Find a plan, formulate a strategy, back test it and forwards test it using a demo account and find one that suits you.
Once you do this you need to stick to it and have 100% confidence in your plan and trust your set of rules.
Your trading plan and strategy is there to eliminate all of your emotions from coming into play! 🧠
Are you confident in your trading plan and strategy?
@CryptoTrades #education #tradingplan
Once you do this you need to stick to it and have 100% confidence in your plan and trust your set of rules.
Your trading plan and strategy is there to eliminate all of your emotions from coming into play! 🧠
Are you confident in your trading plan and strategy?
@CryptoTrades #education #tradingplan
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
3 strikes and you’re out!
Do you stick to these rules?
We certainly do...The significance of knowing when enough is enough is often over looked, but if you set up rules and stick to them you will find yourself protecting your capital a lot better then those who don’t set rules.
Our rules are as follows, if we lose 3 trades in a day, we stop trading until the next day.
We do the same if we lose more then 10% in a day.
If you don’t do this, your trading Career will NOT last long, and it will soon turn into a gambling career.
You will find yourself “revenge” trading, this is trading when your sole purpose of doing so is to get back your lost money.
This will cause you to shy away from your trading plan (rules) and that’s the last thing you want!
@CryptoTrades #education #riskmanagement #revengetrading #tradingplan #mindset #crypto #winningstrategy
Do you stick to these rules?
We certainly do...The significance of knowing when enough is enough is often over looked, but if you set up rules and stick to them you will find yourself protecting your capital a lot better then those who don’t set rules.
Our rules are as follows, if we lose 3 trades in a day, we stop trading until the next day.
We do the same if we lose more then 10% in a day.
If you don’t do this, your trading Career will NOT last long, and it will soon turn into a gambling career.
You will find yourself “revenge” trading, this is trading when your sole purpose of doing so is to get back your lost money.
This will cause you to shy away from your trading plan (rules) and that’s the last thing you want!
@CryptoTrades #education #riskmanagement #revengetrading #tradingplan #mindset #crypto #winningstrategy
Find yourself constantly losing and don’t know why?
⠀
The reasons listed above could be the downfall of your trading career and they can all be fixed.
Look back at your trades (in your trading plan), and try to figure out the pattern of error.
When you’ve done this fix it and never do it again.
⠀
Seems simple enough right? WRONG!
Most people don’t have enough discipline to do this.
A successful trader needs rock solid discipline!
⠀
Keep these points and add them to your NOT TO DO list.
@CryptoTrades #education #emotions #riskmanagement #tradingplan #knowledge #crypto #signals #cryptotradespremium
⠀
The reasons listed above could be the downfall of your trading career and they can all be fixed.
Look back at your trades (in your trading plan), and try to figure out the pattern of error.
When you’ve done this fix it and never do it again.
⠀
Seems simple enough right? WRONG!
Most people don’t have enough discipline to do this.
A successful trader needs rock solid discipline!
⠀
Keep these points and add them to your NOT TO DO list.
@CryptoTrades #education #emotions #riskmanagement #tradingplan #knowledge #crypto #signals #cryptotradespremium
Do you have a trading system?
If you don’t, go and make one!
@CryptoTrades #education #tradingsystem #tradingplan #traderdiary #riskmanagement #knowledge #crypto #signals #cryptotradespremium
If you don’t, go and make one!
@CryptoTrades #education #tradingsystem #tradingplan #traderdiary #riskmanagement #knowledge #crypto #signals #cryptotradespremium
If you want to be a professional you need to possess the qualities that they do.
Most people know them, they just choose not to follow and possess them, what are you going to do?
@CryptoTrades #education #levelup #professionaltrader #riskmanagement #tradingplan #mindset #tradelikeabusiness #signals #cryptotradespremium
Most people know them, they just choose not to follow and possess them, what are you going to do?
@CryptoTrades #education #levelup #professionaltrader #riskmanagement #tradingplan #mindset #tradelikeabusiness #signals #cryptotradespremium
Don’t focus on short term goals, focus on your long term goals.
They are way more important and more realistically …. that’s why we are trading.
We’re trading for millions/billions, and that’s unlikely to be achieved in a day so stretch it out!
Would you rather work 40-50 years at a 9-5 or trade for 10 years and be financially free????
@CryptoTrades #education #longterm #goals #tradingplan #signals #cryptotradespremium
They are way more important and more realistically …. that’s why we are trading.
We’re trading for millions/billions, and that’s unlikely to be achieved in a day so stretch it out!
Would you rather work 40-50 years at a 9-5 or trade for 10 years and be financially free????
@CryptoTrades #education #longterm #goals #tradingplan #signals #cryptotradespremium
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
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
Don’t focus on short term goals, focus on your long term goals.
They are way more important and more realistically …. that’s why we are trading.
We’re trading for millions/billions, and that’s unlikely to be achieved in a day so stretch it out!
Would you rather work 40-50 years at a 9-5 or trade for 10 years and be financially free????
@CryptoTrades #education #longterm #goals #tradingplan #signals #mindset #exitstrategy #cryptotradespremium
They are way more important and more realistically …. that’s why we are trading.
We’re trading for millions/billions, and that’s unlikely to be achieved in a day so stretch it out!
Would you rather work 40-50 years at a 9-5 or trade for 10 years and be financially free????
@CryptoTrades #education #longterm #goals #tradingplan #signals #mindset #exitstrategy #cryptotradespremium