[![Screenshot_20200803110210.jpg](https://files.steempeak.com/file/steempeak/bsfmalaysia/JMjwF8aq-Screenshot_20200803-110210.jpg)](https://www.binance.com/en/register?ref=VSEJD2PL)

I've spent thousands of dollars in courses and liquidated three wallets (in three exchanges, namely Bitmex, Binance, and Bitseven). I stopped trading for a few weeks in July to reflect on my previous mistakes and crafted a solid learning plan:

1. Always have liquidation price that's "unrealistic" (price level that is unlikely to reach in the timeframe you're trading) for every position.  NEVER put more than 10% of your wallet into a position in Cross mode no matter how sure you "feel" the market is going to trend. Every liquidation I had was position that I "felt more than 80% sure could win".
2. Follow trades and learn.
3. Participate in highly active trading group chats, exchange ideas and slowly craft your own strategy. 




[![Screenshot_20200803110210.jpg](https://files.steempeak.com/file/steempeak/bsfmalaysia/JMjwF8aq-Screenshot_20200803-110210.jpg)](https://www.binance.com/en/register?ref=VSEJD2PL)

# HODLing vs Trading

The most popular high-yield cryptos investment is, realistically speaking, HODLing. 

Active trading can in theory let you tap more profits from cryptocurrencies’ volatility, but only 10% of traders can achieve it in the long run.

https://steemit.com/palnet/@bsfmalaysia/i-only-trade-bitcoin-and-ethereum-actively-at-the-moment-as-they-have-greater-market-capitalization-and-lower-funding-rate-for



# Trading Journey 


# 2020 Trend Analysis

https://steemit.com/upfundme/@google-maps/anticipation-of-stock-market-crash-due-to-the-covid-19-outbreak-has-led-many-people-channeling-money-into-safe-haven-type-of The uptrend can, in my opinion, continue well into the level of $16,000 but unlikely beyond $20,000 by the end of year 2020. On the other hand, with the real-world economy further shrinking due to prolonged lockdowns, retraction back below $10,000 is also likely within the next 6 months.


https://steemit.com/upfundme/@crowdwisdom/as-of-now-august-2020-a-major-correction-of-ethereum-back-to-level-below-usd200-is-likely-in-coming-months-the-recent-spike-in Once the hype dies down, we’ll start seeing ETH retracting in steps.

Whereas for Bitcoin, most likely it can hold above $10000 in the next few months. But with the global economy shrinking further due to COVID-19, retraction to levels below $7000 is very likely before the end of this year (2020).




[![](https://d1vof77qrk4l5q.cloudfront.net/img/cd1c0fefd77ce9a71df5d64b5ba608e01c190a35.jpg)](https://www.binance.com/en/register?ref=VSEJD2PL)



'__________________________________________
# 10% DISCOUNT on Transaction Fees and FREE Daily Professional Trading Tips || 10%期貨交易費回扣以及免費每日專業交易貼士
'
Register for a Binance account using this link: https://www.binance.com/en/register?ref=VSEJD2PL and send an email to tradegether@gmail.com with your registered email to obtain code for another 10% DISCOUNT on transaction fee for Perpetual Futures Trading and FREE Professional Daily Trading Tips.
用此鏈接註冊幣安戶口: https://www.binance.com/en/register?ref=VSEJD2PL 然後電郵至 tradegether@gmail.com 以獲取 10%期貨交易費回扣以及免費每日專業交易貼士

https://facebook.com/groups/tradegether



'_____________________________________________
Follow my trade on Coinbene 一鍵跟單:
https://registered.yiyingjuquan.top/auth/register/phone?hash=3N0JsJd