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.
Compared to me, you now have a very good entry price for a long on futures.
You need to know this!!! ⚠️
I always accumulate my position! 📈
Respect my liquidation price! 🛑
Don’t rush / Don’t be greedy! ⏳💰
I only lose a position if there’s a market anomaly or the coin gets delisted. 🚨
All my positions are open on my copy-trading account.📊
STREAM - 7/7 - 13:30/23:50 UTC+1🎬
Wellcome ! 🎉