Tutorial

Here are some important rules to keep in mind before starting trading:

1. Only invest an insignificant amount that won't ruin your life if lost. Avoid going all in and investing more than you can afford to lose.

2. Prioritize practice before trading. Watch live charts, draw levels, and engage in paper trading. Gain comfort and experience with spot trading before moving on to leverage/futures.

3. Capital preservation is crucial for long-term survival. Use tools like Stop Loss and Risk Management, but remember they are complex and require understanding before implementation.

4. Avoid making quick trades against the trend. Use the weekly time frame and the 50-day moving average to identify the market trend and trade in its direction.

5. Do not develop attachments to specific coins or stocks. Focus on making profits and trade based on logic and chart analysis, keeping emotions aside.

6. Do not rely on hope or prayers for a trade to go right. Exit the market as soon as it goes against you, cut losses, and start fresh.

7. Do not trade without a planned entry, exit, and invalidation point. Avoid following others' opinions blindly and take control of your own trading decisions.

8. Trading is easy when you have a plan, not complicated tools. Manage position size, have pre-determined entries, exit when invalidated, and cut losses.

9. Trade frequently to gain experience and test your methods in the real market. Learn from market feedback and keep practicing to improve your skills.

10. Despite the challenges, trading can be a highly rewarding profession. #HotTrends #write2earn