#SharingIsEarning #CareerLessons #BinanceTurns8 #CryptoTradingInsights 💡 Golden Rules Every Trader Must Remember
🧠 1. Trading Is a Game of Probabilities — Not Certainties
No setup guarantees success — your goal is to manage risk and win more than you lose.
Think in terms of risk-reward ratio and long-term edge.
🧮 2. Risk Management Is Your Survival Kit
Never risk more than 1–2% of your capital on a single trade.
Always use a stop-loss — never trade without one.
Protect capital first, profits will follow.
"Amateurs focus on how much they can make. Professionals focus on how much they can lose."
🛑 3. Control Emotions: Fear and Greed Kill Accounts
Don’t FOMO (Fear Of Missing Out).
Avoid revenge trading after a loss.
Stick to your trading plan — don’t trade based on emotions or news hype.
📈 4. Plan Every Trade — And Trade the Plan
Entry ✅
Stop-loss ✅
Target ✅
Risk-reward ratio ✅
If it’s not written down, it’s not a plan.
🧘 5. Patience Is a Superpower
Don’t chase trades. Wait for high-probability setups.
The best traders take fewer, better trades.
Sometimes the best trade is no trade.
🧪 6. Backtest and Journal Every Trade
Learn from both wins and losses.
Keep a trading journal:
Why you entered
What worked/failed
How you felt
Improves discipline and performance over time.
🔍 7. Understand the Market Structure
Don’t trade blindly — know:
Support & Resistance
Trend direction
Volume behavior
Volatility zones
💼 8. Don’t Trade Without Proper Capital
Under-capitalization leads to emotional decisions.
Don’t trade with borrowed money.
Only trade what you can afford to lose.
⚙️ 9. Use Tools, Not Hype
Rely on:
TradingView charts
RSI, MACD, EMA, Fibonacci
Price action and volume
Avoid "signals" from social media unless verified.
📚 10. Stay a Student of the Market
Market conditions change — your strategies must evolve.
Read books, take courses, learn from mentors.
Master one strategy first before trying multiple.