If you can participate in the market long enough while preserving your capital, you will generate enormous wealth just by doing it.
Capital preservation is your utmost priority
-Removes all stress
-Prevents Total Loss
Premise- Most and even the best traders are right only 45-50% of the time. IT IS A GIVEN that a trade will go wrong 50% of more times.
How do we ensure profitability and survival even after being wrong so often? This is explained below.
Your aim is to survive with ease even when you're wrong.
This will be done through Risk Management.
Risk management will reduce all trading stress and prevent losing the capital.
You want to get rich without stress.
If you don't manage risk, YOU WILL GO BANKRUPT, for sure.
I've shared my Masterclass on risk management.
It's common sense, not rocket science. Follow it. Every time.
I personally have blown my accounts because of not following risk management. It's simple math, no risk management = Full Rekt
Part C- Learning to Trade
Trading can only be learnt by doing it.
You can read 100s of books on playing basketball but you won't truly learn it till you play.
As much as you can. Trade more. More frequently and let the market give you a feedback.
Participate in the market, let it give you feedback, be flexible with your opinions. Enter only when you have a Trading Trident established.
The more you play, the better you get.
Be sure to enter only on a Trading trident. Be sure to follow risk management and EXIT as soon as you find any reversal or invalidation.
Repeat this a million times and that's all you need.
Conclusion.
1. Enter a trade only when you have the trading Trident in place. Entry. Stop Loss and Exit.
2. Follow the rules of Risk management to avoid any fear of losing capital. NO RISK MANAGEMENT = SURE FAILURE. GUARANTEED .
Risk management = No fear.
3. Learn to trade from beginner to advanced here. This is all you need. and participate in the market.
4. Trade more. Trade as often as you can. Let the market give you live feedback on your technique. The more frequently you trade, the more you learn.t.me/EmperorbtcTA/2…
I hope you found the above thread useful.
Please share it if you found it useful.
Remember.
Trading Trident + Risk Management +More frequent trading is all you need.
We will learn "High Probability Entry" setups in the next thread.
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1. Visible Range OI Delta Profile on @coinalyzetool
Shows where traders are entering and exiting. Use this like VPVR.
Use this indicator on LTF to identify trading levels in a trending market.
In range, use this to scalp on either side as target when price deviates.
2. Aggregate OI:
Having net open interest across all trading pairs is very useful.
Sometimes, one exchange will market enter large long positions while there is no action or selling action on other exchange. This filters out misinterpretation of that data to a large extent.
Understanding some trading Analysis can be difficult because of Complicated Terms.
Must Know Trading Principles and Terms for Trading and Analysis.
A Thread.
P. S. I will keep Updating this List.
This is the thread of most important trading Concepts and Terminologies you should know to Understand and do your own Analysis.
Consider it the language of trading.
I have added links to important tutorials along side Explanation.
1. MSB - Market Structure Break.
Break of Lower Low formed in Previous impulse = Bearish MSB.
If Lower Low is Broken, consider it a Bearish MSB.
Remember, Lower High formation isn't a MSB, but Lower Low Break =MSB.