#MarketCorrectionBuyOrHODL

Avoid significant losses during Market Corrections by considering Risk management and Emotional discipline while trading Spot Trading on Binance.

1. Risk Management

• Position Sizing: Only use a portion of your capital (e.g., 10-20%) on a single trade.

• Diversification: Don’t put all your funds in one asset. Diversify across multiple assets to spread reduce risk.

• Use the 1% or 2% Rule: Never risk more than 1-2% of your capital on a single trade.

• Set Daily Loss Limits: Decide in advance how much you’re willing to lose in a day, and stop trading once you hit that limit.

2. Emotional Discipline

• Control Emotions: Don’t let greed or fear drive your decisions. Stick to your strategy.

• Avoid Overtrading: Too many trades increase fees and the chance of errors.

• Stick to Your Plan: Follow your strategy and avoid making impulsive changes.