$NEAR Some things to consider: Notice how the market flush look when using the linear scale on this chart. What do you see? A minor event really. Not minor of course for those with a conventional stop-loss or leverage but still, truly a "shakeout," which is nothing more than a market move.
The reason why I am writing this post is not to dwell on the past, the market flush, but instead to show you this opportunity.
I think NEAR is good now both spot and leverage. Leverage looks good with 4-6X. Can be more, can be less. The choice is yours.
Now that the worst part is over, we can start to focus on the upside. You already saw what happened to Zcash, and we know that Ether and XRP both hit a new all-time high. You read the Bitcoin update; on and on. It goes on and on. We are bullish of course but this bullishness is yet to show in some cases. In other instances, this bullishness is very strong.
I like the fact that many pairs are trading at bottom prices. You can't go wrong buying spot when prices trade at the bottom. If something goes wrong, think long-term.
Do not try leverage unless you have some experience, why? Because opportunities are endless and leveraged trading can result in all money lost.
Do this, if you do approach leverage only use a very small portion of your capital for each trade. What we do is that we split our capital first in three parts: Cash, spot and leverage. Let's say each 33%.
If you have $10,000, that would be $3,333 for each stack.
Obviously, the cash is left there (USDT) for when opportunities show up, like the market flush.
Spot (COINS) is there for long-term growth. The pairs and projects we like. The pairs and projects we want to support.
Leverage is there to make money. If you use capital allocation, you can never go wrong.
So, for a trade like this one—which I shared on 🔵 Leveraged Trades (LT)—we only use 4% of our capital. If our capital is $3,333, this would mean that only $133 would go into this trade. Makes sense?
If the trade goes wrong, the maximum you can lose is $133. But if the trade goes right, with more than 2,000% profits potential, you can end up with a $2,666 win. Asymmetric risk/reward.
Never put all of your money in a single trade. If you do capital allocation, risk control, develop a plan and the rest, you can even start using leverage today because there is no risk of being kicked out of the market.
To win, you just have to stay in the game.
Since we are going to have such a great bull run in the coming months (weeks), it is wise to buy spot and let your capital grow. Once you have profits, you can use the profits to play around, but don't gamble with your hard earned money. No! You are here to win, and you have my support. To win, you have to think before taking action.
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