TraderMistakes
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📈 Trader's Poll Time! 📉
Hey fellow traders! 👋 I've been working hard on refining my trading signals and strategies, and I'd love to get your feedback. 🚀✨
What do you think about my trading signals and strategies? 📊
Feel free to drop comments with any specific thoughts or suggestions. Let's make those markets work for us! 💹💪
$BTC $ETH $BNB #TraderMistakes
#TradingSignal #marketstrategy #FeedbackTime
Hey fellow traders! 👋 I've been working hard on refining my trading signals and strategies, and I'd love to get your feedback. 🚀✨
What do you think about my trading signals and strategies? 📊
Feel free to drop comments with any specific thoughts or suggestions. Let's make those markets work for us! 💹💪
$BTC $ETH $BNB #TraderMistakes
#TradingSignal #marketstrategy #FeedbackTime
👍 Love them!
57%
😐 They're okay.
17%
👎 Not a fan.
17%
¢σηтα¢т мє? ¢нє¢к ριηє∂ ¢σмєηт
9%
65 votes • Voting closed
Crypto Compass: Navigate the Wild World of Digital Coins with Confidence!
EMOTIONS LEAD TO BAD INVESTMENT DECISIONS
Making profits is all about the timings, when to buy and exit your holdings.
When people buy a crypto after thorough research and it goes up by sixty percent, they exit. They exit in fear of losing what they have already earned. Eventually also losing the returns they were going to make.
And if it starts to go down they refrain to get out of it and and wait for a rebound, which rarely ever happens and they end up with their money stuck in a miserable investment.
ALWAYS HAVE AN INVESTMENT PLAN
Always question yourself what is your risk appetite regarding a particular coin before buying it. Pre define a threshold to exit it if it goes down a certain limit.
Do not invest all your money in projects with low market cap (like ranked beyond 50), keep some of it in top 10 or other less risky crypto assets.
YOU WOULD LOSE
Don’t panic, it is fine. I have yet to meet a person who have never lose a single trade in his investing career.
There would be times when things would get out of your hands and you would lose. Do not end up getting discouraged or digging your grave by investing whatever you have to cover up your losses.
People have ended up losing everything while trying to cover whatever they have already lost. Do not make investment decisions in an unstable emotional state and with irrational behavior.
Give yourself some time to process your situation and only invest with a calm and rational mindset. If you cannot tolerate 50% loss in your portfolio, you shouldn’t be in crypto.
STAY UPDATED
Keep following the crypto news along with brushing your knowledge about the blockchain and crypto space. And especially stay updated what's happening to the projects you have invested in and where they are headed.
If you will understand and follow just these very fundamental and basic things. I can ensure you that your ride will be smoother and easier with less headaches.
#TraderMistakes #Tips #traders #investors
EMOTIONS LEAD TO BAD INVESTMENT DECISIONS
Making profits is all about the timings, when to buy and exit your holdings.
When people buy a crypto after thorough research and it goes up by sixty percent, they exit. They exit in fear of losing what they have already earned. Eventually also losing the returns they were going to make.
And if it starts to go down they refrain to get out of it and and wait for a rebound, which rarely ever happens and they end up with their money stuck in a miserable investment.
ALWAYS HAVE AN INVESTMENT PLAN
Always question yourself what is your risk appetite regarding a particular coin before buying it. Pre define a threshold to exit it if it goes down a certain limit.
Do not invest all your money in projects with low market cap (like ranked beyond 50), keep some of it in top 10 or other less risky crypto assets.
YOU WOULD LOSE
Don’t panic, it is fine. I have yet to meet a person who have never lose a single trade in his investing career.
There would be times when things would get out of your hands and you would lose. Do not end up getting discouraged or digging your grave by investing whatever you have to cover up your losses.
People have ended up losing everything while trying to cover whatever they have already lost. Do not make investment decisions in an unstable emotional state and with irrational behavior.
Give yourself some time to process your situation and only invest with a calm and rational mindset. If you cannot tolerate 50% loss in your portfolio, you shouldn’t be in crypto.
STAY UPDATED
Keep following the crypto news along with brushing your knowledge about the blockchain and crypto space. And especially stay updated what's happening to the projects you have invested in and where they are headed.
If you will understand and follow just these very fundamental and basic things. I can ensure you that your ride will be smoother and easier with less headaches.
