Get out of your Binance Web3 Wallet NOW!!! (or leave a small amount).

My phone got damaged and I had to change it for a new one. I couldn't access my account because several issues, including damaged screen.

The point is that your Web3 wallet is exclusively linked to your device. Even if you back up your wallet anyway (Google or QR code), this will only work with your current device. Unless you export your data, there is no other way to restore it and you'll have to reset it (and lose all your funds!!)

Fortunatedly, I had a very small balance (never trusted this wallet 😡), so no mayor issues.

My humble advices are:

1. If you are hodling large amounts, definitely use a cold wallet. I use a non-powered electronic device (NFC card) and it's excellent.
2. Web-based wallets such as Metamask are good if you want to transact quickly, but I don't recommend large amounts.
3. Use only the money you want to trade in the exchange of your preference.

Save yourself from any headaches and worries.

#Web3Wallet #NoRegrets #LearnBeforeInvesting

Take into account when managing different aspects in life.

Management is necessary in every day situations. But keep in mind that somethings are out of your complete control and some are entirely up to you. Wiseness is the ability to know the difference of which are in some way modifiable (or not).

Ok... you hear and read "a 'trader' made over 10.000% with $XXX in a few hours or days"... sure... you can buy a lottery ticket and win the grand prize... one in a million.

Truth is that for every winner, millions lose.

How many people you know got lucky investing a small amount of money and made an incredible profit? If your answer is yes, congrats... you met an extremely rare specimen.

Trading is about knowing the odds on your favor. You will never be "right" or "wrong". The sucessful trader wins more than it loses, not necessarily in number of trades but in the overall results... only with discipline and strict rules (after a long time backtesting)

And that has to do with two main things: 1. When to enter or exit a trade and 2. Once in the trade, how to manage your risk. Maybe the second is the most important, since you opened a trade that may go against you, but with risk management, that trade may become a winning one (or viceversa).

#TradeWithConfidence #DisciplinePays

If you get frustrated in your trading journey, consider these aspects:

1. Are you considered a scalper, day trader or swing trader? Not everybody can do all 3 things. Scalping needs nerves of steel, day trading can be less stressful and swing trading is for long term investing.

2. Do you trade in spot, futures, options, index markets, stocks, commodities, etc? Most people are dedicated to one or very few of these markets.

3.Risk management is essential. You may think you're in a good trade, but it doesn't mean you're right or wrong. It's about studying best probabilites, not gambling...

4. Never risk any amount of money you need for your survival. Don't risk your home, your family's necessities or your children's future. Invest in money that if you lose, you won't be in tough situations.

5. Buy the dip, sell high and follow trends. Statistically is more productive and better chances to sucessfully win a trade this way.

6. Don't overwhelm yourself with many chart indicators, patterns, etc. Take you time to learn and experiment with few strategies that YOU create. Someone else's perfect strategy most probably will not work for you.

7. Don't believe in gurus that make millions in very little time, unless they risk many millions more.

#Write2Earn‬ #TradeWithConfidence #LearningTrading