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Author Topic: Im good with shorting binance  (Read 447 times)
jossiel
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February 04, 2024, 09:53:37 PM
 #41

So, just wanna ask if there's someone who have come to go with OPs shorting signals and became profitable?

Because no matter what kind of offers will be given in here, I doubt it that many are going to join because everyone is just too tired going on with these signals and groups with the same promises.

Even they're for free and they have that psychology of telling people that they can just donate money after being profitable. I think that there's also the conscience that tells that even if you guys didn't make money as long as you're part of the group, you can donate anytime you wish.

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February 06, 2024, 07:45:06 AM
 #42

Taking short trades is very risky.  A project doesn't go down long without some major bad news.  But a little bit of good news can make a project go a long way .  So I think long trade is much better than short trade.  Short trades can be taken for a very short time.
Short trading is always risky as a sudden pump will easily liquidate the position. Futures trading has many advanced places where there is risk in both Short / Long sides, sudden pump as well as sudden dump which liquidate the position before realizing anything.

There is a mindset among crypto traders that if one wins a few trades, he becomes overconfident and at some point starts making wrong decisions that result in the loss of his winning trades, profits and capital. So don't consider yourself an expert because of some winning trades without reading Futures trading well. Market makers are very strong they know how to play with traders emotions and liquidate positions.
Futures trading is extremely risky and that is the reason why it's not recommended for newbie traders or investors to get into futures trading until they learn everything from top to bottom. For someone to gain success in futures trading, they will need to have a complete understanding of the market, every cryptocurrency, and all the techniques and patterns of futures trading so that they don't make wrong decisions and get liquidated in no time.

People without ample knowledge should only stay in the spot trading market and just buy and sell cryptocurrencies for small amounts of profit instead of venturing into markets that they don't understand only to lose their trading capital and then sit and regret.

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February 08, 2024, 07:38:54 PM
 #43

Taking short trades is very risky.  A project doesn't go down long without some major bad news.  But a little bit of good news can make a project go a long way .  So I think long trade is much better than short trade.  Short trades can be taken for a very short time.
Short trading is always risky as a sudden pump will easily liquidate the position. Futures trading has many advanced places where there is risk in both Short / Long sides, sudden pump as well as sudden dump which liquidate the position before realizing anything.

There is a mindset among crypto traders that if one wins a few trades, he becomes overconfident and at some point starts making wrong decisions that result in the loss of his winning trades, profits and capital. So don't consider yourself an expert because of some winning trades without reading Futures trading well. Market makers are very strong they know how to play with traders emotions and liquidate positions.
Futures trading is extremely risky and that is the reason why it's not recommended for newbie traders or investors to get into futures trading until they learn everything from top to bottom. For someone to gain success in futures trading, they will need to have a complete understanding of the market, every cryptocurrency, and all the techniques and patterns of futures trading so that they don't make wrong decisions and get liquidated in no time.

People without ample knowledge should only stay in the spot trading market and just buy and sell cryptocurrencies for small amounts of profit instead of venturing into markets that they don't understand only to lose their trading capital and then sit and regret.
In futures trading, experienced traders never trade with high leverage, as inexperienced traders use high leverage. From my futures trading experience, I have seen that it is not very difficult to make a profit from futures trading, but it is difficult to retain that profit. Because traders get greedy and take trades one after the other, as a result of which the trader ends up losing all the profit and his capital. Therefore, traders should come to futures trading with deep knowledge of the market, otherwise they will not be able to survive in this market and will lose all funds by liquidating in futures trading.

Futures trading is so advanced that even experienced traders end up making losses here, because this emotion influences everyone to make wrong decisions. So spot trading is a good option for an investor, because even if a coin is dumped by 20% during the bull market, there is a high chance of recovering it in the spot market, and in futures trading, once it is liquidated, all the funds will be zero.

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February 08, 2024, 09:41:45 PM
 #44

Taking short trades is very risky.  A project doesn't go down long without some major bad news.  But a little bit of good news can make a project go a long way .  So I think long trade is much better than short trade.  Short trades can be taken for a very short time.
There are projects that go down for a long without major bad news, like Zcash, Internet Computer (ICP) and other coins. The reason why short trades is very risky is that sometimes exchanges make unexpected huge price pump and dump to liquidate traders and generate profit as a liquidity providers. That happens often on many coins, even on Bitcoin from my experience on Binance.

In futures trading, experienced traders never trade with high leverage, as inexperienced traders use high leverage.
|snip|
Futures trading is so advanced that even experienced traders end up making losses here, because this emotion influences everyone to make wrong decisions. So spot trading is a good option for an investor, because even if a coin is dumped by 20% during the bull market, there is a high chance of recovering it in the spot market, and in futures trading, once it is liquidated, all the funds will be zero.
It's true that many traders lose because of high leverage but sometimes there are moments when prices rise significantly for some seconds and then fall down (this rise is different from spot market prices) and this is the moment when many people, even the ones with very low leverage lose their money.
I think that futures trading is only safer when you use 2x leverage and open a short position with 50%, leaving a room for long position to mitigate loses if price doesn't fall.

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February 09, 2024, 11:36:23 AM
 #45

In futures trading, experienced traders never trade with high leverage, as inexperienced traders use high leverage.
|snip|
Futures trading is so advanced that even experienced traders end up making losses here, because this emotion influences everyone to make wrong decisions. So spot trading is a good option for an investor, because even if a coin is dumped by 20% during the bull market, there is a high chance of recovering it in the spot market, and in futures trading, once it is liquidated, all the funds will be zero.
It's true that many traders lose because of high leverage but sometimes there are moments when prices rise significantly for some seconds and then fall down (this rise is different from spot market prices) and this is the moment when many people, even the ones with very low leverage lose their money.
I think that futures trading is only safer when you use 2x leverage and open a short position with 50%, leaving a room for long position to mitigate loses if price doesn't fall.
Low leverage is definitely a safe way to trade futures until extreme levels of market volatility occur. From my experience, I have lost as many times in futures trading by trading in low marketcap coins and by trading in new coins. So I think if one wants to start futures trading then he should trade in top marketcap coins with low leverage to minimize the possibility of quick account washout.

