For example, you have a long trade where entry is at 100, stop loss at 95 and target at 110. This trade has risk-reward of 1:2 which is not bad but just by getting your entry at 99, your risk-reward on that trade will change to 1:2.75. Getting it at 98 and you’ll be in a trade with 1:4 risk-reward.
The stop loss and target are still the same but a little bit better entry made overal trade way better. By doing this, you’re not cheating on your rules but hoping to see a little bit deeper correction that would fill out your trade.
There will be times you will miss the trade doing this but that is not going to make you a loss which is the main point. I would rather have less trades with better RR than more trades with worse RR having in mind that I will be exposed more to the market and risk to be caught if liquidity spike and get huge slippage.
I hope this helps.
For more tips, you can consider joining Premium Channel where you get an entire guide written by me and my trade setups. If you’re interested, contact @CryptoSignalsAdmin
The stop loss and target are still the same but a little bit better entry made overal trade way better. By doing this, you’re not cheating on your rules but hoping to see a little bit deeper correction that would fill out your trade.
There will be times you will miss the trade doing this but that is not going to make you a loss which is the main point. I would rather have less trades with better RR than more trades with worse RR having in mind that I will be exposed more to the market and risk to be caught if liquidity spike and get huge slippage.
I hope this helps.
For more tips, you can consider joining Premium Channel where you get an entire guide written by me and my trade setups. If you’re interested, contact @CryptoSignalsAdmin
Does the success rate of your trades matter?
We saw people claiming to have an accuracy rate of 90% and above.
Is it possible to have an accuracy rate that high?
Yes, but if your stop loss is 10-20 times wider than your target. You can open long trade on Bitcoin at $9950, put stop loss at $9000 and target at $10 000 and your accuracy rate will be 90%+
You will win 9 out of 10 trades.
The problem happens when a losing trade happens and you look all your profits vanish and turn into a loss.
THE ACCURACY RATE OF YOUR TRADES DOES NOT MATTER.
What you should be asking yourself is one simple question: Is it important for you to be right most of the time?
If you cannot stomach being wrong, not only in trading but in life, then high risk-reward trades are not for you because you will mostly book your profit too soon and leave too much on the table.
What you should focus on is risk-reward between 1:1 to max 1:2 and if you manage to get accuracy above 50%, you will be profitable.
If you’re the type of person who has no problem being wrong and can stomach that, your focus should be setups with high risk-reward and with the only accuracy just above 25-30% you can be very profitable and that 1 winning trade out of 3 or 4 trades.
Not everyone is the same!
Try to figure out who you are as a person, what suits you and trade accordingly.
Out of 100 profitable traders, most likely you won’t find 2 trades with the same strategy, risk-reward preferences, trade management rules.
But what most of them have in common is trading the system that suits them. If they like more frequent trades, they will focus on day trading. There are thousands of successful day traders.
On the other side, there are thousands of successful traders who focus on general trends and trade with it (swing traders) and they’re doing great.
Find yourself and stop trying to copy someone else. Look for a mentor that gives you tools so you can use to make your own craft. Don't try to copy everything because you'll end up trading the system you don't understand or don't have stomach and mental strength to follow.
Trading is hard by default so don't make it harder doing something you're not for.
If you want to be right most of the time, focus on trades with lower risk-reward so you will have more winners overall. On the other side, if you want to benefit from big moves and don't care too much of being right, then try high risk-reward trades.
Either one you choose, you still need to follow trade setups rules and you can't be opening trades randomly.
We saw people claiming to have an accuracy rate of 90% and above.
Is it possible to have an accuracy rate that high?
Yes, but if your stop loss is 10-20 times wider than your target. You can open long trade on Bitcoin at $9950, put stop loss at $9000 and target at $10 000 and your accuracy rate will be 90%+
You will win 9 out of 10 trades.
The problem happens when a losing trade happens and you look all your profits vanish and turn into a loss.
THE ACCURACY RATE OF YOUR TRADES DOES NOT MATTER.
What you should be asking yourself is one simple question: Is it important for you to be right most of the time?
If you cannot stomach being wrong, not only in trading but in life, then high risk-reward trades are not for you because you will mostly book your profit too soon and leave too much on the table.
