This is the Strategy that I use for my trades.
Its really important for everyone. If you implement it, I'm sure that sky will be the limit for everyone.
BEFORE YOU START TRADING KEEP THESE THINGS IN MIND!
1. Don't invest at the cost of ruining ur life.
ur investment should always be an almost insignificant amount.If u lose it,it should hurt a bit but not ruin ur life.Don't go all in.Don't invest more than u can afford to lose.
2. Practice a lot BEFORE trading.Watch live charts,draw ur levels,then paper trade.After u're comfortable with this,trade spot for some time and ONLY THEN move to leverage/futures.Using leverage without spot experience is a crime.
3. U can't and will not survive in the long term without following the 2 tools of capital preservation.
i. Stop Loss,ii. Risk Management.
Both these tools are FAR more complicated than they sound.Read,understand and ONLY then trade.
4. Don't try making quick trades by fighting the trend.Use the weekly time frame and the 50-day moving average to find the trend and trade only in the direction of the market.
5. There are no good and bad assets.Don't get attached to a coin or a stock.Ur aim is to make profits,to buy low and sell high.Keep ur logics,attachments,and emotions away and TRADE THE CHARTS.
6. Don't pray for a trade to go right.Don't hope.Ur aim is to leave the market ASAP.Once the trade goes the opposite direction,don't give control to the market and keep hoping.EXIT.Start afresh.Cut ur losses.Keep them small.
7. Don't trade if u don't hv a planned entry,exit,and invalidation point.Listen to opinions of others will always get u rekt.U have to plan ur entry,position size,and invalidation points.
8. Trading is easy,u don't need complicated tools and 5 monitors.The catch is,u need a plan.Manage position size.Pre-determined entries.Exit on invalidation.Cut losses.
9. When learning,trade a lot.Trade with the trend,as many times as possible.Ur methods need real market testing.Trade more,let the market give you feedback,as much as possible.
Go For IT Guys 💪🏻
