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@aman71
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How to manage risk ?
If u have 1000$ in your account , decide how much u can afford to lose first .
Lets say, u can afford 10$ loss for each trade .
so your position size for the above trade would be = 10$ / % of sl (here it is 3.35%) * 100 = 298.5$ approx will be your position size .
Now you can take 29.5$ in 10X leverage or 59$ in 5X (CROSS mode)
Position size = Margin x Leverage
Doesn't matter what leverage u take if u r in CROSS mode, just keep position sizing under control as said.
Bonus tips:
Always move your sl to entry after 1.5R.
Book 50% at 2R and keep running the trade till the final TP.
If u have 1000$ in your account , decide how much u can afford to lose first .
Lets say, u can afford 10$ loss for each trade .
so your position size for the above trade would be = 10$ / % of sl (here it is 3.35%) * 100 = 298.5$ approx will be your position size .
Now you can take 29.5$ in 10X leverage or 59$ in 5X (CROSS mode)
Position size = Margin x Leverage
Doesn't matter what leverage u take if u r in CROSS mode, just keep position sizing under control as said.
Bonus tips:
Always move your sl to entry after 1.5R.
Book 50% at 2R and keep running the trade till the final TP.
Notice of Removal of Spot Trading Pairs - 2024-05-31
Full story👇👇👇
Binance is delisting CAKE/TUSD, DYDX/BNB, and LAZIO/BTC trading pairs on May 31st, 2024 at 3:00 UTC due to low liquidity. You can still trade the individual currencies on other pairs. Update or cancel your Spot Trading Bots for these pairs before the deadline to avoid issues.
$CAKE $DYDX
Full story👇👇👇
Binance is delisting CAKE/TUSD, DYDX/BNB, and LAZIO/BTC trading pairs on May 31st, 2024 at 3:00 UTC due to low liquidity. You can still trade the individual currencies on other pairs. Update or cancel your Spot Trading Bots for these pairs before the deadline to avoid issues.
$CAKE $DYDX
This is a must-read for anyone starting their crypto journey.
**Ditch the "Get Rich Quick" Mentality:**
Cryptocurrency can be a great investment tool, but making millions overnight is a fantasy. It's a marathon, not a sprint. Focus on building a strong foundation of knowledge first.
**Beware of Shills and FUD:**
The crypto space can be noisy. Some will promote specific coins to inflate the price for their own benefit ("Pump and Dump"). Others might spread negativity ("Fear, Uncertainty, Doubt") to drive the price down for cheap entry. Learn to identify these tactics and base your decisions on research.
**Do Your Own Research (DYOR):**
Don't blindly follow anyone's advice, including mine! Understand the project, the team behind it, and the technology powering the coin. Explore whitepapers, community forums, and reputable news sources.
**Look Beyond the Hype:**
Flashy marketing and social media trends don't guarantee a successful project. Focus on fundamentals like real-world use cases, active development, and a transparent team.
**Building Trustworthy Sources:**
Follow experienced and reputable crypto analysts and publications. Look for those with a history of accurate information and unbiased opinions.
**Start with the Basics:**
Before diving into complex financial instruments like futures, master the core concepts of cryptocurrency: blockchain technology, wallets, different coin types, and basic trading strategies.
**Invest Responsibly:**
Only invest what you can afford to lose. Cryptocurrency is inherently volatile, so treat it as a high-risk investment.
**Some Established Cryptos to Consider (but always DYOR):**
* $BTC (Bitcoin): The original and most established cryptocurrency.
* $ETH (Ethereum): A leading platform for smart contracts and decentralized applications.
* $BNB (Binance Coin): The native coin of the Binance exchange, offering various utilities within the ecosystem.
Remember, this is just a starting point. Successful crypto investing requires ongoing research, critical thinking, and a healthy dose of skepticism. Good luck
**Ditch the "Get Rich Quick" Mentality:**
Cryptocurrency can be a great investment tool, but making millions overnight is a fantasy. It's a marathon, not a sprint. Focus on building a strong foundation of knowledge first.
