Concept of the Trend
"Cut your losses and let your profits grow", they say. How is that? One of possible and easiest strategies is to monitor price making new higher highs (HH) and higher lows (HL). When price fail to create new HH and falls lower previous HL, exit the trade. Some useful tips:
💡 Strategy exclude emotional interference.
💡 Stick to your timeframe - what seems to be the end at 30 minutes could be a very beginning at day timeframe.
💡 For strong trends, that last days / weeks, gradually increase position size and timeframe for HH&HL, so that minor wicks don't spoil your huge longterm profits.
💡The longer the trend is the higher is timeframe and the less your presence is required. Just move SL to new HL as it forms and live your live till trend confirms reversal and fix profits.
💡 Crypto is highly volatile market. Low cap coins are easily manipulated. Often before pumping, whales push price down, to collect stop losses (those below HL).
@CryptoTrades #Education #Hints #Strategy #Trend
"Cut your losses and let your profits grow", they say. How is that? One of possible and easiest strategies is to monitor price making new higher highs (HH) and higher lows (HL). When price fail to create new HH and falls lower previous HL, exit the trade. Some useful tips:
💡 Strategy exclude emotional interference.
💡 Stick to your timeframe - what seems to be the end at 30 minutes could be a very beginning at day timeframe.
💡 For strong trends, that last days / weeks, gradually increase position size and timeframe for HH&HL, so that minor wicks don't spoil your huge longterm profits.
💡The longer the trend is the higher is timeframe and the less your presence is required. Just move SL to new HL as it forms and live your live till trend confirms reversal and fix profits.
💡 Crypto is highly volatile market. Low cap coins are easily manipulated. Often before pumping, whales push price down, to collect stop losses (those below HL).
@CryptoTrades #Education #Hints #Strategy #Trend
The compound effect is what makes traders rich!
The compound effect is the addition of small gains over time to make a significant long term gain!
Without the compound effect, we would not be able to make significant gains like we do.
Traders compound by sticking to strict risk management rules, a plan, and by having rock solid discipline.
You CANNOT compound without consistency!
@CryptoTrades #education #compounding #riskmanagement #strategy #tradingplan
The compound effect is the addition of small gains over time to make a significant long term gain!
Without the compound effect, we would not be able to make significant gains like we do.
Traders compound by sticking to strict risk management rules, a plan, and by having rock solid discipline.
You CANNOT compound without consistency!
@CryptoTrades #education #compounding #riskmanagement #strategy #tradingplan
Confluence is the “assembly” or “coming” together of things.
Traders use it as a fancy word that refers to having multiple reasons for taking a trade.
The more reasons you have to take a trade, the better.
And you gain extra bonus points if the reasons are unrelated.
@CryptoTrades #education #confluence #strategy #tradingplan #candlesticks #chartpatterns
Traders use it as a fancy word that refers to having multiple reasons for taking a trade.
The more reasons you have to take a trade, the better.
And you gain extra bonus points if the reasons are unrelated.
@CryptoTrades #education #confluence #strategy #tradingplan #candlesticks #chartpatterns
Do you have a risk management plan?
If your answer is no, then you really need to go and make one.
Without one, you’re asking to lose money.
Any money you make without a risk management plan is never long term.
Set a maximum risk % per trade, a minimum risk:reward ratio, a max drawdown and risk exposure.
When you have all these combined with a good trading strategy and system then you’re ready to start being profitable.
@CryptoTrades #education #riskmanagement #riskmanagementplan #strategy #signals #cryptotradespremium
If your answer is no, then you really need to go and make one.
Without one, you’re asking to lose money.
Any money you make without a risk management plan is never long term.
Set a maximum risk % per trade, a minimum risk:reward ratio, a max drawdown and risk exposure.
When you have all these combined with a good trading strategy and system then you’re ready to start being profitable.
@CryptoTrades #education #riskmanagement #riskmanagementplan #strategy #signals #cryptotradespremium
Over leveraging ALWAYS leads to a blown account.
There’s nothing you can say to argue against that, yes you might win a few trades while you’re over leveraging but what happens when you lose 1 trade?
YOUR WHOLE ACCOUNT GETS BLOWN! 🤯
Look at the table above and compare what you think is better and more sustainable as a long term business plan!
It’s obviously the risk managed choice, the reason I stress the importance of risk management is because it’s sooooooo important!!
