• Market Analyst || • Crypto and Global Economic News Provide || •Sharing My Personal Opinion and Not Financial Advice || Let's Learn and Grow Up Together 🤜🤛
Today I'm still traumatized by the market. I'm scared I'll get turned into exit liquidity again. My PNL is in the red right now. I don't want to be the fool played by the whales anymore.
I already told the AI agent narratives was only hype. The thing is the implementation was not good enough. Especially the one that claim "help" you for trades. And $SIREN back to $0.1 And I glad I executed short at $VELVET also. even though my total PNL still on minus at least these still makes me happy.
3 consecutive day surging, I don't believe nobody Will not take profit. At least they need to reach $1.1 again to reach more buying order$VELVET {future}(VELVETUSDT)
This morning I already discussed #TradebStocks How its features work... Plus my experience back when I was trading stocks.
Ah... old school method. Go to a securities firm. Open a stock exchange account...
Just YTTA... lol
Now I'm trying it out directly. In the menu, there's also a note on slippage. Crazy... Binance really upgraded. They tell you how much the slippage is. Back in the day, when trading regular tokens in spot, there was none of that, lol..
Now I opened the chart $NVDAB No problems.. Just a standard display. Like trading in general. In my opinion, it's friendly for traders who are already used to the blockchain. Even if you've never traded stocks, I think you can figure out the interface.
Earlier I tried to buy stocks since the price was down too. Bought $8. Minimum is $5, so I went a bit over, lol.
I used a limit order. But not sure if it was my bad network or what, the limit entry was delayed.
This is the only issue I encountered.
To check if my order has gone through, I checked Binance's PoC. Thank God it was safe.
Also, I tried transferring my Nvidia tokens via the BSC network, and that went smoothly. I tried moving my tokens from the exchange to my wallet in Metamask.
All good.
Just have to pay gas fees, though.
My suggestion is maybe they could add more pair options along with bstock. Not just USDT. Because we know EU users can't use that.
That's about it from me. Unique experience this time. Because I rarely want to step into the stock sector, lol.
I still remember back in the day when buying stocks was a hassle... going to the brokerage, opening an account, and the waiting time was just unbearable!
Now, Binance just launched Bstocks. I can now buy American stocks without any time restrictions, no need to queue at the teller.
The features are pretty user-friendly in my opinion. Especially for those who are all about blockchain and have never dealt with stocks. It's just like buying tokens, man. But this isn't just any token. Not like those meme coins that change names a bit and slap the founder's logo on it. lol.
Each token is backed by real stocks 1:1. So if you buy 1 $NVDAB , you get 1 share of Nvidia. The tokens themselves are created on the BSC network. So you can also transfer them to your personal wallet if you... don't trust keeping them on the exchange.
Buying is quick too. Just seconds. Back in the day, buying stocks would take a whole day. Sometimes even longer.
For regular stocks, how much you can buy depends on the broker. But with Bstock, it’s different. You can get tokenized stocks starting from just $5.
Sounds great, but isn’t there any risk?
Yes, there is.
What you’re buying is a token. Not the actual stock. So you don't have any say in the company's direction. You just get exposure to the stock's value. If the stock goes up, you profit. If it goes down, you lose.
In my opinion, the features are comfortable. As for security, it’s still a bit gray area for me. Well, it’s a high-risk asset after all.
But if it’s truly backed 1:1, it should be safe, right?
If it’s not fast, then it’s fast to lose money.
It all depends on your personal choice, I’d say. When to execute your TP is up to you. For those looking to profit while gaining experience trading stocks but are too lazy to open a brokerage account, this is worth a shot.
But those who shouldn't mess around, don't try anything risky lol.
Lot of AI narratives pump more than 20% per day like $SKYAI or $AIO
But I'm looking this $UAI still dont get his momentum yet. If we take a look on weekly candle, They are pretty strong. Moving in such a uptrend channel and if we take a look on bitcoin and other top coin which get corrected lately, they have pretty consistent in their bullish momentum.
What you guys think?? Will UAI gets their momentum also?