📊Invest time on your knowledge,don’t pay others for being a profitable trader📊
I’ve seen a lot of people complains about losing money by following these groups of scammers on many platforms and social networks,who are promising high returns by paying them a certain amount of money.
Guys,stop doing so:invest time on your knowledge!!
The best way to be profitable 80% of the times as a trader is by investing time on your knowledge:
-learning how to read a Market Structure is the first biggest step to do,focusing on any timeframe from 15Min to 3Months
Also take advantages from Tradingview:create your own timeframes!
I personally use tf like 2D,2W,2M,4M to get more confluences on my analysis and that helps to clean some “noise” created on certain periods of high volatility market.
I also use 3H,6H and 12H tf for get more confirmation when analyzing low timeframes and,as I’ve said above,to clean up noise created during high volatility sessions.👨🏻💻
-understand major patterns candle and their meaning📊
-don’t get fooled by news: if you know how to read a market structure you don’t need other confirmation rather than your own confirmation!
Buy the rumor,sell the news 📈📉
-Learn to accept losses: as traders we can’t always be 100% accurate on our entries,whatever you are Long or Short.
Stop Loss is the best tool to always have in place on your trades,and it get hit it’s fine!!
Better 2-4% on your margin rather than 50-100% of it 🎯💸
-DON’T BE GREEDY:if you are a good analyst you can take advantages from any markets at any time without need to keep your positions opened for long periods!🤑
Of course,if analysis&confluences are telling us about big uptrends or downtrends you can have positions open even for months,in the event of a bull or bear market for example..but don’t open massive positions straight away,instead add positions on the way up or down and then take some profits along the route💰
-Time and discipline will reward you: TRUST YOURSELF!! 📊💪🏻📈
Thank you for reading!
