LIVEAmanXBT
@AmanXBT
⚙️ Engineer | Trader | Marketing Geek | ⚙️ 🎯 •Twitter : Amanxbt • 🎯
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You've lost money and thinking what to do, these are the Options.
This will hurt you but it needs to be told.
1. Trade with what you've left. Try to get more profits with Leverage and win it all back as soon as possible.
Don't do this ever, this will get you rekt guaranteed
Trying to make back your losses by continuing your mistakes = Complete Rekt.
2. Re-set your mind.
Understand that you lost. Understand that your current knowledge and style isn't enough.
Don't make it about ego. Reset your mind. Re-engineer your learning.
Start from the Basics, Slow grind, make a long term slow progress plan.
THIS IS THE ONLY WAY.
3. Forget and Forgive yourself. Use this as a life lesson. And move onto something else that makes you Happy.
Life is long and vast, find something else. Too much to experience.
I hope you choose your options well.
I recommend option 2 for people who don't get anxious while trading and want to continue.
Recommend Option 3 for people who are happy to do it.
Recommend option 1 for the ones who want more REKT.
All The Best.
This will hurt you but it needs to be told.
1. Trade with what you've left. Try to get more profits with Leverage and win it all back as soon as possible.
Don't do this ever, this will get you rekt guaranteed
Trying to make back your losses by continuing your mistakes = Complete Rekt.
2. Re-set your mind.
Understand that you lost. Understand that your current knowledge and style isn't enough.
Don't make it about ego. Reset your mind. Re-engineer your learning.
Start from the Basics, Slow grind, make a long term slow progress plan.
THIS IS THE ONLY WAY.
3. Forget and Forgive yourself. Use this as a life lesson. And move onto something else that makes you Happy.
Life is long and vast, find something else. Too much to experience.
I hope you choose your options well.
I recommend option 2 for people who don't get anxious while trading and want to continue.
Recommend Option 3 for people who are happy to do it.
Recommend option 1 for the ones who want more REKT.
All The Best.
PINNED
🏷️ My Trading Journey 2020-2023
🏷️ Starting first with goals for 2024 💸1. Will buy a new home for my parents.2. Enable my dad to retire, ensuring a life free from work-related stress.3. Elevate our family business to new heights.4. Invest in 4-5 real estate properties for long-term financial growth.5. Cultivate a peaceful and blessed life.📌 Now let's talk about My Trading Journey: From Following to Learning (and Some Psychological Quirks!)🌪️ 2020-2021 felt like a free ride. It was a bull market, and I blindly followed calls, making money despite (perhaps even because of) doing "wrong stuff." No real learning or dedication – just the rollercoaster of a booming market.🌪️ In 2021 to 2022, I woke up and started learning. The dedication wasn't consistent, but the knowledge began to accumulate. This was my foundation year, laying the groundwork for the future.🌪️ Finally, in 2023, it all clicked. Trading + Learning + Applying became my mantra. It hasn't been without its challenges, though. I've encountered some psychological hurdles that I'm not afraid to admit.💸 Stop-Loss Fear: When trades approach my stop-loss, I panic and move it further down the line, hoping for a miraculous turnaround. This is a recipe for disaster!😢 Early Exits: My trigger finger gets itchy before setups fully develop. I either close trades prematurely near the stop-loss (only to watch them soar past) or fail to wait for the full take-profit potential. Missing out on profits stings!🥴 Forced Trades: Sometimes, I see an opportunity where there isn't one. Instead of patiently waiting for the right setup, I force trades, setting myself up for disappointment.🙇 But hey, recognizing these issues is half the battle, right? 2023 was a year of learnings, not just in technicality but also in self-awareness. I'm ending it with valuable insights and a renewed focus for 2024 💸Earnings time, baby! 🧑💻🌪️ Good luck with your trading journey! Remember, success in the market is a marathon, not a sprint.
😳 Proper Risk Management😳
I have shared so many times in my profile, sharing again 📝 Keep your notebook ready
Proper risk management involves calculating the position size before entering a trade to ensure that if the stop loss is hit, you only lose a small percentage of your account balance, typically 1%. 🗿
For example, if your trading account is $10,000, and you are taking a long position, you should only lose $100 if the stop loss is hit. 😼
To calculate the position size, use a position size calculator provided by the exchange, enter your entry price and stop loss as an exit price, and adjust the quantity/size until you get 1% of your account balance as a loss. 🎧
This helps manage risk and avoid losing your entire account on a single trade. 🤓
#RiskManagementMastery
I have shared so many times in my profile, sharing again 📝 Keep your notebook ready
Proper risk management involves calculating the position size before entering a trade to ensure that if the stop loss is hit, you only lose a small percentage of your account balance, typically 1%. 🗿
For example, if your trading account is $10,000, and you are taking a long position, you should only lose $100 if the stop loss is hit. 😼
To calculate the position size, use a position size calculator provided by the exchange, enter your entry price and stop loss as an exit price, and adjust the quantity/size until you get 1% of your account balance as a loss. 🎧
This helps manage risk and avoid losing your entire account on a single trade. 🤓
#RiskManagementMastery
Some Thoughts
These types of trading environments are what develop bad habits.
