1. Too high Position Size.
2. No Exit Plan.
3. Almost no Entry strategy.
We will learn about them below and try to find a solution.
How to Trade without Fear, Stress or Anxiety. ЁЯТп
Trading should bring wealth, happiness and peace.
Not stress and sleepless nights.
Here is how to trade without dying faster.
Please share to de-stress the world.
A Thread.
1. Too high Position Size.
2. No Exit Plan.
3. Almost no Entry strategy.
We will learn about them below and try to find a solution.
Position size should be equal to what you're willing to lose and not cry over.
Eg. If your position size is 10K, you should be able to lose 10K without it making you depressed.
It doesn't mean you throw away 10K as a random experiment.
But If I trade with such a small position size, it won't be much Profitable?
-Profits and wealth are built slowly, trade with small amounts, built your system, profits will accumulate.
Remember, you don't need a lot to become big.
1% gain per day compounds to 3700% Return per year.
- If Stressed or anxious, reduce your position size.
Switch to smaller position which doesn't make you feel sleepless.
You must have 2 Exits completely Planned.
A. Profit Taking.
B. Invalidation Level (Stop Loss)
Profit Taking.
- This is the place where you take profit. This is your target. Everyone had a different method to define Targets. I take Profits manually.
When do I take Profits?
On signs of Reversal.
Eg.
-RSI losing momentum
-OBV Divergence
-Candles indicating opposite momentum
-Opposite Volume.
You can know more about Reversal.
Go to My Telegram https://t.co/r159ZH3mgj and Search for 'Reversal'
Invalidation Level .
This is the level when you exit the trade, at a loss.
This is the point at which your reason for Entry becomes invalidated and the trend Changes.
You MUST exit at this level.
Don't Pray, Hope, or try looking for your favorite Crypto influencer to tweet on your favour on a losing trade.
Trend reverses, exit. Period. Take the loss and move on.
I place it a little below the invalidatin level, depending on the volatility.
Go to my telegram and Search' Stop Loss' to learn how to place stop loss.
If you're Entering without a DEFINED strategy.
Without waiting for the price to get to your entry.
Without thinking the entry for a long time.
Only because someone on twitter entered it.
You're doing it wrong. You will get rekt. No questions asked.
More from EmperorЁЯСС
ЁЯЪиAltcoin Trading IndicatorЁЯЪи
How to use it. A THREAD.
Please Share.
To use it to buy Altcoins and make a high probability entry, the following conditions needs to be fulfilled.
For a long.
1. A green candle Closes above the cross.
2. Heikin Ashi candle turns green.
3. Price should be above 0.236 Fib from the swing high.
How to add the Indicator.
1. Click on the link and Add it to favorites and apply.
https://t.co/Kn90qgDjMi
2. Or Search it in the tab and then apply it.
The indicator itself the most comprehensive Moving Average Indicator which provides 9 MAs and 13 Different times of MAs.
The base of the indicator was by @insiliconot.
To further enhance it, I have added a cross indicator on the cross which works the best historically on Alts.
Condition 1- The cross.
Entry is made when a Cross occurs on the EMA 13/21.
The indicator automatically indicators the Cross with P for a positive cross or N for a negative cross.
This is the first condition for an Entry.
How to use it. A THREAD.
Please Share.
To use it to buy Altcoins and make a high probability entry, the following conditions needs to be fulfilled.
For a long.
1. A green candle Closes above the cross.
2. Heikin Ashi candle turns green.
3. Price should be above 0.236 Fib from the swing high.
How to add the Indicator.
1. Click on the link and Add it to favorites and apply.
https://t.co/Kn90qgDjMi
2. Or Search it in the tab and then apply it.
The indicator itself the most comprehensive Moving Average Indicator which provides 9 MAs and 13 Different times of MAs.
The base of the indicator was by @insiliconot.
To further enhance it, I have added a cross indicator on the cross which works the best historically on Alts.
Condition 1- The cross.
Entry is made when a Cross occurs on the EMA 13/21.
The indicator automatically indicators the Cross with P for a positive cross or N for a negative cross.
This is the first condition for an Entry.
