Guys listen up. Your girl needs some help. So, I have been holding these trades from last 6 months. I have somehow managed to clear FTM at a profit but I’m still stuck in these 5 trades. What should I do. Should I DCA from here or should I wait? Also what should be the next course of action. My margin ratio is way lower so liquidity is not a concern here the thing is I’m mentally exhausted from this. I wanna get rid of all 5 positions asap and start fresh.
Hi, Beginners, let me tell you something! Sadly, you won’t get rich from crypto. Don’t be fooled by “influencers”. Most of them know nothing 💩. The big money is made by whales, market manipulators and Development teams. Crypto is a space where the money is transferred from the greedy one to the patient one. I lost money in 2017/18 buying the top, being greedy. I earned good money in 2020 but lost them all in 2021 because of leverage trading (I was again getting greedy). Finally, after 2022 I started accumulating coins (only spot, no leverage). Now I just sit back and watch the market growing (and not becoming nervous on any 20% dip). I still do leverage trading, but setting stop losses beforehand. This is for fun, not for making money. I know I have 80% chance of losing money. Back to you now. SERIOUSLY. Stop using leverage! You will provably make some money, but I assure you, you will get greedy and make mistakes, losing them all. Making money is a marathon, not a sprint! #NoLeverage
In a bull market, it’s easy to feel like everything is on your side—prices are rising, profits are growing, and it seems like the gains are unstoppable. However, there’s a reality that many overlook: a bull market can reverse quickly, taking back what it gave. This is why knowing when to take profits is essential.
A common mistake is assuming a bull market means "just hold and let it grow." While holding onto strong positions can work, it’s equally critical to know when to cash out some gains. Savvy investors realize that taking profits isn’t about missing out or being fearful; it’s a sign of understanding that markets are bound to correct at some point.
Success requires discipline over greed. A solid strategy is not only about knowing when to buy but also when to sell—a step often ignored by many. Some people believe getting in at the right moment is all that matters. But sometimes, deciding to sell is harder and demands more discipline than timing the perfect buy.
In a bull market, holding on can feel simpler since momentum is high. But this feeling can trap investors. The true skill lies in knowing when to step back, securing profits while others chase every last gain. It’s wiser to take profits slightly early than to wait too long and watch them diminish.
Be thoughtful. Have a plan. Define your exit strategy before you even enter a position. That’s the mindset of a successful trader.
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If you want to be a true trader rather than a gambler, it's essential to approach trading with discipline. Opening positions with 5x-10x leverage using all your capital is akin to gambling. In such high-risk trades, the chances of getting liquidated are extremely high because the crypto market is highly volatile, with price swings of 10%-20% being common. Even with stop-losses in place, a small movement could wipe out most of your capital.
The core principle of successful trading is patience. If you're impatient, you're unlikely to succeed as a trader. Here's why patience is so important:
First, avoid taking 10x leverage or even using all your capital for a single trade. Even trading with 1x leverage can feel like flipping a coin when predicting market direction. Instead, limit your trade size to no more than 5% of your capital.
If the trade goes your way, great! You can take profits when you're ready. If it doesn't, remain patient. With only 5% of your capital at risk, any loss will be manageable. If the market moves 10% against your position, that's when you can consider adding to it.
This approach helps improve your overall position. Since the market usually returns to the mean, it will likely come back to your entry point (with few exceptions). Once you're in profit, hold on a little longer before exiting to secure your gains.
Share your thoughts. Been holding these positions since april. 5 months already. What shoulf I do. Margin ratio is safe. Under 1.5% should I wait? $PIXEL $FTM $WLD
Binance is saying that all open position of matic will be auto closed on 09/04 Can someone guide me on what happens after the position gets auto closed. I’m currently in $150 loss in this position. Will binance reimburse this loss or will I have to bear it? What will happen Should I close it right away? $MATIC
Hi. Please I am in terrible situation. I had managed to make a profit of 4000$ before that april crash. I had many positions opened and didnt close them resulting in total liquidation. In may I decided to open positions again thought market has crashed enough and I was able to generate a meager 700$ profit. This time I had experience I knew I have to keep a check on my margin ratio as it could flicker in absolutely no time but still I am sitting at a monumental loss. I have invested a lot of money and I see no solution. Please help me out.
