In a bustling town nestled by the sea, there was a young trader named Kira. Her dream was to navigate the vast and unpredictable market waters, much like a seasoned fisherman seeking the best catch. Her mentor, an old trader named Captain Renzo, often spoke of the market as a treacherous sea full of challenges and opportunities.

"Ahoy, Kira!" Captain Renzo would say with a twinkle in his eye. "The market is our battlefield, and our money is our ammunition. Every trade we make is like casting our net into the ocean."

Kira was eager to conquer this sea of opportunities, but she soon learned that dangers lurked beneath the surface. Captain Renzo taught her about the enemies of trading: Fear, Greed, Rush, and Hesitation.

"Fear can paralyze us, making us doubt our decisions," Captain Renzo warned. "Greed tempts us to chase after more, even when we've already secured a good catch."

Kira nodded, absorbing his wisdom. "And Rush," she asked, "what does Rush do?"

"Rush," Captain Renzo explained, "makes us act hastily without considering the currents of the market. And Hesitation? It causes us to miss out on great opportunities while we stand idle."

As Kira embarked on her trading journey, she encountered these enemies time and again. Fear whispered in her ear during market downturns, urging her to abandon ship. Greed beckoned her to hold on for just a little longer, risking everything for more profit.

But Captain Renzo had taught her well. He emphasized the importance of risk management above all else. "Just like a skilled sailor who knows the tides," he said, "a trader must understand risk. It's the compass that guides us through stormy seas."

Kira learned to beat Fear by calculating her risks before setting sail on a trade. She countered Greed by setting clear profit targets based on risk management principles. Rush was tamed through diligent technical analysis, ensuring she weighed her risks and rewards before casting her net.

One day, Kira shared her struggles with Captain Renzo. "Captain, sometimes I feel like I'm missing out on bigger opportunities."

Captain Renzo smiled knowingly. "Ah, Kira, remember the fisherman's tale. If you catch a fish, be grateful for your catch. Don't throw it back into the sea in pursuit of more. Those who master this patience and discipline become the whales of the market."

Kira nodded, her determination renewed. With each successful trade managed with discipline and risk awareness, she grew wiser and more confident. She knew that mastering these skills was the key to navigating the tumultuous market waters.

And so, armed with Captain Renzo's teachings and her own newfound resilience, Kira set sail each day, ready to face the enemies of trading and emerge victorious in the ever-changing sea of opportunities.

https://www.tradingview.com/chart/BTCUSD/H3lZfrAV-Kira-Captain-Renzo/

we ask Allah reconcile and repay

TradingView

Kira!& Captain Renzo for BITSTAMP:BTCUSD by HamadaMark

In a bustling town nestled by the sea, there was a young trader named Kira. Her dream was to navigate the vast and unpredictable market waters, much like a seasoned fisherman seeking the best catch. Her mentor, an old trader named Captain Renzo, often spoke…

When a coin you are trading starts moving in profit, there are several strategies to consider for effective position management and potentially increasing your gains:
1- Check Your Stop-loss order: This predetermined price point triggers a sell order to minimize losses if the price experiences a sudden drop. Implementing a stop-loss order helps secure profits and protects your capital.
Take Partial Profits: Sell a portion of your position to capture some gains while reducing overall risk. This approach allows you to lock in profits while retaining exposure to potential upward movements.

2- Adjust Your Stop-loss to Breakeven: Following a significant favorable movement, consider modifying your stop-loss order to your entry point or higher based on market dynamics. This ensures that you won't incur losses even if the price reverses.

3- Implement Trailing Stop Orders: These orders automatically adjust as the coin's price moves favorably. Trailing stops assist in locking in profits while permitting the coin to continue its ascent.

4- Secure Your Initial Investment and Let Profits Run: If you invest $1000 and it gains $200, consider locking in the initial invest and allowing the remaining profits to remain invested for the long term, especially during a bull market.

Stay Vigilant about Market Conditions: Monitor market conditions closely and be prepared to adjust your strategy accordingly. If there are signs of a trend reversal or negative news, it may be wise to secure profits or close your position.

