15 MISTAKES you Sholud NEVER do in your TRADING JOURNEY
I understand that many people only learn from mistakes and failures in their trading journey, or even in life. However, being aware of some common mistakes from the beginning and following the right path can greatly reduce your losses.
Here's my list of what not to do in your trading journey :
1/ Starting without a solid understanding of trading principles.
2/ Failing to research and understand the markets and assets you're trading.
3/ Ignoring fundamental and technical analysis.
4/ Allowing emotions like fear and greed to drive trading decisions.
5/ Overtrading due to impulsive emotions.
6/ Chasing losses by making larger trades to recover losses quickly.
7/ Ignoring your trading strategy and deviating from your plan.
8/ Using excessive leverage, leading to higher risks.
9/ Not adjusting strategies for different market trends (bull, bear, sideways).
10/ Not keeping a trading journal to learn from past mistakes.
11/ Believing that success in one trade guarantees success in others.
12/ Neglecting the possibility of losses due to overestimation of skills.
13/ Making decisions based on sudden market movements without analysis.
14/ Relying solely on the advice of others without understanding the rationale.
15/ Sticking to a failing strategy due to attachment or ego
That's it for this Post, If you need more of the mistakes to avoid in trading make sure to comment down below "More" and don't forget to like this post! 🫡❤️
Also follow me for more posts like this, so you don't miss it. 🤝
#Write2Earn!
Dogecoin (DOGE): brief price analysis
DOGE attempted to rise above the 20-day EMA ($0.10) on Aug. 20, but the bears did not relent.
However, the bulls have not given up and are again trying to drive the price above the 20-day EMA on Aug. 21. If they can pull it off, the DOGE/USDT pair may rise to the 50-day SMA ($0.11) and after that to the downtrend line.
Instead, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains negative, and traders are selling on minor rallies. The selling could accelerate if the pair breaks below $0.09.
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #doge⚡
$DOGE
Hey Litentry fam,
🌟 Our Identity-based staking is officially live. You can visit our website to check it out, https://t.co/wIukUBUcQl
⚡️ For users who earned Identity Staking LIT rewards during Season 2, we have already airdropped the rewards to the corresponding wallet addresses, so please check your wallets.
♥️Additionally, we will be opening ID Coins Market during the Preseason on August 23 (with more to come later). Don't forget to join in!
#Litentry #IdentityHub #Staking
🚀 Understanding Market Leaders: Early Birds (🐦) vs Bull Market MVPs (⭐️)
Here’s how to distinguish two types of market leaders, using examples from the 2020-2021 bull run — LINk vs SOL:
Bottom Out Early: They bottom out alongside $BTC and take the early lead.
Pump Hardest in Early Bull Run:See massive gains in the initial stage of the bull market.
Peak Before BTC Price Discovery:Usually top out before #BTC enters its Price Discovery phase.
⭐️ Bull Market MVPs ($SOL):
New Entrants: Fresh projects that haven’t experienced a bear market but quickly gain momentum once they hit the market.
Massive Gains Post-BTC Price Discovery: Achieve most of their gains after #BTC☀ enters Price Discovery.
Top Out Last: Typically peak much later in the bull run.
🔍 A Closer Look at 2021:
LINK (Early Bird):Topped out in May 2021, making the bulk of its gains early in the bull run.
SOL (Bull Market MVP): Temporarily topped in May 2021, but broke its $58 top in August, eventually soaring to $260 by November!
🗓️ November 2021 Highlights:
#Bitcoin❗ Made a Higher High (Cycle Top).
$SOL: Also made a Higher High (Cycle Top).
$LINK:Made a LOWER High, having topped out in May.
💡 Key Takeaway:
When #BTC enters the Price Discovery phase, it’s often strategic to rotate out of Early Birds
🐦 like $link and into potential Bull Market MVPs
⭐️ like $SOL. This approach allows you to capture gains both early and late in the bull market cycle!
Visit my profile And Must check My Pinned post.
