learning is the key | ENSIGN TRADING on Binance Square

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learning is the key

Richard Teng

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Empowering our community through education is key to responsible growth in crypto.

Understanding the technology, market dynamics, and security best practices empowers everyone to participate confidently in their Web3 journey.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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$7.1million in crypto laundered by Nigerians and Russians on Binance seized in US fraud probe

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FOMO kills traders. You know it, I know it. And the worst part? You can KNOW it — and still fall for it. Here’s why it happens: Your brain needs certainty. Markets don’t give you any. When you’re watching price move without you, that primitive part of your brain kicks in: “You’re missing out. You need to act. You’ll regret it if you don’t.” But here’s the truth: when you feel FOMO, it’s not because you’re missing trades — it’s because you want to CONTROL outcomes. You want to force a win. You want to feel in control of the market. That’s a dangerous place to trade from. I’ve seen it blow up countless traders — including myself, back when I was learning. ❌ You chase an entry you KNOW isn’t in your plan. ❌ You size too big because you’re trying to “catch up.” ❌ You hold past your exit because you “know it’s gonna run.” FOMO doesn’t just lose trades — it destroys discipline. And without discipline, your edge means nothing. So how do you kill it? Here’s what I do — and what I teach inside the Academy: → Write down your edge in clear, simple terms. This is your permission slip to enter a trade. If the edge isn’t present, you do nothing. → Only trade when the edge is present. Not when it “feels good.” Not when others are hyping a move. Stick to YOUR edge → Walk away otherwise. This is critical. If you stare at charts when you shouldn’t be trading, FOMO will build until it forces your hand. Walk. Away. Simple? Yes. Easy? No. But if you can do this consistently... ✅ FOMO dies — and profits start coming. Most traders will never master this. That’s why they stay stuck. You’ve got a choice: chase every move and stay frustrated… or follow your edge and trade like a pro. Up to you.

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#BTC still standing good at the support zone at $116,700 - $117,000. Daily TF and H4 TF rejecting the area pretty good or it just trapping the buyers before moving any up.

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Money without financial knowledge won’t last long. Having money is one thing, but knowing how to manage it is what really matters. Without understanding budgeting, investing, and saving, it’s easy to see your hard-earned cash disappear. Financial intelligence helps you make smart choices that build lasting wealth. It allows you to spot opportunities and avoid mistakes that can cost you. Taking the time to learn about money management will pay off in the long run. Remember, it’s not just about making money; it’s about keeping it and making it work for you.

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Trading is one of the few professions where you can do everything right, follow your strategy, manage your risk , stay disciplined and still end up losing money. Not because you made a mistake, but because the market doesn't owe you certainty, only probabilities. Most people can't handle that reality.they want cause and effect. Effort and reward. But trading doesn't work like that. You can study for hours, take the perfect setup, control your emotions and still lose. And that is what separate traders from everyone else : the ability to accept loss, not as failure , but as part of the game.If you can't embrace uncertainty, you'll blame the market , tweak strategies unnecessarily, or quit altogether. But, if you can, you're one step closer to being a real trader.

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