keep calm
newbie
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$BOME remember back in December when I joined the AnDy Telegram group in the evening, they were heavily promoting this coin, I divided it by 10, but now I see they are still optimistic, I wonder if it's because of the accounts they created?
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Share your opinions, friends
Hay
A year has passed, and the small amount of money I earned from the Binance Futures market is insignificant compared to investors with large capital. Here, I would like to share a few small experiences for those of you who have just entered the market:
- Consider coins/tokens that have long-term viability in the market.
- Pay attention to coins that fluctuate unexpectedly and suddenly; remember to check their history.
- Trap in a safe position; the risk of account liquidation is minimal (liquidation price is 10-20 times the entry price).
- Take profits in waves; 20% profit is sufficient, do not be greedy.
- Control your greed and practice reverse thinking (this helps avoid being led by market makers' FOMO psychology).
Thank you all, and good luck!
- Consider coins/tokens that have long-term viability in the market.
- Pay attention to coins that fluctuate unexpectedly and suddenly; remember to check their history.
- Trap in a safe position; the risk of account liquidation is minimal (liquidation price is 10-20 times the entry price).
- Take profits in waves; 20% profit is sufficient, do not be greedy.
- Control your greed and practice reverse thinking (this helps avoid being led by market makers' FOMO psychology).
Thank you all, and good luck!
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Has illness
17 ways to lose money in crypto? 🧐
How many "diseases" are you affected by below ↓
1. Overtrading
2. Making profits and starting to take more risks (taking profits to play with shitcoins)
3. Not adapting & adjusting trading style according to market changes
4. Not calculating reasonable position size when entering trades
5. Lacking a profit-taking system
6. Only investing in altcoins while ignoring $BTC, recklessly all-in on altcoins without keeping stablecoin as a backup
7. Opening too many positions at the same time
8. Buying at resistance levels and selling at support levels
9. Borrowing confidence from others, lacking personal assessment & understanding of the coin being purchased
10. Setting unrealistic profit targets, having overly high expectations
11. Doing the same thing and expecting different results
12. Getting emotional due to losses and hastily entering trades to recover
13. Comparing personal profits with others
14. Being influenced by psychological factors based on price action, easily swayed leading to wrong decisions
15. Entering trades without an advantage, poor entry, low RR
16. Overly trusting technical analysis & ignoring fundamental factors
17. FOMO buying at high prices & panic selling when the market dumps hard.
cre: @DeFiMinty
How many "diseases" are you affected by below ↓
1. Overtrading
2. Making profits and starting to take more risks (taking profits to play with shitcoins)
3. Not adapting & adjusting trading style according to market changes
4. Not calculating reasonable position size when entering trades
5. Lacking a profit-taking system
6. Only investing in altcoins while ignoring $BTC, recklessly all-in on altcoins without keeping stablecoin as a backup
7. Opening too many positions at the same time
8. Buying at resistance levels and selling at support levels
9. Borrowing confidence from others, lacking personal assessment & understanding of the coin being purchased
10. Setting unrealistic profit targets, having overly high expectations
11. Doing the same thing and expecting different results
12. Getting emotional due to losses and hastily entering trades to recover
13. Comparing personal profits with others
14. Being influenced by psychological factors based on price action, easily swayed leading to wrong decisions
15. Entering trades without an advantage, poor entry, low RR
16. Overly trusting technical analysis & ignoring fundamental factors
17. FOMO buying at high prices & panic selling when the market dumps hard.
cre: @DeFiMinty
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Learning
Been watching The Square posts & comments
some words of advice:
1. Place spot orders on key levels to buy on lows. no matter even if they take over 4 weeks to fill
2. After the spot order buy is successful . DO NOT do degenerate futures gambling.
Rather put your holding onto flexible/locked earnings.
3. Always take profits on the way up. Spot order sell.
4. Take no more than 15% of your portfolio into your futures wallet and have your casino/futures fun. As soon as you're successful, transfer profit PER trade into spot wallet . This prevents a washout and limits Greed. I still wont recommend futures trading.
