Crypto trading give you opportunities to become rich but also in crypto trading there are many horror realities are hidden. If you're a new trader or a old investor the crypto market is anytime against you in seconds.
FAQ:
Why this is the biggest nightmare?and how you protect your account?
Forced liquidation is a quite account murder. For leverage and future traders liquidation is a biggest fear because when you use more leverage like 20x or 50x when 2% or 5% smallest price are dropped and the exchanges are forcefully closed your trade. When the market is fell down fastly when thousands of peoples accounts are wipe out and the prices are also fell down quickly which is the biggest fear of traders or investors. In some cases getting emotions in trading are finished your account.
(FOMO) Fear of missing out when you are greedy for more profits and you buy on peak market when the market is already pump which is the cause of loss in trading. Selling your investment at its lowest possible price doing it because you got scared when prices suddenly crashed making your losses permanent. Doing all of this just before the prices start rising and healing again.
When market become crash the buyers and sellers are finished during this time a sudden price drop causes your Stop-Loss to execute late and your additional balance is also wipe out.
FAQ: How to survive the nightmare?
Don't take entry in risky trade anytime without stop-loss. Always leverage keep it low 2x or 5x . If you don't take a risk of liquidation you just trade on spot trading. In one trade you don't take a 1% to 2% higher risk on total capital.
Results: Market drops and liquidations are part of crypto, but bad risk management turns it into a real nightmare if you control your emotions and risk, you can easily survive any market storm.
Disclaimer: I just share my opinion and my own thoughts in this article on the base of educational purposes this is not a financial advice you research first about this article and than take a step.
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