DADDYYEL
Open Trade
High-Frequency Trader
5.4 Months
1 Following
22 Followers
19 Liked
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**HOW TO MANAGE YOUR RISK IF YOU ARE A SPOT TRADER**
1- Do your own research before investing in any coin. Don't buy just because u watched a video or someone told u to buy.
2-If u are a beginner always try to invest in high market cap coins. Avoid trading meme coins
3-always manage ur portfolio. Never invest 100% in a single token/coin. Buy multiple tokens with only 5-10% of ur wallet each.
4-always hold at least 30% of usdt/usdc so u can dca if the market conditions go worst.
Don't dca if the coin is down 5-10%. Wait the coin to go atleast 30% down before adding anymore amount and try to sell some portion when it reaches back to entry.
5- try to use sl and take profits. Not always but it's really important to use sl.
6-and if u are a beginner don't invest in hopes of profit just invest in the sake of learning and only invest that amount which u can afford to lose. Cuz 80-90% of beginners lose their money.
**What mistakes do people make while trading?**
People always look to 2x,3x their money in a short span of time. Mostly people with small wallets . It's not easy to double ur money. Always try to avoid losses. Don't hope to double ur money too soon. Even 10-20% profits are very decent and if u don't wanna take small profits, then always try to secure ur capital by setting the sl to Ur entry price when the coin is up by some percentage so u won't lose ur capital this way. $TRUMP
1- Do your own research before investing in any coin. Don't buy just because u watched a video or someone told u to buy.
2-If u are a beginner always try to invest in high market cap coins. Avoid trading meme coins
3-always manage ur portfolio. Never invest 100% in a single token/coin. Buy multiple tokens with only 5-10% of ur wallet each.
4-always hold at least 30% of usdt/usdc so u can dca if the market conditions go worst.
Don't dca if the coin is down 5-10%. Wait the coin to go atleast 30% down before adding anymore amount and try to sell some portion when it reaches back to entry.
5- try to use sl and take profits. Not always but it's really important to use sl.
6-and if u are a beginner don't invest in hopes of profit just invest in the sake of learning and only invest that amount which u can afford to lose. Cuz 80-90% of beginners lose their money.
**What mistakes do people make while trading?**
People always look to 2x,3x their money in a short span of time. Mostly people with small wallets . It's not easy to double ur money. Always try to avoid losses. Don't hope to double ur money too soon. Even 10-20% profits are very decent and if u don't wanna take small profits, then always try to secure ur capital by setting the sl to Ur entry price when the coin is up by some percentage so u won't lose ur capital this way. $TRUMP
I hope some of you are still holding your 74K-77K positions because mine is still alive.
Anyway, before the series of ATH that happened and will happen I have given you several updates. I hope some of you considered my wave-by-wave analysis.
$BTC
Anyway, before the series of ATH that happened and will happen I have given you several updates. I hope some of you considered my wave-by-wave analysis.
$BTC
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