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April 04, 2021, 07:43:27 PM |
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I got a friend who started trading during the bullrun and as we all know, a lot of magic tend to occur during bullruns like 100%, 300%, 500% up to 1000% within a short period. He bought a coin with market order after I guided him and when it was time to sell, he sold after making some profit. He used this pattern to get buy calls and sold as he made profits. Trading was fun, he enjoyed a lot and made money. At a point, he wanted to open an academy to tutor people and this is so hilarious because he had zero idea about trading.
One day he bought a coin and was giving take profit zone and stop loss zone, to my greatest surprise he never set the stop loss because he did not understand how it works and when he went to check back as usual to see his profits, he came back to see his worth diminishing. At first he thought it was an error, network issue and he had to switch off his internet connection and reconnected again. He tried several times and got same result and had to raise alarm his account has been hacked. Lo and Behold, when he told his friends and he narrated his story they started laughing so hard and this was when he realized that he has messed up. It was so funny and painful at the same time because he had lost huge some of money as he was scared and had to close the trade.
His friends started making fun of him and asking him, is this how you would have led or taught your students. He angrily left but they had to call him and apologised for laughing so hard but then told him that never joke with acquiring the right knowledge. You need to learn lots of terminologies and techniques in the crypto space and he had to shun the idea of opening a trading academy and had to learn about market orders, limit order, stop loss and OCO.
Sounds hilarious right but this happens to lots of noobs in this space and kattana is here to solve this by providing you with a trading terminal and specialized tools accompanied with 3 limit order types that will teach lots of people and avoid them making same mistake my friend did.
Learn and then you can earn without making grave mistakes
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