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Trading📉📈 - is gambling
But only for those who don’t understand what they’re doing.
1. Trading is a business
If you want to develop strong skills, you need to treat trading as a real business.
• It’s not a hobby.
• It’s not a way to get rich quickly.
• Track your expenses (losses).
• Track your income (profits).
• Strive to ensure your income exceeds your expenses.
• Know your strategy’s strengths and work on improving them.
2. Risk management
Risk management can either strengthen or break a trader.
• Set an acceptable level of risk that you feel comfortable with.
• Always be prepared to lose the amount you are risking.
• Never risk more than you can afford to lose.
3. Create a trading system
• Find what works for you by analyzing your main mistakes, reasons for losses, etc.
• Follow your trading system.
• Repeat your trades until you have enough data to optimize and improve your system.
This is how you build a proven and effective system.
But only for those who don’t understand what they’re doing.
1. Trading is a business
If you want to develop strong skills, you need to treat trading as a real business.
• It’s not a hobby.
• It’s not a way to get rich quickly.
• Track your expenses (losses).
• Track your income (profits).
• Strive to ensure your income exceeds your expenses.
• Know your strategy’s strengths and work on improving them.
2. Risk management
Risk management can either strengthen or break a trader.
• Set an acceptable level of risk that you feel comfortable with.
• Always be prepared to lose the amount you are risking.
• Never risk more than you can afford to lose.
3. Create a trading system
• Find what works for you by analyzing your main mistakes, reasons for losses, etc.
• Follow your trading system.
• Repeat your trades until you have enough data to optimize and improve your system.
This is how you build a proven and effective system.
Trading is the most effective and the most expensive self-development program you have ever participated in or could participate in.
Trading will force you to examine your habits, emotions, and character. Many beginners end their trading journey before it even begins because they dislike confronting the reality of their losses and poor results, which turn out to be caused by themselves.
It’s challenging, but there’s no other path to success—it requires effort. If achieving success in trading were easy, everyone would be a successful trader.
Most people are unwilling to change for the sake of results because change can be too painful.
If you don’t change, you don’t grow. Do you find your trading results insufficient? Then act, try, make mistakes, learn, and adapt.
“Something needs to change” → “I need to change something” → “I changed it.”
$BTC
Trading will force you to examine your habits, emotions, and character. Many beginners end their trading journey before it even begins because they dislike confronting the reality of their losses and poor results, which turn out to be caused by themselves.
It’s challenging, but there’s no other path to success—it requires effort. If achieving success in trading were easy, everyone would be a successful trader.
Most people are unwilling to change for the sake of results because change can be too painful.
If you don’t change, you don’t grow. Do you find your trading results insufficient? Then act, try, make mistakes, learn, and adapt.
“Something needs to change” → “I need to change something” → “I changed it.”
$BTC
$BTC
BTC/USDT:
Daily Chart:
On the daily chart, BTC/USDT exhibits an overall uptrend, confirmed by trading above the 200-day moving average. However, the recent price decline may indicate a correction or consolidation before further movement. Candlestick patterns such as the “bullish engulfing” may suggest a potential resumption of the upward movement.
4-Hour Chart:
On the 4-hour chart, BTC/USDT recently broke through a short-term descending trendline, which could indicate a potential resumption of the upward movement. However, for confirmation, the price needs to consolidate above the resistance level of 98,000 USDT. Candlestick patterns like the “bullish engulfing” can confirm this trend.
1-Hour Chart:
On the 1-hour chart, bullish candlestick patterns such as the “bullish engulfing” are forming, which may indicate short-term price growth. However, for confirmation, it is necessary to overcome nearby resistance levels and consolidate above them.
Overall Conclusion:
While there are signs of a potential resumption of the upward movement, it is recommended to wait for confirmation in the form of price consolidation above key resistance levels before opening long positions.
