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RE: Leverage With Derivatives Trading Using 5 Min Chart ]-Steemit Crypto Academy | S6W1 | Homework Post for @reddileep
Hello @chimezunem001 ,
Thank you for participating in Steemit Crypto Academy season 6 week 1. You achieved a Total | 7/10 in your task according to the following scale.
| Criteria | Grade |
|---|---|
| Originality | 1.5 / 2 |
| Compliance with topic | 0.5/1.5 |
| Consistency of method | 2 / 2 |
| Quality of analysis | 1 / 2 |
| #club5050 | 1/1 |
| Clarity of structure and language | 1 / 1.5 |
My Review:
- You tried to explain everything in your words but you failed to explain important things regarding the topic in the first question such as how to do the leverage and profit and loss on it works
In disadvantages, you failed to explain the cause of liquidation.
You've explained both the indicators very well but you didn't explain the real strategy to gain in a reversal of market and how to identify reversal through it. And in my opinion, using RSI only with no other predictor indicator is dangerous for futures or leverage trading.
- In the last question, you did show your order but you didn't show how did you identify it and what was your strategy. You neither show your trade details and your order detail, nor the closing of your trade. That's why your last answer was totally unsatisfactory
We thank you for your effort and welcome you to the next assignment with the removal of your mistakes in this assignment
Thank you
regards,
@abdu.navi03