What were the biggest misconceptions you've been under as a beginner trader? I'll start!

Misconception #1 "I'm losing my trade because I don't have perfect entry"

Lesson learned: There are no perfect entries in trading. If you wait for a perfect signal or a perfect candle, you'll end up not trading at all.

Misconception #2 "I need to find the best indicator and best strategy to win the trade"

Lesson learned: Indicators are not 100% or even 80% right most of the time! Soley relying on a pre build indicator and strategy will only make you emotional in the long run! "Why did I lose?! I followed my strategy perfectly and yet I lost?!" is what all of them say.

How bout you? What're your biggest trading misconceptions? #BTC☀ #CryptoNewss #BinanceTurns7

I can turn $100 into $1,000,000! Just follow my strategy!

This is one of the biggest scam to ever exist in the crypto trading space! Here are reasons why this isn't possible for regular crypto traders:

1. Greed - Most traders in the crypto space are in it for quick money. Using scam paid signals, scam courses, and joining private groups just to make a quick buck!

2. Delusion - Making a 10$ profit from a 100$ requires a 10% market move. Unless you are using 100x Futures account (which is delusional) you won't even make it to 1000$. A reasonable trade will result to reasonable profits. Delusional trades will result in wiping out your account.

3. Fear - Trading the market is ruthless! 90% of the time you will be in a paper loss. Do not believe anyone who says they never end in paper loses! With this knowledge it is impossible for any trader to be 100% confident in a single trade, this is why you are taught to average your entries and not put all eggs in one basket. Anyone who believes that they are not under the mercy of the market is full of cr@p!

#BinanceLaunchpoolHMSTR #BinanceTurns7 #DOGSONBINANCE #TelegramCEO $BTC

An overlooked strategy: Market Exhaustion

What is market exhaustion?

It refers to a point in trading where the momentum of price begins to weaken (uptrend or downtrend), which results in a potential pause, or correction. It occurs when price has been pushed to the extreme.

How to spot market exhaustion

1. Over-extending prices
When emotion (green or fear) causes price to rise or fall sharply to the extremes buyers or sellers experience "exhaustion". This means that there are fewer people willing to continue pushing the price further.

2. Loss of momentum
Using indicators such as the Relative Strength Index (RSI) & Moving Average Convergence Divergence (MACD) allow traders to determine whether or not momentum is fading.

The RSI measures oversold and overbought levels which. Being oversold indicates that price has been rising too quick and could correct soon, whilst being overbought indicates a rapid selloff that could result in a correction.

The MACD utilizes the covergence of the signal line. Price trading above (bullish) the signal that start to cross below the signal line shows momentum slowing down which could trigger a price correction.

3.Candle stick reversal patterns
Candlestick with long wicks are often signs on exhaustion. In simple trading psychology, this means that he price moved far in one direction but was inevitably rejected. Patterns like doji, engulfing candles, hammers, and shooting stars are all potential candidates.

Follow along for practical examples of market exhaustion.

What are your worst experiences, biggest lessons, and hardest pills to swallow in your trading career?

#DOGSONBINANCE #TelegramCEO #CryptoMarketMoves $BTC

What are your favorite trading strategies? I'll start!

1. Price Action trading strategies
2. Smart Money trading strategies

#CryptoMarketMoves

100% win rate in the last 7 days. With the right risk management and trading management, anything is possible.

Trying to make a safer place for copy traders to start their investment journey! 🙏❤️

@AppleTrading!

If you've been SUFFERING FROM LOSSES, @AppleTrading can fix that! After years of careful market analysis, I've cracked the code!

AppleTrading is your key to a SUCCESSFUL TRADING journey! JOIN NOW!#TON #DOGSONBINANCE #CryptoMarketMoves #BTC☀

The start of something great! Join @AppleTrading today!

Earn 10%-20% Weekly! Full proof strategy!

It was a fun 4 years bois, but we've officially lost everything!

I'll see you soon Crypto!

Stable and Profitable! 💸

Closing in on a month of Lead Trading and I can confidently say the Lead Trading account, AppleTrading, is earning a 10%-20% return weekly!

