[Take advantage of crypto volatility] bear or bull market

[Detritus]

As we may have known, bull market is a market that is on the rise and where the conditions of the economy are generally favorable. A bear market exists in an economy that is receding and where most stocks are declining in value (https://www.investopedia.com/insights/digging-deeper-bull-and-bear-markets/)
I was learning how to trade the forex market back in 2019 while I used a broker called IQ option to practice in the demo section, after 2 months I felt I have learnt enough so I decided to put-in real money, so I invested $150 and after two weeks time I earned about $400. Later in 3 weeks time I lost all my earnings including my capital. I tried a different broker called Binary trade, funded the account with $200 and within a month and 2 weeks, I made about $1300, opted out because of series of losses and i starting a business.
later around last year (2021) I studied the future trading option on the binance exchange, and around November during the Bull" market, I was enter  future trading on the binance exchange with BTC/USDT. I invested $1000 and I was able to make $2800, some might say it was a little profit 😹 but what matters was that there was $1800 profit added onto my capital. (I took advantage over the bull market).
  this year (2022) in the month of May,  I invested $500 on Binance future trading and traded Luna/usdt and could make $1400. I took advantage of the market volatility.
crypto future trading enables traders take advantage over bear or bull market and they could be earning profits (either big or small).
 apart from the volatility of Bitcoin and Ethereum, there more Altcoins to trade on binance future that can yield profit.

Things to Note:
  1. Always apply your stop loss and take profit option
 2. Do not trade with emotions
 3. Have a good source for signal or information about the crypto your trading.
 4. It good to know that your asset can be liquidated when the leverage is high resulting to total loss of funds.

 When trading futures assets, one must be prepared to encounter losses as well as profit but it's advice to stay clear if you can't manage your risk.

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[Bitcoin_Arena]

You should have also emphasized on the ugly side of trading too. When a newbie reads you story, they might think trading is as easy as A, B, C and D. You may have made those attractive looking profits but through hurdles of losses

So much as we should take advantage of volatility, we should also have it in mind that it can take advantage us and blow away our accounts if proper risk management is not done.

[pooya87]

I never personally liked futures trading since I consider it riskier than regular trading specially in a very unpredictable market called cryptocurrency market where you can see pump and dumps at any moment with any size. Which is why I prefer regular trading; a pump is risky too but it can give you more profit than futures with less risk and it is easier to get in an out of it while the pump is taking place.

[Mpamaegbu]

Things to Note:
  1. Always apply your stop loss and take profit option
 2. Do not trade with emotions

1 & 2 are a regular MUST for those who want to be profitable traders. Sometimes we want to argue the significance of SL and think it's not that necessary because we're scared of encountering losses. Only if we knew that loss is a part of the game. Without loss, every Tom Dick and Harry will call themselves traders. So, SL helps separate the boys from the men. No matter how clever anyone wants to think of themselves, they shouldn't neglect SL. It gives rest of mind, knowing your loss won't surpass where you want it if things went wrong.

[mk4]

I know all the points given by the OP because that’s a common knowledge in trading but I find it hard to apply in reality especially controlling my emotion every time there’s a strong movement in the market. I’m just using cross margin with low leverage on all my trade and just use 10% to 20% of my capital so that my position will be safe when the result is the opposite of my prediction. I’ve been liquidated many times in the past using isolated margin without stop loss so I try the cross margin to trade safely and take advantage my high margin for my trade. I just set stop loss at 50% loss just in case shit happened but I always trade along the trend.

Take note that you don't even need to use leverage to short downtrends. Sure, without leverage potential profit are a lot less, but you're going to get liquidated A LOT less — which is such a significant thing because you could be right about a general trend but get liquidated anyway due to bad entry.

[palle11]

3. Have a good source for signal or information about the crypto your trading.

What source are those that you think about if not for the community or with telegram which are still not honestly given because the developers may be out to just pump for no reason that you don't understand what is moving the coins, taking note that the crypto market is not regulated.

4. It good to know that your asset can be liquidated when the leverage is high resulting to total loss of funds.

This is just as forex trading like you experienced too reading your post. Futures and forex trading are having same features.

[so98nn]

I like it the way he is always in the positive balance all the time and going upwards only. Lately such traders are not found or could have been best strategy of yours.

