"I often found myself in a situation where I'd make a profit from trading, but then I'd wait for more, thinking the profit wasn't enough or would increase further. This usually led to significant losses.
However, after each loss, instead of getting disheartened, I used my knowledge to control myself. I learned from my mistakes, corrected them, and gained many insights. I've also deeply realized that the crypto trading market incorporates new intricacies every single day.
From what I've learned, I've developed some strategies for myself. I've observed the market closely and learned many things. I spent many hours each day focused solely on trading.
Even so, I'm continuously learning new and innovative techniques.
I'd like to share just a few of the things I've learned here, hoping they might benefit you if you're not already aware:
* Analyze the market and take only one trade at a time. If it quickly reaches a specific profit (5%-10%) within a few hours, take that profit immediately. Then, focus on the next move.
* Always maintain a sufficient margin. After taking one trade, don't try to take another simply because the market seems to offer an opportunity or you think there's a chance, only to incur more losses.
* Always use only 10% of your account balance for trading, with a leverage of less than 5.
* It's good to set your Stop Loss at 2%-5% and your Take Profit at 5%-10%.
* If a trade quickly reaches its profit target, close it, save your time, and focus on areas like 'write and earn' to gain more experience.
I'll share more of my experiences in upcoming posts.
Thank you, and I wish you success!"