Before jumping into trading, develop a solid system that prepares you for every market condition.
Some systems work well in bull and bear market, and others work well in sideways.
Every system should have:
- Entry: when to open a long or short position, or when to buy a coin
- Exit: when to close a position, or when to sell a coin
- Risk: how much are you willing to lose if things gone bad
- Position Sizing: calculated with risk, entry, exit
With a clear plan, you’ll know exactly what to do in bull, bear, and sideways markets. No matter if
$BTC go up to $100,000 or fall back to $60,000, or go around $80,000 and $90,000 for another year.
Make your own plan and stick to it. Consistency beats luck every time!
#TradingSystems #RiskManagement