Topic: My advice If you are here to make money - page 9. (Read 1473 times)

   - Because not all individual cryptocurrency traders are like you and can make a lot of money in this state of crypto income. The fact that you have made it a topic here cannot be considered credible because it can be thought that you are just telling a story. After all, you have not shown any link to make this topic that you are talking about credible mate.

Although I'm not saying that it's not good to use a stop loss, it's okay, but my point is that we all have different skill levels in understanding trading here. If you're making a lot of money trading with the strategy you're doing, that's good on your part, it's that simple.

Loooool, in cryptocurrency for futures trading, bitcoin is best suited for several objective reasons:

1- Bitcoin has a historical bull trend and never falls below certain levels that were set in the past bear cycle.
2- Bitcoin is easy to predict in terms of price bands. For example, if I am leveraging and risking my position to liquidate at the $3,000 mark, then I can rest assured because there is a 99% chance that this liquidation will never occur.
3 -Bitcoin never falls endlessly down, by 97-99%, as many altcoins do, which makes it a good asset to trade, because the trader more or less understands the market framework.

What you should definitely stay away from in futures trading is altcoins, because they are centralized, often dependent on one person, extremely volatile and have no bottom. Even investing in altcoins is risky, let alone trading on margin.

Futures trading isn't for everyone, in fact, even experts never choose their life to be there but rather stay where they feel they are profitable.
It was indeed that newbies must know the huge risk in Futures trading and ask themselves if they are capable enough otherwise, never try it.

I will try not to fall for futures trading although some strategies can be profitable too. Right now I tend to focus on long term investing rather than trading, but I can still take advantage of trading something if I have good momentum. Futures trading is indeed profitable, but the risk will be very high for those who do not know how to control their emotions and are too greedy. Ignore futures trading, this is my current way of staying focused on long term goals.

In short i use 20x Lev sometimes Even higher.
I make sure STOP LOSS will last long few hours or at least i try to make sure.
So i Open trade and usually 30-50% nothing special daily profit usually i hold position 3hours to 12hours.
I Open 2 trades usually daily one trade with stop loss closer and the other position with stop loss further.
I use 100-200$ per trade and my stop loss will be like 20$ loss If hit stop loss when i use 100$

So Simple and effective way sometimes my pos will hit sl but usually 5 trades of 7 are good not hit stop loss.

I dont see any reason why cant earn few thousends $ monthly with this method.

I dont overthink about Market all i do i try to do right entry timing to get at least some profit

That's why he kept empathising on staying away from btc even when he admit btc is a good market indicator.

I will try not to fall for futures trading although some strategies can be profitable too. Right now I tend to focus on long term investing rather than trading, but I can still take advantage of trading something if I have good momentum. Futures trading is indeed profitable, but the risk will be very high for those who do not know how to control their emotions and are too greedy. Ignore futures trading, this is my current way of staying focused on long term goals.

^We need a stable source of income and it could be trading is another way of making an income which you cannot rely on this alone.
Definitely right, it is undeniable that you can make a profit in trading but the question is, how consistent it is? Probably you have earned today but what if tomorrow you will lose? So just an amount that you can afford, trading is a very risky part, I would rather hold my asset than do trading which is holding as I can see is much more profitable than trading. However, OP has good advice that could learn those who wanted to make money in trading.

Its undeniable that there are money in trading, but its not always as it is. Trading may also means losing your money, that even skilled traders are not free from it. However, if your aim is to optimize profits, then understand that it won't be possible instantly. Stable income is good, but trading cannot guarantee it all the time.

While you can definitely make life-changing money in crypto if you know what you're doing — the words "crypto", "trading", and "stable" doesn't really go well together. Even the best traders have bad trading days.

Keep your focus on how to make money.
Dont try to predict Market too much.
Stay away from btc If you are futures trader btc moving too slow.
Best is If you Open position everyday long or short keep the position Open few HOURS and cash Out the profit then forget about Market and btc go do your normal life things.
Biggest mistake traders do are this they Open positions like eth btc then those coins tend to move slow and while they waiting they might change their mind and making mistakes.
You should only focus on few HOURS how to cash out money from Market that's it.

I don't read any news i dont care much about btc and price but everyday i make money becouse i Open position for few HOURS and then whatever money i make i cash out this money.

I been making mistakes like i Open btc short when i know Market is up but still btc did not moved like few days so it means i did not make any money few days i was waiting like a fool instead of that If i was gona long and short other coins i would Made money everyday.

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.

Specific on the futures, for the newbies do not futures if you are new to it.

It is highly recommended that you shouldn't get into it. And this isn't only just for the newbies.

Also the old timers, if you cant bear the risk of futures. Just do not do it, I have seen a lot of lives ruined by it.

Specific on the futures, for the newbies do not futures if you are new to it.

It is highly recommended that you shouldn't get into it. And this isn't only just for the newbies.

Also the old timers, if you cant bear the risk of futures. Just do not do it, I have seen a lot of lives ruined by it.

OP, you have given all the advice that should NOT be done by plebs like us, ESPECIALLY during where and how the market currently is. NOW, it's time to save as much as we can and accumulate. There might be another crash, large or small, but the next months whether the crash happens, or doesn't happen, WILL be the time for ACCUMULATION = Buy and HODL. Tell me during 2025 if I'm wrong or not.

Keep your focus on how to make money.
Stay away from btc

Dont try to predict Market too much.
If you are futures trader btc moving too slow.

You should only focus on few HOURS how to cash out money from Market that's it.

I don't read any news i dont care much about btc and price but everyday i make money becouse i Open position for few HOURS and then whatever money i make i cash out this money.

These tips are for futures trading and are generally not suitable for beginners. Therefore, the problem is in the method more than being a good way to achieve profits or vice versa.
Opening futures contracts in highly volatile currencies and support and resistance points cannot be predicted well, which makes it better to invest in different methods such as day/spot trading.

Keep your focus on how to make money.
Dont try to predict Market too much.

Stay away from btc If you are futures trader btc moving too slow.

Most important in crypto is stable income everyday.

While you can definitely make life-changing money in crypto if you know what you're doing — the words "crypto", "trading", and "stable" doesn't really go well together. Even the best traders have bad trading days.