READ IF YOU ONLY TRADE WITH $10 - $50❗️
If you start trading with a small capital then:
❌ Common mistakes that lead to small accounts being wiped out:
1️⃣ Using high leverage
📉 Placing $10 with 50x or 100x leverage is like gambling. A small movement can wipe out the account.
✅ Always trade with little or no leverage. Focus on learning, don’t gamble.
2️⃣ Trading without a plan
💬 Decisions based on FOMO (fear of missing out), chasing excitement — leading to continuous losses.
✅ Apply 1 or 2 simple strategies (like EMA crossover or support/resistance levels).
3️⃣ Overtrading
📊 10 trades a day with $10? That’s not work, it’s chaos.
✅ Quality > quantity — one strong setup is enough.
4️⃣ Lack of patience and discipline
💭 The race for quick profits makes you careless.
✅ Set daily goals of 0.5% to 1%, growth will come over time.
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✅ What does a smart trader do?
🔹 Sets realistic goals
🔹 Takes care of risk management
🔹 Focuses on a successful setup
🔹 Controls emotions
🔹 Ignores noise and sticks to their plan
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