Data from @10x_Research shows that buying $BTC 3 days before the Chinese New Year and selling $BTC 10 days after the Chinese New Year results in an average return of +11%. ...
PAYOUT RECORD GIVEAWAY
In honour of @BrightFunded's incredible PAYOUT RECORD PROMOTION, we are hosting a giveaway! BrightFunded has the tightest Spreads and the best trading conditions.
3 x $10,00 GIVEAWAY
1. Follow @BrightFunded@cryptolala
2. Like & RT
3. Tag 2 friends
🎉 GIVEAWAY 🎉
Giving away 3 x 6m @Chroma_Trading membership ($1200 value 💸💸) to celebrate 70k
Just like, repost, follow @follis_ and comment with your favourite ticker to trade
Winners announced end of week, good luck ❤️🙏
How to trade Range Breakouts - a quick thread
As always, these were presented in a 2 hour long session in @Chroma_Trading where I was able to explain all the nuances of this model and also give more tips on how to use it profitably and consistently
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How to Trade mXmX - a quick thread
The @Chroma_Trading members got early access to these + an 1 hour long VC where I explained all these concepts thoroughly, taught people how to trade the setup, answered all possible questions and even backtested this strategy live 🩷
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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
You asked, we listened.
Introducing LunarCrush Trade. 🥳
Trade off insights from millions of conversations happening across social.
➡️ https://t.co/Ye6YvohFao
$BTC
GM Legends ☕️
Price had a late push in the hour leading up to midnight & now trades above the weekly/daily open.
As covered in BTC report last night the H4 FVG is drawing price higher as we approach the midline/EQ of the upper range.
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🏆$500 GIVEAWAY🏆
Today marks 5 years of The Nest. It's special! So, first time ever, from Dec 28th, you can get even 1 year premium calls FOR FREE. To celebrate this joint offer, I'll give away $500 in $BTC to 5 lucky winners. To win:
👊 Like
👊 Retweet
👊 Comment "5" now!