Do not FOMO! You will always have another opportunity with safer entry & good risk reward. Just be patient to wait for the one
2) Do an analysis & stick to it
After you analysed the market and entered the position, you may start changing the analysis, so that you will fool yourself. Stick to your initial plan.
3) Never Revenge Trade
If you having series of losses, you better off the market for some time, rather than start revenge trading in order to get instant profits.
4) Always have a Stop-loss
If you are new to the market, always have a hard stop which protects you from even more losses.
5) Risk Reward Ratio
Your risk reward ratio has to be 1:2 as minimum, otherwise you risk your money for nothing. As well do try to use "too good" risk reward ration ex. 1:10, you may face the difficulty to even close your position.
6) Buy Pullbacks
If structure is bullish, do not be fearfull to buy at supports! And opposite for the bearish structure, sell resistances.
7) Always keep learning
Read books and do courses which will help you to improve your skills. Small advice here, always check the information in order not to learn from pseudo experts.
8) Chart is your dictionary
Be familiar with candlestick patterns, formations and reversal signals.
9) Compound gains
You won't become an overnight millionaire. You will lose hard if you start to rush, increase your risks and so on. Be patient and enjoy small gains.
10) Have a plan
At final you always need to have a plan before you enter any position. Know RR, calculate your stop-loss, and now if you can accumulate more !!!
- Entry - Exit - Risk - Following plan - Patience - Mentality
Things you CAN’T control:
- Raw outcome of trade - Timing of results (losing streaks) - Way market moves
We are guiding you very often 24/7 ... so trust the process...something patience is everything ... looking at loss is not actual loss ... you just cant imagine how fast it converts into profits !!!
Reason, they are not able to hold--they sell in fear and take in greed, that's why !!
So always focus on holding in spot--whatever you like when the time comes everything will fly their own time--before the time nothing happens whatever you do, you can change your coins you can shift your holding but nothing happens you will ultimately miss your luck 🤞
People think they will gonna lose capital but if u think about making profits, capital is not the reasons...If you have less capital it will be not grown automatically, it needs to be invested somewhere definitely so you can able to hold and it takes time nothing happens instantly 😁
When it happens you will be out remember this thing because the holding power is not enough sometimes--you take out with little profits as well so it's also the reasons people not able to make money whatever they wants !!!
Those guys who keep patience and enjoy life they get more money then who check daily portfolio 😂
AS THE MARKET RISES, MOST #BTC IS NOW PROFITABLE, WITH ONLY 13% ACQUIRED ABOVE $48K AND HELD AT A LOSS. THE CHART SHOWS THAT 87% WERE ACQUIRED BELOW $48K, WITH A LARGE SHORT-TERM HOLDER CLUSTER AT $40K-$45K. LONG-TERM HOLDERS DOMINATE THE 13% IN LOSS, REFLECTING THEIR ACTIVITY DURING 2021'S 141 TRADING DAYS.
UK and Japan slips into a recession today with last 6 months earnings of 2023 coming in negative, this will have impacts beyond their borders and this is why the current pumps in the markets are only timely pump which is an indicator of a last major exit from the markets of equities, commodities, basically high risk assets, money will be flowing out soon from here.
Thus, taking profits as we go up is impoirtant! NO one and I say NO ONE can tell anyone exactly the top tip point, we were able to identify the exact bottom but its not necessary to have the exact top.
We will stick to the TA and 52 - 55K BTC is our 25% atleast profit zone to encash. Same goes for stock market.
The current run up is only in the anticipation of monetray easing with rate cut, this is a timely pump into market based on the future money printing being relaxed, its not new money but existing money entering creating the current bubble....
The actual affects of the economies slowing down will come soon around US election time, that is the time for which we have to prepare.