The state of the Euro
Tips for crypto traders
90% is the Traders Don't make a Profit.
— Emperor👑 (@EmperorBTC) August 24, 2022
Here are 7 things I wish I knew when I started trading to be in the 1% sooner.
A Thread. pic.twitter.com/yi0VGheErh
1. Blaming the market maker for your loses won't help.
— Emperor👑 (@EmperorBTC) August 24, 2022
Believing that the institutions are some evil trying to hunt your stops isn't going to help.
Retail hardly makes 5% of the total volume. Market is just seeking a fair value.
Take responsibility, stop the blame. pic.twitter.com/xDMF72g6iQ
2. Make your strategy to fit your lifestyle and mentality, not fit your lifestyle as per the strategy.
— Emperor👑 (@EmperorBTC) August 24, 2022
How often, how much, what time frame you trade should depend on your ability to monitor the market.
I made the mistake of being an investor when I wanted to be a trader. pic.twitter.com/XMYxL5JRkc
3. If you don't enjoy trading even after a few years, don't do it.
— Emperor👑 (@EmperorBTC) August 24, 2022
You can't be good at something you don't enjoy even after spending years at it.
Life is long, choose other professions that makes you happy.
I was loss making for a long time but always enjoyed trading.
4. Trading is most rewarding profession in the history of capitalism but it's a slow one.
— Emperor👑 (@EmperorBTC) August 24, 2022
You can make multi millions but don't aim to make it with one trade.
Trade small. Trade a lot. Make small bets. Small Profits. Small risks.
Small is big, over a period of time. pic.twitter.com/BTo2p7hm2r
5. If you don't constantly adapt, use new info, you'll fail.
— Emperor👑 (@EmperorBTC) August 24, 2022
Markets learn new edge very fast.
What's groundbreaking today will be common knowledge tomorrow.
Your secrets will be found by the MM and used to fill the spread.
Be ready to lose your edge and sharpen another one.
