Ethereum / Dollar 💥 #RocketBombquickideaHello dear friends! My previous posts were comments like "don't try to catch the price, we're flying to the moon"! I don't blame anyone, and I ask for respect me!
Sometimes I really can not catch the price, this is normal, the main thing is not to lose money buying Top!
At the moment, the situation is next!
Several orders have been triggered, the price may still go lower, but that's unlikely!
On the chart you can find the buy area and the sell area!
Happy trading guys!
Stay calm and control your emotions. - thats most important!
Always sincerely your Rocket Bomb🚀💣
Rocketbomb
9 Golden Rules of Effective Money Management 9 Rules of Effective Money Management in Trading
1. Choose the correct position size.
The basic rule is one: don't forget to minimize your risk and correctly calculate position size in every deal.
For example, you can invest all initial capital in one trade. But why? After all, you can never be sure, that particular deal is guaranteed to bring profit. Many professionals use the "Rule of 2% " - when in one position a trader risks no more than 2 percent of him deposit. In this case, if the trade is closed at a loss, you'll only lose a small amount of money.
There is also an alternative approach, where the trader risks a fixed amount of money (for example, $ 5), that he would be comfortable with losing.
2. Don't trade too aggressively
One of the biggest mistakes is too aggressively trading . Even a small series of several losses in a row, with an incorrectly selected position size, can lead to a significant decrease in the size of your deposit.
3. Always set Stop Loss
Placing a Stop Loss order for each trade has practically no drawbacks, only advantages. Very often, traders become emotionally attached to their trades, which can be fatal.
For example, if a trade becomes unprofitable, an emotionally involved trader will not want to close it and will believe, that the price can still turn around and go in the right direction. Setting a stop loss helps overcome this problem. Thanks to the stop order, you can strictly control the ratio of profit and risk. You should always follow this rule, so that money management in trading gives you tangible advantages, and the deposit doesn't melt before our eyes.
This is one of the basic principles of risk control. Certainly not the only one.
4. Be careful with leverage
In the cryptocurrency market, many traders use leverage. It can be useful, but using it can also lead to huge losses.
As long as you rationally sizing your position and not using too high leverage, then you are fine, you are safe.
5. Keep your emotions under control
Capital management in the market full of emotions: from excitement and euphoria to fear and frustration. Try to free your mind of emotions - this will help you make rational decisions. The easiest recipe not to lose money is to take control of your emotions. All wrong trading decisions are usually made under the influence of emotions.
6. Take responsibility for your results (both losses and profits)
How to manage capital? First of all, with full awareness and responsibility. Traders must recognize, that their trades can be both profitable and loss-making. Assuming every transaction will be successful you can be wrong. A realistic trader knows that any result is possible and is ready for it, while accepting at the same time what the market will bring to him.
7. Manage your risk and avoid overtrading
A trader should get into the habit of analyzing all types of risks. You should zvoid overtrading, which is often the case for newbies traders , who don't have a plan. With such an approach, the attempt to stick to effective money management in trading often ends in failure.
8. Set the position size and take profit level
It is a key element of money management in trading. Before trading, a trader must determine:
🪄Position size
🪄Stop loss size
🪄Take profit level
9. Cut losses quickly and let profits grow
According to this money management advice, you should close those trades that lead to losses according to your trading system on time and get the most out of winning trades.
Enjoy your trading journey!
I try to be useful to You🧡
Always sincerely with You😊
Your Rocket Bomb🚀💣
Ethereum / Dollar 💥 #RocketBombquickideaFriends, just a quick overview on Ethereum - let's make a short-term trade!
Market is pumping, and it's hart to catch the price) But buying on highs is so risky, wait for the rollback price and welcome!💋
The crypto world is filled with many opportunities every minute. Relax, take it easy ))))
Keep a cool mind and be safe!
Always your Rocket Bomb🚀💣
Trading vs Holding 🤯The profitability of cryptocurrencies over a long period is very attractive. So why just not invest in cryptocurrencies according to the <> strategy and keep them a couple of years? 🤔
💥It's hardly possible to give an unequivocal answer to that question, since everyone has their own strategy, psychology, and risk appetite.💥
👍🏻 Some arguments in favor of trading: 👍🏻
👉🏻 not all cryptocurrencies live for a long time, and those assets that are now leaders can become outsiders after only a year or two;
👉🏻 investing in a Buy & Hold strategy is justifiable if there is significant free capital, that can be diverted from circulation for a long period of time.
❗❗You can increase your profitability if you combine the holding strategy with active trading (or at least re-balance the portfolio from time to time).
