⚠️Crypto Is Not Easy Money⚠️
Many newcomers see crazy pumps in coin prices and jump in without thinking. However, crypto often gives when you least expect it and takes away when you’re too certain.
Key Tips for Trading Safely:
1️⃣Start with Adequate Capital;
• Avoid trading with less than $5,000–$10,000 USDT in your wallet.
• Start with low leverage (maximum 3x) and only increase it as you gain experience.
2️⃣Manage Risk Wisely
• Allocate no more than 10% of your capital to margin trading.
• Keep 90% of your funds as a safety buffer to handle unexpected market movements and avoid liquidation.
3️⃣Always Use Stop-Loss Orders
• Protect yourself from unexpected events like “black swan” market crashes by setting stop-losses on all trades.
4️⃣Have a Plan for Spot Trading
• Define clear targets before entering a trade. For example, if you buy a coin at $1 and aim to sell at $10, start taking profits incrementally (e.g., sell 20% of your holdings every $0.25 increase).
• Avoid emotional trading based on hype or rumors.
5️⃣Ignore the Hype
• You’ll often hear traders claim, “This coin is going to the moon!” While it might go higher, prices can also drop sharply.
• Remember, you can’t always time the exact peaks and valleys of the market, so focus on consistent and safe profits.
ℹ️Final Advice
Play it safe and stick to your strategy. Greed can lead to significant losses, so protect your capital and trade responsibly.
Many newcomers see crazy pumps in coin prices and jump in without thinking. However, crypto often gives when you least expect it and takes away when you’re too certain.
Key Tips for Trading Safely:
1️⃣Start with Adequate Capital;
• Avoid trading with less than $5,000–$10,000 USDT in your wallet.
• Start with low leverage (maximum 3x) and only increase it as you gain experience.
2️⃣Manage Risk Wisely
• Allocate no more than 10% of your capital to margin trading.
• Keep 90% of your funds as a safety buffer to handle unexpected market movements and avoid liquidation.
3️⃣Always Use Stop-Loss Orders
• Protect yourself from unexpected events like “black swan” market crashes by setting stop-losses on all trades.
4️⃣Have a Plan for Spot Trading
• Define clear targets before entering a trade. For example, if you buy a coin at $1 and aim to sell at $10, start taking profits incrementally (e.g., sell 20% of your holdings every $0.25 increase).
• Avoid emotional trading based on hype or rumors.
5️⃣Ignore the Hype
• You’ll often hear traders claim, “This coin is going to the moon!” While it might go higher, prices can also drop sharply.
• Remember, you can’t always time the exact peaks and valleys of the market, so focus on consistent and safe profits.
ℹ️Final Advice
Play it safe and stick to your strategy. Greed can lead to significant losses, so protect your capital and trade responsibly.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
96,404.74
+1.39%