Rules to safely add to winning positions: 1. Pre-determine | boyLoyTRADER on Binance Square

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Rules to safely add to winning positions:

Pre-determine levels entry for additional units.
Calculate your risk with the additional units added.
Trail stop loss to keep growing position within comfortable risk parameters. 

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JPMorgan says the odds of a US recession by the end of the year are now at 35%.

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Instead of spending your time trying to perfect your trading skills, focus on the one skill that you are weakest at and work on it day and night. If you are an impatient trader and most losses are coming from your impatience, learn new skills that will help you improve your patience. For example, take a meditation course or read Osho. If taking profits is what prevents you from being profitable, then start working on hard targets and have strict rules written down that will help you lock them in. If you are scared to take a trade, then reduce your trading size to the minimum possible. And remember one thing along the way: “If it were easy, a lot more traders would have been successful.”

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There is a thin line between a myth and reality. In trading there is a thin line between a great trader and an average trader. My experience and work with others have taught me that the quiet trader has a lot more to offer to the trading world than the noisy, boisterous type of market player. This of course is an overgeneralization, but in every great trader I have known there is a degree of humility, which is lacking in 99.9% of all wannabe get-rich quick traders. Just like the myth about the discovery of quinine, I have heard so many myths about trading and one thing they all have in common is the lack of transparency when it comes to losing. Both successful and unsuccessful trading is a combination of losing and winning and a successful trader knows better than anyone else that the losing bit is where most efforts are concentrated. The real question that you should ask yourself is why there are so few talks about losing? Isn’t that the real weakness of the strong?

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$BTC Update..! Yesterday, Bitcoin was deeply down -15.74% affected by the global economy. (Over $1.41 trillion was wiped out from the US stock market yesterday.) This is because of repeatedly bad news about the U.S. economy that made fear sell before the market crashed. Bitcoin was rejected at the demand zone at 50K-51K and will be up to fill the sell order at 57K before it drops deeply to the 40K demand zone. In this situation, we should keep monitoring and confirm the our setup is valid or not first because the market is so Volatility. $1,200,000,000 liquidated from the cryptocurrency market in the past 24 hours. I HOPE YOU HAVE A GOOD TRADING WEEK AND A FULL PROFIT.

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BREAKING: Bitcoin falls under $50,000 Deep bearish came as predicted. JUST IN: $1,000,000,000 liquidated from the cryptocurrency market in the past 24 hours.

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