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TradeCityPro | TRUMPUSDT Strategy to Drive Capital into Altcoins👋 Welcome to TradeCityPro Channel! Let's dive into this recent development where the current U.S. president has launched his official meme coin, along with his wife’s official meme coin. We’ll explore the technical and fundamental aspects of this topic. 🎤 Inauguration Summary Before starting today’s analysis, let’s briefly review the key points from the inauguration speech: Economy & Entrepreneurship : Trump emphasized the need to strengthen the U.S. economy, cut taxes for businesses, and support entrepreneurship, with the goal of creating more job opportunities and boosting the economy. National Security: Trump stressed the importance of protecting the country's security and addressing both internal and external threats, including terrorism and cyberattacks, pledging to strengthen the U.S. military and intelligence forces. Individual Freedoms: Trump talked about protecting individual freedoms and reinforcing the rights of American citizens. He promised that his administration would support individuals' rights and civil liberties. Immigration & Borders: One of the key issues Trump highlighted was immigration. He called for stronger U.S. borders and stricter laws on illegal immigration. 📉 15-Minute Chart Looking at the 15-minute chart, there’s limited data for technical analysis, so it’s hard to draw any conclusions. Binance currently has the best chart for this coin. Last night, coinciding with the inauguration, we saw a 46% correction on the 1-hour candle, which led to the liquidation of many positions. It’s safe to say most futures positions got liquidated. For now, I’m not planning to buy or enter a position on this coin. However, if you are interested in purchasing, I would suggest waiting for a breakout above 61.71, and I recommend exiting below 43.97. The tokenomics of this project are risky, and I believe there are other reasons why Trump introduced it. 🚀 The Bigger Picture From my perspective, this move is quite beneficial for the cryptocurrency industry. It shifts the focus from just Bitcoin to altcoins, encouraging investors to diversify into them. Additionally, because this coin can only be purchased with fiat or on the Solana network, it has led to the entry of a new wave of users into the crypto market. This could continue, much like the hamster trend or Telegram bots. In terms of market capitalization, this coin performed remarkably well, reaching the 13th position and becoming the second-largest meme coin. It’s currently ranked 4th in 24-hour trading volume, which could be a good opportunity if you're looking to generate liquidity. 🔒 Tokenomics and Network Performance From a tokenomics standpoint, the coin is a bit weak, as 80% of the tokens are held by the project team, including Mr. Trump. Soon, 40% of these tokens will be unlocked, which will likely create significant selling pressure. However, in terms of market cap, its performance has been extraordinary. I also have some criticism regarding the Solana network. Despite being a crypto enthusiast, Solana's network outages and performance issues in transactions show that the crypto space is still not ready for high transaction volumes. The industry needs to find a way to simplify networks and tokens so that ordinary users can easily enter the market. 📊 Capital Management Advice If you want to be part of this space and invest in this coin or other meme coins, it’s crucial to follow strict capital management rules: Avoid Futures Trading: Due to the high volatility of these coins, you’ll almost certainly get liquidated if you trade futures. Be Realistic: Don’t expect to become rich overnight. Avoid using money you can’t afford to lose never invest money from selling your car or house. HODL with Caution: If you plan to hold this token, make sure the amount you invest is money you can afford to lose. The amount will vary depending on your lifestyle. Verify Contract Addresses: Always double-check the contract address or the exchange. Social media trends can lead to scams, and scammers may try to sell you fake tokens that will never return your money. Be Mindful of FOMO: While Trump’s token has increased by 5000% recently, it’s unlikely that it will turn $50 into $1000 right now. For that to happen, the market cap would need to increase by 20 times, which is highly unlikely. So, be cautious about the FOMO in the social media space. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
BINANCE:TRUMPUSDTLong
by tradecitypro
12
TradeCityPro | GALAUSDT Battle Between Buyers and Sellers 👋 Welcome to TradeCityPro Channel! Let's dive into this cryptocurrency altcoin, after which I will explain in detail about Trump’s meme coin and his wife in the next analysis. 🔍 Bitcoin Overview Before starting today’s analysis, let’s take a quick look at Bitcoin on the 1-hour timeframe. Last night, we saw some volatility, triggered by the inauguration of the new U.S. president, Mr. Trump, which led to these movements. Initially, we experienced some bearish candles and dropped below $100,000. However, we bounced back and reached a new price ceiling of $109,350, which was touched on most exchanges. It was an unprecedented event for Bitcoin fans. 📅 Weekly Timeframe On the weekly timeframe, GALA is one of those cryptocurrencies that is still fluctuating within its larger range box. It seems likely that it will break out soon. The key resistance level here is at 0.06090. When we previously attempted to break the range box, the breakout was fake, and we returned to the box. For re-entry, I plan to buy long-term once the range box ceiling at 0.06090 is broken. However, I will need volume increase for confirmation. For now, the main exit trigger will be a break below 0.01579. 📈 Daily Timeframe On the daily timeframe, GALA is showing a good potential for a bullish movement as it’s breaking above its previous daily range. After breaking the resistance at 0.02434, the price moved up nicely to the range box resistance of 0.0609, which was a reasonable place to take profits or exit the position. I personally opted for the latter. Currently, the price is at a crucial support level at 0.03305, which is important on both the daily chart and also aligns with the 50% Fibonacci retracement level, a key technical point. This zone is considered a potential reversal zone (PRZ). For re-entry, I will buy if we experience a fake breakout at this support level or if we break above 0.04344. The most significant entry will be if the weekly ceiling of 0.06090 breaks. I will continue to hold my 0.02434 entry. For selling, I won’t do anything at 0.03305, but there’s a possibility I might open a short futures position, as the price could move towards 0.02821 or 0.02434.
