It's been a week since #BTCHalving and nothing has played out as per the historic charts, we didn't see $75-$80k. Hope you have taken your lessons from all the false claims and trade calls. The market will fluctuate as per sentiment and manipulation but your gains will depend on your personal analysis and mostly on your instincts.
In the meantime I am happy to tell you that my $BOME trade has been playing out well, with each fluctuation I have been able to make decent gains and my entry price now is at a level from where liquidation will only be achieved if disaster strikes. Other six trades with $BTC are sitting comfortably.
Dear Small #traders i would like you to grow, grow with the speed the world is growing because only then will there be a level playing field and peace, but for that you will have to be observant not emotional.
Like I always say ' Create Wealth Not Income' and that will happen when you develop a strong instinct instead of depending completely on luck.
It's been a week since #BTCHalving and nothing has played out as per the historic charts, we didn't see $75-$80k. Hope you have taken your lessons from all the false claims and trade calls. The market will fluctuate as per sentiment and manipulation but your gains will depend on your personal analysis and mostly on your instincts.
In the meantime I am happy to tell you that my $BOME trade has been playing out well, with each fluctuation I have been able to make decent gains and my entry price now is at a level from where liquidation will only be achieved if disaster strikes. Other six trades with $BTC are sitting comfortably.
Dear Small #traders i would like you to grow, grow with the speed the world is growing because only then will there be a level playing field and peace, but for that you will have to be observant not emotional.
Like I always say ' Create Wealth Not Income' and that will happen when you develop a strong instinct instead of depending completely on luck.
As the instinct spoke, a very different #BitCoinHalving this time around. I don't see the surge pre halving to what many are claiming ATH, 80k, 90k etc (will love to be proven wrong 😉). The market might rebound to 69-70k max and then go back to 54-57k and after the dull summer, it may rain bling for everyone in abundance.
Small #traders the above scenario will need you to be very patient like a monk (read the end) and cut your greed to almost zero. If you can tune your mind to that then you will be able to Create Wealth Not Just Income.
In between all of this there will be many opportunities to trade but remember to choose minimum leverage, tight stop losses with no intention to cover your previous losses in one trade.
Monk? A monk adheres to a strict code of conduct and dedicate themselves to prayer, meditation, study, and service, by giving up worldly possessions and pleasures. The same strict code of conduct is required to achieve anything in life, yes there are shortcuts but they are short-lived. So apply the discipline while you are allocating your hard earned $ to enjoy your personal, meaningful goals (if any) or the obvious worldly possessions and pleasures that everyone chases.
*the above is not financial advice, it's just me a tiny trader reaching out to others and hoping to make a difference. All the best and let's engage in a meaningful dialogue.
As the instinct spoke, a very different #BitCoinHalving this time around. I don't see the surge pre halving to what many are claiming ATH, 80k, 90k etc (will love to be proven wrong 😉). The market might rebound to 69-70k max and then go back to 54-57k and after the dull summer, it may rain bling for everyone in abundance.
Small #traders the above scenario will need you to be very patient like a monk (read the end) and cut your greed to almost zero. If you can tune your mind to that then you will be able to Create Wealth Not Just Income.
In between all of this there will be many opportunities to trade but remember to choose minimum leverage, tight stop losses with no intention to cover your previous losses in one trade.
Monk? A monk adheres to a strict code of conduct and dedicate themselves to prayer, meditation, study, and service, by giving up worldly possessions and pleasures. The same strict code of conduct is required to achieve anything in life, yes there are shortcuts but they are short-lived. So apply the discipline while you are allocating your hard earned $ to enjoy your personal, meaningful goals (if any) or the obvious worldly possessions and pleasures that everyone chases.
*the above is not financial advice, it's just me a tiny trader reaching out to others and hoping to make a difference. All the best and let's engage in a meaningful dialogue.
Had said it in the below post yesterday.. this is called instinct, not luck. I hope the small #traders didn't lose their allocations. I lost my gains in 3 positions, 2 positions got more allocation around liquidation and 1 position was closed on 83% gains just 5-7 minutes before the dump.
Small #teaders when trading in futures put your blinkers on, don't see anything else than a isolated trade. I will elaborate about the no loss strategy with Isolated trades in the next post but let me warn you about the loss-loss situation in cross trading first.
Cross trade only if you have 1=1 (or above) to keep idle or lose, otherwise your other running assets will be liquidated. If in gains, again take small profits at instinct (35-80%) and put a stoploss at your entry to let the rest run.
Lastly, never enter the same trade if the price goes from your profit of 80% to 20-10-5% instead let your initial allocation either return or run as the market allows it. Use your profits for another trade to repeat the process.
Small #traders train your mind to not stare at your balance the first thing you open your binance app or every time you are on your homepage.
"Your Balance" - Hide It! It disappoints you to begin your day if you see your balance in negative from the previous time you logged in. Instead go to your futures, spot, option page and look at your allocations.. there may be a few that will be 10-20-50% negative but then there will be a few with 10-20-50% in gains which will give you a positive outlook because the gains might be covering your losses.
It is simple to convince your mind to not take any harsh decisions, be patient and trust your trades or take appropriate action depending on your other trades..
Next two posts are going to be about Cross and Isolated Trading in Futures, stay tuned.
It's sad to see that small #traders choose to compound their entire profits in the greed of making more of it. The market flips, and they lose their entire profit with a portion of their original allocation.
On a $1, if you have made 80 cents, why can't you keep the 80 cents for a flip and continue making another 50-70-90 or 150 cents on the original allocation? You still have 80 cents for a fresh trade, but if the market flips and your $1 becomes 70 cents, you have $1.5 to start over again.
It's not rocket science to understand this, but the need/greed takes over, which is the reason for your loss.
Lastly, when your initial $1 becomes $3 withdraw the $1 to where it came from. So that, if you lose your $2 gains you are able to start over again.