Siddharth Giri
700 Posts
Siddharth Giri
Twitter: @iSiddharthGiri, Follow me for Trading Setup, Technical Analysis, Crypto Explanation, and everything related to cryptocurrencies.
#BinanceTurns7 task 2
#BinanceTurns7
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Frequent Trader
5.8 Years
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🚨Biggest #Trading Mistake🚨
Suppose you start trading with $1000 and you decided to risk 5% ($50) per trade.
You open a trade after confirmation but the trade hit stop-loss. You open another trade after confirmation but this trade hit stop-loss again.
After two continuous losses, your balance is $900 & you start panicking & your mind forces you to take the wrong decisions.
Now you start thinking about recovering your losses instead of making a profit & to recover the loss your mind forces you to open another trade.
You open another trade without confirmation & this time you take a higher risk because your mind is forcing you to do so. The trade hit stop-loss again.
💔Your mind keeps forcing you & you keep doing the same mistake again & again & you end up with a $0 balance after a few more trades. #BinanceTournament
Suppose you start trading with $1000 and you decided to risk 5% ($50) per trade.
You open a trade after confirmation but the trade hit stop-loss. You open another trade after confirmation but this trade hit stop-loss again.
After two continuous losses, your balance is $900 & you start panicking & your mind forces you to take the wrong decisions.
Now you start thinking about recovering your losses instead of making a profit & to recover the loss your mind forces you to open another trade.
You open another trade without confirmation & this time you take a higher risk because your mind is forcing you to do so. The trade hit stop-loss again.
💔Your mind keeps forcing you & you keep doing the same mistake again & again & you end up with a $0 balance after a few more trades. #BinanceTournament
Stopped Out ❌️
Siddharth Giri
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Bullish$BTC - Long Setup.
Price took the liquidity below Monday Low. I think it should hold here.
{future}(BTCUSDT)
Price took the liquidity below Monday Low. I think it should hold here.
{future}(BTCUSDT)
$ZEC - UP 1R.
I think #ZEC will be making new ATH within a few days because ZEC/BTC is still looking bullish.
I think #ZEC will be making new ATH within a few days because ZEC/BTC is still looking bullish.
Siddharth Giri
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Bullish$ZEC - Consolidating above EMA200 and ZEC/BTC is also looking Bullish.
If $BTC holds here, #ZEC will be one of the first to bounce.
Let's see how this goes.
{future}(ZECUSDT)
If $BTC holds here, #ZEC will be one of the first to bounce.
Let's see how this goes.
{future}(ZECUSDT)
$BTC - Trying Long at Daily FVG.
Looks like a decent area for a bounce. Let’s see how the market reacts here.
Looks like a decent area for a bounce. Let’s see how the market reacts here.
Stopped Out Again ❌️
Siddharth Giri
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Bullish$BTC - Trying This Long again but this time with a wider SL.
Let's see how this goes this time.
{future}(BTCUSDT)
Let's see how this goes this time.
{future}(BTCUSDT)
$BTC - Trying This Long again but this time with a wider SL.
Let's see how this goes this time.
Let's see how this goes this time.
Siddharth Giri
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Bullish$BTC - They stopped me out and bounced. 😭
{future}(BTCUSDT)
{future}(BTCUSDT)
$BTC - They stopped me out and bounced. 😭
Siddharth Giri
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Bullish$BTC - Trying This Long.
#BTC is looking weak but I am still trying this Long because price is consolidating above Monday Low.
Let's see how market reacts.
{future}(BTCUSDT)
#BTC is looking weak but I am still trying this Long because price is consolidating above Monday Low.
Let's see how market reacts.
{future}(BTCUSDT)
$BTC - Stopped Out ❌️
Siddharth Giri
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Bullish$BTC - Trying This Long.
#BTC is looking weak but I am still trying this Long because price is consolidating above Monday Low.
Let's see how market reacts.
{future}(BTCUSDT)
#BTC is looking weak but I am still trying this Long because price is consolidating above Monday Low.
Let's see how market reacts.
{future}(BTCUSDT)
$SOL - Looking Good 🚀
I hope you entered at the bottom.
I hope you entered at the bottom.
Siddharth Giri
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Bullish$SOL - Almost ready for the breakout.
{future}(SOLUSDT)
{future}(SOLUSDT)
I closed my $ZEC Long at around 628. It can still go higher but I closed because booking profit is never a bad idea.
If you want to hold, You can move SL to 554.
If you want to hold, You can move SL to 554.
Siddharth Giri
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Bullish$ZEC - Bullish Pennant Breakout.
{future}(ZECUSDT)
{future}(ZECUSDT)
$XAU - Long Closed.
Gold can still go higher, but I closed because 4650 is a resistance in daily.
Gold can still go higher, but I closed because 4650 is a resistance in daily.
Siddharth Giri
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Bullish$XAU - Bullish RSI Divergence in H4.
I think Gold can bounce to 4650.
{future}(XAUUSDT)
I think Gold can bounce to 4650.
{future}(XAUUSDT)
$BTC - Stopped Out ❌️
Siddharth Giri
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Bullish$BTC - Long Setup.
Monday Low Retest.
{future}(BTCUSDT)
Monday Low Retest.
{future}(BTCUSDT)
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