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NEVER sell your#bitcoin☀️ 🚀 🚀
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Analyst says forget Dogecoin and Shiba Inu, this AI altcoin could turn $500 Into $1M Shiba SHIBA Dogecoin DOGE Dogecoin DOGE WallitIQ WLTQ Shiba Inu SHIB#NovCryptoOutlook #altcycle #web3trend #Write2Earn! #mememcoinseason2024
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FOR BEGINNERS WITH ONLY SPORT TRADING " it is better time to learning first about candlesticks pattern, " GOOD binance#BNSOLToken and Best #Solana_Blockchain
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How to Place a Stop Loss Order Properly ?Why Yours Always get Hit? The purpose of a stop loss order is to set a maximum threshold of risk on any given trade. Making sure you are using a stop loss order is a critical component of any risk management strategy. You do have one right? If not, click here to read about creating your own money management strategy. When you use a stop loss order properly you can minimize your risk and stay in the industry for the long haul. If you are using a stop loss order incorrectly you will find that it is always getting hit, then the trade reverses and moves immediately back in your direction. But why is this? Place a Stop Loss Order – The Wrong Way to Do It You decide that you will only risk 2% of your account balance on any given trade. Your account is at $10,000. This means that your maximum loss per trade is $200. Next you look at the char below, and decide that it is time to get long now. So you go ahead and purchase 2 contracts of the SP500 futures (e-mini aka ES). Each point is equal to $50 of profit or loss. You own two contracts.This means for each point the SP500 moves, you will lose or gain $100 dollars.Given the above, you place your stop at 2,468 to stay at your 2% maximum risk.You feel great that you are managing risk, you’re doing everything you have learned. You’re a pro.Two minutes later your stop gets hit.You think to yourself, oh well, at least I managed risk on this trade.But did you?What you actually did is take a really low probability trade, which was most likely going to lead to your stop being run.You actually placed your stop loss the exact opposite way as to how a professional trader would gain.#Write2Earn!
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#Write2Earn! THIS INFORMATION FOR THOSE WHO HAD A BIG LOSS 📉 If someone is experiencing losses in cryptocurrency trading, here are some steps they can take: Immediate Actions: 1. Stop trading: Avoid making impulsive decisions. 2. Assess the situation: Calculate losses and reassess investment goals. 3. Secure assets: Transfer remaining funds to a secure wallet. Short-Term Strategies: 1. Hold and wait: Ride out market fluctuations. 2. Average down: Buy more at lower prices (dollar-cost averaging). 3. Diversify: Spread investments across different assets. 4. Cut losses: Sell losing positions to minimize further losses. Long-Term Perspectives: 1. Reevaluate investment goals: Consider risk tolerance and time horizon. 2. Educate yourself: Improve trading knowledge and skills. 3. Develop a strategy: Create a plan for future investments. 4. Consider professional advice: Consult financial experts. Emotional Well-being: 1. Accept losses: Don't deny or become overly emotional. 2. Learn from mistakes: Analyze what went wrong. 3. Take breaks: Step away from trading to clear your mind. 4. Focus on the big picture: Cryptocurrency market fluctuations are normal. Prevention is Key: 1. Set realistic expectations. 2. Use proper risk management (stop-loss orders). 3. Diversify investments. 4. Stay informed but avoid FUD (fear, uncertainty, doubt). Resources: 1. Cryptocurrency forums (e.g., Reddit, Telegram). 2. Online trading communities. 3. Financial advisors or mentors. 4. Educational resources (e.g., books, courses). Remember, cryptocurrency trading carries inherent risks. Always prioritize risk management and educate yourself. Additional resources: - Coindesk's "Cryptocurrency Trading Guide" - Investopedia's "Cryptocurrency Trading Strategies"#BNBvsSOL 🎯 #BNSOLToken #StakeSOL #airdrops 🔥 bnbtoken is our safeguard
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