Long
by tradecitypro
3
Solana ($SOL) Cup and Handle offers 65% Gain PotentialTaking a look at Solana on the Weekly timeframe, i've drawn out this cup and handle pattern: As we can see here, the swing low of $8 to the swing high of $264 provides a measurement we can use from the recent low of $169. When we pair that with a fib extension we have a perfect 1.618 that aligns with this price target of around $400. Notice, however, that we also have another potential swing low and a 1.272 fib extension with a price target of around $350. Given the bullishness of CRYPTOCAP:SOL , being the best crypto in the space, and the catalyst $TRUMP has brought, introducing the general public to its fantastic user experience, low fees, and quick transfer speeds, the bull case for SOL is quite apparent. Howevever, I would be remiss not to point out the bear case that is showing itself here. At least for the short term: As you can see, this daily rising wedge has been forming since April. We've fallen out of it, bounced off the bottom, and rocketed back into it only to hit the top of the inside of the wedge at $295 and be rejected back below the previous ATH of $264. I see the 200-day MA (Purple line) as my key support level to remain bullish, and has proved to be a strong buy level. I managed to catch it at $175 on the latest attempt to breach that led to a massive move to $295. One should always consider both the bull and bear cases and manage risk accordingly. This is for informational purposes only and not a suggestion or recommendation to buy or sell any asset or otherwise. You are responsible for your own decisions no matter where you get information. Never invest if you can't afford it and consider all investing gambling. - Shadowfigure
KRAKEN:SOLUSD
by Shadowfigure
TradeCityPro | LTCUSDT Potential Approval of ETFs👋 Welcome to TradeCityPro Channel! Let’s delve into the analysis of LTC, one of the oldest coins in the market. Recently, there have been rumors about its potential inclusion in ETFs, which could attract a good amount of capital and lead to promising movements in the future. 🌐 Overview Bitcoin Before starting today’s altcoin analysis, let’s look at Bitcoin on the 1-hour timeframe. Since yesterday, Bitcoin experienced a correction, which was necessary for the market, and it pulled back to the 102135 range. The next trigger for a long position will be a breakout above 104714. Yesterday’s correction, coupled with an increase in Bitcoin dominance, caused noticeable declines in some altcoins. This highlights the importance of monitoring BTC pairs in your checklist these days. 📊 Weekly Timeframe In the weekly timeframe, Litecoin’s chart reminds me of forex charts because it’s one of the oldest coins that has survived and spent a significant amount of time in a ranging market. As a reminder, don’t develop emotional attachments to your coins. Don’t assume that any coin is guaranteed to rise. We are here to trade and improve our lives through trading. The chart is what matters. Many coins that were in the top 10 during previous bull runs no longer exist, and Litecoin remains due to its role as a payment coin. If you entered at the 75.91 breakout trigger, I suggest holding your position for now. It seems like the news of ETF approval is being priced in, but be aware of the risk and continue holding. Breaking the 135.55 trigger will be challenging. For a new buy entry, the current trigger is the 135.55 breakout. Until the price drops below 47.19, holding is a viable option. Personally, I wouldn’t buy into it, as even the founders of this project seem to have abandoned it. 📈 Daily Timeframe In the daily timeframe, Litecoin shows an upward trend. After breaking the 74.72 resistance (the top of its daily box), it moved far from it without even a pullback, indicating its relative strength compared to other altcoins. Following the 74.72 breakout, the price reached the critical weekly resistance of 136.97 and then corrected to 97.91. Drawing a Fibonacci retracement reveals that the 97.91 support aligns with the 0.382 Fibonacci level. A breakout from this level could spark a sharp new upward movement. Currently, the price is below the critical 136.97 resistance. Buying after a breakout here would be logical and worth the stop-loss risk. Given the recent strong volume, a breakout above 136.97 with a stop-loss at 97.91 is a reasonable entry strategy. In case of a drop, the price could pull back to the 116.76 level initially and potentially further to 97.91. However, momentum would likely weaken at this point. If 97.91 breaks, deeper corrections could occur, targeting 83.53 and 74.22, though a drop below 97.91 seems unlikely for now. ⏱ 4-Hour Timeframe In the 4-hour timeframe, after a false breakout below the 97.91 support, Litecoin began a sharp upward movement, shifting its cyclical trend in this timeframe. 📈 Long Position Trigger I plan to open a futures position after a breakout above 137.99 or earlier if I observe strong momentum. I’ve partially locked in profits from my entry at 104.95. 📉 Short Position Trigger I won’t consider it as long as the price stays above 115.42 unless the price forms lower highs and lows. Even then, I’d focus on coins still in their daily range boxes rather than those with an upward trend like this one. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
3
TradeCityPro | LDOUSDT Identifying a Re-Entry Point for Buying👋 Welcome to TradeCityPro Channel! Let’s analyze LDO again, which I uploaded for you before the New Year, and review the triggers we had set. Thanks to TradingView for choosing that analysis as an Editor's Pick! Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin As always, before starting the altcoin analysis, we take a look at Bitcoin on the 1-hour timeframe. All our entry triggers have been activated, and we currently hold a position from our primary trigger at 95554. I personally moved the stop-loss to the entry point. Bitcoin dominance also increased with this move, which is excellent news. Personally, I believe we might see Bitcoin registering a new ATH with its dominance rising. It feels like Bitcoin could reach around $115,000, and then we’ll see an altcoin season. 🕵️‍♂️ Previous Analysis Updating our previous analysis, we provided a spot-buy entry point for this coin with a breakout at 1.345. This trigger was activated, and currently, we are up by about 50%. For now, I suggest holding your position, and even if your stop-loss is hit, continue staying with it. 📊 Weekly Timeframe We are still within our long-term range box and transitioning from smaller boxes to larger ones. For weekly timeframe buying, the logical and safe trigger is at 2.553, and you can confirm the breakout with an increase in volume. Set your stop-loss below 0.935. For selling, the most logical and prudent exit would be below 0.935. Until then, I will continue to hold this coin and search for new entry triggers. 📈 Daily Timeframe In the previous analysis, we were in the daily box ranging between 0.909 and 1.361. For spot buying, we provided a trigger with a breakout at 1.361. Personally, I purchased at this breakout and am currently holding the coin, being 50% up in profit. At present, this coin, like other coins in our market category, is one of those altcoins trading above its daily range after a breakout. This is a good sign. Moreover, several pullbacks to the 1.361 support level with rapid upward reversals indicate strong buyer presence. We already have a spot-buy trigger, but for those looking for a new one, a risky entry can be made after breaking 2.096, while a safer entry can be made after breaking 2.44, setting your stop-loss at 1.361. ⏱ 4-Hour Timeframe After hitting 1.395 and breaking the 1.68 long trigger, the price moved toward the 2.096 resistance and is currently below this daily resistance. 📈 Long Position Trigger instead of entering a spot buy at 2.096, I would open a futures position with a breakout at this trigger and later use the futures profit to buy spot positions with a breakout above 2.44. 📉 Short Position Trigger currently, I am not searching for short positions in this market. However, if Bitcoin changes its trend, we will revisit and analyze the possibilities together. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
