Stop Trading Crypto the Wrong Way!

in Tron Fan Clubyesterday

We all trade with the hope of making a profit. But how many of us can trade the right way? We constantly make mistakes. There are many trading strategies or methods. But each one has a different method. There is a very simple method that has changed everything for me.

To be honest, if I review my current situation, I can see that I could lose more than seventy percent of my trades because I was chasing the pump and panicking and selling every dip. One small shift has completely changed my results and taken my win rate from thirty percent to sixty-five percent.

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You don’t need dozens of indicators. All you need is a clear and disciplined mindset. However, if we can follow some right decisions or rules, we can reduce our losses by a lot. But for that, we need to follow a certain path and follow the right rules. Here are three steps that have made the difference for me:

  1. Trade signals, not the fear of losing. Ignore the noise and focus on one or two reliable signals. For me, that’s the four-hour RSI crossover.

  2. Think in terms of strategy, not fixed profit targets. Instead of aiming for a specific number, I use a trailing stop loss so I can stay on winning trades longer. That’s how a small twenty dollar profit turns into two hundred in one go.

  3. Risk only money you can afford to lose. When you trade with money that is tied up in bills or obligations, you make panicked decisions. When you only risk what you can afford to lose, you stay calm and execute without fear.

This is not magic. It’s just a mindset shift that completely changed how I trade.

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Upvoted! Thank you for supporting witness @jswit.

It is a great post of Stop Trading Crypto the Wrong Way!

This is really an eye opener if you will ask me. A lot of us are actually trading crypto the wrong way and most especially it is because we did not really see the need to learn it the right way