Overtrading is one of the fastest ways to lose money in crypto. Many traders take too many trades because of FOMO, boredom, or trying to recover losses. Professional traders know that quality trades always beat quantity.
✅Step 1: Create a Daily Trade Limit
Only take 1–2 high-quality trades per day. If your trading setup doesn't appear, don't force a trade.
✅Step 2: Trade During High-Volume Sessions
Focus on the London Open or the New York Open, where Bitcoin and major altcoins usually have stronger price movement.
✅Step 3: Wait for Your Strategy
Only enter trades when all your rules are met. For example:
1-hour timeframe trend confirmation Moving Average crossover or your preferred setup Clear support and resistance Minimum 1:3 Risk-to-Reward ratio Step 4: Risk Small
Risk only 1–2% of your account per trade. Small losses are easier to recover than large ones.
✅Step 5: Stop After Your Goal
If you hit your daily profit target or maximum daily loss, close your charts and walk away. There will always be another opportunity tomorrow.
Step 6: Keep a Trading Journal
Record every trade with:
Entry and exit price Reason for taking the trade Profit or loss Lesson learned
Review your journal weekly to identify mistakes and improve your discipline.
Final Thoughts
Successful crypto trading isn't about trading all day—it's about waiting patiently for the best opportunities. Stay disciplined, manage your risk, and let your trading plan guide every decision. #askanda #crypto #daytrading
$5,000 funded account with Crypto Fund Trader (CFT) and trade directly through Bybit, here is the basic process.
Step 1: Create a Crypto Fund Trader Account
Visit:
Crypto Fund Trader
Create your account using your email address.
Step 2: Purchase a $5K Challenge
Choose the $5,000 Evaluation Challenge (or Instant Funding if you prefer that option).
The standard 2-step challenge generally requires:
Phase 1: 8% profit target Phase 2: 5% profit target Maximum daily drawdown: 5% Maximum overall drawdown: 10% Profit split starts at 80% after funding.
Log in to your CFT dashboard. Select Connect Bybit. Create a new Bybit subaccount (CFT generally requires a dedicated subaccount for each challenge/account). Generate API keys from that subaccount. Copy the API Key and Secret into your CFT dashboard. Wait for the connection to be confirmed. Step 5: Start Trading
After the connection is complete:
Trade directly on the familiar Bybit interface. Trade only the markets permitted by CFT. Follow all challenge rules carefully.
Important rules commonly include:
Only trade USDT Perpetual contracts. Do not deposit your own funds into the connected account. Do not trade Spot, Options, or other unsupported markets through the funded account. Always stay within the drawdown limits. Step 6: Pass the Evaluation
Complete the required profit targets while respecting the risk rules.
Once you pass:
CFT reviews your account. You receive a funded account. You continue trading through the connected Bybit account. Eligible profits are shared according to your agreement (typically starting at 80%). Trading Tips to Increase Your Chances of Passing
Trade only 1–2 setups per day. Focus on the London Open. Use the 1-hour timeframe to identify the trend. Aim for at least a 1:3 risk-to-reward ratio. Avoid overtrading after a winning or losing trade.
Use isolated margin rather than cross margin if permitted by the firm's rules to better control risk.
✅Step 1: Use the 1-Hour Timeframe Trade on the 1-hour chart to identify the overall market trend and avoid unnecessary market noise.
✅Step 2: Trade During the London Open Focus on the London trading session when market volume and volatility increase, creating better trading opportunities.
✅Step 3: Wait for High-Quality Setups Analyze the trend, support and resistance levels, and only enter trades that match your trading plan. Never chase the market.
✅Step 4: Limit Your Trades Take only 1 to 2 trades per day. Quality trades are more important than quantity.
✅Step 5: Manage Your Risk Use only 3% of your trading margin per trade to protect your capital and avoid overexposure.
✅Step 6: Keep Leverage Low Trade with less than 20x leverage to reduce liquidation risk and improve long-term consistency.