👉🏻Giving preference only to long-term investment, it's impossible to acquire trading skills, which, by the way, can become an additional source of income.
👉🏻As for the arguments in favor of the Buy & Hold strategy, the image illustrates them most clearly🤣
Thus, trading allows you to profit in the short term, and long-term investment doesn't require frequent activities, as well as the study of various indicators and trading strategies.
However, in both cases, a rational choice of assets, discipline and balanced decision-making are required.
In any case, if you choose one of the strategies or their combination, you can't do it without knowledge and skills.
What do you choose for trading?🧐
Therefore, I always urge you to develop, learn something new, and people who have long been on the market - don't stop self-development.💪🏻💪🏻
Guys, if you liked my post, put me 👍🏻 and write your thoughts in a comments✍🏻
Don't forget to subscribe, if you aren't already😆
And of course, stay with me, dear💓💓💓
Your Rocket Bomb🚀💣
ℍ𝕒𝕝𝕧𝕚𝕟𝕘 2016 vs ℍ𝕒𝕝𝕧𝕚𝕟𝕘 2020🚀Hello🧡I hope you're feeling great and stay in positive mood🙏🏻
Just wanna remind You my previous chart 😉just look how it going...🚀
What do you say, guys? 🚀
I would like to discuss the upcoming fate of BTC with you. 🙏🏻
✍🏻Write your thoughts in the comments!
Thanks for Your attention🙏🏻
I love You very much and appreciate each of You💋
Sincerely yours Rocket Bomb🚀💣
Litecoin's potential 🚀Hello, my friends! Let's look at LTC's daily chart! It's look like this great coin going to the moon🚀
Strong level behind and now good to waiting for rollback price and grab some LTC for mid - term - for increase Your portfolio🤑
Just remembered my post from July👇
one more 👇
Stay safe and optimistic🙏🏻
I try to be useful to You🧡
Always sincerely with You😊
Your Rocket Bomb🚀💣
Bitcoin & Rocket Bomb's view 🧐Hi, dear friends, hope You had a great party yesterday!🎉
I'm updating yesterday's Bitcoin idea, although it's still valid.
Now the price has formed an ascending triangle, the exit from it will most likely be down- by the width of the triangle.
This correction will be a good opportunity to buy Bitcoin for a medium or short term at a discounted price😉
🪄You can find buy and sell levels on the chart
If you have any questions, write me in the comments)
Stay safe and optimistic🙏🏻
I try to be useful to You🧡
Always sincerely with You😊
Your Rocket Bomb🚀💣
Bitcoin & Rocket Bomb's view 🥳Hello, today the price of BTC is pumping! It's so great for long term holders like me🥳
I'm gradually making profit from long-term trading!💪
The secret of successful trading is the correct allocation of capital.😉
One part is for medium-term - long-term deals, and other for short-term.
What I'm planning to do in this situation?
For a successful buying, I'm waiting for the price pullback to the levels, that you see on the chart.🔔
In the meantime, when the price was pumping, I took long-term profit.
How do you react to a pump? Are you panicking? Buy on highs? Or just sit and watch with popcorn?🍿
Love you😍
Your Rocket Bomb🚀💣
Dogecoin: Hope you like pets🐕Hello, my dears! How are You! That's little shock content here😆
What will you choose? Buy at the Bottom or Buy Tops?
I think this chart speaks for itself😉
Who has already bought Dogecoin?
I bought it a long time ago. The first buy order was at 20, then I decided to buy at a cheaper price at 16 - this gave me the opportunity to average the price = 18.
Let's be patient.🙏🏻
PS Place sell orders immediately, because the price soars at lightning speed. There is a chance not to keep the profit))))))
Thank you for staying with me💋
Always sincere with You🧡
Your Rocket Bomb🚀💣
Ethereum / Dollar 💥 #RocketBombquickidea 📣Friends, just a quick overview on Ethereum .
Don't buy on highs, wait for the rollback price and welcome!
The price breaking down symmetrical triangle! Don't miss an opportunity to catch the sale price. Put some BO at levels of buying zone😉and waiting for a growth) Sell orders also you
can find on my chart!
Keep a cool mind and be safe!
Always your Rocket Bomb🚀💣
New Year Bitcoin Update by Rocket Bomb 🚀💣Hello, dear friends!🧡
I can't start the party and leave you without Rocket Bomb's Bitcoin update! 🧡
I would like to tell THANK YOU, that you are so worried about my health! My private messages were bursting with Your advice and words of support. I'm so happy, that You a part of MY World💋🙏🏻
That's just a huge value for me!😊 Thank's each of you!💋
It became much easier! Still not good as I would like, but it's better than it was!
