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$BOB
Manipulation? This is moves can get you liquidated in a flash. Only manipulation moves candles like that
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Powell speaks at 2pm GMT today!!! Prepare for volatility. 📊 JUST IN: US jobless claims hit 235K, highest since June, with continuing claims at 1.97M (most since 2021). Weak labor data argues for rate cuts - but the Fed officials are holding firm on inflation. The policy clash makes Powell’s Jackson Hole speech even bigger.
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Another Heavy RUGPULL just like $TRUMP Ye (formerly Kanye West) shocked the crypto world by announcing the Yeezy ($YZY) memecoin through his official X account. The token has also performed shockingly bad. After peaking at $3.0 billion in market cap, the token has plunged over 70% to $800 million in market cap in 24 hours. Crypto traders commented on how YZY bears many similarities to Hayden Davis’ Libra memecoin scandal. Multiple insider wallets seem to have sold minutes after the launch despite not purchasing any tokens. Trust these guys at your own risk!
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The picture on the left is a TRADER here who is making losses more than 10x his margin because he didn’t use stop loss, his leverage is too high and he used CROSS instead of isolated. 📍He is in great LOSS. I said in my previous post that he can reduce the loss from $400 to about $50 to $100 and breakeven if the market moves slightly in his favour. To do that, he must AVERAGE.‼️ The picture on the right is the DCA (AVERAGING) On the right, you will see that, i have placed multiple orders above the market price. The trade was actually in loss, and the market was moving against me UPWARDS. This trade is a short so i needed the market downwards. Since i placed multiple trades above the market price, anytime the price moves up instead of down, it activates the new order. THIS STRATEGY moves the ORIGINAL entry price UP closer the market price and also extends my LIQUIDATION PRICE. This reduces my losses and gives me time to recover. Always do this when in losses. Do WAIT TO BE COMPLETED LIQUIDATED. Please share if this was helpful.
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If your trade turns bad like this…there is only ONE WAY to exit the market with minimum losses. 📍This guy right here has his trade gone wrong. It happens but he seem to have watched it get worse. 📍The PNL losses is 10x more than his margin used. That’s the worst form of trading. Can he reduce this losses? Yes. FEW POINTS TO NOTE: Poor risk management! Never use cross! Never leverage more than 30x! SOLUTION😊 The only way to get out of this is averaging. Use averaging to reduce the losses to about $50 and close the trade. $50 loss is better than $431 Dont not add more margin without averaging it.
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I give up on this FUTURE trading thing🥹 Losses upon losses! I need a break!
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