In my opinion, why do you buy Binance's new coins before they are listed? Just buy your gift from Launchpool, wait for 1 or 2 days, observe it and then decide whether it is worth buying or not...
Don't think about buying at the lowest price. This is where your greed comes into play again. You aim for high profits but you close with a loss...
One thing I understand in this coin market is that people act with perception, not knowledge, so it doesn't matter whether the projects are good or bad, the only important thing is a phenomenon advertising youtuber etc. that will guide you...
So people have stopped using their minds.... markets act entirely based on perception "whale is in, shark is out, bear season, bull season" 🤣🤣
$BB This will fall to the bottom levels after 1 or 2 days. Binance gets back 3x what it gave from Launchpool within 1 week, so buy it while you can, wait for 1 week, then do whatever you do😁
If you are starting to lose one after another, take a break and pull yourself together, otherwise your emotions may lead you to irreversible damage....
In forward buying and selling, do not focus on saving the loss when it falls below the loss rate in your plan, otherwise you may lose the entire loss. Therefore, always be careful to use stop loss.... Remember, no matter where you come back from the loss, you make a profit...
$trb $uma, be careful if these oscillate within a certain range, they determine the direction according to long and short, these do not give me confidence, but it is enough to follow the direction to win 😉 provided that you are not greedy...
TO AVOID LOSSES OR TO MAKE PROFIT AS MUCH AS POSSIBLE.....
1- Definitely keep your leverage low in futures transactions. Even though it may seem like it gives you little profit, it will give you more time to get over the edge.
2- In forward transactions, definitely divide your balance into 3-4 parts, so that you have a higher chance of balancing your profit and loss ratio and your loss will be less, your profit will be higher because it is profitable to get rid of the loss...
3- As much as possible, invest in the coins you are interested in in your spot account and definitely research them thoroughly.
4- Unless you are in a difficult situation, never give your spot account below the price you bought it for. This may cause you to lose time, but it is better than losing money.
5- I think the most important thing is to stay away from greed. Almost all of the things I mentioned above depend on this feeling. Either you are ruined with high leverage because of greed, or you convert your spot account to futures because of greed, etc. etc...
These are the experiences I gained in a short time, if you want to add, you can correct me if I'm wrong. I wish everyone a prosperous day.....