As for Bitcoin 💰
On the chart, you can see, that the price is going down from ascendind wedge.
I marked the buy and sell levels in zones for You.
Don't be greedy and split buy orders, so you don't miss out the best price.💥
And of course, it will be interesting to analyze the recent history of Bitcoin movement. For now - identical , IMHO😉
What do you think? By the way, when will the long-awaited deep correction be? Maybe never?)))) Any thoughts?🧐
HAPPY NEW YEAR, my lovely friends🎄🎄🎄
Thank you for staying with me🧡
Sincerely Yours Rocket Bomb🚀💣
Bitcoin & 2 scenario 🔥Hello, my dear friends!
Sorry to be missing for a while.🤦🏻♀️
I got sick with Coronavirus.😱 Today is the 5th day, and I'm only getting worse.😷
But the growth of Bitcoin is good news. Although it's very difficult for me to type this text, I have no strength at all. I want to warn with this post, that no need to buy at the top, wait for the price rollback to the levels marked on the charts and just wait.
No need to fuss and open randomly deals, trading is a cold mind😉
Just place buy and sell orders and go get ready for the New Year party🎄
You don't have to sit and look at the price every second.
If you have any questions, write in the comments.
Your rays of kindness and positiveness are very important to me.🙏🏻
Thank you for staying with me🧡
Sincerely Yours Rocket Bomb🚀💣
Choose YOUR own CORRECT way 🙏🏻Now is the time, when many newcomers enter the market, why I consider it's important to repeat some of my previous posts.
And of course "Repetition is the mother of learning"😉
Indeed, the Internet are full of different advertisements, that making money can be easy and effortless on the Crypto market, but that's not true.
Now I'm ashamed to admit, but ones, I came here for the same reason.🤦🏻♀️ And like many newbies, I made many mistakes.
Any person, who wants walking trader's journey has initially two roads - (on the picture I marked them as "correct" and "wrong"). That's my subjective vision, which I demonstrate you after passing the difficult path of my own.
WRONG WAY:
◽ Waiting for quick money.
◽ Changing the trading system after each loss.
◽ Using different approaches without understanding them.
◽ Looking for a trading guru, who promises a big income in the shortest time.
CORRECT WAY:
◽ Realize that's ok to loss money, but need try to control risks and analyze our own mistakes.
◽ Desire to develop Yourself . Create your own trading system and improve it.
◽ Carefully study the main approaches, analyze what works best for you.
◽ Find someone, who will point out Your mistakes, can help with advice, but wouldn't do all work for you.
Having gone the wrong way, I decided to go back and start from the very beginning. And I'm not going to stop!Only forward!
I really hope my post helps newbies. It's impossible to avoid all mistakes, everyone has their own path. But how comfort it will be, that's all depends on you!
But we Ukrainians say: "Forewarned is forearmed!"
I wish You patience, strength, perseverance and a huge desire to
conquer the market, because every minute it is filled with different opportunities. But without knowledge it will be very difficult to "catch" these opportunities!
Stay safe and optimistic🙏🏻
I try to be useful to You🧡
Always sincerely with You😊
Your Rocket Bomb🚀💣
Ethereum / Dollar 💥 #RocketBombquickideaFriends, just a quick overview on Ethereum.
Don't buy on highs, wait for the rollback price and welcome!
The crypto world is filled with many opportunities every minute.
Keep a cool mind and be safe!
Always your Rocket Bomb🚀💣
If You're interesting in Bitcoin, here is my fresh chart. You can check it out 👇🏻
Bitcoin quick Rocket Bomb's view😉Hello friends! Here's my quick overview on Bitcoin.
Now the price is finishing forming a symmetric triangle - a very tricky figure, because the exit can be in any direction.
Since the beginning of the triangle formation began with a downtrend, it can be assumed that we will continue to correct and the price will go lower.You can find the level on my chart.
Don't forge,t that fake triangle exits are very common in Bitcoin.
As for my trading, I prefer not trade such movements.
After all, I have a few sad shorts in a bull market.🤦🏻♀️
🔥Get ready to buy at a cheaper price according to my previous chart.
Thank you for staying with me💋
Always sincere with You🧡
Your Rocket Bomb🚀💣
Bitcoin & Buying Zone!💣Hello, friends!💋 Every trader asks the question to her/himself, “Is the long-awaited correction of Bitcoin soon?”, <> etc.
Let's take a look at the chart.🧐
We can notice, that the price is forming a rising wedge (possibly a triangle), the exit from which is most often down.
