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Abbas692
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#StopLossStrategies
Despite going through videos and discussions, still I am confused how to use stop-loss strategy.
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Abbas692
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#TradingMistakes101 Key Takeaways from My Recent Futures Trading Experience Avoid Highly Volatile Tokens Trading in extremely volatile cryptocurrencies increases your risk of liquidation. Stick with more stable, well-established coins. Use Low Leverage Always opt for the lowest leverage possible. High leverage amplifies losses and can wipe out your capital quickly. Don’t Panic Be patient. Avoid closing your trade in panic. Only exit when you’re certain the market has moved beyond recovery. Inject Capital Instead of Closing If your trade is at risk but you believe the market will recover, and if you have extra funds available, consider injecting more money rather than closing the position prematurely. Stay Calm Under Pressure In one of my recent trades, I bought BTC at $106,000. The price dropped to $103,000, but I held my position. Within a week, BTC rose to over $107,500. Despite a small gain of $2.50, the experience taught me the value of patience and confidence in my strategy. Conclusion While the profit may seem small, consistency is key. If I follow this strategy for two months, I believe I could make around $500 to $600, which is a solid start for a beginner in futures.
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Key Takeaways from My Recent Futures Trading Experience Avoid Highly Volatile Tokens Trading in extremely volatile cryptocurrencies increases your risk of liquidation. Stick with more stable, well-established coins. Use Low Leverage Always opt for the lowest leverage possible. High leverage amplifies losses and can wipe out your capital quickly. Don’t Panic Be patient. Avoid closing your trade in panic. Only exit when you’re certain the market has moved beyond recovery. Inject Capital Instead of Closing If your trade is at risk but you believe the market will recover, and if you have extra funds available, consider injecting more money rather than closing the position prematurely. Stay Calm Under Pressure In one of my recent trades, I bought BTC at $106,000. The price dropped to $103,000, but I held my position. Within a week, BTC rose to over $107,500. Despite a small gain of $2.50, the experience taught me the value of patience and confidence in my strategy. Conclusion While the profit may seem small, consistency is key. If I follow this strategy for two months, I believe I could make around $500 to $600, which is a solid start for a beginner in futures.
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Lessons from My Short Journey in Crypto Trading Avoid experimenting with unfamiliar strategies if your goal is to stay safe and afloat. Steer clear of investing in new or untested projects—especially when trading futures. Always keep leverage to a minimum. Focus your investments on the top four cryptocurrencies. Never let emotions drive your decisions. Set small, realistic goals and work steadily toward them. Otherwise, you'll risk losing everything... #Binance #FutureTarding #leverage
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I can study the planets, but I can study the human mind. Mark Twain
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is there any reliable source to rely on??
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