If you want to go from being a "fish" to being a shark, apply these points, but with a cool mind!
Many people enter thinking that the market "has" to go up because they bought. The market is going to do whatever it wants.
This is a business. If the price drops and takes you out of your stop, you leave and that's it. Don't "fall in love" with a coin; coins don't care about you.
If you enter a trade without knowing where you are going to exit (both in profit and loss), you are already done. You are gambling, not trading.
Before hitting the buy button, write: "I enter at X, I exit at Y, and if it hits Z, I accept my loss and walk away". If you don't have that, you might as well go play the lottery on the corner.
Also, drop the addiction to the 1-minute "Timeframe"; what are you doing watching 1-minute candles, buddy? That's for going crazy. You're there sweating cold over a 0.5% movement; wait for the cycle to do its thing.
Look at 4-hour or daily charts. You eliminate the mental noise and see the complete system. Patience pays more than speed.
Manage risk (Don't be "All-in")
Those who put all their capital into a single play looking to become millionaires overnight are the ones who end up borrowing the fastest. I laugh when I see those "traders" losing their life savings in a pump-and-dump. $BULLA
I know you are tired of hearing this, but never risk more than 1% or 2% of your account per trade. That way, if you make a mistake (which will happen), you still have gas for the next round.
There is nothing sadder than seeing someone with a 50% gain who doesn't sell waiting for 1000%, and then sees how the market reverses and ends up at zero.
The key is partial takes. Secure the bread on the table. When you already have your profit in hand, the excitement disappears because you've already won.
"Fear and greed are the best friends of those who lose other people's money. If you learn to see the numbers for what they are, simple tools, you will stop suffering."
$ROBO #squarecommunity #FOMOalert