Ranging between $58000 and $61000

[snowpega]

I do not trade in derivatives but yes I am tempted by the price of alts that I already hold and now after seeing their prices so down that I could buy 10x of the coins I bought earlier with half of the payment. So that's why when I look at the price of such alts I think of buying them again at a cheaper rate.

but I know my limits and I will only take my average down a bit so I will only buy which is enough.
....

I think we had a familiar conversation regarding this matter in some other thread a week ago here on this forum, or maybe another one, right? Well, if I tell you about my condition right now, I am also at a loss in all of my altcoin investment holdings. Haha, I am not holding any shitcoin at this moment because all of them are ranging from top 10 to top 30. But sadly, not all of them performed what I expected, haha, and right now they are all undervalued.

Well, some days ago I took entry in some of them so that I can set my average buying to a more lower level so that I can be able to recover my altcoin investment if the market shows some recovery in the coming time. Aside from this, my investment in Bitcoin really did what I expected from it, but I could catch the all-time high of BTC as well because I needed funds for some work, but the good thing is that when I took an exit from its market, I was in profit.

[passwordnow]

I think that many forget about those trading rules that you've mentioned. What matters most of them is about putting the money and just trade it however it goes. And with the explanation you've said on how much we should put at risk as an example, that's a better way of trading and that's not blind trading. Compared to the others who just increases their leverage because they think that the timing is perfect, that lacks of basis per se.

I don't think they forget, but I believe they are unaware that the exchange's coins have trading rules, which they never read or check. 
What they do is trade directly, with no calculation. At least they keep the leverage low, like x3 but they don't understand the discipline and risk management, which is crucial when trading. Those who never study trading will never reach their goal to be profitable if they just randomly trade with no calculation. Risk-reward ratio, win rate... all of them matters to calculate the risk and the amount you could possibly make after a week or a month or yearly.

I know lots of us here never study trading, but I already share almost all sources of guides to learn trading, and it should include these calculations because in the long run we are targeting to be profitable with the right system, not a gamble.

Yeah, that's what happen. They trade directly without calculation. All eyes are on the actual profit and not with those rules that you've said. The calculation of risk is very important if you're a trader who does it a lot often. And thanks for sharing all of those resources about trading and learning about it. Because what's the basic knowledge about it is just the usual buy low and sell high but they're unaware there's more to it.

[Faisal2202]

I think we had a familiar conversation regarding this matter in some other thread a week ago here on this forum, or maybe another one, right? Well, if I tell you about my condition right now, I am also at a loss in all of my altcoin investment holdings. Haha, I am not holding any shitcoin at this moment because all of them are ranging from top 10 to top 30. But sadly, not all of them performed what I expected, haha, and right now they are all undervalued.

Well, some days ago I took entry in some of them so that I can set my average buying to a more lower level so that I can be able to recover my altcoin investment if the market shows some recovery in the coming time. Aside from this, my investment in Bitcoin really did what I expected from it, but I could catch the all-time high of BTC as well because I needed funds for some work, but the good thing is that when I took an exit from its market, I was in profit.

I started a topic on other forum regarding my portfolio so maybe you shared your opinion there. I read all but I have to check it again to refresh my memory a bit.

Many alts even in the top 10-30 are underperforming. The reason is BTC, and other assets that have digested the liquidity. Once the liquidity will rotate into the alts, I am sure yours will also move up. I am counting on mine which are not even in top 30, like most of them are not in top 30.

I have still not taken any entry in my alts to down their average. I have to manage some capital, only then I can do something. The benefit here is, I have some time as bear market is not going anywhere.

[Hamza2424]

I noticed traders that are trading since bitcoin decrement to $58000 are enjoying right now because bitcoin has been ranging between $58100 and less than $61000 since that time up till now. Today is the fifth day since the ranging began between these prices.

We are moving towards new month already, my advice is that people should just be very careful and not relaxed with the high leverage that can liquidate your trading account.

Were you tempted recently increasing leverage? I asked this question because I was tempted and which is not good.

Nop, I am only tempted when I am having a bad day, I open a futures trade and make profit haha. It is like smoking cigarettes when you are exhausted but I do not do it regularly. So I am not addicted.

The temptation you are talking about of taking high leverage to win a big profit is more like gambling, and yep gambling has never been good. Because we do not care about the risk over reward ratio. We only care about our gut telling us take the red pill.

We take it and we lose it all.

That's why no one should be tempted, especially if they are in futures. Like right now, many traders must be expecting a downtrend, so they will open short and what if btc pumps and liquidates them! Therefore do not trade in futures, but the real solution is not this, as I do not prefer futures that's why I am saying this but if I would have been doing it, I will manage my capital and risk to reward ratio first. That is enough.