Let us be our own teachers. Only by self-assessment can we have our own lessons. If you make a mistake, correct it. Still one piece of advice, the leverage is up to you but do not be too greedy, the lower the margin ratio, the less likely you are to drown & survive the storm to safely return to shore with seafood to celebrate.
In the strong rising wave of the market, there will be points to drop, to Short, and to take profit gradually. Although I know that many people have their own opinions, for me, taking profit is never wrong. What's important is that the T/P point is not too far away and after closing, it turns back, so it feels nice ahihi. Always prioritize Top coins, safe for myself.
We're almost there, Sol!!!! When you feel relaxed, have small goals, short take-profit points, low margin requirements, and no pressure to burn out, it will be the best time for you to enter a trade. It's funny, every time I brag, I get accused of luring in gullible people. With no contact information, no phone number, and not guiding anyone through any other social media platform, how can I lure them in?
I share my personal experiences for those who need to learn from them; that experience may suit me but may not align with someone else's goals.
Since when did showing profits become an accusation of baiting the gullible? Since when did burning out or having heavy losses lead to being judged as foolish or being questioned about why to go long at this moment or why to short at that moment...?
Stay positive, everyone! Trading is just about making easy money.
I’m going to sleep early so I can take my child to the exam tomorrow. I am female. In the morning, I sit and enjoy coffee, then place orders, and if the orders succeed, I look around and place new orders... I usually enter a few orders a day. I calmly do other work because my fundamentals are strong, so I’m not worried about being liquidated.
If you’re just starting to trade, take a look at the market and focus on small orders. My money, I trade myself, don’t copy trade. Wish everyone happy trading!
I am just an individual playing on my own, not chasing anyone or bragging. I also do not join any Zalo groups. I play independently and experience things. My principle is to take small profits & if I feel okay, I enter a new trade, as long as I can secure a profit. I don't have the guts to hold on to losses. My first trade, I set to earn 20 dollars, then I adjusted it to 35 dollars and went to clean the house; after cleaning, I saw the trade was lost, checked it and unexpectedly the price surged, allowing me to secure a profit of 68$.
Here are my results for March. Still moderate leverage, heavy margin. I see some folks using leverage of 50, 75, or even 100... but with thin margin, even a small fluctuation can lead to a loss.
Entered a short position, a few minutes later an email notified me that the order was matched unexpectedly fast, not sure why it was so quick. Looking at the candles brings a lot of emotions. Are the Long brothers doing okay?
After so many times of burning my account due to a bit of subjectivity and thinking that I am strong enough to never get burned, now with little capital, if I ignore the crypto market, it would really be a disservice to myself. To keep myself in sync with the trend, I will not hold positions for long waiting to break even or DCA like before. If I enter a trade that is preset to profit, I will take it; if I lose, I will accept it. I will spend time working on other things. Now I prioritize margin issues, only placing one correct trade, not holding multiple positions anymore. The profit margin is set reasonably in line with the amount being traded. This whole year I have focused on trading continuously and couldn't break free. After so many times, I have now realized and trained myself to let go when necessary because there are many other things to do. In this economic downturn, making a profit every day, even if it's small, and not burning my account is a stroke of luck. I hope to control myself and maintain this perspective. I wish everyone entering the “FUTURE” trading market profits, whether small or large. Control your emotions and take profits when possible. Don't leverage too much when margin money is tight and try to recover what was lost. Forget it and trade again from the beginning.
Start the conquest with 1 small order and small profit. Promise yourself to withdraw the profits, use small leverage and not to force losses. Set the order and then do other work. The goal is just for breakfast and a cup of coffee. Hihihi.