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Few TIPs that might help you trade with less anxiety while everything goes up and you don't know what to buy: by luckys

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· @luckys ·
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Few TIPs that might help you trade with less anxiety while everything goes up and you don't know what to buy:
- If you are trading in BTC market, just reserve a portion of your Portfolio to BTC and don't touch it ever again. This will allow you to trade ALTCOINs and increase your BTC amount as well as your USD value if BTC keeps going up. If BTC drops, you have to understand the fact that you might lose some USD value but you should be able to make more money trading ALTCOINS anyways. This reserved amount into BTC can be 20%, 50%, 80%.. it all depends how much BTC you can hold without caring about a possible drop in USD value. If you cannot sustain a loss in USD value, you HAVE to risk less and allocate less money to BTC and keep more in USDT.

- If you don't feel like risking too much and you fear a BTC drop. You can simply trade USDT market which is going up like crazy. Remember to place your STOPs all the time. Trading USDT market is less stressful cause you are dealing with a stable coin and you can manage your USD profit/loss in a better way. This works really good if you have to take profit on a weekly basis and you do this FULL TIME. On the other hand if you have are investing for the LONG-TERM you probably have already another income from another job and you don't need to trade USDT market at the moment.

- If you don't know what RISK % to use for every trade I suggest to come up with a $ amount. Everyone of us is different. Everyone here has a different strategy, a different portfolio, different emotions so everybody must take an approach to the trade based on how he feels about it. I always ask myself "How much am I willing to lose on this trade?" - I might be willing to lose $100, $200, or way less or way more... it depends... after I figured that out I calculate how much % that is of my total portfolio and I calculate my position size.

- If you want to make your life easier, you MUST use 3commas (LINK: https://3commas.io/?c=luckystime1) in order to set your trade and forget about it. You can set Entry, Take Profit and Stop Loss at the same time. You can also use trailing Stop Loss which is the best in this market. When I setup my trades during this ALTCOIN party I don't even set a TP. I just set an Entry and a Stop-Loss with trailing feature on and I let the coin run. I can make way more money if the coin starts to go up strong and I will get stopped out as soon as it retraces. You can also set a Trailing Take Profit which sets a Stop Loss right after your TP has been reached.

For further any queries
Ask @luckys



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