#ShareYourTrades $BNB Sold my bnb using the trailing stop f | JayHB on Binance Square

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#ShareYourTrades $BNB Sold my bnb using the trailing stop function. Very effective to get a higher price than a normal limit order price. 

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#DiversifyYourAssets Are you a bullish crypto investor whose entire portfolio consists of just one or a few coins? If so, you might seriously consider adding a little diversification into your crypto mix. If you’re not entirely familiar with the concept of diversification, it’s the old wisdom of “not putting all your eggs in one basket.” Diversification means spreading your risk around, so that if some crypto assets fall in value, others may either decline to a lesser degree, maintain their value, or possibly even rise in value. The point is to avoid putting all of your money (and risk) into just a few coins or tokens. This can help reduce volatility in your portfolio and, hopefully, avoid a major crash.

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#RiskRewardRatio What Is the Risk/Reward Ratio? The risk/reward ratio—also known as the risk/return ratio—marks the prospective reward an investor can earn for every dollar they risk on an investment. Many investors use risk/reward ratios to compare the expected returns of an investment with the amount of risk they must undertake to earn these returns. A lower risk/return ratio is often preferable as it signals less risk for an equivalent potential gain. Consider the following example: an investment with a risk-reward ratio of 1:7 suggests that an investor is willing to risk $1, for the prospect of earning $7. Alternatively, a risk/reward ratio of 1:3 signals that an investor should expect to invest $1, for the prospect of earning $3 on their investment. Traders often use this approach to plan which trades to take, and the ratio is calculated by dividing the amount a trader stands to lose if the price of an asset moves in an unexpected direction (the risk) by the amount of profit the trader expects to have made when the position is closed (the reward).

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#TradingPsychology Trading Psychology simply refers to the feelings and emotions of a trader experiences and the associated actions the trader takes as a result. Just like in any other aspect of life, understanding how our mind works can improve our ability to trade better, take more informed, rational decisions and calculated risk. For instance, you might have seen people take emotional investment decisions. So even when the price of a stock in their portfolio is declining, they might keep holding on to it because they regularly use the products and services of that company and trust the company enough to take the risk. In this case, admiration leads them to overlook the evidence. It is therefore crucial to understand how to identify such emotions and to control them to prevent losses. Traders with better control over emotions tend to make more rational choices and thus often end up with more profits.

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$BTC Crypto analyst Titan of Crypto has raised the possibility of the Bitcoin price rallying to as high as $137,000. The analyst highlighted a bullish pattern that shows the flagship crypto can reach this ambitious price target. Bitcoin Price Could Rally To $137,000 As Bullish Pennant Forms In an X post, Titan of Crypto suggested that the Bitcoin price could reach $137,000 at some point. This came as he revealed that BTC has formed a bullish pennant on the daily chart. The analyst remarked that if this plays out, a new all-time high (ATH) could be reached, regardless of the current market sentiment.

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#StopLossStrategies A Binance stop loss order allows you to specify the execution of an automatic cryptocurrency sell order to limit losses in the event of a market drop. Traders use the Binance stop loss to schedule the purchase or sale of a cryptocurrency when it reaches a specific price. This type of order also takes into account market fluctuations that bring the price of an asset below the specified price. When the condition defined by the trader is met, a sell order is automatically launched by the platform. However, the price applied for the transaction may be different from the one defined by the user. This is because the price of the asset is constantly changing. It is therefore important to understand this difference from a limit order. The latter executes the transaction only at a limit price or higher.

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