daytading
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#write2earnšš¹ #daytading as a day trader I really don't care if #btc falls. I only trade futures, so if a coin goes up, I'm trading long and if it reverses I'm shorting. I'm making profit either way
I trade for a living. Some knowledge I would to give you for beginners:
)If it's good enough for a screenshot, take profits)If you feel anything trading you do it wrong. Lower your sizes or take a break. You are your own biggest enemy)Don't follow anyone's TA blindly. You most likely won't understand their thought process to react quickly) NEVER OVERTRADE there will be boring times. Don't take unnecessary trades they'll lose you money. Stick to your plan) protect capital seriously, losing money Is incredible worse than missing out on gains. Losing buying power lowers your future ROI of any trade while taking profit early is still profit. Don't get greedy) Markets are PvP. Statistically, 76% of retail traders lose money. (84% in 2022) You compete with people putting 8-16h/day effort into it with a years long experience. You basically just joined a professional marathon where only the top places win.) NEVER mix up luck with actual skill.) Do not get unmotivated it will take an incredible amount#BinanceLaunchpool #bitcoinhalving #BullorBear #Megadrop #daytading $BTC $SOL
#TradingLessons #Institutional #daytading #trade4profit #trade4profit
Mostly retail wait for confirmation or retest where as institutional investors donāt wait for retest or confirmation boom they buy and sell before confirmation as even on LTF (4H) or 1 day it takes 4 hours to 8 hours and in case of daily even more to have confirmation, during which institutional investors plays their game and make their moneyā¦ I am not advising to go blindly in, use charts to develop confluence and spot trendsā¦ trading is way easier than most of the people thinkā¦ just donāt have emotionsā¦ if there are profits there will be losses as well.. real traders are not afraid of lossesā¦ everyday there are thousands of opportunities to make money, people donāt even look at thoseā¦ money unearned is money wasted..
Buy at support (donāt waste time for confirmation) if overall trend is healthy sell near resistanceā¦ move on to next identified coin, do the same by that time visit your first trade if you get the much desired awaited confirmation after retest buy at support of retest and boom sell near resistance (not at resistance) - this is for Spot Trades
Mostly retail wait for confirmation or retest where as institutional investors donāt wait for retest or confirmation boom they buy and sell before confirmation as even on LTF (4H) or 1 day it takes 4 hours to 8 hours and in case of daily even more to have confirmation, during which institutional investors plays their game and make their moneyā¦ I am not advising to go blindly in, use charts to develop confluence and spot trendsā¦ trading is way easier than most of the people thinkā¦ just donāt have emotionsā¦ if there are profits there will be losses as well.. real traders are not afraid of lossesā¦ everyday there are thousands of opportunities to make money, people donāt even look at thoseā¦ money unearned is money wasted..
Buy at support (donāt waste time for confirmation) if overall trend is healthy sell near resistanceā¦ move on to next identified coin, do the same by that time visit your first trade if you get the much desired awaited confirmation after retest buy at support of retest and boom sell near resistance (not at resistance) - this is for Spot Trades