linda9999
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$BTC Mong Ae can fix themselves before placing orders because just being off by 1 unit can lead to losing the entire account.
1. Only short coins at positions close to the daily or weekly highs, and remember to set a stop-loss just above the highest point because if it breaks, it will likely continue to rise, ensuring that the risk of burning out the account is minimized, while the potential for profit is high.
2. If the price suddenly spikes while you are in a trade, leading to funding fees from positive to -1% to -3%, that is a sign it will not drop in the short term and will usually pull back throughout the day, only dropping when the fees decrease to avoid a panic sell-off for profit-taking.
3. New traders should remember that once you choose to go long or short, it is very difficult to change direction; thus, the exchange will just take all the money back whenever there is a correction. This is the reason why regardless of the direction taken, losses are inevitable; only the right methods, trading small percentages of capital, and increasing knowledge with accumulated experience can lead to long-term survival, not to mention making profits.
4. Please don’t be too greedy; set a target before trading each day, and remember that if you want to be greedy while in profit, you should set a positive stop-loss so that you won't definitely incur losses if anything goes wrong.
5. New traders should remember that trading is a long-term endeavor, not something to rush into in just one or two days; just one mistake can create a habit that leads to consistent losses. It will only be frightening when you lose everything and realize it.
I hope you truly understand that trading is a serious investment and a way to make money, not just a gamble for fun that can lead to total loss without realization. I have traded long enough to share this, hoping you find it useful and wish you good luck.
1. Only short coins at positions close to the daily or weekly highs, and remember to set a stop-loss just above the highest point because if it breaks, it will likely continue to rise, ensuring that the risk of burning out the account is minimized, while the potential for profit is high.
2. If the price suddenly spikes while you are in a trade, leading to funding fees from positive to -1% to -3%, that is a sign it will not drop in the short term and will usually pull back throughout the day, only dropping when the fees decrease to avoid a panic sell-off for profit-taking.
3. New traders should remember that once you choose to go long or short, it is very difficult to change direction; thus, the exchange will just take all the money back whenever there is a correction. This is the reason why regardless of the direction taken, losses are inevitable; only the right methods, trading small percentages of capital, and increasing knowledge with accumulated experience can lead to long-term survival, not to mention making profits.
4. Please don’t be too greedy; set a target before trading each day, and remember that if you want to be greedy while in profit, you should set a positive stop-loss so that you won't definitely incur losses if anything goes wrong.
5. New traders should remember that trading is a long-term endeavor, not something to rush into in just one or two days; just one mistake can create a habit that leads to consistent losses. It will only be frightening when you lose everything and realize it.
I hope you truly understand that trading is a serious investment and a way to make money, not just a gamble for fun that can lead to total loss without realization. I have traded long enough to share this, hoping you find it useful and wish you good luck.
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