Golden rules in trading….🚨 Don’t forget to read the last one
1. Never trade with entire capital. Divide your capital into 4-6 parts… If you want to trade daily better to trade with 2-5 percent of the capital.
2. Leverage vs spot ::: Even though you win less amount in spot, still better to trade in spot rather than futures.
3. Stop loss::: Even though every knows, we should use stop loss, but nobody follows it including me.
4. Stick to one plan:: Most of the people loose profits for not having a plan or not sticking to the original plan.
5. 🚨 We want to make money from the people who are really intelligent, rich, with political power, media and influencers who wanted to take money from us and we are playing against them. It’s like 1-5% chance of winning, until we are disciplined we can’t win against them…
6. Buy near fear and sell near greed::: If you are trading in spot follow this rule.
7. The faster we get - The faster we loose. We can maker big amount in futures and also loose faster.
8. We think life wont worst than today but in reality it goes way worst than today. So, don’t trade full amount.
9. Realising bad trades and exiting:: This thing is really hard for me. Not able to close in small losses and end up loosing in big times.
10. Never trust or depend on others.
#goldenrules #BTC #PENGUOpening #MarketPullback
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