Markets trend about 30% of the time and ~70% for range-bound market conditions.Most retail traders try to ignore the range. They’re unexciting and usually offer limited reward potential. But a question that every trader needs to ask themselves...Are you trading for fun, or profit? I know this sounds , but this is a serious question that every trader needs to reflect with.If you’re trading for profit, you’ll probably want to include a range-bound strategy in your approach for the 70% of the time when a market isn’t trending.The biggest key to trading a range is to avoid being on the wrong side of the inevitable breakout or breakdown.I believe most range will eventually end. It just needs time, like what we saw in BTC in Nov 22,2022 to Jan 12,2023 when prices oscillated between $18,500 and $15,500.But when BTC did finally begin to breakout at $18,500, the price movements became violent and erratic. This leads directly into liquidation of traders who persist to short the market and because of the limited up-side potential of range-bound markets one really large loss can be disastrous for a trader.As what we always mention on our bootcamp. Risk management is one of the upmost important part of trading.� �Stops should be used at all times and always trade with an exit plan in-case setup not work out as planned.Like any other market condition, there are ways to trade a ranging market. �Always remember there is no individual right or wrong way to do it as long as strong risk management is used :) .When trading a range, we can take the high and low points of a sideways market to determine when, where, and how to enter as well as where to place the stop in the event that the range gets broken.With this type of strategy, we can allow the market to tell them whether or not a trade should be triggered.If the risk amount is larger than the profit potential, then a positive risk-reward ratio would not be possible and no trade should be taken.��"Plan your trade, trade your plan."

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Have you ever wondered what separates the few profitable traders from the rest in the crypto market?

While luck and timing may play a small role, the key factor is often the traits and habits of the trader themselves. After studying successful traders over the past few years, I have identified some important traits that are essential to their success.

Here they are divided into 4 categories:

1. Commitment and Mindset

👉 Commitment to overcoming the learning curve

👉 Humility and seeking profits as the goal

👉 Commitment to being a lifelong learner

2. Trading System and Plan

👉Positive expectancy trading system

👉Trading system that fits your personality, risk tolerance, and return goals

👉Trading plan to execute the process in real-time

3. Discipline and Self-Control

👉Maintaining self-control over egos and emotions

👉Patience in waiting for your setup and letting winning trades run while cutting losing trades quickly

👉Faith in your strategy and yourself to follow your trading plan

4. Risk Management and Analysis

👉Tracking results and learning lessons from past mistakes and successes

👉Proper position sizing and trade management to eliminate big trading losses

👉Tuning out the outside noise and focusing on your own signals

Remember, becoming a successful trader takes time and effort, but with a commitment to learning and implementing these key traits, you will eventually achieve your goals.

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Here are a few checklists if you are using a trend-following strategy.

1. Look for momentum in the price.

When the price of an asset is moving up, it's typically because there's an influx of new investors buying it at lower prices than they were paying before. This is a sign that the price will continue to move higher

2. Look for support and resistance levels.

You can use these areas as criteria when deciding whether or not it's time to buy or sell.

3. Establish your entry rules.

Define clear entry signals based on your chosen technical indicators and trend direction.

4. Set your stop-loss.

Determine a suitable stop-loss level based on your risk tolerance. Consider using trailing stops to lock in profits as the trend progresses.

5. Determine your profit target.

Establish a profit target, either as a fixed percentage or using a technical indicator like Average True Range (ATR) for your target.

6. Maintain discipline.

Stick to your predefined rules and avoid emotional decision-making. Review and adjust your strategy based on your performance and any changes in market conditions.

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