Yesterbadday mistakes:
#1 Was in green = became confident.
#2 Did not plan safe margin for range.
#3 Opened multiple positions with same direction. Thus lost pricey time for manual stop loss. Thus tabbed one zero too many, once. Thus multiple difficult hedges. Thus lack of sleep.

$BTC watched the epic fight ... lack of sleep 🙈
Posts on binance are mostly hillarious, treat them just like you read comments on youtube or facebook.
Whales dump ... LOL ... thanks for the tip, dumping whales 😂

$BNB
I think Binance can allocate more to better trading fee discount schemes to include more of the 80% of the traders who have been contributing their money to prosper the rest 20% 😶

BTC dropped in a split second. Was gaining, but all sudden Stop Loss got hit, very lucky, could have lost a lot more.

My latest experiments was quite ok. Roughly 50-50 result during the experiment time. Alas, whole different result when I put it on real game. This is what happens with lots of newbies like me

Indecisive, experimenting with lazy trading set-ups, and making chart looks artistic. Very productive 😅

Who knows, right 😁

In the world of balls:
Some is good at basketball. Some at football. Some at tennis. Some at pingpong ...

Being tall will not guarantee you becoming good basketball player.
Having good body build will not guarantee you becoming good football player.
Having the best course will not guarantee you becoming good tennis player.
Having the latest racket will not guarantee you becoming good pingpong player.

In the crypto world:

Current fact is USDT APR is so low.
... perhaps USDT saving is too much
... or there are only few investors borrowing USDT
... ... perhaps buying power is low
... ... ... perhaps prices go lower and lower

Look up for 'Gambling' definition. I say we are all gamblers since none of us is 100% sure (we calculate chances).

in spot, we can early-bird buy before people tired saving usdt.
in future, we can open a sell positions.

The battle will be mostly spot buyers vs future sellers. Those, whales, holding floating profit since 2023 may also try to cash out "little" by "little".

Spot has been terrible to me, but i am not saying spot is bad for everyone.
Future has been kind to me, but i am not saying future is good for everyone.

Don't think that you need to be tall, well-build, have a good racket and good course to be a good player.

Understand the rules, make the gray cells work.

DYOR

Just sharing a future trade style that i do, based on good mathematics on chances.

I can't seem to find the proof to show leverage, but anyway:
Leverage = max for all positions.
Margin = each position usdt50 100 or 200.
TP= Mix manual and pre-planed.
SL = set as entering position using tp/sl or advance tp/sl (last price), mark price better ?

I have just finished a one coin 12 hour roller coaster.

The coolest pump I've seen so far.

Multiple hedgings and opposite positions to net almost USD 0.
I learned a lot, I am awed.

Again and again, there is no future if we do not have stop-loss.

I am ashamed to have gone without S/L, would have been easier than hedging and other tools.

DYOR

Kudos $WIF

Perspectives : perhaps the crypto dump causes the iran-israel tension 😂

Btw, no money is lost, just transferred to different hands 🤝

I closed an important short position 30 minutes before the dump ... dang 😅 !

The whales have just educated us.
Stop-loss or close all positions before leaving the mine fields.

I am quite lucky to have those habits. I was playing online game.

The luckiest of you are those who were still on short positions,
🥂 congrats !!!

Good PM
I am a newbie.
I am no expert.
I am no professional.
I am not going to share signals, because i don't trade signals.
I am sharing few but sound trading experience.

This time I post my concern; there are just too many post telling newbies not to trade future!

20 years ago I lost half my savings trading forex future. I, then, quitted. I was stupid, greedy, and emotional.

10 years ago I started investinh on stocks. Slow, very, but suits me. I was doing lots of other stuffs. I use cold money.

4 years ago I invested on crypto. I buy spots and let my coins sit until time to farm, similar to my stock strategy. I lost total 25%. I used cold money.

This time around, I wanted to learn crypto investing-trading. I liquidated all my coins and added some cold money as my 'school fees'. Soon I decided to stay with binance.

Earn: The whole market is cold or hot just by looking at the #usdt APY rate. High rate ~ hot market, vice versa. Filter selections before entering. This may not be important for spot!
---------------------------
When stuck there are only 2 decisions: hold or cut loss. Remember, in the end, you are the one executing.
---------------------------
Spot: Slow pace generally similar to stocks. I do this when I feel like fortune-telling that this or that coin is going to be pumped. And even fortune telling takes a lot of readings history, news, chart patterns. I avoid spot after holding #rei

Future: Mostly base on #btc direction. I try really hard to be strict to accept my wrong and stop loss at 1% of my total future wallet, but I ride my profit. Riding profit is time consuming. But I think I can only be right at 20 out of 100 transactions.

So far, I recover all my spots and bots losses from future trading. My math tells me future is more calculate-able than spot.

Do your own research, discover your own investing style.

I am open for peaceful and smart discussion, comment below...

A lot of ceilings are broken several times today from 1st floor all the way to 3rd - 11th floor ... bulls on rage

We sleep facing the evening stars tonight 😂

🕌 Happy Eid to celebrants🙏

Good AM

Yesterday was fun, there were enough over confident prices, for me to play with. And the market was mostly easy for newbie like me.

I woke up, today, with lost of hopes to find nothing to play easily with, yet. Starting to think, perhaps I lack greed, perhaps I shouldn't have closed all my positions, perhaps ...

Stupid how I am still willing to risk 200-300 over 10-30 ... need to fo something about this.

Waiting for the bulls.

#tons #ftm #xvg #neo

Unpopular opinion: Newbie should trade future*, never trade spot !
-------_------------_------

I'm joking ... spot and future has it's own purposes. Each requires different approaches and suits to the trader's personality.

People say newbie must not do future trading. That is very wrong. Do they mean go future trading later after passing the newbie tests ? Do they mean no newbie makes any profit there?

Anyway, i am a newbie.

I lost on spot trading more than i lost on future.

Spot trading teaches me to make excuses to justify my wrong decisions. The invincible feelings that time will bow and hand me my profits after a while. Holding some coins for years and then sold them just before august 2023 ouch ..

Future trading teaches me to make a back-up plan when things going against my judgements. The decision to enter the market becomes crucial, because whales earned their titles for their abilities, their funds are their trophies.

DYOR

Newbie Spot VS Future in simple language

Let's say :
A. You have $FDUSD only
B. You are investing in $BTC / $FDUSD pair

So, let's compare

Spot = FDUSD in spot wallet
Future = FDUSD in future wallet

+++++

Spot = You can only BUY BTC
Future = You can BUY or SELL BTC

+++++

Spot = Leverage is X1
Future = Leverage is optional from 1X up to 50X

example:
In 1X, price up/down of 0.01 FDUSD equals profit/loss of 0.01 FDUSD
In 10X, price up/down of 0.01 FDUSD equals profit/loss of 0.1 FDUSD
In 1X, price up/down of 19 FDUSD equals profit/loss of 19 FDUSD
In 20X, price up/down of 19 FDUSD equals profit/loss of 380 FDUSD

+++++

Spot = you do not have to sell the BTC you bought.

Future = you make a contract to settle/close your position using the FDUSD in your future wallet. You will be liquidated when the price moves against your position, and the total of your loss is equals to all the FDUSD in your future wallet. Meaning you then have 0 FDUSD in your future wallet.

CMIIW and as always DYOR
#future #spot #newbie #write2earn