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Imagine these two scenarios:
Scenario 1: You confidently enter a Long operation, you know it will go up, you have no doubts, but as soon as you start, the chart begins to drop and you watch as you start to lose money. You know that at some point the operation will reverse and you just need to be patient and wait... or not. Your margin might not give you the time to wait and you end up being liquidated, so you sweat, think, curse Binance, and feel anxious, and in the end, you decide to wait and watch your money dwindle. You look to the sky but it's too late, it's over; you hadn't even placed a Stop Loss because your confidence got the better of you. Now you are alone, staring at your screen and seeing how it finally started to rise but you have nothing left to trade again... you cry.
Scenario 2: You look at the candles and have doubts, you don't know if it will go up or down at this moment, whatever it is, you must enter, you can't waste time so you go for the safest option, you enter Short and start seeing a green candle, you exit quickly from the operation, you barely lost 0.78 and quickly enter Long to see how the candle turns red and starts to drop. You were right, you should have waited, you tell yourself, and close with a small loss of 1.32 and enter again in Short. This time the candle is finally red and shows a small profit but now you don't know where it will go... you place a Stop Loss just in case and watch everything go straight to your Stop Loss... you don't know if you should enter again, you're confused, you think this isn't for you.
What if you could have opened a contrary position just in case? You would make money while it drops and then wait for it to rise with more peace of mind. Well, that exists and it's called Hedge Mode.
To activate this feature in Binance, go to the Futures screen and, in the upper right corner, click the three dots (…). Access Preferences → Position Mode / Position Details and select Hedge Mode.
If you have any questions, ask me and I'll help you.
@KiuTrades #KiuTradesAcademy #LegionKiuTrades
$BTC $LYN
Scenario 1: You confidently enter a Long operation, you know it will go up, you have no doubts, but as soon as you start, the chart begins to drop and you watch as you start to lose money. You know that at some point the operation will reverse and you just need to be patient and wait... or not. Your margin might not give you the time to wait and you end up being liquidated, so you sweat, think, curse Binance, and feel anxious, and in the end, you decide to wait and watch your money dwindle. You look to the sky but it's too late, it's over; you hadn't even placed a Stop Loss because your confidence got the better of you. Now you are alone, staring at your screen and seeing how it finally started to rise but you have nothing left to trade again... you cry.
Scenario 2: You look at the candles and have doubts, you don't know if it will go up or down at this moment, whatever it is, you must enter, you can't waste time so you go for the safest option, you enter Short and start seeing a green candle, you exit quickly from the operation, you barely lost 0.78 and quickly enter Long to see how the candle turns red and starts to drop. You were right, you should have waited, you tell yourself, and close with a small loss of 1.32 and enter again in Short. This time the candle is finally red and shows a small profit but now you don't know where it will go... you place a Stop Loss just in case and watch everything go straight to your Stop Loss... you don't know if you should enter again, you're confused, you think this isn't for you.
What if you could have opened a contrary position just in case? You would make money while it drops and then wait for it to rise with more peace of mind. Well, that exists and it's called Hedge Mode.
To activate this feature in Binance, go to the Futures screen and, in the upper right corner, click the three dots (…). Access Preferences → Position Mode / Position Details and select Hedge Mode.
If you have any questions, ask me and I'll help you.
@KiuTrades #KiuTradesAcademy #LegionKiuTrades
$BTC $LYN
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