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š”A Beginnerās Guide to Building Your Binance Portfolio
#quinn_tips #BeginnerTrader
Many beginners on Binance Square seem unsure of how to start and end up following othersā strategies and signals blindly, often losing their capital within a month. This guide is here to help you avoid those pitfalls with a balanced, step-by-step approach to setting up a portfolio that works for both learning and long-term growth.
1) Set Up a Long-Term Portfolio
Allocate 20-50% of Your Funds: Use this portion of your funds for gradual, long-term investments in the most reputable cryptocurrencies. Pick a few from the top-10 list by market cap in any proportion you like. Personally, I use Binanceās Auto-Invest feature to invest in a top-10 index. Avoid buying a large amount at onceāinstead, set a schedule to invest a small amount weekly, daily, or twice a week, around 1% of your funds, which is a great way to implement Dollar-Cost Averaging (DCA).
Tip: Avoid selling your accumulated long-term assets. These should remain untouched, aiming for steady growth over time.
2) Build a Mid-Term Portfolio
Pick a Selection of Altcoins: For a mid-term strategy, choose a few altcoins or tokens to start investing in manually. Use about 1-2% of your funds per trade, and keep researching the market to expand your portfolio gradually. Aim for a maximum of 10-30 altcoins to stay diversified but manageable. ā¼ļøNo matter how promising a single altcoin may seem, never use a large amount of money on just one assetāwhether you have insights, signs from the stars, or scientific proof, just donāt do it.ā¼ļø
Tip: Plan to hold your mid-term assets until the peak of the next bull run. Donāt rush to sell once you see few red bars in a row. However, ā ļø be prepared to sell any poorly performing altcoins mid-way, even if it means taking a loss.
3) Keep a Reserve for Learning and Experimenting
Start with Small Trades on Spot: Keep some of your funds in reserve to experiment and learn with active trading. Avoid leverage trading (futures, options, margin) for at least a monthāideally three monthsāas it carries higher risk. Start by trading just one pair, such as SOL/USDT, on spot. Focusing on a single pair helps you become familiar with how it behaves, the specific patterns it tends to form, and the strategies that work best with it. Aim to buy low and sell high.
Gradual Increase in Trade Amounts: For the first month, keep trades to the smallest amount possible, around $5-6, to get comfortable without much risk. If you feel confident after a month, you can increase trade amounts to $15-20 in the second month, and up to $50 in the third month as you become familiar with the pairās behavior and effective strategies.
Conclusion
Disclaimer: Any type of investment carries risk, so approach your portfolio with caution and responsibility.
ā¼ļøā ļøā¼ļø Important: Donāt use all of your money for crypto. Donāt even use 1/2 or 1/4 of your money. Definitely, donāt sell your house to buy crypto. Start with the amount you are happy to lose. Donāt add more money than you allocated during first 3 months no matter what.
Personally, I allocate my funds roughly one-third each into long-term investments, mid-term altcoins, and a reserve for active trading.
This guide is far from complete; my aim was to keep it short and practical for beginners. If youāre interested, Iām happy to follow up on particular details, the mechanics, and the reasoning behind this approach.
This strategy is most effective with a minimum fund of $500. The reason is straightforward: the minimum trade size on spot is approximately $5, which constitutes 1% of $500.
Even if you want to put large amounts into crypto. Donāt do this right away. Use those $500-1000 and under any circumstances donāt deposit more during first 3 months or until you feel comfortable in navigating crypto market. If you feel urge to add more immediately because of any reason, it is classic FOMO. Market will be here tomorrow, it will be here in 3 months. Today bitcoin is 70k in a month it can be 120k in 3 month it can be 70k again. Believe me, you wont miss anything. Opportunities will always be there.
āØCheck-out #quinn_tips hashtag - I use it for educational content.
$SOL $USDC $FDUSD
Many beginners on Binance Square seem unsure of how to start and end up following othersā strategies and signals blindly, often losing their capital within a month. This guide is here to help you avoid those pitfalls with a balanced, step-by-step approach to setting up a portfolio that works for both learning and long-term growth.
1) Set Up a Long-Term Portfolio
Allocate 20-50% of Your Funds: Use this portion of your funds for gradual, long-term investments in the most reputable cryptocurrencies. Pick a few from the top-10 list by market cap in any proportion you like. Personally, I use Binanceās Auto-Invest feature to invest in a top-10 index. Avoid buying a large amount at onceāinstead, set a schedule to invest a small amount weekly, daily, or twice a week, around 1% of your funds, which is a great way to implement Dollar-Cost Averaging (DCA).
Tip: Avoid selling your accumulated long-term assets. These should remain untouched, aiming for steady growth over time.
2) Build a Mid-Term Portfolio
Pick a Selection of Altcoins: For a mid-term strategy, choose a few altcoins or tokens to start investing in manually. Use about 1-2% of your funds per trade, and keep researching the market to expand your portfolio gradually. Aim for a maximum of 10-30 altcoins to stay diversified but manageable. ā¼ļøNo matter how promising a single altcoin may seem, never use a large amount of money on just one assetāwhether you have insights, signs from the stars, or scientific proof, just donāt do it.ā¼ļø
Tip: Plan to hold your mid-term assets until the peak of the next bull run. Donāt rush to sell once you see few red bars in a row. However, ā ļø be prepared to sell any poorly performing altcoins mid-way, even if it means taking a loss.
3) Keep a Reserve for Learning and Experimenting
Start with Small Trades on Spot: Keep some of your funds in reserve to experiment and learn with active trading. Avoid leverage trading (futures, options, margin) for at least a monthāideally three monthsāas it carries higher risk. Start by trading just one pair, such as SOL/USDT, on spot. Focusing on a single pair helps you become familiar with how it behaves, the specific patterns it tends to form, and the strategies that work best with it. Aim to buy low and sell high.
Gradual Increase in Trade Amounts: For the first month, keep trades to the smallest amount possible, around $5-6, to get comfortable without much risk. If you feel confident after a month, you can increase trade amounts to $15-20 in the second month, and up to $50 in the third month as you become familiar with the pairās behavior and effective strategies.
Conclusion
Disclaimer: Any type of investment carries risk, so approach your portfolio with caution and responsibility.
ā¼ļøā ļøā¼ļø Important: Donāt use all of your money for crypto. Donāt even use 1/2 or 1/4 of your money. Definitely, donāt sell your house to buy crypto. Start with the amount you are happy to lose. Donāt add more money than you allocated during first 3 months no matter what.
Personally, I allocate my funds roughly one-third each into long-term investments, mid-term altcoins, and a reserve for active trading.
This guide is far from complete; my aim was to keep it short and practical for beginners. If youāre interested, Iām happy to follow up on particular details, the mechanics, and the reasoning behind this approach.
This strategy is most effective with a minimum fund of $500. The reason is straightforward: the minimum trade size on spot is approximately $5, which constitutes 1% of $500.
