CRYPTO MARKET WIZARDS (@cryptomwizards) 's Twitter Profile
CRYPTO MARKET WIZARDS

@cryptomwizards

| Technical Trader | Learn to stay ahead of the Crypto Markets or be left behind!

ID: 1388990330092019713

calendar_today02-05-2021 22:54:52

3,3K Tweet

10,10K Followers

139 Following

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Markets are dynamic and change. A particular system or trading system may not apply always. Knowing early when to adjust/tweak to a strategy based on market feedback is a process every trader needs to be conscious off.

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Santa is in town folks... who wants a Money-Making #crypto trading setup for Xmas? 😂 I was sent a DM with an altered display pic. I'm liking it. Credit to @SinbadTrading. Shall I change it?

Santa is in town folks... who wants a Money-Making #crypto trading setup for Xmas? 😂 

I was sent a DM with an altered display pic. I'm liking it. Credit to @SinbadTrading. 

Shall I change it?
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Good. That’s being in the zone my friend. My SLs vary according to the type of setup & timeframe. Book on precision? There’s none. Just experience, understanding context (market sentiment, market structure etc.) knowing price gravitate towards liquidity especially in #crypto

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True success in the markets is not about having a big year or profiting in a bull market. It's about longevity; surviving the bear markets and performing over time. #crypto #BTC

True success in the markets is not about having a big year or profiting in a bull market. It's about longevity; surviving the bear markets and performing over time. 
#crypto #BTC
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Worth Pondering: At the end of 2017 bull run $BTC had a blow-off top and sharp bottom toward end of 2018. At end of 2021 $BTC completed a rounded double top. Will the bottom this time follow its top formation. A rounded bottom rather than a sharp capitulation wick?

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Avoid casual trading! Casual trading is poorly planned trades or trades that are not planned at all. It's an unorganized approach that attempts to include an unlimited set of market variables, which do not allow you to find out what works on a consistent basis & what does not.

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It does not matter how fast you make money. What matters is whether you are able to hold on to it and grow it steadily over a period of time. Wishing you all a wonderful New Year and hope it brings you many blessings! ❤️

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Are you done with your cute new years celebration? Now on to a serious topic. Have you mentally designed what your life should be in 2023? Have you intentionally planned in detail all the specifics? If not, then I command you to do so now. Otherwise, mediocrity awaits you.

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You start with expectations of making millions. Year 1 is bad Year 2-3 is better Years 4-5 is exceptional Years 6-7 you're managing a sizeable portfolio Trading is a journey. Act accordingly.

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One trade can wipe out your trading account. One trade can damage your confidence. One trade can ruin your mindset. Risk management is such an undervalued trading skill.

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My 5 principles of trading 1. Plan your trades in advance 2. Trade only high probability setups 3. Set take profit targets; lock-in gains 4. Trade with a stop loss; minimize losses 5. Never add to a losing trade

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To eliminate greed --> Follow your rules To eliminate rage --> Focus on the next trade To eliminate anxiety --> Reduce your position size To eliminate fear of losing --> Think in probabilities Master the right mindset for successful trading.

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If you're getting stopped repeatedly it's because: 1. Your stop is placed in an area of liquidity 2. You’ve misread market context/structure 3. Stops are too tight for that setup Widening your stops can affect your R:R but taking optimal trades will allow for tighter stops.

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Trading is a gradual process... - Time will make you gain skills - Mistakes will make you a better trader - Experience will make you understand markets Trading is a process of self-discovery.

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Your current struggles are the cornerstone for tomorrow’s success. These struggles are important and required for your improvement as a trader and as a person. Learn from it. Study it. Embrace it!