heyyy guyzz,
hope u are doing well
As we know bitcoin is bearish right now and is under major correction along with lot of FUD going around
So in this situation we almost do losses because we dont follow Rules And do opposite
i am going to share with u guys some of important steps which u should not only read and forget but u have to be ready for
implementation also and i know its hard due to emotions but trust me there is no option
Risk management: risk management plays a vital role in traders life but many of them fails to do so lets try to follow below mentioned seriously
A trader needs to understand how to manage his risk, size his positions,
2)Always compare winrate and reward:risk together
3)Don’t use daily performance targets
cut your losses ( its the hardest thing when it comes to practically)
use stop loss ..u can stay in game for longer
DIVERSIFICATION OF PORTFOLIO
there is an old saying Don't put your all eggs in one basket"
1)Spread your capital (do trades in more the one coin , don't put all in one )
2)Never Be Bag holders (timing is everything in crypto mind it )
3)Keep an eye on market dont day dream or fell in trap of whales
PATIENCE
Along with above factors patience also plays a important role
but without following Above mentioned rules your patience will wash ur dreams along with your account
Do’s
- Waiting for “A” quality setups only
2)Looking for opportunities coming to you rather than the opposite
Respecting the original plan once you’re in a trade
Don’ts
1 Waiting to stop out a losing trade:
2)Hesitating to jump in when a great setup stands out
3)Rushing to take profit when a trade goes as for the plan
I hope we together will follow these rules
Thanks guyzz stay safe
need your support and love
Lets grow together
See u in next post tc