♥ Don't trade what you see; trade what others don't ♥
To avoid losing money in trading, here is a smart and distinctive tip based on understanding market behavior and adhering to risk management:
♥ Don't trade what you see; trade what others don't see ♥
How to apply it?
1. Understand Contrarian Trading:
When you see everyone excited to buy a certain asset (buying spree), it may be a good time to think about selling or avoiding buying. The opposite is true when pessimism prevails.
2. Smart Risk Management:
Do not risk more than 1-2% of your capital in any trade.
Always use and respect Stop Loss orders.
3. Patience and waiting ♥:
Don't trade because you are bored or just because the market is moving. Real opportunities appear when you notice something that most people don't see.
4. Learn to read "Price with Volume":
If the price rises with low trading volume, this may be an unsustainable rise.!!!!
♥♥♥ Golden Tip ♥♥♥:
Keep your emotions separate from your decisions. Make decisions based on analysis and numbers, not fear or greed.
