📈💡 _The Ultimate Rule of Thumb for New Traders: Avoid Overtrading!_ 📈💡

_A Simple yet Powerful Guideline to Save Your Trading Career_

As a new trader in the bitcoin market, it's essential to understand the dangers of overtrading. Many traders fall into the trap of buying and selling too frequently, thinking that no one else will capitalize on daily price movements. However, this approach can lead to significant losses.

🚨 _The Risks of Overtrading_

Trading more than 20 times a day is not typical for a novice trader, and those who do so without monitoring the day's high and low are likely to get caught in the trap. To avoid this, follow this simple rule of thumb:

📊 _Focus on Daily Highs and Lows_

Never forget that the market can reverse by 11 AM EST. Since there is only a movement from the daily high and low, volatility is typically lower when the market is stable. If the market reverses by 11 AM EST, it usually does so until 11 AM EST the next day.

🔍 _How to Apply This Rule_

To determine the ideal entry zones, look at the daily high and low. This will help you make informed trading decisions and avoid overtrading.

📚 _Educational Purpose_

This post is for educational purposes, aimed at guiding new traders, those struggling in the crypto market, and anyone who needs it. Stay wise, trade cautiously, and remember: overtrading can be a recipe for disaster!

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