1. Have a Trading Plan: Develop a clear and well-thought-out trading plan before executing any trades.
2. Risk Management: Always use proper risk management strategies, like setting stop-loss orders to limit potential losses.
3. Continuous Learning: Stay informed and keep learning about the markets, strategies, and the assets you're trading.
4. Emotional Discipline: Keep emotions in check; don't let fear or greed drive your decisions.
5. Record Keeping: Maintain detailed records of your trades to analyze and improve your strategies.
6. Diversify: Avoid putting all your funds into a single trade or asset; diversify your portfolio.
7. Practice Patience: Be patient and wait for the right opportunities, rather than chasing after quick profits.
Trading Habits to Avoid:
1. *Overtrading: Don't trade excessively; it can lead to losses and burnout.
2. Ignoring Risk: Don't ignore risk factors or trade without a risk management plan.
3. Lack of Research: Avoid trading based on rumors or tips without conducting your research.
4. Revenge Trading: Don't trade out of revenge or to recover losses; it often leads to more losses.
5. Impulsivity: Avoid impulsive decisions; always think through your trades.
6. Not Setting Limits: Never enter a trade without setting a clear stop-loss and take-profit level.
7. Ignoring Trends: Don't disregard market trends; it's essential to be aware of the market's overall direction.
Remember that successful trading requires discipline, continuous learning, and methods. It's essential to develop a strategy that aligns with your risk tolerance and financial goals.
That's all for today, hoping that you will have a good one.
Liquidated If you've been liquidated in futures trading, it means your position has been forcibly closed due to insufficient margin.
If this happened to you what to do? First, evaluate the reasons for the liquidation, learn from the experience, and consider adjusting your risk management strategy. Assess your remaining funds and decide whether to re-enter the market cautiously or take a break to reassess your approach. It's essential to learn from the experience to minimize the risk of future liquidations.
A black swan event ā also known as the black swan theory ā is an unexpected and rare event with a significant impact, often with far-reaching consequences.
The Black Swan refers toĀ those events which are difficult to predict in the normal course of business. They are random, unexpected, but high-impact events. These events are considered outliers, because there is no past data which can point towards its occurrence in the foreseeable future.
Classic black swan events includeĀ the rise of the internet and personal computer, the September 11 attacks, and World War I. However, many other events such as floods, droughts, epidemics, and so on are either improbable, unpredictable, or both.
When is the last black swan event happened?
Almost four years have elapsed since the market crash of March 11, 2020, widely known as āBlack Thursday.ā During that turbulent period, the value of bitcoin plummeted by more than 50% in a 24-hour span, reaching $3,867 per unit. This ominous date, etched indelibly in financial history, is synonymous with a āblack swanā event, characterized by its profoundly adverse nature and the near-impossibility of prediction. The following narrative embarks on a retrospective journey through the events of that memorable day in 2020.
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What's happening right now? The answer is "History is repeating itself."
If your fear is stronger than your willingness to change your life this year, you'll lose.
Calling yourself a "trader" but always saying that "crypto is a scam" when you experience some losses. Very funny.
Just look for the bright side, use this opportunity to have some bags. Every coin is on sale right now ! You can easily get more than double of what you have, just have some patience to hold (even days , weeks, months ) Patience is the key in this kind of situation.
You going to have some bags now or you're already out of capital cause you're not patient enough to wait for this dip and you loss everything you have ?
I'm glad that some of my followers thank me for giving these signals last day, yeah both of us are in profits right now especially those who are still holding now.
Those take profits are already hit but it's still up to you if you want to hold your position . Just a little reminder or advice from me is "take your profit when you're already happy or satisfied"
I'm booking my profits now cause I placed a high margin and already made x3
Gonna post a new signal today get ready.
Hit the follow button if you're one of those who saw my signals last night or if you're new I'm glad to help and made people become cryptonaire .
Just bare with my english because I'm not good with it