You are viewing a single comment's thread from:

RE: Steemit Crypto Academy Contest / S14W5 -Exploring STEEM/USDT Trading .

This was a good contribution. Particularly in terms of decision-making between long and short positions. The emphasis on setting a stop-loss to limit potential losses shows a good risk management approach, and important aspect of successful trading.

I appreciate your acknowledgment of the impact of external events, especially announcements related to STEEM stablecoins, on the trading dynamics of the Steem/USDT pair. The correlation between positive announcements and a subsequent rise in Steem's price is a noteworthy observation. It underscores the importance of staying informed about developments in the Steemit platform and related projects to make informed trading decisions.

Your focus in reducing risk, and awareness of external factors adds a layer of practicality to the trading strategies discussed. Traders can benefit significantly from such information, especially when navigating a dynamic pair like Steem/USDT.
Looking forward to more informative post from you. Keep up the good work!

Sort:  
 7 months ago 

Thank you and I appreciate your time and support.

Coin Marketplace

STEEM 0.19
TRX 0.14
JST 0.030
BTC 64535.04
ETH 3462.08
USDT 1.00
SBD 2.49