Trading Is Not Instant Soup

Many beginners enter the market with the illusion that trading is an instant soup: you just need a little enthusiasm, add hot water and that's it. You can sit on your comfortable couch and keep playing the Play while the profits flow in. But the reality is very different.

No idea, business or dream has ever come true just by snapping your fingers or pouring hot water into a packet. The truth is that you will have to give something in return.

If you really want to make a living from trading or generate income that allows you to have a second income, you have to change your mindset.

This is where the four fundamental pillars of trading come in, the ABCD that you cannot skip if you want to learn:

1. Invest in your Learning: The first step is to decide if you want to invest time or money in your education. Whether you pay for a mentor or learn on your own, the key is not to continue giving away your meager savings to those who are already successful. Remember, knowledge is your best ally.

2. Strategic Planning: Having a plan and sticking to it is crucial. Set clear entry and exit targets, determine when is the right time to trade and when you should abstain. Avoid trading if you don't know at least the basics.

3. Risk Management: Don't put all your capital into cryptos without understanding what you're investing in. Define how much money you'll allocate to trading futures, how much to buy on the spot market, and consider strategies like DCA or another strategy, but don't do this if you don't know the first one yet.

4. Emotional Discipline: Controlling fear and greed is essential. Don't keep playing with your salary. Learn first.

Finally, a lesson that will mark your before and after: keep a record of your actions in the market. Write it down and review it. Only then will you learn from your failures.

Most people don't want to be responsible for their own success. They prefer to look for a magic system that allows them to make money effortlessly.MD

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