extr3me

6 - Essential Risk Management strategies 📝

1️⃣ Risk per Trade: Use 1% or 2% of your account balance.

2️⃣ Set Stop-Loss Orders: Is a predetermined exit point for a trade in case it doesn't go as planned.

3️⃣ Risk-Reward Ratio: Commonly used ratio is 3:1 where the potential profit (reward) should be three times more than what you are willing to risk.

4️⃣ Position Sizing: Depending on the risk of the trade, adjust the size of your position. If a trade carries higher risk, reduce the size of your position to minimize potential losses.

5️⃣ Diversification: Even in day trading, it's advisable not to put all your eggs in one basket.

6️⃣ Education and Continuous Learning: Stay updated on market trends, news, and developments. TA and fundamental analyses are vital skills for any day trader.

#BTC #ETH

7 Lessons that's great to keep in mind ⚡

1️⃣ Knowledge is power, is money 🧙
2️⃣ Everyday is a new day 💫
3️⃣ Do your own research 📝
4️⃣ Have plenty of ammo 💰
5️⃣ Invest what you're willing to lose 📊
6️⃣ Trust only in yourself 🕵️
7️⃣ If something is too good to be true, usually is ⚠️

ppl dont have money, no liq into the market. only manipulasion and sh1t PvP each other

manipulasion. whales, mm, exchanges and more. price action is not legit tbh

Counter trade ur friends then, sounds like a bunch of Cramers 🤣

👍🏻

long time ago we had such beautiful charts. give us bull market again

fate

New month with opportunities 📝

February is historical bullish but with these macro economic is not in best for the moment. So have to wait for better times then we will have a blast again.

Meme coin fiesta seems to slowing down and people are rotating back to eth ecosystem. Perhaps alt szn is coming up 👀

We have experienced a bearish trend for alts the past months while btc were in range, recently btc went down from 98k to 78k while alts holding relatively strong. Showing alts are near bottom if not at bottom for certain coins.

Overall market i'm bullish, this correction or dip whatever you will call it, its great for further growth. Hold your positions and avoid leverage think long term 💎

#ETH #BTC

Agreed, the next FOMC will be interesting

♥️

Will there be a Santa Rally after such market swings? 🎁🧑🏻‍🎄

Have to be the first for everything

Options runs out today expect volatile market 📊
High leverage is not recommended.

sad as shit, great trade man 🚀

#injective Looking good for a breakout, crush 32$ and we will go much higher 👀

Enjoy stay poor 🔥

Greetings 🔥
February news and up and coming.

- FED still keep it unchanged 5,50%. That's great news for market, but there's a catch. Hints of not cut in March so it's mixed how were going to proceeds.

- Bitcoin heldt strong at 42k support, still in range perhaps 44k are coming back in near future?

- US NFP coming up 2th February. Key numbers 187k, previously 216k. If this is bullish we could spark a new up momentum.

- Core CPI 13th will also have a more clear way of what direction were going to go.

- 23th Bitcoin Future Expiration, often volatile day can go both ways, stay safe.

I've started a journey a year ago and wanted to try do 1k$ challenge to 10k$. Now I'm up 15k$, my trading has been much better overall and understanding macro helps a lot in this "game".

Mindset, realistic goals, patience are just few keywords. It's a marathon not a sprint, if you would get rich quick go buy a lottery ticket 😁

First I spot trade few coins back a year ago, went up nicely after some patience, later I added the profits to ETH when it was 1150$ ish. Sold at 1800$. Later I have been playing with $MATIC , and ever since I have been stuck with trading with $BTC $ETH .

It's been a great path of learning within trading, how I handle stress (came handy both trading and in life). Would recommend people to start lower capital, learn while doing, and last but not least I wish you all good trading and thanks for reading.

#BTC #ETH

What are the benefits of DeFi? 🔽

🔸 Real-time transactions and increased transparency
Interest rates on DeFi are updated several times a minute

🔸 Increased overview of transactions with account activity that can be noted publicly and verified by other users

🔸 Save money with low transaction costs and other traditional costs and fees in financial services

🔸 Receive interest faster compared to traditional financial institutions, such as banks, which provide these on a monthly basis

🔸 Store peer smart contracts between parties on a public database on the blockchain that is only closed when the terms of the digital agreement are met

🔸 Programmed smart contracts that ensure automatic execution of terms and conditions. The agreement can, for example, be programmed so that it will automatically release the security when the conditions for the contract are met

🔸 Build your programs in DeFi as it is open source. Users who want to review and edit the source's code do not need special approval.

What are the disadvantages of DeFi? 🔽

🔸 The fear that funds will be lost or locked in the system

🔸 Hacking is a serious threat, as sophisticated hackers can discover the weaknesses and break into the system

🔸Errors in the system can occur if there are bugs or error codes in the blockchain's programming

🔸 To secure your account, unique codes are required as private keys, which means that you can lose access to your money if you lose it

🔸 Falling values ​​of crypto assets used as collateral may result in position being liquidated2

#DeFiChallenge #FutureofDeFi