**Beware of Shills and FUD:**
The crypto space can be noisy. Some will promote specific coins to inflate the price for their own benefit ("Pump and Dump"). Others might spread negativity ("Fear, Uncertainty, Doubt") to drive the price down for cheap entry. Learn to identify these tactics and base your decisions on research.
**Do Your Own Research (DYOR):**
Don't blindly follow anyone's advice, including mine! Understand the project, the team behind it, and the technology powering the coin. Explore whitepapers, community forums, and reputable news sources.
**Look Beyond the Hype:**
Flashy marketing and social media trends don't guarantee a successful project. Focus on fundamentals like real-world use cases, active development, and a transparent team.
**Building Trustworthy Sources:**
Follow experienced and reputable crypto analysts and publications. Look for those with a history of accurate information and unbiased opinions.
**Start with the Basics:**
Before diving into complex financial instruments like futures, master the core concepts of cryptocurrency: blockchain technology, wallets, different coin types, and basic trading strategies.
**Invest Responsibly:**
Only invest what you can afford to lose. Cryptocurrency is inherently volatile, so treat it as a high-risk investment.
**Some Established Cryptos to Consider (but always DYOR):**
* $BTC (Bitcoin): The original and most established cryptocurrency.
* $ETH (Ethereum): A leading platform for smart contracts and decentralized applications.
* $BNB (Binance Coin): The native coin of the Binance exchange, offering various utilities within the ecosystem.
Remember, this is just a starting point. Successful crypto investing requires ongoing research, critical thinking, and a healthy dose of skepticism. Good luck
Turning $1000 into $1 million anyone can do this
**Crypto Millionaire in the Making? ($1,000 → $1,000,000) **
This plan will get you there, but remember it's a marathon, not a sprint
**Long game strong :** Patience is key ⏳. Crypto is a wild ride , don't let short-term dips scare you .
**Do your research! :** Learn about the tech and the teams behind these coins ️. Stay informed with crypto news too .
**Spread the love (and risk) ❤️:** Invest your $1000 in a variety of promising cryptos . Don't put all your eggs in one basket !
**DCA is your BFF :** Invest a fixed amount regularly (like $10 a month) to average out market craziness .
**Compounding is magic ✨:** Reinvest your profits to watch your money grow exponentially !
**Spot the next big thing :** Keep an eye on new trends and projects. Chat with other crypto peeps to find hidden gems ️♀️.
**Play it safe :** Set stop-loss orders and diversify your holdings. Only invest what you can afford to lose, don't gamble your rent money .
**Reinvest strategically :** Put some profits back in to keep the growth going , but remember to enjoy some too!
**Patience is power! ⏳:** Building wealth takes time. Stay committed and don't panic sell when things get bumpy . Focus on the long term !
**This ain't easy, but it's possible! With discipline, research, and a long-term view, you can conquer the crypto waves and reach your financial goals. **
**Disclaimer:** This is just info, not financial advice. Do your own research before you invest!
**P.S. Some cryptos to keep an eye on: $BTC $ARB
**Crypto Millionaire in the Making? ($1,000 → $1,000,000) **
This plan will get you there, but remember it's a marathon, not a sprint
**Long game strong :** Patience is key ⏳. Crypto is a wild ride , don't let short-term dips scare you .
**Do your research! :** Learn about the tech and the teams behind these coins ️. Stay informed with crypto news too .
**Spread the love (and risk) ❤️:** Invest your $1000 in a variety of promising cryptos . Don't put all your eggs in one basket !
**DCA is your BFF :** Invest a fixed amount regularly (like $10 a month) to average out market craziness .
**Compounding is magic ✨:** Reinvest your profits to watch your money grow exponentially !
**Spot the next big thing :** Keep an eye on new trends and projects. Chat with other crypto peeps to find hidden gems ️♀️.
**Play it safe :** Set stop-loss orders and diversify your holdings. Only invest what you can afford to lose, don't gamble your rent money .
