This morning I saw the market turn red, it will continue to decline in preparation for the upcoming inauguration at the beginning of 2025. Those who participate in the market should have a long-term vision. Don't worry at all. $XRP
I would like to share with you a little secret I read on the internet.
6 TIPS FOR FUTURES TRADING not just for Newbies 1. Money in the wallet may not be your own money Remind yourself, withdraw as much as you earn 2. No trading plan Futures trading is a high-risk intellectual sport that requires high discipline. The more disciplined you are, the lower your risk will be. Some people have entered and exited many orders at the same time. They have canceled orders every time they were about to hit the take profit thinking the price would go up or down further. They have canceled stop-loss, moved stop-loss when they saw the price was about to hit stop-loss... These actions reflect that we have traded based on emotions and indulged in the habit of greed. Moreover, the lack of a trading plan leads to careless DCA, sometimes entering with a lot of money, other times with little money,... Losing the account is inevitable. Lesson: Always have a trading plan and adhere to it strictly. 3. No profit target Lesson: Set a daily profit target of 3%, weekly 21%, monthly 63%, yearly. 4. No trading journal Lesson: Meticulously record all transactions. After each win/lose, evaluate and learn why you won/lost. 5. Raising capital too early Lesson: You need a roadmap to raise capital. Don't pay attention if someone says you profit like an elephant but only trades like an ant. 6. Overly trusting technical analysts Lesson: It’s better to go slow but steady. Always prioritize safety and sustainability.
Today, having enough good fortune, I wish everyone a spring full of blessings, summer with peace, autumn to ward off misfortunes, and a winter full of happiness. I wish everyone eternal peace, a lifetime of safety, success, and happiness. .💰💰🚀$BTC #SOL #ETH
✅ They think long-term (5, 10, or even 20 years). ✅ They ignore the constant noise of social media. ✅ They invest in a few assets but have strong convictions. ✅ They have a steely resolve and unshakeable patience. ✅ They are not searching for the next x100 nugget. ✅ They take a passive approach to investing (buy and hold).
Who are the “bookies” and do they have a winning rate of over 80%????
Who are the “bookies” and do they have a win rate of over 80%? 🤔🤩🤩🤩 When it comes to “Bookmakers”, many people will immediately think of individuals or organizations that have the ability to control and manipulate a coin or a group of coins in the cryptocurrency market. But have you ever wondered who they really are, and why they have such great influence? Let’s dive in to understand more! 🚀
My Ultimate 70 - 10 - 20 Capital Allocation Method for your reference.
❤️❤️ Capital allocation 70 - 10 - 20 ❤️❤️
With a capital of 20,000 USDT, I allocate it as follows: 🎄70% capital ($14K): Hold 2-3 top coins like BTC, BNB, ETH, SOL ... 🎄10% capital ($2K): Split into 2 parts: Future ($500): I don't particularly encourage this part. IDO deals, lottery, pools…($1.5K): I spread quite a bit on these deals, averaging $100 per deal. 🎄20% capital ($4K): The part to DCA as we just did during the market crash. We will DCA further at better entry points - this part is quite important.
5 mistakes of newbies when learning in the crypto market
🌞 1. Not focusing on studying a specific method This mistake is very common when learners are easily distracted by too many different methods and sources of information. You need to choose a specific learning method for yourself and stick to it. Changing methods too often means you don't have enough time to master one piece of knowledge, leading to a loss of direction and no specific results. Your goals need to be clear, and building a detailed learning roadmap is essential.
MISCONCEPTIONS COMMONLY ENCOUNTERED WHEN PARTICIPATING IN THE CRYPTO MARKET
🚀🚀💰💰 Surely everyone of us participating in this crypto market hopes to make a lot of money. Although this market offers higher returns than other financial markets like Forex and Stocks, it also comes with a higher level of risk. In any market, lacking knowledge and a proper mindset will keep you in a perpetual cycle of losses. Knowledge and experience come from mistakes, and from that, we can learn lessons to survive in the market. Below are common misconceptions that often arise and are frequently encountered when participating in the market.
The market always moves in cycles of ups and downs, and nothing lasts forever. Each growth phase must face corrections and downturns, as the natural law of change. A cycle cannot last indefinitely, and that change is something we all need to accept. When entering the market, we always dream of being able to earn a lot of profit, but the important thing is not always to seek growth opportunities, but to know when to stop, when to realize that we have enough. In bull markets, when asset values continuously soar, the feeling of victory and excitement can lead us astray, making us forget safety rules. But once the wave has peaked, a sudden downturn can come quickly, and if we do not know when to stop, we will pay a high price.
Crypto always increases in price, good coins always increase in price. That is the saying of those who do not understand anything about the financial market in general and the Crypto market in particular. If coins continuously increase in price, who is paying you for the price increase of those coins? The essence of the market is pump and dump, which not everyone can see. The essence of the market is to pump, then dump; after dumping, pump again. Over time, the crowd will be the ones who suffer losses, providing liquidity to the market. Remember, in the financial market, making money is reserved for the few, even very few, while the crowd is just the chickens and piglets in this financial game. 😂😂
My Ultimate 70 - 10 - 20 Capital Allocation Method for You to Reference.
❤️❤️ Capital allocation 70 - 10 - 20
With a capital of 20,000 USDT, I divide it as follows: 🎄70% of capital ($14K): Hold 2-3 top coins like BTC, BNB, ETH, SOL ... 🎄10% of capital ($2K): Split further into 2 parts: Futures ($500): I do not particularly encourage this part. IDO deals, lottery, pool…($1.5K): I spread these out quite a bit, averaging $100/deal. 🎄20% of capital ($4K): The portion to DCA as I did during the recent market crash. We will DCA further at better entry points - this part is quite important.
Capital Management and Psychological Control When Participating in Trading on Binance
🚨🚨 Hello, passionate and enthusiastic cryptocurrency traders! If you are reading this article, I am sure you have ventured into the potential yet challenging world of the cryptocurrency market. In this journey, you may have experienced emotional ups and downs, dazzling victories, and also faced failures. But don’t worry, because today I want to share with you some secrets about capital management and psychological control – two extremely important factors that help you stay strong in this market.
Losing $12,000 in a trade—This is the sad story of capital management and futures
Why you should never make these mistakes 😇😭 Lost $12,000 in FUTURE trading: Hard lessons changed everything Greed is a trap I thought I could control it, but greed clouded my judgment. It led to impulsive decisions and significant losses. The real lesson: discipline and clear goals are EVERYTHING.
What is clear will be easier to execute; setting clear take-profit and stop-loss for a trade will make your trading less risky and we can control it.