When participating in the Binance Future market, everyone's account was burned 1-2 times.
Why is that?
Because most people participate in trading with emotions such as: greed, fear, impatience, boredom, mixed joy and sadness.
So,
How to eliminate those emotions. To be able to earn regular profits every month on Binance Futures.
First, you must build your own trading principles. Apply those principles to daily trading and adjust those principles accordingly to maximize efficiency to achieve the desired results.
After having trading principles, all emotions will automatically disappear during your trading process.
If you don't know how to build those principles? You can refer to my article below.
How can I achieve a profit of 1%/day from Future transactions?
If you have the ability to identify BTC trends in the short term of 1-2 days, you can make a steady profit of 1%/day.
Basic trading principles are as follows: For example: Your account has 3,000u
Step 1: identify BTC trend
BTC trend will increase in the coming days, predicted to retest the 67-68k mark.
Step 2: Buy 20 different coins with a transaction volume of over 100M in 24 hours.
Each order execution is limited to 15u with Cross x10 leverage.
Step 3: Take profits 3-5
Wait for the results, if there is a profit of 3-5u then take profit. Of course, 20 buy orders are not necessarily profitable even if BTC increases.
Try to note which coins are falling and why? Review the chart of that coin and gradually remember it to learn from it for next time, including coins that increase profitably.
Step 4: Note that the deposit ratio cannot exceed 2% of the total account.
Absolutely no DCA for losing orders, just leave them alone and one day they will rise again.
Use the money to buy other coins to make a profit that can be added to the loss of the losing coin to end the losing order and take profits to break even on that loss. If you play this for a long time, you will be able to handle it well with experience.
With 20 orders, you will definitely take profit on at least 10 orders, then it is considered that you achieve 1%/day.
Note: You should monitor the BTC trend regularly using the 15m or 4h chart to re-evaluate the trend.
Absolutely do not use high leverage. Absolutely do not let the deposit rate exceed 2%
The game is still long so there's no need to rush DCA to do anything to get tired.
This week BTC will return to test the 67-68k mark again before the next decline.
Predictions can be wrong, so please read for reference and do not consider it as something to base your trade on.
What I say most often is that you should not trust anyone. Trust your head.
Only by having a lot of knowledge and trading experience can you have the most correct strategy in a market full of pitfalls.
If you have money in your pocket, you should know how to let it grow and enjoy prosperity.
Following this person or that person and then blaming him is not the same thing. Remember that in the market there are no good guys, only guys with a lot of money who say everything is right.
Those who don't have much money are too weak to listen, all they can do is pour water for them.
In recent days, BTC has decreased relatively but not much. Only Altcoins are bloody.
Those who play spot to buy Altcoins can hardly stand losing more and more every day.
Even though I used DCA many times, the losses became worse and worse. Some people have to cut their losses to find another opportunity
Let's praise NOT and PEPE and then cut our losses together. Remember that no coin has any value. It only has value when it increases.
Coin serves a small community to pump in and share the hundreds of values it brings. Causing Fomo from many communities and eventually dying in silence.
Be alert, everyone. Especially those who are new to this market are very confused. I will become a millionaire and that's the end
The market is always like that, whenever that coin is. It increases, then decreases, then another one takes its place.
Spot held on for a few dong then increased capital then went negative then DCA then cut then burned.
So how to play?
Why are you afraid of the Future when you can sell high and buy low?
Just be less greedy and control the margin ratio well and you can live healthy in this market.
BTC has increased according to everyone's expectations over the past few days.
When BTC dropped from 72k to 66k, some people cut their losses today but unfortunately that is the nature of the market.
Until today, the market created momentum for you to feel excited to return to deposit more money to take revenge for cutting losses yesterday.
WARNING one more time
You should remember that the market is not that easy. Late tonight, if BTC hits another red card to reach the 64-65k mark, it will be considered a loss of both lead and bet.
Very few people stay awake late at night to recharge in time to fight the fire.
BTC has been in a downtrend, the increase in BTC tonight to 69.5k shows us that is just the way to draw the graph.
There's no big reduction, but if you reduce it by 6k, increase it to 3k and then reduce it by 5-6k, it will only look better.
Some words to share with those who are Fomo market.
DCA - Dollar Cost Averaging is understood as price average.
Spot Trading DCA is used almost as often when BTC drops in price. Especially in the past few days. BTC from 72k to 66k, many people probably use DCA to average the price of coins that are losing money.
The question is whether to DCA or not? Take for example the spot coin HIGHUSDT
HIGH has decreased over the past 4 days. If DCA is used in this case, the loss will be even worse. Where can I pour money into DCA when I don't know where the bottom is?
Losses are getting worse and worse, making people feel insecure and losing opportunities for other coins.
Spot's characteristic is to only buy low and sell high. If you buy too high, you can just cut your losses or sit and wait or lie down and wait for that coin to recover.
