#Binance
1. Set Stop-Loss Orders
Don’t trade without a stop-loss! It protects your capital and removes emotion from decisions.
2. Use the 1% rule
Never risk more than 1% of your portfolio on a single trade. Risk management is key to long-term success.
3. Follow the Trend
“The trend is your friend.” Don’t fight the market—go with the flow when in doubt.
4. Don’t Chase Pumps
Buying after a massive price spike is gambling. Wait for pullbacks and confirm trends before entering.
5. Use Limit Orders
Avoid market orders in volatile times. Limit orders give you more control over your entry and exit prices.
6. Stay Updateswith News
Crypto is highly reactive to global news. Stay informed to catch opportunities early—or avoid traps.
7. Learn Technical Analysis Basics
Master simple indicators like RSI, MACD, and moving averages. They help time your entries and exits.
8. Secure Your Binance Account
Enable 2FA, whitelist withdrawal addresses, and stay alert for phishing attempts.
9. Don’t Overtrade
Quality over quantity. Fewer high-conviction trades beat dozens of uncertain ones.
10. Have a Trading Journal
Track your trades, wins, losses, and emotions. It’s the fastest way to improve.