I see everyone's PNL is red.
You are on the wrong track
What you need to do if you want to be successful💡
(FLOOD)
1) Never open a trade without a stop
2) Where you open a transaction is very important
This will not happen if you open Long before the resistance is broken and SHORT when it is broken.
3) A long trade is opened from support or with a close stop when the resistance is broken.
4) Short transaction is opened when the support is broken. Or, when there is no resistance break, it opens according to the closings.
5) A transaction cannot be opened without taking precautions. A ship cannot sail with words
6) Don't think one-sidedly. You always open Long, I know it's not possible. Long/Short target both sides.
7) If you opened a trade and you are at a loss, stop saying "I think it will return". Say that no matter what the damage is, it will be profitable. In my opinion, you must have very good knowledge and experience to be able to say this.
8) Keep your leverage low according to your experience or if you lose money very often. Let it be around 5x. Look for direction and hold it for the long term. For example, until you see at least 50% snow. Also, do not look at the images and compare the trades I opened with 10-20 or 30x leverage. I open 15x, the same thing happens with your 3-5x.
9) Stay away from hearsay nonsense.
10) Do not open transactions for newly listed coins.
11) Stay away from bulky ones. Otherwise, regardless of Long/Short, M.Ms will constantly slap you. As a result, you say you made a loss and sold it and it crashed or crashed.
12) Avoid opening trades based solely on News.
13) Acting only with graphics is not enough. Back this up with fundamental analysis. If you don't know, learn.
14) Get plenty of technical and fundamental analysis training. One is not enough. For example, let's say you received price action training. Go and get the same training from different people. Repeating the same improves your strategy. Otherwise, it may become impossible for you to be successful in this market due to information pollution.
Finally, look, this is very important.
Spotcular;
Someone will make this coin 50x 100x
ATH is close.
Run away from those who say it will be like this in the long term. Otherwise, your money will constantly melt away.
Stop dreaming and being influenced by such posts.
Let me tell you how it will be
If you want to open a long-term transaction on a coin. Take precautions by risking 3-5 losses.
For example, let's say you will hold#ETHlong term.
Its current price is 3540$. Even if you bought this and don't know anything about it, keep this in mind.
Brother, if I see ETH below $3500, I will not hold it long term. If I see it above $3500, I'll hold it for the long term.
For example, you bought ETH at $3540
Let's say it falls below $3500. Buy it. Don't even think about it
The next time you want to buy it, buy it and hold it when it reaches around $3550 or even $3600.
This will keep you safe for the long term. If you don't do it this way, you will say, "I throw away the coin and when it goes to the bottom, I have a loss of 10x or 20x"
Otherwise, you will inflict around 2-3% damage on the spot.
But you will have taken a very good precaution.
If you have information, then set a support price for yourself. Hold on to it for the long term.
You are not at a loss unless you sell
Stay away from those who tell you to protect your property.
If you don't sell, you're at a loss. If you protect your property, you will be at a loss. This is the wolf's table, take care of yourself.
Good luck..
