Pro trader&invest since 2019. Happy to share my experience to the community. Make sure you follow me so you don't miss any big opportunity in the future. 🇻🇳🚀
1. Risk Management: Set a reasonable leverage level and only risk a small percentage of your trading capital on a single trade. This helps protect your account from rapid price movements.
2. Stop-Loss Orders: Always use stop-loss orders to limit potential losses. Set these orders at a level where you are comfortable taking the loss, based on your risk tolerance and analysis.
3. Diversify Trades: Avoid putting all your funds into a single trade. Diversifying your trades across different assets or trading pairs can help spread risk.
4. Monitoring Positions: Regularly monitor your open positions, especially in volatile markets. Be aware of market developments and news that may impact your trades.
5. Use Take-Profit Orders: Consider setting take-profit orders to secure profits when the market moves in your favor. This can help prevent the temptation to hold onto positions for too long.
6. Understand Liquidation Price: Be aware of your liquidation price, and ensure it is well below critical support levels. This reduces the risk of getting liquidated during temporary market fluctuations.
7. Stay Informed: Keep yourself informed about market conditions, news, and events that could affect the assets you are trading. Being aware of potential catalysts can help you make more informed decisions.
The best way to stay mentally stable is to buy and store in ledger for 2-3 halving periods. When your mentality is shaken, open the video of Michael Saylor talking about Bitcoin, after listening, you will be as steady as a mountain. Moreover, top alt coins can also be staked to get interest on the wallet while I am still holding coins. I have staked for 3 years now and the interest is the same as depositing in the bank. When holding coins on the exchange, I am very afraid of being hacked, and when my mentality is weak, I will immediately sell them. If I keep them on ledger, the procedure of transferring coins and unstaking will take a few weeks, so I will have enough time to calm down and look back at the goals I have set. In short, you should invest long-term because this is a potential market and it has only been around for 15 years. A market that has only been around for 15 years is too early to sell, too early! Regarding Bitcoin, I think it will be no less than 250k in this cycle. So you can buy at 15k, 30k, 45k, 65k, 80k, 120k, 200, 250k, don't let your emotions lead you, look far and see the value that Bitcoin brings to humanity. Most of us don't live in an environment that emphasizes privacy and censorship resistance, so it will be difficult to see the value of Bitcoin. It is a one-shot that changed human history. Don't sell when it is only 15 years old. On the macro side, this cycle has the participation of large organizations, investment funds, ETFs, governments, and in a few months, large companies will also copy the model of MicroStrategy, Trump's tax exemption policy and the national treasury reserve strategy will be passed when Trump takes office in January 2025. The next 12 months will be a reward for#Hodlersand also a punishment for the weak. So don't be stupid ass and sell your Bitcoin. $BTC
patient is the key to get rich. I bought from 19k to 35k. I do nothing from 35k to 99.8k. I will also do nothing from 100k to 250k above 250k I will think about selling. Just think about it, not sell immediately.
Follow me and pick the perfect time to get in&out. remember: 99.9% of the gain comes from waiting. $BTC 3x portfolio in less than 2 years (1.999 years I do nothing except waiting) .....and things just like the warm up
To trade Crypto Futures effectively, you can focus on the following factors:
1. Market knowledge and technical analysis Understanding how the crypto market works and mastering technical analysis tools such as moving averages, RSI, MACD, Bollinger Bands, etc. will help you identify price trends and determine accurate entry and exit points.
2. Strict risk management Futures is a highly leveraged form of trading, so the risks are also high. Set a reasonable stop-loss and never enter an order with an amount that is too large for your account. Capital management rules (e.g. only risk 1-2% per trade) will help you avoid heavy losses.
3. Stable mentality and discipline
The crypto market is highly volatile and can affect emotions. Staying calm, sticking to your strategy and avoiding emotional entry are the keys to long-term survival. Discipline helps you stick to your plan and avoid rash decisions.
4. Keep up with news and major events Cryptos often react quickly to news, especially major events such as network updates, government regulations, or statements from influential organizations.
5. Choose the right time frame and trading strategy Determine the time frame that suits your trading schedule and style, such as short-term trading (scaling), medium-term trading (swing trading), or long-term trading (position trading). Depending on the time frame, you can optimize your trading strategy to get the best results.
I am a freelance trader who has been trading Vietnamese stocks for 3 years, then switched to trading crypto since the 2020 pandemic.
Did you follow my last call $BTC if you miss it, dont fomo, there is always a opportunity if you have great tool in your hands. My trading strategy is that tool. take it and make money consistently.
You know what, I will have my first ever 10x if $BTC hit 80k. My first bought was in in the covid pandemic around 7k-9k. Follow me so you don't miss any call. btw, $ETH is also a good investment, my average is $800. I first bought at $400.
Hei #Followers! If you don't know how to trade, please take my method and make money consistently. DM me to get it for free. My telegram @Spaceconcept007
Who waant to use my trading tactic to get an edge over the market. 'the rule of space' - the most reliable trading tactic of all time. look at the entry on $ETH 👇 #TradingTips #FutureTradingSignals