Lessons Learned from Failing My First Crypto Futures Trading Challenge
So, I recently took a shot at crypto futures trading, and let me tell you, it didn't quite go as planned. But hey, every stumble is a chance to learn, right? In this little story of mine, I'll share why I tripped up and what I learned from it all. Overconfidence and Lack of Prep Okay, so picture this: I dove into the challenge thinking I had it all figured out. I mean, how hard could it be, right? Well, turns out, it's pretty darn tough. I didn't take enough time to really understand how th
🔴 $SOL $PEPE $NOT 🔴 🔴 Simple Risk Management Strategy for Futures Trading 🔴 Let's say you have 100 USD to trade with. 1. Position Sizing with Leverage: The entire position with leverage should not exceed 100 USD. Using 50x leverage means your margin should be no more than 2 USD. This makes your whole position up to 100 USD, ensuring no liquidation point since the position is within your total funds. 2. Why and When to Use Leverage: Using 5x leverage vs. 50x leverage means you are being lent 5 times your money vs. 50 times. Higher leverage increases risk; trading with a position larger than your funds introduces a liquidation point. Without exceeding your funds, you can avoid liquidation. 3. Example: Open a position with a 1 USD margin and 50x leverage, making the whole position 50 USD. If the chosen crypto moves up 1%, you've gained 50% on your margin (0.50 USD).A 10% move results in a 500% gain on your margin (5 USD on your 1 USD margin). 🔴 Key Points: Always keep your leveraged position within the total amount of funds to avoid liquidation. Leverage allows for greater potential returns but increases risk, so use it wisely. Manage positions and leverage to ensure you're trading safely and effectively. #Megadrop #BTCMarketPanic #RecessionOrDip? #NOT🔥🔥🔥 #Write2Earn!
$NOT 0.0080994 Pay attention to details.. Our Previous Target has been achieved accurately,
When NOT price was at 0.009812, I posted and advised to my member that Our Second TP is 0.1514. Then I posted again that we are going to HIT 0.1715. (Check my previous)
When BTC was at 67,500 I advised to my member to Exit market. Sorry for the late Post my friends.
Before Reading this please make sure, you Read it properly not only just title.. (Kids Stay Away from this Post) People who just think market goes only up, there is no way coming back then Leave please.
In Upcoming sessions, if we able to Resist above 0.01209 for at least 45 Minutes then surely we are going to Hit 0.01455 but but but our first TP would be at 0.01327.
Now 0.01455 is the highly Volatile Zone for $NOT and it will potentially get breakout within matter of Minutes & that rally will stop at 0.0179 or even above.
Because what we need is only confirmation of $BTC BTC which has to break above 67,300. Nothing is gonna happen without these levels that I am sharing for you guys.
Guys Always keep that in mind, that 90% of the coins in crypto will Never & Ever touch their ATH again but for NOT coin there is Strong Spot Buying above 0.008099 but right now divergence is bearish and volume is droping down.
I make it easy for you by sharing levels for the worst, For coming sessions 0.010800 is Technical support of NOT breaking that support first buy would be at 0.0090 and staying 1 session below this level means we will go down more to 0.008009 (It will happen when BTC will directly come to the Bottom of the range which is 52,900)
There will be many Pullbacks, Recoveries, Crashes, Pumps and dumps. Trade according to levels. (My OLD friends they know that I have told them many accurate ATH of NOT, FLOKI, PEPE, BB)
I hope I explained everything in Simplest & Easiest way. (I update daily 12 Hours moves of BTC and ALT Coins to my Members, Be A one to get the same)
As always Trade Safe.
Your Friend: ShowdownPRO Thanks for your love & Support.
🔥 Notcoin (NOT) Faces Consolidation Despite High Conviction
The Telegram Coin Notcoin (NOT) price is showing signs of a potential recovery after a significant drawdown over the past few days.
This recovery depends on market conditions and investors, the latter of whom are sending mixed signals.
The Notcoin price is sure to benefit from the positive outlook that NOT holders are clearly displaying at the moment. This can be seen from the very positive funding rate of the coin.
$NOT prediction goes 💯.. It's break strong resistance and now on the MOON.
How many of you guys take entry at resistance Break time..??
Technical analysis Update $NOT /USDT, $NOT is trading at $0.01675, up 8.84% in the last 24 hours. The price shows bullish momentum with strong support at $0.01485.
For long trades, an entry above $0.01675 could target the next resistance at $0.01878.
If the price breaks below $0.01485, short trades could be initiated with a target around $0.01329.
$NOT : I am not confirmed BUT ⁉️ . . . . I've been keeping an eye on NOT and it's looking more bullish than bearish right now. The technical situation is still unclear, with both bullish and bearish signals present.
1️⃣ Technical Analysis:
- NOT had a huge rally last week, gaining 73% from a support level. - The cryptocurrency is currently consolidating on higher time frames. - There are major top signals and bearish divergences, but also a loss of momentum. - I see a potential bullish flag forming.
2️⃣ Fundamental Analysis:
- I believe that NOT is fundamentally bullish due to its ecosystem and market structure. - The tone of the market is becoming more bullish, with momentum building up.
3️⃣ Outlook:
- I'm waiting for confirmation before making a move. - A bullish breakout above $0.0158 with momentum and a stable Bitcoin market could be a buying opportunity. - I think a bullish breakout is the most likely scenario, but I won't buy until confirmation is received.
It's not all about the money. I'm also here to have fun and learn new things. Plus, I'm stoked to connect with fellow traders, share tips and tricks, and maybe even make some new friends along the way. #CryptoTrading #NewbieTrader #LearningJourney #Excited #JoinMe
Imagine you're playing a game, and you have to decide if it's worth taking a risk or not. That's kind of what the risk-reward ratio is all about in trading. Okay, let's break it down. Say you're thinking about buying something cool with your allowance money, like a new video game. look at the price and think, "Hmm, is it worth it?" That's where the risk-reward ratio comes in. The "risk" part is like thinking about how much money you might lose if things don't go as planned. For example, if
The Perseverance Game After 7 DAYS of my trading challenge, I came to the understanding that trading cryptocurrencies can be a rollercoaster ride, filled with both exhilarating highs and daunting lows. The volatile nature of the crypto market often leaves traders questioning their strategies and contemplating throwing in the towel. Despite the challenges, there are compelling reasons why you shouldn't give up on trading crypto.
#Cryptocurrency markets are dynamic and continually evolving. Ne