Always bear in mind that trading entails inherent risks, and profitability is not guaranteed. It's essential to have a well-defined trading plan, practice prudent risk management, and make informed decisions based on market conditions and your risk tolerance.

We ask Allah for reconciliation and reward. ?

Always be learning.

Always work on improving yourself.

Here are 3 free and open educational ideas created by global traders.

Enjoy! ⤵️ ⤵️ ⤵️

1. Everyone wants to earn, but only a few want to learn.

2. How to chart, analyze, and prepare for market opens (VIDEO).

3. Common sense lessons from a legendary investor.

7 Tips for Risk Management ?

1. Create a trading plan
2. Know your risk/reward ratio
3. Plan a stop loss & take profit
4. Understand your asset class
5. Learn how to backtest
6. Be aware of margin risks
7. Study the art of hedging

Want to become an expert risk manager?

Read this right now: https://www.tradingview.com/chart/BTCUSDT/20ywMQSe-7-Expert-Risk-Management-Techniques-for-Trading/

TradingView

7 Expert Risk Management Techniques for Trading for BINANCE:BTCUSDT by TradingView

Risk management refers to the techniques used to identify, evaluate, and mitigate the potential risks associated with trading and investing. Whether you are a day trader, swing trader, or scalper, effective risk management can help you minimize losses and…

16 candlestick patterns every trader should knowlink

**Here is an explanation of the relationship between US100 and the other assets you mentioned:

US100 and gold:**Generally, they have an inverse relationship. When US100 goes up, the price of gold tends to go down, and vice versa. Gold is often considered a safe-haven asset, so investors may flock to it during stock market uncertainties.

US100 and BTC:The relationship is complex. In the past, they had a negative correlation, but recently they have shown a more positive correlation. Both US100 and BTC are seen as risky assets, and investors may invest in them when they are optimistic about the economy.

US100 and DXY:The relationship is positive. When US100 goes up, the DXY index also tends to go up. A stronger US dollar makes US stocks more appealing to foreign investors, thus driving up both indices.

US100 and S&P:The relationship is positive. When US100 goes up, the S&P 500 index also tends to go up. US100 represents a subset of companies within the broader S&P 500, so their performances are generally aligned.

**It is important to note that the relationships between US100 and these other assets are not always perfect. There have been times when the assets have moved in different directions. However, the overall trend has been for the assets to move in the same direction.

Channel link to share with your friends.**https://t.me/+3MEtbEAheZNmMjhk

Best regards,
The Pro Crypto Signals Team.
we ask Allah reconcile and repay

**Table Explanations:

Risk Ratio:**The risk ratio represents the potential gain compared to the amount risked on each trade. For example, a 1:1 risk ratio means the potential gain equals the amount risked.

Loss vs Gain: This column shows the comparison between the amount lost and potential gain per trade based on the risk ratio, providing insight into potential profits or losses.

Minimum Number of Successful Trades for Profit: This column indicates the minimum number of winning trades out of 10 needed for profitability based on the risk ratio. It shows the threshold of successful trades required to offset losses and achieve profitability.

Minimum Accuracy for Profit: This column represents the minimum accuracy rate necessary for profitability, indicating the percentage of winning trades needed out of the total trades based on the risk ratio.

We ask Allah for reconcile and repay.

Even with a lower accuracy rate below 40%, you can still achieve overall profitability by letting your winning trades compensate for losses.

Even with a lower accuracy rate of less than 40%, you can still achieve overall profitability by allowing your winning trades to compensate for the losses. ?
The Power of Risk Management ?Remember to click the like button and feel free to leave your feedback below our ideas. Your input is highly appreciated ❤️**Channel link to share with your friends.https://t.me/+3MEtbEAheZNmMjhk

Best regards,
The Pro Crypto Signals Team.
we ask Allah reconcile and repay

Risk management aims to assist individuals in navigating challenging periods, persevering during favorable times, and ultimately recuperating with substantial gains. It is crucial to recognize that trading is a marathon rather than a mere sprint.