$BAKE

This is the first time I have seen this in a long time, the price of the asset simply fell lower and lower. All my trading rules did not work, the analysis left the chat, as if a magnet had been placed below. The price always moved strictly downwards, even practically not covering the 5-minute timeframe.

I opened a position, took profit, opened it again and made money again. It seemed too simple to me and I kept stopping myself.

Within a day a drop of -25% is crazy. If I opened a position at an asset value of 0.4 with 20x leverage and handled the emotions to 0.3 for only $1000, by the end of the day my portfolio would have +$9000.

This thought may be haunting, but during all the time of trading I realized one thing: it is better to take a small piece of the pie and go to sleep than to exit with a stop of -$500 out of greed and then torture yourself even more.

What do you say? Who made how much today in this bear market?

🤝 What is the Fed for beginners.

The Federal Reserve System, or Federal Reserve System, is the central bank of the United States of America.

The Fed's main functions include:

1. Money supply regulation: Controlling the money supply and interest rates to ensure price stability and economic growth.
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2. Supervision and regulation of the banking system: Ensuring the stability and security of the banking system.
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3. Supporting financial stability: Preventing and managing financial crises.
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4. Ensuring the payment system: Ensuring the functioning and improvement of the national payment system.

The Federal Reserve was created in 1913 in response to frequent banking panics to ensure the stability of the country's financial system. The Federal Open Market Committee (FOMC), the key body of the Federal Reserve System, meets eight times a year, approximately every six weeks.

At these meetings, current economic conditions are discussed and decisions about monetary policy are made, such as changes in interest rates and other measures to manage the money supply.

$BTC $ETH

🥇 If you had 10,000$ in your portfolio today, what altcoins would you buy and why?!

It would be interesting to know which projects you consider promising and why they deserve attention.
#FavoriteToken#TopCoinsJune2024 #BTC

🎉 $IO Token is now on Binance!

The IO token has finally been listed on Binance. I staked $7500 at $FDUSD and got about 10 coins. As soon as they became available for trading, I immediately sold them at the start. Result - +$40 in your pocket.

What are your results? Share your successes in the comments!

#TopCoinsJune2024 #BTC #Bitcoin #DeFi

So, well, you can try:

The wallet community has launched a new promotion with a pool giving away up to $50k. Against the backdrop of a fall in the price of $NOT , most likely to stabilize the situation. You can participate in the program by completing simple tasks and earning points.

Soon the price gave a slight upward impulse, but in the future there is still a feeling that the price will see 0.009 earlier.

The tasks are not difficult, let's try.

The end of the promotion is June 24.
Look for the link in the description

$DUSK

The moment of truth.

The price tested and rebounded from the resistance area in the $0.46-$0.48 area.

Now there is consolidation below this zone.
I expect a slight pullback to the $0.40 level before a new attempt to break through resistance.

If we break through and maintain this level, interesting heights await us. Buy some on spot, you won’t regret it.

Let's look at the movement together.
#DUSK#tradingshot #Binance55thProject(IO)#binance#TopCoinsJune2024

Why is it that every time you enter a trade you lose money? Let's find out!

1. Lack of knowledge: Trading cryptocurrencies requires understanding the market. Learn basic terms and strategies.
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2. Emotional Decisions: Trade based on analysis, not emotions. Fear and greed can lead to losses.
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3. Lack of a plan: Develop a trading plan and stick to it. Determine your goals and loss limits.
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4. Poor risk management: Don't invest more than you can afford to lose. Diversify your investments.
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5. Lack of Analysis: Analyze past trades to understand what went wrong and avoid repeating mistakes in the future.

Happy trading on Binance! Subscribe

How not to become a gambling addict: tips for responsible trading. (Part 2)

6. Ask for help if needed.
If you feel like you're losing control of your trading, don't hesitate to seek professional help. There are organizations and support services that can help you overcome your addiction.

7. Use demo accounts
If you are a beginner, start with demo accounts. This will allow you to master trading without the risk of losing real money.

8. Learn from mistakes
Failed trades are part of the learning process. Analyze your mistakes and learn from them so as not to repeat them in the future.

9. Set realistic expectations
Don't expect to get rich instantly. Trading takes time, knowledge and experience. Having realistic expectations will help you avoid disappointment and stay motivated.

10. Watch your health
Regular exercise, eating right and getting enough sleep will help you stay fit and make smart decisions.

