Post
Topic
Board Trading Discussion
Re: My advice If you are here to make money
by
Fredomago
on 21/01/2023, 09:40:45 UTC
Most important in crypto is stable income everyday.
Just becouse btc are so slow i dont trade btc with futures much but If i do then i also trade others i dont keep my hopes on btc much.

But btc are great Market indicator so i use btc price as Market indicator to know when to long or short.

If you follow this plan you can get better results from trading like i said dont focus on too much market trend but try to find coin short or long it in few HOURS take the money and close the trade.

I am not sure if futures trading is really the best way to achieve a stable income every day. When trading with futures we have a leveraged position that moves stronger than the actual underlying asset. Bitcoins for example is up 25% over the last month, so who ever holds some BTC futures should have made a lot of money in the last few month. Which is already a big move in my opinion. But it's true that alt coins tend to move much more quickly than bitcoins. So any investor who is looking for the highest returns will have to invest in altcoins instead of bitcoins. The problem with the extra high return is that they also come from the most risky projects. We can't expect stable and constant income when trading those coins and futures on those coins. The chance of facing a loss are much higher then when investing in the bitcoin market.


We can't deny the fact that in that kind of trade, the chance of losing is much greater than winning your position. It's been practiced by traders who have better knowledge of the business. It will going to depend on how you perceive and project your opportunity and how good you are in handling the possible losses that it may take.

If you push with this kind of practices and you are already immune with losses and you manage to have more good outcome for sure you will continue to enhance and keep this as good practices while working with the market.