what else you expect from me in this volatile market 4 days yet to go fasten your seat belts today bearish move willl be too quick in midnigjt ❤️❤️❤️❤️
Common ways Newbie Crypto Traders lose their money
Pumped and excited to start trading , most newbie traders when starting their crypto journey encounter a lot of losses. Due to the happiness and desire to make quick profits, newbies easily make the following mistakes , that usually leads to lose of assets. 90% of them are likely to engage in scam projects and also interact with websites that would steal their assets. Entering the world of cryptocurrency can be exciting, but it's important to be aware of potential risks and scams that newbies might face. Let's explore some ways newcomers can encounter losses or get caught up in scams in the crypto realm. FOMO stands for "Fear of Missing Out." It's a term used to describe the feeling of anxiety or apprehension that someone might miss out on a rewarding opportunity or an exciting event. FOMO often arises when people see others making significant gains or profits from a particular investment, causing them to feel pressured to join in quickly to avoid missing out on potential profits. This fear can lead individuals to make impulsive or rushed investment decisions without conducting proper research or analysis. As a result, they might invest in assets solely based on the fear of missing out on quick gains, disregarding the risks and potential downsides. They may feel compelled to buy into the asset at a higher price, fearing that if they don't act immediately, they will miss the chance for substantial profits. In summary, FOMO in the context of cryptocurrency investing is the fear of missing out on a lucrative investment opportunity, often leading individuals to make rushed or impulsive decisions based on the fear of not being part of a potentially profitable trend. 🔥1. Lack of Knowledge: Newcomers might dive into cryptocurrency without understanding how it works. They could fall for misleading information or invest in projects they don't fully grasp. It's crucial to learn the basics and research before investing to avoid potential losses. 🔥2. Pump-and-Dump Schemes: Some scammers try to inflate the price of a cryptocurrency by spreading false information, creating hype, and then selling their coins once the price rises. Newbies might get caught up in these schemes, buying at high prices and experiencing losses when the value drops suddenly. 🔥3. Phishing and Fake Websites: Scammers create fake websites or emails that look like legitimate cryptocurrency platforms. Newcomers might unknowingly share their private keys or login details, leading to hackers stealing their funds. It's essential to double-check website URLs and avoid sharing sensitive information. 🔥4. Ponzi Schemes: Scammers might promise high returns or guaranteed profits through investment schemes. Newcomers could be lured into these schemes, investing their money only to find out it was a scam, leading to financial losses. 🔥5. Unregulated Exchanges and Tokens: Using unregulated exchanges or investing in new, unknown tokens can be risky. Some exchanges might not have proper security measures, and new tokens could be fraudulent or lack value, causing losses for newcomers. Staying Safe in the Crypto Jungle: To avoid falling victim to scams or encountering losses in cryptocurrency: - Educate yourself: Learn about cryptocurrencies and how they work before investing. - Verify information: Double-check sources and websites to ensure legitimacy. - Use reputable platforms: Stick to well-known and regulated exchanges for transactions. - Avoid FOMO (Fear of Missing Out): Don’t invest hastily due to hype or pressure. - Secure your assets: Use strong passwords, enable two-factor authentication, and store your funds in secure wallets. If you find this educative, please like ,share and follow. You can support us with Tips as this would help us earn money and create more content #MtGoxJulyRepayments #BTC☀ #ETH_ETFs_Approval_Predictions #BinanceTurns7 #US_Job_Market_Slowdown
- Continuously adding to losing trades without setting a maximum risk cap beforehand.
- Getting entangled with an egirl you flew out after flaunting your trading gains, only to end up paying half your liquid net worth in child support.
- Altering your lifestyle and spending habits after a few good trades, assuming you'll consistently make the same money regardless of changing market conditions.
- Getting emotionally attached to a single coin, storyline, or position.
- Never cashing out profits or constantly reinvesting them without ever pocketing gains.
- Adjusting your price targets higher or lower as the market moves in your favor.
- Buying the dip or shorting the spike with leverage, but lacking hard stops or exit plans.
- Ignoring signs that market conditions have shifted and stubbornly trading the same setups without adapting.
- Chasing past high profits with revenge trading and setting arbitrary portfolio targets.
- Developing an invincibility complex from a hot streak and thinking you'll never be wrong.
- Overtrading your main spot or low-leverage positions, or using leverage out of sheer boredom.
Here’s a truth you rarely hear but must know: you’ll fare much better by selling your cryptos too early rather than too late. Greed can lead to significant losses, so it’s crucial to know when to take your profits.
When you’ve made gains, resist the urge to keep pushing for more. Instead, recognize when it’s time to sell. Many people say, “not sold, not lost” when they’re in a losing position, implying the market will rebound. This logic works both ways: “not sold, not gained.” During the last bull market, I watched as many aspiring crypto millionaires, dreaming of lavish lifestyles, failed to sell in time and lost millions, returning to their regular routines and jobs.
