🔥Important🔥🔶🔥
✍️Destructive mistakes that a trader makes unintentionally due to the passion of trading, what are they and what is the solution:
🔶The mistake of entering into one project in the hope of making a big profit from it, ignoring the diversification of your investment, so the success rate of this matter is only 5% with devastating results if it does not succeed,
✔️The solution/No matter what your capital is, do not enter only one project and do not enter with the entire amount of cash allocated to this project, for example, if your capital is $ 1000, divide it into 3 sections
1. A section for three strong currencies on Binance
2. A section for dangerous currencies outside Binance
3. A section for cash for emergencies, for example, economic and political events that affect the market,
The first section is an initial entry that does not exceed 50% of the allocated amount, which can be reinforced by a drop of no less than 15%, i.e. $ 350 is a third of a thousand, an entry worth $ 175, the first entry as the maximum percentage, and $175 is trying to strengthen during the correction and the decline by 15% as the minimum percentage of the decline by dividing the $175 into three entries and not a full entry in anticipation of the continuation of the decline,
The second section is with the same strategy in the first section,
The third section is a very special cash section that cannot be played with except in the event of, for example, a major event that led to a 35% candle drop in the market such as the Iran strike or the Corona pandemic. Whoever had money in these events achieved huge profits, and unfortunately everyone did not have a third of the cash for emergencies due to their lack of control by following a strict strategy,