Don’t open too many positions at once because trading is not just open a position and forget it instead trading is manage your position after opening. Because situations change every second so managing a trade is a main thing
Have you started trading crypto after quitting your Job? And now seeing your future in crypto trading?
Well I don’t want to discourage you because YES in crypto you can make more than your job but the hard truth is you can lose back everything in no time and even can lose all your funds in crypto.
So take crypto trading as part time and only trade with the money you’re willing to lose and never gets excited seeing people making hudge profits because they will never show you their losses and you know it why
When stock pumps BTC doesn’t care much but when stock dumps, BTC even dumps harder. If you’re trading crypto then deal with it carefully because its all manipulated market build to take your hard earned money
Now there is no doubt left that BTC will go below $70K in the next few days but that doesn’t mean we open shorts because it might be early as market makers are still looking to liquidate shorts sitting between $82K-$85K
People always ask me that why do I always ask if you was able to avoid losses today instead of asking how much profits have you made today?
Well its as simple that in this market capital is very important and as long as you can save your capital there will always be better set ups but only you can take full advantage of them if you have not losed most of your capital in useless set ups and forced trades
Be careful with trading crypto today because we’re expecting extreme volatility in the market and market maker will do their best to liquidate both longs and shorts until there is no positive news related to US-Iran war after both sides have rejected the peace deal
Don’t listen others while making decisions about your own money. Do what you think is right because the worst thing will be you’ll lose but you’ll learn and learning is the greatest thing in this market
If the market is pumping and you have missed the entry then don’t try to buy the pump instead be patient because market will always pull back after each and every pump
Same goes for those who wants to sell don’t sell when the dump has already happened $BTC