Newcomers to the market because they do not know the conditions of the smart trader enter the market and then lose because of greed and the love of quick wealth. In the end, he ends up losing.
The conditions of the smart trader are three:
Short term
Medium term
Long term investment
He must have a condition that does not leave him from these three conditions
If he wants to combine them all, he must divide the portfolio into four sections
1- A section for the short term and cumulative profit and the best percentage of cumulative profit is 10% of each deal
It is daily or a little more
2- A section for the medium term
It is from one day to a month or more
3- A section for the long term investment
After choosing the currency and studying its project, you start collecting and enter it with your amount in stages until you get a nice average price and keep it
4- A section for emergencies
You use this section for everything you need in difficult circumstances from reinforcement and others
The better your understanding of the market is in the correct way
It increases Your profit and loss decreased and your soul stabilized
And what preserves your capital is your correct understanding and then managing the capital or the portfolio in general
So I advise you to adjust your portfolio to control yourself
And do not think about a few days to be rich and then get out of this market!
This thinking is an illusion and a waste
Rather, the market is a beautiful, long-term profession that makes you a wise and good trader
Final note
The term has no specific time, but rather it is an estimate that depends on the strength and weakness of the market
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