READ Highlights From Richard Teng’s AMA on Binance’s 7-Year | Soohbih on Binance Square

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Highlights From Richard Teng’s AMA on Binance’s 7-Year Anniversary 

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what are you afraid of? just hold. I usually buy and sell at the same time. I liquidate at peaks or when it balances out.

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THERE'S ALWAYS A HIGHER MOUNTAIN. I find it quite interesting when some experienced traders or people who believe themselves experienced or knowledgeable smirk, ridicule or scoff at some of my posts. I wonder if they would have the same attitude before they lear ex the first thing about trading. By their immaturity, you will know them. Most of my posts are for people who are now starting out or are still struggling their way through crypto trading or trading in general. I'm not claiming to know everything and still make mistakes and lose out sometimes. I'm only sharing what I have done in the hopes that someone out there will learn something from it. THE MORE YOU KNOW THE LESS YOU REALIZE YOU ACTUALLY KNOW. Every day comes it's own challenges. Every trade comes with its own lessons. Every coin and token has its own sets of trade tricks applicable to it. No one can know it all. I still prefer to trade coins and tokens under $1. $1000SATS $XRP $GRT All disclaimers Apply. DYOR

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MAKING 75% PROFIT. Just consider this. If you had $50,000 and you invested in two particular coins these past two weeks, you would have made less than the other. one is $1000SATS the other one is $BTC We saw the first move from somewhere around 0.00017 to around 0.00032. If you bought the first at 0.00020 and sold at 0.00030, that'd be a nice profit. BTC on the other hand started from around 58,000 and still didn't hit 68000 yet. The math tells me one would have made more with SATS trading Spot than BTC. Assuming you bought BTC at 58000 and selling at 68000, that's 8620.7 profit approx investing 50,000. Against 25,000 profit buying 50,000 worth of SATs at 0.0002 and selling at 0.0003. So what you trade, when and how also counts. As always, DYOR.

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ALL IS FAIR IN LOVE and WAR. Just imagine two people. One has $50,000 and he sees a likelihood of bullish market in $1000SATS so he puts all 50,000 into it @ 0.00017. Then he sells when the token gets to 0.00029. That's one trader who made much profit in just 3 days. Then there's the second who has $50 and wishing to invest in crypto. He buys the same coin at the same rate as above and sells at the rate as above. As you can see, both made a profit but the quantum is different. The first made a profit of $35,294.1176 in just 3 day. The second guy made a profit of $35.2941176. So imagine someone putting in 50 million dollars. Maybe you may not have thought about it, but the one who invested $5 is competing with someone who put in $50 million. WHAT YOU PUT IN IS WHAT YOU GET. DYOR

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NEWBIE & SMALL PORTFOLIO ADVISE. Start trading with coins and Tokens that are below $1 . It will help you minimise your loses as you experiment and learn. LIKE $DOGE or $XRP or $ADA DYOR.

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