6 - Essential Risk Management strategies 📝

1️⃣ Risk per Trade: Use 1% or 2% of your account balance.

2️⃣ Set Stop-Loss Orders: Is a predetermined exit point for a trade in case it doesn't go as planned.

3️⃣ Risk-Reward Ratio: Commonly used ratio is 3:1 where the potential profit (reward) should be three times more than what you are willing to risk.

4️⃣ Position Sizing: Depending on the risk of the trade, adjust the size of your position. If a trade carries higher risk, reduce the size of your position to minimize potential losses.

5️⃣ Diversification: Even in day trading, it's advisable not to put all your eggs in one basket.

6️⃣ Education and Continuous Learning: Stay updated on market trends, news, and developments. TA and fundamental analyses are vital skills for any day trader.

#BTC #ETH

7 Lessons that's great to keep in mind ⚡

1️⃣ Knowledge is power, is money 🧙
2️⃣ Everyday is a new day 💫
3️⃣ Do your own research 📝
4️⃣ Have plenty of ammo 💰
5️⃣ Invest what you're willing to lose 📊
6️⃣ Trust only in yourself 🕵️
7️⃣ If something is too good to be true, usually is ⚠️

Greetings 🔥
February news and up and coming.

- FED still keep it unchanged 5,50%. That's great news for market, but there's a catch. Hints of not cut in March so it's mixed how were going to proceeds.

- Bitcoin heldt strong at 42k support, still in range perhaps 44k are coming back in near future?

- US NFP coming up 2th February. Key numbers 187k, previously 216k. If this is bullish we could spark a new up momentum.

- Core CPI 13th will also have a more clear way of what direction were going to go.

- 23th Bitcoin Future Expiration, often volatile day can go both ways, stay safe.

I've started a journey a year ago and wanted to try do 1k$ challenge to 10k$. Now I'm up 15k$, my trading has been much better overall and understanding macro helps a lot in this "game".

Mindset, realistic goals, patience are just few keywords. It's a marathon not a sprint, if you would get rich quick go buy a lottery ticket 😁

First I spot trade few coins back a year ago, went up nicely after some patience, later I added the profits to ETH when it was 1150$ ish. Sold at 1800$. Later I have been playing with $MATIC , and ever since I have been stuck with trading with $BTC $ETH .

It's been a great path of learning within trading, how I handle stress (came handy both trading and in life). Would recommend people to start lower capital, learn while doing, and last but not least I wish you all good trading and thanks for reading.

#BTC #ETH

What are the benefits of DeFi? 🔽

🔸 Real-time transactions and increased transparency
Interest rates on DeFi are updated several times a minute

🔸 Increased overview of transactions with account activity that can be noted publicly and verified by other users

🔸 Save money with low transaction costs and other traditional costs and fees in financial services

🔸 Receive interest faster compared to traditional financial institutions, such as banks, which provide these on a monthly basis

🔸 Store peer smart contracts between parties on a public database on the blockchain that is only closed when the terms of the digital agreement are met

🔸 Programmed smart contracts that ensure automatic execution of terms and conditions. The agreement can, for example, be programmed so that it will automatically release the security when the conditions for the contract are met

🔸 Build your programs in DeFi as it is open source. Users who want to review and edit the source's code do not need special approval.

What are the disadvantages of DeFi? 🔽

🔸 The fear that funds will be lost or locked in the system

🔸 Hacking is a serious threat, as sophisticated hackers can discover the weaknesses and break into the system

🔸Errors in the system can occur if there are bugs or error codes in the blockchain's programming

🔸 To secure your account, unique codes are required as private keys, which means that you can lose access to your money if you lose it

🔸 Falling values ​​of crypto assets used as collateral may result in position being liquidated2

#DeFiChallenge #FutureofDeFi

September are the worst month when it comes to financial system. Are we going down to 20-22k again? lower? No ones knows, but from charts and data it seems to be bearish for sure.

Could be manipulated so Greyscale comes in with ETF in October? 🤔 It were postponed to mid October ish.

If so, time to DCA and chill this month and watch out for "Uptober" 💎😁

Morning 🧸

This month has been bloody red, many news all over the place both good and bad.

One thing went downhill tho Bitcoin fell over 20% 31.8-26k. Will September be red month again? It is worst month it comes to trading and investment in generally. Perhaps we see 20-22k dip in near future?

DCA and think long term.
#BTC 💎

Good red morning 🧸

Now were looking at short selling pressure resumed, some people talking bout were visiting 15k even 10 and 6 💀 Can see 15k coming up soon unless bulls holds 20k. Buy pressure are high at 20k. But I dont complain filling my spot bag before we moon next year ⚡

Could be Elon selling some bitcoins and same with other big players to bring it down to get cheaper BTC for next bull season.

For all new retailers that's buying and holds spot, don't panic this is normal, keep DCA and think long term, short term is just a noise 👍🏻

DCA and enjoy your weekend crypto heads 🤩
#BTC

Good weekend crypto heads ⚡

Will we experience last leg down before we finally hit new bull run? 🧐 As many say "Its time to buy the dip". I find 25-30k still cheap since it can go 10x from here or more in future.

