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#RiskRewardRatio If trading was simply charts and trends, the first millionaire would be you....... What do I mean? The charts say one thing and the news say another. The trends go up but change the second you long? or go in the position? It happens to the best of us... Patience is key, but consistency is golden. Thus, we will discuss a very interesting topic today, and that is Risk Reward Ratio. The question is simple. How much are you willing to risk? Ever heard the saying, big boys don't chase win rate, they chase a really good RRR. Now how in the world will you even know whether you have a good RRR or not? Even if you lose 7 out of 10 trades and your RRR is 1:3, You still made profit. You still don't get it? I'll break it down more and add a secret tip. Don't risk $100 to gain $20. That isn't trading that is donating... Watching for the next post, I'll explain Swing trading, Scalping and Intraday. Don't forget, look for setups where losers feel like winners and winners feel big. You don't have to fail to win. That's what they already did. Proper preparation prevents poor performance.
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#StopLossStrategies You blew this account too? Really lil man? No worries, I'm here for you. The market has been very rough and unpredictable nowadays and I just happened to scour the internet for some of the best ways to overcome losses and that method is the use of.......... STOPLOSS. How do they work? How can you use them effectively? No worries, I listed them below. 1. Using a fixed stop loss: This is the easiest and most used. How does it work? Just choose the best market stop loss that the broker will give you. Maybe 5%, 4% just stick to it. 2.Use the previous High or Low as your stop loss. Now if you don't know what your Highs and Lows are, kindly take the kid's menu and leave the red meat to the big men. 3. Volatility stop loss; This rule is easy to follow. If the big candle shows up and it's green, you just meet volume, make your stoploss wider. If the candle is small, set a tight stop loss cause that's what a volatile market looks like. 4. Trailing Stop Loss: My personal favorite so far. Why? Because you don't have to do any work. Just set the parameters and watch the system work in your favor. Consider this a personal favorite and fully recommend it to all beginners. Bonus: The stoploss is like a seatbelt, it feels constricting and boring till you crash. Don't forget to bookmark and save for later. Cheers, and may the best player win.
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#BinanceSafetyInsights The market was just slapped with another rug pull mostly close to the chill-guy-meme that went viral after tiktok did all the marketing. The best part? They locked out the selling function for holders and people still but it anyway. Why would people do that? Was it fear or hope? It was neither. Greed being the reason behind the most riduculous trades that are done with the hope for overnights-profits and sudden conversion into a millionaire. Knowing the purpose of community driven tokens are meant to push you. The more the hype, the more the risk of it being a scam because the higher the opportunity to be scammed, the more likely you Will be scammed.
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#BitcoinWithTariffs $BTC going across the world in global transaction? Just in, the Lomond School in Scotland has become the first UK boarding school, which accepts Bitcoin for tuition fees. What's your say? Is this the future? Or someone has got to give them a reality check? The difference in money and bitcoin has become more minimal as more systems across the world move in the direction of crypto trading. What does this mean? Are the sales and value of cash going to crash? Let us wait and see" that is the voice of doubters"... Let us HODL, that's what the crypto giants will say.... What do you have to say? Let me hear it in the comments.
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WHAT’S THE CONSPIRACY ABOUT $ETH Many people are talking about the secret pump that is going to happen so fast, we won’t be able to keep up but is this true? Many investors are calling it the “generational support” aiming to break generational resistance. Are there clues we are missing? Or is this another folk story gaining attention? Thus, I question thee fine lad, what say you? #ConspiracyTheory #ETH🔥🔥🔥🔥🔥🔥
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