👇 A must-read guide for newcomers to the crypto world, a guide to avoid pitfalls!
The truth learned after 3 years of trading contracts and 6 liquidations!
Recommended to save and memorize repeatedly👇
💣 Three major taboos every newcomer must know
1️⃣ Don't max out leverage!
"100x gamble? Please sign for your liquidation gift package"
✅ Recommendation: Newcomers ≤10x, Experienced traders ≤20-50x
2️⃣ Reject trading based on feelings
"I feel it will rise" = Ticket to the rooftop
✅ Correct approach: Triple verification with candlesticks + indicators + trends
3️⃣ Always set stop-losses!
"Just wait a little longer to break even" → What comes is zero
✅ Iron rule: Stop-loss immediately at a 5% loss
✨ Survival essential skills
4️⃣ The Bible of position management
Single position ≤5% of capital
Handle ≤3 coins at the same time
5️⃣ Avoid devilish time periods
⚠️ 30 minutes before and after major news
⚠️ Low liquidity at dawn
6️⃣ Secrets to prevent pinning
• Set orders 3% away from the current price
• Prioritize using conditional orders
💆♀️ Mental training manual
7️⃣ Stop immediately after making a profit!
Stop after three consecutive wins
Close software if you lose 10% in a day
8️⃣ Break the obsession of recouping losses
"I have to earn it back" = Lose more
Accepting failure is the path to winning
🚨 Ultimate survival rule
9️⃣ Recognize the harsh truth: Contracts are not ATM machines
99% of people are losing, only play with spare money
Long-term profit = Discipline + Learning + Luck, all three are essential
🔟 Simulate before real combat
Practice on a demo account for 1 month
Enter the market only after stable profits