✅Step 7: Stay Disciplined Follow your trading plan every day. Consistency and proper risk management are more important than trying to catch every market move.
Successful crypto day trading is built on patience, discipline, and smart risk management—not on taking more trades.
How do you know the right coin to buy. We have good token for Cryptoinvesting Crypto day trading strategy for discovering 100x coins There are steps to finding 100x coin This video is an educational and training purposes only #altcoins #cryptotrading #forex #daytrading #tradingstrategy #askanda
Finding a 100x coin is difficult, but having a daily research process can improve your chances. Here are the steps I use before adding any coin to my watchlist:
✅ 1. Check CoinMarketCap Trending & New Listings Look for newly listed projects with low market caps and growing trading volume.
✅ 2. Use DEX Screener Find coins with increasing volume, strong liquidity, and consistent buying pressure. Avoid tokens with very low liquidity.
✅ 3. Study Holder Distribution Avoid coins where a few wallets own most of the supply. A healthy holder distribution reduces the risk of price manipulation.
✅ 4. Read the Tokenomics Review the total supply, circulating supply, vesting schedule, and insider allocations. Strong tokenomics are essential for long-term growth.
✅ 5. Follow the Narrative Pay attention to sectors attracting attention, such as AI, Layer-2, Real World Assets (RWAs), DeFi, or GameFi. Strong narratives often attract new investors.
✅ 6. Verify the Community Check X, Telegram, Discord, and GitHub. Active developers and an engaged community are positive signs.
✅ 7. Manage Your Risk Never assume any coin will deliver 100x returns. Invest only what you can afford to lose, diversify your portfolio, and always use proper risk management. Most small-cap coins fail, so discipline matters more than hype.
💡 Askanda Tip: Consistency and patience will help you discover quality projects before they become popular.
🏧How to Understand the Order Book on Binance Futures
On the Binance Futures dashboard, the order book is one of the most important tools for understanding real-time market pressure between buyers and sellers.
🟢 1. Bids (Buy Orders) Located on the green side These are traders willing to buy Bitcoin at lower prices The highest bid = strongest immediate buying interest
🔴 2. Asks (Sell Orders) Located on the red side These are traders willing to sell Bitcoin at higher prices The lowest ask = strongest immediate selling pressure
3. Spread (Gap Between Bid & Ask) The difference between highest bid and lowest ask Small spread = high liquidity (fast execution) Large spread = low liquidity (more volatility risk)
4. Order Book in Futures Trading In Binance Futures, the order book helps you: Spot liquidity zones Identify support & resistance levels Detect possible market manipulation (fake walls) Understand short-term market direction
5. Whale Walls (Big Orders) When you see very large orders: They may act as real support/resistance Or sometimes they are spoof orders (fake liquidity to mislead traders)
Always confirm with price reactions before trusting them.
Final Insight The order book does NOT predict the market — it only shows current intentions of buyers and sellers. Smart traders combine it with price action and volume before entering trades. #askanda #orderbook #crypto $TRX
I’m in the heart of Dubai at the iconic Burj Khalifa, enjoying a coffee while breaking down how day trading signals really work in the crypto market. If you’ve ever wondered how traders identify good entry points, this video simplifies the process in a practical and easy-to-understand way.
🏧How to Use a Crypto Funded Trader Prop Firm for Crypto Day Trading
A crypto-funded trader prop firm gives you the opportunity to trade with a larger account without depositing a lot of your own money.
If you can prove that you are a disciplined trader, the firm provides the trading capital, and you share the profits.
✅Step 1: Choose a Trusted Crypto Prop Firm Research a reputable prop firm with fair trading rules, reliable payouts, and positive reviews from traders.
✅Step 2: Pass the Trading Challenge Most prop firms require you to complete an evaluation. Follow the profit target while respecting the daily loss and maximum drawdown limits.
✅Step 3: Use Good Risk Management Risk only 1–2% of your account per trade. Always set a stop loss and aim for at least a 1:2 risk-to-reward ratio.
