Why Do Traders Fail in Spot Trading - Reasoning with solutions
1. Lack of a Clear Strategy: Reason: Many traders enter trades without a well-defined plan, chasing short-term price movements or blindly following trends. Solution: Develop a solid trading strategy that includes entry and exit points, stop-loss limits, and profit-taking levels. Stick to it. 2. Emotional Trading: Reason: Emotional decision-making often leads to panic selling during market dips or FOMO (Fear of Missing Out) buying during market spikes. Solution: Use logic over emotions. Set autom
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Currently running a successful ETHUSDT trade with a $12 profit, and it's clear how strong Ethereum has been lately. With increased utility in DeFi, NFTs, and upcoming upgrades, ETH has demonstrated solid support levels and continues to show bullish potential. If you’re trading ETH, it’s worth paying close attention to its long-term growth and current market dynamics.
It seems the recent wave of bans has primarily affected users with single accounts accessed on multiple devices, while those receiving free keys have remained largely unaffected. The detection system, which relies on IP-based monitoring, flagged accounts with unusual patterns of device activity.
What’s interesting is that only certain users were targeted, while others who benefitted from the free key giveaways were left untouched. The enforcement appears to be focused more on suspicious account activity rather than on those taking advantage of the giveaways.
#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here! BTC/USDT is showing resilience in today's market, with key levels in focus. Watch out for potential breakout zones as volatility might bring new trading opportunities. Stay sharp and trade smart!