Because futures trading with the plan to get rich overnight will result in losing funds and exiting the market. A trader can stay in the market for a long time if he has proper money management and applies it properly.

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February 11, 2024, 04:57:55 AM
 #46

Low leverage is definitely a safe way to trade futures until extreme levels of market volatility occur. From my experience, I have lost as many times in futures trading by trading in low marketcap coins and by trading in new coins. So I think if one wants to start futures trading then he should trade in top marketcap coins with low leverage to minimize the possibility of quick account washout.
When you touch leverage, it is start of nightmare, not a safe journey. Because you begin with low leverage but soon by some ways, you will escalate it and use higher leverage. Sooner or later, you will end with being forced liquidated by exchange because of leverages. It's not an happy ending for everyone with a forced liquidation.

Quote
Because futures trading with the plan to get rich overnight will result in losing funds and exiting the market. A trader can stay in the market for a long time if he has proper money management and applies it properly.
With leverages, futures trading types, you will have to pay extra fee than normal trading fee (taker, maker fee) because you will have to make loan to trade with leverage, futures. A longer time you let your position opens, a more extra fee you will have to pay. It will cost you more than with Spot Trading even if your position won't be liquidated.

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February 11, 2024, 11:33:52 AM
 #47

Im good with shorting on binance.
ID like to Open my trading group where followers can donate some rewards afrer few successful signals.
Follow here my short signals to see my work.

Right now i took the short pos MDT/USDT  entry: 0.05380$  my tp would be: 0.053$
I know several trading provider groups who charge small monthly fee for providing trading signals. you can do something like that. but finding people who subscribe to your group would take a lot of efforts and time.
You need to prove that your trading signals are accurate by providing them for free.
Not sure about this forum but social media platforms are best for such activities. specially Twitter.

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February 11, 2024, 12:49:28 PM
 #48

Im good with shorting on binance.
ID like to Open my trading group where followers can donate some rewards afrer few successful signals.
Follow here my short signals to see my work.

Right now i took the short pos MDT/USDT  entry: 0.05380$  my tp would be: 0.053$
I know several trading provider groups who charge small monthly fee for providing trading signals. you can do something like that. but finding people who subscribe to your group would take a lot of efforts and time.
You need to prove that your trading signals are accurate by providing them for free.
Not sure about this forum but social media platforms are best for such activities. specially Twitter.
You can even see lots of trading signals on Telegram channels. some are free and some are paid to get VIP features. Such channels do exist, but I'm not sure there will be many traders who believe in signals now. No matter how good the signal giver is, the most interested ones are new traders who are still having difficulty starting trading well. so the only possible way they can do this is by following the signal channel.
it may help but it is not the best solution for traders. because there are scammers who could make fraud attempts with the signal group.

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cute nmp
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February 11, 2024, 01:37:12 PM
 #49

Shorting crypto is very risky think you should be careful about it . Not every trade will go in your direction personally prefer longing when it comes to cryptocurrencies it is much more profitable for me.

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February 11, 2024, 04:54:04 PM
 #50

Low leverage is definitely a safe way to trade futures until extreme levels of market volatility occur. From my experience, I have lost as many times in futures trading by trading in low marketcap coins and by trading in new coins. So I think if one wants to start futures trading then he should trade in top marketcap coins with low leverage to minimize the possibility of quick account washout.
When you touch leverage, it is start of nightmare, not a safe journey. Because you begin with low leverage but soon by some ways, you will escalate it and use higher leverage. Sooner or later, you will end with being forced liquidated by exchange because of leverages. It's not an happy ending for everyone with a forced liquidation.
Yeah. And that's why futures trading is never advisable for inexperienced traders, and I have seen the dark chapter of futures trading and those futures trading decisions have given me nightmares. I was making regular profits and building a small fund account, but at one point all my decisions started going wrong and I was forced to liquidate. So no one will be able to stay in the market for a long time by  Futures trading without advanced level knowledge, because at one time he sure will face liquidation.

Quote
Because futures trading with the plan to get rich overnight will result in losing funds and exiting the market. A trader can stay in the market for a long time if he has proper money management and applies it properly.
With leverages, futures trading types, you will have to pay extra fee than normal trading fee (taker, maker fee) because you will have to make loan to trade with leverage, futures. A longer time you let your position opens, a more extra fee you will have to pay. It will cost you more than with Spot Trading even if your position won't be liquidated.
When a trader gets stuck in a trade, if he wants to get out of that trade, he has to accept the loss and close the position, otherwise he has to pay the funding fee and due to the deduction of this funding fee, the liquidation price will also come forward, so long-term trade in futures trading. Not profitable at all. Spot trading is always better, a trader will never lose all his funds by liquidated overnight.

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AakZaki
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February 12, 2024, 08:20:12 PM
 #51

Are you kidding me with the Binance Shorting signal?
and expect some reward when it succeeds, then when the signal fails what will you give to those who follow you?
Don't make something silly with signals that are only written in long/short form, you also have to provide guidance and charts for the analysis you are doing. Moreover, you don't have a trading portfolio, you are just like a beginner and a stranger trying to get someone into the trap.
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