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It& #39;s the $crypto bull market.
I& #39;m tired of my followers losing money.
About to try fit my bull market of trading experience into a tweet storm.
These are 10 deadly sins I avoid so I can keep making money in this market.
Share and enjoy.
It& #39;s the $crypto bull market.
I& #39;m tired of my followers losing money.
About to try fit my bull market of trading experience into a tweet storm.
These are 10 deadly sins I avoid so I can keep making money in this market.
Share and enjoy.
1/
Fighting the Trend/Shorting.
Favor longs over shorts. Many have gone broke by trying to short the pullbacks when they should& #39;ve been looking for new entries.
Fighting the Trend/Shorting.
Favor longs over shorts. Many have gone broke by trying to short the pullbacks when they should& #39;ve been looking for new entries.
2.
Overtrading
Don& #39;t chase every pump. Focus on a select few assets and trade them better than 99% of the market.
Overtrading
Don& #39;t chase every pump. Focus on a select few assets and trade them better than 99% of the market.
3.
Selling Early
Learn to let your winners run. Use tools like trailing stop losses on http://phemex.vip"> http://phemex.vip and Fibonacci extensions and go for ambitious targets.
Selling Early
Learn to let your winners run. Use tools like trailing stop losses on http://phemex.vip"> http://phemex.vip and Fibonacci extensions and go for ambitious targets.
4.
Trying To Guess The Top
You probably won& #39;t succeed and you& #39;ll lose a ton of money trying too.
Trying To Guess The Top
You probably won& #39;t succeed and you& #39;ll lose a ton of money trying too.
5.
BTFD
In a bear market, bounces are for selling. In a bull market, pullbacks are for buying.
BTFD
In a bear market, bounces are for selling. In a bull market, pullbacks are for buying.
6.
Not Using a Stop-Loss.
Nothing is certain. This could end tomorrow, in a week or in 10 years. Always use a stop loss to limit your downside.
Not Using a Stop-Loss.
Nothing is certain. This could end tomorrow, in a week or in 10 years. Always use a stop loss to limit your downside.
7.
Don& #39;t All In On Any One Asset.
If you want to gamble go to a casino. Spread your bets, the goal is to keep making money for decades.
Don& #39;t All In On Any One Asset.
If you want to gamble go to a casino. Spread your bets, the goal is to keep making money for decades.
8.
Ignoring Physical and Mental Health
There will always be another trade. So never neglect your health.
These are my 4 top priorities.
-Sleep
-Diet
-Exercise
-Meditation
Ignoring Physical and Mental Health
There will always be another trade. So never neglect your health.
These are my 4 top priorities.
-Sleep
-Diet
-Exercise
-Meditation
10.
Not Staying Up to Date with World Events
-Keep on top of market sentiment and global events.
-Follow multiple news channel
-Keep calendars for key events.
I know this would takes hours every day.
So allow me to do it for you. https://koroushak.substack.com/subscribe ">https://koroushak.substack.com/subscribe...
Not Staying Up to Date with World Events
-Keep on top of market sentiment and global events.
-Follow multiple news channel
-Keep calendars for key events.
I know this would takes hours every day.
So allow me to do it for you. https://koroushak.substack.com/subscribe ">https://koroushak.substack.com/subscribe...