trading strategy

Follow me if you are losing money in your Trading. I will give a strategy. Comment ( Askandaru ) and share to a friend Trading Capital: $800Risk Tolerance: 3% per tradeNumber of Trades per Week: 4Trading Pair: LINK/USDTPlatform: Binance FuturesTrading Plan:✅Risk Management:Risk per Trade: With a trading capital of $800 and a risk tolerance of 3% per trade, the maximum risk per trade would be $24 (3% of $800).✅Position Sizing: Calculate the position size by dividing the risk per trade by the stop loss amount. For example, if the stop loss is set at $10, the position size would be $24/$10 = 2.4, rounded down to 2 contracts.✅Adjustment for Trade Size: Given the specific risk tolerance of $24 per trade, with $68 per trade, you can adjust your position size to approximately 0.35 contracts per trade ($24/$68).Trading Pair: LINK/USDT on Binance Futures✅Analysis: Conduct thorough technical and fundamental analysis for LINK/USDT using tools like TradingView. Look for potential support and resistance levels, trend patterns, and news affecting the cryptocurrency.Entry and Exit Criteria:✅Entry: Identify entry points based on technical analysis indicators such as moving averages, RSI, and trendlines. Ensure that your entry signals align with the overall trend and market conditions.✅Exit: Set a predefined stop loss to manage losses and a take profit level to secure profits. These levels should be determined based on technical analysis and risk-reward ratios.Trade Execution:✅Number of Trades per Week: Execute a maximum of 4 trades per week, maintaining discipline and avoiding overtrading.Timing: Consider the most favorable times for trading LINK/USDT, taking into account market volatility and liquidity.Review and Adapt:✅Periodic Review: Regularly assess the performance of your trades and the effectiveness of your strategy. Identify patterns or issues and adapt your plan accordingly.✅Continuous Learning: Stay updated on market trends, news, and developments in the cryptocurrency space. Adjust your strategy based on new information and market conditions.Record Keeping:✅Trade Journal: Maintain a detailed trade journal recording each trade's entry and exit points, reasoning behind the trade, and the outcome. This journal will help you analyze your performance and make informed decisions.Psychological Discipline:✅Emotional Control: Stick to the trading plan and avoid emotional decision-making. Emotional discipline is crucial for long-term success in trading.Remember, the key to success in trading lies in consistency, discipline, and continuous improvement. Adjustments to the plan may be necessary based on changing market conditions or personal experience.$BNB $BTC $XRP #Write2Earn #WLD #PIXEL #TrendingTopic