Search content
Sort by
Showing 6 of 6 results by BeeIforai
OK I decided to try my hand again at leverage trading
The plan was to watch the market and when I see it making a move in one direction go in with high leverage for a small move with no stop loss
This went well 1st week and was up 30% but then went down hill fast
The issue I have is not so much bad calls but getting scared
I will go in with 10-20x leverage and see my money drop like a stone be down 20% and exit only to see it climb back up and hit the TP or climb higher
This has happened three times now.
One issue I have other than getting scared is to do with time restraints I am trying to find a trade quickly and not giving it enough time also aping in and usual sh*t
I am trying to come up with a strategy that works as close to 100% as possible and have found one on BTC/USDT with an average of 95% success rate. Other pairs are also high 80s to mid 90s
I have stopped trading for a bit and am doing more tests and paper trading
Is there a way to make this work or do others mainly trade with leverage how do you handle stop loss and take profit
The plan was to watch the market and when I see it making a move in one direction go in with high leverage for a small move with no stop loss
This went well 1st week and was up 30% but then went down hill fast
The issue I have is not so much bad calls but getting scared
I will go in with 10-20x leverage and see my money drop like a stone be down 20% and exit only to see it climb back up and hit the TP or climb higher
This has happened three times now.
One issue I have other than getting scared is to do with time restraints I am trying to find a trade quickly and not giving it enough time also aping in and usual sh*t
I am trying to come up with a strategy that works as close to 100% as possible and have found one on BTC/USDT with an average of 95% success rate. Other pairs are also high 80s to mid 90s
I have stopped trading for a bit and am doing more tests and paper trading
Is there a way to make this work or do others mainly trade with leverage how do you handle stop loss and take profit
I used to have this same issue. My trading psychology was messed up. It got to a point that I was depressed because I was emotionally invested with the charts.
One day, I decided I would take a break. I didn't look at the charts, I didn't look at my wallet. I put everything concerning trading on a hold.
When I returned, I got a working strategy and back tested like my life depended on it. I also worked on my risk to reward ratio. Although I'm still struggling to keep my emotions in check, my trading has improved drastically.
Sometimes, taking a break is all you need.
The first time I heard about Bitcoin, I was 8. My mum was talking about it. At the time, she didn't really believe in it's efficacy. Then, 1 Bitcoin was a dollar. She didn't invest. Fast forward to now, sure, they've been regrets of " Had I known" but I'm glad I invested in Bitcoin when I had the chance.
There's this saying that experience is the best teacher. I learnt that the hard way. Let people experience, not necessarily from their POV but also from others'. It's all about the experience.
Hey there.
You're new to the world of crypto and boy are you confused. You're trying to keep up with everything, with every news, every strategy, but you end up getting more confused to the point of frustration.
Let me help. The first thing you need to put into consideration as a crypto trader is the type of trader you are.
Fundamental trading basically as to do with making your trading decisions based on the news releases concerning crypto.
Technical trading is essentially making your trading decisions using the charts, chart patterns, tools, indicator and some trading systems.
How do you know which one you are?
Practice with them, be consistent. You'll find what you're looking for.
You're new to the world of crypto and boy are you confused. You're trying to keep up with everything, with every news, every strategy, but you end up getting more confused to the point of frustration.
Let me help. The first thing you need to put into consideration as a crypto trader is the type of trader you are.
Fundamental trading basically as to do with making your trading decisions based on the news releases concerning crypto.
Technical trading is essentially making your trading decisions using the charts, chart patterns, tools, indicator and some trading systems.
How do you know which one you are?
Practice with them, be consistent. You'll find what you're looking for.
I do not think this will help or inspire people who have little to nothing. They got introduced to the crypto world in hopes of making money. You telling them now that they'll not get rich until they hold is kind off a punch to their balls or something. Listen newbies, as long as you're consistent, determined and disciplined, you'll make it.