If you are interested in how to trade triangles and wedges, below I'll leave links to my tutorial posts.
For those traders, who are waiting for a correction to buy, I marked the buy zone in green colour on the chart. The calculation was carried out using Fibbonacci levels, the link to the tutorial post will also be below.
Tell me guys, how are you doing with Bitcoin trading?
As for me, I try to trade every move in recent days. Probably want some variety ... or I just miss Forex 😆
Thanks for attention. Subscribe and stay with me forever!
I love and appreciate everyone!🧡
Your Rocket Bomb🚀💣
EDU POSTS 👇🏻👇🏻👇🏻
⭐ STAGES OF TRADER's FORMING ⭐Hello! Traders professional growth involves going through several stages.
Let's talk more about them.
🔥1. Unconscious incompetence
💡 randomly opens and completes transactions without a specific trading system;
💡 doesn't care about risk management;
💡 often changes the direction of trade on the spot, following the price;
💡 keeps afloat only for small successful deals and doesn't care about losses at all;
💡 but as soon as loses, motivation immediately runs out.
🔥 2. Conscious incompetence
💡 Do you change your trading system several times in half a year without ever exploring a single one?
💡 You are actively looking at your trading history trying to figure out what you are doing wrong.
💡 Are you still making impulsive mistakes that cost a lot of money?
💡 Do you repeat the same trading mistakes again and again?
🔥3. The moment of "EURECA"
💡 No longer changes the system, but focuses on main and works with it.
💡 Begins to maintain a trading plan and a trading journal.
💡 The understanding comes, that trade is a daily routine.
💡 Understands, that in order to earn money, he needs to work on all the components of his system.
🔥 4. Conscious competence
💡 Understood the rules of the game and stopped losing money.
💡 Begins to make a steady profit.
🔥5. Unconscious competence
That's a stage of mastery👊🏻. You follow your trading plan on autopilot.✈
Just one question will help you to verify have you reached the highest level or not: ❗do you feel stress, when you're trading ? If so, then you have not reached this stage.❗
Thank you for staying with me💋
Always sincere with You🧡
Your Rocket Bomb🚀💣
EOS / USD #rocketbombquickidea 🔥 Hello! If You have free money, take a look at this coin!
I have been trading this coin for a long time, recently I managed to fix a price increase of + 50%.
I think this coin has excellent potential, so I can safely recommend it to those who wanna to buy something for a long time.
Tell me, are you familiar with EOS? Have you ever traded it?
Thank you for staying with me💋
Always sincere with You🧡
Your Rocket Bomb🚀💣
Ripple : Buy on rumor, sell by news🔥Hello dear friends!
Many of You asked my view on Ripple.
In fact, I bought a ripple long ago and advised it to everyone the same several times!
Let's take a look at three different Ripple time frames:
Let's take a look at three different Ripple timelines:
On the hourly chart, the price is finishing forming a symmetrical triangle - the exit from it will be as unpredictable as the ripple itself (hopefully up)!
On the daily chart, I like the situation more, the price forms a descending channel (wedge) there, which means that the price has corrected and there is a chance for growth.
And a trump card for dessert .... ahahah .. that's weekly chart and the MacD indicator - which shows that it is not time for long-term investors to sell Ripple))) you can breathe out calmly)))
I think we'll see Growth again. But the question remains relevant ... when ??? ...)))
I don't know, hopefully soon)
What do you say, friends?I really wanna be useful to you, guys!
I make every post with love and it brings me extraordinary pleasure!🙏🏻
Thank you for staying with me💋
Always sincere with You🧡
Your Rocket Bomb🚀💣
Bitcoin: Forewarned is forearmed🔥Hello, dear traders and Bitcoin holders!🧡
No, this post is not to spoil your Christmas and New Year mood, this post is of an informative nature, which is written in order to think, analyze and draw conclusions.🙏🏻
On the chart, I tried to display the main low lows and the highest highs in the history of Bitcoin from 2017 to the present day.
We can see, that during periods of growth (blue zone), the price increased by hundreds and even thousands of percent, which gave great money to people who managed to enter the market on time without panic. But .... now it's important to ask one question !!
WHEN IS IT WORTH TO TAKE A PROFIT ???
After all, just look, after a strong almost non-stop growth there has always been a protracted, almost annual price drop as much as - 70%. That's very important for EVERYONE to understand! It doesn't matter if you made a profit or just entered the market.
No wonder traders say: <>
If the price of Bitcoin rises to $ 32 , very soon we'll be able to encounter a Bomb, which means a protracted correction that can last a very long time.
