Hello dear pro traders , I need a help I'm a student i love crypto trading and already invested some money for long term investments in crypto such as BTC,ETH,SOL and many others.
I'm learning day trading these days trying different strategies and back testing in demo accounts. I'm gonna spend 3-6months to learn trading myself.
These are the things i do before place orders.
1. I Spend few minutes to find out the news to identify bull or bear markets
2. Identify the market trend in the day and hourly charts
3. Starts the technical analysis in the chart to identify the market trend, Resistance and support levels.
4. I use these indicators to confirm EMA : 50,20 and 200, RSI 14, MACD 8,21,5
5. Then i enter to the trades this way my profit is 1:1.5 stop loss is 1:1 i do 10 traders per day and i use 2% per trade from my account balance.
I use 15 minutes charts.
Dear professional traders please give some advices in your experience to learn and develop my self as a day trader. I don't know this is the best way to learn this. Thank you!
