#cryptozidezi $BTC Trading on futures is similar to fishing.
Everyone wants to catch a lot of fish and fill their bucket to the top. But not everyone has a proper fishing rod and equipment — which in trading means having decent capital.
After they finally get the rod and the equipment, most people become impatient. They want to catch big fish quickly and as many as possible. But they lack experience. They don’t know how to handle the rod properly. And that often leads to wearing it out — or even breaking it completely. In trading terms, that means losing the allocated capital.
Some fish are caught quickly. Others take much longer. And some are very difficult to catch. The same with positions — some can be closed in profit fast, while others require time and patience.
I don’t know how this kind of post will be received on Binance Square. But this metaphor has helped me stay patient and manage my positions until they turn profitable.Trading on futures is similar to fishing.
Everyone wants to catch a lot of fish and fill their bucket to the top. But not everyone has a proper fishing rod and equipment — which in trading means having decent capital.
After they finally get the rod and the equipment, most people become impatient. They want to catch big fish quickly and as many as possible. But they lack experience. They don’t know how to handle the rod properly. And that often leads to wearing it out — or even breaking it completely. In trading terms, that means losing the allocated capital.
Some fish are caught quickly. Others take much longer. And some are very difficult to catch. The same with positions — some can be closed in profit fast, while others require time and patience.
I don’t know how this kind of post will be received on Binance Square. But this metaphor has helped me stay patient and manage my positions until they turn profitable.[Welcome](https://app.binance.com/uni-qr/group-chat-landing?channelToken=mFeVJCj--96eISeE834ysA&type=1&entrySource=sharing_link)
{future}(BTCUSDT)
#cryptozidezi FLOW/USDT has already dropped by -99%. How much lower can it go?
Recently, it looked like it was ready to take off — +124%, not a bad start, and many were expecting at least a +500% move.
At the moment, I’m stuck in this position for an unknown period of time. It has recently been delisted from other exchanges — could it be delisted from Binance as well?
My position is now in imminent danger.
Will FLOW/USDT recover, or will we end up closing this year in a loss?
On CoinMarketCap, it still has a community of over 130,000 followers — is this really the end for FLOW/USDT?
I continue to manage the position, and we’ll see where it leads. 🚀
#cryptozidezi +176,000 USDT from a single ETH trade where the difference between the entry price and the exit price is almost insignificant — like a tiny move, haha! And yet, how many salaries is that? If we take a salary of 1,000 USDT per month, you would need to work officially about 176 months to earn the same amount.
Well, I don’t have such results yet. I have a position on BTC and I’m currently up 6 USDT, but I entered at 70,828 and now BTC is already around 74,000. I hope the day will come for us as well when we close not 6 USDT, but 600,000 USDT, from a simple $3,000 price move.
Good luck to everyone! 🚀