The market as a whole is behaving the same way as always... exhibiting the volatility characteristic of the cryptocurrency market!

I want to tell you how I think about finance and the market. Namely, what I consider to be the root cause of the loss of the deposit. We will talk purely about spot trading, since futures for me are equal to rates, which is excluded for my long-term plans for life.

Constant trading of more than 3-5% of the deposit plus forecasting (fortune telling) of the future possible price - this trading method causes very strong emotional stress, which is the cause of emotions.

What I mean?! The trader believes that the price of the commodity will rise. He buys a product and waits for his forecast to come true in order to sell it and make a profit. If the forecast does not come true and the price begins to fall, the trader begins to fuss: he sells at a loss, then buys again, then sells again, and so on...at the same time, the exchange takes its commission (it is not the exchange’s fault that the trader does not have a strategy) . And even if at the end of the day, week or month the trader’s deposit is not drained, this does not mean that he is comfortable after such emotional swings. One way or another, the end is clear to us.

To be independent of emotions and have minimal risk of losing your deposit, you must:

1. Have a strategy before opening a position

2. Forecast not the price, but your profit

3. Trade no more than 1-3% of the deposit

4. Choose a trusted tool $BTC or $ETH

Thanks to the strategy, you can and should build your passive income in the ever-growing 24/7 market... the cryptocurrency market. If you only have $100 and can make $5 a month, you are better than Warren Buffett (just kidding). When you are confident that you have mastered the strategy, increasing your deposit will become an issue that you will solve quickly! And already 5% of $10,000 or $100,000 is already a different level!

In fact, the strategy is simple, and I described it in my previous articles by the way. All you need to do is buy $BTC at 3% of the deposit and place a limit order to sell the purchased product with a markup of 2-3%. Repeat when performing. If the price falls by 5% from the current one, despite the fact that the limit order is not executed, you need to repeat the purchase and place the limit order again. You can choose the following averaging levels yourself, you will have to use a calculator or tables, I use (1.5, 7 and 15%). Everything is automated for me using a personal bot. Don't forget to set notifications. Thus, by the end of the month you will only have profitable trades, there will be no others. And if the price falls for a long time, you will be in a position of only 10-20% of the deposit, which will give a drawdown of the entire deposit of 3-4%.

Strategy is when you know exactly what you will do and how you will do it. When the strategy appears, you will be able to accurately predict your profit. When the profit appears, you will not want to risk your money. And a good tool (product) will not give you the opportunity to worry that it will “go bad”

Remember, money makes money!

be FOMOless...