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Marinero
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After 3-5 years of trading: - Setups are found automatically - Risking becomes easier - Fearless execution If this isn't the case for you, Stop wasting your time. 1) Strategy - Focus on just 1 strategy - Practice only on 1 strategy - Concentrate all attention on 1 strategy Until you become the best in the world in this area. 2) Risk - Think 10 trades ahead - Plan your trades: expected gains, expected losses. - Know what you're risking in each trade, what you're gaining in each trade, what you're losing in each trade. Every dollar is a soldier. Your account is your army. Protect your army. Win the war. 3) Don't be afraid to trade - Think in probabilities - Think about the long-term perspective One day means nothing. One trade means nothing. 1000 days - that's everything. 1000 trades - that's everything. Your time has come. #BTC #ETH #Ethereum #ETH #binance

After 3-5 years of trading:

- Setups are found automatically

- Risking becomes easier

- Fearless execution

If this isn't the case for you,

Stop wasting your time.

1) Strategy

- Focus on just 1 strategy

- Practice only on 1 strategy

- Concentrate all attention on 1 strategy

Until you become the best in the world in this area.

2) Risk

- Think 10 trades ahead

- Plan your trades: expected gains, expected losses.

- Know what you're risking in each trade, what you're gaining in each trade, what you're losing in each trade.

Every dollar is a soldier. Your account is your army.

Protect your army. Win the war.

3) Don't be afraid to trade

- Think in probabilities

- Think about the long-term perspective

One day means nothing. One trade means nothing.

1000 days - that's everything. 1000 trades - that's everything.

Your time has come.

#BTC #ETH #Ethereum #ETH #binance

Aviso legal: Se incluyen opiniones de terceros. Esto no respresenta una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.
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The best trading management advice I’ve ever received: "Give your trade some breathing room." It sounds simple, but this advice contains several key lessons: 1. **Don’t use overly tight stops.** Unless your market entry is dictated by divine intervention or the setup justifies it, give yourself some room for error. Especially if you're trading altcoins with leverage – you should expect breaches even at the "best" levels. This shouldn't invalidate your entire idea. 2. **Don’t rush to manage the trade immediately.** If your target/assessment is at least a few percent away, don’t worry about small movements between them. The initial reaction may be important, but even on intraday timeframes, the market typically oscillates, tests your entry, etc., before bouncing back. This is especially true if you’re trading on higher timeframes and targeting higher timeframe movements – give the market some time and give yourself a chance to be right. 3. **Over-managing is a symptom of oversized positions.** If you find yourself glued to the PnL and minute chart, accompanied by feelings of anxiety and regret, then you’ve risked too much on something mediocre. The looming threat of significant losses will make you paranoid and nervous, leading to poor trading management decisions. Practically, I’ve seen traders go from unprofitable to profitable by following this. Trade the chart, not the potential PnL. 4. **Beware of breakeven points.** Moving to breakeven doesn’t make a trade “risk-free.” The risk is that you’ll get stopped out on a perfectly valid setup that would have made you money if you had been more patient. This risk is compounded if suddenly your best setups turn into breakeven trades and you have just as many failures – that’s how you ruin an account. Save breakeven points for special circumstances (if any) – extraordinary entries that shouldn't be second-guessed if your idea is correct. #binance #Ethereum #BTC #TopCoinsJune2024
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