Cryptonics

How to become a successful part time or full time day trader?
Let's answer this question clearly and precisely, well, follow steps below.
1. Build capital other than Trading
Accumulate and save funds from jobs that are not related to trading.
2. Reverse Engineer
Don't start live trading using KOLs thought, alet and signals, like the crowd does.Instead, begin paper trading of high liquid assets such as top 10 coins by market capThis lncludes on chart, bar replay modes Next, Do this atleast 30 days on each modes.Backrest and determine your win % and Risk Reward ratio Jounaling and improve.
3. Education and Research:
Here the following foundational Books so, you should read thoughouly.
Trading in the zone pdf by Mark DouglassTrading for living by Elder Alexander Fibonacci application and strategies for traders by Robert FischerNew trader 101 by steve and Holly Burns
3. Master one strategy @ a time.
Focus on one strategy most recent from Reverse Engineer backtesing, Education and Research filtration.Focus on 3 to 5 coins and study their price action and their predictabilities.Select coins with high liquid and volume transactionRisk management and reduction.
4. Use Crypto Tools
Sentiment indicators, e.g. Fear and Greed index On chain analytics, e.g. glassnodeDerivative data, e.g coinglass Market scanners, such as CMC, coingheko AI Price prediction
Charting tools and Indicators I use:
Fib xtension and retracements Rectangle and trendline, Elliott wave theory Volume, RSI, EMA, Session time
5. Consistency:
Always improvement, Kaizen strategy Solid Risk Reward ratio and win rateWeekly, monthly, yearly +PnLAlways contain Risk let the TP RUN, and ride it until it is not your friend.
6. Scaling you Capital
Follow your trading plan, I.e PATIENCE Don't close profit, TP too Early I.e FEAR Risk 1-2% of your capital per trade Stop overtrading, 3-7 trades/ day is enough Determine size,SL, TP, Entry point before entering the market Cut loss before you wreacked, I.e liquidated Know your Average Risk factor and win rate per dayConsistent accounting scaling and prevention must be proactive measure.Once TP hits >=2x Risk, reduce position 50% and let the remain TP RUN...Once price close above/below swing high or low move SL TO BREAKEVEN.
WHAT DO YOU THINK 🤔 ABOUT TRADING...?
LET ME KNOW YOUR VALUEABL SUGGESTIONS.
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$MMT cashes ~90% from its ATH
MARKET CRASH: happens with one or all following key drivers.
1. HUMAN EMOTION:
FOMOGREEDIMPATIENCE LOSE AVERSION
2. ECONOMIC SHIFT:
SECTOR DOMINANCE TRADE WARRECESSION REGULATION AND SECURITY
3. INSTITUTIONAL BEHAVIOR
WHALE ACTIVITIES, >= 1000 BTCETF NET FLOW INVESTOR SENTIMENT INSTITUTIONAL ADOPTION FOR HIGHLIQUID ASSET, such as $BTC ,$ETH
#BinanceHODLerMMT
#BinanceHODLerSAPIEN