🏷️ Starting first with goals for 2024 💸1. Will buy a new home for my parents.2. Enable my dad to retire, ensuring a life free from work-related stress.3. Elevate our family business to new heights.4. Invest in 4-5 real estate properties for long-term financial growth.5. Cultivate a peaceful and blessed life.📌 Now let's talk about My Trading Journey: From Following to Learning (and Some Psychological Quirks!)🌪️ 2020-2021 felt like a free ride. It was a bull market, and I blindly followed call
⚠️ Show me your friends and I'll show you your future. (Make good traders your friend)
👉 Trading is also the same like
🎯 Sitting with four businessmen, the fifth one, you will become.
(Trade with professional traders and the next professional, you will become)
📢 Let me clear your mind and explain you in better way : if you have experience but still facing losses and trying to be profitable in trading
Just look around your closest friend/mentor who is profitable and making great money Just start copying him.
His style/charts/trades don't go against him and start thinking like him + maintain position size and don't risk high.
Do it for 2 months things will change for sure It worked in my case, i have two friends both are professional and making wife changing money, i mean Life* where i learned things I copied them and applied in my trading life.
Copy in the sense; mark their levels in your charts check their entry exit points think why they took their entry and clear your doubts from them. It'll become easy for you 🙌
Ask your doubts in comments and I'll be happy to help you 🎯
I have shared so many times in my profile, sharing again 📝 Keep your notebook ready
Proper risk management involves calculating the position size before entering a trade to ensure that if the stop loss is hit, you only lose a small percentage of your account balance, typically 1%. 🗿
For example, if your trading account is $10,000, and you are taking a long position, you should only lose $100 if the stop loss is hit. 😼
To calculate the position size, use a position size calculator provided by the exchange, enter your entry price and stop loss as an exit price, and adjust the quantity/size until you get 1% of your account balance as a loss. 🎧
This helps manage risk and avoid losing your entire account on a single trade. 🤓
These types of trading environments are what develop bad habits.
Trading for the most part requires patience allowing the setup that works for your system to develop.
The last few weeks have been relatively risk on meaning you find a setup, execute and it tends to play out rather quickly- I call that instant gratification
So when the market stabilizes you are left with a instant mindset to execute and end up flip flopping setups.
Do what has worked for you in the long run and try to cut the noise out- the market will always provide
Maybe SL hit both but when risk is managed we don't care :
Okay, Some thoughts behind trades
For Eth $ETH Eth Swept OrderBlock closed inside it, broke trendline ( low time frame also retested ) I can see bullish price action forming
I just want to see a good volume MSB in 1 hr ( level 3036 it's also Monday low ) Retest it and I'll try to add
For BTC $BTC
Btc tapped h4 breaker with FVG 50% of Fib at the same level ( also 62% with another high to low fib ) it's called OTE Below these levels we have h4 OB as well . What i want to see next is Levels 61800 and 62600 need to flip these to see bullish signs
Till then we are just forming lower highs and lower lows 🤝
I have called this btc $BTC pump here in my binance square profile 📝
Comment, if you followed 📈
LIVE
trade_smoker
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Btc $BTC just a matter of time, still waiting to open any leveraged position . Started Reclaim above range, so yea if it holds here I'll try to long will update
if daily candle of btc close above 59100 I'll long with less risk
LIVE
trade_smoker
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Btc $BTC just a matter of time, still waiting to open any leveraged position . Started Reclaim above range, so yea if it holds here I'll try to long will update
Btc $BTC just a matter of time, still waiting to open any leveraged position . Started Reclaim above range, so yea if it holds here I'll try to long will update