#BTCUSDT $BTC
MONEY MANAGEMENT (Stay in the market)
100$ Balance Trade Lot size = 10 cents.
1000$ Balance Trade Lot size = 1 dollar
10,000$ Balance Trade Lot size 10 dollar
I MYSELF TRADE WITH 10K BALANCE AND PUT 0.10 1DOLLAR LOT IN IT AND RISK 3% TO 5% OF MY BALANCE. I DON'T TRADE ANY OTHER ELEMENT IN THIS ACCOUNT EXCEPT FOR BTC and BNB. THIS INCLUDES SWING AND INTRADAY BOTH.
STOP LOSS (Save Equity)
It should be 3% to 5% max of your balance. Total volume of stop losses of all entered trades must remain under this quantity. No matter stop loss volume reaches 5% mark on one trade or several trades. Total calculated volume should be 3 to 5 percent.
TAKING PROFIT (Risk to Reward)
If placing trades with a ratio 1:2 then it should be locked at after having in profit of 10% at least. However Tp1 Tp2 and Tp3 may be set with in this ratio range. A personal or friendly advise is to wait for the first trade to get locked and then enter the second as per price action.
ENTERING MARKET (Earning precautions)
Find Support in Bullish trend and Resistance in Bearish trend. I don't enter the trade for the whole day if I don't get the top or bottom. Not trading is also a position that has your equity in your hand. For Intraday work in H1 time frame. For Swing work in H4 and D1 time frame.
DOs and DON'Ts (Discipline must)
1)Never trade with your heart, use your brain.
2)Never trade against the trend. Trend is your friend unless it bends.
3)Never over trade, limit it with 10% to 15% loss or profit per day.
4)Be disciplined in your strategy never change your technique if it is 7:10 ratio in profit.
5)Never complicate your trade with more and more indicators combining news reports expert analysis etc etc. Keep it as simple as possible and stay with it.
Thanks n regards
