Read on Twitter
Important Thread
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht">
There r unlimited opportunities to make a fortune in this market
Also there r hundreds of ways 2 get rekt/broke
U Must SURVIVE the bad days in order 2 maintain ur presence in the good days
Here r key lessons I& #39;ve learned in my #Crypto Trading Career
$Btc
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
There r unlimited opportunities to make a fortune in this market
Also there r hundreds of ways 2 get rekt/broke
U Must SURVIVE the bad days in order 2 maintain ur presence in the good days
Here r key lessons I& #39;ve learned in my #Crypto Trading Career
$Btc
-U can& #39;t get rich fast, unless u were gambling
- ur capital is ur business, PRPTECT IT
- Make sure u Never go broke in a single position
- Risk management is NOT old style BS, it& #39;s the key 2 maintain ur ability 2 catch the good trades before running out of ammo during bad days
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
- ur capital is ur business, PRPTECT IT
- Make sure u Never go broke in a single position
- Risk management is NOT old style BS, it& #39;s the key 2 maintain ur ability 2 catch the good trades before running out of ammo during bad days
You need to learn how to beat the market, u can only do this by:
-booking profits, small or big, Profit is Profit
- Cut the losses small, stick to plan and never give up saying ok let me hold it, it will go up eventually
- Avoid Leverage unless u know very well what u r doing
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
-booking profits, small or big, Profit is Profit
- Cut the losses small, stick to plan and never give up saying ok let me hold it, it will go up eventually
- Avoid Leverage unless u know very well what u r doing
-Use leverage ONLY because you don& #39;t want to put big $$ in a single trade, Leverage is to decrease your exposure, not to increase it
-Profit is not Profit unless it was withdrawn out of the exchange into your Bank account
-when things goes bad (series of failures) Go Smaller
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
-Profit is not Profit unless it was withdrawn out of the exchange into your Bank account
-when things goes bad (series of failures) Go Smaller
Going smaller when setups are keep failing protects u, instead of trying to go big in the bad days while u think u gonna make losses back and where usually u end up losing even more
When things are going well, go bigger gradually
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
When things are going well, go bigger gradually
You can NEVER time the market, especially with #Bitcoin https://abs.twimg.com/hashflags... draggable="false" alt="">
Holding spot is NEVER a bad idea
If u kept going in-out, I can guarantee you that you will miss out the best days in the market
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
Holding spot is NEVER a bad idea
If u kept going in-out, I can guarantee you that you will miss out the best days in the market
Patience is always ur friend, but What is Patience and when u should be patient?
-Patience On winners, keep them going as long as they r NOT invalidated
-Patience 2 find the proper Setup that matches your criteria(s)
-Patience 2wait the next trade in case u missed out
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
-Patience On winners, keep them going as long as they r NOT invalidated
-Patience 2 find the proper Setup that matches your criteria(s)
-Patience 2wait the next trade in case u missed out
Never be patient after invalidation, CUT the losing trade following the initial plan
Never be patient when your entry criteria is met, market won& #39;t wait for you, good trades usually moves fast
Never be patient when take profit conditions are met, TAKE YOUR PROFİTS
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
Never be patient when your entry criteria is met, market won& #39;t wait for you, good trades usually moves fast
Never be patient when take profit conditions are met, TAKE YOUR PROFİTS
You can afford 5-6 losing trades and make them all back in a single good trade if you were following the proper risk management measures
Never close a position if it& #39;s Not invalidated (it& #39;s ok to adjust the size based on overall market conditions)
Never close a position if it& #39;s Not invalidated (it& #39;s ok to adjust the size based on overall market conditions)
Please share this thread if you believe it& #39;s useful
#Bitcoinhttps://abs.twimg.com/hashflags... draggable="false" alt=""> #Crypto $Btc
#Bitcoin