✅Step 4: Trade High-Quality Setups Trade only when your strategy gives a clear signal. Avoid FOMO, revenge trading, and overtrading.
✅Step 5: Get Funded Once you successfully complete the challenge, the prop firm funds your trading account, allowing you to trade with more capital.
✅Step 6: Earn Profit Splits Continue following the firm's rules. As you make profits, you'll receive your agreed percentage of the earnings while the prop firm receives the rest.
Key Tip: A funded account rewards consistency, not gambling. Protect your capital first, follow your trading plan, and let your profits grow over time.
One of the most overlooked metrics in crypto investing is Coin Holders Distribution. This refers to how a cryptocurrency's supply is spread among its holders.
A healthy project usually has thousands of wallets holding small to medium amounts of the token instead of a few wallets controlling most of the supply. When ownership is decentralized, the project is generally more stable because no single investor has enough tokens to significantly manipulate the market.
Before investing, always check the holders distribution using blockchain explorers or token analytics platforms to understand who controls the supply.
Poor holders distribution is a major red flag. If the top 10 or 20 wallets own a large percentage of the circulating supply, these "whales" can create massive selling pressure by dumping their tokens, causing sharp price declines and panic selling among retail investors.
On the other hand, projects with a broad distribution tend to experience healthier price growth because buying and selling activity is spread across many participants. This creates stronger market confidence and reduces the risk of sudden crashes caused by a few large holders.
As a crypto investor or day trader, never rely solely on hype or social media trends. Combine holders distribution with other fundamental metrics such as market capitalization, trading volume, liquidity, token unlock schedules, developer activity, and real-world utility.
Projects with increasing numbers of holders, strong community growth, and balanced token distribution are generally better positioned for long-term adoption and sustainable price appreciation.
Smart investors always research the tokenomics before risking their capital—because understanding who owns the coins is just as important as understanding what the project does. #askanda #Binance #CryptoTrading.
Is Bitcoin controlling the entire crypto market? In this video, I explain how Bitcoin's price movements affect altcoins and what every crypto trader should know before buying or selling altcoins in the current market.
📈 In this video you'll learn: Why Bitcoin influences almost every altcoin What happens when Bitcoin pumps or dumps Understanding Bitcoin Dominance (BTC.D) When altcoins usually outperform Bitcoin
Whether you're trading Bitcoin, Ethereum, Solana, XRP, BNB, or other altcoins.
Many beginner traders lose money simply because they don't understand the difference between Limit Orders and Market Orders. Choosing the right order type can improve your entries, reduce slippage, and help you trade more professionally.
📈 What Is a Market Order? A market order buys or sells your cryptocurrency immediately at the best available market price.
Use a market order when:
✅ You want to enter or exit a trade instantly. ✅ Speed is more important than the exact price. ✅ The market is moving quickly.
Example: Bitcoin is trading at $110,000. You place a market buy order, and Binance fills it instantly at the best available price, which may be slightly higher or lower depending on market liquidity.
Pros: Instant execution, easy for beginners Great during strong market momentum
Cons: You don't control the exact entry price. Large orders may experience slippage.
🎯 What Is a Limit Order?
A limit order allows you to choose the exact price at which you want to buy or sell. Your order will only execute if the market reaches your selected price.
Use a limit order when:
✅ You already know your ideal entry or exit price. ✅ You want better risk management. ✅ You're following technical analysis using support and resistance levels.
Example: Bitcoin is trading at $110,000, but you expect a pullback to $108,500. Instead of buying immediately, you place a limit buy order at $108,500. Your order will only execute if Bitcoin drops to that price. Pros: Full control over your entry and exit price No unexpected execution price, and excellent for disciplined traders
Which One Do I Use? As a crypto day trader, I use: ✅ Market Orders when momentum is strong and I need fast execution. ✅ Limit Orders when I'm trading support, resistance, Fibonacci retracements, or moving average pullbacks. There isn't a "better" order type—it depends on your trading strategy. The best traders know when to use each one.