@CryptoTrades #education #riskmanagement #riskmanagementplan #overleveraging #strategy #signals #cryptotradespremium
There’s nothing you can say to argue against that, yes you might win a few trades while you’re over leveraging but what happens when you lose 1 trade?
YOUR WHOLE ACCOUNT GETS BLOWN! 🤯
Look at the table above and compare what you think is better and more sustainable as a long term business plan!
It’s obviously the risk managed choice, the reason I stress the importance of risk management is because it’s sooooooo important!!
@CryptoTrades #education #riskmanagement #riskmanagementplan #overleveraging #strategy #signals #cryptotradespremium
👆👆👆👆👆👆
Do you place your stop losses in valid places or do you just place them anywhere?
Here are three valid reasonings to position a stop loss in the right place.
1. If trading inside two zones, it makes sense to place your stop loss outside of the zone. For example, if we place a buy at the support (bottom) zone, we would place the our stop loss underneath the zone.
2. If trading the breakout strategy, it would make sense to place your stop loss underneath or above the zone that price has just broken above/below. For example, if price breaks above a resistance (upper) zone and retests it, we would place a buy and place our stop loss underneath the newly made support zone.
3. If trading using trend lines, and you’re trading with the trend, it makes sense to place your stop loss underneath the trendline. This one is simple, if price breaks below the trend line, price has changed trend.
Remember to always place your stop loss in valid places and make sure your stop loss is significantly smaller than your take profit!
RISK:REWARD IS EXTREMELY IMPORTANT!
@CryptoTrades #education #riskmanagement #riskmanagementplan #stoploss #strategy #signals #cryptotradespremium
Do you place your stop losses in valid places or do you just place them anywhere?
Here are three valid reasonings to position a stop loss in the right place.
1. If trading inside two zones, it makes sense to place your stop loss outside of the zone. For example, if we place a buy at the support (bottom) zone, we would place the our stop loss underneath the zone.
2. If trading the breakout strategy, it would make sense to place your stop loss underneath or above the zone that price has just broken above/below. For example, if price breaks above a resistance (upper) zone and retests it, we would place a buy and place our stop loss underneath the newly made support zone.
3. If trading using trend lines, and you’re trading with the trend, it makes sense to place your stop loss underneath the trendline. This one is simple, if price breaks below the trend line, price has changed trend.
Remember to always place your stop loss in valid places and make sure your stop loss is significantly smaller than your take profit!
RISK:REWARD IS EXTREMELY IMPORTANT!
@CryptoTrades #education #riskmanagement #riskmanagementplan #stoploss #strategy #signals #cryptotradespremium
Stop over complicating it, it’s not that complex!
Set a minimum risk to reward ratio and a maximum % risk per trade.
Once you have those two things you already know what the maximum you will lose on each losing trade and also the minimum you can gain (unless you close early).
Of course there are other components to a successful trading/risk management plan but this is the foundation to one!
Implement this way of trading and watch your results change for the better!
@CryptoTrades #education #riskmanagement #riskmanagementplan #stoploss #strategy #signals #cryptotradespremium
Set a minimum risk to reward ratio and a maximum % risk per trade.
Once you have those two things you already know what the maximum you will lose on each losing trade and also the minimum you can gain (unless you close early).
Of course there are other components to a successful trading/risk management plan but this is the foundation to one!
Implement this way of trading and watch your results change for the better!
@CryptoTrades #education #riskmanagement #riskmanagementplan #stoploss #strategy #signals #cryptotradespremium
Do you have what it takes to make £1,000,000 trading?
@CryptoTrades #education #riskmanagement #riskmanagementplan #strategy #signals #cryptotradespremium #winningsignals
@CryptoTrades #education #riskmanagement #riskmanagementplan #strategy #signals #cryptotradespremium #winningsignals
Do you use take profits?
If you do that’s fine but you may want to take this into consideration...
When you set a take profit, you’re limiting your potential profits.
Let’s say you have a take profit set and price rises up to it and hits it but it doesn’t stop rising and it rises 20-30% up before even dropping slightly. You would be pretty annoyed right?
One way of stopping this is by trailing your stop loss, instead of using a take profit, move your stop loss more towards price as price moves upwards or downwards in your favoured direction.
@CryptoTrades #education #profits #stoploss #trailingstoploss #strategy #signals #cryptotradespremium #winningsignals
If you do that’s fine but you may want to take this into consideration...
