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BTC Back to Extreme Fear! What's Next?GM crypto bro's, this morning, the fear and greed index is back at 20 (extreme fear) while the stoch RSI remains in the oversold area. Yesterday's candle only reached 57,751; I thought it would go up to 58K, but it didn't. Currently, BTC has the potential to correct to around the 53K area first, then pump to our initial target of 58K. But as always, the market is unpredictable. I mentioned the potential correction to 53K before 58K, but it could pump strongly to 58K and then drop to 53K-52K. That's the excitement of the market, so always stay alert, crypto bro's. Like always, keep in mind the market is dynamic. Don't be FOMO, stay safe, keep calm, and always remember that nothing is impossible in the crypto market. Anything can happen. Always manage your risks, and as always, that's all for today's crypto update. I'm Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
[EDU] Why Risking 5-10% a trade is sucidal?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Here are 5 reasons why it is too RISKY and you should'nt do it! > Challenges to recover - Large losses require proportionally larger gains to recover. A 50% drawdown requires you to have a gain of 100% to BREAKEVEN! > Emotional Stresses - Trading with such high risk can amplify your stress and anxiety. Fear and panic may set in during losing streaks, impairing sound decision-making and leading to impulsive actions. > Account Blow-Up Risk - You just need to have a string of 5-6 losses and that will be devasting to both your mental and capital, which could lead to margin calls. > Reduced Learning Opportunities - Excessive risk can limit the number of learning opportunities for a trader. If a significant portion of the trading capital is lost quickly, the trader may not have the resources to apply lessons learned from mistakes. Why not risk 1-3% a trade, if at 1% you have under your belt , 100 times to lose ! > Market Volatility Impact - In volatile market conditions, high-risk strategies can be particularly vulnerable. Sudden price movements can result in larger-than-expected losses.What if you got caught in a black swan event? Ouch...That sucks! Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
Education
by Shadowing_The_Big_Boys