This is an informational post for all traders who cannot manage their portfolios and are frequently getting liquidated in
Peace be upon you. To all traders, whether you are new, seasoned, or experienced, please read this post.
My Arab and Saudi brothers, my friends, and all traders, I present to you a very useful trading advice for all of you, especially individual traders.
* If a trader's portfolio is less than $10,000, never trade in high-priced coins like Bitcoin and Ethereum. This is because when using leveraged trading, your portfolio may not be able to handle these trades. Instead, focus on trading altcoins and good projects, using the dominance of Bitcoin and Ethereum and confirming the structure to reduce liquidation risks. Even if the market crashes after making well-studied trades, having reserve funds for dollar-cost averaging (DCA) will allow you to manage your account and trades without fear or worry. Always invest only 2% of your total portfolio in a single trade, and if the price drops, invest another 2% for dollar-cost averaging (DCA) to reduce your entry average.
* If your portfolio is over $10,000, you can trade Bitcoin, Ethereum, and all other altcoins. Make sure that your liquidation level is at least -30% for each coin and trade. Invest only 2% in the first entry and another 2% in the second entry for dollar-cost averaging (DCA) to get a better average price. Aim for zero liquidation, but always keep reserve funds in case of any emergency. Always make trades based on 2-3 confirmations or more to avoid any issues.
And when all of you traders are certain and DCA, and executing your trades, keep a 5% invalidation zone without leverage for your trade, i.e., a stop-loss. And when you are in profit, use a trailing stop-loss for each trade. By moving up 5%, you will increase your profits and minimize your losses.
Keep in mind that the whole market operates on liquidity, and this market was not made to give us money, but to take our money. We need to trade professionally. I've seen many people cling to their losses, haha, I've seen amazing traders. You all need to hold onto your profits; I hope you understand what I'm saying.
I have been in this market for 3 years, thank God, I have learned the entire cryptocurrency market algorithm from a hedge fund manager and trader. If anyone has any questions regarding trading, let me know in the comments section.
If you read this post in its entirety, please comment and let me know what you said and how you found this information.
