Merry Christmas everyone, wishing you all the best and sending love to you and your loved ones🙏🎊
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Hello team, please follow me on Twitter and turn on notifications to see my latest updates and trades. This one is running 7% in our favor with the TP almost being hit last night. See you on the next one🎯
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don't risk a lot, market has more room for a drop. Very good risk to reward so I am taking it but risking only a small amount of capital
My long term holdings are split as follows:
80% in crypto assets and 20% cash.
Cash is split to 70% ready to buy a dip if we see one (it will probably come soon otherwise market will push again, it's in strong bullish momentum and dips are for buying now) and 30% for trading.
80% in crypto assets and 20% cash.
Cash is split to 70% ready to buy a dip if we see one (it will probably come soon otherwise market will push again, it's in strong bullish momentum and dips are for buying now) and 30% for trading.
Do NOT trade if you are not confident enough and psychologically prepared to see a position move against you or losing part of your money.
Only trade with money immaterial to you. But what do you mean immaterial?, money are money. Correct! Immaterial is the amount your brain can still function unbiased instead of panicking and acting on emotion. i.e. it's the amount lost that you are not gonna spend the next days thinking about it all day. You will just shrug your shoulders like you don't care and move on.
That's the amount you need to risk and no matter how small it is, that's your amount, your own personal amount and you should start with that and increase slowly slowly as you feel more and more confident. Small risk, small gain. True but, only if you start small you will succeed in trading. Trading is a psychology game more than anything else. You can do the best Technical analysis and have the best algos but as long as you ruin your plan because you were scared, you are done, you can't trade. Go back and lower the amount until you feel that no matter of the outcome(win or lose) you will still be ok, mentally and financially.
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Currently on the below trade, market is giving a re-entry for all those you want to give it a try. Market is definitely bullish but after a long push, we will probably see a retrace and then further continuation.