Trading advice🗓
First of all if you wanna become a day trader, have a plan to get into a coin. Ask yourself why am i buying or shorting this coin. And the only two reasons to do that are either price action or technical analysis.
On every trade that you make you must have a stop order, if you have a mental stop,you're mental.
You have a stop order and you never change it. If you're in a trade and it goes against you, you're out of the trade, you move on to the next one.
if you're in a trade and it becomes successful take a profit while you can up 50 cents up 1 dollar.
Move you stop order up to break even so you can never turn a winning trade into a losing trade. And use a trailing stop to make as much out of your winners, and lose as least out of your losers.
If you're having a bad day and we all have bad days, three losing trades in a row and turn your machine off and go home. It doesnt make you a loser and doesnt make you a bad trader.
You'll come back from a bad day, You'll come back from a bad week. But you will not come back from revenge trading. When you turn your account thats up 4 grand into a loser of 20 grand.
So never turn a winning trade into a losing trade, Never turn a winning day into losing day. Never ever revenge trade if you're losing just turn the machine off and go Home. Period.
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