#TraderMistakes #Tips #traders #investors
THE MOST UNCONVENTIONAL TRADING TIP TO UPLIFT YOU FROM A ROOKIE TO ROCKSTAR IS -
TAKE EVERYTHING CONVENTIONAL SERIOUSLY
I know, the raw unprocessed trading or your personal style might be working for you so well. But there is a reason why most, if not all successful traders vouch for the fundamentals.
Markets are different every year, assets will be different and within a year there are multiple different phases. For ex, some days are news days, some are international event days, some trading days are project specific and some days are unseen and never happened like COVID phase.
There will be times when you would anticipate the market, always to a varied degree though. And there will be times that you can never anticipate.
When nothing will work, your grasp over the fundamentals will save you from getting huge dents in your capital, if it wouldn’t help you in expanding your portfolio.
But alas, I see so so many people that take the basics lightly. They rarely use stop losses. Or assess their risk appetite before jumping on a trade. And rarely ever people plan an exit. Let alone scrutinising the project history. Or getting done with, if its not your day.
May be you are the one who’s like SL.. SL, “I know we should minimise losses, stop throwing a 10 years old’s wisdom at my face. I stick to the screen. And I always take a comfortable exit.”
Okay, you might for now, while dealing with a single trade. Or minuscule Capital. But eventually as you grow, a system based on strong fundamentals will become a must or MARK my words - your journey here is going to be short lived.
As you will end up training your mind in a certain way, and destroying your trade psychology irrespective of how much ever smart you may think you are.
So learn implementing the conventional with utmost ease and make it your second nature before breaking and transcending it with your personal style and pioneering custom strategies.
There are no shortcuts to any place worth reaching.
#TradingTips #TradingTipOfTheDay #TraderMistakes
TAKE EVERYTHING CONVENTIONAL SERIOUSLY
I know, the raw unprocessed trading or your personal style might be working for you so well. But there is a reason why most, if not all successful traders vouch for the fundamentals.
Markets are different every year, assets will be different and within a year there are multiple different phases. For ex, some days are news days, some are international event days, some trading days are project specific and some days are unseen and never happened like COVID phase.
There will be times when you would anticipate the market, always to a varied degree though. And there will be times that you can never anticipate.
When nothing will work, your grasp over the fundamentals will save you from getting huge dents in your capital, if it wouldn’t help you in expanding your portfolio.
But alas, I see so so many people that take the basics lightly. They rarely use stop losses. Or assess their risk appetite before jumping on a trade. And rarely ever people plan an exit. Let alone scrutinising the project history. Or getting done with, if its not your day.
May be you are the one who’s like SL.. SL, “I know we should minimise losses, stop throwing a 10 years old’s wisdom at my face. I stick to the screen. And I always take a comfortable exit.”
Okay, you might for now, while dealing with a single trade. Or minuscule Capital. But eventually as you grow, a system based on strong fundamentals will become a must or MARK my words - your journey here is going to be short lived.
As you will end up training your mind in a certain way, and destroying your trade psychology irrespective of how much ever smart you may think you are.
So learn implementing the conventional with utmost ease and make it your second nature before breaking and transcending it with your personal style and pioneering custom strategies.
There are no shortcuts to any place worth reaching.
#TradingTips #TradingTipOfTheDay #TraderMistakes
When you open your Trading view app on your phone, you will see "LOOK/LEAP"
That is the only strategy and discipline you need to become PROFITABLE.
Trade what you see not what you think
Wisdom and patience will teach you this
$DOGE
#BullRun #Bitcoin_Talk #TraderMistakes
That is the only strategy and discipline you need to become PROFITABLE.
Trade what you see not what you think
Wisdom and patience will teach you this
$DOGE
#BullRun #Bitcoin_Talk #TraderMistakes
💡💡💡IMPORTANT TRADING RULES💡💡💡
1. Never trade more than 3 coins simultaneously
2. Trade each signal with only 10% of your capital. Anything above 10% per trade is a big mistake.
3. Never close a trade because is going against you. Don't cut the trade. Allow the trade to reach destination. Is either it hit Stop loss or take profit.
4. Master your DCA and always prepare for DCA at -40% instead of closing the trade or hitting the stop loss. Personally I encourage doing DCA than setting stop loss.
5. Don't jump into a trade. Wait till the entry price given to you reach. Unless if you are asked to trade at the current market price.
6. Don't trade signals you are not sure of. Trading is not gambling.
7. Don't over trade. A few trades daily is okay. Protect your capital by all means. When capital is secured, profit will come.