When will HIGHUSDT recover to the price level of 9 or 6...it could take 1 month or even 1 year or 5 years. Can we wait or can we just cut our losses?
The mentality is that the more you lose, the more DCA you have, so many people are very discouraged, waiting forever and not getting ahead, finally cutting their losses.
So,
How to use DCA effectively? This depends on your sleeping experience, no one is the same, so no one will follow your advice.
What about Future trading??
The beauty of Future is that it can be up or down. Whether BTC increases or decreases, there is something to worry about.
Buy low sell high Sell high buy low
It's important to manage risks, otherwise your account will burn out.
Should DCA be used when trading Futures? This also depends on each person's experience in the market, so it's difficult to say.
I only used DCA once when that coin lost 300%. Then wait for it to break even, then cut it by 1/3. After that, if there is a profit, close it, if not, leave it.
Look for other coins to trade to make a profit, don't have the energy to worry about the coin that is losing money and it's tiring.
If you keep doing that, everything will go up and down in the market for a few months and then everything will be fine.
This week there was a lot of news related to the financial markets. A BTC drop is more likely than a BTC rebound to the 70k mark that was rejected yesterday.
If the 67k mark cannot be maintained, it will return to 65k and can happen this week.
All Predictions may be wrong.
Technical analysis or news analysis are things that have already happened. No one knows the future, so trading is a game of probability, so don't worry too much about it.
If you have a profit, don't be too greedy and then cut your losses when you're too scared.
There are more than 740 cryptocurrency pairs listed for trading on the market. How much do you know about them? Reading some published information makes you think you know all the potential of that Coin project? Strong development in the future? It's incredibly silly.
Everyone wants to prove that we are knowledgeable. $NOT will go up to $1 but when??? Ridiculous
Try asking
What code do you know about NOT? Is the published information true? It's all just a game. Don't dream anymore
In this market, do you think you will become a millionaire overnight???
Remember this when picking up tight objects. Even if the profit is as little as $3-5, you should close it. Don't think it will take a few thousand dollars to close.
1$ ~ 25,000VND, if you don't take profit, that profit will only be temporary. Eating less is better than eating bran.
A few words to share for those who are not awake in this market.
As for those of you who are proud that my account is huge and you come here to teach analysis with just a few coins! I'm not teaching you, I'm just sharing my practical experiences over the years of eating.
To keep your account absolutely safe in the futures market, you need to pay attention to the following parameters:
Look at the sample below:
1. SOLUSDT Cross x10 perpetual futures contract. It means you are Short Coin SOLUSDT future with leverage x10 times the amount you spend.
Avoid using leverage that is too high x20 or x50. Easily leads to account burn.
2. A margin rate below 1% will be the golden ratio. Extremely safe, no matter what storm comes through, your account will never burn.
3. The liquidation price is currently $1,639, which means that when the SOL price reaches that level, your account will burn.
4. I predicted SOL would go down so I placed TP at $141. I never place SL because I have a DCA plan when the Short order loses 300%.
Above are important parameters for those new to the Future market.
Seriously follow the above criteria and you will always have a good night's sleep.
Those who like adventure play bigger than Cross x50 and DCA continuously leads to a deposit rate of 40-50% after a stormy night, it is normal to wake up early in the morning and lose your money.
There are 2 things to do: 1. Trading system 2. Discipline in trading.
If you don't have these two things then I guess you will soon pay the price for that.
After many months of continuous increase from 16-20k to 73k. Of course, during the months of increase, there are months of stagnation or a slight decrease.
Opposite,
The same goes for BTC's downtrend. Will decrease for many months and have sideways months and increase a little.
There are about 6 months left in 2024.
SOL has increased from 7-8$ to 200$ 20 times. Long-term investors are well off. Now that they have rested, no matter what the market does, it's not time for them to care.
BNB alone costs from $200 up to $700. Just ask those who are well off.
The rest are short-term, unprofessional investors who, if they get a little profit, start screaming loudly in the community. BTC dropped yesterday, lost 3%, and now it's gone up and I can't find them anywhere.
Reading the news, I always see negative accounts or accounts burned since late last night. It's really sad because the market always gives them the feeling that every Coin has its own value and it will go to the moon. Then we will all become millionaires.
Looking back at history you will see if the coins that made waves at one time are still found here. Anyone who has been trading for more than 3-5 years will understand this.
The press praised and the community hailed everyone as winners. But the end result is that the money is nowhere to be found, only seeing the account burned out many times without realizing the lessons from the stormy crypto market.
Calm down a bit and don't believe any news you read.
Slow down and take one step at a time and one day you will reach your destination. Believe in yourself, only you know exactly what you want in this market.
In the article I have pinned the name WARNING $BTC collapsing layer. There are many traders cursing and cursing because of my prediction.
