Trading is not as difficult as some believe; it is very easy if you understand the right methods and the appropriate times, and know the market trends and the influencing factors. 🌊🌬️
Trading mistakes and how to avoid them 💫🤔
1. Trading based on gambling ❌: Trading with large amounts without considering the capital you have. ✅ The correct method: Do not enter a large amount in a single trade and trade between 2% to 5% of your capital.
2. Buying only one currency ❌: Buying only one currency with a large and hefty amount. ✅ The correct method: Diversifying and splitting the money among several cryptocurrencies.
3. Buying new cryptocurrencies ❌: Buying new cryptocurrencies just minutes after their launch. ✅ The correct method: Do not buy until the currency price stabilizes.
4. Buying from resistance areas ❌: Buying currencies from resistance areas (the highest price the currency reached today). ✅ The correct method: Buying from support areas (the lowest price the currency reached today).
5. Selling when the price drops ❌: Selling when the price drops at a loss. ✅ The correct method: Do not sell; enhance and adjust entry points with an appropriate amount.
6. Trading with a large amount and using high leverage ❌: Trading with a large amount and using high leverage. ✅ The correct method: Trading with 0.5% to 3% in large leverage and adjusting entry points in case of a price drop by a certain amount and selling upon price rebound. This way, the entry point has changed; if you see price stability and the start of an upward trend, do not sell the added amount. This way you avoid losses and achieve significant profits.
7. Entering a sell position when the price rises ❌: Entering a sell position when the price rises. ✅ The correct method: Do not enter a sell position without a well-thought-out plan.
Summary 📝
One of the main reasons for success is experiencing losses and learning from them. These are my past mistakes; I explained part of them to you so that you can avoid them and improve your income level. 🔔
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