8. If you are weak or sleepy don't trade . If you must trade, then set stop loss and take profit.
9. Don't use very high leverage. Stay with 10x or maximum of 20x leverage. Anything above 20× is suicide.
10. If you loose two trades consecutively, close for the day. Don't do revenge trading if not you will loose more.
11. When you are in profit of about +20% , either close the trade and walk away or lock your capital by doing what we called break even. Break even is a process of using your entry price as your new stop loss. By doing so, your capital is secured even if the trade is reversing, it will push you out with no loss and no profit. When the profit is increasing, then keep changing your Stop Loss value to secure more profits. Or close partial. Watch my videos.
12. Avoid following so many groups on trading. You will be confused with various strategies from each mentor.
13. As a newbie don't trade new coins or very volatile coins. If you don't know which coin is volatile or not, then wait for our signals.
14. Trading for profit is like a compound interest. We make small profits from each trade and a combine small profits leads to big profits later.
#CryptoGist #TraderMistakes #TradingWins #tradingjourney
1. Never trade more than 3 coins simultaneously
2. Trade each signal with only 10% of your capital. Anything above 10% per trade is a big mistake.
3. Never close a trade because is going against you. Don't cut the trade. Allow the trade to reach destination. Is either it hit Stop loss or take profit.
4. Master your DCA and always prepare for DCA at -40% instead of closing the trade or hitting the stop loss. Personally I encourage doing DCA than setting stop loss.
5. Don't jump into a trade. Wait till the entry price given to you reach. Unless if you are asked to trade at the current market price.
6. Don't trade signals you are not sure of. Trading is not gambling.
7. Don't over trade. A few trades daily is okay. Protect your capital by all means. When capital is secured, profit will come.
8. If you are weak or sleepy don't trade . If you must trade, then set stop loss and take profit.
9. Don't use very high leverage. Stay with 10x or maximum of 20x leverage. Anything above 20× is suicide.
10. If you loose two trades consecutively, close for the day. Don't do revenge trading if not you will loose more.
11. When you are in profit of about +20% , either close the trade and walk away or lock your capital by doing what we called break even. Break even is a process of using your entry price as your new stop loss. By doing so, your capital is secured even if the trade is reversing, it will push you out with no loss and no profit. When the profit is increasing, then keep changing your Stop Loss value to secure more profits. Or close partial. Watch my videos.
12. Avoid following so many groups on trading. You will be confused with various strategies from each mentor.
13. As a newbie don't trade new coins or very volatile coins. If you don't know which coin is volatile or not, then wait for our signals.
14. Trading for profit is like a compound interest. We make small profits from each trade and a combine small profits leads to big profits later.
#CryptoGist #TraderMistakes #TradingWins #tradingjourney
📍Coin : ORDI/USDT
🛑 Short
👉 Entry: 18.000/17.400
❌ StopLoss 20.900
🚀 Target 1: 17.000
🚀 Target 2: 16.000
🚀 Target 3: 15.000
🚀 Target 4: 14.000
💹 Leverage: 5X
ᵂᵉ ᵍⁱᵛᵉ ʸᵒᵘ ˢⁱᵍⁿᵃˡˢ ᶠʳᵒᵐ ᵒᵘʳ ᵖʳᵒᵈᵘᶜᵗ ᵉˣᵖᵉʳⁱᵉⁿᶜᵉ. ¹⁰⁰% ᵃᶜᶜᵘʳᵃᵗᵉ ⁱˢ ᵖᵒˢˢⁱᵇˡᵉ ᵂᵉ ᵃⁿᵃˡʸᶻᵉ ᵃ ˡᵒᵗ ᵃⁿᵈ ᵗʳʸ ᵗᵒ ᵍⁱᵛᵉ ᵉⁿᵒᵘᵍʰ ᵃᶜᶜᵘʳᵃᶜʸ #TraderMistakes #CryptoEcosystems $ORDI
🛑 Short
👉 Entry: 18.000/17.400
❌ StopLoss 20.900
🚀 Target 1: 17.000
🚀 Target 2: 16.000
🚀 Target 3: 15.000
🚀 Target 4: 14.000
💹 Leverage: 5X
ᵂᵉ ᵍⁱᵛᵉ ʸᵒᵘ ˢⁱᵍⁿᵃˡˢ ᶠʳᵒᵐ ᵒᵘʳ ᵖʳᵒᵈᵘᶜᵗ ᵉˣᵖᵉʳⁱᵉⁿᶜᵉ. ¹⁰⁰% ᵃᶜᶜᵘʳᵃᵗᵉ ⁱˢ ᵖᵒˢˢⁱᵇˡᵉ ᵂᵉ ᵃⁿᵃˡʸᶻᵉ ᵃ ˡᵒᵗ ᵃⁿᵈ ᵗʳʸ ᵗᵒ ᵍⁱᵛᵉ ᵉⁿᵒᵘᵍʰ ᵃᶜᶜᵘʳᵃᶜʸ #TraderMistakes #CryptoEcosystems $ORDI
The worst time to get into crypto is when everything is pumping, get serious now🔥
#BTC #BullMarketStrategy #TraderMistakes #etf
#BTC #BullMarketStrategy #TraderMistakes #etf
📉💥 Why Crypto Traders Fail: Common Pitfalls to Avoid 🚫💼
Cryptocurrency trading can be a lucrative venture, but it's also a path fraught with challenges. Here are some common reasons why crypto traders often face setbacks:
1. **Lack of Education:** Many traders dive in without understanding the basics of cryptocurrency, market dynamics, or trading strategies.
