say no to fomo part2 trailing stop initiated $ATOM /USDT | RENKO Swing Trader on Binance Square

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say no to fomo part2
trailing stop initiated
$ATOM
/USDT
#renkotrader 
#stressless 

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RENKO Swing Trader

@kurtsoliman

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Take Profit Part 2 I just bumped into a post saying altcoin season will have a huge pump 3 days from now. I'm thankful for these kind of posts. It reminds me how to approach the market while protecting my capital. Hmm.. I got 2 altcoin short position which I have been holding for 3 weeks now. Trailed my stops already and am just waiting for my SL to get hit. It's the market that will prove me right. I entered the trades with no emotion no prediction no anticipation. Just pure trading.

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Take Profit Part 1: Finding the Best Approach It seems that many are waiting for the bottom. I'm new to crypto swing trading and am forward testing my self developed strategy 🥲. It gave me an enter signal to go short on 2 altcoins last week so I setup a sell entry. To be fair with my readers, I have entered short twice before this and got my stop loss hit 😅 There is no news, anticipation nor prediction involved. Just followed the strategy, set the stop loss, and that's it. After that I just waited for my stop loss to get hit but market is generous this time and now it's gaining. I have started to trail stop my small gain 🫰. Why do I not put a hard take Profit Price? My mentor in fx never believed in setting a Take Profit price. The strategies I was taught were all like that in nature. That made me wonder and asked why. Somehow now I got my answer, because in this way I can ride the tide until it dies. Hence, once PNL is positive there will only be two outcome, Small Gain or Big Gain. #stresslesstrading #saynotofomo

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Lessons I learned in my Trading x Journey. Struggling to be profitable in the current bull market ? You are not alone. I too am struggling finding the right strategy, the right timeframe, and the right type of chart that suits my personality. Tried to get, well I think a profitable mentor. Though I wasn't able to be profitable yet like my mentor but together I have learned a few things on my journey. 1. Risking only money I can afford to lose. 2. What type of trader are you? I tried but I am not a day daytrader; I think swing trading suits me better. 3. What is the best Chart for you? There are different type of charts. We have the traditional candle stick, haiken ashi, there is renko and a few more. I originally am a candle stick user but my mentor uses renko, so for a year now that's what I use. 4. Are you an IMPATIENT trader? 5. Do you HOPE the price will go into your favor after you buy/sell? 6. Have you ever entered a trade due to ANTICIPATION? There could be more but for now I will focus on these topics. I will try to discuss each in my Next Posts.

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say no to fomo part3 $ATOM /USDT waiting for my exit 🫢 #renkotrader #stressless #stoplossrespect

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say no to fomo part1 $ATOM /USDT #renkotrader

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