How do you maximize profits in this bearish market ?

[CryptoBun]

The current market downtrend has resulted in massive wave of liquidations. I was shocked to find that the total liquidation in the crypto market is over $1.5 billion in the past 24 hours. BTC, ETH and other major altcoins keep crashing, whales especially are caught off guard as long positions keep wiping out.
To be honest with you, i was dumbfounded to see this happening because i wasn’t expecting such a steep decline, everything happened in a twinkle of the eye.

Even though i was affected a little, i’ve  been thinking of maximizing this period as my next line of action because selling pressure keeps increasing. This morning when i was checking updates and complaining, a friend told me about a weekly trading rewards event he has been doing. I wasn’t aware exchanges do that for traders but i thought it could be a good opportunity to short those coins and still get rewards. Just to be sure, has anyone else benefited from these before, i would like to know.

[bitterguy28]

Just to be sure, has anyone else benefited from these before, i would like to know.

from what i have seen from the members here in the forum yes they have benefited from trading events there are even competitions among traders to of course earn extra income but also to learn more trading techniques from one another i think it is also a good activity to involve ourselves in to get more experience in trading

[jeraldskie11]

Just to be sure, has anyone else benefited from these before, i would like to know.

from what i have seen from the members here in the forum yes they have benefited from trading events there are even competitions among traders to of course earn extra income but also to learn more trading techniques from one another i think it is also a good activity to involve ourselves in to get more experience in trading

My only advice to newbies in trading is that they don't immediately use strategies they get online. Because most of them are not from real traders. The best thing to do is to back test it before using it. Our money will only be wasted if we use it for live trade. The truth is, we can experience losses even in a real account, and you still have adjustments to make because the execution is different from back testing because there is no emotion involved.

[milewilda]

Just to be sure, has anyone else benefited from these before, i would like to know.

If you are just that new then this is how this market works and its not the first time that we do have that sudden flip when it comes to price movement and this is how this market volatile is on which it could really be able to drop without even knowing on whats the reason. There's always those situations that there will be those liquidations specially into those market makers do make out its move and actually this isnt shocking at all. There are really just that those times that tons had been liquidated. This is why always set that risks management well in towards your position when it comes to potential market shift.

[jeraldskie11]

Just to be sure, has anyone else benefited from these before, i would like to know.

If you are just that new then this is how this market works and its not the first time that we do have that sudden flip when it comes to price movement and this is how this market volatile is on which it could really be able to drop without even knowing on whats the reason. There's always those situations that there will be those liquidations specially into those market makers do make out its move and actually this isnt shocking at all. There are really just that those times that tons had been liquidated. This is why always set that risks management well in towards your position when it comes to potential market shift.

Because of the market manipulations and volatility, risk management is must. If we don't apply it we have the risk of liquidation which means that all your capital will lose or your entire port. Many newbies don't want apply this when their position is negative, they are afraid of losing partial amount of their capital without knowing that anytime their entire capital will be at risk if they didn't put stop-loss. We can't always look at the chart, that's why we should put a stop-loss. This is a reminders to all the people who are starting trading.

[SmartGold01]

Due to the risk involved in trading I have reduced my attention towards trading since one can lose so easily but, then whenever there is much selling pressure due to make decreasing or negative news across the market, it's better to keep accumulating favorite coins such as bitcoin and ethereum to remain in a better position when market might bounces back its position.

[JorvikCoin]

Yes, some exchanges offer trading rewards but it is important to check the terms before jumping in. Shorting can be profitable but market reversals can be risky so setting stop loss orders is a good idea. Also, keep in mind that high selling pressure doesn't always last. It might be worth exploring different strategies instead of relying only on shorting.

[KincaidT]

The market drop was unexpected and many were caught off guard. Some traders use exchange rewards to recover losses or profit. Shorting can work but is risky if the market bounces back. It is best to check the terms before joining.

[DegenLifestyle]

The market drop was unexpected and many were caught off guard. Some traders use exchange rewards to recover losses or profit. Shorting can work but is risky if the market bounces back. It is best to check the terms before joining.