BTC/USDT:
Daily Chart:
On the daily chart, BTC/USDT exhibits an overall uptrend, confirmed by trading above the 200-day moving average. However, the recent price decline may indicate a correction or consolidation before further movement. Candlestick patterns such as the “bullish engulfing” may suggest a potential resumption of the upward movement.
4-Hour Chart:
On the 4-hour chart, BTC/USDT recently broke through a short-term descending trendline, which could indicate a potential resumption of the upward movement. However, for confirmation, the price needs to consolidate above the resistance level of 98,000 USDT. Candlestick patterns like the “bullish engulfing” can confirm this trend.
1-Hour Chart:
On the 1-hour chart, bullish candlestick patterns such as the “bullish engulfing” are forming, which may indicate short-term price growth. However, for confirmation, it is necessary to overcome nearby resistance levels and consolidate above them.
Overall Conclusion:
While there are signs of a potential resumption of the upward movement, it is recommended to wait for confirmation in the form of price consolidation above key resistance levels before opening long positions.
DOGE/USDT:
On the daily chart, DOGE/USDT shows a slightly upward trend overall, confirmed by 57.14% of moving average signals being bullish. However, the short-term trend remains strongly bearish, which may indicate a possible correction or consolidation before further movement.
On the 4-hour chart, DOGE/USDT recently broke through a short-term descending trendline, which could suggest a potential recovery of the upward movement. However, for confirmation, the price needs to consolidate above the resistance level of 0.34477 USDT.
On the 1-hour chart, bullish candlestick patterns, such as the “bullish engulfing,” are forming, which could indicate short-term price growth. However, for confirmation, the price must overcome nearby resistance levels and consolidate above them.
Overall, while there are signs of a potential recovery in the upward movement, it is recommended to wait for confirmation in the form of price consolidation above key resistance levels before opening long positions.
$DOGE
On the daily chart, DOGE/USDT shows a slightly upward trend overall, confirmed by 57.14% of moving average signals being bullish. However, the short-term trend remains strongly bearish, which may indicate a possible correction or consolidation before further movement.
On the 4-hour chart, DOGE/USDT recently broke through a short-term descending trendline, which could suggest a potential recovery of the upward movement. However, for confirmation, the price needs to consolidate above the resistance level of 0.34477 USDT.
On the 1-hour chart, bullish candlestick patterns, such as the “bullish engulfing,” are forming, which could indicate short-term price growth. However, for confirmation, the price must overcome nearby resistance levels and consolidate above them.
Overall, while there are signs of a potential recovery in the upward movement, it is recommended to wait for confirmation in the form of price consolidation above key resistance levels before opening long positions.
$DOGE
What Is a Stop-Loss?
A stop-loss is a predetermined price level of an asset at which a trade is automatically closed to limit financial losses on that position.
Instead of monitoring trades in real-time around the clock, traders can set these levels to activate automatic selling without constant market supervision.
Stop-loss orders are applied exclusively to open positions.
Types of Stop-Losses
1. Conservative Stop-Loss
2. Aggressive Stop-Loss
•Conservative Stop-Losses are placed beyond highs or lows that have interacted with liquidity or tested an imbalance.
What does “interacting with liquidity” mean?
This refers to cases where one extreme (high or low) breaks another extreme.
•Aggressive Stop-Losses are placed closer than conservative ones, reducing the stop-loss distance and increasing the risk-to-reward ratio. However, aggressive stop-losses often lead to losing trades since the chosen level might not always be justified.
Key Considerations
Always assess whether your stop-loss is placed correctly. Ask yourself:
• Is a reduced stop-loss worth the added stress?
• Could it lead to unnecessary potential losses in the future?
Smart and justified placement of stop-losses is crucial for successful trading.
A stop-loss is a predetermined price level of an asset at which a trade is automatically closed to limit financial losses on that position.
Instead of monitoring trades in real-time around the clock, traders can set these levels to activate automatic selling without constant market supervision.