Even if you want to put large amounts into crypto. Donāt do this right away. Use those $500-1000 and under any circumstances donāt deposit more during first 3 months or until you feel comfortable in navigating crypto market. If you feel urge to add more immediately because of any reason, it is classic FOMO. Market will be here tomorrow, it will be here in 3 months. Today bitcoin is 70k in a month it can be 120k in 3 month it can be 70k again. Believe me, you wont miss anything. Opportunities will always be there.
āØCheck-out #quinn_tips hashtag - I use it for educational content.
$SOL $USDC $FDUSD
šMaximising Trade Opportunities with Alerts: Essential or Overkill?
#quinn_tips #BeginnerTrader
I recently hit the limit of alerts on both Binance and TradingView because I rely on them so heavily. If youāre not using alerts yet, you should beāhereās why theyāre essential.
Why Alerts Matter
Alerts allow traders to monitor market movements and respond quickly to key changes. For me, price alerts are essential, with volume alerts occasionally added to catch sudden shifts in trading momentum. On TradingView, you can even set alerts on indicators but I rarely do this. In a volatile market, these alerts help capture timely entry and exit points without being glued to the screen.
Benefits of Using Alerts to the Max
Alerts let you manage trades effectively without constantly watching the market. Well-placed alerts ensure I donāt miss the key levels and moves Iāve been tracking, allowing me to make informed decisions quickly.
Practical Tips for Setting Alerts
1. Define Key Levels: Use alerts to monitor essential price levels or volume changes. Focus on support, resistance, and breakout points to stay ready for major moves.
With altcoins I rarely buy them right away, instead I read chart and set alerts at levels I think are good for buying/selling - and then I patiently wait for days or sometimes weeks. It is almost like putting a stop-limit order without locking actual funds.
2. Avoid Alert Overload on a Single Chart: Itās tempting to place multiple alerts on a single asset, but that can lead to distraction. Instead, spreading alerts across different assets allows you to monitor several opportunities without constantly switching between charts.
E.g. alerts help me track moves of more than 30 alt coins - remember, I believe in diversification more than in luck.
3. Review and Adjust Regularly: Markets change, so your alerts should too. I often add a new alert when a previous one fires, to mark a level where Iād like to buy more or sell.
In Conclusion
Price and volume alerts have become essential to my trading approach, giving me both flexibility and confidence in a fast-paced market. If you havenāt set any yet, start with key price or volume alerts and see how they can enhance your strategy and boost your productivity.
$ETH $BNB $USDC
I recently hit the limit of alerts on both Binance and TradingView because I rely on them so heavily. If youāre not using alerts yet, you should beāhereās why theyāre essential.
Why Alerts Matter
Alerts allow traders to monitor market movements and respond quickly to key changes. For me, price alerts are essential, with volume alerts occasionally added to catch sudden shifts in trading momentum. On TradingView, you can even set alerts on indicators but I rarely do this. In a volatile market, these alerts help capture timely entry and exit points without being glued to the screen.
Benefits of Using Alerts to the Max
Alerts let you manage trades effectively without constantly watching the market. Well-placed alerts ensure I donāt miss the key levels and moves Iāve been tracking, allowing me to make informed decisions quickly.
Practical Tips for Setting Alerts
1. Define Key Levels: Use alerts to monitor essential price levels or volume changes. Focus on support, resistance, and breakout points to stay ready for major moves.
With altcoins I rarely buy them right away, instead I read chart and set alerts at levels I think are good for buying/selling - and then I patiently wait for days or sometimes weeks. It is almost like putting a stop-limit order without locking actual funds.
2. Avoid Alert Overload on a Single Chart: Itās tempting to place multiple alerts on a single asset, but that can lead to distraction. Instead, spreading alerts across different assets allows you to monitor several opportunities without constantly switching between charts.
E.g. alerts help me track moves of more than 30 alt coins - remember, I believe in diversification more than in luck.
3. Review and Adjust Regularly: Markets change, so your alerts should too. I often add a new alert when a previous one fires, to mark a level where Iād like to buy more or sell.
In Conclusion
Price and volume alerts have become essential to my trading approach, giving me both flexibility and confidence in a fast-paced market. If you havenāt set any yet, start with key price or volume alerts and see how they can enhance your strategy and boost your productivity.
$ETH $BNB $USDC
š”How Much Can One Lose in Futures Trading āļø
#quinn_tips #BeginnerTrader #FuturesTrading
I just wanted to remind few important points about losses in crypto futures trading. In every trade you place there is only one person who can control amount of potential loses. This person is you.
You have two important parameters under your control and with those you can control potential loses:
* position size
* stop-loss price level
Please, remeber to be cruel to your losing trades, abandon hope and when price goes against you - commit loses at your predefined levels šøšøšøšø. This will save your capital and let you stay in the game.š°š°
$SOL $ETH $BTC
#quinn_tips #BeginnerTrader #FuturesTrading
I just wanted to remind few important points about losses in crypto futures trading. In every trade you place there is only one person who can control amount of potential loses. This person is you.
You have two important parameters under your control and with those you can control potential loses:
* position size
* stop-loss price level
Please, remeber to be cruel to your losing trades, abandon hope and when price goes against you - commit loses at your predefined levels šøšøšøšø. This will save your capital and let you stay in the game.š°š°
$SOL $ETH $BTC
Are You Ready for Crypto Futures Trading?
#BeginnerTrader #quinn_tips #CryptoAMA
Futures trading isnāt just about potential profits; it demands disciplined money management and a solid risk approach. Hereās a quick exercise to gauge your readiness:
1. Pick a top-10 coin youād consider trading, e.g. $BTC , $ETH or $SOL
2. Set up a hypothetical trade: decide on your entry price, stop loss (SL), and take-profit (TP) targets.
3. Mark these lines on a chart:
Entry: Yellow š”Stop Loss: Red š“Take Profit: Green š¢
4. Note down the position size š°youād plan to take.
Now, ask yourself:
Whatās my potential loss if the trade goes against me?Whatās my profit if it moves in my favor?How much would each be as a percentage of my account?Would I feel comfortable leaving this trade unattended for a few days?
Finally, keep these drawings on the chart and revisit them later.
How does this hypothetical trade feel in hindsight? Seeing where the price went, what might you adjust next time?
Thatās your free futures trading lesson and simulation platform! Say thanks š
Futures trading isnāt just about potential profits; it demands disciplined money management and a solid risk approach. Hereās a quick exercise to gauge your readiness:
1. Pick a top-10 coin youād consider trading, e.g. $BTC , $ETH or $SOL
2. Set up a hypothetical trade: decide on your entry price, stop loss (SL), and take-profit (TP) targets.
3. Mark these lines on a chart:
Entry: Yellow š”Stop Loss: Red š“Take Profit: Green š¢
4. Note down the position size š°youād plan to take.
Now, ask yourself:
Whatās my potential loss if the trade goes against me?Whatās my profit if it moves in my favor?How much would each be as a percentage of my account?Would I feel comfortable leaving this trade unattended for a few days?