5
TradeCityPro | AIUSDT Attempting to Break the Daily Box👋 Welcome to TradeCityPro Channel! Let’s analyze one of the coins in the AI and big data category to stay prepared if the AI hype resurfaces. 🌐 Overview Bitcoin As usual, before analyzing our altcoin, we’ll first take a look at Bitcoin on the 1-hour timeframe. The 99.485 trigger was broken but quickly dropped back below, with a sharp pullback to 97.434, which could be considered a fake breakout. If this movement is treated as a fake breakout, switching to the 15-minute timeframe shows that the fake breakout trigger is 100.117. Once this level is broken, you can re-enter, and if you missed the position, it provides a new trigger point. 📊 Weekly Timeframe AIUSDT is a newly listed coin with limited data, so technical analysis options are somewhat restricted. This coin has broken out of its 100-day box between 0.3306 and 0.5059 but faced rejection at the significant resistance of 0.8228, pulling back to the 0.5059 zone. It’s worth noting that while many coins have re-entered their previously broken boxes, this coin is holding a higher level, which is a positive sign. If you’re holding this coin, it’s recommended to sell below 0.3306 and exit. For re-entry, wait for a confirmed breakout above 0.8228, with a reliable stop-loss at 0.3306 (or a riskier one at 0.5059). 📈 Daily Timeframe After breaking the 0.5375 resistance—our significant daily box ceiling—AIUSDT moved to 0.8228 but was rejected and entered its broader range. Examining the fake breakouts around the 0.3448 support shows that the second fake breakout led to a trend reversal. Fake breakouts often initiate new trends. Currently, the 0.8228 resistance level, previously a support, has become a key resistance. During this upward trend, volume has been increasing, while the rejection and pullback saw decreasing volume, confirming the upward movement. New entries make sense after breaking 0.8228, but require increased volume and momentum. Place a stop-loss at 0.5375 , Targets are 1.2873 and 2.0136. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
4
TradeCityPro | RENDER: Navigating the AI and RWA Space👋 Welcome to TradeCityPro! In this analysis, I will be examining the RENDER coin, a project involved in Artificial Intelligence and Real-World Assets (RWA). 📅 Daily Timeframe: Descending Triangle In the daily timeframe, after breaking the resistance at 6.75 and reaching up to 11.243, we observe a descending triangle forming between these two areas. The price has touched the support at 6.75 multiple times. 🔍 Additionally, the 6.75 area is also significant in terms of Fibonacci levels, lying between the 0.5 and 0.618 zones. The SMA99 is also reaching the candles in this area, turning it into a very strong Potential Reversal Zone (PRZ). 📊 Market volume within the triangle is gradually decreasing, and now that the price has entered the final third of the triangle, the sensitivity in each candle is increasing. If the triangle breaks in any direction, the volume should also increase; otherwise, the likelihood of a false breakout will rise. 🔽 If the price breaks down and passes below 6.75, the next major support will be at 4.18. A breakdown of the 36.45 level in the RSI would support a bearish scenario. 🧩 For long positions, we first need to wait for the descending trendline of the triangle to break. You can then open a position upon the breakout of this trendline trigger. The main trigger will be at 11.243. However, the range from 11.243 to 13.267 is very strong and, being at the ATH, turns into a significant supply zone. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
8
Video footage of Bitcoin, midway NY session today. Breakout.Bitcoin climbed through the stiff resistance near mid 90s near the start of London session today. The breakout candle was big but then the retrace was on and basically right back on Fib levels. The start of NY trading brought in some nice momentum helping to drive price back up, but then a double top emerges and that is sort of where the video starts. Sometimes I will trade the high time frames and then dive into the lower time frames with the MacD, a bit of a weapon once you learn to control as you will see. Thanks for viewing.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
TradeCityPro | XVSUSDT Possibility of a Long-Term Move Starting 👋 Welcome to TradeCityPro Channel! Let’s analyze XVS, one of my favorite coins in the crypto and DeFi space, which operates in the LEND & Borrow sector on the BNB network, as we may work with it more extensively in the future. 🌐 Overview Bitcoin Before analyzing today's altcoin, let’s start by reviewing Bitcoin on the 1-hour timeframe Yesterday, I mentioned opening a long position with Bitcoin’s break of 97343 and even suggested using a stop-buy order. Today, following the news announcement, this resistance was broken aggressively, showing strong whale activity. With this breakout, Bitcoin dominance has begun to drop, so it would have been more logical to place stop-buy orders on altcoins. If you haven’t done so yet, don’t worry! You can wait for the next confirmation by Bitcoin breaking 99485 to take action on your altcoins. 📊 Weekly Timeframe In the weekly timeframe, XVS remains in a large range and has been moving slowly. Recently, after faking a breakout above the range, it did not return to its bottom. In 2024, we haven’t revisited the 3.51 support level. Instead, we formed a higher low at 5.33, suggesting a potential shift. For re-entry, you could consider buying above 12.94. Personally, I entered at the 5.33 breakout in late 2023 and will not make any new purchases at the moment. My stop-loss remains below 3.51. 📈 Daily Timeframe On the daily timeframe, after breaking 8.21 and exiting the daily range, XVS moved toward the 11.83 resistance, where it faced heavy rejection. After that, lower highs were formed, leading to a descending triangle pattern with equal lows. If the descending trendline breaks, we might see the uptrend resume with confirmation from momentum and volume. Otherwise, a break below the triangle’s base at 8.21 could lead to a correction toward 6.09, though this is less likely. Risky Entry: You could buy now with the current daily candle, but ensure your stop-loss is below 6.09 , Safe Entry: Wait for a confirmed breakout above 11.83, aiming for a target of 17.58. ⏱ 4-Hour Timeframe Finally, in the 4-hour timeframe, after briefly wicking to the 7.73 support, XVS has bounced back into its range and is nearing the 9.47 resistance. 📈 Long Position Trigger wait for 9.47 to break with clear momentum and volume or wait for the formation of higher highs and higher lows. 📉 Short Position Trigger monitor for signs of rejection. If 9.47 turns into a fake-out, a short position below 8.52 could be considered. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
25
