EmperorBTC Trading Tips

Master Class by EmperorBTC (My Crypto Hero)

mycryptoshala Sep 17

EmperorBTC is a genuine person who has good knowledge of Crypto Trading field. He is giving his best to provide the good quality content for his followers. He made some Crypto Trading Notes which he shared on his Twitter and Telegram Channel. Anyone who is beginner in crypto world can gain maximum knowledge in short time by following his notes. Lets learn and earn with the help of his knowledge.

In this post I am compiling all his notes please read these notes with patience.

Twitter Thread 1

I have been trading for about a decade. I have been liquidated, profitable, bankrupt several times. Here are the RULES that you MUST follow to survive in the market long term. Learn from history or perish. Here are my best trading lessons.

1. HOW MUCH TO INVEST. Don’t invest at the cost of ruining your life. Your investment should always be an almost insignificant amount. If you lose it, it should hurt a bit but not ruin your life. Don’t go all in. EVER. Don’t invest more than you can afford to lose.

2. TRADE SPOT. THEN FUTURES. Practice a lot BEFORE trading. Watch live charts, draw your levels, then paper trade. After you’re comfortable with this, trade spot for sometime and ONLY THEN move to leverage/futures. Using leverage without spot experience is a crime.

3. TWO SAVIOURS. You cannot and will not survive in the long term without following the two tools of capital preservation.

i. Stop Loss.

ii. Risk Management.

Both these tools are FAR more complicated than they sound. Read, understand and ONLY then trade.

4. DON’T BE A HERO TO FIGHT THE TREND. Don’t try making quick trades by fighting the trend. Use the weekly time frame and the 50 day moving average to find the trend and trade only in the direction of the market.

5. NO GOOD ASSETS. There are no good and bad assets. Don’t get attached to a coin or a stock. Your aim is to make profits, to buy low and sell high. Keep your logics, attachments and emotions away and TRADE THE CHART. Eg. Cardano is shit but I made good money there.

6. EXIT AT THE FIRST SIGHT OF BEARISHNESS. Don’t pray for a trade to go right. Don’t hope. Your aim is to leave the market ASAP. Once the trade goes the opposite direction, don’t give control to the market and keep hoping. EXIT. Start afresh. Cut your losses. Keep them small..

7. PLAN. Don’t trade if you don’t have a planned entry, exit and invalidation point. Listening to opinions of others will always get you rekt. Don’t even listen to me. YOU have to plan your entry, position size and invalidation points.

8. IT’S SIMPLE YET MOST DIFFICULT. Trading is easy, you don’t need complicated tools and 5 monitors. My mentor still trades with S/R lines & volume, on his laptop.

The catch is, you need a plan.

-Manage position size.

-Pre-determined entries.

-Exit on invalidation.

-Cut losses.

9. TRADE MORE. When learning, trade a lot. A LOT. Trade with the trend, as many times a possible. Your methods need real market testing. Trade more, let the market give you feedback, as much as possible. The only way to get better at free-throws is to keep practicing.

10. LEARN. LEARN. LEARN. Trading is the most rewarding profession, ever. You can’t expect it to be easy. Journalise all trade. Take notes and keep learning. I have made tutorials for all topics here. It works. It’s free.

How I made money with Crypto https://bit.ly/39kuwP8

Bitcoin Trading Master Class 1

Bitcoin Trading Master Class 2

Twitter Thread 2

Mastering HORIZONTAL SUPPORT and RESISTANCE for Trading Bitcoin.

This is the most comprehensive real-world guide to Support and Resistance. This is everything that you need to master it. It’s an exhaustive guide, don’t read, STUDY IT.

Download