Dear Clutch Readers, I know some of you are not having the best time right now. But the lows are part of trading. You should be able to train your heart to accept both wins and losses when it comes.
If you are a spot trader, do not panic. It never really a loss till you sell in loss. If you're a futures trader, I hope you had your tight stop loss . Trading is a constant practice and intentional decision with your finances. You could watch your finances wipe right before your eyes, and you can also watch it grow. I am writing you all just to hang in there. Better days are ahead. The market correction was anticipated, though the actual day it's going to happen could not be foretold. Brace yourselves and buy the dip. Making money isn't for the faint-hearted
I've been asked severely what's the best way to trade and here's my response to that.
Most times even technical analysis and careful plus perfect entry position still flops. What I've found tangible enough over the years is to trade the trend. If everything is going red, I carefully pick a coin and trade short. if everything is going green, I trade long. this is not futures trading. however, spot trading is way different.when it's going red, it's the time to buy in a spot,and when it's going, Green is the time to sell. Don't confuse these two setups . when trading futures, never go against the trend. you'll stay profitable.
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I hear a lot of people ask Is this the end of $TRUMP ? Because some meme coins like $BOME and $PEPE are picking up a little bit yet TRUMP still rides on $25
Here's my thought! Like all meme coins, it will pick up one day and you'll be in profit. All memecoins are very volatile as they mostly ride on the activities surrounding it's community. With the president of the united states being directly involved with the TRUMP coin , it's safe to say , it's day will come. Until then, hold patiently keep buying the dip to minimize losses and maximize profit.
TRUMP will hit $100+ after this bear wave is gone.
P/s: this is not a financial advice. DYOR Follow me for more tips
Here's my thoughts on $TRUMP . Every newly listed coin should be avoided by new traders. if you do not have the capacity and the trading discipline to wither the rise and fall of a newly listed token, please avoid it. I see so many people complaining that the $TRUMP coin is a scam, but truth be told, the coin is only reacting to the normal supply and demand of all markets. When you Fomo into a coin, be rest assured to bear the consequences That being said, anyone who is feeling trapped now, just be patient and $TRUMP will pick up again naturally based on demand. Stop allowing these influencers and institutions to take your dollars because they are propagating a rise when in the real sense it's a deep.
Always do your own research. stay safe and trade always with a plan.
Spot trading is the safest form of trading for beginners . start with a mindset of investing what you can afford to lose and take your time to know about a project before you buy into it.
when the market becomes bearish like it is currently , top up and buy more and wait it out
Trading isn't a get rich quick scheme like it's regularly projected , it takes patience , discipline , experience and targets to get to that point .
So build your spot portfolio, remember that what ever goes up must come down and what ever goes down must bounce back up, therefore, buy the dips , be patient and don't panic sell and you'll see your account become what you've never dreamed of.
let me know if this helped in the comment section and remember to follow and share too thanks
Most people wake up, without any proper knowledge and jump into the trading world without any prior knowledge or under study
why do you think that doctors study for years before operating on anyone
If you have the conviction that trading is what will make you, then it's basic that you get proper information , get updated and learn how to analyze and trade .
Jumping into the market because you can click on buy or sell is opening the gate way to your doom