Master Short-term Trading in Stock, Forex, and Crypto MarketsMaster Short-term Trading in Stock, Forex, and Crypto Markets Short-term trading is a fast-paced approach that demands skill, strategy, and quick decision-making to capitalise on small price moves in financial markets like stocks, forex, and crypto. This article dives into advanced techniques, adaptive strategies, and psychological discipline needed to improve your trading edge. Choosing the Right Market and Asset for Short-Term Trading Short-term trading isn’t just about finding an opportunity; it’s about picking the right market and asset that aligns with your strategy, risk tolerance, and trading style. Different assets and markets move in unique ways, and understanding their traits can sharpen your trading decisions and improve your ability to identify favourable setups. Stocks When short-term trading stocks, movements often hinge on company-specific events like earnings reports, product launches, or even management changes. Ideal stocks for short-term trading typically include those in technology or high-growth sectors, which tend to show greater volatility and liquidity. However, specific stock trading hours limit opportunities (with after-hours trading often seeing lower volume), which can reduce flexibility compared to 24-hour markets like forex or crypto. Forex Known for its high liquidity and 24-hour trading cycle 5 days a week, the forex market offers ample short-term trading opportunities, particularly with major currency pairs like EUR/USD or GBP/USD. These pairs are heavily traded, leading to tighter spreads, which is essential for traders looking to make multiple trades in a single day. The forex market is also influenced by economic data releases and geopolitical events, making it a good match for traders who stay updated on global news and market sentiment. Commodities Trading commodities like gold, oil, and silver can add diversity to short-term trading. Commodities often see increased activity during times of economic uncertainty or when inflationary pressures are high. Precious metals like gold, for instance, are seen as so-called “safe havens,” attracting short-term traders during volatile market periods. Energy commodities, such as oil, also offer strong moves tied to supply and demand shifts, including geopolitical developments and inventory reports. Cryptocurrencies The crypto market stands out for its high volatility and 24/7 trading schedule. For those looking to trade for the short term in the crypto market, major coins like Bitcoin and Ethereum are common choices due to their frequent price swings, while smaller coins can offer higher-risk, high-reward short-term investment potential. However, crypto’s high risk and rapid price swings mean that traders must carefully manage the size of their short-term investments and stay alert to sudden shifts in market sentiment, often driven by regulatory updates or large-scale adoption news. Advanced Technical Analysis Techniques For traders aiming to refine their short-term investing, advanced technical analysis techniques can provide the depth needed to make quick, informed decisions. These methods go beyond basic indicators, giving traders a closer look at price dynamics, market psychology, and trade volume to spot potential setups. Price Action Analysis Price action analysis focuses on interpreting price movements without relying heavily on indicators. Traders using this method look for specific patterns like “doji” and “engulfing” candlesticks to gauge market sentiment. Recognising these patterns, along with key levels such as support and resistance, can help trader time entries and exits by indicating when momentum may shift. Price action is especially useful in volatile markets, where traditional indicators may lag. Volume Profile Volume profile charts and indicators show the volume traded at each price level over a given period, helping traders identify where the most buying and selling is happening. This technique highlights “high-volume nodes,” or price points where large amounts of trading occur, indicating levels where the price might stall or reverse. By using volume profiles, traders can spot areas of consolidation or breakout zones, refining their trade entries or exits based on market interest. Discover volume profile tools on FXOpen’s advanced TickTrader platform. Dow Theory Dow Theory is a market analysis framework that asserts markets move in trends, with each trend consisting of primary, secondary, and minor waves. Short-term traders often focus on secondary trends (lasting days to weeks) to align their trades with market direction. By recognising the phases of accumulation, public participation, and distribution, traders can better understand the market’s larger direction and time their entries. Wyckoff Theory Wyckoff Theory can be used by short-term traders for recognising and capitalising on repeatable market patterns driven by supply and demand. Through Wyckoff’s approach to price and volume analysis, traders can identify phases, which signal potential reversals or continuation trends. This allows short-term traders to time entries and exits more accurately based on market structure. Additionally, Wyckoff’s emphasis on liquidity and the role of large institutional players helps traders anticipate price movements, enabling them to make informed decisions in volatile, fast-moving markets. Elliott Wave Theory Elliott Wave Theory proposes that markets move in repetitive waves influenced by crowd psychology. For short-term traders, identifying the five-wave impulse or corrective patterns can provide context on where the market may be within a larger cycle. This analysis can assist in timing trades by aligning with the anticipated movement within a wave sequence. Developing a Flexible, Adaptive Strategy In fast-paced markets, adaptable short-term trading strategies are key for traders who want to thrive in varying conditions. A flexible approach enables traders to pivot based on volatility, volume, and market sentiment without rigidly sticking to one strategy. Scalping vs Day Trading Scalping and day trading both offer short-term opportunities, but each thrives in distinct conditions. Scalping—executing numerous quick trades for small gains—is potentially effective in high-volatility environments with tight spreads, like forex or certain tech stocks. Day trading, on the other hand, takes advantage of slightly longer holding times within a single day, allowing traders to capitalise on more substantial moves. Knowing when to switch between these approaches keeps traders prepared. Timeframe Adjustments Adapting timeframes based on volatility can improve timing. For example, traders might use 1-minute charts during high volatility and 5- or 15-minute charts when the market is steadier, allowing them to focus on potentially more reliable setups without overreacting to noise. Continuous Backtesting and Refinement An adaptive strategy relies on ongoing backtesting to identify what works in current conditions. Live adaptation is also essential—strategies might need adjustments in real time based on changing market sentiment or unexpected events. Keeping strategies flexible and adjusting as data changes help traders stay aligned with the market’s rhythm. Advanced Risk Management Techniques Effective risk management goes beyond setting a simple stop loss. For advanced traders, techniques like dynamic position sizing, trailing stops, and a nuanced grasp of win rate and risk-reward ratios are essential to navigating volatile markets. Dynamic Position Sizing Adjusting position sizes based on current market conditions allows traders to respond to volatility without overexposing their capital. For instance, in highly volatile sessions, traders may reduce position sizes to limit exposure, while in low volatility periods, they might increase them to capture larger potential gains. Trailing Stops Trailing stops protect potential gains while letting trades run. As the market moves favourably, a trailing stop gradually locks in gains, automatically adjusting to reduce risk if the trend reverses. This is especially useful for fast-paced assets where trends can shift quickly, helping traders maximise trade effectiveness without manually adjusting their exits. Win Rate and Risk-Reward Balance A high win rate isn’t always the goal; balancing it with a good risk-reward ratio is often more sustainable. For example, a trader with a 40% win rate might still see strong potential returns if their average risk-reward is 1:3. Psychological Discipline and Strategy Execution Mastering short-term trading requires more than technical skill—it’s about controlling emotions and staying disciplined under pressure. Even with a solid strategy, emotional biases like fear and greed can cloud judgement and lead to impulsive decisions. Avoiding Overtrading Overtrading