3. If you like something else, just study those. There are too many resources like insiliconot and Adam' free stuff.
Things to MUST Follow.
1. Must Follow Risk Management on all trades. Read my guide on Risk Management here and Drill it in your head. DON'T PROCEEED WITHOUT THIS.
2. WAIT FOR AN ENTRY. If you're not waiting for an entry, you're nor trading.
Yoire a lion. Wait for your prey.
If you don't understand anything, Google it.
If you still don't understand it, just move on to the next topic.
Remember, you don't need too many tools. I can't tell you which tools are the best but choose the easiest one, and stick to it.
Now.
Do 100 trades. Any high liquid pair.
Any time frame. I don't care.
Wait for an entry. Known where the invalidation is and set 3 Level Take Profits.
To be set at the next 3 resistance.
Example.
If you think that 41K, 42K and 43K are resistances, set your Take Profits in some ratio at those levels.
Eg. 30-30-40%
Remember.
1. Ask youself 10 times before entering. There is no rush. 2. The same opportunities will come tomorrow, so it's stupid to rush. 4. The same R:R can exist the next hour's price level, so don't rush. 5. DO NOT RUSH.
Follow the Above.
1. Do 100 trades in total. Slowly with the easiest tools. Journal it. 2. Don't rush entry. 3. Mark TP and SL. 4. Don't risk more than 1-3%. 5. Let the trade play out. Forget about it.
And see where you stand in 3 months.
No Paid Groups. Your own Analysis.
This was a no nonsense guide to starting trading.
I have not said anything new or shared anything amazing.
This is common sense but sometimes we just need a Push.
Be the Push you want to see in this world.
SHARE this and make your friends do it too.
I will check on you guys in 3 months and see how many of you actually did it.
No Paper trades. Study. And start with a small sum to get skin in the game.
Let's Go 🚀🚀
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Some Changes I would make to my trading if I started again.
1. A few winning trades is a myth. Don't Listen to stupid influencers who keep telling you that you just need a few winning trades. You can't 2x your portfolio by risking it all in one trade and then assume you'll keep doing the same forever.
You need to risk small or maybe higher if you're very sure about the trade with higher conviction.
Higher risk has always blown portfolios. Anyone telling you otherwise is selling a course for a living.
Small risks, many trades. If you're really sure or early or have insider info about a trade, then can skew the risk higher.
2. For swing trading, nothing is more important than market structure and people make losses because they don't want to believe the market structure or keep holding onto a losing trade, even when they can see a different market structure.
Market Structure is there for a reason, use it, study it and believe in it.
3. You can't me use the same mindset, data and zones for different types of trading.
Each type of trading, Scalping, swing or investment is to be done in different time scales and you need a different zone and need to ignore a few zones for different time length of trading.
A Mega Thread for All Major Altcoins and how to trade them.
Book Mark and Study for your trades.
BNB
Since our last update, we flipped the 0.0093 resistance level, now forming a new range
Expecting a small range against BTC here before continuation higher.
Suggestion - Hold on to bottom entries if you bought with me around $500.
SOL
Tricky situation, if we hold range high we just flipped, I expect to reach $170 soon
Bidding region would be under $135 sweep based on BTC chart.
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.