What are your worst experiences, biggest lessons, and hardes | AppleTrading on Binance Square

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What are your worst experiences, biggest lessons, and hardest pills to swallow in your trading career?
#DOGSONBINANCE #TelegramCEO #CryptoMarketMoves $BTC 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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What were the biggest misconceptions you've been under as a beginner trader? I'll start! Misconception #1 "I'm losing my trade because I don't have perfect entry" Lesson learned: There are no perfect entries in trading. If you wait for a perfect signal or a perfect candle, you'll end up not trading at all. Misconception #2 "I need to find the best indicator and best strategy to win the trade" Lesson learned: Indicators are not 100% or even 80% right most of the time! Soley relying on a pre build indicator and strategy will only make you emotional in the long run! "Why did I lose?! I followed my strategy perfectly and yet I lost?!" is what all of them say. How bout you? What're your biggest trading misconceptions? #BTC☀ #CryptoNewss #BinanceTurns7

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I can turn $100 into $1,000,000! Just follow my strategy! This is one of the biggest scam to ever exist in the crypto trading space! Here are reasons why this isn't possible for regular crypto traders: 1. Greed - Most traders in the crypto space are in it for quick money. Using scam paid signals, scam courses, and joining private groups just to make a quick buck! 2. Delusion - Making a 10$ profit from a 100$ requires a 10% market move. Unless you are using 100x Futures account (which is delusional) you won't even make it to 1000$. A reasonable trade will result to reasonable profits. Delusional trades will result in wiping out your account. 3. Fear - Trading the market is ruthless! 90% of the time you will be in a paper loss. Do not believe anyone who says they never end in paper loses! With this knowledge it is impossible for any trader to be 100% confident in a single trade, this is why you are taught to average your entries and not put all eggs in one basket. Anyone who believes that they are not under the mercy of the market is full of cr@p! #BinanceLaunchpoolHMSTR #BinanceTurns7 #DOGSONBINANCE #TelegramCEO $BTC

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An overlooked strategy: Market Exhaustion What is market exhaustion? It refers to a point in trading where the momentum of price begins to weaken (uptrend or downtrend), which results in a potential pause, or correction. It occurs when price has been pushed to the extreme. How to spot market exhaustion 1. Over-extending prices When emotion (green or fear) causes price to rise or fall sharply to the extremes buyers or sellers experience "exhaustion". This means that there are fewer people willing to continue pushing the price further. 2. Loss of momentum Using indicators such as the Relative Strength Index (RSI) & Moving Average Convergence Divergence (MACD) allow traders to determine whether or not momentum is fading. The RSI measures oversold and overbought levels which. Being oversold indicates that price has been rising too quick and could correct soon, whilst being overbought indicates a rapid selloff that could result in a correction. The MACD utilizes the covergence of the signal line. Price trading above (bullish) the signal that start to cross below the signal line shows momentum slowing down which could trigger a price correction. 3.Candle stick reversal patterns Candlestick with long wicks are often signs on exhaustion. In simple trading psychology, this means that he price moved far in one direction but was inevitably rejected. Patterns like doji, engulfing candles, hammers, and shooting stars are all potential candidates. Follow along for practical examples of market exhaustion.

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What are your favorite trading strategies? I'll start! 1. Price Action trading strategies 2. Smart Money trading strategies #CryptoMarketMoves

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100% win rate in the last 7 days. With the right risk management and trading management, anything is possible. Trying to make a safer place for copy traders to start their investment journey! 🙏❤️

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