Finally, keep these drawings on the chart and revisit them later.
How does this hypothetical trade feel in hindsight? Seeing where the price went, what might you adjust next time?
Thatās your free futures trading lesson and simulation platform! Say thanks š
š To Aspiring Traders Looking to Earn Big, Fast
#quinn_tips #BeginnerTrader
Many beginners come to crypto with dreams of quick, easy gains. But reality paints a different picture. Statistics reveal a low success rate among retail traders, especially for those who dive into complex trades without preparation. A professional trader once said, āIf you need money that badly, the market is not going to give it to you.ā Our curse is ATM mentality, when we press the buttons and it does not print money we blame the machine, the bank and the government š, but market is no ATM and here we can only blame ourselves for our mistakes. This truth is harsh but important to understand.
Professional traders often refer to retail tradersāus beginnersāas ādummiesā and even worse. Why? Because weāre quick to use high leverage on futures, treating contracts for difference (CFDs) as shortcuts to wealth. Meanwhile, theyāre busy building positions on spot, with a disciplined approach that emphasizes accumulating valuable assets over time.
If youāre a beginner with big financial goals, here are some essential tips to set yourself up for long-term success:
1. Prioritize Investment Over Trading: Begin by building a portfolio rather than jumping straight into active trading. Focus on gradual growth and value accumulation.
2. Start on Spot Markets First: If trading is what you truly want, test your strategies on spot trades. Only when youāre consistently profitable on spot should you consider futures trading.
3. My Opinion on Trading Approaches: In my view, day trading and swing trading are some of the hardest strategies for beginners to succeed in. Position trading can be more forgiving, though it typically requires a higher capital base and greater tolerance for volatility. Unfortunately, many retail traders with small initial capital find themselves limited to short-term trading options, which come with high risk.
4. Bring Sufficient Capital: Unfortunately, the right starting position often requires more than $50-100. A small capital pool restricts your options and tempts you into risky all-in trades. Professionals can grow even small amounts, but for us, without their expertise, that capital limitation often leads to failure.
5. Learn from True Professionals: Seek out content from real professional traders, especially those with experience on trading floors. Their disciplined approach and mindset offer a valuable contrast to the fast-money mentality often seen on social media. Learning from them can help you build a more grounded and effective trading foundation.
6. Master the Mechanics: Take the time to learn and incorporate the tools your exchange provides. Familiarize yourself with every button, order type, and featureāunderstand them thoroughly. Experiment with small amounts to make each action second nature, so that when it matters, your response is confident and instinctive. This foundation is essential for navigating markets effectively.
Itās worth noting that exchanges, influencers, and tutorials often promote short-term trading as if itās the golden ticket. Exchanges incentivize it with mechanisms like funding fees, and social media often glorifies rapid trading profits. But the truth is, trading is a skill. For professionals, itās a job theyāve mastered. For beginners, itās a steep learning curve. Donāt get me wrong, there is a chance someone can pick that one coin go all in and quickly become rich. It is just this strategy is not sustainable, I would not call it a strategy. It is a gambling, it can be thrilling and fun and in most cases it will wipe the account š±.
Conclusion: Build wisely, start simply, and think long-term. The market can be a source of growth, but it doesnāt reward those who chase after money without the right mindset and preparation.
$ETH $BTC $FDUSD
Check out #quinn_tips hash tag for more educational content.
Many beginners come to crypto with dreams of quick, easy gains. But reality paints a different picture. Statistics reveal a low success rate among retail traders, especially for those who dive into complex trades without preparation. A professional trader once said, āIf you need money that badly, the market is not going to give it to you.ā Our curse is ATM mentality, when we press the buttons and it does not print money we blame the machine, the bank and the government š, but market is no ATM and here we can only blame ourselves for our mistakes. This truth is harsh but important to understand.
Professional traders often refer to retail tradersāus beginnersāas ādummiesā and even worse. Why? Because weāre quick to use high leverage on futures, treating contracts for difference (CFDs) as shortcuts to wealth. Meanwhile, theyāre busy building positions on spot, with a disciplined approach that emphasizes accumulating valuable assets over time.
If youāre a beginner with big financial goals, here are some essential tips to set yourself up for long-term success:
1. Prioritize Investment Over Trading: Begin by building a portfolio rather than jumping straight into active trading. Focus on gradual growth and value accumulation.
2. Start on Spot Markets First: If trading is what you truly want, test your strategies on spot trades. Only when youāre consistently profitable on spot should you consider futures trading.
3. My Opinion on Trading Approaches: In my view, day trading and swing trading are some of the hardest strategies for beginners to succeed in. Position trading can be more forgiving, though it typically requires a higher capital base and greater tolerance for volatility. Unfortunately, many retail traders with small initial capital find themselves limited to short-term trading options, which come with high risk.
4. Bring Sufficient Capital: Unfortunately, the right starting position often requires more than $50-100. A small capital pool restricts your options and tempts you into risky all-in trades. Professionals can grow even small amounts, but for us, without their expertise, that capital limitation often leads to failure.
5. Learn from True Professionals: Seek out content from real professional traders, especially those with experience on trading floors. Their disciplined approach and mindset offer a valuable contrast to the fast-money mentality often seen on social media. Learning from them can help you build a more grounded and effective trading foundation.
6. Master the Mechanics: Take the time to learn and incorporate the tools your exchange provides. Familiarize yourself with every button, order type, and featureāunderstand them thoroughly. Experiment with small amounts to make each action second nature, so that when it matters, your response is confident and instinctive. This foundation is essential for navigating markets effectively.
Itās worth noting that exchanges, influencers, and tutorials often promote short-term trading as if itās the golden ticket. Exchanges incentivize it with mechanisms like funding fees, and social media often glorifies rapid trading profits. But the truth is, trading is a skill. For professionals, itās a job theyāve mastered. For beginners, itās a steep learning curve. Donāt get me wrong, there is a chance someone can pick that one coin go all in and quickly become rich. It is just this strategy is not sustainable, I would not call it a strategy. It is a gambling, it can be thrilling and fun and in most cases it will wipe the account š±.
Conclusion: Build wisely, start simply, and think long-term. The market can be a source of growth, but it doesnāt reward those who chase after money without the right mindset and preparation.
$ETH $BTC $FDUSD
Check out #quinn_tips hash tag for more educational content.
āØ āLosses Are Normalā ā The Biggest Lie in Trading
Many traders comfort themselves with the idea that constant losses and liquidations are just part of the game. But letās look at the numbers.
Institutional traders used to publish reports to the SEC, showing their daily trading performance. The result? They were profitable over 80% of the time. And on winning days they earned way more than they lost on bad days.
So if we keep losing trade after trade, hoping for a turnaround while doing the same thing, weāre just fooling ourselves. The market doesnāt reward stubbornness. It rewards adaptability.
