Just starting a business? Don't tell your families/friends | Ronex_ on Binance Square

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Bullish

Just starting a business?Don't tell your families/friends about it.
Go underground for 06 months, learn a skill and become unbeatable.
Grow yourself in silence.
#ACE #BTC #BONK #INJ #BinanceWish $BTC $ETH $BNB

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Lessons from a Decade of Crypto Trading: 6 Key Takeaways My few year journey in cryptocurrency trading has taught me valuable lessons that transformed my approach from losing to winning. Here are the six essential insights that refined my strategy: 1. Ride the Wave with Strong Currencies: Use the 60-day moving average as your guide. Enter trades when the price consistently stays above this line and exit quickly if it falls below. 2. Beware of Skyrocketing Gains: Be cautious of rapid gains exceeding 50%. Opt for smaller, calculated positions to manage risk and optimize costs. 3. Spot Early Warning Signs: Identify potential surges by tracking minor fluctuations (-10% to 20%) before major upswings. Enter positions gradually at lower prices. 4. Surf the Emerging Trends: New market trends often experience 3-5 days of growth. Recognize and ride these waves to align with the primary market momentum. 5. Tread Carefully in Bear Markets: During downturns, minimize positions for at least six months. Scale back trading activity when market sentiment is negative. 6. Regularly Review and Refine: Focus on evaluating your trading strategies, not just profit and loss. Address errors promptly to refine and enhance your approach. Success in trading demands continuous learning and adaptation. I'm here to navigate the markets with you, regardless of the conditions! #ETH_ETFs_Approval_Predictions #TradingMadeEasy #Write2Earn! #MtGoxJulyRepayments #SOFR_Spike $ETH $NTRN

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WARNING NEWS ALERT ‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️ DON'T INVEST YOUR INCOME Recently, a follower told me, "I'm planning to invest all my earnings from my job into crypto!" This is a critical mistake that can lead to losing all your hard-earned money and ending up with no savings. Investing a portion of your income in crypto and stocks is a smart move. However, avoid investing your entire income, or even the majority of it, in cryptocurrency. Remember, the crypto market is extremely volatile. While it can offer substantial gains, it can also result in significant losses. Investing most of your earnings means risking a large amount of capital, for which you might not be psychologically prepared, often leading to costly emotional decisions. During the last bull market, I witnessed many individuals make this mistake, losing three to twelve months' worth of salary. They typically sold at the worst times and bought at the best, driven by emotions. Avoid making the same mistake by managing your investments wisely. Many crypto enthusiasts might criticize this viewpoint, believing that cryptocurrencies are infallible and risk-free in the long run. This is simply not true. Invest wisely, take profits by selling your cryptos, and exit the market. You can re-enter during the next cycle, and you'll be glad you did. This post reflects my personal opinion. Thank you for reading. If you found this helpful, please like, comment, share this post, and subscribe. It greatly supports me. You can also tip me to provide financial support for my efforts to educate you about the crypto market. Many thanks to those who do so. #BTC_Bounce_Back_to_57k #Write2Earn! #BinanceTurns7 #US_Job_Market_Slowdown #BinanceTournament $PEPE $BTC

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Read These Risk Management Tips to Become Profitable👇 1. Trading Plans: Develop detailed trading plans outlining your entry and exit strategies, risk tolerance, and profit targets. 2. Trade Reviews: Regularly review your trades, both winners and losers, to identify areas for improvement. 3. The "2% Rule": Consider limiting your maximum daily loss to 2% of your trading capital. 4. Risk-Adjusted Leverage: Adjust your leverage based on the volatility of the market and your individual risk tolerance. 5. Portfolio Correlation: Be mindful of correlation between assets in your portfolio to avoid overexposure to specific risks. #SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS #BinanceTournament $BNB

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Here are Some Advices For You to Become Profitable in Future Trading👇 1. Liquidity Risk: Trade on highly liquid contracts to ensure smooth order execution and avoid slippage. 2. Counter-Trend Trading: Approach counter-trend trading with caution due to its higher risk profile. 3. Volatility Expansion: Anticipate volatility expansion during news events or market announcements. 4. Risk Parity Rebalancing Frequency: Determine the optimal frequency for rebalancing your risk parity portfolio. 5. Tail Risk Hedging: Explore options strategies to hedge against tail risk events (extreme market movements) $BONK #SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions

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A month of 2024 is Done, and - I started learning MERN stack. - Made 10k through freelancing. - Started Investing with Stocks. the lazy me from last year would be so proud 😂 ya'll its never too late to get ur shit straight Tell me about your first monthn of 2024 in comments below. #Write2Earn #JUP #fomc #xrp #TRB $BTC

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