Facts Fever | Business Mindset
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🔦FACTS that will make you go crazy.
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🟥 Common mistakes made by beginner traders and how to avoid them 👇

♦️Overtrading - Limit the number of trades per day.

♦️Lack of a trading plan - Develop a strategy and stick to it.

♦️Failure to use stop-loss orders - Always use a stop loss.

♦️Risking too much capital - Don't risk more than you can afford.

♦️Trading on emotions - Keep emotions in check.

♦️Chasing losses - Don't try to make up for losses by overtrading.
6
Why 90% of Traders Lose ?

*️⃣Risk management is the most important in this game because it keeps you alive, keeps your account fresh during bad market conditions.

*️⃣Learn risk management first to understand how to protect your capital first of all and then learn a strategy.

*️⃣Buying signals and expecting overnight succes could be bad for your trading journey, don't expect anything from anybody and start to be your signal generator.

*️⃣Trading business its not getting rich overnight, its getting rich for sure on a long term basis. Don't expect succes overnight its not gonna happen i promise you.
4
What is Hardware Wallet?

Hardware Wallet is a physical cold storage electronic device that stores the private keys of a user in a secure hardware wallet device in such a way that these keys can never export from the device in any situation.

Hardware wallet keeps your private key secure into the device and it signs the transaction offline.

You have to use the device every-time whenever you wanted to do any bitcoin transaction from the hardware wallet so no one can steal your funds without having the device itself.

All the operations of the transaction occurred securely on the device. The Hardware wallet device only broadcasts the signed transaction hash publicly.
2
WHAT IS BLOCKCHAIN?

👉 Blockchain is a technology that stores information about every transaction.

👉 The blockchain is a public ledger of all transactions within the network, kind of like a bank account statement, which can be used to see all the different transactions that have ever happened on that particular cryptocurrency. This means you can see whether or not money was sent or received by an account, and how much.

👉 Blockchain provides people with an alternative way to send and receive money without the need for banks.
Educational Post📕

How To Succeed In Your Trading

1️⃣ Focus on one single trading strategy:

Any strategy is not going to have a 100% win rate, so first you should attempt at getting 50% of your trades right. After that mastering a 2:1 Reward to risk ratio is what will make you profitable.

2️⃣ Approach the market from a neutral position:

Emotions in trading can be one of your greatest enemies as it can lead you to failure even after your success. Those emotions will make you believe you are better than the markets, or that you can outsmart them, ultimately leading your successful trade to turn into a failure.

3️⃣ Risk management:

Yes, I know you have heard it and read it a thousand times already, but you have no idea how important risk management is until the day you master it and recognise it was the single greatest thing holding you back from success.
2
💡 Technical Analysis Tips 💡

Not all trendlines have to be build using higher highs and lower lows. Some work perfectly as a trend direction and parallel channel middle line. The more bounces it has the more important it is for the chart (not stronger, but important). Also pay attention to volume - it should increase at line cross or bounce zones, confirming the line.

Example - look at blue trendline that worked as SR through all the way MCO made up, before BTC cracked it down.

Breakdown of trendline started fast dump. In combination with horizontal SR line crossover price movement increase exponentially.
Buy Zone explained 🖥

Buy zone is very important in trading and especially in crypto trading - one of the most volatiles markets out there.

Buy zone is generated by closely observation of Technical Analysis with different tools over period of time.

Entering in buy zone secures your money, when no buy zone is mentioned, always track the coin movement yourself before jumping in.

Buy zone secures you wont trigger your stop loss (explained in other post up in the channel) and ensures the hold of the coin without getting in panic sell.

Almost never buy outside the buy zone ‼️
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Trading Lesson

A lot of youngsters trying to approach trading with a fixed daily income approach. Their aim is to earn a fixed percentage every day. This looks very easy on paper but is not a good strategy.

Eg. Their approach is trying to get a 1% return every day. So a capital of $100,000 USD should earn you $1000 every day, assuming 1% would be easy to earn with leverage.

Reasons this will fail:

The forex trade is highly volatile and if you don't use a stop loss, the market sometimes dumps in double figures.

You will miss big profits just for just 1% (missing a good breakout)

Over-trading will lead to emotional and mental stress.
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Starting small is a smart move! Your journey resonates with many.

