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â ïž Show me your friends and I'll show you your future. (Make good traders your friend) đ Trading is also the same like đŻ Sitting with four businessmen, the fifth one, you will become. (Trade with professional traders and the next professional, you will become) đą 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 đ Ask your doubts in comments and I'll be happy to help you đŻ đ SHOW your SUPPORT by Like, Share and Comment đ
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đ„đ„ Eth looks Good, and it's still so strong Long it, Good long, here to down till 3000$ #ETHETFS #ETH_Market_Update
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Congratulations Boys if you have caught this move, i called it before hand âïž We are leading the king moves in BTC âïž Follow and comment for more analysis âïž #BTCđ„đ„đ„đ„đ„ $BTC
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đł Proper Risk Managementđł I have shared so many times in my profile, sharing again đ 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%. đż 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. đŒ 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. đ§ This helps manage risk and avoid losing your entire account on a single trade. đ€ #RiskManagementMastery
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Some Thoughts 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
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