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CRYPTO MECHANIC
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Do you know what FOMC stands for? #Binance #crypto2023 #fomc
Do you know what FOMC stands for?
#Binance
#crypto2023
#fomc
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One of the worst things you can do with yourself and your trading account is letting your position be liquidated. This only means You do not have any trading plan You are just a gambler trying to either make money or lose it all.
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Here are some important points that you can consider while trading with leverage / on futures 1- Your trade should not be without a stoploss or an invalidation. 2- You must have a proper risk and reward plan. Make sure your reward is double than the amount you're risking. For example if you're risking $10 your profit should be at least $20. 3- Never ever let your position liquidate. If your stoploss is your liquidation . There's a 99% of the chances that you do not have any plan, you're just gambling with high leverage . 4- Never use leverage more than 3x or 5x max. Crypto is a volatile market and it moves really fast. Unexpected moves can easily liquidate you in just 1 candle. 5- Make sure you're not trading against the trend. 6- Trading on futures requires discipline and proper execution . Do not open any trade without a trade confirmation. 7- Never Do DCA on a losing trade. Good luck and keep learning .
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Some of you are asking me or may have question in your mind why Alts are not dropping while BTC is going down.? Last week Altcoins were dropping while Bitcoin was doing nothing. Alts capitulated already and now it's $BTC doing its part. Once bitcoin is done that will be the time Alts will start to recover imo. I already made multiple posts that the chop will continue till halving and we are very close to it.
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A Look Back Into The Bitcoin Previous Halving History ( Pump Or Dump) ?
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People are really selling because they think it's going to be WW3 and everything will crash. Wars are this easy to predict ?
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