Phúc Du
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- Hey, don’t just sit around and chat with the guys
Do you know why when you place an order, it often reverses by 0.5-1% and you end up holding losses??
- It’s because the trading bot of the exchange is programmed this way, causing you to lose your composure and easily make mistakes afterward
- It’s similar to when you hold a loss and then finally exit, it often spikes, leading you to get frustrated and continue entering orders with worse entries than before. This is all part of the psychological trap set by the exchange.
Have you ever wondered why that guy has such a good entry while I’m just holding losses with stop-losses?
- In my case, I usually don’t have stop-losses; for altcoins, it’s normal for the price to fluctuate a few % and affect your account balance
- For example, if I’m shorting RVN, I might enter with 100u at a price of 20; I usually use a 2x leverage, so I only get liquidated at 30.
- If it goes down straight away, great, but if it goes against me up to 30, I will set limit orders for 2 more orders (each order 50u at 29 and 29.5)
- So if RVN reaches that area and hits my limit order, I have a new entry at 24.625 and my new liquidation price is 36.9735
- If it continues to pump to this area, before the liquidation price, I’ll set 2 limit orders at 36 and 36.5, each order being 100u (total 200u)
- If it continues to hit the limit order, I’ll have a new entry at 30.43 and the liquidation price will rise to 45, waiting for a reversal to take profit
- But usually, the whales won’t pump 50% of the coin just to take my 100-200u; the whales need the liquidation price of the smaller whales, so I’m often the small fish that gets overlooked
This is a way to pull an entry from price 20 up to 30 that you can refer to and apply
#tradetips
Do you know why when you place an order, it often reverses by 0.5-1% and you end up holding losses??
- It’s because the trading bot of the exchange is programmed this way, causing you to lose your composure and easily make mistakes afterward
- It’s similar to when you hold a loss and then finally exit, it often spikes, leading you to get frustrated and continue entering orders with worse entries than before. This is all part of the psychological trap set by the exchange.
Have you ever wondered why that guy has such a good entry while I’m just holding losses with stop-losses?
- In my case, I usually don’t have stop-losses; for altcoins, it’s normal for the price to fluctuate a few % and affect your account balance
- For example, if I’m shorting RVN, I might enter with 100u at a price of 20; I usually use a 2x leverage, so I only get liquidated at 30.
- If it goes down straight away, great, but if it goes against me up to 30, I will set limit orders for 2 more orders (each order 50u at 29 and 29.5)
- So if RVN reaches that area and hits my limit order, I have a new entry at 24.625 and my new liquidation price is 36.9735
- If it continues to pump to this area, before the liquidation price, I’ll set 2 limit orders at 36 and 36.5, each order being 100u (total 200u)
- If it continues to hit the limit order, I’ll have a new entry at 30.43 and the liquidation price will rise to 45, waiting for a reversal to take profit
- But usually, the whales won’t pump 50% of the coin just to take my 100-200u; the whales need the liquidation price of the smaller whales, so I’m often the small fish that gets overlooked
This is a way to pull an entry from price 20 up to 30 that you can refer to and apply
#tradetips
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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