Peace be upon you, my dear friends.
I wish everyone a successful day.
🤚🚨🧨 Three things you should never do in trading
1_ Never chase price increases - be greedy when others are fearful, and be fearful when others are greedy. Buy when prices are low, not when they are inflated.
2_ Never use leverage - it amplifies risks and destroys accounts faster than wealth can be built.
3_ Never take risks - full investment = exposure to risk. Opportunity cost is important; the market always offers opportunities.
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Six basic rules for short-term trading
1_ Wait for clarity - trends follow stability: new peaks after stable peaks, and new troughs after stable troughs.
2_ Avoid sideways markets - impatience during consolidation causes most losses. Wait when the market is choppy.
3_ Trade against the candle direction - buy on bearish candles, and sell on bullish candles.
4_ Monitor momentum - Sharp declines often indicate sharp recoveries; slow declines mean slow recoveries.
5_ Pyramid buying - Build your positions gradually. This is the golden rule of value investing.
6_ Respect consolidation - after declines, cryptocurrencies that move sideways usually rise. Don't chase peaks or troughs / act decisively when trends change.
Trading does not mean exploiting every movement. It means protecting capital, acting with discipline, and seizing opportunities.
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