MXC AMA Recapitulation-Trading master:From Zero to Hero
Yity@MXC
Guest: TRADING MASTER,●CC● | Elrond
Host: Molly
Introduction:
CC:
Hello and again Good evening everyone. I am Jeremiah Ferrer from the Philippines.
I am an MXC Exchange Trader since 2019 and i would be so much glad to join our AMA today. Its a great privilege to be here with all of my co-MXC users across the globe.
I am always excited during any AMA, but to be the AMA guest doubles the excitement!
Let's just enjoy this night guys! Much Love ❤️
questions about the guest:
Molly: Q1.Let's start the question from the beginning of your journey with MXC.When and why did you create an account on MXC exchange?
CC:
I have joined MXC Exchange last December of 2019. Someone invited me to our MXC Filipino local group because there was an invitation campaign. At that time, im still very ignorant. What is this MXC? Until i found out its very large community of traders accross the globe.
So i just said to myself. What if i choose this opportunity to gain more crypto knowledge and earnings with MXC? Until i created my account and joined a lot of exciting events like AMA's, Trading competition, Giveaways, etc...
I've joined MXC Exchange because of the best opportunity that was as clear as crystal it can bring to me, and i have never regret that best decision!
Molly:
cool, so you also joined the invitation campaign last December?😉 I notice you are active in many events.
CC:
Yes indeed! I did not hesitate to join any event offered by MXC that time and the decision is good, i've won most of it! :)I also love the motivation from our local admins! To mention, @Namokaeh @mayffie and @Rapbehngers11...
Molly: Glad to have you! One of our fans has got a great theme of today's AMA to describe you.There are awesome admins!
CC: That would be so cool! :)
Molly: Do you want to know what's this?
CC: Sure Molly! I would love to hear
Molly: "From 'Zero' to 'Hero'". Pretty cool!
CC: They never stop pushing us to our limits :) Wow! That's really overwhelming to my part! Thanks a lot! :)
Molly: hope you like it☺️
CC: The motivation is piled again!
Molly:Q2.What was the best trade you have ever made?
CC:
Wow. A very nice question Molly!
Actually i just finished my college this year and my earnings from MXC Exchange helped me also with my school expenses. So i really appreciate the opportunity they gave to each member especially to traders like me.
At this adolescent age, To have a profit of at least $250 in one day is really unforgettable. Yes, cause like what i always say last time here in our group, "Im just a small time trader, i can invest small so i expect small profit too." But that particular time when i made my trade on ETF pairs in combination with newly listed coin, ive just made a memorable of gain of $250 in one day (from scalping).
Having not enough knowledge in professional trading (where most traders use chart and trend analysis), that $250 would always be unforgettable.
It really helped me in finishing my studies. My highest gain so far in 24 hours scalping
Molly:Q3.What mxc trading features you usually trade? And which one would you like to recommend to other MXC users?
CC:
Actually there are lots of amazing trading features in MXC Exchange just like the one which is in great promotion today, the Margin trading.
For the MXC Trading features during my first trades, I usually engage with the ETF and FTX coins which i made most of my profit. Since market is very unpredictable, at least these ETF's and FTX's can still maximize our profit and can ensure non-100% liquidity either market moves upward or downward.
I also engage with newly listed coins in MXC, especially those launched during M-Day as they are really potential in scalping just like the last one where i got most of my profit - "UTI"
Right now, i am still learning how to make sure profits with Futures and moat especially Margin trading since i know that these are more upgraded way of trading.
Molly:Q4.What qualities do you think make a good Trader?
CC:
Wow! Would be glad to share my insight about that :)I believe there are two kinds of traders: One is bad trader and the other one is a good trader.
Simply, a bad trader is a greedy one. If he is already on satisfiable profit, he greeds for more and in the end can mostly turn out as losser.
For the other one. The qualities of a good trader i think is Wise, Patient but Makes Stop Loss and Never Gives up to trading.
Being Wise is really a requirement in trading. You will not just buy a coin because someone said it will pump. Investment in trading must always base on self-research since you are responsible for your profit or loss. Before i made my trading, ive been into other cryptocurrency groups especially in our local Pinoy Crypto Community where i actually gained basic knowledge in crypto. We always discuss fundamentals and news. These are really helpful in trading as it will guide you what coin must we invest in.
Patience is a must, but Making Stop Loss must also be considered at same time. What i always keep in mind is that i must never retrade if i have losses, but i also consider stop-loss or my funds would be liquidated. This is a must for every trader.
Lastly, Never Give up on trading.If you lose today, that doesn't mean you will lose later or tomorrow. If you lose right now, you must consider the first two traits of a good trader for your next trade and don't give up.
Molly:Q5.If there was a time you want to give up trading and what are the motivations why you chose to continue?
CC:
I heard futures trading the first time on MXC Exchange. There were lots of members posting their profits and it was so huge!
That time when i made my trade on futures because the profit is really tempting and i did not learn much how it works, became one of my greatest mistake as trader. I was so in a hurry. I even used 50x leverage for my first time and the result was very unfavorable. You know what?
It is because i just made it like a guessing game, which contributed to my loss.
That motivated me to learn more something new in trading. Actually i believe that without these losses, you can never aim for higher profit. I'd rather start from lowest to highest, than highest to lowest.
With this motivation, i have made recoveries and even more profit, i may have still make the same mistake sometime but now i have stop-loss (this was one of my greatest learning). It's better to set stop-loss than Take Profit, cause Take Profit can be easier to initiate when you're already satisfied with your gain.
Free-asking Session
Q1.Why did you choose MXC for trading even after having BINANCE, KuCoin, OKEx? What is the Benefit of trading on MXC?@mhasan7
CC:
Very good question! Actually i seldom trade on the other exchanges you indicated. I said that so because the funds which i use un trading came from AMA's and competitions which i join in MXC. In return, as an appreciation, i make my trade on MXC rather than others, as i have seen the best opportunity from it :)
Q2.What Are Your Plan And Goal's After College?@moizkhan3344
CC:
Interesting! Maybe you are also asking shall i still make my trade since i already finished my studies.
Well, my plan is to continue trading. I may not be sure of the career that i would take soon but at least i would secure funds for my future. That would be from trading :)
Q3.Can you tell us that how you won the place among all competitors?@nazmudsadat
CC:
Another interesting question! I actually just engage in scalping which adds more to my volume but i never sell a trade without making my profit, or if i would lose to that trade.
The number of buy and sells for sure made me to the top. But we must buy low and sell high as always :)
Q4.May i know the step or the secret how to do what you've done now? Being a trader it is very difficult to manage our emotion. How do you do that. Any motivation please? @Brookz0000
CC:
Actually there is never a secret to success but dedication to move on and aim for more.
Emotions in trading are most of the time uncontrollable especially if we are in a loss situation, or when we are gaining much.
So what i have said from the first questions Molly has asked me, Making Stop Loss and Avoiding Greediness can balance our emotion :)
Q5.Mxc has gone through a very long period. Do you feel the pressure to maintain your MXC development?@typhucrypto
CC:
The pressure would be normal as there exists many ways to earn gains just like staking, but since i already used in trading, i would continue as i believe they will never stop making more profitable features especially in trading :)
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