Everything in the market will be very difficult to predict correctly. Maybe it's just luck or many years of trading experience.
There are many Fomo people following meme coins like $NOT $ PEPE
Last night's bearish candle in the time zone we were sleeping in. That is a disadvantage for Vietnamese traders. At that time, very few traders can stay awake to handle their accounts.
In the morning, when I wake up, my account will be negative or completely gone. Really condolences to you guys
Risk management is something that needs to be learned carefully before entering the zero-margin market. Unlike Vietnamese stocks! There is a amplitude of +- 7% daily.
Trader Spot should reserve 1/2 of the account for DCA in bad situations.
For Future traders, the risk rate should be less than 2-3% to keep the account absolutely safe. Avoid DCA continuously stopping the train before reaching the stop. Normally Cross X10 can DCA loss of 300% - 400% once.
Be careful guys. $BTC Come down again. This is just a technical recovery.
Watching the rising momentum of #ORDIUSDT you will see its strength.
Looking at the transaction volume reaching 800M and the growth rate reaching 13%, it is in the top 3
Changes in the past 24 hours show that coin #ORDIUSDT is on a strong upward trend.
The nearest peak is at $79.5
So, we will watch to buy at $62-63
For those who play Future, it is reasonable to cross x10, controlling risk below 2% of the total account. Don't be too greedy and push it too high and then regret it.
Because every statement can be wrong.
Financial markets are a game of probability. So when we choose to trade 10 times and win 6-8 times, we win.
This article shares signs that the coin will increase in the next 1-2 days.
My limited perspective can help those who have a LONG Future strategy.
1. Click on "24h change" and you will see the coin increase by 10% - 20%, for example. You just need to focus on the coins in the top 3. 2. Pay attention to the amount of transaction amount reaching 800M or more. 3. Increase rate over 35% 4. Look at the h4 chart and see if the Marubozu candle appears, it's ok. At this time, you can use the LONG order and wait for the coin to grow in transaction volume to reach 1-3B$, then you can take profit.
Usually coins increase in agreement with BTC increases and sometimes coins increase despite BTC falling deeply, which is normal in the market.
Watching a Coin increase in value lasts a few days to a week depending on its hotness in the market.
This growth loop will repeat for each Coin pair listed on Binance.
If you pay close attention, you will find this rule. All actions do not need to be hasty or hasty.
During the increase, there will be times of decline, but there will be no sudden increase. Even the reduction is the same
So once we participate in this market, we need to master its knowledge and rules. You will have victories, whether small or big, it doesn't matter. The important thing is to win the market based on your understanding.
Without knowledge Don't know risk management There is no discipline in trading Excessive greed Fear is not necessary
Have you ever burned your account? In today's article I share the reasons that lead to account fires.
Spot never burns money because it only buys at a low price and then sells at a high price to make a profit like Vietnamese base stocks.
Only by trading Futures can you burn your account, just like playing derivatives in Vietnam.
What is the reason for the fire?
1. Newcomers joining Future do not yet understand all the parameters such as: risk ratio, deposit, remaining assets, Margin mode, liquidation price, ...
2. DCA continuously aims to reduce losses but the market reverses the trend leading to high risk rate and no more reserve money so it burns.
3. Greed and fear are also what kill your account. When you are not calm enough about your current losses.
The market always has attractive opportunities for players. So we need to know what the limit is on the amount of money we have and the borrowing margin for each investment coin.
I see most of you use loan rates up to x40 and x100. Actually this is too dangerous
You spend $100 and borrow Cross x100 rate, which means you are investing 100 times the amount you have. So the account burns sooner or later.
Cross x10 mode is the max for new players so that's it.
Or Isolated mode will be safer for your account. If there is a fire, it will burn within a certain range, but it will not burn the entire existing property.
In short:
The following parameters need to be well controlled: 1. Cross x10 mode 2. Risk rate is lower than 3% 3. The liquidation price must be 8-10 times higher than the entry price. 4. Failure to continuously avoid DCA leads to the account not having enough money left for the Margin ratio.
In addition, there are a lot of junk coins. According to statistics, there are more than 10k cryptocurrencies listed on coinmarket.
There are over 226 centralized exchanges and 500 decentralized exchanges globally.
You are trading on Binance, one of the largest exchanges in the world.
So,
For the floor to be profitable, there must be transactions. Investors only trade when the market fluctuates.
Sideways markets will never appear at any time.
If this coin fluctuates, other coins fluctuate up and down.
From there we will see that no coin can increase forever. Increase and then decrease to let the other one increase.
At Binance, there are 740 currency pairs, so this loop is large enough for global transactions. One pair increased, then another.
If you trade long enough you will see it. Normally, the amount of money poured into a coin to increase its price ranges from 500M$ to 2-3B$. It is also normal for some numbers to increase to 5-7B$ . At this time, every investor can see it appearing in the top 3 coins with the strongest increase in price.
