Bitcoin - Will hit 135k in the short-term, Elliott and FIBO

[alex]

Position sizing is crucial. I'm limiting each trade to 2% of my portfolio to manage risk

[Maxwell]

Agreed. This approach helps prevent significant losses from any single trade.

[alex]

I'm cautious about using leverage; the potential for amplified losses is concerning.

[Maxwell]

Avoiding excessive leverage is prudent, especially given crypto's inherent volatility.

[Nahiar806]

Diversification is a key strategy to protect against market downturns.

[alex]

I've started maintaining a trading journal to analyze my decisions and outcomes.

[Nahiar806]

That's a great practice. It helps identify patterns and improve future strategies.

[Maxwell]

Emotional discipline is essential. I've learned not to make impulsive decisions based on market swings.

[alex]

Controlling emotions like fear and greed is vital for consistent trading success.

[alex]

set clear entry and exit points before initiating any trade.