The term "Emotional Trader" is often used in the context of trading in financial markets, referring to a person who allows their emotions — such as fear, greed, anger, or hope — to influence their investment or trading decisions.
Characteristics of an Emotional Trader:
Quickly affected by market fluctuations:
When the price drops, they feel fear and sell quickly.
When the price rises, they feel greed and enter the market without planning.
Lacks a plan or strategy:
Relies on intuition or real-time news instead of technical or fundamental analysis.
Chases the market ("FOMO"):
Enters trades late out of fear of missing profits (Fear Of Missing Out).
Experiences regret after making a decision:
Whether they win or lose, they always feel they made the wrong decision.
Struggles to adhere to risk management:
May risk a large portion of their capital at once without using stop-loss orders.
How does the emotional trader avoid their mistakes?
Develop a clear trading plan and stick to it.
Manage capital and risks precisely.
Practice psychological discipline and self-monitoring.
Use automated trading or entry and exit alerts.
Review past trades to learn from mistakes and emotions.
Reason for Binance delisting four digital currencies $XRP
Binance announced in an official statement that it will remove the spot trading pairs for four digital currencies on May 2, 2025, which are:
Alpaca Finance (ALPACA)
PlayDapp (PDA)
Viberate (VIB)
Wing Finance (WING)
🎯 Main reasons for the delisting of these currencies:
Periodic asset review Binance conducts regular reviews of the performance of listed assets to monitor their compliance with quality, liquidity, and regulatory compliance standards. The specified performance criteria include:
Daily trading volume
Available liquidity
Community engagement activity
Commitment of the development team to the project
Degree of compliance with laws and regulations
Impacts of reducing low-quality or guaranteed assets By removing low-activity pairs, Binance maintains market quality and reduces potential risks for traders.
🛑 What happens after delisting?
All open orders will be automatically canceled at the start of the delisting on May 2, 2025.
All trading services associated with these currencies will gradually cease, such as:
Margin trading
Futures contracts
Loans
Earning profits
Payment services
Multiple investment products These tokens can be withdrawn until July 4, 2025, $XRP $DOGE #حذف_بعض_العملات
#هبوط catastrophic The catastrophe if not corrected I bought currency $XRP at 2.38 and it is now 1.97 I bought $DOGE at 0.26 and it is now 0.14 In any case, I will wait, and patience is a trader's virtue... It is suitable for whales to buy...
How to work on Binance Working on the Binance platform depends on exactly what you want to do (buy/sell cryptocurrencies, trading, investing, storing, etc.). Here is a simplified explanation of how to start and work on Binance step by step: ✅ 1. Create an account
Go to the website
Click on "Register"
Enter your email or phone number and a strong password.
Confirm the registration via email.
✅ 2. Identity verification (KYC)
After logging in, the platform will ask you to verify your identity:
Upload a picture of your passport or national ID.
A selfie or video as requested.
This is necessary for withdrawals, deposits, and increasing usage limits.
✅ 3. Deposit funds
You can deposit in two ways:
💰 Cryptocurrencies:
Select "Wallet" > "Fiat and Spot".
Click on "Deposit" and choose the currency (e.g., USDT).
Copy the address and send the currency from your other wallet.
✅ 4. Buy and sell currencies
From the menu, choose "Trade" > "Spot" (for simple trading).
Choose the currency pair
At the bottom, specify the amount to buy and click "Buy" or "Sell".
✅ 5. Trading
You can use tools like:
Margin trading: trading with leverage.
Futures: trading futures contracts.
Staking: earning rewards for freezing cryptocurrencies.
Launchpad: new token offerings.
✅ 6. Withdrawal
From "Wallet" > "Fiat and Spot".
Click on "Withdraw".
Choose the currency, enter the address and amount.
Check the data carefully (the network type is very important!).
There are many participants claiming that they earned from writing articles that do not actually exist. It is organized fraud to not believe them. They are lying ... The real earning is trading .. You cannot wait until it opens $XRP $DOGE
$XRP I bought $XRP when it was trading for a certain period at 2.38. And I sold it at 2.46. And when it decreased, it did not return to its price and continued to drop. Do you have any insights on this decline? And this is similar to the case of $DOGE I bought it at a price of 0.23 and sold it at 0.28. And I bought it again at 0.22 and it continued to drop.
In the trading world (whether stocks, currencies, cryptocurrencies, or others), patience is considered one of the keys to success in trading, and it manifests in several aspects: Waiting for the right opportunity: The patient trader does not enter the market just for amusement, but waits until the conditions of their strategy are met. Sticking to the plan: Sometimes the market is slow or moves against expectations temporarily. Patience means respecting the trading plan and not making random decisions. Letting the trade take its time: Some trades need time to achieve their goals. The impatient trader may close the trade early and miss out on potential profits. Patience in learning and development: Success in trading does not come quickly. Patience is required to learn the market, test strategies, and improve performance. Greed in trading Greed is one of the biggest enemies of the trader, and it manifests in: Not being satisfied with reasonable profits and seeking more: Instead of closing the trade after reaching the profit target, the greedy trader continues hoping for more, losing what they have achieved. Increasing the trade size without logical reason: Greed drives some to risk larger capital after the first successful trade, which can lead to significant losses. Entering many trades in a short time: Due to greed, the trader may enter consecutive trades without study, increasing the likelihood of loss. Chasing the market (FOMO) The fear of missing out drives the trader to greed.
What do you think? Which is better and more secure: trading in spot contracts, futures contracts, or trading with bots? Honestly, for me, I cannot bear the losses, so futures contracts are more profitable, but they also come with higher losses. As for bots, I haven't used them because I don't trust them due to recent market fluctuations. I prefer spot contracts; they are more secure. I buy when the price drops and sell when it rises... or even cancel the transaction...