#TradeLessons key trading lessons for crypto beginners and intermediate traders:
1. Never Trade Without a Planaa
Have clear entry, exit, and stop-loss strategies before opening any position. Avoid emotional decisions.
2. Risk Management is Crucial
Only risk 1–2% of your portfolio per trade. Use stop-losses to protect against major losses.
3. Follow the Trend, Don’t Fight It
Trading with the market trend increases your chances of success. Use tools like moving averages and RSI to confirm trends.
4. Stay Updated on News and Events
Economic reports (like CPI), Fed decisions, and crypto news impact prices. Always check news before trading.
5. Learn from Losses
Every loss is a learning opportunity. Keep a trading journal to review and improve your strategies. #BinanceSquareTalks