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Educacional

3 PIE Charts that will CHANGE Your Trading in 2024

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Hi Traders, Investors and Speculators of Charts📈📉

Considering all the festive holidays coming up, I've decided to make an educational post that will require some "work" from you, call it holiday homework to improve your trading😉

Being a profitable trader is near impossible if you don't have a plan. Most traders fail because they jump in and out of untimed, high risk positions. Today's post is going to help you set up three pie charts that you need as a trader to be successful. Keep it by your desk or where you are trading. Look at it every day to make sure you stick to your plan and stay on track.

I know it may seem like some work - but you're investing your money into the wild west; be as prepared as possible! You only have to do it once, after which you can "tweak" every 4 months or more.

Additional things to keep in mind when setting up your 3 golden pie-charts:
👉 Am I interested in local stocks or international?
👉 If you're heavy into tech, consider a tech-dominant portfolio and likewise (think eco friendly, green power, AI etc.)
👉 Am I planning for 1 month, 1 year, or more?
👉 UNDERSTAND that as a rule of thumb, CRYPTO trading is HIGH RISK
STOCKS and FOREX are considered MEDIUM risk
BONDS and COMODITIES are considered LOW risk
But within these, some are higher- and lower risk than others

If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.


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CryptoCheck
Nota
More on Risk-Reward and leverage trading ratios:
How To Use RISK vs. REWARD Ratios
Nota
Make sure you watch this to become a more profitable trader in 2024!
Nota
Make sure you check out this post on CryptoCheck's TOP 20 altcoins to watch in 2024 👉👀
ALTCOINS - BEST Coins to Watch, Altseason 2024
assetallocationassetmanagementBeyond Technical AnalysisCryptocurrencyForexportfolioportfolio-allocationriskriskmanagementstrategyStocks

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