9 Rules of Effective Money Management in Trading
1. Choose the correct position size.
The basic rule is one: don't forget to minimize your risk and correctly calculate position size in every deal.
For example, you can invest all initial capital in one trade. But why? After all, you can never be sure, that particular deal is guaranteed to bring profit. Many...
The profitability of cryptocurrencies over a long period is very attractive. So why just not invest in cryptocurrencies according to the <> strategy and keep them a couple of years? 🤔
💥It's hardly possible to give an unequivocal answer to that question, since everyone has their own strategy, psychology, and risk appetite.💥
👍🏻 Some arguments in favor of trading:...
Now is the time, when many newcomers enter the market, why I consider it's important to repeat some of my previous posts.
And of course "Repetition is the mother of learning"😉
Indeed, the Internet are full of different advertisements, that making money can be easy and effortless on the Crypto market, but that's not true.
Now I'm ashamed to admit, but...
Hello! Traders professional growth involves going through several stages.
Let's talk more about them.
🔥1. Unconscious incompetence
💡 randomly opens and completes transactions without a specific trading system;
💡 doesn't care about risk management;
💡 often changes the direction of trade on the spot, following the price;
💡 keeps afloat only for small...
Hi guys, as I promised, this post is about Fibonacci Levels for YOU!🧡
Leonardo Fibonacci is a great mathematician who lived in the XI century. The scientist deduced a number of natural numbers, which later began to bear his name.
Each number in the series was the sum of the two previous numbers: 1 + 1 = 2; 1 + 2 = 3; 2 + 3 = 5 etc.
The result is a series of...
Hello, my dear friends! As I promised, today we are talking about Wedges Patterns!
Link on a good view👇🏻
Wedges are some of the main classical figures in technical analysis . There are two types of wedges:
- Rising Wedge pattern - both sides of the figure are directed up;
- Falling Wedge pattern - both sides of the figure are directed down.
✔A rising...
What are Motivation and Engagement in trading? 🧐
What are Motivation and Engagement in trading?
Motivation is defined here as the energy, drive, interest, and inclination to learn and achieve goals.
Engagement is defined here as the behaviours following from this energy, drive, interest, and inclination. Motivation and engagement are desirable ends in...
Hello, my lovely friends!!!💓
🔥Today I have something spesial for you today! 🔥 That's Holy Grail Trading System !!!
By “Grail” in trading we mean a unique trading system, that can continuously generate profits.
According to the legend of the Holy Grail, those who drink from this cup receive immortality.
The idea of this scheme is simple. Only by applying...
Welcome friends!💋 What's more important to you: Discipline or Motivation?
Today we'll talk about it.😊
There are two main ways to force yourself to do something:
⚡ the first, most popular, is try to motivate yourself;
⚡ the second, less popular, is to develop self - discipline.
What's the difference?🧐
Motivation is based on the erroneous assumption, that...
My dear - dear Friends, probably one of the biggest reasons, newbies come to the crypto market is quick and easy profits.
Indeed, the Internet are full of different advertisements, that making money can be easy and effortless on the Crypto market, but that's not true.
Now I'm ashamed to admit, but ones, I came here for the same reason.🤦🏻♀️ And like many...
How to use moving averages!!!
A moving average is used to help us forecast future prices and help us identify a trend. By looking at the slope of the moving average, we can better determine the potential direction of market prices 📈
There are two types of moving averages✌🏼
🔵Simple MA
🔴Exponential MA
With the use of SMAs we can identify if a pair is...
Hello, friends!💋 It occurred me write a very useful post for you! 💪🏻
❗❗The trader's activity is filled with daily stresses, worries and psychological stress. At the same time, most traders do not pay due attention to maintaining their health.❗❗
Reasons for Careless Traders' Health
💥Belief in the magical power of money. 💥
When you just start the path to...
Hello friends!
Have you ever felt tired of what you have been doing for a long time? Wild desire to quit this and forget about it forever?
I've experienced this a hundred times. What helped me?
- recreation
- discipline
- motivation.
I wrote earlier a post about <>. If you have a desire, search for the hashtag #rocketbombmotivation .
On the screen, you see...
Hello, my dear friends!💋
⭐Psychological knowledge is basis for starts trading.
Probably, you have heard, that among of traders, only 5% are successful.
🧐And what about the remaining 95%? These 95% make up the usual crowd, which was grew up like everyone else.
Therefore, many of you are "like everyone else."
And you will act “like everyone else” in the...
Something about 🧱 Fundamental analysis 🧱
If You have any questions - I'm waiting for You in the comments)
Stay in touch with me💋
Always sincere with You🧡
Your Rocket Bomb🚀💣
Hello! 🌞Motivation is very important for all people!
If You need a portion of motivation - click here 👉🏻 #RocketbombMotivation 😉
Let's become more successful together💋
Always in touch with you🧡
Sincerely Your Rocket Bomb🚀💣
Welcome, guys! 😊Today I wanna talk with you about our feelings and emotions!
Fear of falling prices provokes a sell, and the opportunity to lose chance to make monney leads to an unreasonable buy.💥
⚡Such pernicious emotion like greed is a manifestation of the trader’s arrogance and his thirst for a good income as soon as possible, which also...
Hi guys. 💋Well, let's continue develop ourselves???💪🏻
Ok, now let's start from the few words about theory of cycles💪🏻
🌀The theory of cycles is more developed at the theoretical than at the practical level, and deals with cyclical fluctuations not only in prices, but also in natural phenomena in general. Almost all methods of technical analysis fit into this...