The only way to survive isnāt by fighting institutionsāitās by understanding their strategies and aligning with them.
#quinn_tips $BTC $ETH $SOL
Many traders comfort themselves with the idea that constant losses and liquidations are just part of the game. But letās look at the numbers.
Institutional traders used to publish reports to the SEC, showing their daily trading performance. The result? They were profitable over 80% of the time. And on winning days they earned way more than they lost on bad days.
So if we keep losing trade after trade, hoping for a turnaround while doing the same thing, weāre just fooling ourselves. The market doesnāt reward stubbornness. It rewards adaptability.
The only way to survive isnāt by fighting institutionsāitās by understanding their strategies and aligning with them.
#quinn_tips $BTC $ETH $SOL
ā ļø Profit alert! This $500 crypto portfolio strategy will perform better than your bank savings ā¼ļø
#BeginnerTrader #quinn_tips
It is must read for beginners.
Disclaimer: I know this is a clickbaity title. But you wonāt read it unless it is clickbait, right?
Of course Iāll remove this post in a few days, since I as well hate these types of social engineering tricks š.
$BTC $USDC $HMSTR #CryptoAMA
#BeginnerTrader #quinn_tips
It is must read for beginners.
Disclaimer: I know this is a clickbaity title. But you wonāt read it unless it is clickbait, right?
Of course Iāll remove this post in a few days, since I as well hate these types of social engineering tricks š.
$BTC $USDC $HMSTR #CryptoAMA
š”A Beginnerās Guide to Building Your Binance Portfolio
#quinn_tips #BeginnerTrader
Many beginners on Binance Square seem unsure of how to start and end up following othersā strategies and signals blindly, often losing their capital within a month. This guide is here to help you avoid those pitfalls with a balanced, step-by-step approach to setting up a portfolio that works for both learning and long-term growth.
1) Set Up a Long-Term Portfolio
Allocate 20-50% of Your Funds: Use this portion of your funds for gradual, long-term investments in the most reputable cryptocurrencies. Pick a few from the top-10 list by market cap in any proportion you like. Personally, I use Binanceās Auto-Invest feature to invest in a top-10 index. Avoid buying a large amount at onceāinstead, set a schedule to invest a small amount weekly, daily, or twice a week, around 1% of your funds, which is a great way to implement Dollar-Cost Averaging (DCA).
Tip: Avoid selling your accumulated long-term assets. These should remain untouched, aiming for steady growth over time.
2) Build a Mid-Term Portfolio
Pick a Selection of Altcoins: For a mid-term strategy, choose a few altcoins or tokens to start investing in manually. Use about 1-2% of your funds per trade, and keep researching the market to expand your portfolio gradually. Aim for a maximum of 10-30 altcoins to stay diversified but manageable. ā¼ļøNo matter how promising a single altcoin may seem, never use a large amount of money on just one assetāwhether you have insights, signs from the stars, or scientific proof, just donāt do it.ā¼ļø
Tip: Plan to hold your mid-term assets until the peak of the next bull run. Donāt rush to sell once you see few red bars in a row. However, ā ļø be prepared to sell any poorly performing altcoins mid-way, even if it means taking a loss.
3) Keep a Reserve for Learning and Experimenting
Start with Small Trades on Spot: Keep some of your funds in reserve to experiment and learn with active trading. Avoid leverage trading (futures, options, margin) for at least a monthāideally three monthsāas it carries higher risk. Start by trading just one pair, such as SOL/USDT, on spot. Focusing on a single pair helps you become familiar with how it behaves, the specific patterns it tends to form, and the strategies that work best with it. Aim to buy low and sell high.
Gradual Increase in Trade Amounts: For the first month, keep trades to the smallest amount possible, around $5-6, to get comfortable without much risk. If you feel confident after a month, you can increase trade amounts to $15-20 in the second month, and up to $50 in the third month as you become familiar with the pairās behavior and effective strategies.
Conclusion
Disclaimer: Any type of investment carries risk, so approach your portfolio with caution and responsibility.
ā¼ļøā ļøā¼ļø Important: Donāt use all of your money for crypto. Donāt even use 1/2 or 1/4 of your money. Definitely, donāt sell your house to buy crypto. Start with the amount you are happy to lose. Donāt add more money than you allocated during first 3 months no matter what.
Personally, I allocate my funds roughly one-third each into long-term investments, mid-term altcoins, and a reserve for active trading.
This guide is far from complete; my aim was to keep it short and practical for beginners. If youāre interested, Iām happy to follow up on particular details, the mechanics, and the reasoning behind this approach.
This strategy is most effective with a minimum fund of $500. The reason is straightforward: the minimum trade size on spot is approximately $5, which constitutes 1% of $500.
Even if you want to put large amounts into crypto. Donāt do this right away. Use those $500-1000 and under any circumstances donāt deposit more during first 3 months or until you feel comfortable in navigating crypto market. If you feel urge to add more immediately because of any reason, it is classic FOMO. Market will be here tomorrow, it will be here in 3 months. Today bitcoin is 70k in a month it can be 120k in 3 month it can be 70k again. Believe me, you wont miss anything. Opportunities will always be there.
āØCheck-out #quinn_tips hashtag - I use it for educational content.
$SOL $USDC $FDUSD
Many beginners on Binance Square seem unsure of how to start and end up following othersā strategies and signals blindly, often losing their capital within a month. This guide is here to help you avoid those pitfalls with a balanced, step-by-step approach to setting up a portfolio that works for both learning and long-term growth.
1) Set Up a Long-Term Portfolio
Allocate 20-50% of Your Funds: Use this portion of your funds for gradual, long-term investments in the most reputable cryptocurrencies. Pick a few from the top-10 list by market cap in any proportion you like. Personally, I use Binanceās Auto-Invest feature to invest in a top-10 index. Avoid buying a large amount at onceāinstead, set a schedule to invest a small amount weekly, daily, or twice a week, around 1% of your funds, which is a great way to implement Dollar-Cost Averaging (DCA).
Tip: Avoid selling your accumulated long-term assets. These should remain untouched, aiming for steady growth over time.
2) Build a Mid-Term Portfolio
Pick a Selection of Altcoins: For a mid-term strategy, choose a few altcoins or tokens to start investing in manually. Use about 1-2% of your funds per trade, and keep researching the market to expand your portfolio gradually. Aim for a maximum of 10-30 altcoins to stay diversified but manageable. ā¼ļøNo matter how promising a single altcoin may seem, never use a large amount of money on just one assetāwhether you have insights, signs from the stars, or scientific proof, just donāt do it.ā¼ļø
Tip: Plan to hold your mid-term assets until the peak of the next bull run. Donāt rush to sell once you see few red bars in a row. However, ā ļø be prepared to sell any poorly performing altcoins mid-way, even if it means taking a loss.
