WARNINGâ ïž HIGH RISKđđđ
Your capital is at risk, you need to stopâïž trading now âŒïž
If you don't know the answer for these questions ,your capital is at high risk, Everyone likes to trade & make profits,you watch videos,you learn,you seek help,all because you want to earn money, But do you really earn money or are you losing itâ
Ask these questions to yourself & understand if you are really following all the necessary steps before placing a trade.
đ„Do you know the basics of trading? are you familiar in identifying & analysing the charts,patterns,candles, Volume, FVG, support & resistance,RSI, accumulation, manipulation & distribution?
đ„What is liquidity? How & where is liquidity created? What happens when there is a liquidity at any level of the chart?
đ„Do you analyse the market trend? do you analyse the long pattern on the charts ?
đ„Do you understand the market? Do you know when the whole market can go bullish/ bearish? Do you know whether to trade along with the trend or go against it?
đ„Do you have your own Strategy ?Do you use any strategies in your trades? Did you take time to learn about strategies?
đ„Do you use a SL and TP? Do you know what RR is? Do you know how the RR is related to your winning rate?Do you know what SL hunting means & how to avoid it?
đ„How many trades do you take daily? how many do you win? Do you document all your trades & study on the wins & losses? have you ever learned from your mistakes ,do you feel progress everyday?
đ„Have you used a demo account to practice your trading skills & backtest your strategies? how long have you practiced in a demo account? what is your winrate?
đ„Do you check the total & circulating supply of the coin? Do you know what marketcap means & how it affects the price in future?
If you don't have a solid answer for these questions,you must rethink & start learning all these before you can trade & make some Profits.
Ask me your doubts in the comments đŹ, I will be happy to helpâ€ïž
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