Emerging Crypto Trader

Good morning friends. What is Trading Psychology? To know whether you've a good one or not, examine the way you trade.

First, do you enter a trade without confluence of multiple indicators just because you're being bored and frustrated and want to do trading? Second, do you keep increasing your stoploss hoping for a reversal while the market is moving against your analysis? Third, do you hurry to exit the trade once the market starts moving against you after giving you some profits? If the answer to any of these questions is yes. You need to work on your trading psychology.

How to improve that. First, be patient and wait till a confluence of at least 3 factors that indicate that the market is now willing to go in a certain direction. Second, set a realistic stoploss that respects the volatility of that market but get you out when a move bigger than normal volatility happens in the opposite direction. Third, set a realistic take profit considering the price structure instead of a random number that you want to earn from. Last but not the least, forget about that trade till your stoploss or take profit is hit.

It'll set you free. From being someone who's constantly bound to the screen to the one who's confidence in his abilities and expectations. Let's win together!

MOST IMPORTANT. Why is Risk Management important? If we aim for a decent R/R ratio, most strategies give around a 60% win rate. It means that out of every 100 trades, we're likely to lose around 40. And losing 5 to 10 trades consecutively is also likely-even with a winning strategy.

Now, let's suppose we've a $100 in our account and we risk 10% per trade, and the tragedy strikes. Losing only 5 trades in a row would cut our account into half and render us unable emotionally to continue with that strategy or even trading.

Therefore, instead of trying to get rich overnight, try to stay in the game long enough to end up being profitable, not immediately but eventually. Let's win together!

As I say, don't blindly short new listings. Turn where market hints and you will be rewarded. $40 up and proceeding.

Never blindly short new listings. Always pick direction. You could have been liquidated by a slight market move against you.

Never blindly short new listings. Always pick direction. You could have been liquidated by a slight market move against you.

This time it's CROSS ➕➕➕

Pengu is giving mixed signals with slight tilt towards shorts. So if anyone is waiting to enter, should wait more. But since you've already entered, hold.

Me looking at people posting trades with 75x leverage and boasting 20% PNL. Bro, with that leverage, even if price breathes, one is either 100% green or 100% read. 😂

The term "over trading" is hugely misunderstood. If you point out 100 valid setups, trade them simultaneously. Only ensure before trading that the setup is valid, and you can manage such a large number of positions, lol.

Do not short $H. Only the funding fee would outweigh your profits.

If you want to try your luck. Stoploss 0.136673, take profit 0.09

Be cautious bro

Every new token makes a couple dollors for me before picking a trend

Price action is the king, dictating all indicators, and volume his prime courtier. Learn to understand what they're thinking, and you need nothing else.

I've found new listings to be the fastest in delivering results. Just pick the right direction

Shorts have historically been more profitable than longs for me.

You're in the right direction with wrong entry. Hold it as of now. Currently, stoploss can't be calculated. Remind me later.

Set stoploss to 0.1394. If this level holds, you're safe

Blessed Friday

Do you people know when double edged swords are formed? And who they cut: buyers or sellers? If not, learn it.