2. **Emotional Trading:** Emotional decisions, like panic selling or chasing FOMO, can lead to losses. Keeping emotions in check is vital.
3. **Overtrading:** Excessive trading, especially without a solid strategy, can result in losses due to transaction fees and market volatility.
4. **Ignoring Risk Management:** Failing to set stop-loss orders or not diversifying the portfolio can expose traders to significant risk.
5. **Following Hype:** Investing based on social media hype or rumors can lead to disappointment when the market doesn't meet unrealistic expectations.
6. **Lack of Research:** Not conducting thorough research on assets or projects before investing is a recipe for disaster.
7. **Overconfidence:** Assuming you can't make a mistake can lead to risky decisions and substantial losses.
8. **Lack of Patience:** Many traders expect quick riches and get frustrated when the market doesn't cooperate.
9. **Unrealistic Expectations:** Thinking every trade will be a win is an unrealistic mindset in the volatile crypto market.
10. **Ignoring Security:** Neglecting proper security measures can result in hacks or losses due to breaches.
To succeed in cryptocurrency trading, education, a well-defined strategy, emotional discipline, and thorough research are paramount. Learning from failures and continuously improving your approach can help traders avoid these common pitfalls. 📚🪙📈
Whether you're a seasoned trader or a newbie in the crypto space, understanding these challenges is a crucial step toward becoming a more successful trader. 🌟💼💰
#CryptoTrading #TraderMistakes #SuccessStrategies #BinanceSquare
Cryptocurrency trading can be a lucrative venture, but it's also a path fraught with challenges. Here are some common reasons why crypto traders often face setbacks:
1. **Lack of Education:** Many traders dive in without understanding the basics of cryptocurrency, market dynamics, or trading strategies.
2. **Emotional Trading:** Emotional decisions, like panic selling or chasing FOMO, can lead to losses. Keeping emotions in check is vital.
3. **Overtrading:** Excessive trading, especially without a solid strategy, can result in losses due to transaction fees and market volatility.
4. **Ignoring Risk Management:** Failing to set stop-loss orders or not diversifying the portfolio can expose traders to significant risk.
5. **Following Hype:** Investing based on social media hype or rumors can lead to disappointment when the market doesn't meet unrealistic expectations.
6. **Lack of Research:** Not conducting thorough research on assets or projects before investing is a recipe for disaster.
7. **Overconfidence:** Assuming you can't make a mistake can lead to risky decisions and substantial losses.
8. **Lack of Patience:** Many traders expect quick riches and get frustrated when the market doesn't cooperate.
9. **Unrealistic Expectations:** Thinking every trade will be a win is an unrealistic mindset in the volatile crypto market.
10. **Ignoring Security:** Neglecting proper security measures can result in hacks or losses due to breaches.
To succeed in cryptocurrency trading, education, a well-defined strategy, emotional discipline, and thorough research are paramount. Learning from failures and continuously improving your approach can help traders avoid these common pitfalls. 📚🪙📈
Whether you're a seasoned trader or a newbie in the crypto space, understanding these challenges is a crucial step toward becoming a more successful trader. 🌟💼💰
#CryptoTrading #TraderMistakes #SuccessStrategies #BinanceSquare
I see that you have sent me an image of a cryptocurrency trading chart. The chart shows the prices of three different cryptocurrencies: LUNA2USDT, HIFIUSDT, and 1000LUNCUSDT. All three cryptocurrencies are currently in the green, meaning that their prices are rising.
