5 Best Crypto to trade and/or to hold (BNB, ADA, XRP, DOT, LTC)
5 Best Cryptos to trade and/or to hold from a technical, price action point of view. (BNB, ADA, XRP, DOT, LTC)
Hello everyone:
The recent question I've been getting is what cryptos to trade or/and to hold.
Certainly trading and investing (holding) would be different,
so I thought I would outline some coins that have good price action and technical in my view at the current market condition.
Make sure to have your own plan on whether you are trading them or investing (holding),
as they can certainly have different outcomes and management needs to do so.
Remember please also take into consideration risk management and trading psychology as well.
Don't put all your eggs in one basket, spread out your $ to be stable and sustainable.
BNB
ADA
XRP
DOT
LTC
Any questions, comments or feedback welcome to let me know :)
Thank you
Jojo
Structures
How & Why I do backtesting in trading Hello everyone:
Here to do a quick educational video on how I do backtesting in trading.
I will utilize tradingview’s replay function and go over briefly on how I use it.
I will also explain the benefits of doing backtesting. How it will strengthen a trader’s mindset and analysis.
Key Concept on Backtesting:
-Doesn't matter what trading strategies/setup/style you use, you need to backtest it so it becomes second nature to you when you are doing your analysis on the market.
Simply watching your mentor’s screenshot and videos are not gonna be enough. Get hands on, do your analysis on past prices and see if they play out. How many times win and lose over the same setup on the same pair?
-When you see how your strategies played out in the past, the easier it will be for you to identify them.
Looking for a setup should be a simple task once you are familiar with your strategies. It should not take hours to do so.
-Your mind is “programmed” now into finding your strategies on the current market condition, regardless the other “noise."
Once you train your mind to understand your strategies will work, then you will simply filter out random things you hear and see. They won't bother you anymore.
-The more you see your strategies play out, the more confidence you become in your trading analysis. Trading is a mind game. Master your mind, master the game.
Understand that your trading success depends on you and you only. When you are confident in your trading plan and strategies, you simply will accelerate in your trading journey.
Feel free to comment and ask questions, Thank you.
How you NOT use Fibonacci! Support&Resistance for beginners!Hey everyone,
welcome to my second Video about fibonacci and how you should and should not use retracement- and extension levels. :-)
There is way more to say about resistance and support-levels.
Since I only got 10 mins. for a video I can just talk about small pieces and highly recommend you to check more about this topic.
I just wanted to give you an example how the market works and how it respects resistance and support-levels.
There are more Traders than those who safe profit to cause resistance or support-zones.
Stop-Loss-Levels gets triggered, Take-profit, fundamentals, those who are flat and wait for signals and so on.
If you wanna see more about that topic just use the comment section and tell me more about your wishes. :-)
You can also PM me!
Peace and good trades
Irasor
Trading2ez
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