🛑💯 IF YOU REALLY WANT TO BECOME A PROFESSIONAL CRYPTO TRADER THEN YOU SHOULD MAKE TRADING PLAN, STRATEGY,EDGE,SETUP BEFORE YOU PLACING TRADE.BUT 90% OF TRADERS COME IN MARKET WITH THE MINDSET OF ONLY EARNING DAILY.BUT YOUR FOCUS SHOULD BE ON YOUR TRADING PLANS NOT OUTCOMES BECAUSE OUTCOMES ARE THE RESULTS OF PROCESS WHAT YOU FOLLOW. TRADING IS 100% UNCERTAIN BUSINESS SO OUTCOMES ARE NOT IN YOUR HAND WHAT YOU HAVE CONTROL OVER IS ONLY YOUR TRADING PLANS.
🛑AS Abraham Lincoln said, “If I had eight hours to chop down a tree, I'd spend six sharpening my axe.”, the meaning is that one should spend more time in preparation.
🛑AS ABOVE SAID YOU SHOULD SPEND YOUR MOST OF TIME ONLY IN MAKING STRATEGY, TRADING PLAN, EDGE AND SETUP.AFTER BACKTESTING THOSE PLANS IN VIRTUAL MARKET OR WITH SMALL RISK IN REAL MARKET AGAIN AND AGAIN. IF YOU FOUND THAT THIS STRATEGY IS WORKING GOOD WITH HIGH WIN RATIO,THEN YOU SHOULD TRADE IN REAL MARKET WITH FULL POTENTIAL BUT WITH THE MINDSET OF LOOSING WHAT YOU RISKING FOR THAT PARTICULAR TRADE.
MEANS YOU SHOULD FOCUS ON LOGN-TERM AND THINK ABOUT WHAT THE RESULT IT WILL PRODUCE AFTER 10-20 TRADES. AND YOU SHOULD ALWAYS AVOID THE MINDSET OF DESTRUCTION PUTTING ALL YOUR CAPITAL IN SINGLE TRADE AFTER LOOSING 1 OR 2 TRADES IN A ROW.ACCORDING TO YOUR WIN RATIO YOU SHOULD TAKE RISK ON EVERY SINGLE TRADE.
