follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Topics - Gurujebs

Pages: [1]
1
Cryptocurrency Trading / Mistakes to avoid during Bull run
« on: August 03, 2020, 03:27:08 PM »
It's another month and it seems bitcoin and other major caps project are gaining momentum to start another crazy similar run of 2017 . Bitcoin tested 12k and was massively rejected and flash crash to 10.5k during the weekend, currently trading around 11k range.
The momentum is not is going down soon as everything seems fundamental about bitcoin adoption and Defi hype. I want to share some personal major mistakes new traders and investors make during Bull run.

**Don't FOMO: Avoid  fear of missing out, every trade that goes upside sometimes makes corrections just like 12k-10k flash crash, learn to control your emotions over your trade and position, there is always opportunity to get in. You can learn to trade with fibonacci, it help you when to enter a trade and exit your position.

** Avoid over leveraging: If you are a Derivatives and futures trader, too much leverage may empty your account and get you liquidated. At most, 10x should be okay with your poison sizing.

**Never trade against the market: The trend is your friend, shorting the market isn't good for any trader during Bull except you have enough fund to cover your liquidation otherwise, you end will up with margin calls.

**Diversify your Portfolio and Position: During Bull run, some alts like ETH usually outperform BTC, do your own research and learn to have some position in some good Alt

** Take percentage profits  at every broken resistance: Some BTC maximalist predicted 1x10^6/btc last year bull run, as easy as it sounds, btc was rejected around range 13k-14k range depending on the exchange.
No one can predict the actual price. Don't be greedy, learn to take some profits. I know that feeling when starring at your wallet and seeing some crazy profits but If you don't sell, others will do and leave your portfolio stagnant with blood.

Pages: [1]
ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod