Golden Rules for New Traders
💲Golden Rules for New Traders (speaks someone who is in the process)#BinanceAlphaAlert #SaylorBTCPurchase
If you are thinking about entering the world of trading, here is what I learned (sometimes the hard way) and I wish someone had told me from the beginning. I am not an expert, but I am someone who has already scraped their knees:
1. Don't use money you can't afford to lose.
If that money is for food, rent, or your studies: leave it alone.
2. Start small.
$10 or $20 is enough to learn, make small mistakes, and not stress out.
3. No leverage.
It sounds tempting… but it's like playing Russian roulette with your money.
4. Don't fall for the influencers' stories.
If they don't explain the 'why' of an entry, they are selling smoke.$DOT
5. Learn the basics of technical analysis.
You don’t need a doctorate. Just understanding candles, supports, and volume will put you ahead of 80%.
6. Control your emotions.
Fear and greed will want to mess you up. Breathe, wait, think.
7. Don't trade every day.
Sometimes, the best move is to do nothing.
8. Use alerts, not anxiety.
Let your phone notify you. Don’t stick to the charts$WLD like they are Netflix.
9. Keep a journal.
Write down your entries, exits, and what you learned. That will help you evolve more than any course.
10. Learn to lose.$USDC
We all lose. The important thing is to lose little and win big.
💲It's not about getting rich quickly. It's about not going broke before you learn.✨