often stems from frustration or the “fear of missing out.” Identifying decent shares to buy for the short term can be exciting, but it’s essential to set clear limits on daily trades. By focusing on quality setups over quantity, traders can prevent hasty, low-probability trades that erode potential gains. Sticking to the Plan A pre-set strategy is only as good as its execution. Traders can strengthen discipline by following structured routines—such as starting each session with a plan, reviewing recent trades, and assessing market conditions. Journaling each trade, including the reasoning and emotions behind it, helps reinforce the commitment to the strategy. Routine and Mindfulness Building a consistent daily routine, from meditation to pre-market preparation, can help reduce emotional swings and keep a trader’s focus sharp. Practising mindfulness helps traders stay centred, making it easier to manage emotions, avoid unplanned trades, and stay aligned with their strategic goals. The Bottom Line Skills like advanced analysis, adaptable strategies, and emotional discipline are essential to navigate stocks, forex, and cryptocurrency markets effectively. With the right tools and techniques, traders can make agile decisions in fast-moving markets. For those ready to take their trading further, opening an FXOpen account offers access to four robust trading platforms, competitive spreads, and fast execution speeds—ideal for short-term trading. FAQ What Is Short-Term Trading? Short-term trading involves buying and selling financial assets over low timeframes, typically ranging from minutes to hours. Traders aim to capitalise on rapid price movements rather than holding positions long-term. How Do Short-Term Traders Make Money? Short-term traders aim to take advantage of small price changes by timing their trades based on market trends, technical analysis, or key events. They base their strategies on quick decision-making, effective risk management, and sometimes high-frequency trading. How to Pick Good Stocks for the Short-Term? To find short-term stocks, traders look for stocks with high liquidity and volatility, as these are more likely to see meaningful price swings. Many traders focus on stocks to buy for the short term that offer recent/upcoming news or earnings reports, which tend to drive price momentum. Which Crypto to Buy for the Short-Term? High-liquidity cryptocurrencies like Bitcoin and Ethereum are popular for short-term trades due to frequent price fluctuations. However, smaller coins can also offer opportunities, but these often carry higher risks due to their volatility. Can You Make a Living From Short-Term Trading? Yes, but it’s challenging. Short-term trading requires a strong strategy, deep market knowledge, and emotional discipline. Many traders supplement their income with other sources, as consistent gains can be difficult to achieve. At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
2
TradeCityPro | FILUSDT Money Stuck in the Weekly Range Box👋 Welcome to TradeCityPro Channel! Let’s analyze another altcoin of the week amidst a market day where interest rate decisions weakened the dollar and strengthened crypto. Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin As always, we begin by looking at Bitcoin. On the 1-hour timeframe, Bitcoin has bounced off the $90,655 support and is currently sitting below the $97,343 resistance. After breaking this resistance, there’s potential for new positions. To decide whether to open a long position on Bitcoin or altcoins, we examine Bitcoin dominance. Currently, while Bitcoin is green, dominance is red. However, when the $97,434 trigger is broken, check Bitcoin dominance; if it remains bearish, Bitcoin’s movement can act as confirmation for long positions on your altcoins. 📊 Weekly Timeframe On the weekly timeframe, FIL is clearly stuck in a range, fluctuating within a box for about 900 days over two years. We’ve repeatedly discussed the importance of avoiding purchases within range boxes and instead buying with momentum. While buying at the bottom of the box might offer numerically better entries, how does the risk of capital dormancy in this immature market compare? Remember, in a market like this, coins you hold could face extreme risks, as we saw with LUNA. For exiting this coin, patience is key. If it breaks below $3.214, consider liquidating your holdings and exiting , For re-entry, the primary and ideal trigger is a breakout above $10.163. After such a major accumulation phase, breaking out of the range box can signal a significant upward movement. Look for increased volume and RSI entry as confirmations. 📈 Daily Timeframe In the daily timeframe, after exiting our accumulation zone and breaking $4.791, FIL initiated an upward trend that reached $8.082. This highlights the importance of buying with momentum, such as the “break the box” candle marked on the chart. Currently, the price has returned to $4.791, a significant support level that was previously the box's ceiling and resistance but has now turned into strong support. It also aligns with the 0.618 Fibonacci level, further emphasizing its importance. For future purchases in the daily timeframe, the best triggers are $8.082 and $11.559, in that order. A riskier trigger would be the $6.199 breakout, but this carries higher uncertainty. For exits, activating your stop-loss below $3.214 is more logical for now. After breaking $4.791, I might consider opening a futures position. ⏱ 4-Hour Timeframe On the 4-hour timeframe, it seems FIL has faked out the $4.803 support and is forming a V-pattern. This pattern will activate upon breaking $5.217. 📈 Long Position Trigger i would personally take the risk and open one after breaking $5.217, staying aligned with the move. 📉 Short Position Trigger I currently have no plans. However, if FIL gets rejected from this resistance and moves downward again with momentum and volume, I might consider a short position after breaking $4.803. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
7
Leverage Your Way to Trading SuccessGood morning traders! Today we're breaking down one of the most powerful yet misunderstood concepts in trading - leverage and margin. Think of this like the gym; leverage is your workout equipment, allowing you to lift more than you could with just your body weight. Margin, on the other hand, is like your gym membership fee; it's what you pay to access that equipment. Understanding Leverage and Margin -Leverage: In trading, leverage is about using a small amount of capital to control a much larger position. It's like using a barbell - it amplifies your strength, but if you're not careful, you can hurt yourself. -Margin: This is the initial deposit required to borrow the "barbell." It's your skin in the game, ensuring you don't just run off with the equipment without working out. The Power of Leverage -Amplified Returns: Just like lifting weights can give you bigger muscles faster, leverage can significantly increase your returns if the market moves in your favor. -Access to Bigger Plays: With leverage, you can dive into opportunities that would otherwise be out of your financial reach, like taking on a much heavier weight than you could lift solo. The Risks You Must Navigate -Magnified Losses: Here's where the gym analogy gets real - if you drop that heavy barbell, you're going to feel it. In trading, leverage can make small losses big ones if the market goes against you. -Margin Calls: If your account balance dips below the required level, it's like the gym calling you to say, "Hey, you need more money for that membership!" You either add funds or have to stop using the equipment (close positions). -The Temptation to Overdo It: Just like in the gym, where you might want to lift too much too soon, in trading, leverage can tempt you to overtrade, leading to exhaustion or injury (financial losses). How to Lift with Leverage Smartly -Set Stop-Loss Orders: This is like having a spotter in the gym. Decide beforehand how