3) Keep a Reserve for Learning and Experimenting
Start with Small Trades on Spot: Keep some of your funds in reserve to experiment and learn with active trading. Avoid leverage trading (futures, options, margin) for at least a monthāideally three monthsāas it carries higher risk. Start by trading just one pair, such as SOL/USDT, on spot. Focusing on a single pair helps you become familiar with how it behaves, the specific patterns it tends to form, and the strategies that work best with it. Aim to buy low and sell high.
Gradual Increase in Trade Amounts: For the first month, keep trades to the smallest amount possible, around $5-6, to get comfortable without much risk. If you feel confident after a month, you can increase trade amounts to $15-20 in the second month, and up to $50 in the third month as you become familiar with the pairās behavior and effective strategies.
Conclusion
Disclaimer: Any type of investment carries risk, so approach your portfolio with caution and responsibility.
ā¼ļøā ļøā¼ļø Important: Donāt use all of your money for crypto. Donāt even use 1/2 or 1/4 of your money. Definitely, donāt sell your house to buy crypto. Start with the amount you are happy to lose. Donāt add more money than you allocated during first 3 months no matter what.
Personally, I allocate my funds roughly one-third each into long-term investments, mid-term altcoins, and a reserve for active trading.
This guide is far from complete; my aim was to keep it short and practical for beginners. If youāre interested, Iām happy to follow up on particular details, the mechanics, and the reasoning behind this approach.
This strategy is most effective with a minimum fund of $500. The reason is straightforward: the minimum trade size on spot is approximately $5, which constitutes 1% of $500.
Even if you want to put large amounts into crypto. Donāt do this right away. Use those $500-1000 and under any circumstances donāt deposit more during first 3 months or until you feel comfortable in navigating crypto market. If you feel urge to add more immediately because of any reason, it is classic FOMO. Market will be here tomorrow, it will be here in 3 months. Today bitcoin is 70k in a month it can be 120k in 3 month it can be 70k again. Believe me, you wont miss anything. Opportunities will always be there.
āØCheck-out #quinn_tips hashtag - I use it for educational content.
$SOL $USDC $FDUSD
4 Trading Fears according to Dr David Paul. #quinn_tips
1. Fear of being wrong
2. Fear of loosing money
3. FOMO
4. Fear of leaving money on the table.
Sincerely yours #BeginnerTrader š£is guilty of all of them š
1. Fear of being wrong
2. Fear of loosing money
3. FOMO
4. Fear of leaving money on the table.
Sincerely yours #BeginnerTrader š£is guilty of all of them š
š”One of the most important #quinn_tips you ever get from meāļøā
This is a tip which will require few hours of your quality time to comprehend and will not cost you any money.
You will appreciate this tip if you are struggling to become a consistently profitable in trading and is frustrated by hundreds of screenshot of other traders making thousands, trying to follow signals and strategies and cannot come even close to what others seem to be achieving easily.
Are you ready?
Search in a popular streaming platform (I believe you know which one, and know why Iām not naming it) Anton Kreil and find 2h+ long video.
Sounds too much? Try it and thank me later.
I am not asking you to listen to dozen lectures from Columbia University about market theory or Banking system history or money theory or read all books by Adam Smith and Friedrich Hayek (I read them many years ago more than once) or Milton Friedman (you can even find his lectures online).
Compared to those, the one I recommend, is an entertainment to watch.
I wish all of you Happy New Year and I hope it will be profitable one for all of us! šššš
This is a tip which will require few hours of your quality time to comprehend and will not cost you any money.
You will appreciate this tip if you are struggling to become a consistently profitable in trading and is frustrated by hundreds of screenshot of other traders making thousands, trying to follow signals and strategies and cannot come even close to what others seem to be achieving easily.
Are you ready?
Search in a popular streaming platform (I believe you know which one, and know why Iām not naming it) Anton Kreil and find 2h+ long video.
Sounds too much? Try it and thank me later.
I am not asking you to listen to dozen lectures from Columbia University about market theory or Banking system history or money theory or read all books by Adam Smith and Friedrich Hayek (I read them many years ago more than once) or Milton Friedman (you can even find his lectures online).
Compared to those, the one I recommend, is an entertainment to watch.
I wish all of you Happy New Year and I hope it will be profitable one for all of us! šššš
#quinn_tips I actually think this is a reasonable strategy which I implement.
I created two auto-invest portfolios of promising alts and scheduled them to invest small amount daily. Iāll keep them running for 1-2 weeks. Usually alt season is delayed a week or two after genuine bull run, so Iāll know exactly when to stop them.
One of my plans includes $SOL $XRP $VIDT and few more. Another one - quite a few cheaper and more volatile alts.
#BeginnerTrader
I created two auto-invest portfolios of promising alts and scheduled them to invest small amount daily. Iāll keep them running for 1-2 weeks. Usually alt season is delayed a week or two after genuine bull run, so Iāll know exactly when to stop them.
One of my plans includes $SOL $XRP $VIDT and few more. Another one - quite a few cheaper and more volatile alts.
#BeginnerTrader
Following up on fee-saving strategies, Binanceās Auto-Invest is another great option for long-term holders. Allocating just 10-20% of your funds and DCA-ing over 10-12 weeks helps you build positions gradually, while keeping trading fees lower.
#quinn_tips
#BeginnerTrader #ETHš„š„š„š„
$ETH $SOL $SUI
#quinn_tips
#BeginnerTrader #ETHš„š„š„š„
$ETH $SOL $SUI
ā¼ļø Iām seeing a lot of posts here on Square about how people go all in into single alt coin and suffer losses. I think I have to say this again:
ā ļø If you are looking to buy some alts, be careful, trade small and diversify. E.g. my investment into any one alt is around 1% of my funds, for rare potential unicorns - 2-3%.
ā¹ļø Just to give you an idea about what is good funds allocation in my opinion, I keep it like this:
1/3 - stable coins, primarily USDT
1/3 - top coins: $BTC, $ETH, $SOL, BNB
1/3 - various alts
#quinn_tips #BeginnerTrader #AltcoinStars
ā¼ļø Let me reiterate: even if you think you have a reliable insight, donāt go all in.
ā ļø If you are looking to buy some alts, be careful, trade small and diversify. E.g. my investment into any one alt is around 1% of my funds, for rare potential unicorns - 2-3%.
ā¹ļø Just to give you an idea about what is good funds allocation in my opinion, I keep it like this:
1/3 - stable coins, primarily USDT
1/3 - top coins: $BTC, $ETH, $SOL, BNB
1/3 - various alts
#quinn_tips #BeginnerTrader #AltcoinStars
ā¼ļø Let me reiterate: even if you think you have a reliable insight, donāt go all in.
This week Iām looking for a good deal to buy these losers š¤šµ
$VITE $PROM $RAD
Iām still waiting for $SCR to go deeper. Iām not buying it above $0.5
ā ļø If you are looking to buy some alts, be careful, trade small and diversify. E.g. my investment into anyone alt is around 1% of my funds, for rare potential unicorns - 2-3%.
