Start slowly: start with a small capital, say US$ 100.
Currency choice: choose a currency that is less volatile.
Leverage: use leverage no greater than x10.
Leverage limit: make sure to never exceed leverage by more than 50% of your capital (for example, with US$ 100 in your wallet, your leverage should not exceed US$ 150 = US$ 15 x 10).
Avoid trading at the same price: never buy or sell any coin at the same price with all your margin.
Split margin: divide your margin into 4 parts ($15/4 = $3.8), which means you will open long or short positions with $3.8 x 10 = $38 USDT.
DCA Strategy: if you opened a long position and the coin dropped between 5% and 10%, buy again with $3.8 x 10 (this is called Dollar Cost Averaging or DCA), so your entry point is now lower. The same applies to short positions if the coin rises between 5% and 10%. Your position will now be USDT$ 76 and you will have USDT$ 100 as balance.
If the coin exceeds your breakeven point with profits, close it. If it falls back between 5% and 10% or more, DCA again. (Never DCA for drops of 1-2%).
Charts: choose a duration like 1 hour, 4H, 1D). Analyze the chart to see how the coin is behaving.
RSI Indicator: as you are a beginner, use the RSI indicator for durations (1H, 4H, 1D, etc.). If the RSI score is below 20, it is oversold and may rise a bit, which is safe in the long term. If the RSI score is above 90, there is overbuying, so it is safe to go short.
Stop-Loss: never trade without SL; it is a lifesaver during accidents.
Patience is key. Stay updated on the market. Enter and exit trades on time and never trade like a consecutive player. Once you make profits, relax and wait for the next safe entry. If you suffer a loss, relax and don't rush to recover; you could end up losing more.
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