everyone thinks breakout trades on large caps are free money, but actually most degens are just walking straight into liquidity traps with terrible risk management.
the amount of people blowing accounts because they long the green candles and set arbitrary invalidation levels is wild. you see a setup on $ADA pumping +7.30% and immediately jump in without doing the math on your downside.
ngl look at this classic example floating around the feed. entering $ADA between 0.27 and 0.28 with tp targets at 0.28, 0.30, and 0.33 while sticking an sl way down at 0.22. ser, risking nearly 20% to scalp an initial target at 0.28 or max 0.33 is a negative r:r recipe for getting completely rekt over time.
pairs like $USDT will always give you another entry, but chasing setups where your stop is wider than your realistic upside will bleed your portfolio dry before the next leg up even starts.
are you actually calculating your r:r before taking these long setups or just aping the momentum?
#Cardano #CryptoTrading #BinanceSquare
the amount of people blowing accounts because they long the green candles and set arbitrary invalidation levels is wild. you see a setup on $ADA pumping +7.30% and immediately jump in without doing the math on your downside.
ngl look at this classic example floating around the feed. entering $ADA between 0.27 and 0.28 with tp targets at 0.28, 0.30, and 0.33 while sticking an sl way down at 0.22. ser, risking nearly 20% to scalp an initial target at 0.28 or max 0.33 is a negative r:r recipe for getting completely rekt over time.
pairs like $USDT will always give you another entry, but chasing setups where your stop is wider than your realistic upside will bleed your portfolio dry before the next leg up even starts.
are you actually calculating your r:r before taking these long setups or just aping the momentum?
#Cardano #CryptoTrading #BinanceSquare
