Just because you Trade less

doesn't mean you earn less

If you only take High Quality A+ setups, you can trade with bigger sizes with a high win rate✅

Less = More in Trading 🧠

$BTC

#Binanceturns6

I am always skeptical of training and educational materials that promise a quick and easy result for traders.

Facing the reality of trading, is extremely tiring and demanding work and, indeed, can be unpleasant and often emotionally wrenching.

The fact is, when people truly stare down reality, they prepare themselves to act in ways that allow them to endure and survive extraordinary hardship.

For trading not to be unpleasant and emotional wrenching for you.

You need to need to be able do 3 most important things

1. Accept reality that trading is not a get-rich-quick scheme

2. Have a deep belief that life is meaningful if you don’t have high expectations.

3. You should work on your ability to improvise.

If you can do this, you will start getting result and you find pleasure doing it.

$BTC

Updated Analysis!!!

#BTC there hasn’t been a real movements in the market only few coins been pumping and dumping, My view on #BTC I will like to see how price will react at the resistance level: 29379.5, because on 1H there is a ascending flag pattern forming near the said resistance so we might see a push am down from there but only with confirmations. No confirmation No entry, finger crossed.

$BTC

#MKR still bullish on the weekly and monthly TF but I would like to see how price is going to react at price area: 1157.4 , I will look for confirmations either to go short or long at that area, if not then I will wait for price to clear the liquidity at price 1252.6 before looking to short

$BTC

If you've been following my posts for the last 6 days

I hope you have learnt a few stuffs.

Why not follow me #ThesnipEntryGuy for more technical analysis and educative topics

$BTC

#BTC yesterday daily candlestick closes below price: 29468.8 and it actually confirm that sellers are in control, Expecting price to start falling from the resistance level: 29468.8 though high impact news can actually invalidate it but let's see how it goes. Finger crossed.

$BTC

#BTC yesterday daily candlestick closes below price : 29468.8 and it actually confirm that sellers are in control, Expecting price to start falling from the resistance level: 29468.8 though high impact news can actually invalidate it but let’s see how it goes. Finger crossed.

$BTC

Why you should focus on good trading, not your P&L

Traders who are consistently profitable have studied the fundamentals of trading and have learned how to make well-thought-out and intelligent trades.
  
Their focus is on the rationale for their actions rather than on making money.

Amateurs, on the other hand, are focused on making money every single day.

That kind of thinking can be their worst enemy.

I am not consciously trying to make money as a trader.

My focus is on doing the right thing.

I am looking for excellent risk/reward opportunities, and then I trade them.

Being good at trading is the result of mastering the skills of trading and recognizing the fundamentals of a good trade.

Money is just the by-product of executing fundamentally solid trades.

Follow and connect with #TheSnipEntryGuy#

$BTC

#ETH is going down. I am looking for price to break the ascending trend line and daily candlestick close below it then bears will take over completely and push the price down to fill the 4H TF imbalance and probably make it to demand zone @ 1713.57. Finger crossed

$ETH

#BTC has broken the consolidation to the downside which indicate bears are in control,

If the daily candlestick closes below #29468.8 then there will be dump for the rest of the week.

if the market dump then the price is going to #26367.8 because there is an imbalance on 4H TF to be filled. Finger crossed.

Follow and engage #TheSnipEntryGuyfor more educational contents.

$BTC

#XRP

Looking for break of price area :0.7115 then look to long with confirmations, #No confirmation #No entry

$XRP

Clearly the exam is not the problem for the students.

It is the fear of others knowing the result and the implication this has for them. If we knew nobody thought badly of us then we would have little fear.

Trading can be good and fun if you have a belief that it is just a trading and the outcome doesn’t really matter.

This doesn’t mean that you won’t try but it means that you have perspective.

However, if you have a belief that you have to win because it reflects on your worth as a person then the trading will become intense and probably unpleasant.

What you hold as a belief will definitely affect the way in which you handle outcomes or respond to them, whatever they are.

It is better to have realistic expectations or in some cases hold no expectations at all.

Never tie your worth to your trading outcome.
$BTC

How to avoid FOMO (Fear of Missing Out)in your trading

Whenever you catch yourself thinking about your current P&L during a trade.

How much you or others have been making or losing in your trading, you need to pause.

You just need to ask yourself one simple question before entering any trade: What is my risk to reward in this trade?

If you cannot identify a good risk to reward, then it is a fear of missing out trade, and you should not take it.

If you cannot determine a stop loss or profit target, then it is a trade based on FOMO, and you should not take it.

If you do not break your risk management rules, FOMO will never be a problem for you

There are many trading opportunities every day, so it is okay if you miss one.

$BTC

TRADING ISN’T GAMBLING!!!

Trading isn’t gambling.

Unlike tossing a coin, when we enter a trade we have a degree of control over the odds by picking good trade setups that are statistically proven to have a positive outcome over the long run.

We can stack those odds in our favour. We can also limit our losses and run our profits to come out ahead.

But that doesn’t mean we don’t get hit with this common error of judgement.

After suffering a run of losing trades, it’s very easy to think, The next trade must be better. I can’t keep losing forever

But why can’t you?

The market isn’t going to reward you for your previous string of losses.

It doesn’t know about those losses. You might have a memory, but the market doesn’t.

Each and every trade performs on its own merit.

$BTC

Chasing trades is silly.

The only difference between revenge trading and chasing trades it the motivation and emotion behind it.

Revenge trading is often based out of fear, whilst chasing trades can be motivated out of greed.

Either way you end up ignoring a set system with parameters (that’s YOUR system) in order to take trades.

Convincing yourself there’s a trade setup is just plain gambling. If your entry criteria is not met, don’t trade.

If you’re chasing a trade because you WANT to trade you might as well go down to the casino and play the slots, because there’s no difference.

Remember, your goal is to trade well, not to trade often.

$BTC

How to make trading easy for yourself

Stick to your plan.

the only thing you can control is:
- Risk
- Entry
- Exit

What you can't control:
- The outcome of a trade
- Price movement
- Other participants

Keep it simple and focus on what you can control.
$BNB $BTC

Do you know why you will continue to lose money in trading?

There is no “Holy Trading Grail”.

You will lose money. And you’ll continue to lose money for as long as you trade.

You just need to make sure that the money you make far outweighs the money you lose.

Drawdowns are inevitable and losing money is inevitable.

The only thing you can do about it is limit your risk thereby making sure you lose less.

So whether you lose or not isn’t important (Because you WILL).

What’s important is how much you lose and how consistently you lose it.

So if you hear those traders that gloat about how they never lose, let them.

I guarantee you they won’t be around for very long.

$BTC

FOMO kills 99% of traders.

- If you can't follow your rules, just wait.
- If you can't find good setups, just wait.
- If you can't execute your system, just wait.

1000 opportunities every day, but you just need 1-2.

Become a sniper, not a machine gunner 🙌🏻

$BTC

#BTC is looking at 26k soon, I think the daily imbalance needs to be filled, Let’s how
It will play out

📚 Trading Tip 📚

The pursuit of profits and prestige can hinder your trading performance, if that's all you concentrate on.

Winners separate emotions from these outcomes.

Be present in the process and not lost with the rewards.