If I am trading in compounding manner then I would either be loosing my money on some trades or I’m rolling back to the BEP of previous investment. It’s so hard to achieve consistent upward trend these days and in the bearish market it’s even harder.

All I am doing is stopping all the trades and just hodling.

[Wind_FURY]

Things to Note:

 1. Always apply your stop loss and take profit option
 2. Do not trade with emotions
 3. Have a good source for signal or information about the crypto your trading.
 4. It good to know that your asset can be liquidated when the leverage is high resulting to total loss of funds.

When trading futures assets, one must be prepared to encounter losses as well as profit but it's advice to stay clear if you can't manage your risk.

OP, very easy to say it, and to have a presumption that you can do it, than actually doing it while trading a truly volatile market such as that of cryptocurrencies. PLUS the volatility that you're "taking advantage", and trading is actually caused by? They are caused by the emotions of the other traders in the market who are also trying to take advantage of the volatiltiy and who are trading against you.

[GreatArkansas]

(..........)

Things to Note:
  1. Always apply your stop loss and take profit option
 2. Do not trade with emotions
 3. Have a good source for signal or information about the crypto your trading.
 4. It good to know that your asset can be liquidated when the leverage is high resulting to total loss of funds.

 When trading futures assets, one must be prepared to encounter losses as well as profit but it's advice to stay clear if you can't manage your risk.

Another note to add is "chasing losses" this is one of many common mistakes of traders, this also has a connection with emotions because they are thinking that they can make those losses in just one trade or overnight. This act must be handled properly because capital preservation is a must, it's better not to trade than to chase losses because there are still a lot of opportunities for the next trade.

[DoublerHunter]

(..........)

Things to Note:
  1. Always apply your stop loss and take profit option
 2. Do not trade with emotions
 3. Have a good source for signal or information about the crypto your trading.
 4. It good to know that your asset can be liquidated when the leverage is high resulting to total loss of funds.

 When trading futures assets, one must be prepared to encounter losses as well as profit but it's advice to stay clear if you can't manage your risk.

Another note to add is "chasing losses" this is one of many common mistakes of traders, this also has a connection with emotions because they are thinking that they can make those losses in just one trade or overnight. This act must be handled properly because capital preservation is a must, it's better not to trade than to chase losses because there are still a lot of opportunities for the next trade.

^ Or it could be, don't be greedy.
All of this must stop-lose when you are in trading. So that you will minimize your losses while there is a bear market.
It is tougher to predict and guess the market, yet you can make money on a volatile market but it does not guarantee that you will always consistently gain profit on it. Another factor could depend on your mood, if you are not in the mood don't push yourself in trading, you will not focus on it, it will always have a barrier when making a good decision.

[Johnyz]

Things to Note:
  1. Always apply your stop loss and take profit option
 2. Do not trade with emotions
 3. Have a good source for signal or information about the crypto your trading.
 4. It good to know that your asset can be liquidated when the leverage is high resulting to total loss of funds.

 When trading futures assets, one must be prepared to encounter losses as well as profit but it's advice to stay clear if you can't manage your risk.

You have a good experience in future trading, but still the risk is there especially if you are still not familiar with it. It's good to have your specific capital for futures that only means to me that you are a responsible trader. Well in number 3, what do you mean good source of Signal? because personally I don't suggest any signal group and it's better if you do your own analysis and find that signal on your own. Trading is not easy, it will take a lot of time before you become good on that and honestly not all those who started trading become successful here, simply because they are still lack of discipline.

[Wind_FURY]

(..........)

Things to Note:
  1. Always apply your stop loss and take profit option
 2. Do not trade with emotions
 3. Have a good source for signal or information about the crypto your trading.
 4. It good to know that your asset can be liquidated when the leverage is high resulting to total loss of funds.

 When trading futures assets, one must be prepared to encounter losses as well as profit but it's advice to stay clear if you can't manage your risk.

Another note to add is "chasing losses" this is one of many common mistakes of traders, this also has a connection with emotions because they are thinking that they can make those losses in just one trade or overnight.

Caused by emotions, which, there are many of you in the millions of participants in the market who might be "chasing losses", making the market more volatile and therefore more profitable for the top 10% of traders who are taking advantage of it.