Focusing on these 5️⃣ things can be a game-changer for beginners:


➡️Smart Planning: A well-thought-out financial plan is your anchor. Never go all in; it's about consistent progress.

➡️Focus & Specialization: Master a few instruments. Understand them deeply; quality over quantity wins the race.

➡️Volatility Awareness: Opt for stable assets. High volume, steady growth assets are your allies; avoid wild fluctuations.

➡️Timeframes Matter: Embrace higher timeframes. Avoid the frenzy of scalping. Patience pays off, quite literally!

➡️Embrace Losses: It's part of the game. Plan your losses in real money, not just percentages. It's about survival and strategic growth.

🚌 Remember, trading is a journey.

📕 Let's learn and grow together.
1
Bullish engulfing candles are typically found at the end of trends and show that bulls have assumed control of a market. As you can see, the bullish engulfing candlestick quite literally consumes the preceding candle in terms of size.

Everything in the exact opposite is true for a bearish engulfing pattern. A red and vicious candle that consumes all of the previous bullishness and reminds traders of gravity.
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News that moves markets. Signals that move your wallet.
A candlestick chart is a combination of multiple candles a trader uses to anticipate the price movement in any market. In other words, a candlestick chart is a technical tool that gives traders a complete visual representation of how the price of an asset has moved over a given period.

The candlestick chart is a crucial price action tool that shows detailed information about price, including the open, close, high and low for a particular time frame. Still, it’s confusing when compared side-by-side with a bar chart.
2
Educational Post📕

SECRETS OF PROFITABLE DAY TRADING

There are a few secrets that every trader should know about. These secrets will greatly improve your trading and relieve you of unnecessary stress.

1️⃣ Don't trade below 1H: During the day, the trader uses setups that will often give false signals on small timeframes, which will make trading nervous and unprofitable.

On H1 timeframes and above, setups are processed much better and there will not be as many false signals as on small timeframes.

2️⃣ Don't make too many trades: Even if you think that intraday trading involves a large number of transactions, this does not mean that you need to open transactions often.

Each trade should be entered after the setup signal, don't open trades just because you feel like it.

3️⃣ Risks: The old risk rule still works and works well. Do not risk more than 1% of your capital on each trade. This rule applies most to beginners. Experienced traders can deviate from this rule and risk a little more.
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CHART PATTERNS 📊
5
Study_Guide_for_Technical_Analysis_Explained_by_Martin_J_Pring_z.pdf
3 MB
Ultimate study Guide for Technical analysis explained.
Why 90% of Traders Lose ?

*️⃣Risk management is the most important in this game because it keeps you alive, keeps your account fresh during bad market conditions.

*️⃣Learn risk management first to understand how to protect your capital first of all and then learn a strategy.

*️⃣Buying signals and expecting overnight succes could be bad for your trading journey, don't expect anything from anybody and start to be your signal generator.

*️⃣Trading business its not getting rich overnight, its getting rich for sure on a long term basis. Don't expect succes overnight its not gonna happen i promise you.
💡 Technical Analysis Tips 💡

Not all trendlines have to be build using higher highs and lower lows. Some work perfectly as a trend direction and parallel channel middle line. The more bounces it has the more important it is for the chart (not stronger, but important). Also pay attention to volume - it should increase at line cross or bounce zones, confirming the line.

Example - look at blue trendline that worked as SR through all the way MCO made up, before BTC cracked it down.

Breakdown of trendline started fast dump. In combination with horizontal SR line crossover price movement increase exponentially.
3
Starting small is a smart move! Your journey resonates with many.

Focusing on these 5️⃣ things can be a game-changer for beginners:


➡️Smart Planning: A well-thought-out financial plan is your anchor. Never go all in; it's about consistent progress.

➡️Focus & Specialization: Master a few instruments. Understand them deeply; quality over quantity wins the race.

➡️Volatility Awareness: Opt for stable assets. High volume, steady growth assets are your allies; avoid wild fluctuations.

➡️Timeframes Matter: Embrace higher timeframes. Avoid the frenzy of scalping. Patience pays off, quite literally!

➡️Embrace Losses: It's part of the game. Plan your losses in real money, not just percentages. It's about survival and strategic growth.

🚌 Remember, trading is a journey.

📕 Let's learn and grow together.
1