๐ฅHow I lost $100,000 before learning these strategies - and I recovered it all in two days๐ธ
How I lost $100,000 before learning these strategies - and I recovered it all in just two days
It is said that losses teach you more than gains. That's exactly what happened to me when I lost $100,000 in the blink of an eye. I did not respect any stop-loss, nor technical tools, but I simply traded emotionally. I was betting, I was not trading. But the turning point came when I finally learned to use these sixteen essential trading tools - and in just two days, I recovered everything. Here's how I did it:
1. Fibonacci Levels ๐
I was looking for tops and bottoms until I discovered the power of Fibonacci retracements. These levels acted like a magnet for price, indicating the most likely spots for reversals. I stopped guessing and started entering during thoughtful retracements.
2. Fork ๐ช
This tool helped me visualize trend channels accurately. It allowed me to determine dynamic support and resistance levels, providing my trades with a clear roadmap instead of blind hopes.
3. Fibonacci Arcs ๐
I used arcs to predict potential reversal zones in a curved manner. And by combining them with horizontal levels, it gave me early signals on when a breakout or correction would occur.
4. Short and Long Orders ๐๐
Before this: I placed buy and sell orders randomly. After this: I learned the difference between a strategic entry into buy and sell orders, and I placed stop-loss orders below trigger zones, with targets based on trading structure.
5. Gann Square and Gann Fan ๐ฉ๐
Time and Price - the foundation of Gann's theory. Once I learned to plot Gann squares and their fans, I was able to see the convergence of time zones and price angles during significant movements.
6. Inner Fork ๐
While the normal fork traces the main trend, the inner fork allowed me to monitor small trends within ranges - ideal for day trading and intraday setups.
7. Triangle and Flag Patterns ๐บ๐
These two saved me from false breakouts. I noticed the formation of continuity patterns, and I waited for a confirmation of the breakout and trading volume. The result? An entry at the beginning of the momentum.
8. Trend Lines ๐
Trend lines seem obvious, but they helped me track breakouts and retest. I started using them in conjunction with the relative strength index and trading volume - a perfect combination for precision.
9. Elliott Waves ๐
Waves helped me understand market psychology. I started to distinguish between momentum and correction phases. I no longer entered dead zones, only at the ends of waves.
10. Horizontal Lines and Price Ranges ๐๐
Planning support and resistance was not enough. I learned to identify price ranges, which helped me anticipate accumulation and distribution zones - ideal for planning reversals or breakouts.
11. Flags and Pennants ๐ฉ๐ช
These two patterns changed my breakout trading forever. Flags = continuity. I entered after a precise consolidation with a precise determination of stop-loss levels.
12. Data Range and Volume Squares ๐ง
I started observing where most trades occurred. These zones (volume node) became solid liquidity areas, where whales move.
Armed with these tools, I established a plan. I did not enter any trades unless they were compliant with at least three confirmations from the tools mentioned above. I stopped trading noise, and I started trading structure, psychology, and data.
In just 48 hours, I recovered every penny of my $100,000 loss. Since then, I no longer look at trading the same way.
If you trade without tools, you are not trading, you are betting. These 16 tools are essential if you trade the $BTC
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