People often invest 1000$ and plan to earn 1000$ daily, an impressive willing, and some of them often make 1000$ 3-4days and after they didn't get withdrawl and get liquidate instead.
What should be the strategy?
The difference between the crypto market and other stock is that the crypto market is open 24/7 while other operates only few hours a day.
As it is available 24/7 it brings alot opportunities, but why you get fail most of time?
The Answer is very simple that is "Over Trading".
Those who trade only spot are superman, and i would like to tell you most of the whales doesn't even play futures.
If we go back to the month of August when i predict the price for $EGLD $SOL $RUNE etc...
The price of #Rune was 1.2$ and now it is 5.3$, egld was 27$ and it went to 50$, and #Sol was around 17$ and even #Btc was 26k i told my followers that it will go above 30k,
Some of them turn panic and sold out there asset in panic with small profit and those who used to believe in me keep them till the mark target.
In Simple words for spot traders "you only lose when you sell"
For futures Don't try to make 100$ a day by investing 100$ keep the target to 3-5$ daily or set a monthly target when the plan targets gets complete avoid trading that day.
Do you want to know how i trade?
I only take 3-6trades a months and bring enough for me to survive for 2 months, i don't plan to get rich early, when the amount i planned for the to earn get fulfil i don't do more trading i just simple withdraw the profit and enjoy
most of the people between the age 18-32 invest in crypto to get rich early bro if does that you will only do gamble your money and you might get loss all.
DO YOU KNOW WHEN DID YOU TURN TRADER? When you'll start trading risk free, and doesn't get panic or depress when sl hit.
Follow the strategies I mentioned above, it will help you alot there are many people who ask me daily for trades, i often doesn't provide them the trades the reason is very i missed the entry, and often the market doesn't look good for trades.
Thank you
#beyoglu