Публикуване
AO Trading Journal
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How to trade leverage in cryptocurrency.
!!!!⚠️READ THIS⚠️!!!!!! before taking trades from my journal
### Trading Rules
1. Focus on Percentage, Not Dollar Amount
- Risk and reward should be measured in percentages relative to your account size, not the dollar amount. This helps maintain consistent risk management.
2. Risk Management: 1-2% Per Trade
- Limit your risk to 1-2% of your total trading capital on any single trade. This protects you from large losses and helps ensure long-term sustainability.
3. Mental Health Comes First
- Stay mindful of your mental health. If you're feeling stressed or overwhelmed, take a break from trading. Emotional clarity is key to good decision-making.
4. Move Stop Loss to Break-Even (B.E.) After TP1
- Once price hits your first take profit (TP1), move your stop loss to break-even to protect yourself from any potential reversal.
5. Never Chase Trades
- Wait for your setup. If you miss an entry, let it go. Don't chase the market or force trades. Patience is essential.
6. Follow Your Strategy, No Deviations
- Stick to your strategy at all times. Trust the process, and avoid impulsive decisions based on emotions or outside opinions.
7. Always Have an Exit Plan
- Know your entry, exit, and stop loss points before entering any trade. A plan helps reduce emotional decision-making during the trade.
8. Take a Break If Consistency Is Challenging
- If you find yourself struggling to maintain consistency or becoming emotionally unstable, take a week off from trading. Reflection and rest are necessary for long-term success.
9. Long-Term Trader Mentality
- Be prepared for trades to take days to weeks. Patience and a long-term outlook are vital to your trading approach.
10. Take Profit Distribution:
- TP1: Close 50% of your position at the first target.
- TP2: Close 25% of your position at the second target.
- TP3: Close 15% of your position at the third target.
- Leave 10% of your position to run, aiming for larger gains if the market continues in your favor.
11. I Always Use a Stop Loss because my trades are long term Scalping is very different.....
- Your stop loss is there to protect you from major losses. Never trade without one.
12. Disclaimer
- These rules and methods work for me personally. Trading is a highly individual process—find your own goals and develop a strategy that suits you. If my strategy resonates with you, feel free to follow it, but always analyze the chart and assess the trade setup before executing.
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This structure helps you stay disciplined, protects your capital, and ensures a clear approach to your trading style. Adjustments can be made to suit your specific preferences, but these core principles will serve as a solid foundation.
#OneBigBeautifulBill #BTC #ETH #solana #Xrp🔥🔥
### Trading Rules
1. Focus on Percentage, Not Dollar Amount
- Risk and reward should be measured in percentages relative to your account size, not the dollar amount. This helps maintain consistent risk management.
2. Risk Management: 1-2% Per Trade
- Limit your risk to 1-2% of your total trading capital on any single trade. This protects you from large losses and helps ensure long-term sustainability.
3. Mental Health Comes First
- Stay mindful of your mental health. If you're feeling stressed or overwhelmed, take a break from trading. Emotional clarity is key to good decision-making.
4. Move Stop Loss to Break-Even (B.E.) After TP1
- Once price hits your first take profit (TP1), move your stop loss to break-even to protect yourself from any potential reversal.
5. Never Chase Trades
- Wait for your setup. If you miss an entry, let it go. Don't chase the market or force trades. Patience is essential.
6. Follow Your Strategy, No Deviations
- Stick to your strategy at all times. Trust the process, and avoid impulsive decisions based on emotions or outside opinions.
7. Always Have an Exit Plan
- Know your entry, exit, and stop loss points before entering any trade. A plan helps reduce emotional decision-making during the trade.
8. Take a Break If Consistency Is Challenging
- If you find yourself struggling to maintain consistency or becoming emotionally unstable, take a week off from trading. Reflection and rest are necessary for long-term success.
9. Long-Term Trader Mentality
- Be prepared for trades to take days to weeks. Patience and a long-term outlook are vital to your trading approach.
10. Take Profit Distribution:
- TP1: Close 50% of your position at the first target.
- TP2: Close 25% of your position at the second target.
- TP3: Close 15% of your position at the third target.
- Leave 10% of your position to run, aiming for larger gains if the market continues in your favor.
11. I Always Use a Stop Loss because my trades are long term Scalping is very different.....
- Your stop loss is there to protect you from major losses. Never trade without one.
12. Disclaimer
- These rules and methods work for me personally. Trading is a highly individual process—find your own goals and develop a strategy that suits you. If my strategy resonates with you, feel free to follow it, but always analyze the chart and assess the trade setup before executing.
---
This structure helps you stay disciplined, protects your capital, and ensures a clear approach to your trading style. Adjustments can be made to suit your specific preferences, but these core principles will serve as a solid foundation.
#OneBigBeautifulBill #BTC #ETH #solana #Xrp🔥🔥
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