Trading for the most part requires patience allowing the setup that works for your system to develop.
The last few weeks have been relatively risk on meaning you find a setup, execute and it tends to play out rather quickly- I call that instant gratification
So when the market stabilizes you are left with a instant mindset to execute and end up flip flopping setups.
Do what has worked for you in the long run and try to cut the noise out- the market will always provide
These types of trading environments are what develop bad habits.
Trading for the most part requires patience allowing the setup that works for your system to develop.
The last few weeks have been relatively risk on meaning you find a setup, execute and it tends to play out rather quickly- I call that instant gratification
So when the market stabilizes you are left with a instant mindset to execute and end up flip flopping setups.
Do what has worked for you in the long run and try to cut the noise out- the market will always provide
Btc and Eth Update :
Prepare For Worst Hope for Best
Maybe SL hit both but when risk is managed we don't care :
Okay, Some thoughts behind trades
For Eth $ETH Eth Swept OrderBlock closed inside it, broke trendline ( low time frame also retested ) I can see bullish price action forming
I just want to see a good volume MSB in 1 hr ( level 3036 it's also Monday low ) Retest it and I'll try to add
For BTC $BTC
Btc tapped h4 breaker with FVG
50% of Fib at the same level ( also 62% with another high to low fib ) it's called OTE
Below these levels we have h4 OB as well
.
What i want to see next is
Levels 61800 and 62600 need to flip these to see bullish signs
Till then we are just forming lower highs and lower lows 🤝
#BTC🔥🔥🔥🔥🔥 #ETHETFS
Prepare For Worst Hope for Best
Maybe SL hit both but when risk is managed we don't care :
Okay, Some thoughts behind trades
For Eth $ETH Eth Swept OrderBlock closed inside it, broke trendline ( low time frame also retested ) I can see bullish price action forming
I just want to see a good volume MSB in 1 hr ( level 3036 it's also Monday low ) Retest it and I'll try to add
For BTC $BTC
Btc tapped h4 breaker with FVG
50% of Fib at the same level ( also 62% with another high to low fib ) it's called OTE
Below these levels we have h4 OB as well
.
What i want to see next is
Levels 61800 and 62600 need to flip these to see bullish signs
Till then we are just forming lower highs and lower lows 🤝
#BTC🔥🔥🔥🔥🔥 #ETHETFS
Lost money ? what next ? Go through this post
LIVEAmanXBT
--
Bullish
You've lost money and thinking what to do, these are the Options.
This will hurt you but it needs to be told.
1. Trade with what you've left. Try to get more profits with Leverage and win it all back as soon as possible.
Don't do this ever, this will get you rekt guaranteed
Trying to make back your losses by continuing your mistakes = Complete Rekt.
2. Re-set your mind.
Understand that you lost. Understand that your current knowledge and style isn't enough.
Don't make it about ego. Reset your mind. Re-engineer your learning.
Start from the Basics, Slow grind, make a long term slow progress plan.
THIS IS THE ONLY WAY.
3. Forget and Forgive yourself. Use this as a life lesson. And move onto something else that makes you Happy.
Life is long and vast, find something else. Too much to experience.
I hope you choose your options well.
I recommend option 2 for people who don't get anxious while trading and want to continue.
Recommend Option 3 for people who are happy to do it.
Recommend option 1 for the ones who want more REKT.
All The Best.
This will hurt you but it needs to be told.
1. Trade with what you've left. Try to get more profits with Leverage and win it all back as soon as possible.
Don't do this ever, this will get you rekt guaranteed
Trying to make back your losses by continuing your mistakes = Complete Rekt.
2. Re-set your mind.
Understand that you lost. Understand that your current knowledge and style isn't enough.
Don't make it about ego. Reset your mind. Re-engineer your learning.
Start from the Basics, Slow grind, make a long term slow progress plan.
THIS IS THE ONLY WAY.
3. Forget and Forgive yourself. Use this as a life lesson. And move onto something else that makes you Happy.
Life is long and vast, find something else. Too much to experience.
I hope you choose your options well.
I recommend option 2 for people who don't get anxious while trading and want to continue.
Recommend Option 3 for people who are happy to do it.
Recommend option 1 for the ones who want more REKT.
All The Best.
Thank you mate, Who ever Tipped ( I Just want from you guys to learn trading and play safe )
I got my first tip, Lmao 😂
.
I don't post for tip, I just post whenever I feel free to do ( inactive bcuz of final year exams )
.
But yeah it's first tip I want to share 😂❤️ and check my post you'll learn alot
I got my first tip, Lmao 😂
.
I don't post for tip, I just post whenever I feel free to do ( inactive bcuz of final year exams )
.
But yeah it's first tip I want to share 😂❤️ and check my post you'll learn alot
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