Fellow Binancians!!!
Profitable Trading (part-2)
Now i will discuss a practical approach with examples to implement these rules in a trade.
1. Always remember only key to success and avoid losses is risk management. Yesterday i took a trade of #ZRX long with 20$ margin and 10x leverage. my initial entry was 0.3276 and it went the other way. i waited for a dip managing my SL. when it dipped to 0.3120 ,i added 15$ margin and my average entry is now 0.3206 and i am in full control of my trade and will end it in profit even in worst case if it happens. Though its in loss still but am confident to get over it.(live proof attached)
2. Main theme is always have some shade to get under when it goes wrong. As if one trade goes wrong ,it will disheart you and you will loose your confidence ultimately loosing it all.
3. Remember it wont be the last day of market or trading. If you manage to survive a worst trade ,it will boost your confidence and you will always be hopefull to recover as long as you have something in your bag. But if you loose all then there is no hope left.
4. Trading is all about managing hope and fear. Always find means so that you are hopefull everyday and dont allow the fear overcome you.
5. If you are a newbie try to analyse the trends. Every month starts with a new trend and this trend continues for a month. For example December was a month of sudden dips and most of you remember that markrg dipped suddenly every second day. January was different as there was no sudden dip and things moved smoothly either up or down it went smooth.
I will continue to share such valuable things before i move on to start posting technical analysis of diffrrent coins. My aim is to encourage small traders and help them earn valuable assets for them. All my content is just for small traders not for big fishes. So if someone thinks these things are valuable please like and follow me.
keep encouraging and keep flourishing.
Be blessed all of you.!!!
$ZRX $BTC $SOL
