On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Veteran trader Charlie Burton gives tips on how investors can manage their emotions in bull markets and the importance of sticking to a defined set of trading rules.
2021 has been a wild ride for the cryptocurrency market as Bitcoin shocked its naysayers by setting a new record high at $64,863 and the DeFi and NFT sector made headlines around the world.
It's times like these that crypto traders need to be wary because the notoriously volatile nature of the cryptocurrency market can see vast fortunes wiped out in a matter of hours or days once the trend shifts.
According to Charlie Burton, veteran trader and the co-founder of Ezeetrader, this is when it is important for every trader to have a defined set of rules that they stick to when emotions begin to run hot because “we are all fallible, flawed human beings, especially in front of the markets.”
Burton said,
“We are naturally influenced by greed or fear to one propensity or another. So we absolutely need to have some simple rules, but I would also say a lot of visualization is good.”
These rules may include things like at what percentage loss do investors place a stop loss, the maximum percentage of the portfolio that one will allow to be put on any trade, and having a set sell orders for investments.
Burton said,
“What is important is a lot of self-talk. ‘If I take this trade now, and it doesn’t work out, will I be upset with myself?’ This is a great line to help stop me from jumping into trades that I just shouldn’t be in.”
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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