=> Emotions control = will lead to wrong decisions
==> Solutions to control emotions 1. Clear planning (entry/SL/TP) 2. Risk management (maximum 3-5% per trade) 3. Accept losses as part of the game 4. Keep a trading journal (including mindset) 5. Think like an investor, not a gambler.
==> The mindset of a Successful Investor
+ Cool-headed, unshaken by short-term volatility
+ Steadfast with strategy, absolutely no F.O.M.O
+ When strong volatility occurs, prioritize survival first -> profits will come later
====> Conclusion:
+ Controlling emotions is a skill that must be cultivated
+ Winning trades are not based on luck, but on discipline and a strong mindset
+ The nature of MONEY only transfers from one person's pocket to another's.
Therefore, let's be smart investors. (The Crypto God of Wealth) #thantaicrypto
Binance currently has 8 methods to launch a Token or list a Token on the exchange in one way or another.
1. Launchpool : Earn new tokens by staking BNB or stablecoins.
2. Airdrop for those holding BNB (Binance HODLer Airdrops) :
Receive free tokens if users have locked BNB in Simple Earn or On-Chain Yields products beforehand.
3. Megadrop :
A combination of staking and completing tasks (on-chain/off-chain) to receive tokens.
4. Vote to List :
Vote for the project you want to be listed next on Binance, but ultimately the final decision is still made by the exchange.
5. Spot listing with “Seed Tag” :
Spot listing for projects still in the early stages.
6. Pre-market Trading :
Buying and selling tokens before the official listing, similar to OTC.
7. Perpetual Contracts :
Leverage trading with new tokens through derivative products.
8. Binance Alpha :
Recently launched, integrated on both the exchange and wallet. The aim is to help investors predict and buy potential listed project tokens to optimize their investment experience.
=> Additionally, users can earn alpha points to participate in IDOs on Binance Wallet or receive airdrops. (Crypto God of Wealth) #thantaicrypto
+ Average hourly earnings month-over-month: 0.2% (Forecast = 0.3%, last month = 0.3%)
+ The US economy added 177,000 jobs in April, exceeding expectations of 138,000.
+ The unemployment rate remained steady and matched the forecast at 4.2%.
==> The US labor market continues to maintain stability despite various macro pressures.
-----------------------------
In addition, Binance announced the 17th project on Binance HODLer Airdrops - StakeStone (STO)
+ StakeStone ($STO) listed on Binance through HODLer Airdrops
+ Listing time: 23:00 02/05/2025 (Vietnam time)
Information about $STO: - Total supply: 1,000,000,000 - Airdrop rewards for HODLers: 15,000,000 (1.5% of total supply) - Circulating supply at Binance listing: 225,333,333 STO (22.53% of total supply)
Users who staked BNB in Simple Earn or On-Chain Yields from 07:00 27/04 - 06:59 30/04 will receive $STO airdrop from Binance. (Crypto God of Wealth)
+ You may have won many trades, winning 8-9-10 trades, but just losing 1-2 trades can wipe out all the principal and profits that you have worked hard to earn for a long time.
BELOW ARE SOME EXPERIENCES TO SHARE WITH YOU.
+ Try to find a good entry point before placing an order, be disciplined and don’t rush.
+ There will be times when the market is extremely difficult to trade, whether long or short, you will incur losses. At this time, take a break, don’t be frustrated and enter trades as the likelihood of losing is very high.
+ Never F.O.M.O chasing after opportunities; there are many chances and trades available, if you miss this trade, there will be another. ==> As long as you have money, you have opportunities; when you run out of MONEY, you run out of opportunities.
+ Learn to manage your capital; when entering a trade, always consider the volume. Don’t be GREEDY thinking you can make 1-2% quickly and then run away; this approach is wrong, there will be days when the market hits you without you being able to escape...
+ If you hit stop-loss on 2 trades in a day, don’t enter any more trades, take a break for 1-2 days (I usually set my stop-loss at 3%-5%). ==> Only trade again when your mindset is relaxed.
+ And the final point, when we play FUTURE LONG/SHORT, we MUST BE DISCIPLINED with stop-loss settings, we cannot let it drift.
A few shared thoughts so we can all EARN MONEY from this market.