This act must be handled properly because capital preservation is a must, it's better not to trade than to chase losses because there are still a lot of opportunities for the next trade.

The problem, is "HOW" if you have a trade open? The solution might be, I have not tried it, I stopped active daily/swing trading before I had the chance, is make a trading system that makes you know before hand, when to buy and how much to buy, and when to close the trade, and pre-program it in your exchange's trading site through the use of the different types of orders.

[Zilon]

 

the leverage is high resulting to total loss of funds.

 When trading futures assets, one must be prepared to encounter losses as well as profit but it's advice to stay clear if you can't manage your risk.

If you had taken time to do a breakdown of how much losses you encountered while trading futures it would have been so helpful to traders who might want to consider trading futures. You only spent time dwelling on the happy trades you had and one who don't really know the risk involved in future trading might feel it's just a bed full of colorful roses

[FriedeFritz]

There is a lot of excitement about cryptocurrency technology, but it's not yet widespread enough for it to have a major impact on the mainstream. , it could also lead to negative associations if people end up losing money when bubbles burst, or if they are scammed by shills .

[gunhell16]

Doing trading on the actual exchange platform is not easy to do, it just looks easy but when you do it it's hard. It's not physically difficult, but it's mentally exhausting while reading the graph on the exchange chart.

Because if you don't have an idea of understanding how to read the actual trading chart, you will depend on the combination of selling and buying, and you don't know when is the right time to buy and sell the token or coins you hold.

That's why it's good to trade without depending on luck or just in case.

[Jawhead999]

IMO when bear market I mostly take advantage to buy every dip since it's not easy to trade on bear market because it's high chance you will lose and how good are your emotion to control that.

When bull market I take advantage to trading especially shitcoins lol, it's easier to wait the shitcoins pump and you could multiply your capital in short time. But you need to know to all coins you bought the price will increase when Bitcoin increase, so there's a risk too.

[milewilda]

IMO when bear market I mostly take advantage to buy every dip since it's not easy to trade on bear market because it's high chance you will lose and how good are your emotion to control that.

When bull market I take advantage to trading especially shitcoins lol, it's easier to wait the shitcoins pump and you could multiply your capital in short time. But you need to know to all coins you bought the price will increase when Bitcoin increase, so there's a risk too.

There's always been a risk and this thing should be kept on mind so that you wont really be getting that too confident towards your trades.Honestly it would really be varying whether you do get involved
on short or holding which these bear or bull market whether it would be significant for you or not because we know that if you are a holder then you wouldnt care about volatility since you could just
simply accumulate and wait up and wont be bothered on what price you had entered unlike when you do make out short trades then it would definitely be important on dealing up
with volatility carefully since this would be able to determined on what steps or actions you should make out.

[Vaculin]

You should have also emphasized on the ugly side of trading too. When a newbie reads you story, they might think trading is as easy as A, B, C and D. You may have made those attractive looking profits but through hurdles of losses

So much as we should take advantage of volatility, we should also have it in mind that it can take advantage us and blow away our accounts if proper risk management is not done.

There's always two sides of the story, and as a reader you should be able to distinguish the positive and negative sides. When you trade, its not always profits but also you have to be more open for inevitable losses. Otherwise, you will fall believing that trading is good and suitable for everyone since everyone can make easy profits even without skills and strategies developed.

[crzy]

There is a lot of excitement about cryptocurrency technology, but it's not yet widespread enough for it to have a major impact on the mainstream. , it could also lead to negative associations if people end up losing money when bubbles burst, or if they are scammed by shills .

We are hitting the mainstream already, many talked about cryptocurrency and the adoption started already. The only problem here is that, the misconception with cryptocurrency because many believes that they can easily become rich with cryptocurrency when in reality they still need to learn more. Trading is very risky, there’s no safe market for trading and we all know the volatility with cryptocurrency is very high, we should start making good strategy that can fit into this market, don’t just trade plain.

[Digital_Lord]

the ideas you provided are really excellent but i do not believe that future trading is a good pick because of all the inherent risks. Victory in trading is greater based on the users functionality, if a person can endure his loss well so he can also achieve good results. Success come with time, a single loss in short time does not suggest our defeat. If you trade prudently, a market slump may be positive for you.