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GREEN LIGHTS _PH
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IMPORTANT IN HOLDING BITCOIN if your position is similar as shown in photo you will wait for a confirmed trend reversal before you close your hedge position . trend reversal is so important to understand before you close your hedge position to avoid possible further losses . in this case expertise is required to pin point precisely what is fake or true reverse of trend of market price . you should be careful of making exact decisions coz market is maniputable and full of fake movements.always remember expertise is required if you are trading or holding BITCOIN . TRADE SAFELY
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LIMIT ORDER AND HEDGE ORDER after the rise I opened hedge believing that market will fall BTC at 67k, now i set a limit order to my hedge position that if market price dropped to 67k it will automatically triggered a sell to my hedge position this is for working traders who are in the field working. this is not a financial advice this is for learning purposes only for newbies .
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UNDERSTANDING HEDGE MODE Hedge was introduced as a tool to protect a trading position when it's In danger of potential looses or Liquidations , hedge was designed to stop your losses but at the same time it's a running trade , this was not intended to make profits. using this tool is also need of expertise and correct timing of executions to acquire it's effectiveness in the course of trading . There's also disadvantages and danger of using this tool like cuts on trading fees such as excessive usage of this tool . always remember never use any tools in futures trading which you don't understand . TRADE SAFELY
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BUY THE DIP AND HOLD is unbeatable and with full of confidence futures trading , if you have job don't quit at the same time buy Bitcoin at corrections and hold for a long time at the end you will be a winner 🏆 coz Bitcoin was born to grow it's price .
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STOP LOSS KILLS stop LOSS-order can kill any positions due to stop loss hunting by manipulators, stop loss order serve as a killer to trading position if hitted .on the other side majority of traders think that stop loss is their hero coz it saves the remaining balance of assets . they accept their losses as part of trading . every trader has different views and belief, on my part I really hate losses and Liquidations so I don't apply any tools that makes my position weakened as SL. I am utilizing other tools that is useful to make my position more stronger and can't be killed by any manipulations of the market . TRADE SAFELY
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