See for yourself!

#CopyTradingDiscover #BTCFOMCWatch #ETHETFsApproved #altcoins #BTC

Profits! 💰

Closed all my long position yesterday and made a decnt profit amids the market crash... How'd I do it?

Answer: Trade Management

Comment down below if you also want to learn how!

Let's test your Knowledge! 🤔

1.What does NFT stand for?

A) Non-Fungible Token
B) Non-Transferable Token
C) Non-Functional Token
D) Non-Financial Token

2.Which blockchain is most commonly associated with NFTs?

A) Bitcoin
B) Ethereum
C) Ripple
D) Litecoin

3.What was the name of the first NFT project?

A) CryptoPunks
B) CryptoKitties
C) Decentraland
D) Axie Infinity

4.Who is the digital artist behind the famous NFT "Everydays: The First 5000 Days"?

A) Pak
B) Beeple
C) Fewocious
D) Trevor Jones

5.In which year did the NFT market see a significant boom, with record sales and widespread adoption?

A) 2018
B) 2019
C) 2020
D) 2021

Comment your answers down below and you might just win a prize!

Pet Peeves 😡

What's the most infuriating things you've experienced in the Crypto space?

I'll start:

"Buy my trading signals and get rich quick!"

#TopCoinsJune2024 #ETHETFsApproved #BTC #bitcoin

❓ Would you rather ❓

1. Trade Bitcoin or Meme coins?

2. Go back in time to invest in Bitcoin or go back in time to invest in a meme coin of your choice!

----------------------

What are your top meme coins for the month of June? Let me start! $WIF

#TopCoinsJune2024 #mememcoinseason2024 #bitcoin

💰 MILLION DOLLAR QUESTION! GO! 💰

If tomorrow you wake up and won a $1Million trade, what the first thing you'd do with that money? Go!

#Binance200M #altcoins #altcoins #bitcoin

How much did you lose in todays dip? 📉

Let's find out what you could've done to turn the trade around, and what you could do in the future for better trades!

Who's up first?!

Liquidated? Here's some reasons why!

1. FOMO! Everyone wanted in on the next big move with no regard to market structure.

2. Terrible take profits and stop losses. This only proves my point on a recent post; Take profit levels too high and stop losses too tight.

Remember to account for sudden price outbursts and set your stops below the recent low of a major time frame.

3. Poor trade management. Not only do most traders go all-in feeling confident in a trade, but they also put their entire portfolio at risk.

As a rule of thumb, risk only what you can afford to lose.

#bitcoin #BTC #altcoins

Big Dip! 📉

Massive dip over the entire crypto space today, seasoned traders see this as an opportunity to buy.

Before buying, here's a reminder:

1. Never go all in, remember to average your entry point for maximum profits!
2. Be careful of retest zones as you can easily get liquidated.
3. Determine major areas of support. If broken, be cautious of buying.

#altcoins #BTC #bitcoin

📈 Wins and Losses 📉

Are your trades still ending in losses? Let me tell you about Trade Management.

What is Trade Management?
- Simply put, trade management is everything you do after putting a trade.

What common mistakes do people do while trading?
- Setting absurd take profit levels and tight stops.
- Leaving the trade after orders have been made.
- Panic selling after coming back to an unrealized loss.
- Solely relying on indicators and candlestick patterns.

How do I effectively manage my trades
- Remember to check your trades often and assess whether your setup has been invalidated due to a change in market sentiment. If in profit, take the profit and leave. If in loss, cut your losses and resrategize.
- Add to your position in increments. Scaling in ensures that you have the best price for your trade whether it is losing or winning. Never go all in on a trade. Remember, no one can predict the market.
- Use your emotions to your advantage. Most traders would think that having emotions while trading hinders your ability to make decisions, but in reality it protects us from making the wrong moves. For example, if you're feeling uncertain about putting a trade, step back and disconnect from the situation, If you're scared of losing your short term profit, take partial profits and adjust your stop loss to prevent losses.

Are these methods full-proof?
Simple answer, no strategy is full-proof. You'll only lose if you give up.

#ETHETFsApproved #altcoins #BTC