$AUDIO is bullish 🚀🚀🚀 | Ozicrypto on Binance Square

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Bullish

$AUDIO is bullish 🚀🚀🚀

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How do I take profits in the crypto market? The first thing is to learn to save ur earned profit and prevent losses. Instead of booking more profit .. let’s say if you start with a $30,000 account and take a loss of 5%, your account value will fall to $28,500. This is also referred to as taking a 5% drawdown. Now, if you make a profit of 5%, you will make $1425. This only brings the account back up to $29,925. You’re $75 short. This can seem insignificant, but as the drawdown percentage increases, it becomes extremely harder to recover losses. For example, it may not seem like much if you lose 1% of your trading account, as it only needs an increase of 1.01% to recover to its previously held position. However, a drawdown of 20% requires a 25% return, while a 50% drawdown requires a massive 100% increase in profits to recover to the same balance. The bigger your losses, the exponentially harder it will be to recover. That is the main reason we always limit our losses at 1%. If you’re in a situation where you lose 50% of your account, you’ll have to double your money just to get back to your original point. Drawdowns Are Normal For you to become a high-profit trader, you must create a trading strategy that will enable you to withstand these periods of losses. Part of your trading plan is the risk management strategy. If you practice these money management strategies with patience and discipline the reward will be amazing. Periods of prolonged drawdown periods will occur at some point in your trading career.To think otherwise would be irrational. Even the best hedge fund managers, and investors on earth post entire years of drawdowns in a row. It’s easy to let greed creep up on you after three winning trades, and try to seize an opportunity by risking too much on a single trade. You can get badly hurt &repeating this behaviour might even lead to you quitting trading completely. Remember, consistent profits will take you much further in life than gambling. If you master these principles in your trading, you’ll get very far in life. #ftx

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What Is opBNB? BNB’s Optimistic Layer 2 Rollup What Is opBNB? opBNB is a Layer 2 scaling solution for the BNB Chain. It is built on the OP Stack, and will offer users faster and cheaper transactions through optimistic rollups. Key Takeaways opBNB is an optimistic rollup network built to scale BSC. It is meant to take the bulk of the workload away from the mainnet and enable the whole network to perform better against increased demand. It uses a sequencer for transactions and a Batcher to package them into batches. opBNB network attempts to achieve high throughput without sacrificing security by contracting the main network (BSC) for the final validation of transactions performed on its execution layer. A verifier is used to ensure the integrity of these transactions. opBNB mainnet has launched after spending over a month in the testing phase, with the network will be gradually opened to the general public. Characteristics of opBNB Here are some features of the opBNB network: Scalability Layer 1 blcohchain like BSC and Ethereum handle all the core functions of blockchain operations (execution, consensus, settlement, data availability) at the network level. This means that there is a risk of network congestion during peak periods or spike in traffic, which results in high transaction fees, slow transactions, and poor user experience. Layer 2 networks are an execution layer built on top of the main network to enable scalability, offering users lower fees and faster transactions. In the case of opBNB, it utilizes optimistic rollups, where transactions that take place on opBNB are rolled up into a single transaction before being submitted to BNB. Interoperability As opBNB is built on the OP Stack, it is interoperable with other Layer 2 platforms that utilize the OP Stack, such as Optimism and potentially Base. Moreover, opBNB’s EVM compatibility and support for Solidity helps to create an open and collaborative system across other OP chains, driving innovation. #BNB #crypto2023

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Good to be back 🤝🚀🚀🚀🙂 #BTC #BinanceTournament #crypto2023

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