Attention crypto community, there's some sobering news regarding the recent BNB (Binance Coin) price surge. While many were thrilled with the rewards from staking BNB in launch pools, offering more free tokens than staking FDUSD, the latest data paints a different picture. Surprisingly, the last two launch pools showed that staking FDUSD generated approximately 1.3 times more free tokens than staking BNB. This unexpected shift raises doubts about the sustainability of BNB's price growth. It's po
I would highly recommend to stay away from futures today. The swings are high and prices are far from stable in any direction. Liquidations will happen both ways during the day.
If you’re burning, try going in another direction to evade liquidation and close the deals when you have the chance.
#BNB most likely will try to come close to 620 today with major swings during the day. At the time of writing the trade volume is low, but already BNB hit 610 once.
Lessons Learned: Managing Risks in Weekend Trading
Reflecting on a recent experience, I've come to realize the importance of managing risks effectively in weekend trading. Leaving open deals overnight can often feel like a gamble, and unfortunately, this past weekend proved costly, with a loss of $14,000. It's a stark reminder that even in the world of trading, where profits can be enticing, it's crucial to keep risks low and maintain a clear perspective.
My eagerness to capitalize on previous weeks' profits led to a level of greed that clouded my judgment. This experience serves as a valuable lesson, highlighting the need to stay disciplined and avoid making decisions driven solely by emotions.
Moving forward, I am committed to implementing stricter risk management strategies, such as setting predefined stop-loss levels and avoiding overexposure during weekends. Embracing a more cautious approach will help me navigate volatile periods with greater confidence and resilience.
Remember, in trading and in life, it's not just about chasing profits but also about safeguarding what you've earned. Here's to continuous learning and improvement in our trading journeys. #RiskManagement #WeekendTrading #dyor $BTC $BNB $ETH
Now that I secured my BNB profits, I will start three strategies with 20k on each.
1) Grid with an activation at 490 with 420 to be on the lowest and 500 high. Trailing up on. (this will help me buy at a good medium price if the correction will be massive)
2) auto-buy every four hours next 4 days. That will be 1250 purchase every four hours.
3) I will wait until the launchpool finishes and wait until a dip happens, the. place a trailing buy order with 1.4% trailing.
All together will give me a good medium price for bnb for the next price jump. #bnb #BNB $BNB