I Trade and Hodl Crypto. Yes, it's high risk, high reward but always use good money management and enjoy the journey too! Tweets are NOT financial advice.
@profit8lue 38.7k was a good call, I would have suggested 38.6k myself but that still would have been stopped out. You weren't in the wrong, the market does what the market does. People have to accept that, I do and I'm a better trader for it. Some people need to blame others.Keep it up mate
@luckychartape Exactly! Position size for the amount you're prepared to risk, as in the stop loss. The x value of leverage is irrelevant and in no way refers the amount of profit.
This is what I've been looking at since the end of Feb. Nice short taken on 1st March. Bear pennant with possible more moves to the downside, maybe after one more little pump. Just my thoughts folks...
1/ I have achieved almost everything that I set out to achieve in life and I'm not even 30 yet
This isn't a brag, this is a warning to young people just getting started in crypto: you don't really want to "make it" - what you want to do is turn making it into a perpetual process
@SJosephBurns I use quite a few patterns regularly but more could be useful. I've seen you good some great advice out so I'm going to buy this book, cheers Steve 🍻
@SJosephBurns As a Chelsea fan myself, it will be sad to see him go. He's one of only a few that actually care about the club and is a true fan. Rather than looking at it just as a business.
@shaistalat@profit8lue That's not correct mate. With good risk management, you only have to be right 50% of the time and still make money. Always make sure your take profit is 2:1, as in twice your stop loss amount.