#save_your_money
The first and last monster in trading is the problem that if you can solve it will completely transform your portfolio
I hope you read this post carefully and make sure that you will not suffer a loss if you do this
Patience, my dear
Lack of patience and inability to control your emotions during loss is what makes you lose constantly
So what is the main reason for impatience?
!! You want to become a millionaire tomorrow
This makes you enter deals with a large portion of your capital and high leverage and then find yourself liquidated in the blink of an eye
So there is a problem, which is that I want to become very rich within a day or two, a maximum of a week
. so, what is the solution ? Don't look for extreme wealth
You will only become in debt and will not have the money to rent your house
The solution, my friend, is that whatever your capital is, do not enter more than 1% in one deal. Whatever the loss of this 1% is, it will never reach it. It did not make my feelings collapse and I closed the deal at a loss.
Rather, I still have a large portion of my capital to strengthen my deal and place it at a better price, which will result in better profits.
The last thing you need to understand is if your position is always worth 1 percent of your capital, then the liquidation price is too far away
The price is known to everyone, no matter how high it goes, it must fall, and no matter how low it must go up
Therefore, in the worst case, you will never close your deal at a loss
Finally, if anything I say is not understood, do not hesitate to ask me. I am here to help you