🪙 To become a successful trader, rather than a gambler, follow these key principles:
💎 1. *Avoid excessive leverage* – Don't open large positions (5x-10x) with all your money, as this is essentially a gamble.
💎 2. *Be patient* – Wait for the right moments to enter and exit trades, and don't rush into opening positions.
💎 3. *Manage risk* – Limit position sizes to 5% of your capital to minimize potential losses.
💎 4. *Ladder investments* – Gradually increase your capital if your position is reversed, to potentially get a more favorable position.
💎 5. *Wait for market correction*: If your position is up, wait for the market to revert to the mean before closing your position and taking profit. Remember that trading requires patience, risk management, and strategic decision making to achieve success.
