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3rdeyeofcrypto

@motec

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#CryptoTradingGuide I have shared two posts regarding a crypto trading guide. You should definitely read them and drop your views. I’ve spent hours writing them. Likes and shares are appreciated. Thanks 🙏

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#CryptoTradingGuide 2/2 Next, we talk about money and risk management. Learning about money and risk management is very important. What happens if you put all your money into one trade and that trade goes against you? You lose everything, and you're out of money. One can be right more than 50% of the time, but betting on your luck is like gambling away your money. If you're out of money, you can't recover your losses. As losses are part of trading, always invest what you can afford to lose. Don't put everything on the table. If you're investing wisely, it would be easy for you to control your greed. Another important thing is checking the market greed index. When I was learning trading, it was back in summer, and I remember there was a lot of fear, and two out of three people were saying BTC was going to zero. I was scared. During that time, I learned that when everyone is in fear, you should be greedy, and after two months, BTC did 2x. Checking small things matters a lot if you're trading in a lower time frame. Lastly, if we talk about trading strategy, I always say don't over-leverage and over-risk your trades. I encourage people to buy on the spot because in crypto, 80-90% loss is normal. You might have experienced it as well in the last 2-3 months. A few things you should keep in mind are: don't over-trade, always set a stop loss, if you're having a bad day, just close your system as the market gives you opportunities every day. Don't FOMO, always buy when there is fear in the market.

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#CryptoTradingGuide 1/2 If you're new to trading or just started and maybe feeling lost after losses, you should definitely read this. This might help you. Don't forget to drop your views and like and share this post! There are a few factors involved when you trade. We will talk about them one by one, and you should keep them in mind if you're a trader. First of all, there are different types of traders: swing traders, day traders, and those who trade on higher time frames, or long-term investors. First of all, if you're a trader of any type, you should have your own rules and stick to them. Discipline and patience are among the most important aspects of trading. If you lack them, you will end up in loss even if your plan is working out properly, as psychology plays an important role in trading. Journaling yourself during trading is considered good, as analyzing yourself before analyzing the chart is always beneficial. If the charts are wrong, we check where it went wrong, but what happens if you're wrong and you don't correct yourself? The next important thing a trader should keep in mind is the risk-reward ratio. It means how much money you are risking for what reward. This is the first thing I do after planning a trade. If you're following us, you should have seen us talking about the risk-reward ratio, as you should know your risk limits. If you don't plan the risk-reward ratio, you should definitely consider doing it, as it plays an important role in money and risk management.

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Reason why I’m not longing alts 👇🏻 It shows people are converting their usdt into btc Overall its good for market !

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Should I post $BTC scalping ideas in 5m tf .?

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