Many sees Bitcoin as investment, others store of value. It is relatively new asset with huge potential worldwide, what could blockchain do in future 🧐

Can't wait what future brings, 2032 will rewards be under 1btc ⚡

#BTC

It's Friday 🤩

CPI news bit lower than expected, was not huge volatile day I was hoping for. Monthly charts from support side holds strong 24.8k

Will we see a breakout or breakdown? 🤔
If ETF gets approved, so much money will pour into crypto that will eventually lead to a massive bull-run 🚀 I can't see new swan event will happen, we have been down for so long, and investors/retailers will get to green side as well.

Time will tell, i'll be perma bull "when" we make 32k as solid support, from there we can to 38-42k related easy.

Enjoy your weekend people ⚡

#BTC #ETH #BNB

Happy weekend guys 🔥

I think the BTC ETF will be a complete success considering that not everyone can buy normal BTC. That's why the ETF comes into the picture, the vast majority of people can buy this, and then the spot price of BTC will eventually skyrocket 🤔

I will probably just continue buying btc and cryptocurrency in general on Binance. If it were the case that btc is put on hold here in Norway, then one can hope for ETF 😁

Adoption of cryptocurrency seems quite special in recent years, several of the big dogs (Mastercard, McDonalds, BlackRock, Adidas) just to name a few are interested in crypto. And more people will probably eventually see, like most people, that this is a promising monetary system. Not just for criminals as FUD says, Fiat and is and is being used for criminal activities.
Enjoy your weekend🤩

Last Friday of the month, and 2 news coming later today:

PCE Price index and employment cost index

Having GDP worse/higher than expected while FED is trying to "soft land" is mixed signals for market. Let's see where were heading after todays news and monthly close next week. 😁

Can go both ways, personally I think were good going down a little before we could visiting 32-34k ⚡
#btc #eth

Get ready to rumble with FOMOC tomorrow 📊
0,25 or 0,50 points? Write down below ⚡ Personally I think were not done raising so it would not surprise me with a double.

Hoping uncle Powell are a good boy with 0,25 🤩

Starting the week with a bang 🔥

Straight down to 29k, trying to gain ground around 29,2k. if this hold, if not maybe were going to visit 28-27k 🕵️

Action packed week ahead, trade safely and use stop loss 📝

#BTC

Hello crypto heads ⚡

Next week will be interesting to follow up on.

FOMC
GDP
PCE price index

Will we go to higher highs?
Perhaps visiting goblin town?
Or still stay in range and be an liquid hunting?

What's your opinions for next week? 🤩

#BTC #ETH

Hello crypto heads 🔥

Was action packed day, many losses everywhere.
Total 106.88m$ were wiped out both longs and shorts.

Big announcement from Binance today as well.
Binance Blockchain Week conference is coming to Istanbul, Turkey on November 8 and 9, 2023. 🔥🚀

#BTC #ETH

This week has been action packed🔥
Summary down below 🤩

1- US judge rules Ripple XRP is not a security.

2- US inflation falls to 3%, lower than expectations.

3- Europe to launch first spot Bitcoin ETF this month.

4- Former SEC Chairman says Spot Bitcoin ETFs should be approved.

5- Coinbase relists Ripple XRP.

6- $9 trillion asset manager BlackRock CEO says crypto will transcend international currencies due to global demand.

7- SEC acknowledges BlackRock's Spot Bitcoin ETF application.

8- SEC acknowledges Fidelity, VanEck, WidsomTree, and Invesco Spot Bitcoin ETF applications.

9- Bank of America ordered to pay $250 million for charging illegal fees and opening credit-card accounts without customer consent.

10- Australian Securities Exchange receives its first spot Bitcoin  ETF application.

#BTC #ETH

Held my bag quite long time before I had to sell cus we hit 24k (i never thought we would) cus we were down to minimum 28k twice before.
This caught me off guard and had to step a side for few months. Yes I lost quite some money so I needed go change mental attitude and strategies.

Came back after 2 months of learning TA, more focused, eager to improve on every aspect.

After some solid plays, my biggest were Lunc i bought on spot for 0.000088 and sold at 0.00045. This cut my future loss in half and I could not be more exciting. Then added those gains to ETH at 1125 on spot. This is now soon break even to this day.

I'm feeling lucky that I didnt lose more than I did, and i never quit, only kept going.

Moral of the story is dont over leverage, dont gamble more you can afford to lose.

Hello crypto heads 🔥

Going to tell you people a little from my personal trading journey both good and bad times.

First i want to say this is not any financial advice.

Started with spot trading as many of you do, looked up bitcoin books and learned this DCA strategy.
Things started to look good, got comfortable and didn't take any profit. My thoughts were sky is the limit back then. When we reached around 65k I stopped put money into my spot bag and chilled for a while.

After a while I wanted to try out futures our beloved casino as we know of. As I remember we were approximately 42k i took long position 20x leverage thought we would go back to 50's again (from my poor TA decision back then) was new into trading and no really strategy.

Second part next page 🤩