1. Always assume you are the unluckiest person in the world. Do not rely on luck. Assume the worst. If you are lucky then you get more profit. That's it.
2. Most time spent on trading should be at finding a best position entry. So many people hold their bad trades for months even years, yet when they open their position it took them less than an hour.
3. Do not be optimistic that your trade, which is already going wrong, will magically turn out to be better. Unless you did enough research on your position, related to No. 2, you actually don't have any logical reason. Pessimism is not a bad thing in crypto. Rather, it's way better than optimism.
4. Never risk more than a certain threshold. Risk-reward should be considered but the risk threshold should be top priority.
5. Liquidation is not an option. It is not supposed to happen. Do not assume the possibility of liquidation, if it looks possible then your trade is wrong. Use the millions of risk management methods out there and don't do risky trades to begin with. If you are liquidated, that is 100% your fault.