ā¹ļø Just to give you an idea about what is good funds allocation in my opinion, I keep it like this:
1/3 - stable coins, primarily USDT
1/3 - top coins: BTC, ETH, SOL, BNB
1/3 - various alts
#AltcoinStars #ETHš„š„š„š„
$VITE $PROM $RAD
Iām still waiting for $SCR to go deeper. Iām not buying it above $0.5
ā ļø If you are looking to buy some alts, be careful, trade small and diversify. E.g. my investment into anyone alt is around 1% of my funds, for rare potential unicorns - 2-3%.
ā¹ļø Just to give you an idea about what is good funds allocation in my opinion, I keep it like this:
1/3 - stable coins, primarily USDT
1/3 - top coins: BTC, ETH, SOL, BNB
1/3 - various alts
#AltcoinStars #ETHš„š„š„š„
š”The Death Crossššš
In hindsight. What would happen if you traded that pattern on $ETH last week?
If you traded it the day you spotted it, it would have immediately gone against you. And if your SL was to tight it would have wiped it.
If you were lucky to catch those 5-6 red candles youād get around $50 difference. But it is unlikely to catch its highest high and lowest low, so it would not be 50 in a real trade.
And what sort of signal is it if you need to wait unknown number of candles before reacting to it? It is as reliable as flip of a coin š.
And now ETH price is exactly at the same level where it was when cross happened on 4h chart more than a week ago.
Just do your backtests. You have all the history in the charts.
Just saying š#quinn_tips
In hindsight. What would happen if you traded that pattern on $ETH last week?
If you traded it the day you spotted it, it would have immediately gone against you. And if your SL was to tight it would have wiped it.
If you were lucky to catch those 5-6 red candles youād get around $50 difference. But it is unlikely to catch its highest high and lowest low, so it would not be 50 in a real trade.
And what sort of signal is it if you need to wait unknown number of candles before reacting to it? It is as reliable as flip of a coin š.
And now ETH price is exactly at the same level where it was when cross happened on 4h chart more than a week ago.
Just do your backtests. You have all the history in the charts.
Just saying š#quinn_tips
āļøAre you afraid of the Death Cross šā āØDonāt be! āØ
More often than not so called ādeath crossā is usually is being followed shortly by another so called āgolden crossā, indicating short term pull-back before bigger growth, thus being in fact buy-low signal for investors.
Donāt believe anyone, you have a chart with all time history, just back test this on high market cap coins.
As a side note, MAs work more reliably on daily charts anyway, but 4h is good enough too.
Also, remember that in crypto, past does not help predict the future š
$ETH #ETHš„š„š„š„š„š„ #BitwiseBitcoinETF
$BTC $SOL
More often than not so called ādeath crossā is usually is being followed shortly by another so called āgolden crossā, indicating short term pull-back before bigger growth, thus being in fact buy-low signal for investors.
Donāt believe anyone, you have a chart with all time history, just back test this on high market cap coins.
As a side note, MAs work more reliably on daily charts anyway, but 4h is good enough too.
Also, remember that in crypto, past does not help predict the future š
$ETH #ETHš„š„š„š„š„š„ #BitwiseBitcoinETF
$BTC $SOL
Conservative Beginner
ā¦ or How to Not Lose all Your Money in First 90 Days
#Beginers #BeginnerTrader #RiskManagement #BinanceFutures #quinn_tips
I describe my approach which I currently think is right for me.Iām sharing it since I think it can be helpful for other newcomers.As I learn more, my opinion on this topic may change.I started when crypto was in ranging phase, so my experience may not be applicable to strongly trending market, which I hope will come soon. Iām not really scalping, Iām not good at it.It is not a recipe about making 10x in a month.For now I consider it a learning experience. If I desperately needed to earn I wouldnāt go here, too risky.
Crypto Allocation / Portfolio
1/3 - top 3 coins $BTC $ETH $SOL ~40% - stable coins1/3 - anything else split about 50/50% between top-10 and the restFor now I use relatively small amount of funds for crypto (less then required for any VIP level on Binance), but making it too small does not makes much sense to me.
Allocation by Product
Actually, my plan is to use about 1/3 of my funds for futures / options, but after series of failures I gradually and I hope, temporarily decreased it to about 1/4.
Operations Futures / Options
Iām more active at futures due to lower fees (compared to spot). But I donāt abandon spot and other tools.Donāt risk on anyone trade more than 2% of what is currently allocated for futures/options (excluding coin-m, which I use for mid-term investment). Helps me stay in the game longer while Iām learning. šI donāt have a strong opinion on leverage. In futures I just rarely needed more than 2x and only couple of times 4x. In coin-m - under 5x.I trade them only in liquid markets: top 3, rarely something from top 10I donāt trade news when they arrive, but 30-60 minutes later can present great opportunitiesI rarely trade in European hours. I step into eastern hours only when I follow a trend.Sometimes I keep my day-trade overnight, protecting it with SL/TP. In around 50% cases it helps, otherwise it ends up around breakeven
ETH Futures Day Trading
Iām not going to write on technical analysis. Just few rules I follow to decide when not to trade.
Usually, if I donāt see volume >100k on 15m timeframe (ETH), I stay away and observe. In London hours I tolerate a bit lower volume.Usually it is good idea to close at the end of the day. Longs can be kept a bit longer.I usually prefer US hours.
Spot
So far Iāve been more successful in spot. I try to find opportunity to buy low. Whenever coin allocations is above what I plan for it, I start looking to sell excessive amount higher.
Sometimes I use dual-investment feature when I can wait and donāt care about few $$ price difference. It does not seem to have fees. And does not require staring at the screen.
Earn
Only marginally profitable, but since at least 50% of my funds stay passive, I let earn do its thing.
Summary
Risk management is the key.I donāt engage in risky endeavors.Spot is good and accounts for most of my profit. Honestly, if fees where comparable to futures, Iād stay mostly in spot.Futures present great opportunities, but I cannot master good win/loss ratio yet, so for now I only have a little profit there. Iāll scale allocation to futures to 1/3 again when I feel more confident there.Quarterly Coin-M futures are good for longer term trades due to absence of funding fee.Iām more successful with options long puts than with futures shorts. Not sure why. Maybe it is just me.Patience is a key. I may have 5-10 spot orders waiting their turn for days. Futures day trading requires more active management, so I donāt keep more than 2 of them simultaneously. Here and there I buy option put when I anticipate down trend.ā ļøā¼ļø For crypto Iām using amount of funds Iām happy to lose. Actually even less. I may decide to move more funds to crypto trading later, after I learn more and achieve better consistency.
