How to survive a choppy market?!
I'll tell you all the 5 tips that helped me the most during this chop! (1-5) 👇
I'll tell you all the 5 tips that helped me the most during this chop! (1-5) 👇
1) Reduce size:
The first thing you should do once you realize the market doesn't have a clear direction is to reduce size. This is my number one recommendation because it will literally save your life.
The first thing you should do once you realize the market doesn't have a clear direction is to reduce size. This is my number one recommendation because it will literally save your life.
2) Only trade when it is clear to you
The setups you take should be MORE than obvious to you during times of chop. If you aren't confident of a trade, you're better off not even entering.
The setups you take should be MORE than obvious to you during times of chop. If you aren't confident of a trade, you're better off not even entering.
3) Take a break if you get on a losing streak
4) STUDY STUDY STUDY
During the last couple of months, I took a lot of time off of trading to study. Previous setups, and also free content. @mgvcapital has a great intro to pa concepts in his pinned tweet. If you are looking for some great free content be sure to check that out
During the last couple of months, I took a lot of time off of trading to study. Previous setups, and also free content. @mgvcapital has a great intro to pa concepts in his pinned tweet. If you are looking for some great free content be sure to check that out
5) Look for other sources of income
#NFTs have been great sources of income when the setups just weren't there in trading.
#NFTs have been great sources of income when the setups just weren't there in trading.
Thank you all for making it this far! Let me know in the comments if you think I missed something! 👇
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