patience is key 🔑 #trading #livetrading ...

Educational Resources & Community - Offers educational resources including a beginner trading masterclass [1] - Provides access to a free trading discord community [1] Trading Platforms & Tools - Recommends charting software (TradingView) [1] - Lists several exchanges for trading: Blofin, Bybit, and Phemex [1] - Provides access to trading tools via Instagram direct message [1] Risk Disclosure & Disclaimer - Emphasizes that the content is for entertainment purposes only and not financial or investment advice [1] - Discloses affiliate commissions received from links and products [1] - Warns that futures and crypto trading are highly risky and may result in losses exceeding initial investment [1] - Advises using risk capital and considering financial security before trading [1] - States that past performance does not guarantee future performance and encourages assessing risks [1]

Something that I'm looking for is a break of a level and either a retest on the opposite side or a sweep and then a reversal in price action to move up. We got that sweep underneath that low and then we got a whiplash reversal and that produced a pretty juicy fair value gap candle. So, this diamond indicator indicated a fair value gap in a good period of time.But either way, we have our buy side inefficiency. So, I was just looking to take a quick entry into here, play my stop loss a little bit wider undern ...

All right. So, I was debating between going for a Solana long and an Ethereum long, and I ended up just taking both of them. So, I'm going to go ahead and reduce my Solana position to break even.So, I have a risk-free trade out of Soul on that one. Pushing up higher now on ETH here. really really good trades. ...

So hoping to get a push underneath these lows in which case I think the market can sort of continue to sell off here. So, I took that trade off here. Maybe we continue moving down lower, but just time to be. ...

Market Volatility - The market opened in New York, anticipating volatility [1] - A quick stop-out from a trade occurred, resulting in a contained loss [1] Trading Strategy - The strategy involved hoping a level would hold and flip off a trend level [1] - A stop-loss was in place to manage risk [1]

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Trading Psychology & Mindset - The trading industry emphasizes identifying and addressing personal mental flaws, as traits that lead to success in other fields can be detrimental in trading [1] - The industry aims to rewire the brain to think differently from the majority to achieve profitability in the top 5-10% of market participants [1] - The trading industry highlights the importance of not focusing on money directly, but rather letting it be a result of adhering to a well-defined process [46] Strategy & Methodology - The trading industry suggests keeping trading strategies simple, focusing on a core set of variables to minimize emotional decision-making [2] - The industry recommends focusing on trading one asset, one strategy, and one timeframe to achieve mastery through repetition [3] - The trading industry advocates for backtesting strategies using historical data to determine expectancy before deploying real capital [27] Risk Management & Performance Measurement - The trading industry stresses the necessity of measuring trading results to identify flaws and make data-driven decisions for improvement [5][6] - The industry emphasizes the importance of understanding and calculating expectancy (positive expectancy) to determine the profitability of a trading model [13][14] - The trading industry advises setting a daily loss limit to protect capital and prevent emotional trading decisions [34] - The industry warns against taking profits too early, as it can negatively impact expectancy and overall profitability [42]

Trading Strategy - The trader initially considered reducing risk after a $1,600 gain, but decided to let the trade breathe in anticipation of further momentum [1] - The trader aimed for a 1 to 4 risk-reward ratio, waiting for the price to potentially touch a specific support area [1] - The trader locked in $1,300 and left half the position open, hedging against the possibility of the price not fully breaking a certain level [2] - The trader then locked in at least a 4.6% gain, targeting a specific area before taking the trade off the table [2] Risk Management - The trader identified a critical low level and a potential support area, indicating key points for risk assessment [1] - The trader actively managed the position by locking in profits at different stages, demonstrating a proactive approach to risk mitigation [2]

Why Is Bitcoin Selling Off Right Now? #btc ...