In fact...your eyes go clear...and you will say what just happened?
Too many positions opened was the major reason for my liquidation, and maybe leverage too. I have not tried leverage trading on crypto since then and till now. I said I wouldn't return until I get a proper education, which I have to some extent with trading forex and analysing/watching charts. Truly, experience and constant trading improve skill. Almost there...waiting for my crypto futures...for now, my focus is on forex and passing my prop firm challenge. It has exposed a lot regarding my strategy and leverage use.
And finally, better to bag my profits than see floating PNL reverse and hit my stop loss...so common in forex...and you start regretting why you don't just close the damn thing by yourself.
It's been months of lessons.
JoeClefAuthor: I guess unmitigated over-leverage caused it.
The difference is 10k. From 48k down to 38k compared to this unfinished one we currently have. That is about 20% down, if we're using the percentage system used in my journal part 2 post.
It always goes by that percentage and sometimes, in haphazard order until it cumulates to about -70% (plus or minus).
This current one, the difference at at 22,000 or 25,000 so far. (70k to 48k = 22k or 73k to 48k = 25k).
So, na your leverage cause am. You wanted to play a smart game on the market.
GRACEGLORY: Follow #BTC ascension with some real tight stop loss, to preserve gains. There's a revisit of the $53K in view, I can't tell how soon. Ensure tight stop loss.
iLegendd: Save that image below and whenever you see that lady holding an empty pot, let it remind you how BTC emptied your pot of money on the 5th of August and how you can plan and manage your money better in years ahead to have a full pot.
Enshrine that image in your memory forever — it's a reminder of your pains and financial f*ckups.
Whenever you see it, it will trigger financial management in your brain and controls your impulses to be patient and not to buy at the wrong time, else, history will repeat itself.
I compared this dump to the January 3, 2024 dump. A day I will never forget. But that one was bad because of the amount liquidated. I think it led this one by a billion.
BadMaster: I got it for 20k back in March, came bundled with the 20k/20Mbps unlimited plan. But I believe it's 50k now or there about. The flat one is the 5G/4G receiver and other one is the router.
Well that one is 60k (Airtel Nokia 5G), according to the man in charge (Osun state).
But I just got the Airtel Smartbox 5g router this afternoon, and it is 50k. Cheaper than Nokia own now...maybe location based sha.
Superpack589: AswearuGawd. We die here. Nothing this crypto wan do me again like this wey I neva see before. Eth hit my liquidation at 2,200, I enter another one at 2,300 with stop loss at 1950. If e sup, I will set another one at at 1957 with bigger leverage and liquidation at 1,400. If that one hit, another one go follow immediately. Also doing same with Sol but only my first long at 130 has been filled and the liquidation at 93 has not been hit. If that happens too, there's another long order at 93.7 with liquidation at 67. Each order below the first has more leverage. This is all out war.
Meanwhile, my spot orders are getting filled too so DCA is going on there. By the grace of God, I will drink all these blood like vampire and lick mouth. This is a once in a lifetime buying opportunity and I'm glad to be alive while it is happening.
You may be doing it the wrong way. Follow the trend. Don't trade against the trend If you are sure it is going to 1500...why not short and bag your money? Why long and long.
Congratulations to the bears who short the market. You must be in massive profits now.
Just like it said some hours ago, learn to short. Will be your strongest forte in the coming crises.
If it touches 48k and down, that is when the bull market upside is about to begin. We may need to cancel September out as people expected it to dump so hard, but now this is likely to be fulfilled in August...
We may experience a last year September of green, October green, November green, December dump.
PART TWO...For all those who seek knowledge, who want to get ready for what is coming, and who want to make a fortune to stay afloat in the coming crises.
Watch and learn. Prepare ahead; it is coming! [/b]So you won't come to cry again. I warn you now...[b]God is warning you ahead and showing you how to milk the market because things are about to change forever. 5 years left...tick tock.
digits69: Kindly help me out guys …how long does it take to get payout after crossing the phase successfully from both funded next and maven account respectively?
Most times, you don't have to view a coin in isolation, especially when trading leverage/futures.
This is a common mistake. I can go on and on, and you will still lose. Of course, the system is rigged to a certain level, but it gives warnings before anything.
If you want to leverage on a coin and max, apart from upcoming news, first look at what BTC will do.
If BTC on the chart is saying I may fall if no positive news will suddenly boost me up, it will be a foolish thing to do to long on coins. The best approach will be to find a sweet spot for short entry, factoring days or a weeks this may happen.
AlWAYS KEEP THIS IN MIND BEFORE YOU TAKE THAT TRADE.
True, not up to that, but it may exceed that before 2030 or post-2030, because of two major things: CBDC; the dollar/Stock market crash.
I had a dream 2 months ago...hmmm...I saw Bitcoin fall like a shooting star.It was in a flash before I woke up and jumped out of bed...I am talking of like 0.0005....
It may be of one those nightmares sha...
It was something else anyway....
I just don't know how the crypto market will react in the eventuality of a dollar crash...of course, perhaps dump first before rise.
People no wan hear word...anyone who wants to invest should wait till September to DCA...even August isn't much...For me, I am enjoying myself...last time I was in the hardcore crypto market was in March...if I come in today, it is to short...not to buy. Till September.