Remember that success in trading depends not only on luck, but also on discipline, knowledge and control over your emotions. Good luck bro 👋🏻

How not to become a gambling addict: tips for responsible trading. (Part 1)

Some tips to help you stay in control and trade responsibly:

1. Set limits on losses and profits
Determine in advance how much you are willing to lose in one trade and how much profit you want to make. Stick to these limits strictly to avoid impulsive decisions.
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2. Manage risks
Don't invest all your funds in one cryptocurrency. Diversification will help reduce risks. Use only the amount you are willing to lose.
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3. Study the market
Before making trades, study the market, follow the news and analyze the charts. Being well informed will help you make more informed decisions.
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4. Avoid emotional trading
Emotions can lead to impulsive and rash decisions. If you feel your emotions getting the better of you, take a break and calm down before continuing to trade.
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5. Follow a routine
Don't trade around the clock. Set specific times for trading and rest. This will help you avoid burnout and maintain your mental health.

Subscribe for the second part 🙏

👇🏻 What is leverage?

Leverage means using borrowed funds to trade. For example, if you trade $100 with 2x leverage, you use your $100 and borrow another $100. So your total trade is $200 and your profits and losses are doubled. But if you lose 50%, the trade will be closed to prevent further losses.

Many people mistakenly think that leverage allows you to earn more money. In fact, it helps limit risk by investing only a portion of your capital. For example, with 2x leverage, you can invest 10% of your funds using only 5% of your equity. This means that you do not risk all your capital on one trade.

Leverage is not a way to increase income, but a tool to reduce risk. Understanding this is important for safe trading.

When trading crypto, losses are inevitable. It is important to behave with dignity and not panic. Here's what might help you, bro:

1. Accept losses as part of the game. Everyone has losses, even the most experienced traders. This is fine. The main thing is to learn from your mistakes and move on.
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2. Don’t try to win back right away. When I first started, I often tried to immediately regain what I lost, which led to even greater losses. It's better to take a break, analyze your mistakes and return to trading with a clear head.
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3. Manage risks. Setting stop losses and proper money management help minimize losses. This is important for long-term success.
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4. Emotional stability. Try not to give in to panic or disappointment. Meditation, sports, or simply relaxation can help cope with emotions.
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5. Learn and improve. Every loss is a lesson. Study your mistakes, look for information, improve your knowledge and skills.
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6. Community support. Talking to other traders, discussing situations and getting advice can greatly help in difficult times.

Ultimately, it is important to remember that success in trading does not happen overnight.

Hello 👋🏻

Today I want to share with you some tips on how to properly hold cryptocurrency and not sell it at a loss. Here are some tips to help you stay calm and confident:

1. Long-term thinking: It is important to remember that cryptocurrencies are long-term investments. The market can experience both sharp declines and rapid rises.

2. Diversification: Do not invest all your funds in one coin. Distribute your investments between different projects.

3. Don't give in to emotions: Emotions are your main enemy. When you see the market falling, it's easy to panic and sell everything at a loss.

4. Research projects: Before investing, do thorough research. Find out more about the project, its team and technology. If a project has good fundamentals, this will give you more confidence in its future.

5. Passive income: Use staking opportunities if they are available.

6. **Plan Ahead**: Set goals and levels at which you are ready to sell your assets. This will help you avoid impulsive decisions and maintain control over your investments.

Subscribe to find out more

👋🏻 Hello, trader!

Let's talk about how to become more successful in trading on Binance. It's important to remember a few things:

1. Trading Strategy: Before you start, come up with a plan. Determine your goals, how much you are willing to risk and when you will exit the trade. Don't follow the crowd blindly.

2. Market analysis: Use technical and fundamental analysis. See charts, read news and analyze data. This way you will better understand what is happening in the market.

3. Risk Control: Never invest more than you can afford to lose. Set stop losses and monitor the risk/reward ratio. This will help you preserve capital.

4. Trading Psychology: Emotions can get in the way. Fear and greed often lead to mistakes. Stay calm and follow the plan. Don't panic if something goes wrong, and don't take too much risk after successful trades.

5. Training and development: Always learn. Read books, take courses, communicate with other traders. The more you know, the more confident you will be.

Good luck and profitable trades on Binance! Subscribe to receive useful knowledge.
#Binance#CryptoTrading#Trading#Market Analysis#Psychologyof Trading#Strategy#Risks

There's something about it. The first person in a long time to look at the market from a different angle

Who knows anything about the MEXC exchange and its MX token?

There are up to 300 listings per month with very high volatility and risk.

I became interested when BOME hit it at 0.00700. When we found out about it, it was already trading much higher.

You can participate in Airdrop distributions from the exchange if you stake 1000 MX coins for a calendar month. Their current value is 4.9-5

Is it worth doing this and what are your thoughts and experiences?

#MX