experiential learner
High-Frequency Trader
3 Years
explorer
13 Following
19 Followers
15 Liked
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#TradeStories
#TradeLessons
Being an experimental learner, I have the habit of trying different things and go into depth.
My curiosity led me to try almost all the features of binance. From spot trading to future trading, from spot and future trading bots to copy trading, from binance loans to binance earn, I have tried almost every feature in binance app.
In a nutshell, I learned following lessons.
1. In spot trading, selection of coin is extremely important and without proper research about the coin and it's near and long term future plans coin should never be bought. You can't blame anyone for referring a coin which went 50% down within few days. One of the critical point to consider is percentage of locked tokens and future plan for token unlock. If a long number of tokens are getting unlocked on regular interval but no further investment is coming then price will keep going down.
2. In future and copy trading, always set a target for profit and loss. Setting the stop loss is extremely important because no one can predict when the price may go down and keep going down. You can adjust the profit and stop loss as the trade moves but setting a number is a must.
Hope it will help you at some point in time.
#TradeStories
#TradeLessons
#TradeLessons
Being an experimental learner, I have the habit of trying different things and go into depth.
My curiosity led me to try almost all the features of binance. From spot trading to future trading, from spot and future trading bots to copy trading, from binance loans to binance earn, I have tried almost every feature in binance app.
In a nutshell, I learned following lessons.
1. In spot trading, selection of coin is extremely important and without proper research about the coin and it's near and long term future plans coin should never be bought. You can't blame anyone for referring a coin which went 50% down within few days. One of the critical point to consider is percentage of locked tokens and future plan for token unlock. If a long number of tokens are getting unlocked on regular interval but no further investment is coming then price will keep going down.
2. In future and copy trading, always set a target for profit and loss. Setting the stop loss is extremely important because no one can predict when the price may go down and keep going down. You can adjust the profit and stop loss as the trade moves but setting a number is a must.
Hope it will help you at some point in time.
#TradeStories
#TradeLessons
Risk Management Strategies, one of the best article on this topic.
Risk Management Strategies and Tools for Short Selling in Margin Trading
https://safu.im/px1SP091
#learn2earn
#Write2Earn
Risk Management Strategies and Tools for Short Selling in Margin Trading
https://safu.im/px1SP091
#learn2earn
#Write2Earn
#ArizonaBTCReserve
Arizona comes up with a groundbreaking decision to invest part of the pension fund in BTC. This is the start of a huge amount of investment which may be diverted to BTC potentially increasing its price in the long run.
The decision also shows strong confidence in the future of BTC and crypto world.
What's your take on it.
#ArizonaBTCReserve
Arizona comes up with a groundbreaking decision to invest part of the pension fund in BTC. This is the start of a huge amount of investment which may be diverted to BTC potentially increasing its price in the long run.
The decision also shows strong confidence in the future of BTC and crypto world.
What's your take on it.
#ArizonaBTCReserve
free hmster
https://app.binance.com/uni-qr/GBzFTH56?utm_medium=web_share_copy
https://app.binance.com/uni-qr/GBzFTH56?utm_medium=web_share_copy
who determines the price of a coin
#MarketPullback
The price of a cryptocurrency like **XRP** or **Ethereum** is determined by the **balance of buyers and sellers** on exchanges, much like how prices are set for stocks, gold, or even concert tickets. Here's a simplified breakdown of how it works:
---
### **1. Basic Principle: Supply and Demand**
- **If more people want to buy (demand) than sell (supply)** → Price goes **UP**.
- **If more people want to sell (supply) than buy (demand)** → Price goes **DOWN**.
This happens in r
The price of a cryptocurrency like **XRP** or **Ethereum** is determined by the **balance of buyers and sellers** on exchanges, much like how prices are set for stocks, gold, or even concert tickets. Here's a simplified breakdown of how it works:
---
### **1. Basic Principle: Supply and Demand**
- **If more people want to buy (demand) than sell (supply)** → Price goes **UP**.
- **If more people want to sell (supply) than buy (demand)** → Price goes **DOWN**.
This happens in r
dear all, here is your chance to claim your red packet
click and enjoy
click and enjoy
#BotOrNot
trading bots are supposed to automatically trade for you even if you are sleeping. there are scenarios where bots are really effective and there are scenarios where you lose a lot of money.
1. spot trading bot: spot trading bot is useful when price fluctuates above and below a specific value. the bot, if configured properly, can make profit even if the price remains in the same range for days or even weeks or months. but the price keeps lowering then spot bot cant make profit.
2. future trading bot: future trading bot is useful when you know that price will go up or down. the bot trades multiple times to make profit for you. but if the bot is not configured properly, you account can get liquidated.
so in summary, bot are useful in certain situations but you can't rely on them without knowing market dynamics.
trading bots are supposed to automatically trade for you even if you are sleeping. there are scenarios where bots are really effective and there are scenarios where you lose a lot of money.
1. spot trading bot: spot trading bot is useful when price fluctuates above and below a specific value. the bot, if configured properly, can make profit even if the price remains in the same range for days or even weeks or months. but the price keeps lowering then spot bot cant make profit.
2. future trading bot: future trading bot is useful when you know that price will go up or down. the bot trades multiple times to make profit for you. but if the bot is not configured properly, you account can get liquidated.
so in summary, bot are useful in certain situations but you can't rely on them without knowing market dynamics.
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