✍️ Dollar Cost Averaging (DCA) : The King of All Strategies 👑 [Read Full🎁]
👀 While Doing SPOT Trading or Even Futures, You might have Come Accross the Term DCA (Dollar Cost Averaging)
💬 But What Actually is DCA Strategy?
DCA (Dollar Cost Averaging) is a Method of Lowering your Entry Price by gradually adding small portions of your capital to the Existing Positions.
Say For example
👉 You bought something with $100 and your average price was $1, so if the price falls to $0.5, you have to buy the same Asset again for maybe $50 again, which will thereby decrease your entry price..
🤔 How To Use this Strategy on Binance (Auto Convert/DCA Bot) ?
👉 You can use Binance Auto Convert Bot, You just Have to enter how much you want to invest and select timeperiod how often u want to invest, and the bot automatically places order for you regardless the market movement.
✨ Over the Long Term You will get excellent results. ✅
👉 In futures I Use DCA Strategy in order to lower my entry level and to get closer to Market Price. ✅
✍️ At the End No one can exactly predict where the Market is Going but you can Manage and reduce your Risk through DCA Strategy upto some extent.
🔔 Everyone Please Book Full Profit on $BARD Futures Long Position Now ✅️. I am Also Booking Full. 👉 Also Cut the same Loss amount from $AIOT Futures Short Position.
🎯 Reason: $BARD will take a Break amd we need to stop AIOT damaging the portfolio 🙏
🔔 Everyone Please Book Full Profit on $BAND Futures Short Position Now ✅️. I am Also Booking Full. 👉 Also Cut the same Loss amount from $AIOT Futures Short Position.
🎯 Reason: $BAND showing no Movement amd we need to stop AIOT damaging the portfolio 🙏
CryptoPanda_
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Падение
Bearish Outlook For $BAND 📉 Sell/Short *Futures Trade* Setup 🔴
👉 $BNB Futures Short Position's Entry (BreakEven) SL Trigerred But we booked 30% at TP 1 ($815).
Hope Everyone was Able to book something from it 🙏🙏🙏
CryptoPanda_
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Падение
As Expected, Our $BNB Futures Short Trade just smashed TP 1 ($815) 😍. 👉 Book 30% here & Hold the Rest with Entry (Breakeven) as SL for Risk Free ✅. More Dump Incoming 📉... {future}(BNBUSDT)
🔔 Everyone Again Invest 0.15% to $PIPPIN Futures Short Position in order to Lower Entry Levels ✅. And hold this without SL. I am doing it right away.
Total Investment: 0.3 + 0.15 = 0.45% Done ✅
🎯 Reason: Big Surprise soon 📉
CryptoPanda_
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Падение
🔔 Those who are Holding $PIPPIN Futures Short Position, Now Again Invest more in it in order to Make it Full 0.3%. Targets remains the same ✅. Hold without SL.
🎯 Reason: Its Chart is similar to $ZEC and i believe its time is soon Over.
[Those who holding full 0.3%, you are good to go 👍] {future}(ZECUSDT)
👉 I am taking $M Short Trade a Big Shot With $2000 (Position Size) May be near to 1.3% of my total Capital, But those with Less risk tolerance do with 0.5% and those with a Decent Capital do with 1%
CryptoPanda_
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Падение
$M is Ready for A Massive Dump (Sureshot) 📉 Sell/Short *Futures Trade* Setup 🔴