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buying #cake 29000-31400
targets 33000✅-35000-37000-39000
stop 27000
very risky trade
buying #dodo 11000-13000
targets 15000✅-17000-19000-21000
stop 10000
hit 10000 but no close 😔
risky trade
buying #tfuel 170-180
targets 200-220-240
stop 160
#OCEAN/BTC ( Binance )
📈Buy at : 1900-2010
📊Targets :
T1 : 2100
T2 : 2210
T3 : 2330
T4 : 2500
📉Stop at : 1700
trx update : 42% profit 🚀🚀🚀
6th feb: buying some #trx here
will pump soooon
targets on play 😳😳😳
#STX/BTC ( Binance )
📈Buy at : 1300-1500
📊Targets :
T1 : 1700
T2 : 1900
T3 : 2200
T4 : 2500
📉Stop at :1050
#1
#SXP/USDT ( Binance )
📈Buy at : 2-2.5
📊Targets :
T1 : 3✅
T2 : 3.5
T3 : 4
T4 : 4.5
📉Stop at : 1.5
#1
#UTK/BTC ( Binance )
📈Buy at : 900-970
📊Targets :
T1 : 1050
T2 : 1200
T3 : 1300
T4 : 1400
📉Stop at : 800
buying some #reef 0.043-0.045
targets 0.05-0.065-0.08-0.1
stop bel9w 0.03
#DOCK/USDT ( Binance )
📈Buy at : 0.043-0.053
📊Targets :
T1 : 0.06
T2 : 0.075
T3 : 0.083
T4 : 0.09
📉Stop at : 0.03
#1
#POLY/BTC ( Binance )
📈Buy at : 350-420
📊Targets :
T1 : 500✅
T2 : 600✅
T3 : 700✅
T4 : 800✅
📉Stop at : 320
#1
wait for entry
257% profit 🚀🚀🚀🚀
How Poker Has Given Me a Kick-Start in Trading. ♥️♠️♦️♣️
There are a two important things i learned through poker that are also very relevant when trading.
♦️ Psychology
♦️ Chance
Thread 👇
♦️ Intro
Before i even discovered the markets, i used to play quite a bit of poker. Just casually, never at a very high level.
I played around 1 million hands in my life which may seem like a lot, but it really isn't.
1 million hands is enough to get to a semi-high skill level but compared to the regulars and pro's this is nothing and i would never compare myself even close to those people.
♦️ Psychology
Just the way you have to handle both losses and wins while playing poker is very similar to trading.
When you go on tilt, because you've lost to a "bad beat" and start losing more because you are trying to win it back that is exactly the same as revenge trading.
The same can be said for being over-confident and trying to force crazy plays after you're on a hot streak. In trading we could see this as becoming greedy and not thinking rationally anymore. Which ends up with you making bad investments/trades.
The psychology goes a lot more in-depth than this but i will keep it to these basics for now.
It's all about thousands of hours of going through these emotions and handling them a bit better every time. The only way to learn this is through experience.
♦️ Chance Calculation, R:R & EV.
The technical part of trading is ALL about chance. If you would be able to figure out the EXACT chance a setup has of succeeding you would have the holy grail on your hands. Sadly, this is impossible so all we do is make our best educated guess.
In poker, you always try to determine the range of hands (cards) your opponent(s) could have. You compare this to your own hand and the information you have currently available to you, like the cards on the table or the opponent's betting behaviour.
Now, when the opponent bets a certain amount, you can calculate what that the chance is you think you have to win the hand vs. the amount of chips in the pot.
When making the right move, we call this +EV. Meaning the Expected Value of doing this move over and over is positive.
So if you make a decision that profits you 51% of times, it's just a numbers game from there on out.
You will lose a lot and win a lot, but in the end the quantity will work in your favor and earn you your profit.
Compare this to trading and it's all we do.
We mainly use the term Risk/Reward instead of Expected Value but it's basically the exact same.
If a setup has a 2 to 1 Risk Reward Ratio. That means that it has to work out 33,3% or 1/3th of the time for you to break even.
Meaning, if you think the setup with a 2 to 1 Risk Reward Ratio has a 50% chance of succeeding after doing your analysis, this will be a profitable or positive expected value trade in the long run.
You will win 50% and lose 50% but your wins will be twice as big as the losses.
This is how you should approach every trade you enter and this is why it is important to determine your entry, targets and stop-losses in advance.
Doing this enough will make it second nature and in time you won't even notice you're doing it anymore.
Don't forget to have fun!
risky trade
buying some #grt usdt here
ready to break
very risky trade
buying #dodo 11000-13000
targets 15000-17000-19000-21000
stop 10000
#DIA/USDT ( Binance )
📈Buy at : 3.1-3.18
📊Targets :
T1 : 3.4
T2 : 3.6
T3 : 3.9
T4 : 4
📉Stop at : 2.8
#MANA/BTC ( Binance )
📈Buy at : 530-630
📊Targets :
T1 : 690
T2 : 750
T3 : 810
T4 : 900
📉Stop at : 480
#1
#WABI/BTC ( Binance )
📈Buy at : 460-550
📊Targets :
T1 : 600
T2 : 650
T3 : 700
T4 : 800
📉Stop at : 400
#neo is next bnb
buy neo and hold it
targets 50-70-80-90
stop 34
buy and hold
#jst
chart looks good for move 😳
#HARD/BTC ( Binance )
📈Buy at : 3700-3860
📊Targets :
T1 : 4000
T2 : 4300
T3 : 4600
T4 : 4900
📉Stop at : 3500
#UTK/BTC ( Binance )
📈Buy at : 900-970
📊Targets :
T1 : 1050✅
T2 : 1200
T3 : 1300
T4 : 1400
📉Stop at : 800
time to buy #rlc
stop at 3700
targets 4320-4500-4700-5000
#SXP/USDT ( Binance )
📈Buy at : 2-2.5
📊Targets :
T1 : 3
T2 : 3.5
T3 : 4
T4 : 4.5
📉Stop at : 1.5
#1
#btc targets if we break up 42k
are : 45k✅-50k✅-55k