Here’s a shocking truth: Over 90% of crypto traders quit in their first year!
One of the main reasons is that they pursue the wrong goals.
In most cases, people start trading because they want to make money (nothing wrong with that). They set goals like “I want to make 10k in 3 months” or “100k in one year.”
The problem is that these are goals no one can control (even the world’s best trader couldn’t).
Uncontrollable goals lead to uncontrolled actions.
👉 The result: Traders make wrong decisions, lose money, and ultimately stop trading.
💡Here’s a better way to do it: Successful people (not only in trading) usually focus on tasks, not goals.
Don’t get this wrong. Of course, they have goals.
But here’s the trick: They break down the goals into required tasks & focus on their execution.
It’s a small yet essential perspective change.
Let’s make this tangible 👇 Instead of focusing on making 100k, you break down this goal into required actions:
For example: ‣ Educate about trading: 1h daily ‣ Build trading strategies: 2h daily ‣ Backtesting: 3 times/week ‣ Document and automate processes: 2h/week ‣ Journal your trades daily ‣ Analyze your trades once a week
As a next step, you continue focusing on the execution of the actions, tracking, monitoring, and improving them.
This might sound boring, but it is exactly what you must do.
Alex Hormozi once said: Extraordinary accomplishments come from doing ordinary things for extraordinary periods.
And this is precisely what will happen if you consistently execute the defined tasks. You will reach the overall goal.
Summarized, here’s what you need to do to reach your trading goal:
✅ Set a goal ✅ Break it down into actionable tasks ✅ Execute the tasks consistently ✅ Celebrate your success!
If you want to be one of the crypto traders who don’t quit, you can check out Crypto OS. It’s the platform I developed based on the mistakes I made. It contains data-driven trade signals, backtests, trading bots, and much more. Check my X Profile for the link: @ben__crypto23 #trading
➡️ Bearish signals have taken the lead. On the daily chart we have 18 bearish signals and 8 bullish. Actually not the best setup right before the weekend starts.
➡️ When looking at the most reliable signals, Bollinger Bands and Power Scalper continue to perform extraordinarily well.
➡️ However, when looking at gains the EMA crossover and Hyper Scalper signal continue to outperform the rest.
I will post some setups for the hourly and daily chart later today.
$ENS — Power Scalper Signal — 25% Upside Potential
ENS has delivered an extraordinary performance pumped ~100% during the last 2 weeks.
However, based on the latest trade signal, it looks like there's potential for more gains.
The Power Scalper signal incorporates three technical indicators: the Relative Strength Index (RSI), the Semaphore Signal Level Channel (SSL), and the Trend Direction Force Index. The strategy aims to profit from the last wave of a pump before a correction becomes likely.
In this case, the profit potential is calculated at 25%.
💡Overall Assessment ➡️ Logically, the momentum indicator already signals overbought territory for this strategy. This has to be monitored ➡️ From a chart perspective, there's also more upside potential to make a higher high compared to the level of March. ➡️ Due to the overall bullish sentiment, there's a good chance of more gains before a correction occurs.
💡Backtests Backtests show that this signal is quite reliable on the daily chart. Here are the details based on 25 signals: - For all 25 appearances, the price increased by 2% during the next 30 days. - For all 25 appearances, the price increased by 5% during the next 30 days. - In 64%, the price increased by 10% or more in the next 30 days.
Crypto Market Status 29th May - Ready for the Pump? 💥
After yesterday’s minor correction, the market is back in the green and pointing towards new heights.
As expected, $BTC continues to range between $67k and $70k. At the same time, many altcoins have broken out of their sideways or downward channel. $LINK and $JASMY are just two prime examples, among many others.
Personally, I expect some massive upside potential during the next weeks especially when updates about #ETHETFS are released. As a result, we should see a further decline in Bitcoin’s dominance.
Therefore, the game plan is relatively simple: 👉 Don’t chase green candles 👉 Wait for smaller pullbacks and hop on the most promising trade signals 👉 Go for tokens that have shown strength during the last days/weeks 👉 Enjoy the ride
$LINK - EMA Crossover Signal - 20% Profit Potential
➡️ Chainlink (LINK) flashed a bullish EMA Crossover signal on the daily chart. ➡️ The backtest shows a very good win rate of 70% based on 20 signals. ➡️ Historically, the signal achieved average gains of 13.5% after 10 days. ➡️ Trend indicators are mainly bullish. However, it is important to pay close attention to overbought momentum indicators.
$PEPE has outperformed most other crypto coins lately. And if the data is correct, we will likely see even more upside potential.
Here's why: 👉 PEPE flashed a Power Scalper signal on the daily chart. 👉 The signal usually indicates another pump before a correction. 👉 The upside potential has been calculated at 23% 👉 Historically, PEPE flashed this signal 25 times on the daily chart: - For all 25 appearances, the price increased by 2% during the next 30 days. - 22 times, the price increased by 5% during the next 30 days. - 21 times, the price increased by 10% or more in the next 30 days.
🚨 Word of caution: Momentum indicators signal oversold territories and need to be monitored closely!!
Bluzelle — High Potential - High Probability RSI Signal
Good evening, trading fam,
sorry for the silence. I've been working on some amazing new trade signals that will go live shortly.
However, I didn't want to go to bed without posting this exciting signal.
Actually, it is one of the most basic signals: An oversold RSI signal on the daily chart.
👉 In terms of $BLZ the price pumped 10% or more during the next 20 days in 100% of historical signals.
For the current signal, the potential is calculated at 24%.
Overall, the chart and indicators don't look very promising for Bluezelle. Therefore, the signal is probably more about exploiting Bluzelle's volatility. This reflects a risky trade since a tight stop loss doesn't work in this case.
Hope y’all are having a great weekend. Here are the last days’ top performing trading signals.
➡️ Once again, the Hyper Scalper leads the pack with almost 13% gains on $DAR ➡️ The EMA Crossover signal continues to deliver strong results and timed the $UNI pump perfectly. ➡️ Finally, using the Power Scalper signals would have led to some nice gains on $PEPE