Get the hell out of here. Talking without culture, what's the point of arguing about ants and waking up. Just opening your mouth smells bad.
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hoagl
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Playing the future without a stop-loss like this will sooner or later lead to losses. For example, during the last season, when Bitcoin dropped from 69k to 16k, if all coins are divided by 20 or 50, how are you going to average the price?
In addition, once a downtrend is confirmed, who can stop you from shorting? Long or short depends on the moment.
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hoagl
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Playing the future without a stop-loss like this will sooner or later lead to losses. For example, during the last season, when Bitcoin dropped from 69k to 16k, if all coins are divided by 20 or 50, how are you going to average the price?
just because you eat poop doesn't mean others do too. It never runs in such a straight line like that. I also clearly stated that if you break even or profit, then reduce the DCA portion, and continue DCA again.
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hoagl
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Playing the future without a stop-loss like this will sooner or later lead to losses. For example, during the last season, when Bitcoin dropped from 69k to 16k, if all coins are divided by 20 or 50, how are you going to average the price?
My post sharing about the Future received quite a lot of feedback, among which there are some people who did not fully understand my point, I would like to respond to some opinions as follows:
1/ This post is not for the Pros or those who are winning in the market, with stable profits, I am only sharing experiences for some brothers who are losing, burning accounts to limit the burning of accounts...
2/ The issue of maximum leverage X5, many brothers commented that leverage is not important to them or that they do not know about volume: I understand very well how leverage and volume work, the question is whether you understand what greed is? Use low leverage to limit your greed. Furthermore, when the account reaches its limit, you will not be able to add more orders. For example, if I trade X3, fully margined, I will not add more orders. At that time, my account can withstand a drop of 30% more without burning the account. If you use high leverage, can you add more orders at that time? As long as there is money, you can add more, right? What if the market continues to go against you? You will burn your account very quickly. That's the difference between low leverage and high leverage...🤣🤣🤣
3/ Some of you participate in this subject but ask very naive questions, such as how to DCA, how to close 50% of the orders.... You need to learn knowledge on YouTube, in those free groups, people share a lot... When you have experience, then participate in this subject, to avoid losing money unnecessarily...
Don't know how long you've been playing future? Volume and leverage are the most basic things, who doesn't know? The issue is when you go for high leverage and you see your account still has a lot of money, do you feel the urge to increase the volume again?
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LONG LÊ BP
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Some of you are really dumb, using a x100 leverage but with a volume of 10u is no different from taking a spot order of 1000$ , the only difference is that the funding fee is high, so holding the order for a long time will incur costs, unlike holding for several years like in spot.
Oh dear, the deep sweep is happening, I also warned that there would be another drop of about 10-20% and it indeed happened. Currently, BTC has passed the support level of 97-98 so it's dropping to 95. The new support level is at 92. If not, it might bounce back up right away. The liquidity sweep has already happened a bunch. It's really uncomfortable for you.
I know clearly about volume and leverage, that doesn't need explanation. The issue is with high leverage, you think you have more money to enter more positions, allowing for higher volume... The consequences are self-explanatory...
These past few days, I've seen many people complaining about losing their accounts, going negative because of Future. From my experience of having lost a lot of money due to Future, I've drawn some lessons:
1/ Do not use high leverage, maximum is 5x 2/ Only enter a small portion of the account, 1.2% per order 3/ Only trade in one direction 4/ Only invest in Top Coins, and it’s best to split into several orders across different coins. 5/ Be ready to DCA at reasonable points. 6/ Unless the Coin dies or the exchange collapses, just keep DCAing; as long as you DCA reasonably, you will never lose your account.
For example, if you buy BTC at 106K, when BTC drops to 102K, you DCA into one order, then at 98K you DCA into another order, and be ready to DCA multiple times like that to see if BTC can drop further??
When the order turns positive, you can cut back on the DCA portion to avoid the situation of it dropping again, which will make your entry look much better.
If you trade like that, even the exchange can’t take you out, unless the coin dies or the exchange collapses...
I'm only sharing about Future once, hoping those who are losing and have negative accounts can take away something...
luckily we are already out 80%. Now just DCA a little.
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Trading Insight
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Why, even today, despite the sharp price drop, I still feel quite stable and only DCA lightly along with buying a little bit of 1-2 coin codes. Those who follow all the channels can clearly see the entire process of my investment and sharing.
First, regarding the entry points from May-June-July to the period in September and taking profits at the end of November to the beginning of December. When I announced the purchase, many criticized me for buying without fear of a crash, and when I took profits recently, I was criticized for being too hasty. I really don’t care much because I just want to share the entry and exit points for everyone to consider.
As for my money, I spend my profits and don’t care about those who criticize me, so why should I be concerned? We are here for the same reason, mainly for reference, making our own decisions.
Regarding the fact that I have withdrawn over 80% of my capital and profits to handle personal matters, I only jumped into holding the portfolio I shared with the remaining 20%. I will share everything, so don’t say there’s nothing or keep quiet. Reading the entire post is sufficient. The profit-taking also aligns with the timing; I needed money while I had just finished a wave, waiting for a new wave to continue, so I’m taking it easy.
Currently, even though I have pumped money in, I haven’t poured it all in and only DCA lightly. The new portfolio that I entered before is down from 10-40%, but with quite a small amount of money, so I’m carefree. Please don’t ask why I still have money to buy; if you read all the posts, I explicitly mentioned the method of spreading purchases or breaking them down and the DCA points as well.
The movement of BTC is necessary; everyone needs to take profits when there's enough profit. As for the entry points, who doesn’t want a good entry point? But the market isn’t that easy; the previous wave, I fully benefited from it, buying and holding for 3-5 months with an average profit margin of 30-80%, with some codes doubling and tripling. So the new wave will also be like that; be patient.
$BTC survived and returned to shore. heartbroken. hoping all short traders return to shore. 1k3 is likely this correction, just a possibility. I'm also placing a Long order at 103k here.
Is the floor going to play with me? Whenever I sell, it goes up; when I short, it skyrockets, and when I go long, it drops immediately and burns me too. The other day I tried both long and short, and it burned me on both ends :))$BTC