much weight (loss) you can handle before you need help (exit the trade). -Only Use What You Can Afford to Lose: Never work out with weights that could crush you if they fall. Only use leverage on money you're prepared to part with. -Know Your Limits: Understand how much margin you need to keep your positions open without getting a surprise bill from the gym. -Position Sizing: Start small, like beginning with lighter weights before moving to the heavy stuff. Even with leverage, manage your trade sizes wisely. -Keep Educating Yourself: Just as you'd learn new exercises or techniques in the gym, keep learning about markets and trading strategies. A Gym Session Example Imagine you've got $1,000 to invest, but with leverage, it's like you're trading with $10,000. If the market moves up by 5%, you're not just making a small profit; you're looking at a 50% return on your initial investment. But if it drops by 5%, you're facing a 50% loss, which could knock you out of the gym if you're not ready. Wrapping Up Leverage and margin are like your gym gear - they can make you stronger but only if used correctly. If you're struggling to understand this concept, send me a DM - more than happy to help. If this article helped you, please boost, share, and comment; I truly appreciate it. Kris/Mindbloome Exchange Trade What You See
NYSE:GMEEducation
by Mindbloome-Trading
TradeCityPro | ALGO Unraveling Trends and Forecasting the Next👋 Welcome to TradeCity Pro! In this analysis, I want to examine the ALGO coin for you. Algorand blockchain is one of the layer 1 networks. 📅 Daily Timeframe: Correction and Rest After 375% Growth In the daily timeframe, we have seen a significant price increase from $0.1085 to $0.5138. After bottoming out at $0.1085, coinciding with the breakout of Bitcoin's ATH, it started its movement and after breaking $0.1602, it began its main movement and reached the resistance at $0.5138. 📈 During this movement, due to high momentum and very high buying volume, it easily broke through the very important resistance at $0.3220. Now, after reaching $0.5138, we have entered a market correction phase. 🔍 Currently, after exiting Overbuy, its momentum has decreased and it has corrected to the 0.382 Fibonacci level, which overlaps with $0.3220. It has hit this area several times and each time it has managed to stay above this area, and this support has not yet been broken. 🔽 If $0.3220 breaks, the next areas are the 0.5, 0.618, and 0.786 Fibonacci levels, which we will see how the price reacts to. After these areas, the next supports are $0.1602 and the last support at $0.1085. A break of 41.63 in the RSI increases the likelihood of a correction occurring. 📊 If the resistance at $0.5138 is broken, the next resistance will be $0.7414. Entry of buying volume and a break of 70 in the RSI can help break $0.7414. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
7
TradeCityPro | VET: Decoding Trends & Revealing Hidden Potential👋 Welcome to TradeCity Pro! In this analysis, I will review the VET coin for you. This coin belongs to the VeChain project, one of the well-known crypto projects. 📅 Daily Timeframe: Entering the Golden Zone In the daily timeframe, we are witnessing an upward leg that, after reaching the resistance at $0.07756, has entered a correction phase and is currently moving into the Fibonacci golden zone between 0.5 and 0.618. 🔍 Previously, it seemed that price bottoming at the area of $0.04361, which coincides with the 0.5 Fibonacci level, would occur, but in today's candle, the price is moving towards the 0.618 area and has broken the 0.5 level. ✨ Additionally, the 99-day SMA is reaching the candles, and this area is also an important support zone, so the price might create an Accumulation Zone within this box. If so, the health of the upward trend is preserved, and the price can more easily prepare itself for the next leg. 🔽 If further correction occurs and this PRZ breaks, the next price support area is $0.03294, which nearly aligns with the 0.786 Fibonacci and will be the next support area for the price. Given the break of 41.96 in the RSI, if this oscillator stabilizes below this area, the likelihood of this scenario occurring increases. 🧩 The main trigger currently for a long position is the break of $0.05284, which you can enter upon in both spot and futures as you open your position on this coin. The next trigger is $0.07756, a significant resistance and supply area, and the subsequent resistance will be at $0.09855. 📉For short positions, the best trigger currently in this timeframe is the break of the Fibonacci zone. However, by moving to lower timeframes, you can find more triggers. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
6
Understanding Risk Asymmetry in a Table▮ Introduction With TradingView's new table creation feature , you can easily create and customize tables to enhance your trading analysis and presentations. In this article I'll use it to explain Risk Asymmetry . Trading involves a constant evaluation of risk and reward . One of the critical concepts that traders need to understand is risk asymmetry . This concept highlights how losses and gains are not symmetrical. In other words, the percentage gain required to recover from a loss is greater than the percentage loss itself. This article explores risk asymmetry and illustrates it with a practical example. ▮ What is Risk Asymmetry? Risk asymmetry refers to the disproportionate relationship between losses and the gains required to recover from those losses. For instance, if you lose 10% of your investment, you need to gain more than 10% to get back to your original amount. This is because the base amount has decreased after the loss. Understanding risk asymmetry is crucial for traders because it affects their risk management strategies. Knowing that larger losses require exponentially larger gains to recover can help traders make more informed decisions about their trades and risk exposure. ▮ Illustrating Risk Asymmetry To illustrate risk asymmetry, let's consider an initial investment of $1000. The table below shows the required gain to recover from various percentage losses: Explanation: - Loss (%): The percentage loss from the initial amount. - Value Lost ($): The lost monetary value from the initial amount. - Amount After Loss ($): The remaining amount after the loss. - Required Gain for Recovery (%): The percentage gain required to recover to the initial amount. This table highlights the asymmetry in trading losses and gains. As the loss percentage increases, the required gain to recover the initial amount increases disproportionately. For example, if you lose 50% of your initial amount ( $500 ), it is not enough for you to gain 50% , because the amount left after the loss is $500 , and a 50% gain on the amount of $500 is $250 , which would result in a total amount of $750 with a remaining loss of $250 ! So, the most important question is not how much can I win , but how much can I lose . Curiosity: Why 100% is not applicable (-) in this table? When you lose 100% of your investment, you have lost all your capital. Therefore, there is no remaining amount to recover from, and it is impossible to gain back to the initial amount from zero. This is why the required gain are marked as not applicable. ▮ Conclusion Understanding risk asymmetry can help traders in several ways: 1. Risk Management: traders can set stop-loss levels to limit their losses and avoid the need for large gains to recover. 2. Position Sizing: by understanding the potential impact of losses, traders can size their positions more conservatively. 3. Psychological Preparedness: knowing the challenges of recovering from significant losses can help traders maintain discipline and avoid emotional decision-making. It is one thing to lose 100% of a dollar on a casino bet; it is quite another to lose 100% of a lifetime's worth of capital. Therefore, the larger the capital at stake, the smaller the amount of money that should ideally be risked.
