What is âMarket Pullbackâ or âMarket Correctionâ? Let me explain in the simplest way.
Imagine youâre selling potatoes đĽ in your town. Every day, the price is normal, and business runs smoothly. One day, someone starts spreading a big rumor: âThereâs going to be a French Fries Festival đ where people can win prizes for making the best fries!â Hearing this, everyone rushes to buy potatoes. Prices go up because thereâs more demand and fewer potatoes available. Market Correction Some greedy businessmen buy most of the potatoes, creating an artificial shortage to sell them at much h
Seen many traders being liquidated in future trading due to their greed. Especially in Volatile meme coins trades. They have low caps and tend to move up and down rapidly. Look at the scenario of major meme coins like $PEPE which has a substantial increase from 0. 000012 to 0.000022 similar is $DOGE situation from 0.10 to 0.432 and not to mention newly launched $PNUT increasing from 0.42 towards 2.50 ... are not these massives ?? Yes getting out of trades can give you benefit otherwise may ruin
As you embark on your trading journey, itâs easy to make some missteps along the way. Here are some common mistakes that beginner traders often encounter and tips on how to avoid them:
1. Lack of a Trading Plan Many beginners dive into trading without a clear strategy. A well-defined trading plan helps you set goals, identify entry and exit points, and manage risk effectively. 2. Over trading The excitement of trading can lead to overt rading, which increases transaction costs and emotional str
Trading Insights for Beginners: Avoiding Big Losses and Securing Profits đĽđ
When I first started trading, I aimed for huge profits with a single trade. Iâd often invest large amounts, hoping for equally large returns.
While itâs a strategy many pursue, the harsh reality is that big trades can also lead to big losses.
To help you navigate these challenges, here are some tips to profit consistently, even if youâre just starting out:
Buy Low, Sell High Yes, youâve heard this a thousand timesâbecause itâs true! However, mastering it takes patience and discipline.
Buying Low: Track the currency youâre interested in for several days to understand its price fluctuations. Identify a target price that the asset rarely drops below, and wait for that pointâdonât rush to buy unless the target is hit.
Selling High: Once youâve bought in, set a realistic selling target. Avoid the temptation to hold out for higher pricesâgreed can be costly. Lock in profits with a reasonable goal, even if the price moves higher after your sale.
This simple but effective strategy keeps you disciplined and reduces risks along the way. Stay tuned for more tips soon! â¤ď¸
Stay Connected, itâs good for your financial health! đ
For beginners stepping into the crypto world, it's easy to fall into common pitfalls that can hurt your portfolio. Here's how to stay ahead and trade smarter:
1. FOMO (Fear of Missing Out): Donât buy just because everyone else is. Make data-driven decisions, not emotional ones.
2. No Exit Strategy: Know when to sell! Plan your exits to lock in profits and minimize losses.
3. High Leverage: Crypto volatility makes high leverage risky. Start with smaller trades until you master the market.
4. Lack of Diversification: Spread your investments to manage risk. Donât put all your money in one coin.
5. Ignoring Security: Always use secure wallets and two-factor authentication. A single hack could drain your entire account.
6. Emotional Trading: Stay disciplined. Avoid panic selling or greedy buyingâstick to your strategy.
7. Over trading: Patience is key. Donât trade too frequently; wait for the right opportunities.
đ Final Tip: Research, plan, and trade with long-term success in mind. Good Luck đđđť
Hello Family! $BTC will go fall for the rest of time but it will up ward and then reached high level.
đ¨ Bitcoin ($BTC BTC/USDT)
Testing Key Levels â Are We Headed for a Breakout? đ
Bitcoin is currently trading at $67,262, After a day filled with volatility. The price reached a high of $68,424 and dipped to a low of $66,775, with bulls and bears battling for control.
As BTC continues to consolidate near the $67,500 mark, traders are eyeing the next major move.
A potential breakout above $68,000 could set the stage for new highs, but if the support around $67,400 fails, we may see a retest of lower levels. With strong trading volume of 28,798 BTC, the market is on edgeâwill Bitcoin surge past resistance, or is a pullback imminent?
First and foremost, stay calmâdonât let panic take over. Your mental health is invaluable, and no trade is worth compromising that. When you find yourself in a tough trading position, itâs important to assess the situation with a clear mind. Letâs break down some strategies to help you manage the situation effectively.
1. Analyze the Market: Take a step back and look at the overall market conditions. If youâre in a long position and notice that all coins are consistently dropping, or if youâre
Today I will share some important points for futures trading that I've learn till now...đ
Lets suppose we have $100 1. We only take leverage maximum to 5x to 6x. Avoid more than 6x
2. Take margin not enough $1 means at 6x we can trade any coin with $6 quantity with investing $1
3. Stop loss must be at just below support levels.
4. If coin is stable like Btc eth, average your trade. If you long on eth and eth is at 2400 and it drops to 2200, long again it at 2200, your average price will be 2300 from 2400 and close your half trade at 2310. It will make you in profits. Please do in stable coins only.
5. When funding rate is increasing negatively take long position and when increasing positively take short. Before ending funding rate time close trade because it will sudden goes opposite to you after rate time ends.
6. Set trailing stop order of 1 on your open positions at level of 1.5% or 2% atleast. It will increase more profit chances instead of TP. For example you are long at a coin with $100 price, set trailing stop order at 102, when it activates and coin goes up as much as you will get profit.
7. Set profit target like 1% daily or 5% weekly, When you achieve it. Dont trade more.
8. Dont trade when you have other tasks in mind and dont in stress.
9. If you hit stop loss, dont trade in same coin immediately. Take a break of 30 minutes before next trade in same or other coin. Dont trade when you hit 2 stop losses consecutively in same day.
10. If trading is disturbing your sleep, office work, family and social life. Dont trade on daily base. Stake stable coins or use dollar average cost method in spot trading
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.