Post
Topic
Board Trading Discussion
Re: You lose more when you over trade
by
TimeTeller
on 26/01/2024, 21:19:05 UTC
Market is going always against me, I have recently selected a coin named Manta in the Binance and when I think for that coin to buy then the coin move forward nd also when I saw it after sometimes the coin jumps from its own position. Then I take a step backwards for waiting for its dip then against it moves forwards more. In this way, it is Nott the first time I have seen it 8 time approximately but it is still not working for me in the Binance for many days.
That's because that coin is still fresh and new to Binance. With that situation of the coin it's really gonna give you a quick movement and you either make it or break it from it. That is what usually gonna happen with coins newly listed on Binance and any other exchanges. They'll give you the excitement but you see to it that they're moving as quickly as they can while most of the traders are on them, trying to make quick gains. But if you stay for so long on it, you'll get stuck.

New coins is actually hard to determine their next movement, and so you are just speculating on this matter.
If you already invested on such project, what you can do is keep up with their updates, follow their social media channels as you can get some insights on where they are heading to.
Most of the time, they won't disclose their plans on their official website, but you can get some valuable inputs from their social media platforms.
The way they respond to their followers and how they give answers to some critical plans towards their project.