RE: Trade Mania : A Scalping Cookbook!

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Many moons back, when I was a kid trading Jap Yen, I used to do something similar to this. Currency typically trades anywhere from 50X - 200X leverage. I typically used to trade at 100X leverage (I know! its Haram! :)); but the volatility is similar. My point is that it is a perfectly workable strategy. Any strategy can be workable for that matter (withing reasons of course), but there is only one cautionary item I will tell you, and you already got a hint of it. But still saying it in a sentence so that I hammer it home :)

If you sell a position; you don't have it anymore.

I know I have said that on discord several time. But think about that statement a bit deeply. It is not so much applicable for hive, but it is highly applicable for anything in a strong bull market, which lot of the crypto currently is. It is easy to say that statement, but hard to execute, even for me :)



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I totally agree dada, but it's very difficult to implement merely because I don't have enough capital to lock up all of it. But you know, I'm always looking for solutions :D My solution to this is (tell me if I'm doing it wrong), First, I am pointing out a few coins to always keep my position no matter price goes up or down. I already have ETH on the list, you know that. Now I have BNB too. So now every time I exit a trade, I'm taking $15-20 and buying a portion of something I want to hold and the rest of the amount goes into another trade.

I know by doing this, my cost average might be higher than the current market price given how everything is going up, but I will have something over a period of time rather than not having any of it because of "not having enough capital."

The solution to not having enough capital is something you have told us countless times, Write! Just got to stop being a lazy Bum!

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