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LIVENadeem Anasri
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If you want to become a real trader rather than a gambler, it's essential to read this carefully. If you're opening 5x-10x leveraged positions with your entire capital, you're essentially gambling. In such high-risk trades, the chances of liquidation are high because the crypto market is extremely volatile, with 10%-20% price swings being common. Even with a stop-loss, small movements can cause significant losses to your capital.
The key to successful trading is "PATIENCE." If you're not patient, you won't become a good trader. Here’s why patience is crucial:
First, you should never open a 10x position—or even a 1x position—using your full capital. Opening a 1x position is like flipping a coin and guessing the market direction. Instead, your position size should only be about 5% of your total capital.
If the trade becomes profitable, that’s great—you can take your profit at any time. But if the market goes against you, patience is key. Since the trade only involves 5% of your capital, a 10% reversal is the time to add more to your position. This approach can put you in a better position.
As the market tends to revert to the mean, it’s likely that prices will return to your entry point (except for rare exceptions). When the market moves in your favor, you need to be patient, wait for some upside, and then close your position to take profit.
$BNB @dappOS_com
The key to successful trading is "PATIENCE." If you're not patient, you won't become a good trader. Here’s why patience is crucial:
First, you should never open a 10x position—or even a 1x position—using your full capital. Opening a 1x position is like flipping a coin and guessing the market direction. Instead, your position size should only be about 5% of your total capital.
If the trade becomes profitable, that’s great—you can take your profit at any time. But if the market goes against you, patience is key. Since the trade only involves 5% of your capital, a 10% reversal is the time to add more to your position. This approach can put you in a better position.
As the market tends to revert to the mean, it’s likely that prices will return to your entry point (except for rare exceptions). When the market moves in your favor, you need to be patient, wait for some upside, and then close your position to take profit.
$BNB @dappOS_com
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