1. The Law of Risk and Reward
"Risk a dollar to earn three – but never what you are not willing to lose."
Successful traders do not play the lottery. They coldly assess: a risk of 1:3 – the minimum worth entering a trade for. Leave emotions to beginners.
2. The Trend Dogma
"Ride the wave – or drown trying to turn it around."
The market is like the ocean: only the tired fight against the current. Strong trends feed those who do not argue with the chart. Trend break? Exit – don’t hope for a miracle.
3. The Truth in Volume
"Price shows direction, volume shows strength of conviction."
A sharp jump with high volume – a signal to act. Low volume? Most often – a false maneuver.
4. The Rule of Reverse Emotions
"FOMO – stop. Fear – entry."
The crowd makes systematic mistakes. If everyone is greedy – wait for a correction. If they panic – look for buying opportunities.
5. Time vs Timing
"Don’t catch the lows – catch the trends."
99% of traders go bankrupt trying to predict peaks. Long terms and discipline – the weapons of smart money.
The Finale: Psychology – Your Main Asset
Charts provide entry points, but profit is taken by those who manage themselves. Implement these rules – and the market will become your ally.
P.S. Wealth is not an accident, but a daily habit.
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