#riskcontrol it's my wrongful act by opening a short when bt | GREEN LIGHTS _PH on Binance Square

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GREEN LIGHTS _PH

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#riskcontrol it's my wrongful act by opening a short when btc price was at 68k level , in this case I will wait the BTC  price goes down and close at the confirmed reversal assuming btc price will climb more higher .
this is for learning purposes for newbies 

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GREEN LIGHTS _PH

@BRANDY

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NEVER LIQUIDATED a good trader never Liquidated at any difficult situations of market due to severe fluctuations and manipulations , always bear in mind that Liquidations are for kids only . if you buy at dip and market goes against you open hedge position to protect your Liquidations price . even market price goes so deep you will never get Liquidated ,then wait for a confirmed reversal to close your hedge position . in this coming bull run do this strategy coz market price won't go straight . always remember Liquidations are for kids only .

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MOVE Your ENTRY PRICE TRICK you can move your entry price without risking your capital or jeopardizing it, if you check screen shot the entry price was BNB 654$ long position ,you can move your entry price at 569$ , simply close your long position and immediately buy at bottom . and check your balance capital it won't change or a little bit cut due to transactions fee. in this case you had made more stable position than previous position . think about this strategy this also useful when you are stuck due to hedging position . authors note- photo was barrowed from others post.

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my mentor ones said to me if you manage to survive in the most difficult situations in futures trading then you will be rewarded after blood bath .my position was SURVIVED from 70k down to 58k price level of Bitcoin . I never been liquidated during the blood bath process ,and honestly that was my acid test as a futures trader. For those who survived after blood bath brothers and sisters I humbly say's you are tough traders .

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we will rise again no storms will lasts forever ,it's time to recover our temporary looses for those who survived the storm. The sweetest moment of a trader is watching his position in recovery mode from the deepest struggles for a long time of difficulties . after all we will rise again and end up winners at last .

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THIS POSITION will SURVIVE FOREVER ones my mentor said ,if you will survived in any baddest market condition you will ended up winner at the end . Guys this is the true risk management you will only wait for the confirmed reversal then that's it.

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