Old investor: I have seen many novices lose all their capital due to margin calls.
I will introduce a platform that does not require depositing money. Simulated trading can practice trading skills, and trading competitions are held twice a week with a bonus of 1,000U (top 3 profits).
If your position is liquidated, you can come here to practice your skills. You can also receive funds by improving your skills.
Old leeks: open an order when the needle is seen (10U gambling god order ~ short-term)
You must bring a stop loss when opening an order based on the pin: The pin is out on the 1-point line (10U Gambling God Order), do not use large funds to play.
Long orders have been closed, 1-point short orders have been opened, and the stop loss is at the 15-point pressure level.
15-point line synchronization comparison chart.
PS: It took 2 hours for the short order to reach the stop loss level. The short order has been opened urgently. You should wait for the 5-minute line to needle upward.
After installing the APP, it comes with a wallet that supports multi-chain, and I tried it out. When I saw a coin on Binance, I paid attention to it. Set (5~20~50~1 million) USD. Some currency transactions are too active and too low, so the phone keeps ringing.
Wallet: Set a password and backup a 12-letter mnemonic phrase. If you forget it, you can't get it back.
Old Leek: The cryptocurrency world is all about taking over the game, don’t have any faith.
It doesn't matter whether it's bull or bear in the currency circle, as long as you can make money during the ups and downs, don't have any faith. Coin holders all hope to multiply the coins in their hands a hundred times, a thousand times, or ten thousand times, and throw them to the receiver. Don't believe analysts in the currency circle who talk about currencies, talk about currencies, etc. 85% are lies. 95% of them are junk coins. They are hot spots for a while, and then they are all useless. Who pulled up BTC at $68,000? It dropped to a low of about 18,000, and now it has risen to 41,000. Belief can make you rich, but belief can also make you miss the opportunity to make money. There used to be a couple in the group who held 2 million EOS.
I saw a user in the square who paid 50,000U for admission. Currently, there is still 10,000U left, and 10,000U has been used for the handling fee. Fund allocation: 80% spot, 20% contract. It is best not to touch the contract, the risk is too high. There are many new people, please guide me. All I can say is that the only person you can rely on in the currency circle is yourself. The biggest enemy in trading is yourself. You can only calm down and learn from the failures of others. The psychological need is to overcome holding positions, closing positions, stopping losses, adding positions ~ (replenishing margin ~ leverage orders) ~ liquidation ~ despair. If you stop the loss and still lose one order, please calm down and don’t think about making money with the next order in the opposite direction.
Old Leek: High-magnification 10U God of Gambling (dog gambling) ~ only suitable for BTC, (explosion~explosion~explosion) do not use (full position mode) use with caution!
If you find a suitable order opening opportunity and don’t want to take too much risk, reduce your losses. Take the 5-point line and have a W-shaped double-bottom opening, which has a higher chance of success. When playing with high power, use the 1-point line. Don’t place orders blindly without thinking! ! ! ! Please wait patiently for the opportunity and stay calm.
This method can only be used on BTC, never use large funds. The losses were very serious. If you are small and broad, you can invest up to 5~10U each time, which is extremely risky.
A stop loss must be set (the stop loss price is 50 to 100 points higher than the sudden price) (please set the stop loss price on the mobile APP). It is not economical to liquidate the sudden position.
Old Leek: Beginners please be careful when placing orders, do not exceed 5 times!
Before placing an order, you must find the support level. If you open the wrong order, stop the loss if the level is broken. Open orders to minimize losses and maximize profits. When losses occur, be sure to stay calm and wait for the right opportunity again. Do not blindly place orders or expand losses. No one can stop human greed.
Use the mobile phone to place an order (it feels easier to use than the computer, and the network speed can be faster): as shown below Don't use the full position mode. If the market is extreme, the loss will be too high if you open the wrong order.
You can choose the opponent's price when opening an order (market fluctuations will turn into a taker order). The handling fee for placing an order is cheap, but the handling fee for opening an order at market price is expensive.
Old Leek: Extreme market conditions~If the injection failed and the order was placed, the position would be liquidated
Looking back at the extreme market situation this morning, some people are crazy about it and others are sad about it. When this happens, there should be a lot of high-volume liquidation of contracts. It’s uncomfortable even at low magnification (it hurts when you cut the flesh, and your mentality breaks down if you don’t) Advice from the past few days: When opening an order, you must read the market, and you must bring a stop loss. You must bring a stop loss, and you must protect your principal before you can continue playing. There are a few famous people in the currency circle who have made money. They are all 1~3 times. Contracts are similar to gambling. You always choose whether to go up or down. Every market trend is new. If an order is stopped, don't rush (open a backhand order, it is easy to be stopped repeatedly) and the loss will be more.
I failed to get the needle today. Opening a position means liquidating the position. Fortunately, I used the isolated position mode! How exciting! The weakness of human nature is that it is difficult to know and do things🈴
You must pay attention to stop loss when taking 2 needles, as the risk is very high. If BTC falls sharply, 80% of other currencies will fall. It is best to play the hot coin list on the Binance APP, where transactions are active and there are many trading opportunities.
Old Leek: Advice for newcomers in the currency circle
Years of experience in the currency circle: It is best for newcomers to the currency circle not to play with contracts. If you must play, please pay attention to the following situations. First: the contract should not exceed 5 times. In extreme cases (it will happen once or twice a year), even 1 times can cause you to lose your position. Don’t choose the full position mode for the contract. You must bring stop loss, stop loss, stop loss. Learn to find support levels to open orders. If the support levels are broken, you must stop losses. Only by keeping your principal can you continue to play in the contract market. When playing short-term, look at 1 hour, 15 minutes, 5 minutes, and 1 minute. When opening a long order, start with the currency with the largest trading volume on the rising list, and vice versa when opening a short order.