#TradingTools101 : The Trader’s Survival Guide 🧭
Welcome to the jungle, trader. Markets are wild, emotions run high, and without the right gear—you’re dinner.
Step 1: Charting Tools (Your Compass)
Platforms like TradingView help you spot danger (aka fake breakouts) before they eat your account. Indicators like RSI and MACD are your trail markers—ignore them, and you’re just guessing in the dark.
Step 2: Risk Management (Your Armor)
Always use a stop-loss. It's not weakness—it's wisdom. Think of it as your emergency parachute when the trade turns into a nosedive. Also: position sizing. Going all-in? That’s not brave, it’s reckless.
Step 3: News & Sentiment (Your Radar)
Use aggregators like CoinGlass or FXStreet to avoid stepping into geopolitical landmines. Market mood swings faster than a toddler off sugar—stay alert.
Step 4: Bots & Alerts (Your Sidekick)
Set alerts. Use bots if you must. But remember: even R2-D2 had limitations. Don’t trust them blindly.
Survive. Adapt. Trade another day.