Don't feel guilty for taking profits. Remember, you can onl | The_Pathfinder on Binance Square

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Don't feel guilty for taking profits. 
Remember, you can only be profitable if you click on the sell button to take profit. 
🚫 Beware of Greed.
$WIF $FET $SEI 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

FET

1.364

-5.54%

WIF

2.063

-6.69%

SEI

0.3926

-6.39%

1.2k

0

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Market FUD could a blessing in disguise.🤑 Anytime there is fear, uncertainty and doubt (FUD) in the market, that is where opportunities for huge price discount are presented to courageous traders/investors who have the balls to seize it. The current bearish market sentiments is a clear reaction to the war conditions in the middle-east which is seems to getting worse by day. The truth is that, nobody can accurately predict the direction of the market. For instance, a lot of influencers predicted doom for the month of September but the market responded in the opposite direction with bullish waves. October just started and nobody knows how market players will move the market. However, in this season of FUD, open your eyes to the blessings in disguise and make the best out of it. This is why it is important to always have a spare ammunition (liquidity) to act when the market comes hard at you. BTCUptober BTCUptober #IranianMissilesPlummetsBTC #BTCReboundsAfterFOMC $BTC $FET $WIF

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The price of $FET has been ranging $1.635 and $1.699 on lower timeframe even though the daily chart shows strong overbought conditions. Here are two (2) scenarios for consideration: Either you wait for price to breakout and hold above the $1.699 before you make an entry or wait for recovery signal on the $1.64 support zone before you make a move to enter a long trade. At this point, I will prefer to protect the profit I've today on $FET and observe how market players will behave at this key range stated above. Note: Always do your own research. @CZ #HMSTRonBinance #BinanceLaunchpoolHMSTR

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🚫 Avoid this Trap! I see a lot of post on Binance Square and X were people boast about the number of crypto cycles they've experienced in the past and even give a forecast of price direction. The trap most traders and investors fall into is the over reliance on past data as a signal for future conditions. In the crypto space where innovation and change are the lifeblood of progress, you can't really blame traders and investors for their priority to historical data. Why do I say this? Traders & investors are always making imperfect decisions with limited information about the things that will have a massive impact on their wellbeing. The most important driver of anything tied to money is the stories people tell themselves and the preference they have towards various crypto projects. So over reliance on historic data could lead to overconfidence and the temptation to accurately predict the direction of the market. The key here is to accept that the future might not look anything like the past and we all need to brace ourselves to adapt to how this cycle and subsequent ones will unfold. In conclusion, I am not by any means suggesting you shouldn't pay attention to historic crypto data but my emphasis here is that don't over rely on them because no two cycles are the same. A typical example is the 2016/2017 and 2020/2021 cycles, the underlying factors that fuel each cycle was different and this cycle will not be an exception. #BTCReboundsAfterFOMC #FOMC #CATIonBinance $SEI $WIF $BTC

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☣️ Manage your mind, manage your money 💰 A lot of traders either make money in the market only to give it back to the market or fail to cut their losses on losing trades due to poor mind management. Trading is not just a money game but a highly psychological game. The ability to remain calm and make sound money decisions when everything is falling apart is a very crucial virtue for consistent profitable trading. Most of the times when you're watching the chart and your money is not on the line, everything is cool but immediately you enter a trade you start experiencing emotional discomfort. If emotions are not properly kept in check, you will end up making poor decisions and lose money. This is what you can do to manage your mind and money: - Decide on how much you're willing to risk and make per trade ( profit / risk ratio ) - Accept losses as part of the game. We use money to make money. - Trade with capital that is within your emotional threshold. Don't borrow or use your entire life savings to trade. - Always do your own research before you take your trades. @CZ #CATIonBinance #BTCReboundsAfterFOMC #FOMC #NeiroOnBinance $BTC $WIF

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A step at a time. The path to success in trading is not a linear progression. Your portfolio will go through the waves of ups and downs which can emotionally draining particularly for traders who suffer from the fear of losing money. Trading is a money game and money is used as a hook to get more money. Just like fishing, sometimes you get a great catch of fishes and on certain days you catch nothing. The fisherman is used to this phenomenon in their fishing endeavours. You need to get use to rejection and always be grateful no matter the outcome of your trades. Stay humble and keep learning. #BTCReboundsAfterFOMC #CATIonBinance #FOMC $WIF $BTC

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