THE MOST COMMON TYPE OF TRADER:

1. Scalping Trader: Scalping is an ultra-short-term trading strategy where traders aim to profit from small price movements.

2. Day trader: Day trading involves buying and selling assets within the same trading day.

3. Swing trading:Unlike day trading, swing traders might hold positions overnight or for several days, aiming to profit from the swings in prices.

4. Position trader: Position trading focuses on long-term trends and can span weeks, months, or even years.

BETTER KNOW WHO YOU ARE AND LEARN.

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$BTC Update ....! 🚀🚀🚀🚀

The price went as I predicted.

#bitcoin rejected at demand zone and pull up break the golden ratio Fibonacci 61.8% at 64,876.

#bitcoin may continue to the moon (old highest price 71K)
The bullish trend will continue...!

$BTC Breakout update..! 🚀🚀🚀 (Swing trading)

#bitcoin breaks out of the supply zone at 63,750.
#bitcoin will continue to the highest price of all time at 71,997.

FOLLOW FOR MORE UPDATE BTC PRICE..!

$BTC Update...! (Swing trading)🚀

The price is up as I predicted, 62K.

Now #bitcoin hit the supply zone and was rejected as we saw.

If this supply zone can't hold #bitcoin price, we'll see bitcoin at 71K again.
This supply zone is so important, If it can't break, we'll bitcoin at 44K.

FOLLOW FOR MORE BITCOIN ANALYSIS..!

$BTC Update..!
As I predicted, Lots of Liquidity at 58,870 above the resistance line of 58,448.

Now #bitcoin breaks the resistance line and continues to 62K price.

$BTC Update....! 🚀

#bitcoin Stay at side way(58,448 - 54, 307)almost 1 week since last Friday.

As seen in graph, #bitcoin strongly rejected demand zone and try to break resistance zone at 58,448 again and again (weak Resistance).

Soon we'll bitcoin at 62K price.

JUST IN: 🇺🇸 FED Chair Jerome Powell says data does not support the greater confidence in inflation path that the Federal Reserve needs to cut rates.

GOOD SIGN FOR MARKET

Trading is not easy. Consistently profitable trading is even more difficult. The ones that succeed in this field or have the highest chances of succeeding are the ones that enter trading with the most realistic expectations.

Get the right tools first. Learn the skill. Put skin in the game.

Friendly remind of RISK MANAGEMENT.

Successful trading is composed of 80% suffering and 20% pleasure. By suffering I mean the time spent:
- Addressing your weaknesses.
- Recognizing the times when you are wrong with zero ego involved.
- Having the patience to not overtrade during your losing periods.
- Sticking to your plan through good and bad and especially through bad.

These are only four of the boxes that a successful trader ticks daily. If I had to condense all of that into one short sentence, I would go for A small ego can equal huge returns.

LEADING INDICATIOR VS LAGGING INDICATOR

Better Know Who You Are...! test which trading style suits you.

In trading, it is almost a recipe for disaster to trade on rumors or follow other traders’ ideas. I am certain that in more than 99% of the cases, it pays to learn how to fish than to pay for the fish.

Great traders are contrarian in their own ways. They certainly don’t think like everyone else. Great traders certainly don’t read the books that everyone else reads and they most certainly don’t visit the same blogs.

Great traders are great, not just because they read a lot, but mainly because they ask more questions more often look for the right answers.

Contrary thinking is just a way of thinking, but I believe that we should not put too much weight on it. It is just another way of looking at things and not a crystal ball. The only way to become good at trading is to become good at questioning. As the man from the street would say, “If you don’t think things through, you are through thinking.”

Some of the best traders that I know can recognize that they are in a losing trade immediately and in a second, change their mind and readjust their positions so that in the end of the day they still end up making money.

Trying to always be right is a recipe for disaster and if you want to make it in trading, you should consider that what you have learnt in school or in university might not be practical in the world of trading.

We traders have the bad habit of overcomplicating things without the need to do so.

$BTC update..!

#bitcoin price stuck in range price 58,513 - 54,307 with too much liquidity (Still in the Bearish Trend).

At this moment, I recommend to keep waiting for the price to break this range first.

Soon we'll see liquidity again after Bitcoin break this range (58,513 - 54,307).

Atrader once sent me an email asking me: “Any tips on minimizing execution errors? This week I did a terrible job executing. I had a very good week, but those errors hurt me.”

My response to his email was the following: “There will always be errors! Nobody is immune from them! It is all about how you manage them and making sure you don’t let them influence your psyche! Instead of thinking about mistakes think of everything you did right and how you can repeat that and possibly improve it!”

My message to you here is the same, so instead of concentrating on trading mistakes, try to accept and minimize them. Instead of blaming yourself for why you have taken this last bad trade, try to ask yourself the question: How can I repeat my successful trades one more time and then again and again? If you manage to reach to that trading level, making trading mistakes will not be a scary process anymore, but a great stage for learning.

In trading, if you see only two possibilities, it means that your analysis is poor. Good traders see things multi-dimensionally. They also see a lot of different scenarios and can narrow them down to the most probable ones.

Unlike a classroom, the world of trading does not like repetition. A definition of good trader is someone, who is not afraid of the unknown and knows how to embrace it.

Changing your mind in a matter of seconds is the only true definition of a great trader who is not afraid to expose his or her weaknesses.

Most of the successful traders I know went through years of losing or breaking even. Trading is a serious discipline, so make sure that this is what you want to do before you even think of starting it.