To become a successful trader and not a gambler, follow these key principles:
1. *Avoid excessive leverage*: Do not open large positions (5x-10x) with all your money, as this is essentially gambling.
2. *Be patient*: Wait for the right moments to enter and exit trades and do not rush into positions.
3. *Manage risk*: Limit position sizes to 5% of your principal to minimize potential losses.
4. *Scale investments*: Gradually increase your principal if your position has changed to potentially gain a more profitable position.
5. *Wait for the market to correct*: If your position is on the rise, wait for the market to revert to the mean before closing the position and locking in profits.
Remember that patience, risk management, and strategic decision making are required to succeed in trading.
#BinanceTurns7 $SOL $BTC $BNB #IntroToCopytrading #TopCoinsJune2024 #AirdropGuide #ĐŃĐ±ĐžĐŒŃĐčĐąĐŸĐșĐ”Đœ đđđ