5. If you have a good sizable chunk and are unsatisfied by earn APRs try "restaking".
6. Coin selection is done on Fundamentals and reading boring whitepapers, researching actual value and looking into founders and their careers, the rounds of funds they have raised. BORING yes but kills the fomo which is good.
7. Learn to educate yourself. The phrase "Give a man a fish, feed him for a day; Teach a man how to fish feed him for a lifetime."
8. Do not join signals group. Do not give your investment to others or to a shared account. REAL teachers don't require your funds but instead require your patience, time and understanding.
9. Everyone wants to be rich in the quickest and most profitable way. ITS NOT YOU, YOU DONT WANT THIS. Valuable learning triumphs over trading any day.
10. Lastly, understand that your liquidity and liquidations/losses FUEL the fire that is the CRYPTO Trading market. Dont dwell too much onto your missed opportunities or your losses. Tomorrow is another day.
tl;dr Average Time span of holding Futures options and trades is under 15 MINUTES. This should open your eyes to the REALITY and if you choose to gamble at least measure your input and calculate your possible losses and exits.
As the future comes average attention span is dribbing down.
WAKE UP!
This is what i have learned in 4.5 years and none of this is composed via GPT/AI
#MarketPullback
#learn2earn
#HODL
some words of advice:
1. Place spot orders on key levels to buy on lows. no matter even if they take over 4 weeks to fill
2. After the spot order buy is successful . DO NOT do degenerate futures gambling.
Rather put your holding onto flexible/locked earnings.
3. Always take profits on the way up. Spot order sell.
4. Take no more than 15% of your portfolio into your futures wallet and have your casino/futures fun. As soon as you're successful, transfer profit PER trade into spot wallet . This prevents a washout and limits Greed. I still wont recommend futures trading.
5. If you have a good sizable chunk and are unsatisfied by earn APRs try "restaking".
6. Coin selection is done on Fundamentals and reading boring whitepapers, researching actual value and looking into founders and their careers, the rounds of funds they have raised. BORING yes but kills the fomo which is good.
7. Learn to educate yourself. The phrase "Give a man a fish, feed him for a day; Teach a man how to fish feed him for a lifetime."
8. Do not join signals group. Do not give your investment to others or to a shared account. REAL teachers don't require your funds but instead require your patience, time and understanding.
9. Everyone wants to be rich in the quickest and most profitable way. ITS NOT YOU, YOU DONT WANT THIS. Valuable learning triumphs over trading any day.
10. Lastly, understand that your liquidity and liquidations/losses FUEL the fire that is the CRYPTO Trading market. Dont dwell too much onto your missed opportunities or your losses. Tomorrow is another day.
tl;dr Average Time span of holding Futures options and trades is under 15 MINUTES. This should open your eyes to the REALITY and if you choose to gamble at least measure your input and calculate your possible losses and exits.
As the future comes average attention span is dribbing down.
WAKE UP!
This is what i have learned in 4.5 years and none of this is composed via GPT/AI
#MarketPullback
#learn2earn
#HODL
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In the same situation, I'm flying 14ku
Holding on for nearly half a month waiting for the final response but still can't take it. Losing 5k U. Since I learned about the crypto market, I've had little profit but a lot of losses, lost sleep and food for many days, glued to the screen, watching, searching, gazing at the candles moving, in the middle of the night while sleeping, startled, grabbing my phone to see how the market is doing.
Now I realize that this market is not easy at all, making a little profit makes me jump up, excited. Losing feels overwhelming.
Maybe I need to take a break for a while to regain my spirit, go outside to breathe some fresh air, meet up with friends, and relax my mind. Wishing friends a long journey to get through this phase.
Now I realize that this market is not easy at all, making a little profit makes me jump up, excited. Losing feels overwhelming.
Maybe I need to take a break for a while to regain my spirit, go outside to breathe some fresh air, meet up with friends, and relax my mind. Wishing friends a long journey to get through this phase.
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It's all burned out
Ok
Just go to sleep, you'll have results in the morning
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Is there any liquidation or return, guys? Answer me this question so I can sleep well.
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