Your crypto profits are not real until you’ve sold and secured them. Always remember that the market can shift dramatically at any moment, potentially never returning to peak levels. Some enthusiasts might claim that the market will always rise, but no one can predict its future. Not them, not me, not anyone.
To protect yourself, consider taking profits regularly by selling your cryptos. Otherwise, you risk substantial losses and potential emotional distress, which is more common than you might think. Months from now, some will reflect on this message, recognizing its truth too late.
Thank you for reading. If you found this advice helpful, please like, comment, share, and subscribe. Your support enables me to continue providing valuable insights. You can also tip me to help sustain my efforts in educating about the crypto market. Thank you for your generosity.
Here's something you won't hear often, but you absolutely need to know: you will earn much more by selling your cryptos too early than too late. Don't be too greedy, it will make you lose. When you've made a profit, don't try to make too much of it learn to stop and learn to sell
I see a lot of people say, when they are at a loss on an investment, "not sold, not lost!". It's an extremely stupid phrase because it implies that it will go up later when we don't know that, but more importantly, it also applies in the other direction: not sold, not gained
During the previous bull market, I knew dozens of crypto millionaires who already saw themselves rebuilding their lives, moving to other countries, buying magnificent villas... and in the end, they were caught by the market and did not sell in time: they lost several million euros in total and went back to their usual lives by going to work every morning
It's tough, but it's the return to reality. Your gains in crypto are not secured until you have sold, and you must always keep in mind that the market can turn at any time without ever returning to the highest price levels. Some crypto fanatics in the comments will say no, that it will continue forever: don't listen to them, they have no certainty about the direction of the market in the coming days. Neither they, nor I, nor anyone knows where the market will go. So, consider paying yourself by regularly selling your cryptos at a profit: otherwise, you risk losing a lot and falling into depression, believe me it happens very often
Some in several months will think back to my message and recognize themselves in it, and they will say that I was right and that they should have followed this advice. But it will be too late for them, unfortunately
I have seen many screenshots posted on Binance with questions like "What do you suggest?" or "Can I hold this position or not?" These posts often show users losing money in futures trading. If you're new to leverage trading, understanding these key points can help you avoid common mistakes and protect your investments.
1. Risk Management
When you come to trade in futures, you must learn about risk management. Without it, you can harm your wallet without even realizing it. Understanding how much you're willing to lose on a trade and setting limits is crucial. Always determine your risk level before entering a trade.
Best Risk Rewards Ratio 1:3
if you're margin 100$. your risk 100$ if hit SL, Rewards 300$ if you hit tp.
2. Emotional Decision
Trading based on emotions is one of the biggest pitfalls. Fear and greed can cloud your judgment and lead to poor decisions. It's important to stay calm and stick to your trading plan, rather than reacting impulsively to market fluctuations. that's why I suggest use stoploss..
3. Taking Profit
Knowing when to take profit is just as important as knowing when to enter a trade. Set clear profit targets and stick to them. Don't get greedy and hold on for too long, hoping for more gains, as the market can turn against you quickly. if you like to hold you can use Stoploss at entry or trailing Stoploss when you see a good profit.
4. Stoploss
A stoploss is a pre-determined price at which you will exit a losing trade to prevent further losses. It's essential to set a stoploss for every trade to protect yourself from significant losses. Make sure your stoploss is at a logical level, not too tight to avoid being stopped out prematurely, but also not too loose to prevent major losses.
-30% Per Trade Good RR
Even if 20,000 people seeing this post, only 1% will follow & like this post because they want to learn. I hope you're one of them.
$#Future_trading_tips 🚫Never get liquidated if you do these action:
1. Risk Management: Set a reasonable leverage level and only risk a small percentage of your trading capital on a single trade. This helps protect your account from rapid price movements.
2. Stop-Loss Orders: Always use stop-loss orders to limit potential losses. Set these orders at a level where you are comfortable taking the loss, based on your risk tolerance and analysis.
3. Diversify Trades: Avoid putting all your funds into a single trade. Diversifying your trades across different assets or trading pairs can help spread risk.
4. Monitoring Positions: Regularly monitor your open positions, especially in volatile markets. Be aware of market developments and news that may impact your trades.
5. Use Take-Profit Orders: Consider setting take-profit orders to secure profits when the market moves in your favor. This can help prevent the temptation to hold onto positions for too long.
6. Understand Liquidation Price: Be aware of your liquidation price, and ensure it is well below critical support levels. This reduces the risk of getting liquidated during temporary market fluctuations.
7. Stay Informed: Keep yourself informed about market conditions, news, and events that could affect the assets you are trading. Being aware of potential catalysts can help you make more informed decisions.
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