YOU CAN MAKE 100× APING DIPS AND CORRECTIONS
So what's the secret? Very Simple actually
💸 LEARN TO MAKE PROPER ANALYSIS 📈
One of the things you shouldn't neglect if you must succeed as a crypto trader, is knowledge of Technical Analysis. If all you trade is signals, you might make profits once in a while but, here are the downsides;
▪️Late entries
▪️Ignorant of how to take advantage of retests
▪️High risk low reward
The list goes on but in summary, you're basically a sitting duck.
💸 UNDERSTAND RISK MANAGEMENT
Over leveraging is not about how Xs involved, but the resulting effect of both, capital, margin, Take profit targets etc.
I won't dip into the calculations but in summary , having a foreknowledge of how RR and DCA in tandem with your capital works, will make you profitable in the long run.
The ability to win much more than you lose is a Skill.
💸 DON'T CHASE PUMPS
Allow the market to get to you. Majority are fund of trading hyped coins when there are over 10000 tradeable Crypto tokens out there.
The formula has always been simple. BUY LOW📉 SELL HIGH 📈. FOMOing into pumps without proper expertise will only reduce you to Exit Liquidity. I traded $BONK using this strategy 🚀
💸 TAKE PROFITS (check my timeline for details)
💸 KEEP IT SIMPLE
I'll find timeline to drop a hint on what I meant by this. This tip is basically on the top 3 of my List