When you set a take profit, you’re limiting your potential profits.
Let’s say you have a take profit set and price rises up to it and hits it but it doesn’t stop rising and it rises 20-30% up before even dropping slightly. You would be pretty annoyed right?
One way of stopping this is by trailing your stop loss, instead of using a take profit, move your stop loss more towards price as price moves upwards or downwards in your favoured direction.
@CryptoTrades #education #profits #stoploss #trailingstoploss #strategy #signals #cryptotradespremium #winningsignals
The First 12 Days of Trading.
A little homework for y’all!
@CryptoTrades #education #profits #12days #strategy #signals #cryptotradespremium #winningsignals
A little homework for y’all!
@CryptoTrades #education #profits #12days #strategy #signals #cryptotradespremium #winningsignals
What time frames are the best to use?⠀⠀
I hear a lot of people saying it’s the Daily, 4 Hour and 1 Hour. In reality it’s all of them!⠀⠀
⠀⠀
Yes, all of the time frames are the best to use. Analysing on all time frames gives you a very good overall bias, long term and short term.⠀⠀
⠀⠀
We analyse on all time frames because imagine if you are in a buy position which you spotted on the 1H chart, but price is at a Monthly resistance zone on the monthly or weekly chart, not a good mix are they?⠀⠀
⠀⠀
NO! Analyse on all time frames, start on the monthly and then work your way deeper into the chart and finish on the 15 min chart.⠀⠀
⠀⠀
@CryptoTrades #education #timeframes #strategy #signals #cryptotradespremium #winningsignals
I hear a lot of people saying it’s the Daily, 4 Hour and 1 Hour. In reality it’s all of them!⠀⠀
⠀⠀
Yes, all of the time frames are the best to use. Analysing on all time frames gives you a very good overall bias, long term and short term.⠀⠀
⠀⠀
We analyse on all time frames because imagine if you are in a buy position which you spotted on the 1H chart, but price is at a Monthly resistance zone on the monthly or weekly chart, not a good mix are they?⠀⠀
⠀⠀
NO! Analyse on all time frames, start on the monthly and then work your way deeper into the chart and finish on the 15 min chart.⠀⠀
⠀⠀
@CryptoTrades #education #timeframes #strategy #signals #cryptotradespremium #winningsignals
This is a very important subject … What is inside your trading plan?
⠀
We are going to share with you what we have inside ours. You should treat it like a bible, your trading plan should tell you every rule you need when you sit down at your desk and chair and trade everyday.⠀
⠀
In our trading plan, we have al our risk management rules, all of our entry reasons that we look for, all of our reasons for stop loss and take profit placements, all of our exit reasons and most importantly our why.⠀
⠀
Our why is important, WHY? You might ask... Because if you look at your why everyday, it will help you stay disciplined and stick to your plan. You will see why you are really putting in the work you are putting in and it will keep you focussed and on the right track.⠀
⠀
Go back to your trading plan, edit it and let me ask you again, what’s inside your trading plan?⠀
⠀⠀
@CryptoTrades #education #tradingplan #strategy #signals #cryptotradespremium #winningsignals
⠀
We are going to share with you what we have inside ours. You should treat it like a bible, your trading plan should tell you every rule you need when you sit down at your desk and chair and trade everyday.⠀
⠀
In our trading plan, we have al our risk management rules, all of our entry reasons that we look for, all of our reasons for stop loss and take profit placements, all of our exit reasons and most importantly our why.⠀
⠀
Our why is important, WHY? You might ask... Because if you look at your why everyday, it will help you stay disciplined and stick to your plan. You will see why you are really putting in the work you are putting in and it will keep you focussed and on the right track.⠀
⠀
Go back to your trading plan, edit it and let me ask you again, what’s inside your trading plan?⠀
⠀⠀
@CryptoTrades #education #tradingplan #strategy #signals #cryptotradespremium #winningsignals
Confluence is the “assembly” or “coming” together of things.
Traders use it as a fancy word that refers to having multiple reasons for taking a trade.
The more reasons you have to take a trade, the better.
And you gain extra bonus points if the reasons are unrelated.
@CryptoTrades #education #confluence #strategy #tradingplan #candlesticks #chartpatterns
Traders use it as a fancy word that refers to having multiple reasons for taking a trade.