More from Crypto
1/ Bitcoin: a bold new world.
Satoshi published the white paper on 10/31/2008. Right at the moment of peak despair during the 2008 financial crisis. Trust had been lost in a world that ran on trust.
2/ But why October 31st? It certainly wasnтАЩt because Satoshi was a fan of halloween, it must have had a deeper meaning. With all of his actions, he demonstrated a careful precision.
He had been working on Bitcoin for at least a year and a half before publishing the white paper.
3/ тАЬI believe I've worked through all those little details over the last year and a half while coding it, and there were a lot of them. The functional details are not covered in the paper, but the sourcecode is coming soonтАЭ - Satoshi Nakamoto
4/ On August 18, 2008 Satoshi registers registers https://t.co/rMWwiEwtxT through https://t.co/Uj8lMr10kB.
Satoshi was ready and waiting to hit the send button throughout 2008. What was so special about October 31st?
5/ I believe that Satoshi published the Bitcoin white paper on 10/31 as a hat tip to the ancient Gaelic festival of тАЬSamhainтАЭ which was also the date in which Martin Luther nailed his 95 Theses to a church door. Both represent an end of the old and the beginning of the new.
Satoshi published the white paper on 10/31/2008. Right at the moment of peak despair during the 2008 financial crisis. Trust had been lost in a world that ran on trust.
2/ But why October 31st? It certainly wasnтАЩt because Satoshi was a fan of halloween, it must have had a deeper meaning. With all of his actions, he demonstrated a careful precision.
He had been working on Bitcoin for at least a year and a half before publishing the white paper.
3/ тАЬI believe I've worked through all those little details over the last year and a half while coding it, and there were a lot of them. The functional details are not covered in the paper, but the sourcecode is coming soonтАЭ - Satoshi Nakamoto
4/ On August 18, 2008 Satoshi registers registers https://t.co/rMWwiEwtxT through https://t.co/Uj8lMr10kB.
Satoshi was ready and waiting to hit the send button throughout 2008. What was so special about October 31st?
5/ I believe that Satoshi published the Bitcoin white paper on 10/31 as a hat tip to the ancient Gaelic festival of тАЬSamhainтАЭ which was also the date in which Martin Luther nailed his 95 Theses to a church door. Both represent an end of the old and the beginning of the new.
ЁЯЪиAltcoin Trading IndicatorЁЯЪи
How to use it. A THREAD.
Please Share.
To use it to buy Altcoins and make a high probability entry, the following conditions needs to be fulfilled.
For a long.
1. A green candle Closes above the cross.
2. Heikin Ashi candle turns green.
3. Price should be above 0.236 Fib from the swing high.
How to add the Indicator.
1. Click on the link and Add it to favorites and apply.
https://t.co/Kn90qgDjMi
2. Or Search it in the tab and then apply it.
The indicator itself the most comprehensive Moving Average Indicator which provides 9 MAs and 13 Different times of MAs.
The base of the indicator was by @insiliconot.
To further enhance it, I have added a cross indicator on the cross which works the best historically on Alts.
Condition 1- The cross.
Entry is made when a Cross occurs on the EMA 13/21.
The indicator automatically indicators the Cross with P for a positive cross or N for a negative cross.
This is the first condition for an Entry.
How to use it. A THREAD.
Please Share.
To use it to buy Altcoins and make a high probability entry, the following conditions needs to be fulfilled.
For a long.
1. A green candle Closes above the cross.
2. Heikin Ashi candle turns green.
3. Price should be above 0.236 Fib from the swing high.
How to add the Indicator.
1. Click on the link and Add it to favorites and apply.
https://t.co/Kn90qgDjMi
2. Or Search it in the tab and then apply it.
The indicator itself the most comprehensive Moving Average Indicator which provides 9 MAs and 13 Different times of MAs.
The base of the indicator was by @insiliconot.
To further enhance it, I have added a cross indicator on the cross which works the best historically on Alts.
Condition 1- The cross.
Entry is made when a Cross occurs on the EMA 13/21.
The indicator automatically indicators the Cross with P for a positive cross or N for a negative cross.
This is the first condition for an Entry.
