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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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.