This should not upset anyone, because in a bear market, profits can also be excellent. The main thing is not to lose what you managed to earn! DON"T BE GREEDY!!!
My previous post about emotions would be in time now👇🏻
This Year was very insidious: the whole World shuddered from the Coronovirus, no one believed that we could overcome the barrier of 9,900, but at the same time Bitcoin broke all the time highs!
It is very interesting whether there will be another surprise for the New Year: continued growth or rapid decline?
What do you say, friends? What do you expect? Are you fixing the main profit or are you just entering the market?
Thank you for staying with me💋
Always sincere with You🧡
Your Rocket Bomb🚀💣
Fibonacci Levels - Rocket Bomb's EDU post 🔥Hi guys, as I promised, this post is about Fibonacci Levels for YOU!🧡
Leonardo Fibonacci is a great mathematician who lived in the XI century. The scientist deduced a number of natural numbers, which later began to bear his name.
Each number in the series was the sum of the two previous numbers: 1 + 1 = 2; 1 + 2 = 3; 2 + 3 = 5 etc.
The result is a series of numbers: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
Fibonacci numbers have some properties:
📌Division of any number of the series into the subsequent tends to 0.618 (the golden ratio in ancient Greek and ancient Egyptian cultures);
📌dividing any number of the series by the next + 1 tends to 0.382;
📌dividing the subsequent number of the series by the previous one tends to 1.618;
📌division of the number of the series by the second number preceding it tends to 2.618.
Fibonacci numbers are often used not only in technical analysis , but also in physics, astronomy and other disciplines.💪🏻
Fibonacci levels are a tool that sets horizontal support and resistance levels on the price chart based on price movement.
It's important to understand, that Fibo levels work well when there is a trend in the market.
How to determine Fibonacci levels?
To determine Fibonacci levels, you need to find the recent significant high and low of the last price movement. When plotting levels for a downtrend, the first point should be at the maximum and the second at the minimum. For an uptrend, you need to do the opposite. Click on the low of the price swing and drag the cursor to the high. In this case, the construction of levels always occurs from left to right.
How to trade by Fibonacci levels?
The basic variant with an upward movement: we determined the minimum and maximum, set the levels, waited for a rollback, entered the market. The price continues to move - we drag the levels to a new maximum, wait for our rollback level, and enter the market.
In a downward movement, we do the same, entering a movement on a pullback.
The technical analysis usually uses the number 0.618 or 61.8%, 0.382 or 38.2%, as well as the psychological half (middle) of 50%.
✔ Very often, based on these coefficients in the technical analysis of the market, Fibonacci lines, Fibonacci levels and Fibonacci periods are built.
Fibonacci lines are built relative to significant highs / lows and represent support or resistance lines, from which they make a purchase or sale.
Fibonacci numbers - the magic of numbers that works in trading and in everyday life .
💥You can simply draw arbitrary horizontal lines on the chart, and ... oh that's mystic... they will also be worked out both in the past and in the future.💥
We can make some conclusions:
🔵Fibonacci tool draws support and resistance lines on the chart based on price movement;
🔵the Fibonacci tool is always applied on the price chart from left to right, both in the case of long positions in an uptrend, and in the case of short positions in a downtrend;
🔵the levels marked between the beginning and the end of the price movement are correction levels, they show which levels the price is likely to return to;
🔵the most common Fibonacci retracement levels are 38.2%, 50% and 61.8%, they are often used to enter the market;
🔵there are two ways to use correction levels to enter the market: aggressive (entry at each of the levels) and passive (waiting for the price to correct in the originally observed direction);
🔵It's important to note that Fibonacci levels are not a trading system, they are an additional tool that only suggests possible correction levels; it should be used only in combination with a trading system or as part of a trading system.
I hope everything was clear for You, and You found this post as helpful🙏🏻
I really wanna be useful to you, guys!
I make every post with love and it brings me extraordinary pleasure!🙏🏻
Thank you for staying with me💋
Always sincere with You🧡
Your Rocket Bomb🚀💣
LINK / USD 🔥💃🏻Hello again😊That's my last post for today! It's almost midnight and I'm tired!😉
But many of You are asking to share my view on Link/ USD! I'm not trading this coin, I'm just sharing my vision with you!
Falling wadge works good in crypto! I made post about <>! Take a look 👇🏻
It looks like we left the falling wedge today. That's a good sign for growth. If you would like to entry now, split your buy order into several parts! It would be great to catch a best price. Happy trading! 💃🏻
If you like what I do, put like and subscribe for don't get lost 🧡
Thank you for attention!😊
Stay in touch with me💋
Always sincere with You🧡
Your Rocket Bomb🚀💣