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If you want to be a true trader rather than a gambler, it's essential to approach trading with discipline. Opening positions with 5x-10x leverage using all your capital is akin to gambling. In such high-risk trades, the chances of getting liquidated are extremely high because the crypto market is highly volatile, with price swings of 10%-20% being common. Even with stop-losses in place, a small movement could wipe out most of your capital.

The core principle of successful trading is patience. If you're impatient, you're unlikely to succeed as a trader. Here's why patience is so important:

First, avoid taking 10x leverage or even using all your capital for a single trade. Even trading with 1x leverage can feel like flipping a coin when predicting market direction. Instead, limit your trade size to no more than 5% of your capital.

If the trade goes your way, great! You can take profits when you're ready. If it doesn't, remain patient. With only 5% of your capital at risk, any loss will be manageable. If the market moves 10% against your position, that's when you can consider adding to it.

This approach helps improve your overall position. Since the market usually returns to the mean, it will likely come back to your entry point (with few exceptions). Once you're in profit, hold on a little longer before exiting to secure your gains.

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