Insights do Davig93(@Square-Creator-c12fe8a48aed)

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2011

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Davig93

@Square-Creator-c12fe8a48aed

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#ReboundRally lessons leanrt in the futures trading journey continued 1. Taking a small portion of profit at tp1. this has reduced the overall potential gains when trend suddenly reversed without hitting tp 2. taking 40% or 50% profit at tp1 has been very beneficial when the market is highly turbulent. the market has been very turbulent. is it because of $BTC movement? 2. Moving stop loss to entry once tp 1 target is hit. i still struggle with this as i find myself continously adjusting to original sl and incurring a bigger loss as opposed to breaking even. still not sure the right approach to take 3. hedge mode- opening a trade in opposite direction. still not sure yet when exactly to launch the other trade. most of the time the results are catastrophic meaning there is something i am missing

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is there a way to be notified when something is posted?. I always miss the signals

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Mistakes learnt so far as a rookie futures trader who blew her account 1.Thinking that all newly listed coins will accrue 2000+%.#Me humbled me. 2. Shorting the top gainer advice .dont underestimate DYOR. it ended in tears in some cases 3. Using stop loss always. I was tempted at many occasions to move my stop loss and cancel it completely .This also led me to spent so many nights with my eyes peeled watching the trades. Not healthy at all. There is an #XRP trade which i did when it was so bullish that day and the reversal left me scrambling for cover. 3. Increasing capital whenever the trade is going in my favour. This has resulted in unimaginable losses when the trend suddenly reversed . i would end up closing trades moving slowly and adding on the promising one 4. Opting to close the whole trade and open another one when the trend is going in my favoured direction . This resulted in me realising low profits as compared to holding on to the same entry price and take profits at my targeted tps. 5. Using DCA blindly with high leverage. This has shortened my road to liquidation whenever the trend wentagainst my favoured direction. Sometimes its better to just close the trade , accept losses and move on 6. Opening too many trades at the same time. At one point i opened 20 trades and the results were catastrophic .its not managable ay a 7. Getting used to a margin ratio in the 20s. This has led my situation to go from bad to worse in a second and traumatized me such that im now scared of binance alerts. Liquidation email alerts were the order of everyday. 8. Not checking whether my stop loss price is higher than liquidation price in longs and vice versa. Disaster right , sad 9. ignoring the 1% or 2% per trade gospel advice. it always end in tears More advice is welcomed as i rebuild and start again. #BTCNextMove the struggle continues #bullish or #bearish tbcontinued

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lessons learnt so far as a rookie futures trader who blew her account 1. Ride the wave. it is wiser to flow the flock than trying to beat the general market sentiments 2. Using stop loss always. I was tempted at many occasions to move my stop loss and cancel it completely which resulted in heavy losses. This also led me to spent so many nights with my eyes peeled watching the trades. Not healthy at all 3. Increasing capital whenever the trade is going in my favour. This has resulted in unimaginable losses when the trend suddenly reversed 4. Opting to close the whole trade and open another one when the trend is going in my favoured direction . This resulted in me realising low profits as compared to holding on to the same entry price and take profits at my targeted tps. 5. Using DCA blindly with high leverage. This has shortened my road to liquidation whenever the trend continued to go against my favoured direction. 6. Opening too many trades at the same time. At one point i opened 20 trades and the results were catastrophic . 7. Getting used to a margin ratio in the 20s. This has led my situation to go from bad to worse in a second and traumatized me such that im now scared of binance alerts. Liquidation email alerts were the order of everyday. #BTCNextMove i still have a long way to learn ,build capital and be a reaponsible trader $BTC

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