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The most important thing in trading is understanding price movements and risk management, not drawing triangles and setting huge stops #TradingMadeEasy
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Waiting - do not rush to open trading positions as soon as you sit down at your desk, as if the market is waiting for you to come and open a position. Identify key points, track how the price behaves, analyze. Do not trade on emotions. Do not expect great success from trading right away, this turns trading into gambling. #TradingTipOfTheDay
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Trading is not about who is the smartest, it's about who wants it the most #QuoteoftheDay
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The most important thing to learn is to close the chart at the right time. Not every trade will be profitable, just like not every day or month will be. Today might just not be your day, and if you keep trading, you might lose your account. Here are a few recommendations: - Learn to close the chart, strictly limit your risks and the number of trades per day. You have two options: 1% risk per day, 1 trade. 1.5% risk per day, 2 trades. (If the first trade is a loss, the second trade should be taken with 0.5% risk). - No matter what happens on the chart, once you hit your limit, you're done trading for the day. Close the chart and analyze the day in the evening. Until you learn to close the chart, you'll keep losing and blowing accounts. - Keep a trade log. Having your statistics handy is essential. You'll understand your key mistakes, win rate, which days you lose more, which setups are profitable, and which should be removed. Without statistics, you’re not really trading. - Plan your trades. Start planning your trades for the day or at least for a session, and stick to one direction. Don’t trade in all directions. -Trading in all directions leads to emotional swings and constant doubt about which direction to take (should I go long?). Don’t let one bad day take you out of the game. Start controlling your risks and the number of trades you make, and you’ll get much closer to your first payout. Stop wasting time, gather your resolve, and close the chart when you hit your limit. #TradingTips #TradingAdvice
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News in the crypto market can be used to change the direction of the market, and can also support an already established direction of order flow, especially when a weekly reversal has already occurred and the news only strengthens this direction. $TON
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