CYCLOPS-PK

After My LONG Trading Journey in Crypto Field, I am Glad to share some useful Rules and Tricks with you.
1. Never be greedy. Never hop in at once in a trade.  Look for better entries.
GODLY ENTRY...
How to get GODLY entry:
Enter a trade in 3 steps. Wait for signal and enter in first entry with 30% of alloted amount... if it go well then it is good dont regret.
2. If it dont go in your way. 30% DCA at 30% red and then 40% again DCA if it go to 50% loss .
Always try to enter near stoploss given.
3. Whether you are in bull market bear market. Stoploss is a must.
Honestly guys i lost a lot when i sleep in a green going trade and wake up liquidated.

5. If you enter a trade and suddenly it is going red and you are sure that it can go down and you entered a wrong trade then cut it half at entry and wait for DCA.
6. Always use small leverage. Remember that leverage can be increase latter. It can maximize profit but it can also liquidate you...
Actually leverage doesnt matter when you have portfolio . Pro traders use  low leverage and increase when in safe heaven.

7. Take profit along the way. Never be too greedy or it is not written anywhere that you MUST take profit at TPs given in signal. Best rule is that you should take profit at 20% 50% and then so on.

8. Remember to move stops . Once you enter a trade.
(a)... move stoploss to given price in signal
(b).... move stops to entry (Break Even) when you are up 20% or first tp. Never be lazy to do so. Cut 50% trade at first tp
(c) ... move stops to first TP when you are up 40% and above...cut 75% at tp2

9. Rule of the thumb is that you must must take all the trades with similar amount. If you take one with 10$ and it succeed and then next 20$ trade hit stoploss then you will have more loss than profit.

10. Before taking any signal. DYOR. Do your own research. Look at 15TF , 1hr, 4hr and daily time frame. Look for bearish divergence, double bottom, double top, ascending trainagle, bullish closure, candle stick representing any information. Then analyse it. These are the most basic things.

11. Learn to DCA at RIGHT TIME. It is necessary to learn this in trading. A technical mindset means a great DCA.  Dollar Cost Average is fun to do always. It will minimize your risk of getting liquidated and have great rewards in crypto when you go from loss to profit.

12. Always manage your risk. How good a trade is and how good your analysis is but never jump all in one trade. I see people losing huge money in one trade only.

13. Use professional apps like Trading view to analyse and watch markets.
One market always affect the other.
Gold, silver, Dollar$ and stocks these are always co related.

14. Always keep yourself updated about the market, current world situations.

The more you take the trading serious. The more you will make money and lesser loss.

15.Stoploss
What is stoploss
A Stoploss is simply a point where a setup of a given signal INVALIDATE AND PREVENT ONE FROM FURTHER LOSS.
With a StopLoss presence it quickly gives you idea of possible loss and it can help you manage your risk.. so say you made $20 from a trade and your capital was $100.. when you enter next trade you should only be risking amount from previous profit or a $1 or 2 added from initial capital...for that even if you have to enter with a position size smaller than previous trade

And if it's giving $5-12 at any point.. pull out with that.. you'd still be $30 up over your initial investment

People go greedy when they start winning.. and lose it all at once

And you can repeat the cycle

Say on third trade you lose $5 .. even after that you have $25 profit

But that third trade can cause $50+ loss too if you get excited of 2 consecutive wins and risk big on next trade
And people mostly lose quickly when they risk big.. risking big works best when you're somewhat reading the market

16.Welcome StopLoss with the same spirit you accept profits.
When in a trade, either it is stoploss or TP. ""