thegreatsidy

Part-time crypto trader | Riding the waves 🌊💰 | Passionate about blockchain tech & investment strategies | Turning spare moments into gains! 🚀
#CryptoTrader

[thegreatsidy @SilverFoxOfM31]

You gotta play BIG to get BIG.

[thegreatsidy @SilverFoxOfM31]

Great read!

[Motif @TraderMotif]

RISK MANAGEMENT AND EXPECTED VALUE

There are many factors you have to consider when facing a trade opportunity. One of the key things to consider is the risk/reward ratio.

Quite often you’ll get a setup but the RR isn’t valid. Beginner traders will see the setup and take it anyway. They do this by placing their risk/reward ratio onto the market rather than letting the market decide for them.

The market will give you what it wants not what you want from it.

An example of this would be a target that is 5% away from your entry and a SL that is 7% away from your entry. That target isn’t good enough for you so you raise the target to suit your needs/wants despite there being a key level at that initial 5% target. The only way you can raise your target is by knowing the odds of price moving beyond that point. Without that, you’re placing your needs/wants onto a market that potentially won’t reward you.

The reason you may want to avoid setups with a poor risk/reward ratio is because of something called expected value.

Expected value is the sum of both the risk/reward ratio and the win rate of your system. If you have a win rate of 80%, a low risk/reward ratio is ok but if you have a win rate of say less than 50%, the RR needs to be greater.

To know if a setup is worth taking you need to know your win rate and the average R overtime that your system provides. This will help make better decisions in regards to risk management, a fundamental part of your system.

You also need a system that actually works in the first place but the magic comes in the form of a well oiled risk management system driving it forward over time.

A flawed risk management system is quite often the missing piece to a profitable trading system. It’s where most of my tweaking is done. A swing here or there can make a massive difference over the long term.

If the risk/reward isn’t there, pass on the trade. There is another more favourable opportunity around the corner.

[Elon Musk @elonmusk]

This will be a spicy year

[thegreatsidy @SilverFoxOfM31]

That is how you ride the WORM

[Persiantrader @dapersiantrader]

Update: $30k to $1M in two weeks 💪

[Rekt Fencer @rektfencer]

◻️ How to find New Listings:

➢ Go to https://t.co/ySCfPiobpd
➢ Click on "New pairs"
➢ Click on "Filters"
➢ Choose the chain
➢ Click on "Apply"

Monitor this tab as new coins have more potential than those that have been trading for several weeks.

[Rekt Fencer @rektfencer]

The longer the narrative in the Top Gainers, the stronger it becomes.

E.g. You could see many tokens "wif hat", or presidential memecoins gaining traction.

That's why you should keep an eye on newly listed pairs to identify trending memecoins right after they are listed.

[Rekt Fencer @rektfencer]

Start with pre-analysis:

➢ Go to https://t.co/Z4gwu3LYvN
➢ Look for trending narratives, tickers, or memes
➢ Analyze why they are gaining momentum
➢ Identify potential catalysts and signs of strength

This approach will help you grasp the current memecoin market.

[Luke Belmar 👽 @lukebelmar]

Compound small wins. Dont lose momentum!

[John @CryptoGodJohn]

I met a crypto OG last night who runs a successful crypto hedge fund

He showed me a wallet that he owns with $2B in crypto in it

What the fuckkkk

[Zer0 🕊️ @degengambleh]

Here's some perspective.

Play level to level all you want

But don't miss the forest for the trees

[Luke Belmar 👽 @lukebelmar]

Work harder or stay broke.
Either way it's gonna be hard.

[Byzantine General @ByzGeneral]

> Sell all of our ETH.
> Tell Gary to drop the ETF FUD.
> Tell Gary to drop the security FUD.
> Hit em with the headlines.
> The plebs will panic sell.
> We buy up ALL the coins.
> Force the SEC to lose every case.
> Approve the ETF.

Thanks for playing.

[thegreatsidy @SilverFoxOfM31]

Yk what it means

[Whale Alert @whale_alert]

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (999,565,000 USD) minted at Tether Treasury

https://t.co/SOpjlboLRc

[Ritesh @Ritesh_Trades]

September 6 2021 :

I had the biggest win in leverage position i vividly remember! Was drunk and donated like 2k$ worth of subs in a stream . I was feeling I am genius. Was screenshoting that 6 figure pnl and showing it to my gf . Yeah I closed it in profit . Opened couple other positions the next day and the rest is nightmare history. 40% of my crypto networth wiped out in that nuke . I don't remember my wins much . But I never forget my losses and down days !

Never forget ! There is always a bigger fish smarter than you no matter how much you make . It's all about keeping it . Whenever you feel like you are a genius just humble yourself by looking at the past self or else market will humble you

[Inmortal @inmortalcrypto]

At this point people don't want price to go up they NEED the price to go up.

Let me tell you something.

There is still bullmarket left, but -40% dips and flushes are part of the game. Be careful.

[CMM @CoinMarketMan]

Don't let a winning trade go to your head.

Don't let a losing trade crush your soul.

You’re a trader, not a guru.

[thegreatsidy @SilverFoxOfM31]

@WolfWifBallz CryptoCapo_ wif $BALLZ

[thegreatsidy @SilverFoxOfM31]

@WolfWifBallz @CryptoCapo_ wif $BALLZ

[Wolf Wif 🥚🥚 @WolfWifBallz]

GM wif $BALLZ

[Girl Gone Crypto @girlgone_crypto]

guy raises $10m and accidentally burns all the tokens

welcome to crypto in 2024 🙈