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.

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