When it reaches that threshold, it will go back down to below 100-200M$ , sometimes down to a few tens of millions 20-50M$. Now no one cares about it anymore.
In addition to BTC, ETH has a transaction volume above 10B$ which is normal.
What will you do when you understand the rules of increasing and decreasing the amount of money traded for such a coin?
1. Control greed by controlling all possible risks in the zero-margin market.
BTC increased suddenly by 3% in just the past 4 hours. If you look closely at the weekly chart you will see something is about to happen.
I predict this will probably be BTC's last increase this year before everything soon falls apart.
Be careful if you follow Fomo and believe that BTC will reach 100k-200k which is impossible.
Nothing increases or decreases forever in the financial market. For example: Oil, Gold, Green Dollar, or Japanese Yen.
Calmly consider carefully before making a decision when things don't go your way.
Financial markets always create emotions of regret and opportunity.
Not buying BTC now is like losing the opportunity to make money
Not cutting losses now is like regretting everything.
The emotions of the monetary game always make people want revenge for greed and fear.
But when you have a cool enough head and are calm in the face of all turbulence, you will be the winner.
This is how I entered this market. Let's wait and see if my prediction is correct. If I'm wrong, you can curse me at any time. If it's true, I don't need anyone's applause. Just because I like to write reviews when I know for sure everything will be like that.
#btc If BTC gradually declines to the 33k area from now until the end of 2024, what will you do?
Many people will think that this is an unrealistic hypothesis.
Those who are holding BTC and expecting it to reach 80k - 100k - 200k will say you are crazy.
Those who are Short will feel more comfortable when reading this article. But rarely can orders be kept to this extent.
Anyone who has participated in the market knows it. Eat a little at a time, but when you cut a hole, it's a huge lump. Few people can keep a cool head when they look at their phone every day and feel worried, or excited, and then close it all out.
The feeling of regret for things that have passed makes people forget very quickly.
That's the nature of the market.
Actually, BTC has been increasing for more than 10 months. All the whales and sharks have finished distributing and traveling somewhere. The remaining small fish are tearing up the market.
Just a few shocking news will cause the market to drop suddenly, then increase a bit, then post news, then suddenly decrease... repeating this over and over for about 6 months.
Make everyone lose interest and leave the market. It will drag on for a few more months, depressing this market.
Coming here is probably the time when whales and sharks begin to travel back to rebuild the market.
Everyone knows this scenario but everyone is so addicted to bait that they forget where they are??? When you eat a little every day, you feel high.
This is an inspirational article with no intention of judging or analyzing what BTC's mother is doing for the sake of it. If you like it, trade it, if you don't like it, read it for fun. Don't say bad words or lose solidarity. Haha But it's okay to say nonsense because it has nothing to do with it.
#btc If you know for sure the increase and decrease of BTC, why don't you go all in BTC?
No one can predict its increase or decrease, no matter how they analyze it or how they do it.
Don't be delusional about your abilities when participating in the Crypto market.
So,
How to invest to make money is a question everyone is looking for an answer to.
To make money in the Crypto market, you must first remove greed and fear from your brain.
Greedy - likes to get rich quickly, earn large amounts of money in a short time. Go all in when emotions get out of control.
Fear when the negative account exceeds the tolerance level and then emotionally force you to cut losses.
Invest in Spot or Future
We learn to be patient with the market. The market always operates according to a certain rule: Accumulation - Growth - Distribution. So as long as you determine its area and have patience, you will have good results.
When a Lion goes hunting, it will have to wait patiently for a long time to get the best possible chance of catching its prey. But only 60% catch the bait.
So,
Everything will never be perfect, we should know how to give up lucrative prey when the opportunity has not yet come.
After many failures in the crypto market. I learned the following valuable lesson:
For those who like Short, just follow these steps and you will be successful.
For example, the account currently has 2,000u
Any altcoin that has a large trading volume of over 1-2B, we should short order 25u x10 for the first time. There will be 2 cases
One is that if the coin declines, it will have a 50% profit trend, so we should lock in profit at around 50%, leaving 50%.
Second, if that coin continues to increase, we will lose money, so just leave it there when we lose 300%, then DCA 25u continues and wait until there is a profit and then close it in the above way.
With 2,000u account, we can Short about 1-5 coins and that's ok.
Note: - Only apply x10, do not apply higher. - Risk ratio is always below 2% of total account. - Absolutely do not cut losses because what goes up will come down. No coin goes up forever.
Be persistent in protecting your account in the safest way possible. Avoid greed and fear
The market still has opportunities. Only when the money runs out will the opportunity end.
To apply or not to apply is your choice. I don't share for any benefit. I do not encourage you to invest the way I do. Please don't say bad things because in this market it's not certain who is better than the other.