TEAM
🚨Key aspects to watch out for when executing or having desire to participate in any given trade. Don't skip,you may live to regret that
(you will thank me later)
↪️Relate crypto trading to jungle life
🚨In a jungle,a predator to some animal is a prey to another animal,the reverse is true
🚨A few minutes you are a predator (trader) and the prey(profits) aiming at instant wealth and within a few seconds from now, you(trader) are being preyed upon (by either liquidation or market approaching your stop loss)
👉Traders in futures trading know exactly what am talking about unlike spot trading which is less risky
🔘Therefore in a jungle,never judge an animal by it's size,the animal that overpowers the counterpart comes out victorious regardless on who attacked first.
📍Always remember this when trading crypto
🟢Traders have evolved to new strategies to overcome uncertainties;
🕹️Rules for Prosperous Trades;
➡️1;Set entry points
👉Always know the exact price range to enter either a long or short trade
👉short trade for maximumly pumped coins and long trades for dumped coins
👉Trade the dump and enjoy the pump(this is because that particular coin would have already bearished and in preparation for fresh pump
➡️2; Set stop loss
👉Stop loss is always your saviour in incidences when the trade reverses your predictions.
📍either set stop loss or suffer the consequences of liquidation
➡️3;Low leverage use
👉Low leverage=High liquidation prices from entry prices=minimal risk to losing trades
➡️4;Set smaller take profits
🚨Crypto markets aren't straight paths
↪️A small journey begins with a single step and also floods begin with a single drop of rain
📍"A hen always aims at what it's capable of swallowing.always swallow profits within your capacity or suffer the consequences of being choked"
📊Crypto market is very volatile,pumps followed by dumps depending on your trade predictions
↪️I always encourage tp(10%,20%,30%,40%,50%). this is because before the trade reverses your predictions,you would have already taken profits
💥KEY NOTES
🔘Greed kills Ambition
👉Know when to hold (during consolidation phase a trade)
👉Know when to walk away (take profit when there's still time)
👉Know when to run (Incase the trade reverses your predictions)
👉Patience and composure (ups and downtrends in any trade are inevitable)
👉Avoid emotional attachment (crypto trading isn't an affair or else be ready to suffer mental breakdown)
🔘Alright TEAM
📍Hope you have learnt something.incase of anything missing,let me know in the comment section.
🙏Follow, Like, Share and Comment
📊More Updates coming soon
🔴watch out,never miss any of my post