Generalmasango

1. Your trading Capital should be big enough that it hurts if you lose it.

This will give you enough skin in the game.

But don't invest so much that it ruins your life.

Save from your job or current business to get trading Capital. Don't borrow money.

2. Invalidation Point. Invalidation Point. Invalidation Point.

If you don't have an invalidation point, you are just gambling and praying.

You should exit swiftly as soon as the market structure Changes. Take a loss and move on.

3. Leverage is the greatest invention in the history of capitalism.

If you know how to use it whilst taming your position size, you'll be a king.

Coming Soon Capital Preservation to learn how to use leverage.

4. Don't be a community member or fight for a coin.

You are here to make money and improve your life, for yourself and your family.

There's no Good coin or bad coin.

Coin what makes you money and forget about the narrative.

5. Take Profit Range.

Don't make the mistake of having a fixed price target.

Your target should be a range where you take Profits Incrementally.

Eg. If the target is 150, Take Profits in the range of 140-150 slowly.

6. Slow down when taking an entry. You should have a thought our reason to enter, exit levels and Target Ranges.

If you don't ha r these established, don't enter a trade.

7. Trade more.

The only way you will learn to trade is by trading more.

The more you trade, the more setup you establish and the most time you spend on planning, executing, the more you will learn.

Even if you are trading with 10 dollars, trade more. 10x your learning.

8. Change your bias easily.
Have zero ego while changing your bias.

What you thought about the market yesterday shouldn't matter today at all.

Don't be stuck up in your ego that you miss the change in trend.

Opinions are worth nothing, profit is worth everything.

9. Keep Going.

Slowly, but keep going. Use risk Management as your tool to survive and hardwork will bring the profits.

Survive for long enough and you'll be a king.

10. Signals might help you for short term profit but knowledge surely help you to run this long marathon.

Enjoy !!