The more reasons you have to take a trade, the better.
And you gain extra bonus points if the reasons are unrelated.
@CryptoTrades #education #confluence #strategy #tradingplan #candlesticks #chartpatterns
This is a very important subject … What is inside your trading plan?
⠀
We are going to share with you what we have inside ours. You should treat it like a bible, your trading plan should tell you every rule you need when you sit down at your desk and chair and trade everyday.⠀
⠀
In our trading plan, we have al our risk management rules, all of our entry reasons that we look for, all of our reasons for stop loss and take profit placements, all of our exit reasons and most importantly our why.⠀
⠀
Our why is important, WHY? You might ask... Because if you look at your why everyday, it will help you stay disciplined and stick to your plan. You will see why you are really putting in the work you are putting in and it will keep you focussed and on the right track.⠀
⠀
Go back to your trading plan, edit it and let me ask you again, what’s inside your trading plan?⠀
⠀⠀
@CryptoTrades #education #tradingplan #strategy #signals #cryptotradespremium #winningsignals
⠀
We are going to share with you what we have inside ours. You should treat it like a bible, your trading plan should tell you every rule you need when you sit down at your desk and chair and trade everyday.⠀
⠀
In our trading plan, we have al our risk management rules, all of our entry reasons that we look for, all of our reasons for stop loss and take profit placements, all of our exit reasons and most importantly our why.⠀
⠀
Our why is important, WHY? You might ask... Because if you look at your why everyday, it will help you stay disciplined and stick to your plan. You will see why you are really putting in the work you are putting in and it will keep you focussed and on the right track.⠀
⠀
Go back to your trading plan, edit it and let me ask you again, what’s inside your trading plan?⠀
⠀⠀
@CryptoTrades #education #tradingplan #strategy #signals #cryptotradespremium #winningsignals
The First 12 Days of Trading.
A little homework for y’all!
@CryptoTrades #education #profits #12days #strategy #signals #cryptotradespremium #winningsignals
A little homework for y’all!
@CryptoTrades #education #profits #12days #strategy #signals #cryptotradespremium #winningsignals
So we see a lot about patterns, and I’ve made similar posts before but I wanted to really focus on the ZONES we see near patterns.
No matter what strategy you use, you need to stay consistent. I use zones and I incorporate other techniques for confirmation. But zones are always included in my strategy.
I hope this helps:-)
@CryptoTrades #education #strategy #zones #confirmation #confluence #cryptotradespremium
No matter what strategy you use, you need to stay consistent. I use zones and I incorporate other techniques for confirmation. But zones are always included in my strategy.
I hope this helps:-)
@CryptoTrades #education #strategy #zones #confirmation #confluence #cryptotradespremium
Over leveraging ALWAYS leads to a blown account.
There’s nothing you can say to argue against that, yes you might win a few trades while you’re over leveraging but what happens when you lose 1 trade?
YOUR WHOLE ACCOUNT GETS BLOWN! 🤯
Look at the table above and compare what you think is better and more sustainable as a long term business plan!
It’s obviously the risk managed choice, the reason I stress the importance of risk management is because it’s sooooooo important!!
@CryptoTrades #education #riskmanagement #riskmanagementplan #overleveraging #strategy #signals #cryptotradespremium
There’s nothing you can say to argue against that, yes you might win a few trades while you’re over leveraging but what happens when you lose 1 trade?
YOUR WHOLE ACCOUNT GETS BLOWN! 🤯
Look at the table above and compare what you think is better and more sustainable as a long term business plan!
It’s obviously the risk managed choice, the reason I stress the importance of risk management is because it’s sooooooo important!!
@CryptoTrades #education #riskmanagement #riskmanagementplan #overleveraging #strategy #signals #cryptotradespremium
Confluence is the “assembly” or “coming” together of things.
Traders use it as a fancy word that refers to having multiple reasons for taking a trade.
The more reasons you have to take a trade, the better.
And you gain extra bonus points if the reasons are unrelated.
@CryptoTrades #education #confluence #strategy #tradingplan #candlesticks #chartpatterns
Traders use it as a fancy word that refers to having multiple reasons for taking a trade.
The more reasons you have to take a trade, the better.
And you gain extra bonus points if the reasons are unrelated.
@CryptoTrades #education #confluence #strategy #tradingplan #candlesticks #chartpatterns