Greetings my fellow crypto peps! I hope you are doing well.
The Post:
"Get RICH Risking quickly or Anyway LOSE The Time Waiting for miracles" - Is an Article with my personal opinion on trading and always think out your ways using multiple sources to inform.
I can't unsee loads of the posts on the #squarecommunity with people crying out for advice regarding their #FutureTarding Positions gone badly, and most of them not sure about closing the position or waiting for the miracle(liquidation). DYOR
It is very dangerous to walk alone through the woods, especially at night. Always make sure you come prepared for all outcomes.
-Never let your Margin flash red and if it happens, you are already in trouble.
If you have a few dollars better put 'em on the spot before you liquidate on futures.
-Set a Stop Loss(SL) Price before or right after opening on the amount of -ROI% you are willing to lose that fight
Risking -800%ROI and opening position looking for 200-% is NOT SMART, and actions like that are only in the interest of the Exchanges. When I go for +200ROI, I would only risk +-75%
-Adjust an SL Price when in profit to secure your position
Especially when you play higher leverage or token that is pumping it is the best way to secure your trade, if you are let's say on 100%+ move your Stop Loss price in profit to +50%, and that way if the correction happens in case of Long or sudden price surge when Shorting you are protected with finishing in profit.
As the price is moving in your favor you can always move SL further into the Profit and Take Profit further with it, on that way, you are securing more profit on that position with each adjustment.
-Losing the time waiting for the comeback
If you open a position with a bad opening and the market starts moving not as you predicted, I think it is best to close the position in loss right away.
People are holding shorts even in this bullish market, even if they succeed in not getting liquidated it will be a long wait in most cases which makes them lose a lot of other better opportunities to open with the amount invested. This is especially the case in Cross-Margin positions but also that amount could be reinvested in another coin if the position is opened in an Isolated Margin.
-Be ready to lose and have your rules for losing
Always make a decision on how much you are willing to lose during the day/trade and if you step over it, JUST STOP! Maybe it is not your day or "Whales" are playing with token prices forcing sell/buy large quantities, and in that case, you are just a leaf on the wind and they will blow you away if you appear in their path.
Always remember to do your thinking, and find your conclusions after hearing more opinions and bits of advice first!
Thank you for reading, follow up for more!
End of the 1st part...