LUNA2USDT is a perpetual contract that is based on the LUNA2 cryptocurrency. The current price of LUNA2USDT is 0.7882, and it has risen by 67.24% in the past 24 hours.
HIFIUSDT is a perpetual contract that is based on the HIFIUSDT cryptocurrency. The current price of HIFIUSDT is 1.1180, and it has risen by 30.32% in the past 24 hours.
1000LUNCUSDT is a perpetual contract that is based on the 1000LUNCUSDT cryptocurrency. The current price of 1000LUNCUSDT is 0.08609, and it has risen by 29.30% in the past 24 hours.
Overall, the cryptocurrency market is currently looking bullish, with all three of the cryptocurrencies on this chart showing signs of strength. However, it is important to remember that the cryptocurrency market is volatile and prices can change rapidly. It is always important to do your own research before investing in any cryptocurrency #TraderMistakes #CryptoSimple #CryptoNews🔒📰🚫 $HIFI $LUNC $LUNC
LUNA2USDT is a perpetual contract that is based on the LUNA2 cryptocurrency. The current price of LUNA2USDT is 0.7882, and it has risen by 67.24% in the past 24 hours.
HIFIUSDT is a perpetual contract that is based on the HIFIUSDT cryptocurrency. The current price of HIFIUSDT is 1.1180, and it has risen by 30.32% in the past 24 hours.
1000LUNCUSDT is a perpetual contract that is based on the 1000LUNCUSDT cryptocurrency. The current price of 1000LUNCUSDT is 0.08609, and it has risen by 29.30% in the past 24 hours.
Overall, the cryptocurrency market is currently looking bullish, with all three of the cryptocurrencies on this chart showing signs of strength. However, it is important to remember that the cryptocurrency market is volatile and prices can change rapidly. It is always important to do your own research before investing in any cryptocurrency #TraderMistakes #CryptoSimple #CryptoNews🔒📰🚫 $HIFI $LUNC $LUNC
The Trader's Strategy and Market Dynamics 📈
Sometimes, the market throws up entry points so enticing that you're practically itching to jump in. Your heart screams for action, but your brain slams the brakes, asking pointedly, "Does this move align with your trading strategy, wolf?" 🐺
And rightly so. The key to a trader's success lies in sticking religiously to their own system. Straying from it, lured by shiny opportunities, might just land you in trouble. Altering your trading principles ramps up the risks significantly.
The Perfect Entry Moment 🎯: It's when your system's criteria and a favorable market outlook merge. Both elements need to align. Then, you're all set to conquer the trading arena.
Consider this: one trader hunts for entry and exit points at support and resistance levels, another tracks fading trends, a third analyzes different timeframes, a fourth leans on tried-and-true patterns, while a fifth blends several techniques. That's just the tip of the iceberg, as each pro has their unique flair. This very mix forms the bedrock of successful trades. Any other potential entry points, no matter how alluring (think 'Coca-Cola' ad in a desert 🌵), are off-limits.
And hey, no need for regrets. If you resisted an ill-fitting trade and the market later showered gold, pat yourself on the back 👏. You did the right thing. Those weren't your coins to catch. Don't mourn a missed 'lucrative' opportunity; it belonged to someone else. Your moments to shine will come, within the bounds of your trading ethos.
Flexibility in Trading 🔄: Does this mean rigidity is the way?
Absolutely not. The market's unpredictability forbids a one-size-fits-all approach. Remember, while your trading system should be adaptable, following it should be non-negotiable. It's about striking that balance between being fluid in strategy and steadfast in principles.
#TraderMistakes #TradeOpportunity
Sometimes, the market throws up entry points so enticing that you're practically itching to jump in. Your heart screams for action, but your brain slams the brakes, asking pointedly, "Does this move align with your trading strategy, wolf?" 🐺
And rightly so. The key to a trader's success lies in sticking religiously to their own system. Straying from it, lured by shiny opportunities, might just land you in trouble. Altering your trading principles ramps up the risks significantly.
The Perfect Entry Moment 🎯: It's when your system's criteria and a favorable market outlook merge. Both elements need to align. Then, you're all set to conquer the trading arena.
