MthsGmz YuanFen
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https://safu.im/PBG1TazZ
Who Participates in the WODL?
Who Participates in the WODL?
https://s.binance.com/7lx7X84j
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I was a victim of the misuse of leverage
Leverage, use it wisely, it's your weapon.
🚨 90% of traders lose money due to leverage! Don’t be the next victim! 😱🔥
💰 But if you use it wisely, you can 10x your profits like a pro! Here’s how 👇
📌 Step 1: Start Small & Stay in the Game 🛡
✅ Use 2x-5x leverage if you’re a beginner.
❌ Avoid 100x YOLO trades—they destroy accounts fast!
📌 Step 2: Set a Stop-Loss or Regret It Later ⏳
🔹 Stop-loss = your lifeline (2-5% below entry).
🔹 Never risk more than 1% of your account per trade!
📌 Step 3: Follow the Smart Money 💰
🔹 Track whale liquidation maps (Coinglass, Binance).
🔹 Remember: The trend is your friend—don’t fight it!
⚠ Final Warning:
Leverage isn’t the enemy—overusing it is what wipes traders out! 💀
🔥 What’s the highest leverage you’ve ever used? Share your experience below! 👇
💰 But if you use it wisely, you can 10x your profits like a pro! Here’s how 👇
📌 Step 1: Start Small & Stay in the Game 🛡
✅ Use 2x-5x leverage if you’re a beginner.
❌ Avoid 100x YOLO trades—they destroy accounts fast!
📌 Step 2: Set a Stop-Loss or Regret It Later ⏳
🔹 Stop-loss = your lifeline (2-5% below entry).
🔹 Never risk more than 1% of your account per trade!
📌 Step 3: Follow the Smart Money 💰
🔹 Track whale liquidation maps (Coinglass, Binance).
🔹 Remember: The trend is your friend—don’t fight it!
⚠ Final Warning:
Leverage isn’t the enemy—overusing it is what wipes traders out! 💀
🔥 What’s the highest leverage you’ve ever used? Share your experience below! 👇
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Something I didn't know and needed to understand.!!! 👌🏻
Volume is key to interpreting the strength of price movements. A rise or fall with high volume is usually more reliable, as it indicates greater participation from traders. Conversely, low volume may mean that the movement is weaker or less sustainable.
Key points about volume:
1. High volume in an upward trend:
Indicates strength and more buyers than sellers, which supports the movement.
2. Low volume in an upward or downward trend:
May mean that the trend is not sustainable and could soon halt.
3. High volume during a correction or pullback:
Can signal a healthy correction or order absorption with little change in price.
4. Volume and breakouts:
If the price breaks a key level with high volume, the movement may continue. With low volume, the price could return to that level.
If volume suddenly increases, watch the price. An increase in volume can indicate a strong change in direction. If volume decreases while the price remains the same, the trend could be losing strength.
Analyze how volume and price interact to identify patterns and anticipate movements.
Key points about volume:
1. High volume in an upward trend:
Indicates strength and more buyers than sellers, which supports the movement.
2. Low volume in an upward or downward trend:
May mean that the trend is not sustainable and could soon halt.
3. High volume during a correction or pullback:
Can signal a healthy correction or order absorption with little change in price.
4. Volume and breakouts:
If the price breaks a key level with high volume, the movement may continue. With low volume, the price could return to that level.
If volume suddenly increases, watch the price. An increase in volume can indicate a strong change in direction. If volume decreases while the price remains the same, the trend could be losing strength.
Analyze how volume and price interact to identify patterns and anticipate movements.
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Excellent! 🙌🏻
Clearly define your timeframe
If you are scalping, wait for the candle close on 1m, 5m, or 15m before confirming an entry.
If you are day trading, check the candle closes on 1H and 4H.
If you are swing trading, pay attention to the daily or weekly close.
2. Avoid entering breakouts before the candle closes
A level may seem broken, but if the candle does not close above or below, it is just a trap.
3. Control emotion and impatience
Do not let the fear of "missing the opportunity" make you act prematurely.
Remember that the market always provides more opportunities.
4. Review candles of higher timeframes
Before entering a trade on 5m, check what is happening on 1H.
Before trading on 1H, review the daily chart.
5. Practice with discipline
You can train yourself by observing how candles change before closing.
Do backtesting to see how many times you could have avoided a bad entry by waiting for the close.
If you follow this rule, your trading will be more precise, and you will reduce unnecessary losses. Patience and discipline are key!
If you are scalping, wait for the candle close on 1m, 5m, or 15m before confirming an entry.
If you are day trading, check the candle closes on 1H and 4H.
If you are swing trading, pay attention to the daily or weekly close.
2. Avoid entering breakouts before the candle closes
A level may seem broken, but if the candle does not close above or below, it is just a trap.
3. Control emotion and impatience
Do not let the fear of "missing the opportunity" make you act prematurely.
