"How to make correct entry? I have lost 200 USDT today in $XRP . When I buy market go down, when I sell market go up"
Losing money in trading can be frustrating, but here are some simple steps to make better decisions next time:
- Avoid Emotional Trading: Don’t panic-buy or sell. Set a plan and stick to it.
- Use Limit Orders: Instead of market orders, set a limit price to buy or sell at levels you’re comfortable with.
- Manage Risk: Only trade with money you can afford to lose. Use stop-loss orders to cut losses early.
- Don’t Chase Trends: If a price is pumping or dumping, it’s often too late. Wait for clear signals.
- Learn First: Study charts, market patterns, and strategies before putting in more money.
Trading is hard, but every loss is a lesson—focus on improving step by step
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Tu Michael - Moondancer, Marketing Artist