Consider this: one trader hunts for entry and exit points at support and resistance levels, another tracks fading trends, a third analyzes different timeframes, a fourth leans on tried-and-true patterns, while a fifth blends several techniques. That's just the tip of the iceberg, as each pro has their unique flair. This very mix forms the bedrock of successful trades. Any other potential entry points, no matter how alluring (think 'Coca-Cola' ad in a desert 🌵), are off-limits.
And hey, no need for regrets. If you resisted an ill-fitting trade and the market later showered gold, pat yourself on the back 👏. You did the right thing. Those weren't your coins to catch. Don't mourn a missed 'lucrative' opportunity; it belonged to someone else. Your moments to shine will come, within the bounds of your trading ethos.
Flexibility in Trading 🔄: Does this mean rigidity is the way?
Absolutely not. The market's unpredictability forbids a one-size-fits-all approach. Remember, while your trading system should be adaptable, following it should be non-negotiable. It's about striking that balance between being fluid in strategy and steadfast in principles.
#TraderMistakes #TradeOpportunity
TRADING TIPS
HOW TO BECOME A SUCCESSFUL TRADER ON BOTH SPOT AND FUTURES (PART 2)
👉 LEARN WHEN TO TAKE PROFIT ON A TRADE - Some trader misunderstood the word patience, they tend to become unrealistic when it comes to trading. If their trade is already profitable, they still wait patiently for it to grow higher, only for them to see their profit getting erased. Remember to always take what the market gives you. If your trade hits a support or resistance and gets rejected, that is a signal to close your position.
👉 DO NOT OVER TRADE - When trading, use only 1-5% of your capital, and trade only for 1-3 times a day. You don't get rich overnight from trading, think of this as a long term growth.
👉 lastly, CONTINUE LEARNING THE MARKET WITH EXPERIENCE - Nothing beats someone who has years of experience from the market, remember, every losses is just a stepping stone to success. Make sure to make the most out of it. Review your trades, find out what went wrong, what you should and should not do in your next trade. Have the ability to adapt to the market.
That is all for now everyone, I hope you learned something from this. Have a profitable trading !!
Please like and follow if you like my contents like this, Thanks!
#TraderMistakes
#TradingTips
#ProfitTakingAdvice
HOW TO BECOME A SUCCESSFUL TRADER ON BOTH SPOT AND FUTURES (PART 2)
👉 LEARN WHEN TO TAKE PROFIT ON A TRADE - Some trader misunderstood the word patience, they tend to become unrealistic when it comes to trading. If their trade is already profitable, they still wait patiently for it to grow higher, only for them to see their profit getting erased. Remember to always take what the market gives you. If your trade hits a support or resistance and gets rejected, that is a signal to close your position.
👉 DO NOT OVER TRADE - When trading, use only 1-5% of your capital, and trade only for 1-3 times a day. You don't get rich overnight from trading, think of this as a long term growth.
👉 lastly, CONTINUE LEARNING THE MARKET WITH EXPERIENCE - Nothing beats someone who has years of experience from the market, remember, every losses is just a stepping stone to success. Make sure to make the most out of it. Review your trades, find out what went wrong, what you should and should not do in your next trade. Have the ability to adapt to the market.
That is all for now everyone, I hope you learned something from this. Have a profitable trading !!
Please like and follow if you like my contents like this, Thanks!
#TraderMistakes
#TradingTips
#ProfitTakingAdvice
Day Traders have it all wrong , They see market Run up They sell it comes, it comes down they buy it and again run up They sell it and whoaaaa prices take off and they sell and they lose money all the way up not realizing. The only way you make money in the market is to catch a Trend . It does not matter if you are day Trader or long term Trend Trader . Trend is the basis of all profits , you need a Trend now we also know this if you study your charts you will see that all large range days are almost all of them close at Their high or close at the low . So the most successful day Trading strategy is to hold to the close do not try to dance in and out because when you have a loss you can have a big loss try to catch a trend move, hold to the close and you are going to make a lot more money.
#TraderMistakes #traders #etf #xrp #PYUSD $XRP $GAS $MEME
#TraderMistakes #traders #etf #xrp #PYUSD $XRP $GAS $MEME
COMMON MISTAKES TRADERS OFTEN MAKE WHILE TRADING
1️⃣ Lack of Research:
* Error: Investing without thorough research on the project or token.
* Consequence: High risk of capital loss due to investing in an unreliable project.
2️⃣ FOMO (Fear of Missing Out):
* Error: Buying an asset just because of fear of missing out on an opportunity.
* Consequence: Buying at the peak could lead to significant losses when the market corrects.
