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CRYPTO MECHANIC
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Gm 🫡 Say it back
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What percentage of your portfolio is in Altcoins ?
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Things you need to be a profitable trader. 1- Right time to trade 2- Risk Management 3- Psychology 4- Technical Analysis 90% of the traders only pay attention to learning technical analysis.
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It's about to go up I'm going Long It's about to go down I'm going short. It's about to go up I'm going Long It's about to go down I'm going short. The kind of market we are in right now 😂😂
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Here are some important points that you can consider while trading with leverage / on futures 1- Your trade should not be without a stoploss or an invalidation. 2- You must have a proper risk and reward plan. Make sure your reward is double than the amount you're risking. For example if you're risking $10 your profit should be at least $20. 3- Never ever let your position liquidate. If your stoploss is your liquidation . There's a 99% of the chances that you do not have any plan, you're just gambling with high leverage . 4- Never use leverage more than 3x or 5x max. Crypto is a volatile market and it moves really fast. Unexpected moves can easily liquidate you in just 1 candle. 5- Make sure you're not trading against the trend. 6- Trading on futures requires discipline and proper execution . Do not open any trade without a trade confirmation. 7- Do not DCA on a losing trade just because you want to exit your trade if it bounce. Do it when you're sure what you're doing not when you want to cover from your loss. Good luck and keep learning .
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