Here are some valuable trading lessons I've learned the hard way:
1. 🕵️♂️ Do Your Own Research No matter who provides you with a trading signal, it's crucial to conduct your own research before making a purchase. Don't blindly follow someone else's advice. Remember, it's your money on the line!
2. 💰 Sell for Profit, Don't Wait for Miracles It's always, always, and always better to sell a coin when you're in profit rather than waiting and praying for it to skyrocket by some miracle. This is especially important in futures trading when you're already in a loss. Greed can often lead to missed opportunities and bigger losses. Take your profits and live to trade another day!
3. 🛡️ Move Stop - Loss to Profit Once you're in profit, move your stop - loss to the profit zone. This way, in case of sudden and sharp market changes, you won't end up losing the money you've already earned. It's like having an insurance policy for your trading gains.
By following these simple yet powerful lessons, you can make more informed and profitable trading decisions. Good luck out there in the crypto market! 💪
📌 Setup Explanation: $THE bounced hard from $0.3723 and is now trading at $0.3844 (+14.44% daily). Strong buyer support and recovery signal bullish intent. If price holds above $0.3800 and volume continues to support the move, a breakout past the $0.4039 barrier could be imminent.
🖼 (Attach screenshot of chart with entry/target zones marked)
I'm holding my assets, and I refuse to sell at a loss. Only if I'm 100% certain of a significant downturn will I consider selling. Patience and strategy are key. Let's navigate this together! 💪
what's your strategy ? are you buying or holding ?