💯 6 TRADING PRINCIPLES – READ IT, STICK IT ON YOUR WALL AND REMEMBER!
Trading is not a game of chance. To survive for a long time in this market, you must have principles as your guiding star:
1. Only trade with capital you can afford to lose – a maximum of 5% of total assets. Do not risk your living expenses, your children's education, or your wedding money...
2. Absolutely do not borrow to trade – financial leverage + psychological leverage is a combo that leads to "total loss".
3. The larger the time frame, the higher the probability – don’t burn yourself with 1-minute candles!
4. Don’t dream of getting rich quickly – don’t let greed turn you into a gambler. Little by little, slowly but surely.
5. Patience is the secret weapon of the longest surviving traders – not entering a trade is also a trade.
6. You must have a plan before hitting the Buy/Sell button – and always set a Stop Loss (SL).
Is there anything else, brothers?
Is there any principle that you hold dear? Comment to share so we can all learn together!
#crypto #ceocryptoman #bitcoin #trading