Trading Psycology

  1. Most of the patterns fail, and most of the analyses are wrong; the key to winning in this market is your loss should be a fixed amount while your win is at least 1.5 times more than your losses. This way, you are the winner even if you flip a coin.

Choose an amount you can tolerate if you lose it, for example, 100$ (it should be a maximum of 1% or 2% of your total capital). Your winning positions should always make you more than 150$ (risk/reward ratio:1.5). Therefore, you can understand the size of your position, then you will know if you want to short Bitcoin you should short 1 Bitcoin or 0.5 Bitcoin or ...