#write2earn🌐 Okay as you guys know I’m here to be honest and stop Binance scammers from selling you fake hopes and dreams. We are in a new era of crypto where crypto is very unstable, this means long term investments of alt coins is no longer a safe and secure investments. Especially new coins or meme coins. Now we are in the short term era where you spot a good new project you invest then you sell when it goes up a little bit. Any one in square who pushes you guys to invest in new coins or tokens and tells you to hold them for years is delusional. Stay safe and happy crypto everyone! Feel free to share your thoughts I’m still learning and I might be wrong 😁
You should know what to look for, how to execute an idea, and how to manage it.
Most of the time is spent waiting—doing nothing when there are no trades and almost nothing when you're in a position.
If you have a good trade selection process, scanning your watchlist or dashboard shouldn't be a heavy or laborious process. You should be able to glance at the chart/price/spread/whatever you're trading and quickly determine if there's anything interesting there.
The best trades should jump out at you, begging to be traded.
Once you've made a bet, don't fall for the false idol of the lower timeframe, getting stuck on a tick chart, micro-managing every move. In most cases, it's unproductive.
Instead, it's often a symptom of a lack of a clear trade management process. It's also a symptom of not liking the risk you've taken. If you've bet too big on a mediocre opportunity, you subconsciously acknowledge it and compensate with intrusive trade management. This only gives a false sense of security and increases the chances of failing a trade that could otherwise be salvaged.
Social media complicates this task. You're bombarded with charts, ads, PnL images, random buzzwords labeled as "trade ideas," and so on. It can make you feel like if you're not in a money-making trade right now, you're losing.
In reality, most of these things are noise. In cryptocurrency, disproportionately large portions of your lifetime PnL will come from a handful of good positions over a relatively short period of time.
Focus on building your process for these opportunities rather than arbitrarily filling the "positions" tab to feel something.
"God help those who help themselves" - a popular saying. You know, What comes fast, goes fast. If you are a trader, you must know what to do and what not to do. What to do when and how. 1. You must not be greedy. 2. Always be patient. If you are following the rules, don't get stressed. 3. Don't get emotional while trading.Its a professional thing to do.If you get emotional in the market,there is a high chance to lose. 4. Don't be a panicked seller. Suppose you make a long trade and its going reverse. You being a panicked seller, you sell all and bear the losses. NEVER DO THAT. 5. If you are a newbee and you want to learn and earn, find a good mentor who can assist you and guide you in this field. 6. Don't use all your asset in one place. instead of that, split them to earn easily with safety.
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