3️⃣ Lack of Diversification:
* Error: Investing too much in one type of asset or project.
* Consequence: High risk if that asset or project encounters issues.
4️⃣ Poor Risk Management:
* Error: Investing an excessive amount compared to personal risk tolerance.
* Consequence: Could lose all capital quickly when the market fluctuates.
5️⃣ Chasing News:
* Error: Making investment decisions based on rumors or unverified news.
* Consequence: Trading on unreliable information can lead to poor decisions.
6️⃣ Emotional Trading:
* Error: Making decisions based on emotions rather than logical information and analysis.
* Consequence: High risk when decisions are not based on data.
7️⃣ Inadequate Security Measures:
* Error: Storing private keys in an unsafe manner or using unreliable wallets.
* Consequence: Risk of asset loss due to compromised private keys or network attacks.
8️⃣ Chasing Hot Projects:
* Error: Investing in projects just because they are currently popular without technical research.
* Consequence: Loss of profits when the market loses interest in that project.
9️⃣ Lack of Trading Discipline:
* Error: Changing trading strategies too frequently or not adhering to the initially set strategy.
* Consequence: Risk of losses when a stable strategy is not maintained.
🔟 Over-Optimism:
* Error: Overly trusting in a specific asset or project.
* Consequence: Risk of significant losses when the market does not reflect overly optimistic expectations.
To avoid these mistakes, investors need knowledge, careful research, and strict risk management when participating in the crypto market.
#TraderMistakes #poolsclub
1️⃣ Lack of Research:
* Error: Investing without thorough research on the project or token.
* Consequence: High risk of capital loss due to investing in an unreliable project.
2️⃣ FOMO (Fear of Missing Out):
* Error: Buying an asset just because of fear of missing out on an opportunity.
* Consequence: Buying at the peak could lead to significant losses when the market corrects.
3️⃣ Lack of Diversification:
* Error: Investing too much in one type of asset or project.
* Consequence: High risk if that asset or project encounters issues.
4️⃣ Poor Risk Management:
* Error: Investing an excessive amount compared to personal risk tolerance.
* Consequence: Could lose all capital quickly when the market fluctuates.
5️⃣ Chasing News:
* Error: Making investment decisions based on rumors or unverified news.
* Consequence: Trading on unreliable information can lead to poor decisions.
6️⃣ Emotional Trading:
* Error: Making decisions based on emotions rather than logical information and analysis.
* Consequence: High risk when decisions are not based on data.
7️⃣ Inadequate Security Measures:
* Error: Storing private keys in an unsafe manner or using unreliable wallets.
* Consequence: Risk of asset loss due to compromised private keys or network attacks.
8️⃣ Chasing Hot Projects:
* Error: Investing in projects just because they are currently popular without technical research.
* Consequence: Loss of profits when the market loses interest in that project.
9️⃣ Lack of Trading Discipline:
* Error: Changing trading strategies too frequently or not adhering to the initially set strategy.
* Consequence: Risk of losses when a stable strategy is not maintained.
🔟 Over-Optimism:
* Error: Overly trusting in a specific asset or project.
* Consequence: Risk of significant losses when the market does not reflect overly optimistic expectations.
To avoid these mistakes, investors need knowledge, careful research, and strict risk management when participating in the crypto market.
