{"id":12920,"date":"2022-08-25T07:00:46","date_gmt":"2022-08-24T23:00:46","guid":{"rendered":"https:\/\/www.smallcapasia.com\/?p=12920"},"modified":"2022-07-29T20:50:16","modified_gmt":"2022-07-29T12:50:16","slug":"trade-profitably-in-sideways-or-down-crypto-market","status":"publish","type":"post","link":"https:\/\/www.smallcapasia.com\/zh-hant\/trade-profitably-in-sideways-or-down-crypto-market\/","title":{"rendered":"Trade profitably in sideways or down crypto market!"},"content":{"rendered":"
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Excerpts from CareYourPresent \u2013 a crypto enthusiast<\/em><\/p>\n

Learn how to trade profitably in sideway or down crypto market<\/h2>\n<\/div>\n
<\/div>\n
\"FTX\"<\/div>\n
If you notice the Crypto Market trends recently, it has been sideway trading in a range. There will be sharp movements eventually but meanwhile you can do some trading to earn some profits \"\ud83d\ude42\"<\/div>\n<\/header>\n
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To do so, one need to know how to long\/short the coins. If one only know how to long, you can\u2019t trade to earn in the crypto winter.\u00a0Most people are long only investor, be it stocks, reits, etf, unit trusts etc.<\/p>\n

However, to survive and thrive in rough market, one should equip themselves with more financial tools and knowledge. I won\u2019t cover shorting using things like options like TradiFi (of course some DeFI site in Crypto offer options too, but I won\u2019t cover this for now).<\/p>\n

How to trade profitably using Perps in FTX<\/h2>\n

Back to Crypto, many people only know how to buy the coin and long the coin. But how do we short to earn?\u00a0One of easiest method would be using using Perps in FTX<\/strong>.<\/p>\n

What are Perps? I won\u2019t explain this in details but you can spend sometime to the details via\u00a0FTX<\/a>\u00a0for more information. In a brief summary, you can leverage long or leverage short OR simple long or short coins via perpetual future derivatives.<\/p>\n

One very important key point to note is FTX supports up to 20x leverage.\u00a0 You can adjust your maximum leverage on the settings page.\u00a0 Note that the maximum allowable leverage on FTX is lower for large positions.<\/em><\/p>\n

Hence if you leverage, please manage your risk carefully Recently I have completed a fast scalping trade using BTC perps in order to demonstrate how to use FTX. I have leverage 20 times and trade with 50 points drop in BTC to earn 4% within 2 days.<\/p>\n

\"trade<\/figure>\n

Sharing the steps to short using FTX<\/strong><\/h2>\n

Step 1: Login to your FTX and find BTC Perps to trade.<\/p>\n

\"Trading<\/figure>\n

Step 2: If I want to short BTC at 21300 and take profit at 20000 (stop loss at 23000) using $100, you can key in the following.<\/p>\n

\"FTX<\/figure>\n

You can view\u00a0CareYourPresent<\/em> website here<\/a><\/em> for more details and other crypto forecast here<\/a><\/em>. We were spot on again when we said BTC will bottom out on 13 July. Did you buy on that day?\u00a0<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Excerpts from CareYourPresent \u2013 a crypto enthusiast Learn how to trade profitably in sideway or down crypto market If you notice the Crypto Market trends recently, it has been sideway trading in a range. There will be sharp movements eventually but meanwhile you can do some trading to earn some profits To do so, one […]<\/p>\n","protected":false},"author":36,"featured_media":12923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1,925],"tags":[508,1679,1813,1835,1961,1967,1970,1977,2101],"class_list":["post-12920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-crypto","tag-crypto","tag-crypto-winter","tag-moon-phase","tag-crypto-defi","tag-crypto-bear-market","tag-crypto-astrology","tag-crypto-market","tag-ftx","tag-trade-crypto-profitably"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/posts\/12920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=12920"}],"version-history":[{"count":3,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/posts\/12920\/revisions"}],"predecessor-version":[{"id":12924,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/posts\/12920\/revisions\/12924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/media\/12923"}],"wp:attachment":[{"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=12920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=12920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=12920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}