3 PIE Charts that will CHANGE Your Trading in 2024
Updated
Hi Traders, Investors and Speculators of Charts📈📉
Considering all the festive holidays coming up, I've decided to make an educational post that will require some "work" from you, call it holiday homework to improve your trading😉
Being a profitable trader is near impossible if you don't have a plan. Most traders fail because they jump in and out of untimed, high risk positions. Today's post is going to help you set up three pie charts that you need as a trader to be successful. Keep it by your desk or where you are trading. Look at it every day to make sure you stick to your plan and stay on track.
I know it may seem like some work - but you're investing your money into the wild west; be as prepared as possible! You only have to do it once, after which you can "tweak" every 4 months or more.
Additional things to keep in mind when setting up your 3 golden pie-charts:
👉 Am I interested in local stocks or international?
👉 If you're heavy into tech, consider a tech-dominant portfolio and likewise (think eco friendly, green power, AI etc.)
👉 Am I planning for 1 month, 1 year, or more?
👉 UNDERSTAND that as a rule of thumb, CRYPTO trading is HIGH RISK
STOCKS and FOREX are considered MEDIUM risk
BONDS and COMODITIES are considered LOW risk
But within these, some are higher- and lower risk than others
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
We thank you for your support !
CryptoCheck
Considering all the festive holidays coming up, I've decided to make an educational post that will require some "work" from you, call it holiday homework to improve your trading😉
Being a profitable trader is near impossible if you don't have a plan. Most traders fail because they jump in and out of untimed, high risk positions. Today's post is going to help you set up three pie charts that you need as a trader to be successful. Keep it by your desk or where you are trading. Look at it every day to make sure you stick to your plan and stay on track.
I know it may seem like some work - but you're investing your money into the wild west; be as prepared as possible! You only have to do it once, after which you can "tweak" every 4 months or more.
Additional things to keep in mind when setting up your 3 golden pie-charts:
👉 Am I interested in local stocks or international?
👉 If you're heavy into tech, consider a tech-dominant portfolio and likewise (think eco friendly, green power, AI etc.)
👉 Am I planning for 1 month, 1 year, or more?
👉 UNDERSTAND that as a rule of thumb, CRYPTO trading is HIGH RISK
STOCKS and FOREX are considered MEDIUM risk
BONDS and COMODITIES are considered LOW risk
But within these, some are higher- and lower risk than others
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
We thank you for your support !
CryptoCheck
Note
More on Risk-Reward and leverage trading ratios:
Note
Make sure you watch this to become a more profitable trader in 2024!Note
Make sure you check out this post on CryptoCheck's TOP 20 altcoins to watch in 2024 👉👀
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SoftQuant Website
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