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crypfx
@crypfx
I eat long and shorts but they sometimes eat me. Regardless I continue to take the risk..
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A post on X went viral where a trader lost $1 millions as a result of the market crash that just happened.
From what the person wrote, they were on 3x leverage long position on $Pepe. They might have assumed taking that low leverage will save them but there is something about how you utilize your margin.
If your margin is and leverage is low, you reduce your risk ratio by less than 1% but your returns in profit will be very low .
High margin and low leverage means your risk ratio will go up.
High leverage and low margin will equally reduce your risk ratio but returns will be low .
We need to learn how balance this.
Also if we are on a very risky trade where there is high price volatility. We should endeavour to keep our eyes on our trades. I have been liquidated several times because didn't monitor my trades.
unfortunately for the person in the viral X post, they slept off thinking everything is going to fine..
lets trade with caution..
Share this post to create awareness about this.
From what the person wrote, they were on 3x leverage long position on $Pepe. They might have assumed taking that low leverage will save them but there is something about how you utilize your margin.
If your margin is and leverage is low, you reduce your risk ratio by less than 1% but your returns in profit will be very low .
High margin and low leverage means your risk ratio will go up.
High leverage and low margin will equally reduce your risk ratio but returns will be low .
We need to learn how balance this.
Also if we are on a very risky trade where there is high price volatility. We should endeavour to keep our eyes on our trades. I have been liquidated several times because didn't monitor my trades.
unfortunately for the person in the viral X post, they slept off thinking everything is going to fine..
lets trade with caution..
Share this post to create awareness about this.
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Keeping Your Mental Health in Check
I decided to write this article from my experience and how crypto trading has affected me mentally.
Trading of any financial class is risky and comes with its own reward and most times losses.
There is just one thing that isn't talked about so much. That is your mental health and how trading such financial class affects you.
The truth is a lot of people are going through a lot because of the losses they have incurred in trading especially trading crypto futures which can see your funds wiped ou
Trading of any financial class is risky and comes with its own reward and most times losses.
There is just one thing that isn't talked about so much. That is your mental health and how trading such financial class affects you.
The truth is a lot of people are going through a lot because of the losses they have incurred in trading especially trading crypto futures which can see your funds wiped ou
what you can do is to enter a short when BTC goes back to $100k
it will then raise up your entry price closer to 85k or more.
but your liquidation price will be lower
it will then raise up your entry price closer to 85k or more.
but your liquidation price will be lower
#BTC☀ any hope?
$ETH There is going to be an explosive run on Ethereum soon.
Has maintained support so well..
watch out for that breakout to $4000
Has maintained support so well..
watch out for that breakout to $4000
Black Friday sales is about to start early on crypto
Buy on the cheap
Buy on the cheap
BTC will be on discount again this coming black Friday.
Set your USDT aside for shopping on the cheap.
Set your USDT aside for shopping on the cheap.
Buying momentum is slowing down in the market indicating an extremely overbought market.
We may start seeing some profit taking in the new week..
We may start seeing some profit taking in the new week..
$BTC For how long can BTC sustain this 90k support. I fear a sharp dump is about to happen that will wipe out long positions.
Michael Saylor said it may not take 2 years for his company, MicroStrategy to raise $45 billion to buy more $BTC
Market correction is imminent.
$BTC will dip any moment from now.
Take profits on your current trade and wait for another buying opportunity after the market correction.
$BTC will dip any moment from now.
Take profits on your current trade and wait for another buying opportunity after the market correction.
$NEIRO going to dump. I wouldn't recommend buying more at this point. Careful on trading this token .
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