If you are serious about becoming a real trader, not just a risk-taker, then this article deserves your full attention. Those who open 10x-20x leveraged positions with all their capital are, frankly speaking, gambling, not trading. The high risk of liquidation comes from the extreme volatility of the cryptocurrency market, where 10%-20% swings are quite common. Even with a stop-loss order, such moves can wipe out a large part of your initial investment. In trading, the key factor is patience. If you are impatient, I am afraid you will not be able to become a successful trader. Let's find out why patience is so important in trading. First, it is important to avoid jumping into 10x leveraged positions or even 1x leveraged positions with all your capital. Trading with such a high stake is like trying to predict the market movement by flipping a coin. Instead, your initial trade should only be 5% of your total capital. If your trade starts to turn profitable, great! You can take profits at will and move on. However, if the market moves against your position, don't panic. Since only 5% of your capital is at risk, patience is your best ally here. If the market moves against you by 10%, then it's time to consider strategically adding to your position. This approach allows you to position yourself more favorably when the market eventually corrects itself and heads back toward your entry point (barring exceptions).When your trade is profitable, wait until you are in a stronger position and then close the trade with the desired profit. Success in trading often depends on timely patience and disciplined strategy.
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