#TraderMistakes #poolsclub
Strategies for Wealth Preservation in Trading: Calculations, Leverage, and a Cautionary Note
In the dynamic realm of trading, where fortunes can be made and lost in the blink of an eye, the adage "save your wealth" takes center stage. Here, we delve into key principles that form the foundation of safeguarding your financial assets amid the uncertainties of the market.🪷 Risk Calculation: A Crucial First Step - In the pursuit of wealth preservation, meticulous risk calculation is paramount. Setting a 15% Stop Loss (SL) and aiming for a 30% or more Take Profit (TP) ensures a disciplined approach. This risk-reward ratio is designed to shield your capital while allowing for substantial gains.🪷 Leverage: Handle with Care - Leverage, a double-edged sword, demands careful consideration. The mantra here is simple: if your Stop Loss is set at 3%, leverage should not exceed 5X. This strategic alignment helps manage risk, preventing excessive exposure that could jeopardize your hard-earned wealth.🪷 Money-Saving Mindset: A Universal Rule - The core principle of wealth preservation lies in the fundamental idea of saving. Money is the ultimate motivator, and protecting it should be a non-negotiable priority. Adopting a conservative approach to capital management safeguards against sudden market downturns.🪷 Tip for the Current Scenario: Trading on News - Navigating the current market scenario requires adaptability. Trading on news becomes a valuable strategy, leveraging real-time information to make informed decisions. Staying abreast of market developments positions you strategically in the ever-changing landscape.🪷 A Cautionary Note: Individual Effort Matters - In the pursuit of financial success, blindly following others is a perilous path. Becoming a trading "robot" by mimicking strategies without understanding the underlying rationale can lead to significant pitfalls. Effort, research, and informed decision-making are essential elements in wealth preservation.Conclusion: Save, Calculate, Adapt In conclusion, the journey to safeguarding your wealth in trading encompasses a multifaceted approach. Calculated risk, prudent leverage, a commitment to saving, and an adaptive strategy in line with current market dynamics form the bedrock of financial preservation. Remember, in the pursuit of financial success, being an active participant and not a passive follower is key. 🌐💰 #trading #tradingStrategy #crypto #TraderMistakes #TradingOpportunities $BTC $ETH $SOL
🔥 Two ways to earn USDT on Exchange platform 🎯
1.Start doing P2P Selling and Buying
2. Trade in Future Trade with Understanding Liquidation of the fund value.
If you like 👍 pls follow it don’t ignore
You all are respected for me thanks 🙏🏻
Disclaimer: This is just for Education not financial advise if you want to invest in crypto do your Owen research and then invest thanks
#P2P
#TraderMistakes
#Anilsingta
1.Start doing P2P Selling and Buying
2. Trade in Future Trade with Understanding Liquidation of the fund value.
If you like 👍 pls follow it don’t ignore
You all are respected for me thanks 🙏🏻
Disclaimer: This is just for Education not financial advise if you want to invest in crypto do your Owen research and then invest thanks
#P2P
#TraderMistakes
#Anilsingta
Most crypto assets experienced a sudden and unexpected drop just when it seemed the bulls had the day. Including the King of the Bulls $BTC
I am sure a lot of traders had their positions liquidated and it was another stark reminder of the need to always include a stop loss trigger in your trades to avoid total loss.
Although the crypto market offers the chance to increase your profits, it also presents the risk of significant losses due to its high degree of volatility. High losses are something that no trader wants to experience, and this is especially true for traders who have purchased short-term crypto assets only to see the trends go against them. Stop-loss trading is the safest and most effective way out of a losing trade in certain circumstances. #TraderMistakes #TradeSignal #TradeSmart #Stoplossmistakes #Stop-loss
I am sure a lot of traders had their positions liquidated and it was another stark reminder of the need to always include a stop loss trigger in your trades to avoid total loss.
Although the crypto market offers the chance to increase your profits, it also presents the risk of significant losses due to its high degree of volatility. High losses are something that no trader wants to experience, and this is especially true for traders who have purchased short-term crypto assets only to see the trends go against them. Stop-loss trading is the safest and most effective way out of a losing trade in certain circumstances. #TraderMistakes #TradeSignal #TradeSmart #Stoplossmistakes #Stop-loss
Binance Lead Trader Progress
144 Trades
All Successful
More than 77% ROI in 19 days
Daily gains
Min $100-200 to copy
#BTCUSDT.P #SUI/USDT #BTC #TradeSignal #TraderMistakes
$BTC $BNB $USDC
144 Trades
All Successful
More than 77% ROI in 19 days
Daily gains
Min $100-200 to copy
#BTCUSDT.P #SUI/USDT #BTC #TradeSignal #TraderMistakes
$BTC $BNB $USDC
🚨DO NOT hold any short Trade!!!🚨
I gave Stop Loss, and once that is hit, there is a change in direction.
If you don't use SL and you liquidate your account, that's on you.
In trades where we have to use Isolated margin, I state that especially BTC trades.
Again, DO NOT hold short trades if you can't bear the outcome.
Tomorrow we trade again🔥🔥
$BTC $ETH $BNB
#BinanceTournament #BRC20 #TradeSignal #TraderMistakes #Staking
I gave Stop Loss, and once that is hit, there is a change in direction.
If you don't use SL and you liquidate your account, that's on you.
In trades where we have to use Isolated margin, I state that especially BTC trades.
Again, DO NOT hold short trades if you can't bear the outcome.
Tomorrow we trade again🔥🔥
$BTC $ETH $BNB
#BinanceTournament #BRC20 #TradeSignal #TraderMistakes #Staking