signals every now and then with you. But liquidation slapped me harder and wiped my futures account.
But here's what I did before this bloodbath that makes me feel still confident and secured in this unpredictable market.
🔸When I started making profits I recovered my initial capital deployed for futures.
🔸Took some profits out to my bank as well
🔸Paid off some loans on Binance withdrawing a portion from my futures account.
And FYI that initial capital used was a loan taken by keeping crypto as a collateral. Yes, that's the power your assets possess. But I won't advise you to take a loan on your assets and start trading futures.
Don't ever think about it.
I know how much risk to take and was acting accordingly. TBH it was a decent sum I lost and was mainly a solid running profit.
So what went wrong?
Greed? Yes. I would say 50%.
Optimism? Fair enough & holds 50%.
But I made sure in advance that in any adverse situation no damage is done to my entire account and yet after this sudden massacre I'm standing strong.
Spot is growing. I'm earning everyday on my assets and that is passive income.
The only thing is I've to restart again in Futures but this time I know what "Not To Do". And yes I bought the dip today in my fav Alts.
I may have lost a 4 figure but I know it's the beginning of a journey towards 6 figures.
$XLM I think it will reach $1 and break its ATH. Reasons for that is $XLM price is correlated with $XRP as both operate in payments sector. Some analyst are also optimistic that its price could reach $1 in December 2024.
#BounceBit $BB is this right time to buy this token? I need suggestions. I have bought it at 0.4050 for spot trading. I will do DCA when it will fall down according to my budget. Thanks
$XRP Price Prediction: I think it will reach $2 or higher and even break its ATH and I am holding $XRP in spot till January 20 when Gary Gensler will resign and later I will see to sell or not.
Note: This is my personal opinion not a financial advice DYOR when trading. Always do DCA when trading in spot.
$FTM spot buying zone is 0.6638 to 0.6657 and start doing DCA if price falls below this price. Like, comment and share my post if you want signals like this.
$FTM spot buying zone is 0.6638 to 0.6657 and start doing DCA if price falls below this price. Like, comment and share my post if you want signals like this.
In my previous post I told buying zones of $FTM which were in between 0.71 to 0.72 and I too have bought it at 0.72 in spot. Now will do DCA if price falls further.
$COW is down 12 percent and $HMSTR is down 11.45 percent securing top and second positions in losers respectively. What are your opinion should one invest in these coins or not. Please tell in comments.
$FTM analysis Spot buying zones of $FTM is 0.71- 0.72. I think and hope that market will reach these zones just wait and see. I just did analysis on different time frames like 45 minutes, 1 hour, 3 hour and 4 hour and giving you entry points.
Note: Please don't do Future trading. I am only giving my opinion for spot trading. If you want to enter trade now its up to you but only use small percentage of your capital and always do DCA when trading.
Trump or Harris? Who you think will lead and become new President? Could Harris victory lead to dump in market or Trump win could signal boost in crypto market? Cast your vote and share your thoughts!
$OOKI is on top of the list in losers and has reached its all time low today on 11/4/2024 and about to be delisted from Binance and what you think will be the future of $OOKI after US elections?
SEC has filed to further investigate into Ripple which in return has prolonged the legal case. After the filing, some of the investors were cautious and hesitant and are waiting for further updates while others see it as minor setback. You could say market had mixed reactions.
On the other hand, ETF applications are being reviewed and if they get approved this can attract big investors and institutional interest.
Despite the major setback many $XRP investors are hopeful that ETF approvals could push the price in long run.
What you think will be the future of Ripple please share your thoughts in comments.
$TIA 's price is currently $5.8, and be aware that token unlock event is at 31st October 2024 and 175.75 million tokens whose worth will be more than $1 billion dollars will be released and which could increase supply and market volatility. This selling pressure could impact overall market price of $TIA .
$FTM It's right time to buy at spot According to my analysis I will buy now at 0.7230 and next support level is at 0.65 and $FTM have resistance at 0.75. Please do DCA according to your capital. Don't gamble and invest everything at one time.
Please be ensure I don't recommend anyone to do future trading only do spot. This is a good project it will benefit you. Just wait and see #HODLforBigGains #FTM #SpotTrade #ftm/usdt