the daily degen 🦍(10nov23)
handle.fi daily trooper update
todays markets
market news
😴stock futures are flat thursday night after higher bond yields spur sell-off.
🚀blackrock's ethereum ETF plan is confirmed in nasdaq filing.
📈bitcoin tops $37K for first time since may 2022 as short squeeze bumps prices amid BTC ETF optimism.
📜celsius network payment plan approved by new york judge, now it’s up to the SEC.
🎈crypto stocks soar on market rally, solid earnings reports.
crypto fear and greed index
trooperGlossary: margin trading 📚
margin trading is a method of trading assets using funds provided by a third party.
in contrast to traditional trading accounts, margin accounts allow traders to access greater sums of capital, enabling them to leverage their positions. essentially, margin trading amplifies trading results so that traders are able to make larger profits on successful trades. however, this also comes with a caveat: the potential for higher losses in trades that do not go as expected.
when a margin trade is initiated, the trader is required to commit a percentage of the total order value. this deposit is known as the margin. it’s crucial for traders to remember that while margin trading can boost investment power, it also increases potential risks. it is not suitable for everyone and requires an understanding of market mechanics, as well as the ability to tolerate high levels of risk and the potential to sustain significant losses.
around the X-verse… (formerly the twitterverse)
we are so back 💪🏼…
not today JPOW 🙉…
give the degens what they need!! 🎰…
trade ideas
trade: short USD/ SGD
in september, the USD/ SGD pair made a decisive break from its 2023 trading range of ~1.32 to ~1.36.
after initially finding robust support above the former resistance, it capitulated last week, tumbling back into its prior range. with the price now retesting this key level, it may be time to think about selling the USD/ SGD from 1.36. the potential target for this could be 1.32, which previously acted as support.
#NFA #DYOR
website: handle.fi
twitter: twitter.com/handle_fi
discord: discord.com/invite/nbSdYCDGhh