I'm giving away 1 usdt to 200 lucky followers. click here to claim your Red packet giveaway.
The bull market starts tomorrow and will last for 3 months. It's time to invest now!
It's been a bear market for the past 3 months. You can confirm this by looking at the market chart for $BTC and $ETH or $PEPE or any coin of your choice.
We’ve teamed up with @Binance Square to launch their new Square Giveaway Center!
It's easy—complete tasks to earn $10,000 in $PIXEL rewards: 1⃣ Follow us on Square! 2⃣ Share this post (on Square!) 3⃣ Complete any of the trading tasks listed here: https://www.binance.com/en/square/giveaway/pixels
If you are a newbie looking to understand how trading works, try this low risk grid strategy. As you can see it's been running for close to a week with fairly low risk but consistent returns. $1000SATS
One interesting thing to note about yesterday's crash is that the volumes were relatively low compared to other red days in the past months. That should tell you that institutional traders were not panic selling!
Stay put my fellow retail investors! Buy the dip and do DCA. In a week or two you will smile when you look at your wallet balance! ☺
This is what this platform will never tell you when it comes to futures trading... they make lots of money from your losses!
I've seen lots of people getting liquidated on this $BTC rally due to leveraging. I think people never take into consideration risk management or don't know how it actually works. For sure getting rich quick by leveraging is a probability, but it is more of luck in the 10x to 100x than in lower leverage positions.
Get rich quick in crypto is never talked about enough and many people fall for scams that imply that it's easy to make 1000% profit within a day!
As you see in the chart below a simple 10% move in either direction for longs or shorts at 10x gets you liquidated. This is considering you probably long or short your whole portfolio with leverage (which most people do).
If you want to long or short with high leverage, use 10% or less of your portfolio, try it out in Isolated mode with Stop Loss set, to minimize your risk. Hopefully your losses will teach you how to be a better trader.
I've been liquidated 3 times, I know better now! $PEPE $BONK
As soon as you finally give in to the fear of missing out they will dump!
Just give it a week for the dust to settle. Then make your move. At the speed the market is moving it will only take a couple of days before we hit the top.
It's usually not a good idea to board a moving bus after it has left the station. Catching a falling knife is even riskier.
Please don't give the whales your hard earned money.
Whales and sharks buy low and sell high. Small fish buy high and sell low.
Whales bought all they needed a month ago. Time for profit taking now and then they will push the prices down to buy more! And the cycle continues!
Does the market always go down every time you buy? There's an effective strategy you could use to manage your risk.
Say you want to buy $BTC worth 300 USDT, a good approach would be to divide your buy into several lots, 3 lots of 100 $ USDT each would be ideal.
Place your first buy bid of 100 at your desired entry price and if the order goes through wait for a few hours or a day or two depending on your trading frequency to see what direction the market goes. If the price goes down you can buy the next lot at a lower price and if it goes further down you place the third order.
If the price goes up after your first order there's no loss to you since you can always find other opportunities in the market to invest in as you spread your risk.
I guess this helps manage your fear of missing out FOMO while managing risk.