cryptoadvice
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LIVEAlistair Alphas
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MISTAKES you SHOULD 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. 🤝
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. 🤝
👑CRYPTO NEWS👑
🔥Impact of Spot #Bitcoin ETF approval on price action 🔥
Here's the deal: I foresee a quick spike and then a significant dip post-approval. It's likely a classic 'sell the news' scenario.
But don't fret! As we approach the trading date, we might see a climb back up. The real bullish vibes kick in when the ETFs start trading. Here's the scoop on how they acquire Bitcoin:
Contrary to popular belief, ETFs don't need to buy Bitcoin beforehand. The process is straightforward. Once trading begins, the fund gets cash, which heads to its chosen exchange—like Coinbase in this case.
Coinbase then buys Bitcoin and transfers it to the custody accounts. Any sell orders? Coinbase handles those too.
This cycle happens daily, so no pre-buying necessary. While there might be retail anticipation, I anticipate institutional shorts to outweigh this until the real capital flow starts.
The true price assessment? It's more of a waiting game. Let's talk 3, 6, and 12 months post-ETF approval.
My take might seem bearish in the short term, but long-term, I'm bullish on the Bitcoin ETF for the next decade. Remember, short-term market moves are just that—games.
Writing this to prep you: don't panic if the price takes a dip post-approval, especially if you're expecting an immediate surge. Stay cool! 📉🚀
#BitcoinETF #CryptoInsights $BTC $ETH $XRP #cryptoadvice #tothemoon 🚀🌕
🔥Impact of Spot #Bitcoin ETF approval on price action 🔥
Here's the deal: I foresee a quick spike and then a significant dip post-approval. It's likely a classic 'sell the news' scenario.
But don't fret! As we approach the trading date, we might see a climb back up. The real bullish vibes kick in when the ETFs start trading. Here's the scoop on how they acquire Bitcoin:
Contrary to popular belief, ETFs don't need to buy Bitcoin beforehand. The process is straightforward. Once trading begins, the fund gets cash, which heads to its chosen exchange—like Coinbase in this case.
Coinbase then buys Bitcoin and transfers it to the custody accounts. Any sell orders? Coinbase handles those too.
This cycle happens daily, so no pre-buying necessary. While there might be retail anticipation, I anticipate institutional shorts to outweigh this until the real capital flow starts.
The true price assessment? It's more of a waiting game. Let's talk 3, 6, and 12 months post-ETF approval.
My take might seem bearish in the short term, but long-term, I'm bullish on the Bitcoin ETF for the next decade. Remember, short-term market moves are just that—games.
Writing this to prep you: don't panic if the price takes a dip post-approval, especially if you're expecting an immediate surge. Stay cool! 📉🚀
#BitcoinETF #CryptoInsights $BTC $ETH $XRP #cryptoadvice #tothemoon 🚀🌕
