If you want to become a real trader and not a gambler, you should read this article carefully and thoroughly.

If you are opening 5x-10x positions with all your money, I can safely say that you are directly gambling.

With such risky positions, the probability of liquidation is very high. This is because the crypto market is a highly volatile market and 10%-20% movements are quite normal.

Even if you place a stop-loss, you will lose most of your principal in a small movement.

The most important word when trading is “PATIENCE”.

If you are an impatient person, I am sorry but you will NOT be a good trader.

Let's see why patience is important.

First of all, you should not open a 10x, not even a 1x position

directly with your principal. Opening a 1x position is no different than guessing the direction of the market by flipping a coin.

First of all, the positions you open should definitely be 5% of your principal (initial size).

At this point, if your position turns into a profit, great! In this case, you can take profit at any time and move on.

In the worst case scenario, i.e. when your position is reversed, all you have to do is wait patiently. Because your position may only affect 5% of your principal.

If your position is reversed by the first 10%, then it's time to add to your principal.

This way, you may find yourself in a more favorable position.

As the market will return to the average again, it will of course come to your entry price. (Except for exceptional tokens.)

What you need to do at this point is to wait for a while when your position is in the upside and then close your position by taking your profit.