#Crypto is not a gamble!!!
Do not Trade ever on Emotion. đ¨
Looking back, all my loses are from trades that dont make sense in the first place. I trade with emotion that once you see that PUMP you are always excited to SHORT it and when you see the DUMP you are excited to longs without proper plan.
Avoid Revenge Trading â 99% of our lose come from revenge trading. Once we enter a position then it hit our SL or we get liquidated we will open another one with same coin and sometimes even increase our leverage to get back our lost but ended up losing more đ
Avoid Leverage â do you know that 10-20x margin is already absurd? 3-5x low risk, 5-10x already a big risk. I think 20-50x leverage are okay if you are scalping only.
Diversify â Do not try to look at one coin, try to look at other coin to trade. There's a lot
Avoid trading on weekends â if you are new, I suggest to avoid trading on weeekends. This is usually a PUMP and DUMP and retailers always got rekt.
Happy Trading!!
#CillionaireMind