In my understanding, a gambler is a person who cannot restrain themselves from random trades. This is a trader who has undergone training (or self-taught), created their profitable trading system, but continues to deplete deposit after deposit because they cannot adhere to their own rules. For every good systematic trade made by such a person, there are several random trades that eat away all the profit from
It doesn’t matter if you are a scalper or an intraday trader, it is essential to understand one of the most important rules of successful trading: you can only make money on active coins that are of interest to the market. You can identify such a coin by 3 criteria: 1. Increased relative volume. The key word here is 'relative'. This means that the daily volume should increase 3 times or more compared to the volume at which the coin is usually traded. As a rule, an increase in volume is accompanied by a strong rise or fall in price. Such coins are easy to find in any screener or even on the exchange itself by sorting coins by growth and decline.
$ZEC I drew some decent long levels; if we smoothly approach them, it will be an excellent breakout setup.
The coin is currently trading with high volumes, plus there is a good history of breakouts yesterday and today. Therefore, I expect a good performance if we approach the highs correctly.
$RAVE Coin, as if it is already ready to make the final long stick to take out the shorts, and go for a pump. In the context of today's market, this seems to be the most anticipated scenario.
If it gives a point to break through levels, that would be great. If not, I will try to "catch the knife" and attempt to pull out a large short movement.
$DASH The coin is trending upwards, volumes and postcards are increasing.
I entered halfway into the working volume on a rebound from the trend, if we continue to rise, I will add along the way, pulling the stop behind the previous low.
$MAGMA The coin is consolidating under a good long level. Volumes and open interest are rising. Therefore, I expect a range-bound trading with a squeeze towards the highs and I will break through. Approximately at 0.154 I plan to close part of it on the impulse, and I will try to stretch part of it to the historical high, which is at 0.2
$TAO The coin has been trading at increased volumes for a long time, always looking stronger than the market, especially during the drop of #BTC. Therefore, I will start accumulating a position from the current levels to the support levels around 330. Stop at 329.
After the breakout, an increase may begin, as is often the case in such formations, so I will take profits on the long acceleration after breaking 374.
$LIGHT Today in the market, I found two decent situations for entering long positions. In both cases, there is an increase in open interest and a rise in traded volumes, and graphically, there is a clear trend line from which buyers are reacting.
The stop, accordingly, is set behind the trend line, and the take profits can only be indicated mathematically, based on a risk/reward ratio of 1:4(5). $ANKR
$UAI Good powerful trading under highs, can provide an excellent long position after a breakout.
The problem with this moment is that long activity is activated by an algorithm - so it's not worth waiting for a classic approach to levels with a clear entry point for a breakout here.
$KAVA In the coin, volumes have come in, and a relatively clear trend line has appeared on the chart, from which the activation of purchases is visible.
I plan to build a position when approaching the trend line with a clear stop behind the previous low. If we do not return to it, I will look for an entry point directly in the breakout of levels. If there are grounds.
$FORM If they continue to pump the coin with volumes and hold it in the current consolidation at the highs for some time, one can expect a good long exit.
The main entry point is the breakout of the round 0.3 (if there are reasons upon approach). I will try to accumulate in this trading range from its lower boundary with a small volume.
$MYX The volumes and open interest begin to grow on the coin. Also, a formation resembling a break of the short trend is drawn on the chart. In this setup, there is no clear stop, plus - it can turn out to be quite large. But the risk/reward ratio in this trade turns out to be sky-high, so with a small volume considering my risk management, I will try to work it out.
$STABLE The coin is currently graphically in a zone from which it very often starts to accelerate. Therefore, I am observing and waiting for an entry point.
This should either be a correction back to the trend area around 0.03. Or the formation of a local consolidation with clear upper boundaries, from which a long exit can be made to enter.