#CryptoMarketMoves #MtGoxRepayments #BinanceLaunchpoolDOGS $SOL $LINK
{spot}(LINKUSDT)
{spot}(SOLUSDT)
Lympid unveils the integration of Chainlink’s tokenized asset infrastructure
#Lympid partners with #Chainlink to bring the tokenized asset infrastructure to its #RWA platform. Through this partnership, Lympid integrates Chainlink industry-standard CCIP and Proof of Reserves to offer a secure and composable method for accessing tokenized RWAs.
Lympid is an RWA platform that offers tokenized RWAs such as Art, luxury watches, jumping horses, real estate, and US treasuries. The project is backed by #1inch , #ChainlinkBuild and Fintech House.
👉 x.com/lympid_official/status/1826289959549952321
📈 $TRX $SUN Tron is the top trending asset in crypto following its latest pump and SunPump's continued popularity.
The project's new memecoin deployer debuted on August 12th, with well over 7,000 new coins launched. Since this launch, TRX's own market value is +22%, peaking at just over $0.165 earlier today.
From a data perspective, long-term optimism that has formed as a result of the deployer's success indicates a high potential for mid-term bullish price momentum and short-term volatility.
{future}(TRXUSDT)
{spot}(SUNUSDT)
Breaking Breaking Breaking 💥💥💥💥💥💥
Urgent Urgent Update !!!!!!!!!!!!
To all the Hamster Combat brothers, this is my message: These people are just making money off you and leading you on a wild goose chase. They keep coming up with new missions daily, but it would have been better if you had listened to my previous post about Dogs, the new coin being listed on Binance launchpad. It didn't even take 15 days, and everyone is getting airdrops. Here's another thing, there's another coin related to this, and the Dogs team is backing it up. If you want to get its airdrop and want me to post proper details about it, then go to my profile, click the vote option, and share this post. Write "done" in the comments.
#HamsterKombat #MtGoxRepayments #PowellAtJacksonHole #BinanceHODLerBANANA #BlackRockETHOptions
📈LONG: $CTSI (1W)
[VISIT MY PROFILE AND VOTE](https://app.binance.com/uni-qr/cpro/CryptoASHLEY81?l=en&r=126368200&uc=app_square_share_link&us=copylink)
Analysis:
The chart shows CTSI/USDT in a consolidation phase near its lower support around $0.0981. Currently priced at $0.1376, it's hanging just above the support zone, suggesting potential for a bounce. Keep an eye on BTC & ETH trends for broader market insights, including futures trades.
Price Targets:
If CTSI/USDT can break out of the downtrend, watch for the first target at $0.2700. Should bullish momentum continue, the next major target is the all-time high around $1.7500. A potential long-term target could be up to $1.6254 for significant gains.
$CTSI #DYOR
{future}(CTSIUSDT)
Crucial levels for Bitcoin after crossing $60,000
(note: the post contains data by CoinPedia)
The BTC price yet again tested the resistance at $60,000 and is trying very hard to sustain above the gains. The bullish probability has emerged with the expectation of reclaiming the upper targets, which may pave the way for the token to rise towards new highs. A popular analyst, Michael van de Poppe, says that the Bitcoin price is required to bounce to the final resistance as the markets have begun to break out.
The analyst believes that the bulls have begun to intensify their activity and hence the BTC price is required to bounce and reclaim the final resistance at $62,000. If this happens, he predicts that the token may form a new ATH before the end of the quarter. Besides, the ETF inflow has also come in positive ranges, which may fuel the rally.
The price has been constantly failing to rise above the resistance since the start of the month. Moreover, it has displayed a couple of fakeouts in recent times which has raised concerns over the prevailing price action. Although the levels continue to hold above the triangle, a drop back within the pattern may validate another fakeout, which may drag the levels below the ascending support. This may signal another market crash as the exhaustion of the bulls may reach its peak, causing a more than 15% drop in Bitcoin (BTC) prices.
#MtGoxRepayments #PowellAtJacksonHole #CryptoMarketMoves #LowestCPI2021 #Bitcoin❗
$BTC