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Timeframes to use: To find major Support/Resistance and Supply/Demand Levels to Trade - DAILY - 4HR - 1HR (My Favorite) To Take Entries - 5 minute To Ride A Trend Once Entered - 5 min - 10 min - 15 min All using the 8/9/13 EMA as trend indicators $SPY $SPX $QQQ #BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance #FTXSolanaRedemption
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People don't realise how much mental strength it takes to become a successful trader. Emotion control is key. Control greed when you're winning. Control fear when you're losing. Control urge to click when you're waiting. Control. Control. Control. If you can do that, you can do anything. @DODO #BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC #NeiroOnBinance #FOMC #CATIonBinance
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📊Trading is LIFE-CHANGING 🔻 🔻 🔻 🚀The more you trade, 🚀The more you realise 🚀Emotion Control is power. And If you can control your emotions, You can do anything in LIFE Not just in trading.👍🏻 @DODO #DODOEmpowersMemeIssuance #BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #FTXSolanaRedemption
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How to 10x your trading: - Take 5 trades - Follow your system - Never break rules - Analyse your 5 trades - Track mistakes, decisions, emotions while you trade - Reflect on what you learn - Repeat 90% of traders will never learn from mistakes. Lazy traders are not successful traders. @DODO #BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #DODOEmpowersMemeIssuanc
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It took me 4 years to reach a $100k trading account Here's why your account will never hit $100k 👇 (Avoid these 7 mistakes) 1. Strategy Hopping If you are constantly switching strategies, you'll never find success There is no "perfect strategy" Stick to one that makes sense to you and tweak it every week 2. Not Journaling Your Trades You should always be keeping track of the mistakes you make Otherwise, you'll keep making them without even knowing Journal everything to see what works and what doesn't. 3. Using too much size The key is not to just look at your account size You should take your perspective on money as a factor as well: No matter what account size you're at, if you view $50 as a lot of money then don't risk more than that You should always be risking an amount that you are COMFORTABLE risking And an amount that's respective to your account size (1-5%) 4. Following alerts I get it. You see someone post all their alerts that went for 100% plus that day It's very easy to want to follow alerts. But if you are ever looking for long-term success, you need to become self-sufficient I've tried following alerts when I first started and it never worked By the time they alert, the stock is already gone and they don't always post exits Stick to your guts and learn to trade for real 5. Weekly OTM Options For options traders, there's rarely any advantage to trading weekly OTMs. I've traded month out ITM contracts and have still gotten 100%+ gains in a few days When in doubt, go further out 6. Searching for setups If you ever find yourself scrolling through each stock on your watchlist looking for setups... You're likely overtrading. Have setups pre-defined on a watchlist. If they don't hit, they don't hit. You don't need to trade every day 7. Trading more than I can afford With a small account, you shouldn't be trading names like: $TSLA $SPY $GOOG Stick to stocks and contracts you can afford that have good spreads Give me a follow for more tips from a full-time trader @DODO #DODOEmpowersMemeIssuance #BinanceLaunchpoolHMSTR #CATIonBinance
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