Are you still waiting for the Bull Market and hoping for 5x to 7x gains? LOL. Where were you all when every coin was at its best prices?

I've checked some coins, and each one has seen gains of at least 1x to 2x, even 10x and more. People seem to buy and sell without any real need.

Trading is a game of emotions, so why not treat it as such instead of waiting for the perfect time? Because let's face it, the right time might never come. If everyone knows the game, then who will win?

Note: Newly launch coins tend to be better for trading than old ones, and we can expect good returns in future

Chart #1: $BTC

BTC is currently at the Range Low and still acting as a strong support. So far, BTC appears bullish. The $69k level is very crucial at the moment. If it breaks, then things will change after $67.5k. Therefore, for now, treat it as a range low and trade accordingly.

Don't Forget: Pre-Halving dump. As we all know, the market always does unexpected things instead of predefined ones, so plan your trades accordingly.

Lesson#5:

Don't get too attached to just one cryptocurrency when trading.

If you've made money with one, try switching to another for your next trade. Sticking to the same one might make you take bigger risks and gamble instead of making smart trades.

If you're trading against the trend, only use high leverage with a small amount of money for quick trades.

It's better to trade with more money and lower leverage for longer-term swings.

Hey everyone! Long time no chat, but I'm here and ready to dive back in!🎉

Lesson #4

Identification Of Support/Resistance getting weak?

When you find out the the level is acting as a Support/Resistance you must see that the market respect that levels and bounce back

In Historical Data you see that level as a good Support/Resistance , So you have to Identify its weakness on the behaves of Bounce back , If the bounce back getting weaker and weaker indication of its weak

Lets ask a Question to yourself:

if this support level were so good why are the bouncers so weak and why does the market keep coming back to it

Same thing Applies For the Resistance Level

if its getting weaker and weaker you will see a Breakout - downward if support getting weak and upward if resistance getting weak

So more Test in the same direction = Weaker the Level [Support/Resistance]

E.G:

As you see in the below example Bounces getting weaker and weaker at support so we are seeing a Breakout

Lesson #3

This will help you know when to exit.

So, whenever you see the trendline in the HIGHER TIME FRAME, you must keep an eye on it.

The more you observe, the more you will understand what is happening.

Here is the coin $ATOM

As you can see, at point 1 (High), when the market reaches that point, a sharp pullback occurs. After that, the market retests the 1 (High) point.

The market didn't break the previous HIGH (1), which was the first indication that the market would not go above it anymore.

The second indication was that the price broke the trendline and retested it.

So, whenever in an UPTREND, you see 2 equal highs, and the second high doesn't break the first one, and it breaks the trendline and retests it, then it is the right time to exit.

There is no need to be attached to your trade emotionally. It is better to move out in the green instead of in the red.

Lesson #2

Important ONE

$BTC is like a king of the Market , if its pump then other alts will pump as well, if its dump or sideline then other alts dump

so one of the coin I saw Today was RUNE , BTC was in sideline with touching the range low and trying to break the below line to make it as a resistance, so RUNE was dumping at that time, but when the BTC started to pump , the RUNE that was dumping before was also started to pump bcz of BTC and then we saw the Pump in RUNE as well bcz of BTC

SO WHAT WE HAVE TO DO?

Whenever you see the BTC was sideline with touching the range low , never try to LONG any coin as we don't know BTC will dump or pump, and those coin you shorted at that moment must be closed when you see the pump in BTC then your shorted coin will also started to pump as it will wipe out your account if you will not take a look on Those coins

OR

Whenever you see the BTC is sideline with touching the range high , never try to short any coin as we don't know BTC will dump or pump, and those coin you Longed at that moment must be closed when you see the dump in BTC then your Longed coin will also started to dump as it will wipe out your account if you will not take a look on Those coins

So BEST Approach is to close all coin you shorted , when BTC starts Pump / close all the coin you longed , when BTC starts dump

Lesson #1
we have to make a clear picture in our mind and wait for the candle close as it change the market structure ,

so if you have an idea there must be an invalidation point

For Example:

if you think a level is acting as a support/resistance you must have to wait if its respect that level then you decide long or short

like in the above I make an idea by saying if below line will break - that line will act as resistance then we short , so its my idea

and the invalidation is if the idea is not move in that way then my idea is invalid line the below white line is not acted as a resistance

So we have to make the decisions in this way

Why I loss: learn it from my experience or give it a Try

I didn't add the stoploss

I was biased with my trade

I was over confident

I was not ready to accept the loss after consistent successful trades

When you make a lot of successful trades in your learning phase try not to add more capital just to get more ( sooner or later you will loss all what you have made). its a greed that force you to add more

DCA UpTo certain level , if its not going in your direction then accept the loss

You will get panic when you see your gains are converting into loss so try to accept the loss again telling you guyz

In start I took some bad entries so when you have to open a trade try to see the LTF as well

When you see the profit in a trade,then your stoploss must not be at the same place when you entered in the trade shift your SL Accordingly