OANDA:SPX500USDEducation
by andre_007
5
TradeCityPro | OPUSDT Starting the Week with a Drop?👋 Welcome to TradeCityPro Channel! Let's prepare our charts during the last hours of the weekend. It’s possible we might see some movement in the coming week, which could likely be bearish. Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin As always, before starting our analysis, let’s check Bitcoin on the 1-hour timeframe. Even during this holiday, Bitcoin is still just ranging with no significant events, which makes sense as a new structure is needed. I have a feeling that the upcoming week might be red. However, I suspect this short-term bearish wave will turn out to be a fakeout, leading to a reversal back upwards. This is just one scenario, though. Personally, I might open a long position after breaking the $95,323 level, depending on Bitcoin's dominance conditions. 🕵️‍♂️ Previous Analysis In our previous OP analysis, we highlighted our spot trigger, which was after breaking $2.688. However, it was never activated. This, along with the engulfing candle, caused us to stay in the range box, fluctuating within the same zone. 📊 Weekly Timeframe In the weekly timeframe, there isn’t much need for further analysis, as our previous one still holds. However, the weekly candle closing tonight might indicate a continuation of the rejection trend and a move toward the $1.338 support. The decline in volume clearly shows that no one is trading in this market at the moment. 📈 Daily Timeframe In the daily timeframe, we’re also in a daily range box. Currently, after being rejected at $2.681 and triggering the double top with the $2.161 support break, we moved a distance equivalent to a 1:1 risk-to-reward ratio for the double top pattern. Right now, after a heavy rejection at $2.161—which was somewhat a pullback—we are at the $1.749 support. Previously, this level was the daily range box resistance, but it has now shifted and turned into support. Regarding this shift in support and resistance, let me explain a chart detail. Look at the area labeled as "old support" on the chart. This was our previous resistance, but now it has shifted to $2.681, our new resistance. This is because the future (or the right side of the chart) shows two rejections from this area, making it more significant for us. Meanwhile, the $1.749 support aligns with the 0.618 Fibonacci level when measured from the start of the wave, which holds significant importance in Fibonacci analysis. After breaking this level, we could see a move down to the $1.335 support. If you’re holding this coin, it’s recommended to cash out temporarily below $1.335 and look for reentry points in the future. After breaking $1.749, a short position could also be opened. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
8
TradeCityPro | NEARUSDT Calm before the storm👋 Welcome to TradeCityPro Channel! Let's go to a day when financial markets are closed and update one of our previously analyzed altcoins, NEAR, and find new triggers together. Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin Before starting our analysis, as always, let’s check Bitcoin in the 1-hour timeframe, where the candles have become significantly smaller, the range of our fluctuations has narrowed, and the 1-hour candles now show 0.2% fluctuations. This observation, along with our hourly volume, indicates that there is practically no movement, and no one is deciding to trade. For now, it’s better not to make any decisions and just observe the market from a distance. However, this doesn’t mean abandoning the market entirely and coming back to the chart only after the market moves. 🕵️‍♂️ Previous Analysis In our previous analysis uploaded to the channel last month in the weekly timeframe, it can be said that almost nothing has happened. Our spot entry triggers were not activated, and we were simply rejected from the $8.289 resistance, fluctuating within the $3.73 to $8.28 range. 📊 Weekly Timeframe In the weekly timeframe, as we said, nothing special has happened to our chart. Currently, we are simply ranging within the weekly box, and breaking the support or resistance of this box can result in a sharp move. This week's weekly candle has one day left to close, and if it stays like this, it will engulf the previous two candles, suggesting that we are moving towards the $3.73 support. 📈 Daily Timeframe In the daily timeframe, we are also in a smaller box than our main box, ranging between $4.88 and $6.05, where it might range for a while. On the other hand, the $6.057 resistance can be considered a risky but promising trigger for spot buying, considering that the resistance at the top of the box, or $8.289, is likely to be broken sharply and whale-like. For exiting this coin, I currently suggest doing so below $3.544. Personally, after breaking $4.883, I prefer to open futures positions rather than sell my spot coins. If you pay attention to the $4.883 support, it is the 0.618 Fibonacci level, which is highly significant for our trend. If we rise from this level and break the $6.057 resistance, we can start a good upward move. ⏱ 4-Hour Timeframe In the 4-hour timeframe, after being rejected from the $6.058 resistance and printing a red candle, we moved back towards the $4.914 support. Currently, it can be said that we are stuck in a box ranging between $4.914 and $5.156. 📉 Short Position Trigger our trigger is entirely clear, and after breaking $4.914, we can open a short position, targeting $4.5 and $4.05. 📈 Long Position Trigger however, currently, both the volume is very low, and the chart has a very bearish vibe. But if we continue ranging in this short-term box and the sellers lose strength, staying here for a long time, or faking the $4.914 support, after breaking $5.156, we can open a long position—but with a small stop loss and quick profit-taking. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
13
