Scaling an account from $200 to $200,000 in three years is a remarkable achievement that encapsulates not just the volatility and potential of the crypto markets but also the strategic acumen and psychological resilience of the trader. This journey, while exhilarating, is fraught with new challenges and learning curves
The cryptocurrency market is renowned for its volatility and the incredible opportunities it presents. One such opportunity is the use of leverage in trading crypto perpetual futures, a tool that can turn modest investments into significant sums. In this article, I explore a real-life example of how I used leverage
Introduction For newcomers to trading or investing, deciphering charts can often seem like navigating a labyrinth. Some may opt to trust their instincts, basing investments on gut feelings. While this approach might yield temporary success in a bullish market, its long-term efficacy is doubtful. Trading and investing are essentially about
A crypto perpetual futures trading journal is a comprehensive record that tracks all aspects of your trading activities in the cryptocurrency futures market. Unlike traditional assets, crypto perpetual futures offer unique challenges and opportunities, given their leverage options and the absence of expiry dates. This journal goes beyond mere transaction
In the realm of investment, the concept of a Dividend Reinvestment Plan (DRIP) has long been heralded for its ability to harness the power of compounding, allowing traditional stock investors to steadily grow their wealth by automatically reinvesting dividends into additional shares. This principle of reinvestment and compounding can be
Unlike traditional futures, perpetual contracts do not expire, allowing traders to hold positions for as long as they like. However, this flexibility comes with a unique mechanism known as the "funding fee" or "funding rate," which serves to align the futures contract price with the underlying
In the ever-evolving landscape of financial markets, leveraging technical indicators has become a widespread strategy among traders aiming to predict future market trends. Among the plethora of tools available, the Relative Strength Index (RSI), Moving Averages (MA), Moving Average Convergence Divergence (MACD), Stochastic RSI (StochRSI), and Bollinger Bands stand out
In the fast-paced world of cryptocurrency trading, perpetual futures markets offer traders the opportunity to speculate on the future price movements of cryptocurrencies without an expiry date. To navigate these markets effectively, traders must understand the various order types at their disposal. These order types not only facilitate sophisticated trading
In the realm of global remittances, the advent of blockchain technology and stablecoins like USD Coin (USDC) is a game-changer, especially for transactions between developed and developing countries. Let's explore a tangible example that illustrates the profound impact of this innovation: an individual in the USA sending $1000
In an increasingly digital world, the way we manage and transfer money is undergoing a revolutionary transformation. At the forefront of this financial evolution is USD Coin (USDC), a stablecoin that merges the stability of the US dollar with the efficiency of blockchain technology. This innovation is not just a
The concept of leverage in crypto trading, especially within the perpetual futures markets, can transform modest investments into significant positions. However, it's crucial to navigate these waters with a deep understanding of the mechanics involved and the risks at play. Reflecting on a question from a reader, it
I recently navigated through a series of trades that underscore the importance of data-driven decision-making. Here, I share a detailed review of my trade execution strategy, the rationale behind each decision, and how I integrated various data points and technical analysis tools to optimize my trades. Entry Strategy: Timing the