♥ Don't trade what you see; trade what others don't ♥
To avoid losing money in trading, here is a smart and distinctive tip based on understanding market behavior and adhering to risk management:
♥ Don't trade what you see; trade what others don't see ♥
How to apply it?
1. Understand Contrarian Trading:
When you see everyone excited to buy a certain asset (buying spree), it may be a good time to think about selling or avoiding buying. The opposite is true when pessimism prevails.
2. Smart Risk Management:
Do not risk more than 1-2% of your capital in any trade.
Always use and respect Stop Loss orders.
3. Patience and waiting ♥:
Don't trade because you are bored or just because the market is moving. Real opportunities appear when you notice something that most people don't see.
$BTC 4. Learn to read "Price with Volume":
If the price rises with low trading volume, this may be an unsustainable rise.!!!!
♥♥♥ Golden Tip ♥♥♥:
Keep your emotions separate from your decisions. Make decisions based on analysis and numbers, not fear or greed.
#btc #bnb #NeiroOn #xrp