avoidloss
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what should we look before taking a trade in futures?
Hi dear readers! I think No one can learn all about crypto so please be kind to everyone and if i forget something and don't know something and accidentally wrote something wrong then please let me know in comments . It will be beneficial for all of usđ„° So before taking a trade in futures we should take a look on all of mentioned below topics1_ We should see where are the support and resistance zones in that coin chart patterns in which we want to trade2_We should take a look is there any breakout or any type of single , double or triple candleStick pattern forming or not 3_We should take a look of market previous chart and find out that is there any chart pattern forming or not 4_We should use different indicators to see the different things and should take a look on volume on different strategies. 5_We may also take a look on news about that coin which we want to trade but i think it is not necessary for short time trading but for long it is necessary Please note: I am not responsible of anyones profit or loss . If you like this then follow and you may also tip. Be kind to everyone and share your knowledge with others and let me know if i don't know something or i forget something to mention đ„°#TrendingTopic #Write2Earn⏠#avoidloss
Unsaid Trading Rules you must knowđ
1. Always have a planđ
2. Risk only what you can afford to lose đ”
3. Diversify your portfolio đŒ
4. Trade with the trend đ
5. Learn Market reactions to events đ§đ»âđ»
6. Set realistic goals đŻ
7. Learn from past tradesđ§
8. Maintain a trading journal đ
9. Avoid revenge trading đ
10. Stay Patient and Consistent đ
#rules #avoidloss #AvoidHighRisk #AvoidLosses
1. Always have a planđ
2. Risk only what you can afford to lose đ”
3. Diversify your portfolio đŒ
4. Trade with the trend đ
5. Learn Market reactions to events đ§đ»âđ»
6. Set realistic goals đŻ
7. Learn from past tradesđ§
8. Maintain a trading journal đ
9. Avoid revenge trading đ
10. Stay Patient and Consistent đ
#rules #avoidloss #AvoidHighRisk #AvoidLosses
Here's what my strategy is this Bull run. I believe we are currently in the mid bull run and we shall soon see dreaded 20 to 40% drops in all of our holds.
By soon, I mean in a month or so as evidenced by the historical dips of $BTC , now does this mean I am bearish? No I am not, and I have a way to mitigate these losses and that is to take money of the table at expected dips and rotate this money into stable coins and altcoins.
Now, you can argue that this move is a pansy move but it does hedge some losses. Here's how I plan to do it:
1. Continuously take profits on $BTC once it reaches the 80k mark (because I will be satisfied there)
2.Rotate my portfolio into USDC and $SUPER and $BEAMX , these are altcoins I am bullish on and see giving us atleast a 5x profit.
And that's it, nothing too complicated.
#BTC.đ. #BEAMXUSDT #TakeProfits #avoidloss
By soon, I mean in a month or so as evidenced by the historical dips of $BTC , now does this mean I am bearish? No I am not, and I have a way to mitigate these losses and that is to take money of the table at expected dips and rotate this money into stable coins and altcoins.
Now, you can argue that this move is a pansy move but it does hedge some losses. Here's how I plan to do it:
1. Continuously take profits on $BTC once it reaches the 80k mark (because I will be satisfied there)
2.Rotate my portfolio into USDC and $SUPER and $BEAMX , these are altcoins I am bullish on and see giving us atleast a 5x profit.
And that's it, nothing too complicated.
#BTC.đ. #BEAMXUSDT #TakeProfits #avoidloss
Money management in trading
Hi dear readers. It generally happens that while you are trading and you are making profit then some people becomes greedy and start investing more and more. It will result a loss for them . And sometimes it happens that you lose the amount that you used for trading and at that point some people use more money to trade to overcome there loss and make profitable and this is a very big problem and one of most important reason of losing money in trading. Please keep it in mind that money that you are using in trading is your hard earned money and you earned that amount with so much difficulties. So please use a fix percentage of the amount that you have and never exceed that fixed amount. No matter what will happen. No matter how much money you think you will make if you invest more. Always use a fix amount and don't do risky trading to avoid losses . Follow and tip if you like it đ„°#TrendingTopic. #avoidloss #profit