1. Reduce losses by 10% - no excuses: ..
- If you are down 10%, withdraw, don’t hold on, clinging to the stock can drain your portfolio …
2. Set a stop-loss limit, it’s your lifeline in the market ..
- A 5% stop-loss can protect your capital .. Hope is not a strategy, protect yourself …
3. Don’t overtrade, the market doesn’t care about your greed ..
- Do you over-leverage ..? Do you trade too much ..? If so, trade smart, not emotionally …
4. Lock in profits and don’t let gains turn to dust: ..
- Did you make a profit? Lock it in .. Move your stop-loss above the entry point, don’t let a winning trade turn into a loser …
5. When in doubt, get out, not sure of the direction? Get out quickly as hesitation = catastrophe …
6. Only trade in large volume markets: ..
- Low liquidity = Slippage nightmares stick to the hot markets with strong volume …
7. Get rid of target prices and exploit the trend: ..
- Strict targets are a big mistake in the markets, they don't care about your plans, adapt or die …
8. No emotional exits, stick to the plan: ..
- Closing a trade out of impulse, this is how dreams get shattered, follow your risk management rules …
• Finally: ..
Cryptocurrencies are not a get-rich-quick game, it’s a survival war .. Your mindset and strategy will determine whether you succeed or lose .. Be the predator, not the prey …
• - What rule do you follow more than others ..? Share your thoughts in the comments … |