Trading Capital: $600 Risk Tolerance: 3% per trade Number of Trades per Week: 4 Trading Pair: SOLANA/USDT Platform: Binance Futures Risk to Reward: 1:3
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✅Risk Tolerance:
3% of $600 = $18 You're willing to risk $18 on each trade. Position Size:
With a fixed risk of $18 per trade and aiming for a Risk to Reward ratio of 1:3, your position size can be adjusted accordingly. If your risk per trade is $18, your potential reward should be three times that amount, i.e., $18 * 3 = $54.
✅Number of Contracts:
If trading futures on Binance, you would determine the number of contracts based on your position size and the contract size of the SOLANA/USDT futures.
✅Total Risk per Week:
With 4 trades per week, your total risk for the week would be 4 trades * $18 per trade = $72.
✅Target Profit per Week:
If each trade aims for a $50 profit and you make 4 trades per week, your potential weekly profit could be $50 * 4 = $200. Adjustments:
As always, adjust your risk parameters if your capital grows or decreases. Regularly reassess and modify your strategy based on changing market conditions.
Remember, a Risk to Reward ratio of 1:3 implies that for every $18 you risk, you aim for a $54 profit. While this ratio can potentially enhance profitability, it's essential to ensure that your strategy has a reasonable chance of success based on your analysis of the SOLANA/USDT market.
Additionally, continuously monitor your trading performance, analyze the results, and refine your strategy accordingly. Trading involves risks, and there are no guarantees of profit. Staying disciplined and managing risks effectively are crucial aspects of successful trading. Good luck with your trading endeavors! #Write2Earn #TrendingTopic #Sei #BNB/FDUSD $BNB $BTC $SOL
Follow me if you are losing money in your Trading. I will give a strategy. Comment ( Askandaru ) and share to a friend Trading Capital: $800Risk Tolerance: 3% per tradeNumber of Trades per Week: 4Trading Pair: LINK/USDTPlatform: Binance FuturesTrading Plan:✅Risk Management:Risk per Trade: With a trading capital of $800 and a risk tolerance of 3% per trade, the maximum risk per trade would be $24 (3% of $800).✅Position Sizing: Calculate the position size by dividing the risk per trade by the stop loss amount. For example, if the stop loss is set at $10, the position size would be $24/$10 = 2.4, rounded down to 2 contracts.✅Adjustment for Trade Size: Given the specific risk tolerance of $24 per trade, with $68 per trade, you can adjust your position size to approximately 0.35 contracts per trade ($24/$68).Trading Pair: LINK/USDT on Binance Futures✅Analysis: Conduct thorough technical and fundamental analysis for LINK/USDT using tools like TradingView. Look for potential support and resistance levels, trend patterns, and news affecting the cryptocurrency.Entry and Exit Criteria:✅Entry: Identify entry points based on technical analysis indicators such as moving averages, RSI, and trendlines. Ensure that your entry signals align with the overall trend and market conditions.✅Exit: Set a predefined stop loss to manage losses and a take profit level to secure profits. These levels should be determined based on technical analysis and risk-reward ratios.Trade Execution:✅Number of Trades per Week: Execute a maximum of 4 trades per week, maintaining discipline and avoiding overtrading.Timing: Consider the most favorable times for trading LINK/USDT, taking into account market volatility and liquidity.Review and Adapt:✅Periodic Review: Regularly assess the performance of your trades and the effectiveness of your strategy. Identify patterns or issues and adapt your plan accordingly.✅Continuous Learning: Stay updated on market trends, news, and developments in the cryptocurrency space. Adjust your strategy based on new information and market conditions.Record Keeping:✅Trade Journal: Maintain a detailed trade journal recording each trade's entry and exit points, reasoning behind the trade, and the outcome. This journal will help you analyze your performance and make informed decisions.Psychological Discipline:✅Emotional Control: Stick to the trading plan and avoid emotional decision-making. Emotional discipline is crucial for long-term success in trading.Remember, the key to success in trading lies in consistency, discipline, and continuous improvement. Adjustments to the plan may be necessary based on changing market conditions or personal experience.$BNB $BTC $XRP #Write2Earn #WLD #PIXEL #TrendingTopic
And that's just the beginning. Achieving success in crypto demands more.
With secret tools I'm sharing it's a breeze - explore 👇🧵
⇒/1
In this thread, you'll find absolutely all crypto tools you need to make x100 to your portfolio.
Looking at the cover, you'll understand that today we'll explore a total of 40 different useful services.
For your convenience, I've divided them into 10 separate categories.
⇒/2
INVESTMENT TOOLS
Services that help you conduct a more thorough analysis of tokens before adding them to your portfolio and secure your investments from questionable projects.
⇒/3
@crunchbase
Search and analyze investments of large funds or private investors.
Large capital almost always equals smart money.
You can't analyze a project better than 100 fund analysts.
⇒/4
@CryptoRank_io
Another service for token and investment analytics.
I use it for almost every thread.
Among the most interesting features is the selection of co-investors for individual funds.
⇒/5
@CryptoFeesInfo
One of the services that helps you identify hype networks.
The service shows how much fees each network has paid for transactions.
The growth of such activity equals high liquidity.
⇒/6
@coingecko
BEST ECOSYSTEM FILTERS
Investing in ecosystems is currently a comfortable diversification of funds.
CoinGecko has perfectly implemented this.
For example, here you can find out that the Market Cap of Discord bots is $200 billion!
⇒/7
TRADING
The second point in our thread is about how to improve your trading, simplify, or secure yourself during trading.
After all, it's still the most popular method of investing in WEB3.
⇒/8
@dexscreener
The best and one of the most popular services for trading tokens.
It mostly covers low-cap projects/shitcoins – tokens you won't find on a regular centralized exchange.
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Bitcoin ETF approval is basically done....SEC is trying to line everyone up for Jan 11th launch - @EricBalchunas Bloomberg's Senior ETF analyst
Satoshi Nakamoto is the pseudonym of the person or group of people who developed the Bitcoin cryptocurrency protocol.
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