HAVE YOU EVER LOST MONEY IN futures trading before?
If yes, what was the highest amount you lost at a particular trade that almost wrecked you?
Mine was $400 around December 2023. Money I had just collected from my salary, contribution and side hustle. Invested them all in binance hoping to prepare for the bull run. And lost everything at a glance.
1. Always use half of your capital to enter a trade so that the remaining half can provide support for your margin and push down your liquidation price.
A person that has $250 and uses all of it to enter the trade will be liquidated faster than someone that has $500 and uses $250 to enter that trade.
Use cross margin mode to support your trade.
2. Do not overleverage. The smaller your funds, the lesser leverage you should use.
3. Learn to see red and ignore. Trades don’t move in a straight line. You will be losing at some point before you start making profit. If you don’t have the guts to lose, then you shouldn’t be trading.
4. Learn to take profits. You must not get to 100%. Set your own target and take your profit.
something remarkable happened with this coin. going through square space I see a lot of post and comment from people who Longed Spell and got liquidated. some claim they lost all their fund (money in their portfolio ) others claimed a better percentage of the money they traded with have gone.
People are crying , weeping. I even heard it was a fake pump.
My People, let me ask you this, why long a coin that has already pumped so high? We're you expecting t to pump to the heavens!
Well, my followers are all smile as I called a short and they immediately took advantage and made gains.. But you missed out because you don't believe me
Sol broke the bearish trendline and formed bullish trend on daily time frame
Previous week closing was very good for bull run and in previous week price got rejection from 79
Previous month closing is not good and previous month high was 116 and low was 79 and closing price is 97
Resistance is between 105 to 107 and support is between 85 to 92
Buy will good from support and on daily time frame sol is bullish. It will be better to buy it from support and i don't recommend short sol #Solana-SOL #Write2Earn #cryptochartcraft #solana #SolanaSurges