#Beginers #BeginnerTrader #RiskManagement #BinanceFutures #quinn_tips
I describe my approach which I currently think is right for me.Iām sharing it since I think it can be helpful for other newcomers.As I learn more, my opinion on this topic may change.I started when crypto was in ranging phase, so my experience may not be applicable to strongly trending market, which I hope will come soon. Iām not really scalping, Iām not good at it.It is not a recipe about making 10x in a month.For now I consider it a learning experience. If I desperately needed to earn I wouldnāt go here, too risky.
Crypto Allocation / Portfolio
1/3 - top 3 coins $BTC $ETH $SOL ~40% - stable coins1/3 - anything else split about 50/50% between top-10 and the restFor now I use relatively small amount of funds for crypto (less then required for any VIP level on Binance), but making it too small does not makes much sense to me.
Allocation by Product
Actually, my plan is to use about 1/3 of my funds for futures / options, but after series of failures I gradually and I hope, temporarily decreased it to about 1/4.
Operations Futures / Options
Iām more active at futures due to lower fees (compared to spot). But I donāt abandon spot and other tools.Donāt risk on anyone trade more than 2% of what is currently allocated for futures/options (excluding coin-m, which I use for mid-term investment). Helps me stay in the game longer while Iām learning. šI donāt have a strong opinion on leverage. In futures I just rarely needed more than 2x and only couple of times 4x. In coin-m - under 5x.I trade them only in liquid markets: top 3, rarely something from top 10I donāt trade news when they arrive, but 30-60 minutes later can present great opportunitiesI rarely trade in European hours. I step into eastern hours only when I follow a trend.Sometimes I keep my day-trade overnight, protecting it with SL/TP. In around 50% cases it helps, otherwise it ends up around breakeven
ETH Futures Day Trading
Iām not going to write on technical analysis. Just few rules I follow to decide when not to trade.
Usually, if I donāt see volume >100k on 15m timeframe (ETH), I stay away and observe. In London hours I tolerate a bit lower volume.Usually it is good idea to close at the end of the day. Longs can be kept a bit longer.I usually prefer US hours.
Spot
So far Iāve been more successful in spot. I try to find opportunity to buy low. Whenever coin allocations is above what I plan for it, I start looking to sell excessive amount higher.
Sometimes I use dual-investment feature when I can wait and donāt care about few $$ price difference. It does not seem to have fees. And does not require staring at the screen.
Earn
Only marginally profitable, but since at least 50% of my funds stay passive, I let earn do its thing.
Summary
Risk management is the key.I donāt engage in risky endeavors.Spot is good and accounts for most of my profit. Honestly, if fees where comparable to futures, Iād stay mostly in spot.Futures present great opportunities, but I cannot master good win/loss ratio yet, so for now I only have a little profit there. Iāll scale allocation to futures to 1/3 again when I feel more confident there.Quarterly Coin-M futures are good for longer term trades due to absence of funding fee.Iām more successful with options long puts than with futures shorts. Not sure why. Maybe it is just me.Patience is a key. I may have 5-10 spot orders waiting their turn for days. Futures day trading requires more active management, so I donāt keep more than 2 of them simultaneously. Here and there I buy option put when I anticipate down trend.ā ļøā¼ļø For crypto Iām using amount of funds Iām happy to lose. Actually even less. I may decide to move more funds to crypto trading later, after I learn more and achieve better consistency.
Trading $FDUSD Pairs with 0 Maker Fees. #quinn_tips
Spot fees can really add up, especially when trading frequently with small price differences, sometimes cutting up to 30% of profits. On certain FDUSD pairs, Binance currently offers 0 maker fees, which Iāve found useful for trading coins like $SOL and $SUI. A maker is someone who places a limit order, adding liquidity to the market. While FDUSD pairs have lower volume compared to USDT (the king of stablecoins), this fee-free setup can be a good option for those starting with small capital.
I allocate around 5% of my funds into $FDUSD for frequent trades.
Anyone else finding value in these fee-free pairs?
#BeginnerTrader #BinanceTips
Spot fees can really add up, especially when trading frequently with small price differences, sometimes cutting up to 30% of profits. On certain FDUSD pairs, Binance currently offers 0 maker fees, which Iāve found useful for trading coins like $SOL and $SUI. A maker is someone who places a limit order, adding liquidity to the market. While FDUSD pairs have lower volume compared to USDT (the king of stablecoins), this fee-free setup can be a good option for those starting with small capital.
I allocate around 5% of my funds into $FDUSD for frequent trades.
Anyone else finding value in these fee-free pairs?
#BeginnerTrader #BinanceTips
#quinn_tips #BeginnerTrader
Donāt be afraid of market makers, but stay aware of their presence. While the article may be a bit dated, it still provides useful insights. Nowadays, I believe, market makers are mostly algorithms, but years ago, on traditional exchanges, they were real traders with significant cash reserves and stock positions.
Want to read my take on order book and MMs? Like and follow, it motivates me while Iām writing an article - it is not an easy one.
#ETHš„š„š„š„ $KEY $ENA $SCR
Donāt be afraid of market makers, but stay aware of their presence. While the article may be a bit dated, it still provides useful insights. Nowadays, I believe, market makers are mostly algorithms, but years ago, on traditional exchanges, they were real traders with significant cash reserves and stock positions.
Want to read my take on order book and MMs? Like and follow, it motivates me while Iām writing an article - it is not an easy one.
#ETHš„š„š„š„ $KEY $ENA $SCR
EddieGray
--
Market Maker: who you really buy tokens from
Fast order execution has become commonplace in today's market realities. But remember, whenever an asset is bought or sold, there must be someone on the other side of the transaction. Often that person is a market maker.
ā”ļø A market maker is a market participant whose role is to buy and sell an asset in order to add liquidity.
ā¢ A market maker places orders to buy/sell an asset which are executed either by market participants or by himself (to increase the trading volume).
ā”ļø What does the market maker earn from? The MM receives the difference between supply and demand (spread) for providing the asset. For example, he might quote a selling price of $20 and a buying price of $20.05. This means that the profit per token will be $0.05.
ā”ļø What does the market maker risk? In a word - sharp moves. When the market crashes, the MM is forced to buy assets that are falling in price. It also leads to a slowdown in buying as most seek to shed their positions. Buying will of course resume, but at a value lower than the average buying price of the fall.
ā”ļø Can a market maker "draw" a chart? Hypothetically, the MM could place a large order of 3x the current price and buy it back himself. This would draw a high shadow of a candle on the chart, but in the end the price would instantly return to its original value.
ā¢ In addition, market makers are subject to rules that prohibit manipulating the price of assets.
ā”ļø A market maker is a market participant whose role is to buy and sell an asset in order to add liquidity.
ā¢ A market maker places orders to buy/sell an asset which are executed either by market participants or by himself (to increase the trading volume).
ā”ļø What does the market maker earn from? The MM receives the difference between supply and demand (spread) for providing the asset. For example, he might quote a selling price of $20 and a buying price of $20.05. This means that the profit per token will be $0.05.
