BtCusdt took me out yesterday, funny guy I would recover my penny back πΉβ .
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BTc is actually in bullish direction...most people will try to sell in coming week and will cry wolf, stay positioned for BTc long guys.
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GM GM if you are seeing this!.
Hype Directional Bias for the week,
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Last week Hypeusdt successfully cleared the SSL with a mitigation....our target entry for this week is to enter at the body close of SSL high with a target to the downside...those trading hype what's your bias for the week?.
GM GM β¨
As a trader if you cannot spot the inducement in your setup you become the inducement to fuel the market. Never ever take trades at zones of inducement βΌοΈ. Trading is sweet when you understand your directional bias and who and who is getting trapped. GM if you are seeing thisβ¨
@Drop0ut001@ShibbaInuLord But if you risk all of your account once with higher leverage a small move against you will wipe your account but with lower amount of your account...high chances you will still be safe ... understood now ?.
@Drop0ut001@ShibbaInuLord That's why you wear most of the time, they will say risk 1% of total account or 5%.
In position sizing, you risk lower part of your account with most of the time higher leverage!. Most of the time, you are still safe !.
@Drop0ut001@ShibbaInuLord The more you eat the beans gradually, the more you avoid choking!.
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No back to trading, if I have 1000 dollars and probably I want to be at a very safe edge I won't just throw all the 1k dollars into the market just once, I will throw it bit by bit, pieces by pieces...
@Drop0ut001@ShibbaInuLord Position sizing is just like someone who bought a full plate of beans ...but the person cannot swallow the whole plate of beans at once to avoid choking...so they starts to use spoon to eat piece by piece of beans in the plates until it finishes,
Above all, you need some level of patience for this to play out,if you are someone who always rushes into taking trades without understanding the bias behind your entry ...you must learn that patience at all cost π.
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Patience is a fundamental part of trading, follow for more.
If you understand market structure plus inducement very well you are already on the edge of profitability in trading!.
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Market structure is very important in mapping out directional bias in trading, zone of target liquidity...who is being trapped etc.
FOLLOW ME CLOSELY on how I caught this trade on Hype!.
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H4 gave me my directional bias, I refined my entry on 45 mins T.F, Inducement+ supply zone present.
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Also entering with Body of supply zone β β . Once you see it, you can't unseen it at all β β β !.