$BTC #shareyourthought

trading operation I’d recommend for crypto or general markets—focused on discipline, risk management, and data-driven decisions:

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1. Pre-Trade Preparation

• Market Research: Check news, sentiment, and macro factors.

• Chart Analysis: Identify key support/resistance, trends, and patterns using candlestick charts and indicators (RSI, MACD, moving averages).

• Set Goals: Define target profit and maximum acceptable loss for each trade.

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2. Entry Strategy

• Enter trades based on confirmation signals—like a breakout above resistance, bounce from support, or favorable indicator crossover.

• Use limit orders for better price control, or market orders for quick execution in volatile markets.

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3. Risk Management

• Use stop-loss orders to limit downside, typically 1-2% of portfolio per trade.

• Calculate position size based on risk tolerance and stop-loss distance.

• Avoid over-leveraging; keep leverage low or none unless very experienced.

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4. Trade Monitoring

• Monitor price action and volume regularly.

• Adjust stop-loss to break even or trail it once the trade moves favorably.

• Watch for signs of reversal or weakening momentum.

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5. Exit Strategy

• Close trades at predefined targets or when technical indicators suggest trend exhaustion.

• Partial profit-taking can lock in gains while letting the rest ride.

• Avoid emotional decisions like holding through a reversal or chasing losses.

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6. Post-Trade Review

• Record the trade details, outcome, and lessons learned.

• Analyze both wins and losses to refine the strategy.

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Tools I Use:

• TradingView for charting.

• Binance or Coinbase Pro for execution.

• 3Commas for optional automation and alerts.

• Google Sheets for trade logs.