**Reinvest strategically :** Put some profits back in to keep the growth going , but remember to enjoy some too!
**Patience is power! ⏳:** Building wealth takes time. Stay committed and don't panic sell when things get bumpy . Focus on the long term !
**This ain't easy, but it's possible! With discipline, research, and a long-term view, you can conquer the crypto waves and reach your financial goals. **
**Disclaimer:** This is just info, not financial advice. Do your own research before you invest!
**P.S. Some cryptos to keep an eye on: $BTC $ARB
🚨China Urgent News Updates 🚨🛑
🇨🇳 China Bank Drama!
Big withdrawals from China banks! Last month, people took out a whopping 4 trillion yuan (that's $550 BILLION USD!)
Experts are worried about China's money system and economy Some even say China might fight Taiwan 🇹🇼 to distract everyone!
Tensions are HIGH with Taiwan flexing military muscle too!
The world is WATCHING to see if China attacks to hide its problems
This fight could hurt EVERYONE's money Investors are freaking out!
Stay tuned for updates! #ChinaDrama #ETHETFsApproved 🚨China Urgent News Updates 🚨🛑 WheresTheMoney #WW3ButNotReally
🇨🇳 China Bank Drama!
Big withdrawals from China banks! Last month, people took out a whopping 4 trillion yuan (that's $550 BILLION USD!)
Experts are worried about China's money system and economy Some even say China might fight Taiwan 🇹🇼 to distract everyone!
Tensions are HIGH with Taiwan flexing military muscle too!
The world is WATCHING to see if China attacks to hide its problems
This fight could hurt EVERYONE's money Investors are freaking out!
Stay tuned for updates! #ChinaDrama #ETHETFsApproved 🚨China Urgent News Updates 🚨🛑 WheresTheMoney #WW3ButNotReally
Crypto BullRun to END in Q4 2024 - Q1 2025.
After Breaking Previous ATH Prarabolic Move Lasted :
2013 : 8 Months
2017 : 8 Months
2020 : 5 Months
2024 : 5-8 Months
Considering 5-8 Months from now it wll Top in Q4 24 - Q1 25.
It could be extended due to some FOMO events, but every bull run has followed a similar pattern.
Next 5-8 Months are going to be Crazy.
$BTC $ETH
After Breaking Previous ATH Prarabolic Move Lasted :
2013 : 8 Months
2017 : 8 Months
2020 : 5 Months
2024 : 5-8 Months
Considering 5-8 Months from now it wll Top in Q4 24 - Q1 25.
It could be extended due to some FOMO events, but every bull run has followed a similar pattern.
Next 5-8 Months are going to be Crazy.
$BTC $ETH
Shame on you Binance team and $REZ team
after 6 day my 2486 USDT now worth of 2478 $USDT.
because of $FDUSD price up down
and after 6 day of stake I receive 4.5 USDT worth of coin means total invest 2486 USDT, receive 2482 $FDUSD and now 2482 FDUSD woth of 2478 USDT total 8 dollar loss and recover 4.5 dollar worth of $Rez coin from stake #BinanceLaunchPool🔥
still in loss 4 dollar 😂😂😂
after 6 day my 2486 USDT now worth of 2478 $USDT.
because of $FDUSD price up down
and after 6 day of stake I receive 4.5 USDT worth of coin means total invest 2486 USDT, receive 2482 $FDUSD and now 2482 FDUSD woth of 2478 USDT total 8 dollar loss and recover 4.5 dollar worth of $Rez coin from stake #BinanceLaunchPool🔥
still in loss 4 dollar 😂😂😂
When #Omni farming started, I swapped 1996 USDT for 1992 FDUSD because FDUSD was high. I lost $4. Later, when #OMNILAUNCHPOOL farming ended, I changed my FDUSD back to USDT, but this time I lost $2.5 because FDUSD was low. I ended up with 0.03 Omni worth $10. So, after 4 days, my profit from $2k was only $3.
$OMNI
$OMNI
