Becoming a Day Trader - Interview and Introduction to Bitcoin DeFi Products, by MickeyMaler Bitcoin DeFi blockchain
To fight these demons and get rid of them for good, avoid these pitfalls and give yourself a point for each successful and flawlessly executed trade. You are cured when you have five positive points at each of these. However, If you collect ten bad points for a single item mentioned below and you cannot stop, you are probably doomed to be a non-trader.
Currently, I trade crypto using Elliott Wave , Price Action combined with some basic Candlestick knowledge, and some Moving Average strategies. Then also, don't try to make each day a trading day. Sometimes you can observe the market and not make a single trade since the stars don't align in your favor. Never trade when you don't have an edge.
Then, of course, learn to anticipate, not participate. Stop chasing pumps or the moves that are already on the go - good traders don't trade because something is moving. Your time to enter this was 5 minutes ago. You can jump into a trade for a quick grab and go, but if you stay in it, you are just sacrificing your capital for somebody else's success. Do the opposite. Start laughing at the chart and be glad that it is going so well without you.
Exactly. You need to love what you do and be ok with doing it on your own. Only then can you do it for endless hours and still feel full of life and motivation.Well, it's just like any other person's day except for the fact that I don't drive to work. I walk across the hall to my office. I wake up at 5 in the morning, take a shower and get to the charts, watch pre-market for stocks, and check my overnight holds for crypto.
Decentralized finance is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.
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