📈💻💹💰📊 Description of my trading operations in the cryptocurrency market ( futures ).
1. The general context of the agreement.
I executed an independent trade in the futures market on the Gate cryptocurrency exchange in the BTC/USDT trading pair. Position type - short (short).
The trading decision was made with consideration of the high volatility of Bitcoin and my current level of expertise. My main priority is risk management and capital preservation, rather than aggressively increasing profits.
2. Entry logic into the position.
I entered a short position at a price of 88,967.6 USDT.
The decision to open the position was based on the expectation of short-term price movement and the possibility of achieving a moderate profit without holding the position for an extended period. I deliberately chose a short position, as at this stage I do not see the benefit of holding long positions without sufficient in-depth market analysis.
3. The logic of getting out of the situation.
I exited the position at a price of 89,531.5 USDT.
The trade was closed immediately after the profit appeared, without attempting to hold the position waiting for maximum price movement. This approach is associated with an understanding of the high volatility of the cryptocurrency market and a reluctance to expose capital to additional risks.
My strategy involves securing the outcome once the planned minimum profit is achieved, even if the price movement potential has not yet been exhausted. A bird in the hand is worth ten in the tree!
4. Risk Management and Strategic Approach.
In my trading, I adhere to a short-term futures strategy with conservative risk management, which includes:
•Make independent trading decisions without copying others' trades;
•Avoid excessive risks and exaggerated expectations;
• Focusing on a stable positive outcome despite being small.
•Avoid holding positions for extended periods in an unstable market environment.
5. The result and PnL.
As a result of this transaction, I documented a positive PnL.
The profits were moderate, but they were entirely in line with my business objectives and the chosen strategy, which is primarily aimed at gradual and monitored growth of the business capital.
6. Conclusions and Lessons Learned.
This agreement has confirmed to me the necessity of adopting a cautious approach in futures trading:
• Discipline and timely registration of profits are essential elements in successful trading.
•It is not necessary to "pay" every movement in the market to the fullest;
•Preserving capital is more important than pursuing large but unstable profits.
7. Disclaimer.
The business operation you described is intended only for the exchange of experiences and is not financial advice. Each trader is responsible for their trading decisions.
Glossary of Terms:
1) Disclaimer - A formal warning stating that the information provided is for educational purposes only and is not an invitation to act or financial advice. In trading, a disclaimer is essential to highlight that each market participant is responsible for their own decisions.
2) Futures contracts - are financial contracts that allow opening positions on the rise or fall of the asset's price without actual ownership of it. Profit or loss depends on the price change.
3) Short ( The short position ) is a type of trading position through which profit is achieved when the price of the asset decreases.
4) Long ( is a type of trading center, where profits are formed when the price of the asset rises.
5) BTC/USDT — A trading pair where Bitcoin )BTC( is traded against the stablecoin USDT.
6) PnL ) Profit and Loss ( — the financial result of the trade, that is, the profit or loss after it is closed.
Volatility — the degree of price change of an asset over a specific period of time. High volatility means sharp and frequent price changes.
8) Risk Management ) — A set of rules and methodologies aimed at minimizing potential losses and preserving trading capital.
) Profit Lock - Closing the trade with a positive result to preserve the income already earned.
(
))
#GateChristmasVibes #ShareMyTrade $BTC $BTC
1. The general context of the agreement.
I executed an independent trade in the futures market on the Gate cryptocurrency exchange in the BTC/USDT trading pair. Position type - short (short).
The trading decision was made with consideration of the high volatility of Bitcoin and my current level of expertise. My main priority is risk management and capital preservation, rather than aggressively increasing profits.
2. Entry logic into the position.
I entered a short position at a price of 88,967.6 USDT.
The decision to open the position was based on the expectation of short-term price movement and the possibility of achieving a moderate profit without holding the position for an extended period. I deliberately chose a short position, as at this stage I do not see the benefit of holding long positions without sufficient in-depth market analysis.
3. The logic of getting out of the situation.
I exited the position at a price of 89,531.5 USDT.
The trade was closed immediately after the profit appeared, without attempting to hold the position waiting for maximum price movement. This approach is associated with an understanding of the high volatility of the cryptocurrency market and a reluctance to expose capital to additional risks.
My strategy involves securing the outcome once the planned minimum profit is achieved, even if the price movement potential has not yet been exhausted. A bird in the hand is worth ten in the tree!
4. Risk Management and Strategic Approach.
In my trading, I adhere to a short-term futures strategy with conservative risk management, which includes:
•Make independent trading decisions without copying others' trades;
•Avoid excessive risks and exaggerated expectations;
• Focusing on a stable positive outcome despite being small.
•Avoid holding positions for extended periods in an unstable market environment.
5. The result and PnL.
As a result of this transaction, I documented a positive PnL.
The profits were moderate, but they were entirely in line with my business objectives and the chosen strategy, which is primarily aimed at gradual and monitored growth of the business capital.
6. Conclusions and Lessons Learned.
This agreement has confirmed to me the necessity of adopting a cautious approach in futures trading:
• Discipline and timely registration of profits are essential elements in successful trading.
•It is not necessary to "pay" every movement in the market to the fullest;
•Preserving capital is more important than pursuing large but unstable profits.
7. Disclaimer.
The business operation you described is intended only for the exchange of experiences and is not financial advice. Each trader is responsible for their trading decisions.
Glossary of Terms:
1) Disclaimer - A formal warning stating that the information provided is for educational purposes only and is not an invitation to act or financial advice. In trading, a disclaimer is essential to highlight that each market participant is responsible for their own decisions.
2) Futures contracts - are financial contracts that allow opening positions on the rise or fall of the asset's price without actual ownership of it. Profit or loss depends on the price change.
3) Short ( The short position ) is a type of trading position through which profit is achieved when the price of the asset decreases.
4) Long ( is a type of trading center, where profits are formed when the price of the asset rises.
5) BTC/USDT — A trading pair where Bitcoin )BTC( is traded against the stablecoin USDT.
6) PnL ) Profit and Loss ( — the financial result of the trade, that is, the profit or loss after it is closed.
Volatility — the degree of price change of an asset over a specific period of time. High volatility means sharp and frequent price changes.
8) Risk Management ) — A set of rules and methodologies aimed at minimizing potential losses and preserving trading capital.
) Profit Lock - Closing the trade with a positive result to preserve the income already earned.
(
))
#GateChristmasVibes #ShareMyTrade $BTC $BTC
