BEFORE YOU START TRADING, KEEP THESE THINGS IN MIND!!! 📊
I have been trading for a long time. I have been liquidated, profitable, bankrupt several times. 💼💰💥
Here are the RULES that you MUST follow to survive in the market long term. 📈
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Learn from history or perish. Here are my best trading lessons. 📚💡
📌 1. HOW MUCH TO INVEST.
Don't invest at the cost of ruining your life. 💸
Your investment should always be an almost insignificant amount. If you lose it, it should hurt a bit but not ruin your life. Don't go all in. EVER. 🙅♂️
Don't invest more than you can afford to lose. 💰
📌 2. TRADE SPOT. THEN FUTURES.
Practice a lot BEFORE trading. 📊
Watch live charts, draw your levels, then paper trade. 📈📝
After you're comfortable with this, trade spot for some time and ONLY THEN move to leverage/futures. 🔄💼
Using leverage without spot experience is a crime. ⚠️
📌 3. TWO SAVIOURS.
You cannot and will not survive in the long term without following the two tools of capital preservation. 💼
i. Stop Loss. 🛑
ii. Risk Management. ⚖️
Both these tools are FAR more complicated than they sound. Read, understand and ONLY then trade. 📚🧠
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📌 4. DON'T BE A HERO TO FIGHT THE TREND.
Don't try making quick trades by fighting the trend. 📉📈
Use the weekly time frame and the 50-day moving average to find the trend and trade only in the direction of the market. 📊🔄
📌 5. NO GOOD ASSETS.
There are no good and bad assets. Don't get attached to a coin or a stock. Your aim is to make profits, to buy low and sell high. 📉📈
Keep your logics, attachments, and emotions away and TRADE THE CHART. 📊$BTC $BNB $SOL #TrendingTopic