crypto insider

If you are bigenners and tired of inconsistent trading results and losses? Want to create a strategy that works for you? Here's a 90-day challenge to help you develop a profitable trading strategy:
Day 1-30: Learn and Research
If you are begennirs and learning crypto and frustrated.Don't fear trading is very easy .We ourself made trading very complicated .

1. Study successful traders and their strategies.
2.write your goals first
What You want to become a scalper٫swing trader٫Intraday trader or invested.
3. Learn technical analysis
PRICE ACTION
learn about candle psychology and candlestick patterns like Hammer ٫inverted Hammer ٫doji candles

After that you learn about chart patterns like Bullish flag bearish flag etc.
Master about supply and demand/support and resistance Strong Grip on volumeLearn about trend lines.
Price action with volume confirmation show strong result.
Market structure
Market structure is backbone of crypto٫ forex and stock trading.
Master how marks higher highs and higher lows Learn about inducement and pullbacks.Master BOS(break of structure)Master choch (change of character)BOS and CHOCH are sign of trend reversals Master trading view toolsFibonacci retrasmentVolume profiles Moving averages RSI
Mastering trading view is very very important.

MASTRING LIQUIDITY
Liquidity is fuel of market.
Crypto is game of liquidity.
Types of liquidity
Enternel liquidity Externel liquidityTrend line liquidity
Fundamental Analysis
Stay focused on incoming news٫ geopolitical situations and war situations.
Important websites for fundamental Analysis:
Coinmarketcap.comCoingeko.comCoin telegraph.comForex factory(for important economics data) like cpi٫ ppi٫core cpi that influence whole market.Cryptoqouant.com

Day31 -60:Backtesting
1. Choose a trading platform and tools
2. Backtest different strategies using historical data using onchain analysis
Eyes on whale activities
4. Experiment with indicators and parameters
4. Analyze results and refine your approach
5. Start a trading journal to track progress
Improve psychology
Improve Psychology means high win ratioDon't panic due to fear or FOMOAlways do your in research.
Risk Management
Always manage risk
Use low leverage. Use High leverage when position size is so small.
Use 1 to 2 percent portfolio per trade
Use DCA(doller cost average to mimize risk and not use all portfolio in single coin.
Day 61 -90:Refinement and live trading
1. Start with a small live trades
2. Implement your refined strategy
3. Monitor and adjust as needed
4. Focus on consistency and discipline
5. Continuously learn and improve
Key Principles
1. Start small: Don't risk too much capital
2. Stay disciplined: Stick to your plan
3. Keep learning: Trading is a continuous process
4. Be patient: Success takes time
Take the challenge and develop a profitable trading strategy that works for you! 💪
#Trading #Strategy #Profitable #90DayChallenge #tradingtips
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Hey fellow crypto enthusiasts! 🤔 Did you know that a 95% of people fail in the crypto space and made huge losses? 😱

Let's break down the reasons

1️⃣ *Lack of knowlege*: Jumping in crypto without understanding the basics.
2️⃣ *Emotional Decisions*: Most bigenners rush in FOMO. Due to fear of missing out the trend they enter in market to fullfil their bags but market reversed and hit stop losses.
3️⃣ *No Risk Management*: position sizing is very important .If you have $100 in portfolio then open trade $10 to $20 dollers
per trade . Always buy in parts and use DCA stretegy.
4️⃣ *Following the crowd*: Blindly following social media influencers without research. Always do your in research before planning a trade.
5️⃣ *No clear stretigy*: you never become profitable if you follow no clear stretegy

*How to avoid failure*:
- Educate yourself on crypto basics and trends.
- Set clear goals and stick to them.
- Manage your risks wisely.
- Do your own research (DYOR).
- Stay disciplined and patient.
-Never ignore fundamental analysis

#Crypto #BinanceSquare #CryptoTips #InvestSmart
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