Stop-loss orders are applied exclusively to open positions.
Types of Stop-Losses
1. Conservative Stop-Loss
2. Aggressive Stop-Loss
•Conservative Stop-Losses are placed beyond highs or lows that have interacted with liquidity or tested an imbalance.
What does “interacting with liquidity” mean?
This refers to cases where one extreme (high or low) breaks another extreme.
•Aggressive Stop-Losses are placed closer than conservative ones, reducing the stop-loss distance and increasing the risk-to-reward ratio. However, aggressive stop-losses often lead to losing trades since the chosen level might not always be justified.
Key Considerations
Always assess whether your stop-loss is placed correctly. Ask yourself:
• Is a reduced stop-loss worth the added stress?
• Could it lead to unnecessary potential losses in the future?
Smart and justified placement of stop-losses is crucial for successful trading.
RISK MANAGEMENT
Risk management is the art of properly managing your deposit.
Effective risk management (RM) is the cornerstone of success. Its primary goal is to protect your assets over the long term. Ideally, the risk per trade should not exceed 1% of your total deposit, with a maximum of 3%. This ensures that even during a losing month, the impact on your deposit will be minimal, helping you maintain emotional stability.
Now, let’s imagine a scenario where the risk per trade is 10%. This approach is a dire
Effective risk management (RM) is the cornerstone of success. Its primary goal is to protect your assets over the long term. Ideally, the risk per trade should not exceed 1% of your total deposit, with a maximum of 3%. This ensures that even during a losing month, the impact on your deposit will be minimal, helping you maintain emotional stability.
Now, let’s imagine a scenario where the risk per trade is 10%. This approach is a dire
$SOL Key Levels and Strategy
Chart Analysis
• Current Price: $220, reflecting a 3.80% gain.
• Moving Averages:
• MA(7): $199.36 — indicates short-term bullish momentum.
• MA(25): $211.29 — price above MA(25), confirming a bullish trend.
• MA(99): $168.06 — long-term trend remains upward.
• Volume: Recent significant trading volume supports the price increase.
Key Levels
• Resistance: $264.39 is a key resistance point. Breaking above it would confirm strong bullish momentum.
• Support: $211.46 serves as the current support level. If this level is breached, a pullback to $170.55 could follow.
Indicators
• Recent price action and trading volume suggest a potential breakout above $222.14 (24-hour high).
• Sustained movement above MA(7) and MA(25) reinforces the bullish outlook.
Strategy
• Buy Signal: Consider entering near $221.55, with a stop-loss placed below $211.46 to limit downside risk.
• Target: Aim for the resistance level at $264.39.
• Caution: Refrain from buying if the price dips below $211.46 or if trading volume decreases.
Bullish indicators and trading volume make buying SOL around $220 a potentially profitable opportunity, with a target of $264
Chart Analysis
• Current Price: $220, reflecting a 3.80% gain.
• Moving Averages:
• MA(7): $199.36 — indicates short-term bullish momentum.
• MA(25): $211.29 — price above MA(25), confirming a bullish trend.
• MA(99): $168.06 — long-term trend remains upward.
• Volume: Recent significant trading volume supports the price increase.
Key Levels
• Resistance: $264.39 is a key resistance point. Breaking above it would confirm strong bullish momentum.
• Support: $211.46 serves as the current support level. If this level is breached, a pullback to $170.55 could follow.
Indicators
• Recent price action and trading volume suggest a potential breakout above $222.14 (24-hour high).
• Sustained movement above MA(7) and MA(25) reinforces the bullish outlook.
Strategy
• Buy Signal: Consider entering near $221.55, with a stop-loss placed below $211.46 to limit downside risk.
• Target: Aim for the resistance level at $264.39.
• Caution: Refrain from buying if the price dips below $211.46 or if trading volume decreases.
Bullish indicators and trading volume make buying SOL around $220 a potentially profitable opportunity, with a target of $264