$AEVO just formed an inverse head and shoulders, I been hol | Macrobian Trader no Binance Square

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$AEVO  just formed an inverse head and shoulders, I been holding for two days now...let's go up  🚀🚀🚀 take profit set at 1.5. 

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👉How to keep your account safe from liquidation👏 1. Use only 2% of your balance for each trade 2. Your Stop loss must not be bigger than the margin you used to open the trade. I will explain how to use a good stop loss on my next post. So why do people don't like the 2% rule for each trade. Common excuses: ✅️I want to make a big profit ✅️My account is small and I want to grow it ✅️2% is so small, I can't use it 😯 Reality check: ✅️Liquidation happens every day ✅️No stop loss results in liquidation ✅️Using a big margin like 10% and more = high liquidation risk ✅️Your sense of urgency to make big profits quickly, comes from lack of experience and FOMO So what can you do differently? Start with changing your mindset about trading. Trading crypto is not a get rich hobby, that you come and 1x, 2x or 30x your money quickly then move on. Instead, this market is not going anywhere. Crypto is the future, so I want you to focus on learning instead of rushing to make profits. If you lose 4 trades in a row and you're using 2% for each trade, that's only an 8% loss to your account. Personally, if I lose 4 trades in a row, I call it a day and spend the rest of the day analyzing why I lost. Was my entry rushed? meaning, if I'm going long, did I buy at the top or waited until the price came down and reacted at the bottom. The opposite goes for shorting as well. Then, I have a clear answer on why I lost, and tomorrow, I can do better. The 2% rule allows me to trade 7 days a week. If I lose 4 trades of 2% each. I only need 2 trades that can give me 2x each to make back my loss (it's hypothetical example, but you get the idea) Since, I started combining the 2% rule with a good stop loss, my winning rate has improved and so can you 🫵 Happy trading 🫡

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