ملف M-Luqman الشخصي

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HOW WE BECOME A PROFITABLE TRADERS ? 🔑7 AND SIMPLE PRINCIPALS Trading is 90% mindset + risk management, 10% strategy. Most people run behind the strategy and blow up the account. #1. Save capital first, profit later Rule #1: Don't lose money. Take only 0.5%-2% risk on every trade. That is, if there is an account of 1 lakh, then a maximum loss of 2000 on one trade. This will not end the account even after losing 50 trades. No trade without putting a stop lass. Stop las = seat belt. #2. a market, master a set-up Don't jump on BTC, TRX, Gold, Forex all.Love only TRX or BTC futures for the first 6 months.And only 1-2 setups: such as a "long on support" or "breakout trade" Jack of all trades = Master of none. #3. Find Edge and Do Backtest "Edge" = a pattern that gives a profit of 55+ times if repeated 100 times. Example: "If the TRX bounces off the 30-day MA + increases in volume, then there is a 70% chance it will go up by 2% in the next 4h" Check this setup for the last 200 times on TradingView. Only invest rail money if it is profitable. #4. Keep a journal - this is the most important Write each trade: Why did you enter, how were the emotions, where was the stop, what was the result. Review after month. You will find that 80% of losses are being caused by only 2 mistakes: not stopping, and revenge trading. #5. Control Psychology 3 Killer Emotions: Greed, Fear, Hope. Greed: Target does not book profits Fear: Remove the stop las bar Hope: Holding a trade stuck in the loss by saying it will come back Solution: Close the chart after placing a trade. Stop or target will be hit, do not tease in the middle. #6. Put a minimum of 1:2 for Risk to Reward If the stop loss is 2% away, then the target should be 4%. Thus 40% of trades will remain in overall profit even if they win. 4 out of 10 wins, 6 losses: 4x4% = +16%, 6x2% = -12%, Net +4% #7. Understand the difference between capitalism vs trading Trading = job, have to give time daily.95% people lose money in the first year.if can't do full time then its better to hold BTC/ETH by doing DCA.

HOW WE BECOME A PROFITABLE TRADERS ?

🔑7 AND SIMPLE PRINCIPALS

Trading is 90% mindset + risk management, 10% strategy. Most people run behind the strategy and blow up the account.

#1. Save capital first, profit later Rule #1: Don't lose money. Take only 0.5%-2% risk on every trade. That is, if there is an account of 1 lakh, then a maximum loss of 2000 on one trade. This will not end the account even after losing 50 trades.

No trade without putting a stop lass. Stop las = seat belt.

#2. a market, master a set-up Don't jump on BTC, TRX, Gold, Forex all.Love only TRX or BTC futures for the first 6 months.And only 1-2 setups: such as a "long on support" or "breakout trade"

Jack of all trades = Master of none.

#3. Find Edge and Do Backtest "Edge" = a pattern that gives a profit of 55+ times if repeated 100 times. Example: "If the TRX bounces off the 30-day MA + increases in volume, then there is a 70% chance it will go up by 2% in the next 4h"

Check this setup for the last 200 times on TradingView. Only invest rail money if it is profitable.

#4. Keep a journal - this is the most important Write each trade: Why did you enter, how were the emotions, where was the stop, what was the result. Review after month. You will find that 80% of losses are being caused by only 2 mistakes: not stopping, and revenge trading.

#5. Control Psychology 3 Killer Emotions: Greed, Fear, Hope.

Greed: Target does not book profits
Fear: Remove the stop las bar
Hope: Holding a trade stuck in the loss by saying it will come back

Solution: Close the chart after placing a trade. Stop or target will be hit, do not tease in the middle.

#6. Put a minimum of 1:2 for Risk to Reward If the stop loss is 2% away, then the target should be 4%. Thus 40% of trades will remain in overall profit even if they win. 4 out of 10 wins, 6 losses: 4x4% = +16%, 6x2% = -12%, Net +4%

#7. Understand the difference between capitalism vs trading Trading = job, have to give time daily.95% people lose money in the first year.if can't do full time then its better to hold BTC/ETH by doing DCA.

M-Luqman

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