Rocco Gill

Wake up everyday with a mission to fulfill💪

[zerohedge @zerohedge]

Geoengineers Want Boeing 777s To Dump Sulfur Into The Sky, Risking Acid Rain Catastrophe: Study https://t.co/SdvZ4oWOHU

[Rocco Gill @RoccoGill4]

@BoucherNicolas FCA

[Koroush AK @KoroushAK]

Profitable trading comes down to this:

-Wait for your setup
-Wait some more
-If your setup appears, take the trade
-If not, keep waiting

Most of the time, "no trade" will be the best trade to take.

[Trading Composure @TradingComposur]

The day you plant the seed is not the day you eat the fruit.

Be patient.

[Rocco Gill @RoccoGill4]

Wow! What an incredible year 2023 has been… achieved a lot. Maybe been one of my best years ever. Let’s see what 2024 brings us. Wishing you all a Happy New Year 🎆

#NewYear

[Rocco Gill @RoccoGill4]

@AlpacaAurelius Is coconut fat any good?

[Rocco Gill @RoccoGill4]

As winter is nearing and nothing to do outside, it’s time to start working on my projects full time! Lets get it💪
#winter #deepwork

[Rocco Gill @RoccoGill4]

@thomas_fahrer What comes around goes around

[Rocco Gill @RoccoGill4]

@BitPaine Why sell it if you can use it as collateral?😎

[Rocco Gill @RoccoGill4]

@osmosiszone @nomicbtc How is this native BTC😂

[Rocco Gill @RoccoGill4]

Have a nice weekend everyone💥

[Rocco Gill @RoccoGill4]

I wish I knew this before… risk management is the key… amazing @KoroushAK

[Koroush AK @KoroushAK]

Position Sizing, Leverage and Risk

You will never become a profitable trader if you don't learn these concepts.

Please read this carefully.

(Reply if you have any questions, will respond for the next hour)

1. Total Risk

This is the total loss you will allow before you stop trading with a strategy.

Are you okay losing 30% of your capital? What about 50%?

Know your risk tolerance before you start trading any strategy.

2. Risk Per Trade

Lot’s of misconceptions around this.

Low Risk: 0.5%
Medium Risk: 1%-1.5%
High Risk: 1.5%-2%
Very High Risk: 2%-3%
Degen territory: 3%-5%
Gambling: 5%+

Lower than you thought right?

If you’re trading for 3+ years, at some point you WILL lose 10 trades in a row.

At 5% risk that’s ~50% of your portfolio…

When you understand what it takes to recover from drawdowns you realise this is completely unacceptable

3. Position Sizing

To size your positions you need to know 3 things.

Your account size, your risk per trade and the distance of your stop loss.

Position size = (account size * risk per trade) / (distance to stop loss)

See the below example

Position Size Cheat Sheet
Position size = (account size * risk per trade) / (distance to stop loss)

If account size is $10000
Risk per trade is 1%
Distance to stop loss is 10%
Position size = (10000*1%)/(10%) = $1000

4. Leverage

Leverage is very misunderstood. It's an essential tool for crypto traders.

Leverage is a tool that can change the size of a position. That's it, use all the same calculations as above.

Here's an example:

If account size is $10000
Risk per trade is 1%
Distance to stop loss is 0.5%
Position size = (10000*1%)/(0.5%) = $20000

$20,000 is bigger than your total account size so you can use leverage to reach this.

And you know it's okay because your risk per trade is still 1%.

Once you understand this, you can start using leverage to keep less money on exchanges.

Instead of putting all your money on the exchange, keep it in cold storage and just use leverage.

PDF cheat sheet released on my telegram.
Link in bio --> @koroushak

[Rocco Gill @RoccoGill4]

A real eye opener🤫

[Luke Belmar 👽 @lukebelmar]

My fellow glitch,

In our tireless pursuit of success, we've covered the importance of positioning yourself for victory, getting noticed, providing value, mastering financial literacy, building a powerful network, and acquiring income-producing skills.

But underlying all these elements is a timeless principle you must grasp to unleash your full entrepreneurial potential: the Law of Cause and Effect.

This law is simple yet profoundly powerful. It states that for every effect, there is a specific cause. Similarly, for every cause, there is a specific effect. It's a universal law validated time and time again through history, science, and human achievement.

Many great thinkers and scientists have built upon this law. Sir Isaac Newton, in his third law of motion, stated, "For every action, there is an equal and opposite reaction." The great philosopher Aristotle spoke of causality as the fundamental cornerstone of rational thinking.

More recently, successful entrepreneurs like Warren Buffet attribute their success to understanding cause and effect, often citing it as "risk and reward" but its all the same things just worded differently.

How does this apply to you as an entrepreneur? Your every action in business is a 'cause' set in motion. Every product you launch, every deal you make, every relationship you build will produce an 'effect.'

The key to mastering life lies in understanding the causality chains in your endeavours. Predict the effects of your actions, and you'll possess the power to produce the results you desire. If you can predict the outcome of the chain effect of your actions then you can’t be stopped

For instance, investing in your skills (cause) will yield mastery and financial gain (effect). Networking with the right people (cause) will offer opportunities and partnerships (effect). The list goes on, but the principle remains the same. In the world of business, those who understand the Law of Cause and Effect rule the rest.

To truly embrace this law, you must make it a part of your daily thinking. Before undertaking any venture, ask yourself, "What will be the effect of this cause?" This habit of thought will serve as your guiding light, making the path to success clear and actionable.

Your mastery of the Law of Cause and Effect will set you apart as an entrepreneur. It will enable you to predict outcomes, mitigate risks, and seize opportunities, transforming you from an aspiring entrepreneur into a powerhouse of effectiveness.

Take this knowledge to heart. Understand that the universe operates through predictable laws, and one of the most predictable is the Law of Cause and Effect.

To excel as an entrepreneur, you must align your actions with these unalterable principles.

Take a moment today to analyse your business or your future entrepreneurial endeavour. Identify the causes and anticipate the effects.

The future belongs to those who understand this fundamental law, you must arm yourself with this wisdom and build the future that your actions will create.

Tomorrow I will share a law with you that was promulgated for hundreds of years yet few understand the deep intricacies of to everyone who whitelisted for Capital Club

Chat soon

[Rocco Gill @RoccoGill4]

Every cent counts 💪

[Bitcoin Archive @BitcoinArchive]

Until #Bitcoin makes a new ATH 😅 https://t.co/3o1tDUkRcx

[Rocco Gill @RoccoGill4]

@CoinDesk @godbole17 The only way is long term🫡

[Rocco Gill @RoccoGill4]

@TheBlock__ And you called it decentralised😂

[Rocco Gill @RoccoGill4]

@UmarBzv Batman?😂

[Rocco Gill @RoccoGill4]

@Sinnaig 😂😂

[Jocko Willink @jockowillink]

Write it down. Do it. Repeat.