But it was expected. Fomo was high, greed index was at extreme greed, alot of money flowed into pump. Market is just rebalancing imo and trying to fill up the FVG. Erm you can short the market rn but use low leverage and short from resistance. This could be a motivator. Diamond thursday and avenue to earn rewards trading.

[Crwth]

I'm starting to really see how the market is and how much it's problems occur once steep percentages are happening,, whether it's up or down. The PvP with traders is always happening, and those trading events that you mentioned are mostly ways to get traders trading. It sometimes depends on the volume, and sometimes it's not, and it's mostly beneficial if you trade in the right direction.

[CryptoBun]

Just to be sure, has anyone else benefited from these before, i would like to know.

If you are just that new then this is how this market works and its not the first time that we do have that sudden flip when it comes to price movement and this is how this market volatile is on which it could really be able to drop without even knowing on whats the reason. There's always those situations that there will be those liquidations specially into those market makers do make out its move and actually this isnt shocking at all. There are really just that those times that tons had been liquidated. This is why always set that risks management well in towards your position when it comes to potential market shift.

I’m not new to this man….just wanted to share opinion. As I stated above that i was affected a little, that was because i applied risk management. If not, i would be liquidated more than normal.

[joniboini]

The market is always like that OP. I'd discourage you from shorting heavily just to recover your loss from a trading event because there's a high chance the market will swing in the opposite direction again. I believe leverage is where people lose their money anyway, whether you're a beginner or not. I'm not sure how experienced you are but I guess I'll reiterate what I told most users on this forum.

You should probably analyze how much money you're willing to lose before deciding to participate in a trading event or trades in general. If you do that there will be less pressure to recover your profit quickly and you can analyze the market with a better view. Emotion can affect your analysis if you don't control it. DYOR.

If you're talking about me I usually stay away from the market when they're bearish because I don't have the capital to risk my position. I'll slowly buy Bitcoin again if the market shows signs of sideway or a change in sentiment.

[CryptoBun]

Due to the risk involved in trading I have reduced my attention towards trading since one can lose so easily but, then whenever there is much selling pressure due to make decreasing or negative news across the market, it's better to keep accumulating favorite coins such as bitcoin and ethereum to remain in a better position when market might bounces back its position.

Yeah, i agree. Trading is risky but when you take the necessary steps and apply risk management..it’s become more easy. Just like you said, i also think accumulating and hodling altcoins till the market correction is over is better but you know accumulating monies through trading is faster when done properly without emotions.

[CryptoBun]

The market is always like that OP. I'd discourage you from shorting heavily just to recover your loss from a trading event because there's a high chance the market will swing in the opposite direction again. I believe leverage is where people lose their money anyway, whether you're a beginner or not. I'm not sure how experienced you are but I guess I'll reiterate what I told most users on this forum.

You should probably analyze how much money you're willing to lose before deciding to participate in a trading event or trades in general. If you do that there will be less pressure to recover your profit quickly and you can analyze the market with a better view. Emotion can affect your analysis if you don't control it. DYOR.

If you're talking about me I usually stay away from the market when they're bearish because I don't have the capital to risk my position. I'll slowly buy Bitcoin again if the market shows signs of sideway or a change in sentiment.

I actually participated in the event later, since i was aware of the current market state..i didn’t over leverage my short position and the outcome was quite good. Though, i’ll hold on a little till the market correction is over before resuming trading.

[SmartGold01]

Due to the risk involved in trading I have reduced my attention towards trading since one can lose so easily but, then whenever there is much selling pressure due to make decreasing or negative news across the market, it's better to keep accumulating favorite coins such as bitcoin and ethereum to remain in a better position when market might bounces back its position.

Yeah, i agree. Trading is risky but when you take the necessary steps and apply risk management..it’s become more easy. Just like you said, i also think accumulating and hodling altcoins till the market correction is over is better but you know accumulating monies through trading is faster when done properly without emotions.

For altcoin lovers, though it's actually risk to hold altcoin except for the reputed coins which I know we shouldn't trust them with all we do as they can easily lose their total values, so channeling the investments on bitcon could be more better as Bitcoin has proven to be that trusted and reliable than altcoins, except such investors or traders has to be more selective on the coins they should hold during bear market.