If you are serious about becoming a real trader and not just a risk-taker, this article deserves your full attention. Those who open positions with 10x-20x leverage on their entire capital are frankly gambling, not trading. The high risk of liquidation is due to the extreme volatility of the cryptocurrency market, where swings of 10%-20% are completely normal. Even with a stop loss, such moves can wipe out a large portion of your initial investment.

Patience is key in trading. If you are one of those who struggle with patience, I fear you are unlikely to become a successful trader. Let’s look at why patience is crucial in trading.

First, it is extremely important to avoid getting into positions with 10x or even 1x leverage on your entire capital. Trading with such a high stake is no different from trying to predict the market move by flipping a coin. Instead, your initial trade should be only 5% of your total capital. If your trade starts making money, great! You can take your profits whenever you want and move on.However, if the market goes against your position, don’t panic. With only 5% of your capital at stake, patience is your best ally. If the market goes against you by 10%, then it’s time to consider strategically increasing your position.

This approach allows you to take a better position as the market will eventually correct and return to your entry point (barring any exceptional circumstances). Once your trade is profitable, wait until you are in a stronger position and then close it out with the desired profit. Success in trading often comes down to timely patience and a disciplined strategy.#PowellAtJacksonHole#BinanceBlockchainWeek#BNBChainMemecoins#CPI_BTC_Watch