Trading is a tricky profession. Knowledge should go hand in hand with patience and self discipline in order to prosper.
Listed below are the 10 habits that will destroy your trading portfolio.
1. Over trading
Unless you're a scalper or a professional day trader, never trade several times in a day. Give it a rest. Trading requires a lot of your intellect and sound judgment. Unless you're a genius, the mind can only do so much in a day.
2. Aiming for unrealistic gains
Yup, the ultimate goal of trading is taking profit. Don't delay taking profit just because you're aiming for the 10,000 times. It's actually good if you aim that much, but make sure that the coin has the ability to grow that huge. I mean, a coin that has billions in market cap can no longer grow 10000 times. The world doesnt have that money. Look for a low market cap coin that has good potentials like pitbull token. DYOR.
3. Not putting a stop loss
Stop loss is a must in every trade. Dont skip it.
4. Skipping the trade plan
Before entering a trade, know your take profit point and your stop loss.
5. Executing FOMO trades
Dont catch a coin when its pumping hard. That's like gambling.
6. Not practicing DCA
Dont buy all at once. Always reserve some funds in case you're coin drops. That way, you'll be able to lower your entry price.
7. coin fanatic syndrome
Trading is not about collecting coins and tokens. No matter how cute those dog memes are, you're not buying them for memorabilla purposes. Come on, you're buying them for the profit. Let go and sell when you're in profit already.
8. Skipping the DYOR rule
Don't believe everything you heared or read. Always double check information, check contract, get to know the devs, and check the chart before deciding to put your money in a coin.
I want to post this to see my progress! I hope in a year i will make 3 digits !! I will come back to this post when it comes!... 🙏🤞💪 #BTC #ETH #Launchpool #STX #AI_robots $BTC $ETH $BNB
It seems like you are interested in earning crypto on Binance, one of the world's leading cryptocurrency exchanges. Binance offers many ways to earn crypto without trading, such as staking, farming, lending, and more. You can learn more about these options on the [Binance Earn](^1^) page.
One of the easiest ways to earn crypto on Binance is to use Simple Earn³, which allows you to deposit your digital assets for flexible or locked terms and earn daily rewards. You can subscribe or redeem at almost any time, so you can retain flexibility and liquidity over your assets while earning daily rewards.
To use Simple Earn, you need to have a Binance account and some crypto assets that are supported by the product. You can buy crypto on Binance using your local currency or other payment methods. Once you have some crypto, you can go to the [Finance] - [Earn] page and click on Simple Earn. There, you can choose between Flexible Products and Locked Products. Flexible Products allow you to redeem your assets whenever you need, while Locked Products require you to deposit your assets for a fixed period and in return, you earn a higher return than Flexible Products.
For example, if you have 3 USDT, which is a stablecoin pegged to the US dollar, you can deposit it in a Flexible Product and earn an annualized interest rate of 1.2%. This means that after one year, you will have 3.036 USDT. Alternatively, you can deposit it in a Locked Product for 7 days and earn an annualized interest rate of 5%. This means that after 7 days, you will have 3.00099 USDT. You can compare the different products and rates on the Simple Earn page and choose the one that suits your needs.
I hope this helps you understand how to use Simple Earn on Binance.
Will TRON ever reach $10? While it is possible that $TRX could reach $10, even the most bullish of analysts believe that is at least 5 years away. Keep in mind that TRON will move along with the other Crypto market. This means that Crypto in general needs to do well for TRON to appreciate in value. While it is impossible to predict how TRX will perform in the future, if we assume Tron will grow at an average rate of 50% every year, then It would take Tron 11 years to reach $5. TRC-20 tokens are generally faster than ERC-20 tokens, as the Tron network has a higher transaction per second (TPS) rate than Ethereum and lower fees, made possible by the Delegated Proof-of-Stake consensus mechanism (more on this later). Will Tron reach $10? According to our TRX price prediction, the maximum price of Tron by the end of 2030 is $0.26. Although it could climb higher, $10 is unrealistic due to the Tron tokens available. Will TRON (TRX) coin price reach $1? At present, the analysis projects a potential high of $0.34 for the TRX coin price in 2030, however, with increased adoption and rising demands, it is possible for the TRON price to reach $1. #Write2Earn
It's a notable development! The approval of a Bitcoin ETF could attract more institutional investors and potentially influence the broader cryptocurrency market. Keep an eye on market trends and investor sentiments as this news unfolds.
The approval of a Bitcoin Exchange-Traded Fund (ETF) is a significant milestone, bringing more mainstream acceptance and accessibility to Bitcoin as an investment. Investors can now gain exposure to Bitcoin through traditional investment channels, potentially impacting market dynamics. Keep an eye on market reactions and evolving trends in the wake of this approval.
The approval of a Bitcoin ETF can potentially impact the cryptocurrency market by providing more accessible investment opportunities. Investors may now have an additional avenue to gain exposure to Bitcoin through traditional financial markets. Keep an eye on market reactions and consider diversifying your investment strategy accordingly