TradeCityPro | ATOMUSDT NFP Report Explanation👋 Welcome to TradeCityPro Channel! Today, as the NFP news comes out, I want to provide an explanation about this report and analyze today’s altcoin, which I frequently use for futures positions. The U.S. Non-Farm Payroll (NFP) report was released today, Friday, January 10, 2025. According to this report, 256,000 jobs were created in December, exceeding the forecast of 164,000. The unemployment rate also dropped from 4.2% to 4.1%. This strong data indicates a continued improvement in the U.S. job market and may push the Federal Reserve to continue its tight monetary policies. As a result, the U.S. dollar strengthened, and interest in high-risk assets like cryptocurrencies decreased. After the release of this report, the cryptocurrency market reacted , Bitcoin initially rose to $95,827 but then dropped back to $95,760. 🌐 Overview Bitcoin Before starting today’s analysis, let’s look at Bitcoin in the 1-hour timeframe. It has been almost lifeless since last night, with very small and weak upward candles. With the announcement of the news, it experienced a volatile candle within a small range. Currently, it is below the $95,753 trigger level. With this event, Bitcoin dominance continues to move weakly upward. If this continues and the market declines, altcoins will experience sharper declines. However, if Bitcoin rises, it is better to open a long position on Bitcoin or an altcoin paired positively with Bitcoin. 📊 Weekly Timeframe In the weekly timeframe, this coin rebounded from the $3.789 support with an engulfing candle and made a relatively good upward move, reaching the $10.149 resistance. This led to a rejection from entering the overbought zone. Like most altcoins, no significant movement has occurred, and it has been range-bound within its box for a long time. The topic of stagnant funds is also relevant here. For re-entry in spot trading, you can buy after breaking $10.149, and if you miss that, after breaking $15.738. If you are holding this coin, the logical exit point in the weekly timeframe remains below $3.789. 📈 Daily Timeframe In the daily timeframe, it has performed better than other altcoins. After breaking the $4.923 resistance, which was the top of its daily range, it made a good move up to $10. Currently, while most coins have returned to their previous daily range boxes, ATOM is on a support level one step higher than the $4.923 support. After being rejected from $10.451, it formed lower highs and lower lows. The last rejection was from the $7.447 resistance, leading to a lower high than $10.451 and making this resistance more significant. If $6.115 breaks, we will see both lower highs and lower lows, and the price will move past the 0.618 Fibonacci support level, possibly reaching $4.923. For a re-entry, conditions are similar to AVAX. After breaking $7.447, you can enter with a stop-loss at $6.115. For a more secure entry, wait for $10.451 to break, or look for reactions at lower levels. However, if $6.115 does not break and the price stays in this daily range for a longer time, the $7.447 resistance will become more significant. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
12
Risk Management in Trading: Keeping It Simple and Stress-FreeIf you're new to trading, you’ve probably heard the golden rule: “Don’t risk more than 1-2% of your account on a single trade.” Sounds easy, right? But let’s be real—trading is way more than just crunching numbers. Let’s Break It Down 1. Don’t Bet the Grocery Money! 🍎 First things first: Never trade with money you can’t afford to lose. Imagine this—your rent is due next week, but instead of saving, you decide to trade all that cash because you’re feeling lucky. Spoiler alert: That’s not luck—it’s a one-way ticket to Stress City. When you trade money you can’t afford to lose, every market wobble feels like the end of the world. Keep your bills paid and your pantry stocked before you even think about trading. Example: Think of trading like buying lottery tickets. You wouldn’t spend your entire paycheck hoping to hit the jackpot, right? (Well, I hope not!) Treat your trading account the same way. 2. Discipline > Math 🧠 Sure, knowing the 1% rule is cool, but what really matters is sticking to it. Here’s the thing: Losing streaks happen to everyone—even pros. The question is, how many losses in a row can you handle without losing your cool and going all-in on a “revenge trade”? Example: Think of it like a diet. You promise to eat just one cookie, but after a bad day, you eat the whole pack. The same thing happens in trading if you’re not disciplined. One bad trade can lead to a whole bunch of bad decisions. 3. Trading Won’t Pay Your Bills (At Least Not Yet) 💸 Many people dream of quitting their job to trade full-time. Sounds great, but here’s the catch: You need a lot of money to make trading your main income source. The trader in the video suggests keeping a day job while learning the ropes. That way, you’re not relying on trading profits to survive. Example: Imagine opening a lemonade stand, but you only have two lemons. You can’t expect to make enough lemonade to pay rent! Work on growing your “lemon supply” (your trading skills and capital) before you go all-in. 4. Watch Your Trade Count 🕒 Making too many trades in one day is like eating too much junk food—it might feel good at first, but it’ll cost you later. Even small risks add up quickly when you’re overtrading. The pros call this “death by a thousand cuts.” Example: If you take 10 trades in a day, risking 1% each, you’re suddenly risking 10%. That’s like ordering 10 desserts because “they’re just tiny.” Spoiler: It adds up fast. 5. Learn from Poker Players 🎲 Ever watched poker pros on TV? They don’t bet everything on one hand—they manage their “bankroll” carefully, so they don’t lose it all. The same idea works in trading. Lower your position size when things aren’t going well so you can stay in the game. Pro Tip: Want a fun exercise? Use poker chips or fake money to practice “betting” on trades. Seeing your stack shrink will remind you why managing losses is so important. Simple but Powerful Lessons Build a Safety Net: Before you think about trading full-time, save up enough money to cover your expenses for a few months. This way, you can trade without freaking out over every dollar. Learn a Backup Skill: Trading takes time to master. While you’re learning, keep a steady job to support yourself financially. Focus on the Process, Not the Profits: Winning traders don’t obsess over the money—they focus on following their strategy and improving their skills. A Few Quotes to Keep in Mind “Risk management isn’t about numbers; it’s about discipline.” “If losing money makes you panic, you’re trading too much.” “Turn off the profit and loss display—focus on making good trades.” Final Thought: Keep It Chill Trading is like a marathon, not a sprint. Take your time, stick to your plan, and never risk more than you’re comfortable losing. If you approach it with patience and discipline, you’ll not only survive but thrive in the markets. Now, go grab a coffee (or lemonade) and plan your next trade with confidence! ☕🍋 Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
1