The best advice you can hear, understood only by those who have gone through this experience
GhaniaCryptoBeast
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This trader has been filtered with a loss of $300,000 earned over 3 full years of effort 😣 and hard work in a single trade 😱 Preserving capital is more important than chasing quick profits. Stick to the rules to become a successful trader in the long run. 1. **Risk a small percentage**: Do not lose more than 1-2% of your capital on a single trade. 2. **Use stop loss**: Set your loss level in advance and stick to it. 3. **Calculate position size accurately**: Do not over-leverage the trade relative to your capital. 4. **Avoid excessive daily risk**: Set a maximum daily loss (e.g., 5%) and stop there. 5. **Do not rely on high leverage**: Use it cautiously to avoid large losses. 6. **Stick to the trading plan**: Do not change your strategy due to emotions or news. 7. **Choose trades with better returns than risk**: Aim for the expected profit to be double the potential loss. 8. **Record your performance**: Write down trades to analyze mistakes and improve performance. 9. **Do not try to recover losses with random trades**: Emotional trading leads to larger losses. $BTC
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