What you should focus on is risk-reward between 1:1 to max 1:2 and if you manage to get accuracy above 50%, you will be profitable.
If you’re the type of person who has no problem being wrong and can stomach that, your focus should be setups with high risk-reward and with the only accuracy just above 25-30% you can be very profitable and that 1 winning trade out of 3 or 4 trades.
Not everyone is the same!
Try to figure out who you are as a person, what suits you and trade accordingly.
Out of 100 profitable traders, most likely you won’t find 2 trades with the same strategy, risk-reward preferences, trade management rules.
But what most of them have in common is trading the system that suits them. If they like more frequent trades, they will focus on day trading. There are thousands of successful day traders.
On the other side, there are thousands of successful traders who focus on general trends and trade with it (swing traders) and they’re doing great.
Find yourself and stop trying to copy someone else. Look for a mentor that gives you tools so you can use to make your own craft. Don't try to copy everything because you'll end up trading the system you don't understand or don't have stomach and mental strength to follow.
Trading is hard by default so don't make it harder doing something you're not for.
If you want to be right most of the time, focus on trades with lower risk-reward so you will have more winners overall. On the other side, if you want to benefit from big moves and don't care too much of being right, then try high risk-reward trades.
Either one you choose, you still need to follow trade setups rules and you can't be opening trades randomly.
NWC token making a run again!
$NWC token formed a bull flag while accumulating from its previous all time high made with a new big partnership with KuCoin Exchange. The BSVP indicates that we are in the oversold area as we reached the strong support zone which is bound to repel the price up.
They just revealed a new partnership while NWC token hard staking on Kucoin filled up in minutes showing huge interest from traders on the token. If they continue with this pace we can assume a strong support fort his cryptocurrency. #sponsored
$NWC token formed a bull flag while accumulating from its previous all time high made with a new big partnership with KuCoin Exchange. The BSVP indicates that we are in the oversold area as we reached the strong support zone which is bound to repel the price up.
They just revealed a new partnership while NWC token hard staking on Kucoin filled up in minutes showing huge interest from traders on the token. If they continue with this pace we can assume a strong support fort his cryptocurrency. #sponsored
I looked at a Bitcoin chart for 2 minutes and those are 2 minutes of my life that I can never get back.
Boredom is a terrible reason to trade.
If there’s no obvious setup, don’t force a trade. If it’s not obvious in the first 5 minutes of observing a chart, trying to force a trade in most cases doesn’t end up in the best way.
Boredom is a terrible reason to trade.
If there’s no obvious setup, don’t force a trade. If it’s not obvious in the first 5 minutes of observing a chart, trying to force a trade in most cases doesn’t end up in the best way.
Crypto Signals via @vote
What’s your opinion on Bitcoin?
anonymous poll
I’m bearish – 180
👍👍👍👍👍👍👍 45%
I’m bullish – 157
👍👍👍👍👍👍 39%
I’m neutral – 62
👍👍 16%
👥 399 people voted so far.
anonymous poll
I’m bearish – 180
👍👍👍👍👍👍👍 45%
I’m bullish – 157
👍👍👍👍👍👍 39%
I’m neutral – 62
👍👍 16%
👥 399 people voted so far.
Whenever there’s a move on Bitcoin, I look at it on a higher timeframe to see if it’s causing a change in the structure or not because that’s what I use to see if there ann opportunity for trend continuation and the trade with that direction.
In this case, Bitcoin is still trapped inside this area and yesterday’s move up did nothing but tested the mid point of that range (TP1).
Bitcoin seems to wait for the next big fundamentals to cause the break from this range in either direction.
Yesterday’s move up was fuelled up by rumor about PayPal starting to allow their customers to buy Bitcoin directly.
If that becomes available, it will be huge for Bitcoin and so many people will firstly get in touch with Bitcoin and have easy access to buy it.
In this case, Bitcoin is still trapped inside this area and yesterday’s move up did nothing but tested the mid point of that range (TP1).
Bitcoin seems to wait for the next big fundamentals to cause the break from this range in either direction.
Yesterday’s move up was fuelled up by rumor about PayPal starting to allow their customers to buy Bitcoin directly.
If that becomes available, it will be huge for Bitcoin and so many people will firstly get in touch with Bitcoin and have easy access to buy it.
