LIVEThe rule of shorts 📈📉
There are many rules involved when trading futures for shorts, but these are some the best ones to note;
1. Nothing pumps forever🐻
2. If you miss the pump, try not to miss the dump
3. Only short a futures contract if you believe that the price of the underlying asset is going to go down.
4. Use stop-loss orders🎇
5. Understand the risks involved in shorting futures contracts
6. The best place to find tokens to short is from the TOP GAINERS column.
Once you master these techniques, you can be guaranteed of making a lot of money.
$PENDLE got above $1 the $XRP pump but now at $0.8. If you knew it was overvalued, you could have positioned for a short.
More #tradingtips soon...
What's your futures #tradingstrategy ?
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*🚨Post = NFA, dyor 🙏
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1. Paper Money 💵 :
It's backed by the government that issued it and mildly portable. It's relatively stable and not easily divisible. Also, it's widely accepted for payments.
2. Gold 🪙 :
Backed by its physical properties and scarcity. It is not portable and less volatile than $BTC .
3. Bitcoin 💹 :
Not backed by anything, but its value is derived from its scarcity and the demand for it as a store of value and a medium of exchange.
It is very portable and most volatile in nature. Smaller units are called satoshis. Adoption is still growing 💥
Where do you stand?
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Cheers !!!
Disclaimer 🚨
This post is for #educational purposes only and not a financial advice. Please always do your own research before Investing in any crypto 🙏.
