Recognizing trends in the market must be so simple. Impossible to screw this up, right? Well, it couldn't be further from the truth. It's very difficult as the trends are fractals - they are self-complex. Recognizing them is a skill. Here's something I got to aid. Hope it helps🧡
Speaking of trends, let's not forget about volatility. It can be measured in different ways as it corresponds with the probability or money in danger. Indicators such as ATR help control the risk to avoid devastating losses. The FOMC meeting may liquidate many traders tomorrow...
... And to avoid the devastating losses and liquidations tomorrow, you'd need a concise trading system. A well-composed system defines the markets, entries, exits, stop-losses, tactics, and position sizing. Having those in place can save you from extreme ruin. Use this for help!
Then, in money management, it's essential to adjust for the risk. More volatile assets need a smaller position size, as the odds of losing money are greater, most of the time. The popular 2% risk rule really works. Learn more, unlock 24/7 trading help now👉bit.ly/3oyspPi
In trading, it is always about the disparity between the traders' imagined expectations and the reality. The bigger the disparity, the greater the price shock result.
What many traders forget is they trade their precious time for profits, or more often - losses. The opportunity cost for endless hours spent at charts (leads to analysis paralysis anyway) is huge. You can't make it back. Save your time wisely with scanner: bit.ly/3PI60uX
The RRG is an extremely valuable tool I use. It visualizes the processes behind the sector rotation. Based on the relative strength, and relative momentum of certain stock sectors against the S&P 500, it reveals portfolio management tips.
Next months, winning traders will 10X their portfolios, while others get completely rekt, staring at generational rallies from the sidelines. These 12 market tips will make sure you don't get left behind.
Thread🧵
1/ Risk disclaimer:
In this thread, I will combine several charting techniques, chart pattern studies, fundamental factors, and seasonal records of cryptos.
The future is uncertain. Profits are not guaranteed. Losses are inevitable.
Ready? Let's rock👇
2/ Focus on the facts, not opinions.
The seasonal intermarket context remains favorable, with a 95-98.8% chance of 2023 (pre-election year) closing higher than opened.
The Best 6 Months (for S&P 500) and The Best 8 Months (for Nasdaq) started in November.
If you think $BTC is in the bear market, I've got bad news for you. These 12 undeniable reasons will change your mind before you get rekt🧵👇
Risk disclaimer:
In this thread, I will combine several charting techniques, chart pattern studies, fundamental factors, and seasonal records of #Bitcoin.
The future is uncertain. Profits are not guaranteed. Losses are inevitable.
Ready? Let's get it started👇
1/ Focus on the facts, not opinions.
Facts are certain, and opinions are wrong - most of the time.
Relying on the existing phenomena maintained over decades is a better way to make money trading financial markets than trying to win the lottery by guessing the future.