Buy $100 of Bitcoin a week, and people will look at
you crazy.
Spend $100 a week on Starbucks & fast food, and
people call it "self-care"
Society conditions you to stay poor.
Think different.
1- LEVERAGE IS IRRELEVANT
It is the position size that counts. $100 at 10x leverage is the same as $50 at 20x leverage. The key is to always risk less than 5% of your account.
2- I DON'T CARE ABOUT RISK TO REWARD
Calculating R:R is pointless for me. I very rarely hit a SL because if a trend changes direction and my reason for entering the trade becomes invalidated then I do not hesitate to cut early. Minimising losses contribute to the long term win.
3- TAKE PROFIT AND MOVE SL
I am not afraid to take profits early and aggressively, especially if the market conditions are challenging. Profit is Profit, and the quicker I can secure some and move my SL to entry the better.
4- QUALITY NOT QUANTITY
There are some days that I take no trades. Sometimes I go for a few days with no trades. The key is knowing when to risk off, not everyday is suitable to trades. I am a trader, not a gambler. If you are focused on quantity, then go to the casino instead- you will still get rekt but you'll have more fun.