CRYPTO STRATEGY & KEY POINTS;
11 CRYPTO SURVIVAL RULES I LEARNED THE HARD WAY;
1️⃣ STOP-LOSS OR GET STOPPED: Always set a stop-loss,No excuses.
2️⃣ LEVERAGE KILLS ; 20x? 30x? NO. Stick to 1-5x or liquidated in a wick. Start with Spot trade. Never try future untill u r confident that u can do that. Future trading can destroy you in just a wick. So trade wisely with small margin and low leverage.
3️⃣ DCA( dollar cost averaging )LIKE A PRO: If a trade accumulates, average down strategically.
4️⃣ TRADE WITH THE TREND: Fighting the market? You’ll lose, Always.
5️⃣ FOMO = FAILURE: Chasing pumps? than enjoy the dump in no time. Never let your emotions take over.
6️⃣ LEARN AND MASTER CHARTS: Candlesticks & patterns, through youtube videos, give atleast 1-3 hours on learnig these will be your survival kit. Than practice on demo account.
7️⃣ TRADE IN STRONG COINS: Memes are risky… until they crash 90%. So better to aboid. The dream to be a millionaire in a week or month is not possible. Wakeup from the dreams.
8️⃣ RISK 1-2% PER TRADE: According your portfolio or Blow your account?
9️⃣ PNL ANALYSIS : if the LOSE is 95%. BE THE 5%: This isn’t a game, it’s real.
🔟 STAY ALERT SOCIALLY AND TECHNICALLY TO STAY ALIVE: if Distracted? The Close your app immediately and have break.
1️⃣1️⃣ GREED and EMOTIONS: Greed is a curse, take reasonable profit than again take entry on dips and never copy anyone, so don't let your emotions overcome you. Never invest more than you can't afford to loss.
HOW I RECOVERED: Discipline + Strategy = Profit. Now I trade SMARTER on #Binance.
Hope you find this strategy will be helpful.
FINAL ADVICE;
FOLLOW ME,🔔 TURN ON NOTIFICATIONS(i am not a expert but lossed 20,000$ in 2 years) next 1.5 year on the way of recovery and litteraly I haven't recovered all till now.
But these key points and sticking to these helped me to recover.
BOOKMARK THIS POST than reread it before your next trade.
🚨 REMEMBER Crypto rewards the patient, not the greedy.
❤️ LIKE & SHARE if this helped and saved your portfolio
⚠️ ⛔️ : Trading = risk. Never invest more than you can lose.