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Crypto_Legend4952
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My journey in Futures Trading It has been a Rollercoaster, from making upto 50% returns on my total amount in a day numerous times to getting liquidated in a couple of hours. Some lessons I have learned and would like to remind everyone else are: 1) Never bet against the market 2) Do thorough research before getting into any trade, especially ones with high leverage because the closer your liquidation, the more at risk you are if you don't have more money as backup in another wallet 3) Crypto is a Rollercoaster, you need to remember to enjoy the ride but still very careful 4) One of the most essential things I can tell anyone is that taking profits is one of the most important things Before entering into any trade, set a target price, or a target profit and stick to it. Don't think just because it's increasing, it's going to increase forever. Emotional trading is what will definitely liquidate you and what can completely ruin you. Remember to give me a follow and interact with the post if you like my content! #Futures_Trading #BTC #bitcoin #BullorBear #write2earn🌐💹

My journey in Futures Trading

It has been a Rollercoaster, from making upto 50% returns on my total amount in a day numerous times to getting liquidated in a couple of hours.

Some lessons I have learned and would like to remind everyone else are:

1) Never bet against the market

2) Do thorough research before getting into any trade, especially ones with high leverage because the closer your liquidation, the more at risk you are if you don't have more money as backup in another wallet

3) Crypto is a Rollercoaster, you need to remember to enjoy the ride but still very careful

4) One of the most essential things I can tell anyone is that taking profits is one of the most important things

Before entering into any trade, set a target price, or a target profit and stick to it. Don't think just because it's increasing, it's going to increase forever. Emotional trading is what will definitely liquidate you and what can completely ruin you.

Remember to give me a follow and interact with the post if you like my content!

#Futures_Trading #BTC #bitcoin #BullorBear #write2earn🌐💹

Жауапкершіліктен бас тарту туралы мәлімдеме: үшінші тараптардың пікірлері бар. Қаржылық кеңес емес. Ішінде жарнамалық контент болуы мүмкін. Шарттар мен талаптарды қараңыз.
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Futures Learning Update! I have officially taken profit of 35% of my total capital in futures in 2 trades. Another thing I learned in the process was that I order to mitigate risks, it is important to start each trade with roughly 5-10% of your portfolio, not more unless you're willing to make it very risky. Starting with that allows you to keep increasing the amount in your position at lower costs, also known as Dollar-Cost Averaging (DCA), which will allow your entry price to decrease overall. Alongside, if you do cross margin trading, your liquidation price will be much further away from the current price, which will reduce the chances of liquidation due to a correction in the market. I thought I'd document my learning process and my learning with everyone so that anyone who plans on starting futures trading without major risks is also able to learn from everything I'm learning. It is important to remember that you should never go against the market, and also to remember to analyze the level of risk you're willing to take. Choose the leverage margin according to your risk appetite and to always do your own research before making any decisions. Also remember to not blindly follow any one person's calls, as in the end you are the one that will have to bear the losses and creators on Binance square generally are affiliated with and get cuts from certain coins, or are using to make a profit off of their positions by increasing trading volume. If you like my content, give me a follow and show your appreciation by interacting with the post and leaving a tip. #HotTrends #BTC #sol #ETH #Write2Earn
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Differences between Cross and Isolated Margin Trading!! Before entering any new market, you should know everything inside out without any doubt. A very basic question I couldn't answer or figure out was 'What's the difference between Cross and Isolated Margin??" I spent a couple of hours researching but nowhere could I find a proper explicit basic answer for both, after which I finally had a breakthrough. Thought I'd put it here in as simple words as possible in order to make it easily accessible for everyone. Isolated Margin Trading: Isolated margins are a great strategy to take a risky position without losing your prized assets in the process. This allows you to open a single position that is quite literally isolated from your other accounts. Whatever happens within this isolated margin position will never affect your remaining portfolio.  A good isolated margin example is taking a chance on a new cryptocurrency or betting on a high-risk price variance on the established market like $AEVO . In both cases, it is wise not to put all your eggs in one basket. Utilizing an isolated margin account will give you a chance to take this risk and acquire the desired leverage without compromising anything else.  Cross Margin Trading: Conversely, we have a cross-margin mode that flips the concept entirely. Imagine that you already have a list of margin positions and are interested in pursuing one more. However, your margin requirements have become too steep, and it’s almost impossible to cover the initial margin and maintenance margin assigned to your position. So, what do we do in this case? Do we halt our trading efforts for the foreseeable future? No.  With cross margin mode, traders can consolidate their positions with a unified margin balance. Simply put, if you have ten different positions using the cross margin mode, they have a shared margin balance. This option allows traders to add new portfolio positions without seeking significant liquidity.  If you like my content, give me a follow and interact with the post! #HotTrends #Write2Earn‬ #BTC
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