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The channel is providing trading on hundreds of assets and optimal trading conditions on all platforms
- Highly experienced in cryptocurreny
- Most profitable and highly accurate trades
- Fully transparent
The Bull is the special channel running by professional analysts. He knows what to buy and what to sell and... WHEN!
100% make sure to check them out 🔥
https://news.1rj.ru/str/thebull_crypto
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After Bitcoin reached our short trade target shared in our Premium channel, it’s time to look for next trade setup.
Since it didn’t give the proper entry point, I ended up with small short position which happened to premium members as well.
Some of them also missed the entry which is pretty fine and that happens as well but the problem no one has the courage to talk about missed trades, bad picks, failures and so on.
Trading is not what 99% people is advertising to you because all they want is you sending them the money and that’s it.
That’s why they will nnever share losing trade, missed trade or anything that will ruin their reputation. And those things are inevitable part of trading journey 🤷♂️.
Anyway, on to the next trade setup looking for another great risk to reward trade.
If you want to be part of my Premium Channel, reach out to @CryptoSignalsAdmin.
Since it didn’t give the proper entry point, I ended up with small short position which happened to premium members as well.
Some of them also missed the entry which is pretty fine and that happens as well but the problem no one has the courage to talk about missed trades, bad picks, failures and so on.
Trading is not what 99% people is advertising to you because all they want is you sending them the money and that’s it.
That’s why they will nnever share losing trade, missed trade or anything that will ruin their reputation. And those things are inevitable part of trading journey 🤷♂️.
Anyway, on to the next trade setup looking for another great risk to reward trade.
If you want to be part of my Premium Channel, reach out to @CryptoSignalsAdmin.
Forwarded from Crypto Signals Premium Channel
Even though higher timeframes are flat and there are no signs of bigger moves which will happen sooner or later, on lower timeframes this is what I’m looking for.
Short trade entry at the retest of the TP1 that we would hold to low 9k area (possibly even lower depending on how it unfolds).
Short trade entry at the retest of the TP1 that we would hold to low 9k area (possibly even lower depending on how it unfolds).
Big move on Bitcoin is right behind the corner.
One of the biggest contract expiration is coming in less than 24h which will definitely be a trigger for next market move.
Everything can happen, move up or down.
I give move down a little bit more chances because of world fundamentals and correlation with other markets.
Coronavirus news is heating up again and next wave seems to be right behind the corner.
One of the biggest contract expiration is coming in less than 24h which will definitely be a trigger for next market move.
Everything can happen, move up or down.
I give move down a little bit more chances because of world fundamentals and correlation with other markets.
Coronavirus news is heating up again and next wave seems to be right behind the corner.
Be careful if you are opening longs right now because if Bitcoin loses support in this blue area, we can see a quick move below $8k right to the support.
This range worked many times and people used to it so I’m pretty sure the end is close, the question is just in which direction.
Currently, it looks bearish and a move down is expected.
This range worked many times and people used to it so I’m pretty sure the end is close, the question is just in which direction.
Currently, it looks bearish and a move down is expected.
Ethereum sits at support but if you decide to long, do it with very, very tight stop loss because downside potential is huge.
ETH can drop $50 and nothing will drastically change if it bounces back above $200.
Be aware of the risk because if you place a wide stop loss, due to a huge amount of longs, it can be executed way, way lower and instead of risking 2-3% of your account you can lose 2-3 times of that risk.
Be careful!
ETH can drop $50 and nothing will drastically change if it bounces back above $200.
Be aware of the risk because if you place a wide stop loss, due to a huge amount of longs, it can be executed way, way lower and instead of risking 2-3% of your account you can lose 2-3 times of that risk.
Be careful!
Crypto Signals via @vote
Bitcoin is …
anonymous poll
Bearish – 190
👍👍👍👍👍👍👍 44%
Bullish – 153
👍👍👍👍👍👍 35%
I have no idea – 88
👍👍👍 20%
👥 431 people voted so far.
anonymous poll
Bearish – 190
👍👍👍👍👍👍👍 44%
Bullish – 153
👍👍👍👍👍👍 35%
I have no idea – 88
👍👍👍 20%
👥 431 people voted so far.