Remember that the market always provides more opportunities.
4. Review candles of higher timeframes
Before entering a trade on 5m, check what is happening on 1H.
Before trading on 1H, review the daily chart.
5. Practice with discipline
You can train yourself by observing how candles change before closing.
Do backtesting to see how many times you could have avoided a bad entry by waiting for the close.
If you follow this rule, your trading will be more precise, and you will reduce unnecessary losses. Patience and discipline are key!
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tell me what I have to do
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can you pass me info?
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Excellent.
Thank you for the advice and opinion.
Thank you for the advice and opinion.
🚨 THE BIGGEST MISTAKE I MADE IN TRADING: DON’T REPEAT IT! 🚨
If you're new to trading, don’t make the same mistake I did. I wasted years focusing on the wrong things. Here's the harsh truth: memorizing candlestick names and patterns won’t make you a successful trader. It took me YEARS to realize this.
I spent my first year trying to master every candlestick pattern out there, only to discover by year 3 that trading is not about memorizing – it’s about understanding the bigger picture.
Here’s what REALLY matters in trading:
🔑 1. The Trend is Your Friend
The market moves in trends—uptrends, downtrends, sideways trends. Recognizing the trend early aligns your trades with the market's direction. "The trend is your friend until it ends." Use tools like moving averages or trendlines to spot trends effectively.
🔑 2. Focus on Support and Demand Zones
Forget obsessing over candlestick names! Focus on support and demand zones – areas where the price is likely to reverse. These zones are goldmines for better risk-reward ratios. Learn to spot price action at these levels for more precise trades.
🔑 3. Master Risk Management
No matter how good your analysis is, the market can always go against you. Always define your risk before entering any trade. Your capital and your mindset are your most precious assets.
🔑 4. Trading Psychology is EVERYTHING
Trading isn’t just about strategy – it’s about discipline. Fear, greed, impatience… they can destroy your trading career. Stay calm, stick to your plan, and make decisions based on strategy, not emotions.
📈 Candlestick Patterns: The Last Thing to Learn
Candlestick patterns like engulfing candles or pin bars can give you market sentiment, but they should come after you've mastered trends and support. Stop wasting time memorizing every pattern. Focus on the ones that matter.
🔥 Final Advice for New Traders:
Start Simple: Master price action, trends, and key levels. These are the basics that will set you up for success.
Don’t Overcomplicate It: Skip the confusion of complex indicators and patterns. Keep it simple.
Never Stop Learning: The market evolves, so should you. But focus on what directly improves your trading.
Find a Mentor or Community: You don’t have to do it alone. Learn from experienced traders and avoid the mistakes I made.
⚡️I wasted years not understanding the core principles. YOU don’t have to. Focus on what really matters, and the rewards will follow.
🔴 Follow me for upcoming live trading on Binance!
#MarketPullback
#marketrebounds
#tradingtips s
#CryptoJourney
#InvestSmart
I spent my first year trying to master every candlestick pattern out there, only to discover by year 3 that trading is not about memorizing – it’s about understanding the bigger picture.
Here’s what REALLY matters in trading:
🔑 1. The Trend is Your Friend
The market moves in trends—uptrends, downtrends, sideways trends. Recognizing the trend early aligns your trades with the market's direction. "The trend is your friend until it ends." Use tools like moving averages or trendlines to spot trends effectively.
🔑 2. Focus on Support and Demand Zones
Forget obsessing over candlestick names! Focus on support and demand zones – areas where the price is likely to reverse. These zones are goldmines for better risk-reward ratios. Learn to spot price action at these levels for more precise trades.
🔑 3. Master Risk Management
No matter how good your analysis is, the market can always go against you. Always define your risk before entering any trade. Your capital and your mindset are your most precious assets.
🔑 4. Trading Psychology is EVERYTHING
Trading isn’t just about strategy – it’s about discipline. Fear, greed, impatience… they can destroy your trading career. Stay calm, stick to your plan, and make decisions based on strategy, not emotions.
📈 Candlestick Patterns: The Last Thing to Learn
Candlestick patterns like engulfing candles or pin bars can give you market sentiment, but they should come after you've mastered trends and support. Stop wasting time memorizing every pattern. Focus on the ones that matter.
🔥 Final Advice for New Traders:
Start Simple: Master price action, trends, and key levels. These are the basics that will set you up for success.
Don’t Overcomplicate It: Skip the confusion of complex indicators and patterns. Keep it simple.
Never Stop Learning: The market evolves, so should you. But focus on what directly improves your trading.
Find a Mentor or Community: You don’t have to do it alone. Learn from experienced traders and avoid the mistakes I made.
⚡️I wasted years not understanding the core principles. YOU don’t have to. Focus on what really matters, and the rewards will follow.
🔴 Follow me for upcoming live trading on Binance!
#MarketPullback
#marketrebounds
#tradingtips s
#CryptoJourney
#InvestSmart
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