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🧯 WARNING: LEVERAGE is SUICIDAL
Big Caution for Beginner Traders!
As newcomers embark on their cryptocurrency journey, the allure of leveraged trading often captivates them with the promise of amplified profits. However, it's crucial to recognize the dual nature of leverage: while it can indeed magnify gains, it also escalates the potential for losses. The reality of leveraged trading is more complex than it may initially appear. Success in a few initial trades, possibly due to luck, doesn't guarantee long-term profitability. Over time, the market dynamics often lead to the erosion of early gains and can result in significant financial setbacks.
Entering the world of trading requires more than just a cursory understanding of technical analysis. Effective trading encompasses both strategy and psychology, with the latter often being the undoing of many traders. The psychological strain of trading, particularly under leverage, cannot be underestimated. Initial losses can induce a panic response, prompting a cycle of poor decision-making in an attempt to recoup losses. This cycle can be difficult to escape, potentially leading to the depletion of one's trading capital.
It's essential to be realistic about the competitive nature of the futures market, which includes players like exchanges (e.g., Binance), institutions (e.g., Blackrock, Microstrategy), and individual traders. The financial and informational advantages held by exchanges and institutions can make it challenging for individual traders, especially those with limited capital, to consistently outperform the market.
This perspective is shared from my personal experience and observations in the hopes that it may provide valuable insights for those considering leveraged trading. The aim is not to deter enthusiasm but to encourage a more informed and cautious approach to trading practices.
Thank you for engaging with this post.
Matthias Mende aka Professor Mende
#btc #eth #bitcoin #safu #ardrop
Big Caution for Beginner Traders!
As newcomers embark on their cryptocurrency journey, the allure of leveraged trading often captivates them with the promise of amplified profits. However, it's crucial to recognize the dual nature of leverage: while it can indeed magnify gains, it also escalates the potential for losses. The reality of leveraged trading is more complex than it may initially appear. Success in a few initial trades, possibly due to luck, doesn't guarantee long-term profitability. Over time, the market dynamics often lead to the erosion of early gains and can result in significant financial setbacks.
Entering the world of trading requires more than just a cursory understanding of technical analysis. Effective trading encompasses both strategy and psychology, with the latter often being the undoing of many traders. The psychological strain of trading, particularly under leverage, cannot be underestimated. Initial losses can induce a panic response, prompting a cycle of poor decision-making in an attempt to recoup losses. This cycle can be difficult to escape, potentially leading to the depletion of one's trading capital.
It's essential to be realistic about the competitive nature of the futures market, which includes players like exchanges (e.g., Binance), institutions (e.g., Blackrock, Microstrategy), and individual traders. The financial and informational advantages held by exchanges and institutions can make it challenging for individual traders, especially those with limited capital, to consistently outperform the market.
This perspective is shared from my personal experience and observations in the hopes that it may provide valuable insights for those considering leveraged trading. The aim is not to deter enthusiasm but to encourage a more informed and cautious approach to trading practices.
Thank you for engaging with this post.
Matthias Mende aka Professor Mende
#btc #eth #bitcoin #safu #ardrop
The in-game panel states that players’ achievements up to September 20th “will be converted into HMSTR tokens” and that “Season 1 ends on September 20.” Players are then urged by Hamster Kombat to “hurry up to level up” before the deadline.The snapshot of players’ earnings and status will be taken at 6 PM UTC on the same day, ensuring that their efforts throughout the season are properly captured. However, a second season of rewards is set to begin following the token distribution.On September 26, Hamster Kombat will introduce its HMSTR token on The Open Network (TON) through an airdrop for all of its avid players. The game is the most played on Telegram, with 94 million active users last month and 300 million total players. In addition to the in-game airdrop, Hamster Kombat will distribute billions of HMSTR tokens through Binance’s Launchpool rewards campaign. The token’s total supply will be capped at 100 billion, with 3 billion set aside for this specific Binance campaign. This partnership with Binance is expected to amplify the exposure and accessibility of HMSTR, further fueling interest in the project and its ecosystem.Players of Hamster Kombat have begun speculating about how much they will earn from the upcoming HMSTR token airdrop. TradingFace suggested that Hamster Kombat could reach $0.19, far surpassing expectations, while Knightron Crypto predicted a launch price of $0.04, quadruple that of Notcoin
#Hamstercombo #tonecoin #TON #ardrop @Hamster Kombat @Ton Network
#Hamstercombo #tonecoin #TON #ardrop @Hamster Kombat @Ton Network
