Today's best trading knowledge!!! What is the 3 5 7 rule in trading? give me special tip for sharing this knowledge
A risk management principle known as the “3-5-7” rule in trading advises diversifying one's financial holdings to reduce risk. The 3% rule states that you should never risk more than 3% of your whole trading capital on a single deal
$VELVET Trapping season is going on $BTC Usually, these traps occur near significant resistance levels on daily charts. In some cases, these traps occur near round numbers. It should be noted that any small candles above a significant resistance zone is not a good sign for bulls#Write2Earn
How to avoid Bull 🐂♉ trapping simple rules according to my research from the last 10 years in crypto market ! (please please like my post for posting more ) I had always struggled to carry my long trades even on clear upside trend days. This is due to the painful impact of past ‘bull traps’.$SYN But it is always better to know when these bull traps can occur. We can benefit more from these ‘bull traps.’ I am giving away significant clues to identifying these bull traps. Any active integrity trader can quickly identify these characteristics:$BNB Usually, these traps occur near significant resistance levels on daily charts. In some cases, these traps occur near round numbers. For example, Nifty at 9000 or 10000, etc. Open action look very bullish (like open-low or sudden surge etc.) The entire trading community will have a bullish view on that day. The price loses its heat or momentum when it reaches the major resistance levels or round numbers. In this process, it forms small candles. Please note any small candles above a significant resistance zone is not a good sign for bulls. I hope this explanation makes sense!
According to my experience! and it's reality based reporting,You don't make that much money if you are trading with limited capital. Most people think of traders are hyperwealthy, and there are some traders that make a ton of money. However, they make massive amounts of money because they are trading massive amounts of other people's money. If you trade with limited capital, you will find is extremely difficult to even break even, much less make a decent living.$LAB It's an extremely stressful job because you are constantly reminded of your own incompetence. You will mess up constantly even if you are good, and it's often not clear whether you are making a mistake or if you have bad luck.$BNB One other thing is that a lot of trading involves managing human psychology, and a lot if being a good trader involves understanding deeply how your own mind works. You have to go deep inside your soul, and look at yourself through the mirror of the market. Sometimes this involves confronting rather unpleasant truths about yourself. You have to deal with some very, very strong emotions. Trading is ultimately based on fear and greed, and you feel the neurons in the deep core of your reptile brain firing, and you have to find some mechanism to keep everything under control. The problem with trading is that it can be very, very addictive, and if you aren't very, very careful, then you end up seeking the addictive rush rather than actually making money, and this can be wildly self-destructive.
$M Very straight away bullish momentum , was on scalp trading but trapped because of Internet error 😭 now I am stucked in short position Best coin $BNB
$NFP This is totally unpredictable very volatility high bullish and bearish momentum at once never seen this type of liquidation movement before continue scalping for small profits only DYOR very scary Chart accuracy $USDC