ā”ļø What does the market maker risk? In a word - sharp moves. When the market crashes, the MM is forced to buy assets that are falling in price. It also leads to a slowdown in buying as most seek to shed their positions. Buying will of course resume, but at a value lower than the average buying price of the fall.
ā”ļø Can a market maker "draw" a chart? Hypothetically, the MM could place a large order of 3x the current price and buy it back himself. This would draw a high shadow of a candle on the chart, but in the end the price would instantly return to its original value.
ā¢ In addition, market makers are subject to rules that prohibit manipulating the price of assets.
Following up on fee-saving strategies, Binanceās Auto-Invest is another great option for long-term holders. Allocating just 10-20% of your funds and DCA-ing over 10-12 weeks helps you build positions gradually, while keeping trading fees lower.
#quinn_tips
#BeginnerTrader #ETHš„š„š„š„
$ETH $SOL $SUI
#quinn_tips
#BeginnerTrader #ETHš„š„š„š„
$ETH $SOL $SUI
Trading $FDUSD Pairs with 0 Maker Fees. #quinn_tips
Spot fees can really add up, especially when trading frequently with small price differences, sometimes cutting up to 30% of profits. On certain FDUSD pairs, Binance currently offers 0 maker fees, which Iāve found useful for trading coins like $SOL and $SUI. A maker is someone who places a limit order, adding liquidity to the market. While FDUSD pairs have lower volume compared to USDT (the king of stablecoins), this fee-free setup can be a good option for those starting with small capital.
I allocate around 5% of my funds into $FDUSD for frequent trades.
Anyone else finding value in these fee-free pairs?
#BeginnerTrader #BinanceTips
Spot fees can really add up, especially when trading frequently with small price differences, sometimes cutting up to 30% of profits. On certain FDUSD pairs, Binance currently offers 0 maker fees, which Iāve found useful for trading coins like $SOL and $SUI. A maker is someone who places a limit order, adding liquidity to the market. While FDUSD pairs have lower volume compared to USDT (the king of stablecoins), this fee-free setup can be a good option for those starting with small capital.
I allocate around 5% of my funds into $FDUSD for frequent trades.
Anyone else finding value in these fee-free pairs?
#BeginnerTrader #BinanceTips
Weekend #quinn_tips :
If I had to name just one resource that transformed my understanding of trading, it would be this: watch āTrading Psychology Presentationā by Dr. David Paul on You_Tu_be.
All #BeginnerTrader s, enjoy.
$ETH $BTC $SOL
If I had to name just one resource that transformed my understanding of trading, it would be this: watch āTrading Psychology Presentationā by Dr. David Paul on You_Tu_be.
All #BeginnerTrader s, enjoy.
$ETH $BTC $SOL
āØ Donāt #BuyTheDip on Monday. āØ
It is good and almost universal advice to buy the dip. However, if retail traders with limited amount of capital buy every dip they see, they will run out of money in a week or so š. So we need to be selective about which dip to buy and make some educated guesses about when dip reaches its low.
I have couple of vague rules which often (not always) work.
They are related to NY trading days and hours. You may ask, why? Well we believe that mysterious whales are moving the market right? And now guess, where do these creatures live? You may also guess their working hours. š
My rulesā¦
Iām still backtesting them and not sure Iām ready to publish.
But I think Monday is usually not a good day to ābuy the dipā.
Just saying. I may as well be wrong.
$ETH $BTC $XRP
#quinn_tips
It is good and almost universal advice to buy the dip. However, if retail traders with limited amount of capital buy every dip they see, they will run out of money in a week or so š. So we need to be selective about which dip to buy and make some educated guesses about when dip reaches its low.
I have couple of vague rules which often (not always) work.
They are related to NY trading days and hours. You may ask, why? Well we believe that mysterious whales are moving the market right? And now guess, where do these creatures live? You may also guess their working hours. š
My rulesā¦
Iām still backtesting them and not sure Iām ready to publish.
But I think Monday is usually not a good day to ābuy the dipā.
Just saying. I may as well be wrong.
$ETH $BTC $XRP
#quinn_tips
āØ Friday Market Prediction
It is easy to make market prediction on Fridays. Especially if this is the last Friday of the month.
In more than half cases most of the assets go up at the end of reporting period, it is just because employees on all levels prefer to report profit not loss.
But unless price closes confidently above previous high during the weekend, apparent growth on Friday afternoon says nothing about overall trend.
If you know what you are doing, scalping at the end of the reporting period is not entirely a bad idea. But I wouldnāt recommend it. It is not as easy as it may look.
Actually if you are a spot trader just make your weekend longer, include Friday and Monday š
In most cases market will present a great trade opportunity in the middle of the week again.
Actually often it is a good idea to book profit on Friday night.
#quinn_tips
$BTC $ETH $SOL
It is easy to make market prediction on Fridays. Especially if this is the last Friday of the month.
In more than half cases most of the assets go up at the end of reporting period, it is just because employees on all levels prefer to report profit not loss.
But unless price closes confidently above previous high during the weekend, apparent growth on Friday afternoon says nothing about overall trend.
If you know what you are doing, scalping at the end of the reporting period is not entirely a bad idea. But I wouldnāt recommend it. It is not as easy as it may look.
Actually if you are a spot trader just make your weekend longer, include Friday and Monday š
In most cases market will present a great trade opportunity in the middle of the week again.
Actually often it is a good idea to book profit on Friday night.
#quinn_tips
$BTC $ETH $SOL
About
ā¹ļø checkout tag #quinn_tips
I Am
new to crypto trading šØāšquite conservativenot an expert in anythingusually trading top-3, mostly ETHwriting here mostly out of boredom while Iām waiting for the market setup I consider ārightā
This Blog
describes my personal journeycontains random stuff
I Do Not
offer any financial advicesend any signalsmake any useful recommendations
If I accidentally do any of the above, please disregard š
I Do
make mistakes in trading all the time
āāā
ā¹ļø If you are interested have a look at the article about my āportfolioā and trading habits. It is not necessarily ārightā, but it didnāt prove itself wrong yet. https://app.binance.com/uni-qr/cart/14403749357865?r=965557876&l=en&uco=I5v6-A7KkJP17eY5FaMB4w&uc=app_square_share_link&us=copylink
I Am
new to crypto trading šØāšquite conservativenot an expert in anythingusually trading top-3, mostly ETHwriting here mostly out of boredom while Iām waiting for the market setup I consider ārightā
This Blog
describes my personal journeycontains random stuff
I Do Not
offer any financial advicesend any signalsmake any useful recommendations
If I accidentally do any of the above, please disregard š
I Do
make mistakes in trading all the time
āāā
ā¹ļø If you are interested have a look at the article about my āportfolioā and trading habits. It is not necessarily ārightā, but it didnāt prove itself wrong yet. https://app.binance.com/uni-qr/cart/14403749357865?r=965557876&l=en&uco=I5v6-A7KkJP17eY5FaMB4w&uc=app_square_share_link&us=copylink
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